Rackla Metals Inc. announces that it has completed the follow-up drill program at both the HIT and the Peak targets within the Astro Plutonic Complex . At HIT the aim of the follow-up program was to attempt to vector towards higher grades from the broad low grade sheeted vein zones intercepted in the 2023 program, testing the area to the SE and NW, and below 2023 holes HIT-003 and HIT-004. Unfortunately, the step out drilling returned much weaker sheeted veining in the intrusive core and while full results are not yet returned, further drilling is not justified on the target at this point. A photogrammetry survey and extensive surface sampling and mapping program have been completed this year. The results of this work will be combined with the airborne geophysics flown in 202...

West Red Lake Gold Mines is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. The drill results featured in this news release are focused on the high-grade Austin and McVeigh Zones. The Austin Zone currently contains an Indicated mineral resource of 914,200 ounces grading 6.9 grams per tonne gold , with an additional Inferred resource of 104,900 oz grading 6.5 g/t Au. The McVeigh Zone currently contains an Indicated mineral resource of 79,800 oz grading 6.4 g/t Au, with an additional Inferred resource of 14,300 oz grading 6.9 g/t Au. The purpose of this drilling was definition within priority areas of Austin and McVeigh to continue building an inventory of high-confidence ounces to suppo...

Elysee Development Corp. is pleased to announce its unaudited financial results for the three and six months ended June 30, 2024 . All dollar amounts are in Canadian funds. During the six months ended June 30, 2024, the Company had net investment earnings of $163,709 compared to a loss of $223,818 during the same six-month period a year prior. After deducting general and administrative expenses of $227,072 the Company incurred a net and comprehensive loss for the six months ended June 30, 2024, of $63,363 . This compares to a net loss of $502,222 incurred during the same six-month period a year earlier. Net Asset Value as of June 30, 2024, was $0.40 per share, with cash on hand in excess of $2.3 million. During Q2 2024 the value of the portfolio was negatively impacted by the...

Endeavour Silver Corp. reports the trunnion on the primary ball mill at the Guanacevi mill has failed and could take up to 12 weeks to replace. As a result, processing of material at the Guanacevi mill has been suspended. Management is assessing several alternatives including operating at a significantly reduced capacity with minor conveyor modification using smaller regrind mills until the primary ball mill is operational. This downtime will impact Q3 production and is expected to impact annual production and cost guidance. Management is conducting an evaluation and analysis this week and will provide an update as soon as its assessment is complete. About Endeavour Silver - Endeavour is a mid-tier precious metals company with a strong commitment to sustainable and responsible...

Western Copper and Gold Corp. through its wholly-owned subsidiary, Casino Mining Corporation has submitted to the Yukon Environmental and Socio-Economic Assessment Board Executive Committee an updated and refined schedule for submission of the Environmental and Socio-economic Effects Statement for the Casino Mine Project. The ESE Statement will form the basis for the Company's assessment application for the Panel Review and will include all the material outlined in the Revised ESE Statement Guidelines issued on September 12, 2023. In the schedule, Casino indicates that it plans to submit the ESE Statement in or around July 2025, which is an update from the previously estimated submission date of the second half of 2024. Ongoing detailed review of the guidelines during the wint...

Ophir Metals Corp. is pleased to announce it has collared the first drill hole of its inaugural drill program at the Pilipas Lithium Property , located in the Eeyou Istchee James Bay region, Quebec. The Project is located proximal to existing hydroelectric power that flanks the Property to the east, and an all-season road that crosses the western side of the Property. Drilling has commenced at the Pilipas Lithium Property, with one drill rig focused on initial drill testing of the HW1 Spodumene Pegmatite, discovered during surface exploration this summer . The primary objective of the 2,000 m drill program is to test the HW1 Spodumene Pegmatite at depth and along strike, following up on encouraging grab sample assays from the recently completed surface program, which returned...

Dryden Gold Corp. is pleased to provide an update on its Phase 5 drill program at its Gold Rock Project, Dryden Ontario. Highlights: Visible gold has been observed multiple times in the recently completed diamond drill hole KW-24-017 focused on the Elora area of the Gold Rock Project . Hole KW-24-017 was designed as a follow up hole down-plunge from hole KW-24-008 completed in Q1 of 2024 by Dryden Gold which returned 14.10 g/t gold over 7.54 meters . Hole KW-24-017 intercepted the Elora mineralized zone approximately 30 meters deeper and 45 meters along strike from hole KW-24-008. The true depth is approximately 165 meters from surface. The mineralized zone appears to be of similar width to KW-24-008 and visible gold has been observed multiple times in the un-cut core. The Ph...

Barrick Gold Corp. today reported increased earnings and production for its second quarter, in line with guidance, and said the Company was on track for a strong second half of the year. Net earnings1 were up 25% and the attributable EBITDA margin2 was up 17% quarter on quarter to 48% with strong operating cash flows of $1.16 billion and a material increase in free cash flow3 to $340 million. Net earnings per share were up 24% to $0.21, adjusted net earnings per share3 increased by 68% to $0.32, and the quarterly dividend was maintained at $0.10 per share. President and chief executive Mark Bristow said while steering the Company towards the achievement of its 2024 guidance, management was also maintaining its focus on value creation and growth. Key projects designed to boost p...

Highlight new results: 22.6 g/t Au over 7.1 m, 15.8 g/t Au over 15.8 m, 10.4 g/t Au over 38.8 m & 11.0 g/t Au over 20.6 m i-80 Gold Corp. is pleased to announce high-grade results from the ongoing 2024 underground drilling program at the Company's 100%-owned McCoy-Cove Property located in Lander County, Nevada. The ongoing program continues to intersect high-grade zones of mineralization in the multiple horizons that make up the Cove deposit. The new results from the Helen and CSD Gap Zones compliment previously released intercepts from the 2023 program that returned up to 22.6 g/t Au over 19.1 m in hole iCHU23-37, 32.9 g/t Au over 14.9 m in hole iCHU23-38 and 23.5 g/t Au over 12.8 m in hole iCHU23-39 . A complete summary of new results is provided in Table 1. Highlight new r...

Barrick Gold Corp. today announced the declaration of a dividend of $0.10 per share for the second quarter of 2024. The dividend is consistent with the Company's Performance Dividend Policy announced at the start of 2022. The Q2 2024 dividend will be paid on September 16, 2024 to shareholders of record at the close of business on August 30, 2024. In addition to the dividend, Barrick repurchased 2.95 million shares during the second quarter under the $1 billion share buyback program that was announced in February 2024. "The continued strength of our balance sheet and our world class gold and copper asset base allow us to distribute a robust quarterly dividend while maintaining ample liquidity to invest in growing our business. Additionally, we took the opportunity to buy back st...

Successful completion of strategic review process for Kincora's Mongolian assets has resulted in a binding Earn-In Term Sheet with Woomera Mining Ltd. for the Bronze Fox copper-gold project Woomera has the right to spend up to US$4 million over a period of 5 years to earn a 80% interest and may elect to then: purchase the remaining 20% interest from Kincora for US$10 million cash consideration and a 1% Net Smelter Royalty ; or, enter into a shareholders agreement whereby Kincora is free carried until the point of a Final Investment Decision for project development Woomera is a well credentialed partner with a highly successful team and strong shareholder register, and will conclude a A$2 million raising via a strongly supported placement and proposed Share Purchase Plan to su...

MELBOURNE, Aug 12, 2024 - - Kincora Copper Limited is pleased have executed the Agreement that outlines the terms which Woomera, an arms length and unrelated party to Kincora, may earn into the Company's wholly owned Mongolian subsidiaries and thereby obtain exposure to the Company's Bronze Fox copper-gold project, located in the world-class and rapidly emerging Southern Gobi copper belt.Cameron McRae, Chairman of Kincora, and Sam Spring, President and CEO stated,"Woomera has a mandate for large scale new discovery opportunities backed by a team and shareholder register with very considerable prior successes. They are a well motivated and funded partner looking get drilling from September with a high impact program. This transaction realises Kincora's strategic objectiv...

GPM Metals Inc. last week presented the 2024/2025 exploration work program to Traditional Landowners at a meeting convened by the Northern Land Council. We are pleased to announce that the Traditional Owners have approved this program which includes on ground works and a diamond drilling program of up to 30 holes. We thank the Northern Land Council for facilitating this meeting and the Traditional Owners for their time and consideration. The drill program is designed to test several large, coincident, gravity, radiometric and geochemical anomalies, which are indicative of the giant polymetallic gossan systems located on the Eastern Australian Cratonic Edge such as MacArthur River, Century and Mount Isa. GPM will mobilise its geology team in the coming weeks to establish a wor...