Azimut Exploration Inc. is pleased to provide an update on the exploration program planned for the Pilipas Property in the Eeyou Istchee James Bay region of Quebec, Canada . Ophir Gold Corp. , as operator under the option agreement previously announced , has scheduled an inaugural lithium-focused surface exploration program on the Property. Expected to start on May 20th, this work will evaluate numerous priority targets identified by Ophir during a data compilation and satellite imagery analysis completed on the Property. The field activities will consist of three to four weeks of geological prospecting, rock sampling, and mapping, as well as the completion and interpretation of a Property-wide LiDAR and orthophoto survey. A total budget of approximatively $500,0...

Highlights of this press release: PHASE I of the 2024 Drilling Program completed 48 drill holes for a total of 9,347 m 2,307 samples collected 66% of results received from laboratory to date Confirmation to date, outside of resources* area, of high grade gold mineralization potential at shallow depths along Favorable Gold Strike of the Chimo Mine Project; over a distance of 2.4 km PHASE II of the 2024 Drilling Program in progress Additional 115 holes for a total of 16,000 m which will explore the gold potential over an additional length of 6.0 km from the Favorable Gold Strike of the Chimo Mine Project . * NI 43-101 Mineral Resources Estimate for Chimo Mine and West Nordeau Gold Deposits, Québec, Canada, Vincent Nadeau-Benoit, P.Geo., Alain Carrier, P.Geo., M.Sc. and Marc R. Beauvais, P.En...

Champion Electric Metals Inc. is pleased to report that it has intersected lithium in its maiden exploration drill program on the Western Prospect at the Lithium Property in James Bay, Quebec . Drill hole EIQ24-007 intersected 10.0 metres at 0.42% Li2O, including 3.0 m at 0.62% Li2O, 2.0 m at 0.50% Li2O and 2.0 m at 0.54% Li2O. Drill hole EIQ24-008 intersected 1.85 m at 0.56% Li2O . These drill intersections are from the Western Prospect on a high-priority pegmatite target directly up-ice from the previously reported spodumene grains in till discovery. Jonathan Buick, President and CEO, commented: "Discovering a lithium bearing pegmatite in our maiden drill program is a fantastic achievement. We believe we have intersected the edge of a mineralised system which may extend to ...

Golden Minerals Company has today released financial results and a business summary for the quarter ending March 31, 2024. First Quarter Business Summary and Subsequent Events The Company restarted silver-gold production at the Company's Velardeña Properties in December 2023, but stopped mining at the end of February 2024 and stopped processing mineralized material at the end of March 2024, after determining the initial performance of the mine and processing plant did not achieve the expected mine production ramp-up schedule or initial expected plant concentrate production results. Operational issues at the mine were caused by a combination of insufficient experienced miners, and issues with mine ventilation and mining equipment availability. On March 27, 2024, Golden announc...

Calibre Mining Corp. is pleased to announce that on May 13, 2024, its Valentine Gold Mine was awarded the 2023 John T. Ryan National Safety Trophy for Select Mines by The Canadian Institute of Mining, Metallurgy and Petroleum . This award reflects an outstanding safety performance in the 2023 calendar year with a reportable injury rate of zero and ongoing contributions to improving the mining industry's safety record. Calibre shares this award with Mosaic Potash Belle Plaine Operations and North American Construction Group, Syncrude Aurora Mine site. Darren Hall, President and Chief Executive Officer of Calibre, stated: "I am very proud of the Valentine Team for their outstanding safety performance, and they have now been recognized by the CIM by being awarded the prestigious...

Alamos Gold Inc. today reported new results from its underground exploration program at the Young-Davidson mine. Underground exploration drilling from the mid-mine intersected a new style of higher-grade gold mineralization in zones within the hanging wall of the Young-Davidson deposit. These zones are located between 10 and up to 200 metres south of existing infrastructure and Mineral Reserves and Resources, highlighting the upside potential with grades intersected well above the current Mineral Reserve grade of 2.31 grams per tonne of gold . Young-Davidson Hanging Wall Zones: high grade gold mineralization intersected within the hanging wall, in proximity to existing infrastructure and south of existing Mineral Reserves and Resources. This represents a new style of mineraliz...

Midnight Sun Mining Corp. is pleased to announce that the Company has now closed the books on its previously announced non-brokered private placement at $10,000,000. Overwhelming demand for the financing led to the receipt of $10,000,000 in subscription agreements. Under the revised Offering, the Company intends to sell up to 45,454,545 units of the Company at a price of $0.22 per Unit. Each Unit will consist of one common share of the Company and one common share purchase warrant . Each Warrant will entitle the holder to purchase one Common Share for a period of 36 months following the closing date of the Offering at an exercise price of $0.33 per share. The Company intends to close the Offering as soon as practicable. The net proceeds of this offering will be used by the Co...

Centerra Gold Inc. announced today that its Board of Directors has approved a quarterly dividend of C$0.07 per common share - approximately C$15.0 million or US$11.1 million. The quarterly dividend is payable on June 12, 2024, to shareholders of record as of the close of business on May 29, 2024. The dividend is an eligible dividend for Canadian income tax purposes. In accordance with Centerra's dividend policy, the timing and quantum of dividends are to be determined by the Board of Directors from time-to-time based on, among other things, the Company's operating results, cash flow and financial conditions, current and anticipated capital requirements, and general business conditions. About Centerra Gold Centerra Gold Inc. is a Canadian-based gold mining company ...

Additional High-Grade Values Continue to Support the Project's Robust Potential VANCOUVER, BC / TheNewswire / May 14, 2024 - Element79 Gold Corp. reports additional assay results from underground sampling at its flagship Lucero property, Peru, including samples up to 98 g/t gold and 2,034 g/t silver . Key Highlights: Significant Mineral Endowment : A total of 455 samples underground channel samples have been collected from this latest phase, representing nearly 600 kg of mineralization and 650 kg of wall rock, underwent comprehensive analysis by our partners at Ore Discovery and unveiled significant exploration potential. Notably, results in 115 samples returned substantial values in gold , silver , lead and zinc , highlighting the robust potential of Lucero's mineral endowme...

Bayridge Resources Corp. is pleased to announce the engagement of Geotech Ltd. to undertake a helicopter supported VTEM survey on its 11,142 ha Constellation uranium project in Canada's Athabasca Basin region. "This will be the first modern VTEM survey ever flown at Constellation," commented President & CEO, Saf Dhillon. "The GeoTech survey is designed to delineate and define basement-hosted uranium targets across the large property. Recent basement-hosted uranium success by NexGen Energy Ltd. well to the south of the sedimentary cover has generated considerable excitement and activity in the area, which should bode well for additional new discoveries," he continued. The Constellation property has favourable geology for basement-hosted unconformity-style uranium deposits. The...

Centerra Gold reported its first quarter 2024 operating and financial results. President and CEO, Paul Tomory, commented, "Centerra had a strong quarter of operating performance with production and costs outperforming our expectations. At Mount Milligan, we continued to advance a site-wide optimization program, implementing tangible initiatives in several areas, including concentrate management, mine operations and mine-to-mill optimi...

Titan Mining Corp. announces the results for the quarter ended March 31, 2024. Don Taylor, President and Chief Executive Officer of Titan, commented, "We are pleased to announce that the Empire State Mine has been recognized by MSHA for its outstanding safety performance in 2023 with two 'Certificates of Achievement in Safety'. In addition to the outstanding safety performance ESM continues to meet or exceed production goals remaining on track to produce an estimated 56-60 million pounds of payable zinc during 2024. The management and workforce at ESM have established a firm foundation for both production and safety as we contemplate the Turnpike expansion project and development of the Kilbourne graphite project." Q1 2024 HIGHLIGHTS: Produced 14.7 million pounds of payable z...

Hudbay Minerals Inc. today released its first quarter 2024 financial results. All amounts are in U.S. dollars, unless otherwise noted. All production and cost amounts reflect the Copper Mountain mine on a 100% basis, with Hudbay owning a 75% interest in the mine. "We delivered another consecutive quarter of strong operational and financial performance with steady free cash flow generation and further debt reduction," said Peter Kukielski, President and Chief Executive Officer. "These results demonstrate the strength of our diversified operating base, with continued contributions from the high-grade Pampacancha deposit in Peru, better-than-planned gold production in Manitoba and benefits starting to be realized from operational stabilization efforts at the Copper Mountain mine ...