Mining Intelligence Articles & Market Analysis - Page 155
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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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Decade Intersects 4.36 m of 2.69 % Copper and 23.7 g/t Silver
Decade Resources Ltd has reported on the first three holes of the 2024 drill program from the 1000m drilled on the Nobody Knows # 2 zone in Stewart, British Columbia. This zone is part of a larger project consisting of 52 mineral claims, all owned by Decade, and spans over 23,016.7 hectares. The mineralization is dominated by bornite, chalcocite, and malachite, with no significant gold but enriched in silver, fitting the model of a red bed type copper-silver mineralized system. The drilling successfully indicated strong mineralization to at least 100m depth. The first three holes showed varying levels of silver and copper.
QIMC Unveils Landmark Geophysical Survey Findings in its natural hydrogen Ville Marie project
Quebec Innovative Materials Corp. (QIMC) has announced successful results from non-invasive geophysical surveys in the St-Bruno-de-Guigues area of Témiscamingue. The surveys were carried out following the detection of high hydrogen soil-gas anomalies. The data from the surveys provides a detailed understanding of the geology and gas seepage dynamics in the area, which is critical for future exploration and development projects. QIMC partnered with the Institut national de la recherche scientifique (INRS) to use geoelectric tomography, a technique that allows for detailed subsurface geological mapping without the need for drilling.
Golden Spike Announces Mobilization of Drill to Gregory River Property
Golden Spike Resources Corp. has started mobilizing diamond drill equipment and crews for a program at the Gregory River copper-gold property in western Newfoundland. The program is expected to include about 14 holes, covering 3,000 meters, in various target areas. The company has already identified multiple high-priority targets based on a blend of geological, geochemical, historical, and magnetic data. All required permits have been secured and drilling will commence at the Steep Brook target. The company CEO, Keith Anderson, expressed excitement about the commencement of the project and promised to update shareholders with drilling results as they become available.
Independence Gold Announces Closing of $6,650,000 Non-brokered Private Placement
Independence Gold Corp. has closed its non-brokered private placement, issuing over 10 million units at $0.22 each and more than 20 million flow-through common shares at the same price. This raised total funds of $6,650,000. The company's CEO, Randy Turner, expressed satisfaction with the market support and announced a 7,500 metre drilling program set to start in November 2024. The funds raised also included cash finder's fees of $200,556 and over 853,000 non-transferable finders compensation warrants. Company insiders participated in the private placement on equal terms as non-insiders.
South Pacific Metals Congratulates K92 Mining on Significant Strike Extension at Arakompa and Discovery of Potential Thick High-Grade Zone
South Pacific Metals Corp., a gold-copper exploration company operating in Papua New Guinea, congratulated K92 Mining Inc. on its latest successful drilling results at Arakompa, which is near South Pacific's Anga Gold-Copper Project. K92's drilling led to a significant strike extension and discovery of a potential high-grade zone. Earlier, South Pacific completed its exploration program at the Irinke Prospect, located near Arakompa. The exploration identified significant structural features similar to Arakompa, with drilling targets now being assessed. South Pacific's Executive Chair, Michael Murphy, commended K92 on its growth and success in expanding its resource base.
Spanish Mountain Gold Revises and Upsizes Brokered Private Placement for up to C$6,500,000
Spanish Mountain Gold Ltd. has increased the maximum aggregate gross proceeds of its previously announced private placement from C$5,000,000 to C$6,500,000 due to strong investor demand. The revised offering is made up of up to 18,518,519 units at a price of C$0.135 each, up to 16,129,035 flow-through share units priced at C$0.155 each, and up to 7,500,000 flow-through units to be sold to charitable buyers at C$0.20 each. Red Cloud Securities Inc. is acting as the sole agent and bookrunner for the offering.
Omai Gold Drills 10.93 g/t Au over 7.5m, 3.19 g/t Au over 22.8m and 2.96 g/t Au over 19.4m at Wenot
Omai Gold Mines Corp. has announced positive results from its ongoing drilling project at the Omai gold project in Guyana. Since July 2024, the company has completed 17 diamond drill holes totalling 8,460 metres. Assays have been reported for six drill holes and six more are pending. Two drilling rigs are currently operational. The company plans to expand the drilling program, including the addition of a third drill rig, to speed up an updated Mineral Resource Estimate at Wenot in Q1 2025. Work on the Gilt Creek deposit has also begun and is expected to be included in an updated economic study in Q2 2025. The present 10,000 m drill program aims to advance the Omai project
Talon Metals Makes New Copper-Nickel Discovery in Michigan
Talon Metals Corp., a mining company, has discovered 99.92 meters of copper and nickel mineralization in its first drilling at the Boulderdash target in Michigan. The discovery is significant in the ongoing exploration efforts of the company as part of its 2024 exploration plan. The mineralized bedrock was found starting at a depth of 9.14 meters and included 48.00 meters grading 2.11% Copper Equivalent. The Boulderdash target was identified through field prospecting and is located close to the Eagle Nickel Mine, the only operating nickel mine in the U.S.
“Oil Looks Even More Attractive Than Gold Right Now” says Portfolio Manager Tavi Costa
Tavi Costa believes oil is currently more attractive than gold, anticipating higher commodity prices....
Joint Release - Kwanlin Dun First Nation and Gladiator Metals Corp.
The Kwanlin Dun First Nation (KDFN) and Gladiator Metals Corp. have entered into a Capacity Funding Agreement, marking a milestone in their relationship. The agreement supports KDFN's review and participation in consultation activities related to Gladiator's Whitehorse Copper Project within KDFN's traditional territory. It also formalizes the process for meaningful engagement, potential strategies to mitigate effects of the project, and Gladiator's commitment to fund KDFN's involvement. However, it does not imply KDFN's approval of the exploration activities. Both parties look forward to continuing their collaboration.
Scorpio Gold Drills 6.08 Grams per Tonne Gold over 9.4 Metres at the Consolidated Manhattan District
Scorpio Gold Corporation has announced strong results from its 2024 drilling campaign at the Manhattan District in Nevada, USA. Hole 24MN-007 confirmed mineralization associated with the Reliance Fault, while other holes suggest a potential to extend high grade mineralization within the district. The drillings show potential to connect high-grade gold mineralization from the Goldwedge Underground through the Echo Bay West and East Pits, with a strike length of approximately 1.8 km. The results support the company's belief in the significant potential for a large open pit high-grade gold resource in the Manhattan District. Further assay results are pending.
Core Nickel Announces Board Changes
Core Nickel Corp. has announced that Paul Reid and Marc Pais have been appointed to the Company's Board of Directors, replacing Shane Shircliff and Karen Lloyd. Paul Reid and Marc Pais, both co-founders and former executives at Arizona Metals Corp., have extensive experience in investment banking, capital raising, and mining research. The pair, now large shareholders at Core Nickel, expressed their confidence in the company's potential for exploring new nickel discoveries due to its prime location and strong geological team. The company is set to start testing various drill targets in early 2025.
Spark Energy Minerals Identifies Priority Targets and Accelerates "Boots on the Ground" Exploration at its Arapaima Lithium Project
Spark Energy Minerals Inc., an exploration company focusing on the discovery of battery metals in Brazil's Lithium Valley, is advancing its exploration program for spodumene rich pegmatites across a 64,359 hectare area. The company is leveraging data from previous government reports, saving significant time and costs. The exploration strategy includes stream sediment sampling, heavy mineral pan concentrates testing, geological mapping, and rock chip sampling. The company has divided its portfolio into Priority 1 and Priority 2 areas based on geological assessments and logistical considerations. The initial exploration phase will focus on the highest-ranked targets while collecting geochemical and geological data across the entire portfolio.
U.S. Debt Hits Crisis Point: Can BRICS Shift Power Away from the U.S. Dollar? - Adam Button
Jeremy Szafron interviews Adam Button on global markets, BRICS' influence, the U.S. dollar, and debt....
Roscan Gold Announces Debt Settlement
Roscan Gold Corporation has settled an outstanding promissory note of US$677,000 by issuing 10,371,667 common shares in the company at $0.09 per share. The vendor has agreed not to sell or dispose of more than 150,000 common shares on any one trading day without the company's consent. The securities have not been registered under the U.S. Securities Act and may not be offered or sold within the United States unless registered or exempt. Roscan Gold Corporation is a Canadian company focused on gold exploration and acquisition of gold properties in West Africa.
Rua Gold Responds to OTC Markets Request on Recent Promotional Activity
Rua Gold Inc. has been asked by the OTC Markets Group to address promotional activities related to its common shares. These activities, which include the distribution of four email newsletters, were part of advertising agreements signed with Gold Standard Media on April 15 and October 11, 2024. The newsletters discussed Rua Gold, its business, the economy, and the gold market. Rua Gold was aware of these promotional activities and paid for them through its engagement with Gold Standard. The company's relationship with Gold Standard and the compensation details were publicly disclosed in April and October 2024.
Auric Announces Letter of Intent with Central Uranium Resources
Auric Minerals Corp. has announced a non-binding letter of intent with Central Uranium Resources Corp. (CURC) to potentially acquire the company. CURC holds rights to the Route 500 Property in Newfoundland and Labrador. The proposed acquisition would involve Auric Minerals Corp. acquiring all of CURC's outstanding share capital in exchange for 12 million common shares and 4.5 million common share purchase warrants. Each warrant can be exercised at $0.20 for a period of 36 months. Completion of the acquisition is dependent on several conditions including due diligence, negotiation of definitive documentation, and required regulatory approvals. Further information will be provided once due diligence is completed.
NewOrigin Shareholders Approve Acquisition with Harfang Exploration Inc.
Shareholders of NewOrigin Gold Corp. have approved a business combination with Harfang Exploration Inc., with 99.38% of votes in favor. The arrangement involves Harfang acquiring all outstanding common shares of NewOrigin. The closing is expected in November 2024, pending approval from the Ontario Superior Court of Justice. Post arrangement, former NewOrigin shareholders will own about 20% of Harfang's common shares. NewOrigin shares will be delisted from the TSX Venture Exchange and the company will cease to be a reporting issuer upon the closing of the arrangement.
Westmount Minerals Focuses on Douay East Gold Project, Announces Director Resignation
Westmount Minerals Corp. has announced a strategic shift in its operations, now focusing solely on precious minerals assets, specifically the Douay East Gold Property located in Quebec. As part of this renewed focus, the company will terminate its non-core properties to concentrate on gold exploration. The Douay East property is within the Casa Berardi Deformation Zone, a prolific gold-producing region. Westmount has conducted extensive exploration programs and surveys on the property and is preparing for diamond drilling to test priority targets.
Besra Gold Inc: Appointment of Canadian Lawyers
Besra Gold Inc has engaged Canadian lawyers to defend the company in legal proceedings, as announced by the board of directors on October 23, 2024. This follows their previous announcement about the initiation of these proceedings on September 27, 2024.
Fairchild Gold Corp. Announces Significant Expansion of Its Land Position at Its Historic Copper Chief High-Grade Copper and Gold Mining Camp in Nevada
Fairchild Gold Corp. has expanded its Copper Chief Property by 74%, acquiring an additional 88 mineral claims, and increasing the total project land to 6.5 square miles. The property, a historic high-grade copper and gold mining camp, is located 35 km Southwest of Las Vegas, Nevada. The expansion was guided by ASTER satellite data analysis, which identified promising extensions of mineralization across the region. The company aims to unlock significant value from this historic mining camp and has already begun fieldwork for comprehensive geochemical analysis.
'The Game is Up' Manipulators Losing Control of Gold & Silver: Mario Innecco
Mario Innecco predicts gold and silver prices will surge as central banks lose control and discusses BRICS....
Big Red Mining Corp. Signs Option to Acquire 100% of Antimony 2.0 Property located In New Brunswick, Canada
Big Red Mining Corp. has agreed to acquire 100% ownership of the Antimony 2.0 Property in New Brunswick, Canada from Edge Exploration Inc. The property, which is approximately 35 square kilometers, has revealed high levels of antimony in soil samples and is relatively unexplored. The company plans to commence exploration work immediately, which includes the analysis of over 400 soil samples and 5 km of Induced Polarization surveying, to identify antimony drill targets to be tested in winter. The property is located near the Lake George Antimony Mine and has excellent access and hydro power availability.
Phenom Commences Drilling on Crescent Valley Gold Project, Nevada
Phenom Resources Corp. has begun drilling at its Crescent Valley Gold Project, located 22 km southwest of Carlin, Nevada. The project is believed to be at the core of the largest quartz vein system in Nevada and bears resemblance to the high-grade SLEEPER Mine. The site is characterized by hydrothermal breccias and veins indicating potential for gold deposits. Phenom also has a 100% interest in the Carlin Gold-Vanadium Project, home to North America's largest primary vanadium resource, and options on three gold projects.
Orestone Las Burras Project Overview and Exploration Plans
Orestone Mining Corp. has provided an overview of the Las Burras-Incahuasi project, which hosts two large porphyry copper-gold-molybdenum systems in Salta Province, Argentina. Despite limited exploration and no work in the area for over a decade, initial drilling has intersected copper-gold and molybdenum over intervals up to 300 meters. The project has not been adequately tested, but Orestone plans to carry out an Airborne Magnetotelluric survey over an 18 square kilometer area to define priority drill targets.
Nevada Organic Phosphate Murdoch Mountain Prospecting Permit to Be Approved, Subject to Providing Reclamation Bond Fee
Nevada Organic Phosphate Inc., a Vancouver-based company exploring for organic sedimentary raw rock phosphate in Nevada, has announced that its subsidiary, Nevagro, can now submit the Murdock Mountain Project Reclamation Bond Fee. This comes after the Deputy State Director for Energy and Minerals at the BLM Nevada State Office signed the Reclamation Bond Letter, allowing the company's drill program to commence. The company aims to be one of the only certified organic rock phosphate producers with large scale potential in North America, bolstered by increasing demand for organic fertilizers.
The Biggest Problem With Junior Mining, the Story of a Mine Builder, and a Different Copper Porphyry
Discusses junior mining talks, private placements' poor performance, and interviews with industry CEOs....
Gold's Next ‘Bullish’ Target as Silver Hits 12-Year High: Watch These Key Levels - Gary Wagner
Gary Wagner analyzes gold and silver market trends, forecasting price increases amid geopolitical tensions....
Debt Bomb Igniting Strongest Gold Bull Market in History
Jon Deluce sees a gold bull market ahead, with insights on mining stocks and copper's rise....
Oil Faces Long-Term Weakness Despite Geopolitical Risks, While Gold Outperforms - Roukaya Ibrahim
Jeremy Szafron interviews Roukaya Ibrahim on oil and gold market dynamics amid Middle East tensions....
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