Mining Intelligence Articles & Market Analysis - Page 152
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Argyle Announces Renewal with Euro Digital Media
Argyle Resources extends a marketing deal with Euro Digital Media for one month, paying $500K, to promote its mineral exploration projects in North America.
Vizsla Royalties Announces Completion of Payment of Acquisition and Amendment to Compensation Plan
Vizsla Royalties completes a royalty acquisition in Mexico and amends its equity plan, doubling potential issuances, and grants stock options and RSUs to align staff with growth.
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ONGold Announces Filing of NI 43-101 Technical Report for the Monument Bay Gold Project and Provides Corporate Update
ONGold filed a NI 43-101 technical report on Monument Bay Gold Project, detailing historical mineral resources, extensive drilling, and exploration potential in Manitoba.
District Files NI 43-101 Technical Report for the Viken Deposit Mineral Resource Estimate in Sweden
District Metals filed a NI 43-101 report updating mineral resources at its Viken Project in Sweden, highlighting indicated and inferred resources for various minerals.
Kenorland Closes Atlantic Project Acquisition and Receives Notice of Exercise of Top-Up Right from Sumitomo and Centerra
Kenorland Minerals acquired 31,052 hectares of mineral claims in New Brunswick's Atlantic Project, enhancing its exploration portfolio for gold, polymetallic deposits, and other minerals.
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Weekapaug Lithium Announces Proposed Name Change to Protium Clean Energy Corp. and Provides Corporate Update
Weekapaug Lithium Ltd. plans to change its name to Protium Clean Energy Corp, to better reflect its mission of clean energy exploration. The company's shares will continue to trade on the Canadian Securities Exchange under the symbol GRUV. The company is implementing a regional remote sensing gas survey over a 12,000 sq. km area of Ontario and Quebec to explore for hydrogen and other gases. The company is also examining a 3,500 sq. km area for critical minerals/metals and kimberlites using spectral and hyperspectral techniques. On October 16, 2023, the company completed a successful project related to lithium.
Goldshore Announces Closing of Private Placement Offering Raising $13.9 Million
Goldshore Resources Inc. has closed a brokered private placement offering that raised $13.9 million in gross proceeds, including a partial exercise of the over-allotment option. The offering was led by Eight Capital, Clarus Securities Inc., and Paradigm Capital Inc. As part of the offering, the company issued around 15.8 million flow-through common shares and 12.1 million charity flow-through common shares. Proceeds will be used for eligible Canadian exploration expenses and flow-through mining expenditures. The agents received a cash commission of $813,220.20 and were granted 1.62 million non-transferable compensation warrants.
ArcWest Provides Exploration Update
ArcWest Exploration Inc. has updated its 2024 porphyry copper exploration programs. Drilling at the Rip porphyry Cu-Mo project, funded by Interra Copper, has been completed. The Rip project is located near Imperial Metals' past-producing Huckleberry mine and Surge Copper's Ootsa and Berg projects. Drilling at the Oweegee Dome porphyry Cu-Au-Mo project, funded by Sanatana Resources, has also been concluded. Mapping and sampling at ArcWest's Todd Creek project, funded by Freeport-McMoRan Mineral Properties Canada Inc., have been completed successfully. The program expanded the footprint of the hydrothermal-magmatic system and discovered multiple new chalcopyrite mineral
Emperor Metals Expands Near-Surface Mineralization at Duquesne West Gold Deposit; Intersects 52.1 m of 0.8 g/t Au
Emperor Metals Inc. announced the results from the first three holes in its 19-drillhole program, representing 18% of the completed 8,166m drilling campaign for 2024. The results point towards the potential for resource expansion within the open-pit concept. The company is targeting a multi-million-ounce resource in both conceptual open pit and underground mining scenarios. The property already hosts a historical inferred mineral resource estimate of 727,000 ounces of gold. The CEO commented that additional ounces are contained within their conceptual open-pit model, which will likely enhance a new mineral resource estimate expected in Q1 of 2025.
Blue Star Extends Ataani Massive Sulphide Discovery to +300 Metres, Remains Open; Completes Strategic Expansion of Landholdings
Blue Star Gold Corp. has announced a strategic expansion of its landholdings in the High Lake Belt, Nunavut, following the Ataani discovery, the first new massive sulphide discovery in the region in nearly 20 years. The Ataani discovery highlights the untapped potential of the High Lake Belt. The expansion will cover an area known for its gold-rich VMS deposits in the High Lake Greenstone Belt. The company has also expanded the Roma Project by 1,587 hectares to include additional high potential resource growth areas. The final drill results from the Ataani 2024 drill program have been received, confirming the potential of the area.
Northstar Announces Non-Brokered Private Placement
Northstar Gold Corp. has announced a non-brokered private placement financing offering aiming at gross proceeds between $800,000 CAD and $1.2 million CAD. The offering includes a Critical Minerals flow-through component and a non-flow through component, with the first tranche of approximately $900,000 CAD set to close on or before November 8, 2024. The offering is subject to conditions including necessary approvals from the Canadian Securities Exchange. Management reserves the right to amend the allocation of both components.
Centurion Announces Private Placement Financing
Vancouver-based Centurion Minerals Ltd. has announced a non-brokered private placement financing of up to $500,000, priced at $0.025 per unit. Each unit comprises one common share and one-half share purchase warrant. Additionally, Centurion has signed a Binding Letter of Intent with a Nicaraguan corporation to acquire up to 78% interest in the San Cristobal gold project by funding all exploration and development activities. The company is also considering acquiring a 100% interest in further mineral concessions from the Nicaraguan group. The financing proceeds will be used for working capital, due diligence, geophysics surveys, and corporate communications.
Golden Spike Announces Start of Drilling, and Rock and Soil Sampling Results from Gregory River
Golden Spike Resources Corp. has announced the initiation of the first drill hole at the Steep Brook target in Newfoundland, along with analytical results from recent prospecting and rock sampling. The samples from Steep Brook returned values greater than 1.0% copper, up to 7.57% copper, and anomalous values of gold. In-fill soil samples at the Vein Zone also indicated the presence of copper. The drilling represents a significant milestone for the company, with the CEO expressing excitement over the potential mineralization associated with the strong IP anomalies.
Surge Battery Metals Achieves Successful Lithium Clay Beneficiation with Nevada North Project Sample Resulting in a 25% Lithium Grade Increase
Surge Battery Metals Inc. has reported a 25% increase in lithium grade and retention of 87% of lithium for the Nevada North Lithium Project, following testing conducted at Sepro Mineral Systems in partnership with Kemetco Research. These results are expected to be included in a Preliminary Economic Assessment set to be released in Q1 2025. The company also reported continued work on mineral processing and metallurgical techniques aimed at increasing efficiencies and reducing lithium recovery costs. The testing process involved a Falcon C Concentrator which could be incorporated into future plant design due to its potential for scalability.
First Andes Silver Announces High-Grade Silver Assays at Santas Gloria Property Including 0.95m at 754 g/t Ag Eq Within 7.43m at 224 g/t Ag Eq
First Andes Silver Ltd. has announced successful results from its maiden diamond drill program at the Santas Gloria silver property in Peru. The drill has shown multiple high-grade silver assays from different vein systems. The company intends to follow up with more drilling in the sulphide zone of the vein systems. These results are considered encouraging by Dr. Christopher Wilson, a consulting geologist for First Andes.
Champion Electric Extends Lithium Mineralized Corridor to Over 10 Kilometres at Western Prospect, Quebec Lithium Project, James Bay Territory
Champion Electric Metals Inc. has announced the receipt of spodumene grain counts for 360 samples at the Quebec Lithium Project located in Eeyou Istchee James Bay territory. The spodumene grains in the samples indicate the presence of a larger spodumene system nearby. The 2024 exploration program has successfully bridged the gap between the Western Prospect and Powerline Prospects, extending their lithium mineralized corridor to over 10 kilometers. The company expects to receive more results from the 2024 program in the coming months, which will further define their trenching and drill targets along the known lithium mineralization corridor.
Mason Resources Announces Strategic Investment in Sand Minerals, a Company Recently Launched by the Team of Arena Minerals
Mason Resources Inc. has invested CAD $1 million in Sand Minerals Inc., a new private company focused on lithium brine projects in Argentina. The company was founded by William Randall and the former team of Arena Minerals Inc., which was previously acquired by Lithium Americas Corp. Mason's chairman, Fahad Al-Tamimi, expressed excitement about the venture, highlighting the increasing global demand for lithium due to the rise of electric vehicles. The investment has made Mason a significant shareholder of Sand Minerals Inc.
Sanu Gold Announces a New Target at Salat East on Daina Project
Sanu Gold Corporation has identified a promising gold target, Salat East, in the southeastern region of the Daina project in the Siguiri Basin, Guinea. This area, marked by new and extensive artisanal workings, offers significant gold ounce potential, with miners extracting mineralized material along a 500m northeast trending line. The company plans to evaluate Salat East through rock chip sampling, geological mapping, and geophysics before potential drilling. Sanu Gold is also preparing to commence a 2,000m, 19-hole drilling program at Diguifara. The CEO expressed enthusiasm about the newly defined target and its potential high-value mineralized material.
Metals Creek Sells Shabaqua Corners Gold Project to Delta
Metals Creek Resources Corp. has announced an agreement with Delta Resources Limited, in which Delta will acquire a 100% interest in eleven claims from Metals Creek, as well as the right to earn a 100% interest in eight additional claims held by Gold Cache Inc. The claims, covering approximately 233 hectares, are located in Horne and Dawson Road Lots Township and are contiguous with the Delta-1 Property. This deal will allow Metals Creek to focus on other projects while still maintaining exposure to Delta's success through shareholding and the NSR on these claims.
Borealis Expands Its Borealis Property Through Claim Staking
Borealis Mining Company Limited has announced it is expanding its claim package at the Borealis property in Nevada. The new claims add 3.66 square miles to the existing 22.9 square mile package. These new claims contain historical drill intercepts and surface sampling results with gold mineralization. Sixty-four claims were added on the east side of current claim holdings, containing 14 historical drillholes and numerous surface samples with significant gold mineralization. The new claims are in the same general area as the 583 claims recently staked by Headwater Gold, under an agreement with Newmont Corporation.
Magna Mining Files Technical Report for the McCreedy West Copper-Nickel Mine
Magna Mining Inc. has filed an independent technical report in connection with its acquisition of a portfolio of base metals assets in the Sudbury Basin, including the McCreedy West copper nickel mine. The report, titled 'Mineral Resource Estimate for the McCreedy West Copper-Nickel Mine', has been lodged in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The report is accessible on the Company's profile page at www.sedarplus.com. Magna Mining is an exploration and development company focused on nickel, copper and PGM projects in the Sudbury Region of Ontario, Canada.
Delta Furthers Its Strategic Land Acquisition in the Eastern Shebandowan Greenstone Belt in Thunder Bay, Ontario
Delta Resources Limited has acquired a 100% interest in 11 claims from Metals Creek Resources Corp and the right to earn a 100% interest in an additional eight claims held by Gold Cache Inc. This acquisition increases Delta's land package in the Eastern Shebandowan Greenstone Belt to over 30,833 hectares. The newly acquired claims are all contiguous with Delta's existing property and host several gold occurrences. There are no work commitments on these new claims or on the entire Delta land package. The company aims to control the highly prospective gold-endowed belt in the area.
Group Eleven Announces Exercise of Warrants and Expanded Drill Program at Ballywire
Group Eleven Resources Corp., a mining company, has announced that it has received $749,438 from recent warrant exercises and will use these funds to expand its ongoing drill program at the Ballywire zinc-lead-silver discovery in the Republic of Ireland. The company also reported that it has received a total of $1,550,000 from the exercise of 12,916,667 warrants in 2024. The additional funds will allow the company to continue its two-rig drill campaign at full capacity beyond 2024. The company plans to maintain or increase the pace of drilling at Ballywire in 2025.
Snow Lake to Present at the 2024 ThinkEquity Conference
Frank Wheatley, CEO of Snow Lake Resources Ltd., a Canadian clean energy exploration company, will participate and present at The ThinkEquity Conference on October 30, 2024, in New York. Wheatley will also hold one-on-one investor meetings throughout the day. The conference, organized by boutique investment bank ThinkEquity, brings together institutional investors, corporate clients, and industry professionals to discuss innovations and financial strategies. Snow Lake Resources, listed on the NASDAQ, has a global portfolio of clean energy mineral projects, including uranium and lithium projects.
Provenance Gold Provides Drilling Update at Eldorado
Provenance Gold Corp. has provided an update on its core drilling program at the Eldorado Project in eastern Oregon. So far, the company has completed two holes and is in the process of drilling a third. The program has already unearthed mineralization with visible gold in various locations, confirming a deeper mineralized zone under the previously known limits of historical drilling. A detailed geological map has been completed concurrently to the drilling, indicating that the new gold zone at the surface extends beyond the current hole and identifies large previously unrecognized surface alteration zones. The core from the first hole is being tested at ALS Global in Reno, Nevada, with results to be released when available.
F3 Hits 12.0% U3O8 Over 2.0m Within 2.66% Over 10.5m
F3 Uranium Corp has reported positive assay results for 13 drillholes in its ongoing 2024 drill program on the PLN Property, including significant mineralization over a 13.5m interval. The exploration focused heavily on the B1 area near and south of the Harrison Fault, with multiple promising drill holes. The company has also discovered the A1 Shear Extension, about 400m beyond the previously interpreted southern extent of the A1 shear. This discovery, along with the potential for stacked and parallel structure south of Harrison Fault, provides further high priority drill targets.
European Energy Metals Announces Proposed Warrant Repricing
European Energy Metals plans to amend the exercise price of around 6 million common share purchase warrants, pending TSX Venture Exchange approval and consent from warrant holders. The adjustment would lower the original price of $0.75 to $0.25. If the company's shares exceed $0.3125 for ten consecutive trading days, the warrant exercise period will be shortened to 30 days. Grit Metals Corp, a junior mining company, is focusing on a Lithium-Cesium-Tantalum Project in Finland, with exploration licenses near the Keliber mine, set to start production in H2 2025.
ATEX Announces Grant of Incentive Stock Options and Restricted Share Units
On October 28, 2024, ATEX Resources Inc. announced that according to its Stock Option Plan, it has granted 2,290,870 incentive stock options to its employees, with 1,474,650 going to its officers. Each option allows the holder to acquire one ATEX common share at $1.63 over a five-year period. Furthermore, 422,098 restricted share units (RSUs) have been granted to company directors, vesting upon termination of their board membership. ATEX is currently exploring the Valeriano Copper-Gold Project in the Atacama Region, Chile, which holds a large copper gold porphyry mineral resource.
Gold Hunter Resources Launches New Website and Investor Presentation Highlighting the Great Northern Project's Strategic Potential
Gold Hunter Resources Inc., a junior exploration company, has launched a new website and an updated Investor Presentation featuring the Great Northern Project in Newfoundland. The project covers a 23,060-hectare land package in the White Bay area, including a 49.2-kilometer section of the Doucers Valley Fault known for high-grade gold occurrences. The company will also release a Technical Presentation and a condensed Investor Presentation in the future. David Copeland, Chief Geologist and lead geological consultant with Magna Terra Minerals, will present about the project at the Mineral Resources Review 2024, while the company's President & CEO, Sean Kingsley, will present at Kai Hoffman's Deutsche Goldmesse in Frankfurt, Germany.
Kutcho Copper Increases Financing
Kutcho Copper Corp. has increased its non-brokered private placement to raise up to $1,300,000. This will be achieved through the sale of 13,000,000 units at $0.10 each, each unit consisting of a common share and a transferable share purchase warrant. The proceeds will be used to advance the Kutcho Project and cover administrative and working capital expenses. The offering's closing depends on the receipt of TSX Venture Exchange approval.
Closing of Private Placement for Total Proceeds of $100,000
K9 Gold Corp. has announced the closure of its Private Placement, which consisted of 1,428,570 units priced at $0.07 per unit. Each unit includes a common share and a share purchase warrant, valid for five years from closure at an exercise price of $0.10 per share. The common shares are subject to a four-month hold period, expiring on March 1, 2025. The proceeds from the Private Placement will be used for general working capital. Two insiders contributed to this financing with a total of 803,572 units, and no commissions were paid. The company warns that certain forward-looking statements may be subject to risks and uncertainties.
Compass Announces Joint Production Agreement to Commence First Commercial Gold Recovery on Tarabala Trend
Compass Gold Corp. has announced plans to produce gold at the Massala prospect in southern Mali, with production and cash-flow expected for Q1 2025. This follows a joint-production agreement with Malian business group SMAT, allowing Compass to utilize a Small Mining permit and SMAT to update processing components at their facility. The generated cash flow will fund operating cash requirements, convertible debenture repayments, and further exploration and production activities. The agreement is significant as it allows Compass to expedite profitable gold production with minimal capital investment.
Myriad Exercises Initial 50% Option on Copper Mountain
Myriad Uranium Corp., a company with a 75% interest in the Copper Mountain Uranium Project in Wyoming, USA, has announced its decision to acquire an initial 50% interest under an agreement with Rush Rare Metals Corp. The acquisition was made possible because the company's qualifying expenses at Copper Mountain have exceeded $1.5 million, enabling it to issue over 1 million common shares valued at $400,000. Additionally, Myriad has granted 2,075,000 incentive stock options and 2,475,000 Restricted Share Units to some of its directors, officers, and consultants.
Kapa Gold Appoints North American Permitting Expert Ron Espell as Advisor
KAPA GOLD INC. has appointed Ron Espell, an expert in environmental management and mine permitting with over 30 years of experience, as an advisor for permitting the Blackhawk Gold Mine project. Espell has a proven track record in navigating complex regulatory landscapes, particularly in California, and has managed environmental compliance and permitting in Africa and Australia. His appointment is expected to provide assurance and precision to KAPA Gold's permitting strategy.
Equity Metals Reports Final Assay Results from Summer Drilling on the Silver Queen Property, BC; Provides Drilling Update
Equity Metals Corporation reports final assay results from its Summer '24 drill program at the Silver Queen project in British Columbia, highlighting significant extensions and new discoveries, particularly at George Lake and Camp North, with ongoing exploration efforts.
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