Pegasus Resources' CEO, Chris Timmins, joined Steve Darling from Proactive to share significant developments in the company's exploration efforts. Timmins announced that Pegasus has engaged Dahrouge Geological Consulting to complete a preliminary geological model based on extensive geological mapping and sampling conducted at the Company's Energy Sands project located in Utah. This collaboration marks a pivotal step in Pegasus' strategy to advance its understanding and development of the Energy Sands project.
Timmins elaborated on the successful outcomes of the recent ground program. The program provided a comprehensive geological map that includes a detailed analysis of lithologies, geological structure, mineralization styles, and controls. It also confirmed the presence of ...

Mayfair Gold Corp. announces that it has received notices from all Terminating Employees except Patrick Evans, that they have rescinded their Terminating Notices , will continue their employment relationship with the Company and direct that their respective portions of the Change of Control Payment , totaling approximately $2.47 million, be returned to the Company from trust. Terminating Employees and Change of Control Payments As previously disclosed by the Company, on May 1, 2024, Patrick Evans , Justin Byrd , Howard Bird and certain other employees delivered notices to the board of directors of the Company terminating their respective employment agreements pursuant to change of control provisions in their respective employment agreements. On May 6, 2024, the Company, havin...

Miata Metals Corp. is pleased to announce its proposed entry into Suriname, part of the prolific Guiana Shield, through the execution of a non-binding letter of intent with arm's length party, 79North Inc. pursuant to which Miata proposes to acquire all of the issued and outstanding shares of 79North . Suriname contains a highly prolific gold endowment associated with greenstone belts of the Guiana Shield. It is home to multiple producing gold mines and mature development projects, despite being relatively under-explored compared to other South American and West African countries in the Guiana/West African Shield. 79North currently holds an interest in the 21,929 ha. Sela Creek gold project , and the 21,076 ha. Nassau gold project , both located in southern Suri...

Loyalist Exploration Ltd. announces that on June 4, 2024, it signed a Letter of Intent to amalgamate with Millbrook Minerals Inc. , a private company incorporated under the Canada Business Corporations Act, and its intention to complete an initial private placement of up to $350,000 . Millbrook is the 100% owner of three mining properties known as Springdale, Hungry Hill and Rolling Pond located in the Canadian Province of Newfoundland and Labrador . The LOI requires the Company to pay Millbrook $50,000 cash upon closing of the Offering. The cash payment will be used for immediate exploration activities on the Properties. The LOI provides that the Millbrook shareholders will initially receive 200,000,000 common shares in the resulting amalgamated company and the Loyalist shar...

Arizona Gold & Silver Inc.?? is happy to announce that the US Bureau of Land Management has provided the requisite approval for the Company to proceed with exploration drilling on the Red Hills gold target on the Philadelphia Gold-Silver property, Arizona. The Company had been awaiting a BLM Record of Decision and Finding of No Significant Impacts . The approval of the proposed exploration plan will allow the Company to upgrade two access roads and build two drill pads and sumps for drilling up to 40 exploration holes to test the continuity of mineralized rock that was intersected on patented claims on the western edge of the Red Hills target. Investors can refer to press releases dated January 24, 2023, and February 7, 2023, available on the Company's website. Mr. Greg Hahn,...

Homerun Resources Inc. is pleased to provide an update to the previously announced 2,000-meter auger drill program at the Belmonte high-purity silica deposit in Belmonte, Bahia, Brazil. The program commenced on May 22nd, 2024, as scheduled. The contractor began drilling with one mechanical auger rig and one team and added a second team and mechanical auger rig on the 27th of May. The technical qualification of the drilling team and the quality of the equipment have been evaluated by Homerun's technical team, and they meet the Company's standard. All workers wear a full set of PPE's, the rigs are well maintained, and procedures are strictly followed. Map of the auger drilling program to May 30 2024 To view an enhanced version of this graphic, please visit: https://images.newsf...

Company continues to expand its Near Surface High-Grade Copper, Platinum, Palladium, Gold and Silver Zone 5km Northeast of its Main Nisk Deposit Power Nickel Inc. is pleased to announce high-grade multi-elements assay results for holes PN-24-056 to PN-24-059 . Highlights: 1 Ounce = 31.1 g/t and 1 Metre = 3.28 Feet PN-24-059 returned: 17.25 m of 0.66 g/t Au, 27.20 g/t Ag, 3.33% Cu, 2.04 g/t Pd, 1.49 g/t Pt and 0.18% Ni Including: 5.59 m of 1.91 g/t Au, 73.48 g/t Ag, 9.88% Cu, 6.23 g/t Pd, 4.56 g/t Pt, and 0.49% Ni with: 3.01 m of 0.86 g/t Au, 110.5 g/t Ag, 13.92% Cu, 8.55 g/t Pd, 7.69 g/t Pt, and 0.48% Ni PN-24-058 returned: 8.27 m of 0.19 g/t Au, 7.12 g/t Ag, 0.64% Cu, 3.43 g/t Pd, 0.84 g/t Pt and 0.25% Ni Including: 5.20 m of 0.15 g/t Au, 10.18 g/t Ag, 0.90% Cu, 4.84 g/t Pd,...

Lion One Metals Ltd. is pleased to report the start of mechanized production at Tuvatu and reports significant new high-grade gold results from Zone 5 infill and grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji. Mechanized production mining has commenced at Tuvatu. The first remote bogging at Tuvatu occurred on May 16th, and the first long hole stope blast occurred on May 18th. Both are also firsts for the country of Fiji. This is a major milestone for the company as it represents the transition from predominantly development mining to predominantly production mining. The processing plant can now also sustainably process over 400 TPD, which is above the plant's name plate capacity of 300 TPD. The increased throughput is possible due to the success...

Stakeholder Gold Corp. is pleased to announce the closing of a non-brokered private placement financing , raising gross proceeds of $1,700,000 CAD through the issuance of 1,700,000 Units at $1.00 per Unit. Each Unit consists of one common share priced at $1.00 per Common Share, and one half of one common share purchase warrant . Each whole Warrant entitles the holder to purchase one additional Common Share at $1.50 for a period of two years from the closing of the Private Placement. Each whole Warrant has an early exercise provision that allows the Company to trigger exercise of the Warrant when the 10-day average price of Common Shares traded on the TSX Venture Exchange exceeds $3.00 per share. Thirty days after the trigger date, any unexercised Warrants will be deemed to be...

Yukon Metals is very pleased to announce the appointment of Helena Kuikka as Vice President, Exploration and Monica Hamm as Vice President, Investor Relations. Helena Kuikka is a Professional Geoscientist who brings 15 years of comprehensive experience in the mineral exploration and mining industry in precious and base metal projects. Her expertise spans Yukon focused exploration strategies, geologic modelling and the management of both road-accessible and helicopter-supported exploration projects. Notably, Ms. Kuikka has worked on a variety of deposit styles including Ag-Pb-Zn vein, Pb-Zn Sedex, Intrusion Related Gold Systems, Tungsten Skarns, and high-grade Au. With a proven track record in geological assessments and due diligence processes, Helena has provided technical expertise to multiple prospective M&A initiatives.

Forge Resources Corp. is pleased to announce the completion of the first 2024 planned drill hole at Alotta, showing porphyry style mineralization. The continuation of the Phase 1 drilling program is on schedule. Hole ALT-24-001 has now been completed with diamond drilling to a depth of 402 metres. Hole ALT-24-002 is now underway and is also located in the Payoff Zone area. Hole ALT-24-001 located at proposed drill site PDH-001 and the first hole to drill test the Payoff Zone. The hole azimuth/dip: 135 / -50 degrees and final depth of 402 metres tested underneath Payoff Zone, where strongly anomalous rock samples were sampled over a 200 x 300 m area. Visually, ALT-24-001 appears to have a higher concentration of pyrite stringers than what was observed in two November 2023 dril...

Peloton Minerals Corp. is pleased to announce that it has closed the second, and final tranche, of an over-subscribed financing with total proceeds of $1,022,518 . The Financing was over-subscribed by 70% from the original $600,000 sought. The Company intends to use the proceeds to fund its summer exploration program and for working capital. The exploration program funded by this financing is designed to discover lateral areas of elevated lithium in clays within Peloton's 35 square kilometer North Elko Lithium Project in northeastern Nevada. The program includes geochemical sampling across the entire property, detailed geologic mapping, spectrometer prospecting, XRD minerology analysis, and an airborne geophysical survey including Magnetics, Radiometrics, and Matrix Digital V...

June 5th,2024 - Juggernaut Exploration Ltd. further to its May 24th, 2024 news release, Juggernaut is pleased to report that it has filed with the TSX Venture Exchange for final approval of the institutionally supported oversubscribed flow-through private placement financing for aggregate gross proceeds of $3,799,613.49. Crescat Capital will now have 13,828,386 shares of Juggernaut Exploration Ltd. The use of funds from this financing will be to drill ~5000 meters on Juggernaut's 100% controlled Bingo and Midas properties, targeting prolific high-grade Copper and Gold at the surface. Dr. Hennigh stated, "Very promising results from 2023's maiden drill program confirmed strong potential for "Surebet" style intrusive-related gold-base metal lodes at Bingo. In addi...