Mining News Releases & Company Updates - Page 47
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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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Transition Metals and Aurum Lake Mining Provide Update on Homathko Gold Project
Transition Metals Corp and Aurum Lake Mining Corp provided an update on the Homathko Gold Project, confirming gold mineralization and identifying new targets, including Morris South and East Copper. Both companies express optimism about the project's advancement.
Peak Minerals Closes Acquisition of 1494741 B.C. Ltd.
Peak Minerals Ltd. has acquired a 100% interest in 1494741 B.C. Ltd., gaining access to the Tapanahony Project in Suriname, which includes significant gold exploration potential. The company issued 6 million shares valued at $1.5 million as part of the acquisition.
Q Precious & Battery Metals Corp. Begins Access Construction for Diamond Drilling La Corne South Project, Val d'Or Quebec
Q Precious and Battery Metals Corp. has started construction of access and drill pads for the La Corne South project in Quebec, preparing for diamond drilling to test geophysical targets. Drilling, contracted to First Class Diamond Drilling Inc., begins next week.
Val-d'Or Mining Exploration Update on Perestroika Prospect, Quebec
Val-d'Or Mining Corporation has launched a 5,000 metre diamond drilling program on the Perestroika Prospect in Québec, under Eldorado Gold's operation, aiming to follow up on previous gold findings and explore additional mineralization structures.
Thunder Gold Engages Independent Trading Group to Provide Market-Making Services
Thunder Gold Corp. has engaged Independent Trading Group to provide market-making services to enhance liquidity for its shares on the TSX Venture Exchange. The agreement, costing CAD$5,000 monthly, is subject to regulatory approval and can be terminated with notice.
Myriad Uranium Reports Chemical Assays on 20 Copper Mountain Boreholes. Confirmed U3O8 Grades Are 20% Higher on Average than Previously Reported Gamma Grades. Assays also Reveal the Presence of Extensive Uranium Mineralisation That Could Not Be Detected by the Probe, with Potential Positive Implications for Historical Estimates. Large Number of Additional Intervals to Be Sent for Assay
Myriad Uranium Corp. reports high-grade uranium assay results from 20 boreholes at the Copper Mountain Project in Wyoming, showing U3O8 grades averaging 20% higher than previous gamma probe results. This indicates significant mineralization and potential project implications.
Fuerte Metals Hits 6.4 g/t AuEq over 1.9m and 6.2 g/t AuEq over 2.6 m at Its Cristina Project, Chihuahua, Mexico
Fuerte Metals Corporation announced results from ten diamond drilling holes at its Cristina project in Mexico, totaling 10,314 meters drilled so far. Highlights include significant gold and silver grades from the Guadalupe and Mexico Libre vein systems, aiding resource definition.
Kenorland Commences 2025 Winter Drill Program at the Hunter Project, Quebec
Kenorland Minerals Ltd. has launched its first diamond drill program at the Hunter Project in Quebec, approved by Centerra Gold Inc. The program aims to drill 4,300m to explore geochemical anomalies identified since 2021, with activities concluding in early April 2025.
Founders Metals Hits 72.0 m of 2.29 g/t Gold at Van Gogh; Extends Mineralization from Surface to 200 m Vertical Depth
Founders Metals Inc. reports promising assay results from drilling at the Van Gogh site within its Antino Gold Project in Suriname, revealing significant gold mineralization. The company plans to prioritize exploration in new areas to enhance shareholder value.
Teako Closes Oversubscribed Private Placement, Welcomes Norwegian Family Office as a Significant (>10%) Shareholder Alongside Strong Participation from Existing Investors and Prominent Norwegian Investors
Teako Minerals Corp. closed a successful non-brokered private placement, issuing 14.8 million shares for $961,943, oversubscribed with support from existing and new investors, including a Norwegian family office. Insiders participated, exceeding 10% ownership.
Purepoint Uranium Commences Initial Drill Program Along Groomes Lake Conductive Corridor, Smart Lake JV Project
Purepoint Uranium Group Inc. announces the start of a drill program at the Smart Lake Joint Venture in Saskatchewan, targeting the high-priority Groomes Lake Conductive Corridor. The program will test four drill holes, totaling 1,400 meters, based on recent EM survey findings.
Silicon Metals Corp. Announces Private Placement of up to $950,000
Silicon Metals Corp. plans to conduct a non-brokered private placement of up to 19 million shares at $0.05 each, aiming to raise up to $950,000 for project advancement and working capital. The offering requires CSE approval and includes a four-month hold period.
Starcore Reports Positive Test Results on Processing of Carbonaceous Ore
Starcore International Mines Ltd. announces successful in-plant tests for processing carbonaceous ore at its San Martin mine, achieving over 80% gold and 63% silver recovery. They plan to increase processing capacity to 180 tonnes/day, enhancing cash flow.
AJN Resources Inc. Announces Private Placement Offering With a Lead Order by Palisades Goldcorp Ltd.
AJN Resources Inc. is conducting a non-brokered private placement offering of units at $0.12 each, aiming to raise at least $500,000. Proceeds will fund property acquisitions, exploration, and working capital. Each unit includes a common share and a warrant.
Zodiac Gold Announces Proposed New Debt Settlement, Completion of Prior Debt Settlement and Share Purchase Warrant Price Amendment
Zodiac Gold Inc. plans to settle C$243,210 in debt by issuing 3,474,429 common shares at C$0.07 each, pending approvals. This follows a prior settlement where 2,377,504 shares were issued for C$166,425.30, and includes amendments to warrant prices.
First Atlantic Nickel Comments on Recent Promotional Activity Pursuant to OTC Markets' Request
First Atlantic Nickel Corp. acknowledges promotional activities regarding its shares on the OTCQB, following a request from OTC Markets. The company is aware of newsletters discussing recent nickel discoveries and has engaged Think Ink for public relations services.
Phenom Announces $1,985,000 Closing of Over-subscribed Private Placement Financing
Phenom Resources Corp. has closed the third tranche of its over-subscribed private placement, raising $240,500 by issuing 962,000 Units. Total proceeds from all tranches amount to $1,985,000. Insider John Anderson participated by purchasing 100,000 Units.
Starcore Reports Q3 Results
Starcore International Mines Ltd. reported strong third-quarter results for the period ending January 31, 2025, with earnings from mining operations at $2.1 million and positive cash flow. The company anticipates increased metal production following successful ore tests.
Kuya Silver Announces Closing of First Tranche of Non-Brokered Private Placement
Kuya Silver Corporation has closed a first tranche of a non-brokered private placement, issuing 3,815,000 shares at CAD$0.25 each, raising CAD$953,750. An insider participated in the offering, and proceeds will be used for general working capital.
Lions Bay Appoints New Director
Lions Bay Capital Inc. has appointed Ryan Batros to its Board of Directors, bringing 17 years of financial services experience. CEO John Byrne expresses enthusiasm for Batros's contributions as the company seeks new investment opportunities in mining and clean technology sectors.
Bear Creek Mining Files NI 43-101 Technical Report for Mercedes Mine
Bear Creek Mining Corporation filed a Technical Report on its Mercedes gold and silver mine in Mexico, supporting updated mineral resource estimates. The report, prepared by Global Resource Engineering, shows no discrepancies with a prior news release.
Fairchild Gold Corp Announces Successful Completion of Transaction with Koba Resources Ltd.
Fairchild Gold Corp announced the successful completion of its acquisition of Koba Resources, enhancing its land position in the Goodsprings mining district. The deal includes a comprehensive database of geological data, supporting Fairchild's growth strategy and drilling timeline.
Besra Gold Inc. Releases: Half Year Audit Reviewed Financial Statements
Besra Gold Inc. has released its condensed interim financial statements for the six months ending December 31, 2024, and invites readers to view the complete announcement online. The company focuses on gold exploration in East Malaysia.
ARYA RESOURCES LTD Announces Changes to Board of Directors
Arya Resources Ltd announced the appointment of Peter K. Deacon and Andrew Cormier as Directors, with Cormier becoming the Audit Committee Chair after Lance Morginn stepped down. The company expresses gratitude for Morginn's contributions and highlights the experience of the new directors. Additionally, it granted 310,000 stock options to officers and directors.
Affinity Metals Corp. Announces Proposed Extension of Warrants
Affinity Metals Corp. plans to extend the exercise period of 6 million share purchase warrants from March 30, 2025, to March 30, 2028, at an exercise price of $0.05 per share, with other terms remaining unchanged.
GPM Metals Inc. Announces Grant of Options
GPM Metals Inc. has granted 2,900,000 stock options to its directors, officers, and consultants, exercisable at $0.10 per share until March 13, 2028, pending TSX Venture Exchange approval. For inquiries, contact CEO John Timmons.
Maritime Drills 19.9 gpt Gold over 17 Metres, Including 32.2 gpt Gold over 10 Metres at the Hammerdown Gold Project
Maritime Resources Corp. announces promising drill results from the Hammerdown Gold Project in Newfoundland, highlighting significant gold grades from various drill holes. The results support the vein model and identify additional mineralization for future mining.
Core Nickel Announces Change of Auditor
Core Nickel Corp. has changed its auditor from Deloitte LLP to Dale Matheson Carr-Hilton Labonte LLP at the company's request, effective March 10, 2025. The transition was approved by the board with no reported issues from the former auditor.
Canadian Critical Minerals Generates USD$185,000 in Revenue from Bull River Mine
Canadian Critical Minerals Inc. reported February 2025 revenues from selling mineralized material at the Bull River Mine, totaling USD$185,000 from 542 dmt shipped. Due to spring road restrictions, further shipments will pause until April, while sorting continues.
Minas Metals Announces Appointment of Chief Executive Officer and Chief Financial Officer and Changes to Board of Directors and Award Grants
Minas Metals Ltd. announces the appointment of Timothy Chan as CEO and Peter Rhodes as CFO to support strategic growth and a Change of Business towards technology and digital assets. Former CEO Jon Bey will remain on the board for a smooth transition.
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