Mammoth Resources Corp. CEO Thomas Atkins joined Steve Darling from Proactive to discuss the results of an internal study conducted by the company's geologists, which identified a target for further exploration at the Tenoriba gold-silver exploration property in Mexico. It's important to note that, in accordance with NI 43-101 standards, this target is conceptual in nature, and there is uncertainty whether further exploration will result in its delineation.
The study delineated exploration targets for each of the three gold-silver mineralized areas at Tenoriba, spanning a four-kilometer east-west trend: Carneritos, Masuparia, and Moreno.
Of particular interest is the potential for over 800,000 gold equivalent ounces in the shallow Oxide-Mixed horizon at Carneritos. This near-...

South Pacific Metals Corp. is pleased to announce that it has closed its private placement financing of C$1,500,000, which was originally announced on April 29, 2024. The Company has issued an aggregate of 3,750,000 units of the Company at a price of C$0.40 per Unit to raise gross proceeds of C$1,500,000. Each Unit will consist of one common share of SPMC and one common share purchase warrant, with each warrant exercisable into one common share at an exercise price of C$0.90 per share at any time up to 24 months following the closing date of the Offering. If the volume weighted average trading price of the common shares on the TSX Venture Exchange is equal to or greater than C$1.40 for a period of 30 consecutive days, the Company will have the right to accelerate the expiry ...

Endeavour Mining Plc announces that on 27 May 2024 it received the following notification from BlackRock, Inc. of its interests in the Company as of 24 May 2024. TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB00BL6K5J42 Issuer Name Endeavour Mining Plc UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name BlackRock, Inc. City of registered office Wilmington Country of registered office USA 4. Details of the shareholder Full name of shareholder if different from the person subject to the notification obligation, above City of registered office Country of registered office 5. Date on which the threshold was crossed or reached 24...

Mayfair Gold Corp. today commented on an ex parte order obtained by Muddy Waters Capital LLC in the Supreme Court of British Columbia on May 27 restricting the distribution of funds held in trust of approximately $4.0 million representing the aggregate termination payments payable to the Company's management and employees under their employment agreements in respect of a change of control. The trust arrangement for the change of control payments was described in the Company's press release dated May 9, 2024. The order was obtained by Muddy Waters without notice to the Company, its employees or directors and without the opportunity for the Company, its employees or directors to be heard before the Court. After reviewing the order with legal counsel, the Company is of the view ...

MONTRÉAL, QC / ACCESSWIRE / May 28, 2024 / Quebec Precious Metals Corp. announces that it has entered into agreements to issue an aggregate of 457,942 common shares in settlement of debts of three current directors of the Corporation in an aggregate amount of $38,925.08 . The Debt Settlement is paid in connection with services rendered by the current directors during the fourth quarter of the financial year ending January 31, 2024 and the first quarter of the financial year ending January 31, 2025. The Board of Directors and Management of QPM believe that the Debt Settlement is in the best interests of QPM as it will help the Corporation preserve its cash position. The common shares to be issued pursuant to the Debt Settlement will be issued at a deemed price of $0.085 per sh...

Fathom Nickel CEO Ian Fraser joined Steve Darling from Proactive to share exciting results from the company's recent drilling program at the Gochager Lake Project. The Q1/Q2-24 drill campaign involved seven drill holes, covering a total of 2,656 meters, as part of a broader program where 16 holes were drilled, totaling 5,543 meters.
Fraser reported that the company has now defined a mineralized gabbro unit containing interstitial disseminated magmatic pyrrhotite, pentlandite, and chalcopyrite. This mineralization extends over a northeast-southwest strike of approximately 300 meters and a vertical extent exceeding 400 meters. Importantly, the Gochager Lake deposit remains open for expansion in multiple directions and at depth, offering significant potential for future explorat...

TNR Gold Corp. Executive Chairman Kirill Klip joined Steve Darling from Proactive to share significant updates on the Los Azules copper, gold, and silver project in San Juan, Argentina, provided by McEwen Mining. TNR holds a 0.4% net smelter returns royalty on the project, which is held by McEwen Copper, a subsidiary of McEwen Mining.
Klip informed Proactive about the assay results from the recently completed drill season at Los Azules. The primary objectives of this season's infill drilling campaign were to confirm the size and grade of the deposit as compared to the 2023 Preliminary Economic Assessment estimate and to upgrade the resource categories for the upcoming feasibility study. Additionally, the campaign aimed to test for extensions of mineralization beyond the curre...

Terra Balcanica Resources CEO Aleksander Misk-ovic joined Steve Darling from Proactive to provide an update on the Phase I and II exploration drilling conducted within the Viogor-Zanik project in Bosnia-Herzegovina. The company completed approximately 2,200 meters of drilling, focusing on a shallow, high-grade, silver-dominated, intermediate sulfidation polymetallic vein system at the Chumavichi locality.
The maiden drillhole at Chumavichi Ridge yielded promising results, with an interception of 824.2 grams per tonne of silver equivalent over 4.0 meters from a depth of 29 meters, including 1,634.4 g/t AgEq over 2.0 meters. Another drillhole at Chumavichi Ridge intercepted 816.1 g/t AgEq over 2.0 meters.
Additionally, the exploration efforts targeted the Brezani area, which re...

VANCOUVER, BC, May 28, 2024 /CNW/ - The following issues have been halted by CIRO Company: Inca One Gold Corp. TSX-Venture Symbol: INCA All Issues: Yes Reason: Pending News Halt Time : 10:40 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot prov...

Zephyr Minerals Ltd. announces plans to resubmit a mining permit application with the Colorado Division of Reclamation, Mining and Safety for its 100% owned, Dawson gold property in Colorado, USA. In order to resubmit the Application, the Company must address deficiencies in the previously filed application filed on June 30, 2021. The principal issues required to be addressed pertain to water monitoring wells and related sampling methodology. Zephyr is required to drill five groundwater monitoring wells over and above those previously drilled and monitored for five quarters by Zephyr, as well as one compliance well. DRMS requires that the additional wells also have five quarters of monitoring data before they can consider approving the Application. Under current regulations D...

Fitzroy Minerals Inc. , is pleased to announce rock chip sample, soil geochemistry and mapping results from the Taquetren epithermal Gold Project in Argentina. At Irma West positive rock chip results extend the strike-length of known gold mineralisation to 4 kilometres. At Irma, in-fill soil geochemistry has increased the resolution of a gold anomaly approximately 1,500 metres long and 500 m wide. In addition, other soil anomalies and sub-parallel trends from the soil geochemistry data have emerged at Irma and Centro. At Irma West, reconnaissance mapping has identified the largest quartz vein out-crop to date at the Project, approximately 133 m long by 4.5 m wide and trending northeast. Highlights: Irma West: rock chip sample of 5.68 g/t Au within 2.3 m @ 2.38 g/t Au Irma Wes...

28 May 2024 - Newlox Gold Ventures Corp. | | , a trailblazer in environmentally conscious mining practices, is pleased report the successful completion of commissioning and the start of operations at Project 2; the Boston Clean Gold Project. The second ore processing facility has started commercial production. Feedstock freshly extracted from the Boston Mine by the Company's local mining partners is now in circuit. At full design capacity, the new Boston mill will process up to 150 tonnes per day of material grading ~15 grams per tonne of gold, with an expected gold recovery rate of at least 90%. Feedstock will be supplied by the Company's local mining partners, with profits after expenses to be shared equally between the parties. The Boston Project is expected to add meaning...

Verde AgriTech Ltd. is pleased to announce that Hannah Oh and Marcelo Duarte have been recommended for appointment to the Company's Board of Directors at the upcoming Annual General and Special Meeting , pending shareholder approval. Mr. Duarte's is a Brazilian that resides in Singapore, where he leads the Asia-Brazil Agro Alliance. Therefore, Mr. Duarte's appointment as an Independent Director of the Company is contingent upon his obtaining approval from the Singapore Ministry of Manpower . "We are delighted to welcome Ms. Hannah Oh to Verde's Board of Directors. Ms. Oh has a remarkable history in sales and marketing at Bayer, a global leader in agriculture and pharmaceuticals. Over the span of 15 years, she led the strategy, marketing and operations teams globally covering ...