Mining News Releases & Company Updates - Page 61
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Honey Badger Silver Announces Closing of First Tranche of Non-Brokered Private Placement Raising Gross Proceeds of Approximately $2.013 Million
Honey Badger Silver raised $2.013M via private placements to fund exploration in Canada’s northern territories.
Dios Sells K2 to Azimut
Dios explores gold at its Heberto-Gold project; sells K2 property to Azimut for cash and shares, retaining a royalty. Focus on discovering a world-class gold deposit.
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Excellon Announces Appointment of Mike Hoffman to Board of Directors and Provides Corporate Update
Excellon Resources appoints mining veteran Mike Hoffman to its Board to enhance governance and support growth and production strategies.
Arya Resources Ltd. Engages CHF Capital Markets Inc.
Arya Resources partners with CHF Capital Markets for 12 months to boost investor relations, marketing, and capital markets advisory, with an option for share purchase.
Nevada Organic Phosphate Announces Stock Option Grant and Compensation Shares Issuance
Nevada Organic Phosphate granted stock options and issued shares as bonuses, including a related party transaction, to key personnel.
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Capitan Silver Announces Closing of C$5.3 Million Private Placement
Capitan Silver Corp. closed a private placement, issuing 13.25 million units at $0.40 each for $5.3 million, led by Jupiter Gold & Silver Fund, acquiring 9.8% of shares. Insiders participated, and exemptions from MI 61-101 rules were applied. Each unit includes a share and a warrant.
Carmanah Acquires Heritage Gold-Silver Project, Unlocking a Largely Overlooked District in Newfoundland
Carmanah Minerals Corp. has signed an option agreement to acquire the Heritage Project, a significant gold-silver asset in Newfoundland's Burin Peninsula. This underexplored district offers high-grade mineralization potential and aims to be a major discovery in the region.
InZinc Discovers New Anomaly Supporting Extension of Near Surface Mineralization at Indy Sedex Project, Central BC
InZinc Mining Ltd. reports a new soil anomaly, the Hilo anomaly, located east of the B-9 Zone at the Indy Sedex project in British Columbia, indicating potential mineralization expansion. The project correlates with the prolific Selwyn Basin, enhancing its significance.
Rain City (RAIN) Announces Financing
Rain City Resources Inc. announces a private placement of up to 6.67 million shares at $0.075 each, raising up to $500,000 for operational expenses, third-party analysis, and project discussions in Chile and Argentina.
Northstar Drills +500 Metre Conductive Stratiform Sulphide-Gold Horizon at Miller Copper-Gold Property
Northstar Gold Corp. announced partial results from its diamond drill program at the Miller Copper-Gold Property. Drilling revealed significant stratiform gold-sulphide horizons, with promising gold and zinc concentrations, indicating potential for further exploration.
Lion One Confirms Warrant Listing
Lion One Metals Limited has received TSX Venture Exchange approval for the listing of 25,367,647 share purchase warrants from a recent public offering. The warrants, priced at C$0.41 per share, will trade under "LIO.WT.A" starting February 26, 2025.
Homerun Resources Inc. Preliminary Mineral Resource Estimate Belmonte Silica Sand District
Homerun Resources Inc. announced a preliminary Mineral Resource Estimate of high-purity silica sand in Bahia, Brazil, revealing 25.56 Mt measured and 38.35 Mt inferred resources. The MRE was derived from extensive drilling, confirming the resource's continuity and quality.
Riverside Resources Receives Conditional TSX-V Approval for Spin-Out of Ontario Gold Projects and Engages ICP Securities Inc. for Automated Market Making Services
Riverside Resources Inc. has received conditional approval for the spin-out of Blue Jay Gold Corp., set for a shareholder vote on March 31, 2025. This move aligns with strategic goals and offers shareholders potential benefits similar to a previous spin-out.
Gossan Resources Completes Sale of Bird River Claims
Gossan Resources Limited has completed the sale of its Bird River Property to Grid Metals Corp, receiving $500,000 cash, 1.5 million shares, and additional cash payments over two years. Gossan retains a 2% royalty on minerals produced and a deferred payment upon commercial production.
KO Gold Provides a Further Update on its Drilling Plans for its Exploration Permits in the Otago Gold District of New Zealand
KO Gold Inc. is updating its drilling plans in New Zealand's Otago Gold District, focusing on high-grade gold discovery in the Carrick Goldfield and testing extensions of the Hyde-Macraes Shear Zone. The program includes up to 31 drill holes across several exploration permits.
Founders Metals Closes C$2.6M Financing with B2Gold
Founders Metals Inc. has closed a C$2.6 million investment from B2Gold Corp. for 484,239 shares at C$5.30 each. The funds will support exploration at the Antino Gold Project and general corporate needs. B2Gold is also required to purchase additional shares.
Silver47 Announces Upsize of its Non-Brokered Private Placement to $8 Million
Silver47 Exploration Corp. has increased its non-brokered private placement due to high investor demand, offering up to 15 million units at $0.50 each and 877,192 flow-through units at $0.57 each. Proceeds will fund exploration in Alaska and British Columbia.
Andean Precious Metals Appoints President of the Company
Andean Precious Metals Corp. appointed Yohann Bouchard as President. With over 25 years in mining, he aims to enhance operational efficiency and shareholder value, while overseeing mining operations and contributing to the company's growth strategy.
Transatlantic Mining to Commence Resource Drilling at Historic Miller Gold Mine, Montana
Transatlantic Mining Corp. is set to begin resource definition drilling at its Miller Gold Mine project in Montana, having received a drill permit. The company plans to drill 3,000 meters targeting deeper zones, with assay results expected in 6-8 weeks.
Western Exploration Expands Exploration Footprint at Gravel Creek with 3.0 km Untested Structural Corridor at the Past Producing Wood Gulch Mine
Western Exploration Inc. has identified a new exploration target zone along the Tomasina Fault system, west of Gravel Creek, which offers significant resource expansion potential. The area shows similarities to Gravel Creek and will be a focus for drilling in 2025.
International Lithium Provides Update on Avalonia Project
International Lithium Corp. has cleared Canadian regulatory hurdles for selling its interest in the Avalonia project to Ganfeng Lithium. The transaction proceeds as planned, with no objections from the government. The company also plans a share placement to fund exploration in Canada and Zimbabwe.
Endurance Summarizes Antimony Results from the Reliance Gold Project, BC - Best Intervals include 19.2% Antimony and 2.16 GPT Au Over 0.5 m in 2024 Drilling
Endurance Gold Corporation reports antimony assay results from its Reliance Gold Project in British Columbia, highlighting the addition of antimony analysis alongside gold. The company has conducted extensive drilling and sampling since 2020, recalculating assay composites to include antimony.
Omai Gold Drills 1.0 g/t Au over 774m at Gilt Creek, Including 2.0 g/t Au over 64m and 1.9 g/t Au over 48m
Omai Gold Mines Corp. announced positive assay results from its first drill hole at the Gilt Creek gold deposit in Guyana, intersecting 774m of gold mineralization and extending it 200m laterally. The results include notable gold grades, indicating significant potential.
West Point Gold Infill Sampling Significantly Expands Mineralized Zones; GC24-30 to 89.5m of 1.08 g/t Au and GC24-32 to 51.16m of 1.21 g/t Au
West Point Gold Corp. announced positive infill sampling results from the Tyro Main Zone, indicating wider and more continuous mineralization than expected. Notable findings include hole GC24-30 reporting 89.50m of 1.08 g/t Au and GC24-32 reporting 51.16m of 1.21 g/t Au.
Denarius Metals Announces Update on Its Previously Announced Private Placement
Denarius Metals Corp. announced an amended offering document for a private placement offering of up to CA$15 million, with sales under specific exemptions in Canada (excluding Québec). The offering does not include U.S. sales or registrations.
Ivanhoe Mines Announces Makoko Discovery Extended to over 13 Kilometres of Strike Length
Ivanhoe Mines announced significant exploration developments at the Makoko and Kitoko deposits in the DRC, including a new 300 km² licence area and a $75 million budget for 2025. Drilling confirmed high-grade copper mineralization, expanding the Makoko district's strike by 20%.
Ivanhoe Mines and Kamoa Copper Strengthen Executive Leadership Teams with Key Appointments
Ivanhoe Mines announces key executive appointments: Marna Cloete is named President & CEO, Annebel Oosthuizen becomes Managing Director of Kamoa Copper, and Tom van den Berg joins as Senior Executive, Operations. These changes aim to strengthen leadership at Ivanhoe and Kamoa-Kakula.
ATEX Extends High-Grade Porphyry Trend Intersecting 220 Metres of 1.00% CuEq Within Broader Intercept with Remaining Assays Still Pending
ATEX Resources Inc. announced updated partial assay results from its Valeriano Copper Gold Project in Chile, highlighting significant copper equivalent intersections in drill holes ATXD16B and ATXD23A. Further assays are pending, with ongoing exploration promising potential for high-grade mineralization extensions.
Purepoint Uranium Reports Results from Tabbernor Project Geophysical Survey
Purepoint Uranium Group Inc. announced positive results from a FALCON gravity survey at the Tabbernor Project in Saskatchewan, identifying three key exploration zones with potential for uranium mineralization. Follow-up geological work and drilling are planned for 2024.
Dryden Gold Announces Exploration Drill Permits issued for Gold Rock Camp
Dryden Gold Corp. has received exploration permits from the Ontario Ministry of Mines for drill testing at the Gold Rock Camp, enabling a 15,000-meter drill program targeting high-value areas, including the Elora Gold System and Mud Lake, to enhance exploration efforts.
Argyle Resources Corp. Announces Closing of Second Tranche of Private Placement Offering
Argyle Resources Corp. has closed a second tranche of a non-brokered private placement, raising $126,000 by issuing 300,000 units at $0.42 each. Proceeds will fund mineral exploration and working capital. Securities are subject to a hold period and not registered in the U.S.
WATCH NAK Presentation by Lead Geo Neil Prowse; American Eagle Gold Provides PDAC Schedule
American Eagle Gold Corp. will exhibit at PDAC 2025 from March 2-5, showcasing its NAK project in British Columbia, which has revealed significant copper-gold mineralization. CEO Anthony Moreau will present at the event on March 2 and 3.
Torex Gold Reports Excellent Drill Results from Media Luna West and Initial Results from Media Luna East
Torex Gold Resources Inc. reports promising drilling results at Media Luna East and West, indicating high-grade intercepts that support their exploration strategy to enhance the Morelos Complex's production. The company plans extensive drilling and resource estimation through 2025.
Blackrock Silver Steps Out and Hits Multiple +1 kg/t AgEq Intercepts in First Assays from Resource Expansion Program at Tonopah West
Blackrock Silver Corp. reports high-grade vein discoveries in its Tonopah West project, with assays indicating significant gold and silver values. A resource expansion program is planned to potentially increase resources by 30-50%, with additional drilling to refine results.
Borealis Files Final Short Form Prospectus in Connection with $10 Million Bought Deal Offering
Borealis Mining Company has filed a final short form prospectus to distribute 17,857,150 units at C$0.56 each, aiming for gross proceeds of C$10 million. The offering is set to close around February 26, 2025, pending regulatory approvals. The prospectus is available on SEDAR+.
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