Mining Intelligence Articles & Market Analysis - Page 153
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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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Minera Alamos Announces Acquisition of Sabre Gold
Minera Alamos Inc. and Sabre Gold Mines Corp. have agreed on a deal, signed on October 27th, 2024, in which Minera Alamos will acquire all shares of Sabre Gold. This acquisition will enhance Minera Alamos' position as a growth-oriented gold producer and add an additional 150koz of annual gold production. The deal includes the acquisition of the past-producing Copperstone Mine, which has significant infrastructure and resources for a near-term restart. The transaction is supported by Sabre Creditors, which will eliminate about $9.4 million of existing debt at a 15% discount.
Minera Alamos Announces Acquisition of Sabre Gold
Minera Alamos Inc. and Sabre Gold Mines Corp. have entered into an agreement where Minera Alamos will acquire all shares of Sabre Gold. This acquisition will enhance Minera Alamos's position as a growth-oriented gold producer. The addition of the Copperstone mine in Arizona will provide visibility to a further 150koz of annual gold production. The Copperstone mine, formerly produced a total of 514,000 oz of gold from 1987 to 1993, is at an advanced stage for a near-term mine restart. The transaction is supported by Sabre Creditors, eliminating approximately $9.4 million of existing debt at a 15% discount to face value.
Golden Goliath Sells Mexican Exploration Assets
Golden Goliath Resources Ltd. has sold its remaining Mexican exploration assets to a subsidiary of Fresnillo plc for USD $75,000, with half paid on signing and the remaining balance to be registered with Mexican authorities. Additional royalties were sold for USD $25,000, and further concessions will be sold for $50,000 upon certain conditions being met. Golden Goliath is now focusing on its owned gold properties in Ontario and four REE projects in Quebec. The asset sale in Mexico helps reduce carrying costs and increase working capital.
E-Power Resources Inc. Announces Closing of a Second Tranche of Private Placement
E-Power Resources Inc has closed a second tranche of a private placement, issuing 3,950,000 units at a price of $0.05 per unit, resulting in gross proceeds of $197,500. Each unit is composed of one common share and one-half common share purchase warrant, with each warrant allowing the holder to acquire an additional common share at a price of $0.10 for 60 months from the closing date. The net proceeds will be used for general working capital purposes. The securities offered have not been registered under the U.S. Securities Act of 1933 or any state securities laws, hence they cannot be offered or sold in the United States without registration or exemption.
Ximen Mining Corp: Brett Epithermal Gold Project Drilling Hole 5
Ximen Mining Corp. has announced the completion of the 5th hole in its drill program at the Brett epithermal gold project near Vernon in southern BC. The hole B24-05 was drilled at a 45-degree inclination to the northeast to test the Border Zone, an alteration zone west of the Main Zone. The drill intersected multiple altered and mineralized zones and three porphyry dikes. The findings include a sulphide zone, five clay-pyrite mineralized zones, and a quartz vein breccia. These results further correlate with their targeted exploration areas.
Great Atlantic Completes Seventh and Eighth Holes of 2024 Diamond Drilling Program; Both Holes Intersected Visible Gold bearing Veins at its 100% Owned Golden Promise Gold Property - Central Newfoundland
Great Atlantic Resources Corp's subsidiary, Golden Promise Mines Inc., has completed the seventh and eighth holes of its 2024 diamond drilling program at the Golden Promise Gold Property in central Newfoundland. Quartz veins with visible gold were found in the drill holes, which were part of a fully funded drill program. The holes were completed in the west region of the gold-bearing Jaclyn Main Zone and were designed to target the zone between the surface and approximately 100 meters vertical depth.
Volt Carbon Technologies Reaches 1,100 Cycles with Its High Energy Density Lithium Iron Phosphate / Li-Metal Battery
Volt Carbon Technologies Inc., a company based in Calgary, Alberta, has announced a significant advancement in its Lithium Iron Phosphate / Li-metal (LFP) battery technology. The company's batteries, produced at its subsidiary, Solid Ultra Battery's facility, have now reached 1,100 cycles in testing, retaining 80% of their capacity. This progress enhances the competitiveness of LFP / Li-metal batteries for use in electric vehicles, aerospace, and battery-powered devices, and eliminates the need for expensive nickel and cobalt materials. Volt Carbon plans to continue enhancing its technology, aiming for 80% capacity retention and higher cycle life in the next development phase.
Golden Horse to Raise Up to A$18M to Drive District-Scale Gold Exploration and Progresses ASX Listing with Lodgement of Prospectus
Golden Horse has filed a prospectus with the Australian Securities and Investments Commission (ASIC) for an initial public offering (IPO) to raise between A$16 million and A$18 million. The company will also seek to list on the Australian Securities Exchange (ASX). The offer consists of up to 72 million Chess Depositary Interests (CDIs) at A$0.25 each. The funds will be used to capitalize on Golden Horse's strategic position in the Southern Cross Greenstone Belt, a renowned gold-producing region in Australia. The offer is set to open on November 4, 2024, and close on November 15, 2024, with a planned ASX listing date of December 2, 202
Lode Gold Submits Application for Exchange Approval to Form Spin Co, Gold Orogen - a Yukon (Tombstone Belt) & New Brunswick Exploration Company
Lode Gold Resources Inc. has applied for approval from the TSX Venture exchange for the spin-out of Gold Orogen, with a shareholder's meeting expected in early December 2024. The company has also consolidated its capital on a ten for one (10:1) basis, resulting in 38,032,970 issued and outstanding shares. Trading of Lode Gold Resources Inc.'s common shares will commence on a consolidated basis on the TSX Venture Exchange from October 29, 2024. This move is seen as a strategic step after significant milestones in the past year, including the upcoming share distribution of Gold Orogen to shareholders of Lode Gold.
Premium Nickel's Selkirk Deposit Provides Strong Historic Drill Core Results Including 186.25 Metres of 1.65% CuEq or 0.96% NiEq
Premium Nickel Resources Ltd. has announced promising assay results from re-sampling of historic drill core at its Selkirk mine in Botswana. The firm also updated on the Mineral Resource Estimate for the Selkirk deposit. The samples were obtained from 17 historic drill holes extracted by the former operator, Tati Nickel Mining Company. SLR Consulting Ltd. is expected to complete an MRE in compliance with National Instrument 43-101 soon. The assay results include various measurements, such as 139 meters of 1.55% CuEq, 88.85 meters of 1.09% CuEq, and 108.01 meters of 0.93% CuEq.
Kobrea Appoints Cal Everett - Axemen Resource Capital and Darren Pylot as Strategic Advisors - Western Malargüe Copper Projects - Mendoza Province - Argentina
Kobrea Exploration Corp., a copper exploration and development company, has appointed Axemen Resource Capital and Darren Pylot as strategic advisors. They will provide financial advice to aid Kobrea's growth and offer access to financial networks, capital raising, corporate introductions, new project opportunities, and M&A strategy. Cal Everett, representing Axemen, and Darren Pylot have a history of successfully building large mining and mineral exploration companies. Everett, a geologist with over 14 years of experience and CEO of Liberty Gold Corp., has raised over a billion dollars for early-stage opportunities in his career.
TNR Gold NSR Royalty Update - Los Azules Copper, Gold and Silver Project: McEwen Copper Announces an Additional US$35 Million Investment by Nuton, a Rio Tinto Venture
TNR Gold Corp. announced that McEwen Mining Inc. has updated on the Los Azules copper, gold, and silver project in Argentina. TNR holds a 0.4% net smelter returns royalty on this project. McEwen Copper Inc., a subsidiary of McEwen Mining, recently closed an additional $35 million investment by Nuton LLC, a Rio Tinto Venture. This second tranche of offering raised McEwen Copper's total funds to $56 million. Nuton now owns 17.2% of McEwen Copper, which has a post-money market value of $984 million.
Zodiac Gold Completes Drill Program at the Alasala Target and Hits Mineralized Zones including 4.05m at 13.92 g/t
Zodiac Gold Inc., a West-African gold exploration company, has reported positive results from its diamond drilling program at the Alasala target. Highlights include 4.05m at 13.92 g/t Au, 7m at 2.23 g/t Au, and 4.25m at 0.99 g/t Au. Channel sampling also returned 6.05m at 9.06 g/t Au. The drilling results confirm the high grade continuity at depth from previous surface exploration. The drilling program started in Q3 of 2024 and ended on October 11, 2024, with eight diamond drill holes in the Mandingo Hill, Man Field and Lion Hill areas of the Alasala target
Astra Exploration Announces Fully-Subscribed Private Placement Financing with Strong Participation from Michael Gentile
Astra Exploration Inc. has announced a fully-subscribed non-brokered private placement for a minimum gross proceeds of CAD $2,000,000. This includes a $495,000 participation from Michael Gentile, increasing his share ownership to 17.9% and warrant ownership to 22.6%. The company plans to use the funds for its first drill program at Manchuria. CEO Brian Miller expressed confidence in the company's positioning and vision to become a leading Latin American precious metals developer.
Atlas Lithium's Neves Project Is Now Permitted
Atlas Lithium Corporation has received the operational permit for its Neves Project from the government of Minas Gerais in Brazil. The permit allows the company to assemble and operate its lithium processing plant, process mined ore from one of its deposits, and sell the lithium concentrate produced. The permit approval, following a 14-month review process, marks a significant step in Atlas Lithium's goal of becoming a lithium producer. The company's CEO, Marc Fogassa, highlighted that permitting is a crucial aspect in any mining project.
Prospector Identifies High Priority VTEMTM Geophysical Targets on the Devon Nickel-Copper Project, NW Ontario:
Prospector Metals Corp. is conducting detailed 3D modeling to refine initial drill targets for the Devon Ni-Cu Project in Northwest Ontario. A property-wide survey and a 2-week prospecting program have already been completed to identify high priority geophysical anomalies. The Devon Project, which is 100% owned by Prospector, spans 12,200 hectares and is easily accessible by road. It offers potential for district-scale discoveries due to its mafic-ultramafic intrusives, which could contain Ni-Cu sulfides with PGEs. The company expects to advance its targets in Q2 2025.
Lara Exploration Announces Warrant Expiry Acceleration
Lara Exploration Ltd. has announced its decision to accelerate the expiry of its outstanding common share purchase warrants and broker warrants. This decision was made following the exercise of some of these warrants by shareholders, including the company's Chairman, Miles Thompson. The full exercise of these warrants could increase the company's treasury to around $6 million, which would fully fund ongoing studies and development steps for its Planalto Copper-Gold Project in Brazil. The company will exercise its right to accelerate the expiry of the warrants to November 26, 2024, after a 10 day Acceleration Period ending October 25, 2024.
Canadian Copper to Acquire Caribou Processing Plant Complex
Canadian Copper Inc. has signed a Term Sheet and Exclusivity Agreement to acquire the Caribou Processing Plant Complex, a move that fast tracks and reduces risk in bringing the Murray Brook Cu-Zn-Pb-Ag deposit to production. The purchase price is $6,225,000 with the transaction closing on July 11, 2025. The Caribou Complex includes a 3,000-tonne per day milling facility and other infrastructure. The integration of the Murray Brook deposit with the Caribou Complex aims to reduce the schedule, capital cost, and permitting time required to produce copper, zinc, and lead concentrate.
Gladiator Intersects 26m @ 3.31% Cu Within 79m @ 1.37% Cu; Expands Mineralization at Cowley Park
Gladiator Metals Corp has announced further results from its Cowley Park drill program, which targets high-grade copper skarn mineralization. The first four shallow holes were released on October 3rd, 2024, and an additional two holes have now been reported. Further twenty-eight drill holes are expected to be completed in the coming months. Significant intercepts from the two new holes show high-grade copper and molybdenum mineralization. The results suggest that mineralization continues for over 220 meters down plunge on section. The findings are supported by geological logging of another hole (CPG-047), where copper sulphide skarn mineralization has been logged.
Nickel 28 Releases Ramu Q3 2024 Operating Performance
Nickel 28 Capital Corp. has released its Q3 2024 operational results for its largest asset, the Ramu Nickel-Cobalt operation in Papua New Guinea. The company reported a decrease in production due to a planned full shutdown, with 6,880 tonnes of nickel and 634 tonnes of cobalt produced. Nickel sales amounted to 8,685 tonnes and cobalt sales to 798 tonnes. Average nickel prices decreased by 17% and cobalt prices by 31% compared to the same period the previous year. Despite the shutdown for capital improvement projects, Nickel 28 expects Ramu's full-year production to remain within guidance.
Cabral Gold Drills 5m @ 24.5 g/t Gold in Step-Out Hole at the Machichie NE Target, Cuiú Cuiú Gold District, Brazil
Cabral Gold Inc. has announced drill results from the Machichie NE target and the Central gold deposit in the Cuiú Cuiú Gold District, Brazil. The results showed significant high-grade gold mineralization, extending the Machichie NE zone to at least 200m. The zone remains open in all directions and depths, trending NW-SE. The drilling at Central aimed to upgrade Inferred resources to Indicated resources. Alan Carter, Cabral's CEO, commented on the promising results, noting the location of the mineralized zone just 650m north.
Heliostar Hits 16m Grading 16.7 g/t Gold in New Zone with Step-Out Drilling at Ana Paula
Heliostar Metals Ltd. has announced the first results from its 2024 drilling program at the Ana Paula project in Guerrero, Mexico. The results indicate the potential for expanding the High Grade Panel by over 115m down plunge and discovering new zones of gold surrounding the main panel. The company plans to drill 2,600 metres in Phase One and follow up with a second phase of 2,400 metres. The focus of the program is on extending the High Grade and Parallel Panels to the west and testing the down-dip extension of the High Grade Panel.
Rua Gold Announces Siren Shareholders Vote to Approve Acquisition of Reefton Resources Pty Limited
Vancouver-based Rua Gold Inc. announced that its proposed acquisition of Reefton Resources Pty Limited has been approved by Siren Gold Ltd.'s shareholders. Reefton, a fully owned subsidiary of Siren, has tenements next to Rua Gold's properties in New Zealand's Reefton Goldfield. The acquisition is expected to complete in November 2024, subject to final approval from the TSX Venture Exchange and customary closing conditions. The merger aims to create a large-scale exploration opportunity covering some of the highest-grade gold and antimony assets in the world, with the combined company benefiting from local teams and Siren's chairman joining Rua Gold's board.
RETRANSMISSION: Cruz Announces Record Date of October 29th for Spin-Out of Hector Silver-Cobalt Project
Cruz Battery Metals Corp. has entered into an agreement with its subsidiary, Makenita Resources Inc., to transfer all its rights and interests in the Hector Silver-Cobalt Project to Makenita. The Hector Property consists of 126 contiguous unpatented mineral claims totaling 2,243 hectares. The company also intends to distribute all the securities of Makenita received for the Hector Property to Cruz's shareholders on a pro rata basis. The record date is set for October 29, 2024, and shareholders of record on this date will receive free shares of Makenita without any additional cost.
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Blue Star Announces Second Tranche Issuance of Shares Pursuant to Loan Agreement
Blue Star Gold Corp., a mineral exploration and development company based in Vancouver, has announced the issuance of 98,451 common shares at $0.45 per share. This represents the second tranche of shares owed to Dr. Georg Pollert, a director and controlling shareholder of the company, as part of a renewal agreement related to a $2,537,434 loan. The loan has a three-year term and bears 3% annual interest. A total of 295,354 shares will be issued to Dr. Pollert in three tranches, with the final tranche due by October 25, 2025. The shares are subject to a four-month plus one day hold period under Canadian securities laws.
Indigo Enters into Loan Agreements
Indigo Exploration Inc. has secured loan agreements totaling $170,000, which will be used for exploration work on its Hot Property and for general capital purposes. The loan, with a 10% per annum interest, is due to the lenders within 12 months, and the company has also agreed to issue 680,000 bonus shares to the lenders at $0.05 per share. Two of the lenders are company directors loaning $10,000 each, which is considered a "related party transaction" but is exempt from certain requirements due to its value not exceeding 25% of the company's market capitalization.
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