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  • Highlights Drilling intercepts encountered high grade spodumene-bearing pegmatites in wider pegmatites zone: 2.30% Li2O and 178ppm Cs over 3.84m in wider pegmatites zone of 0.46% Li2O and 250ppm Cs over 36.25m . 0.58% Li2O and 387ppm Cs over 3.2m and 0.51% Li2O and 960ppm Cs over 2.63m in wider pegmatites zone of 0.30% Li2O and 348ppm Cs over 24.9m . 0.97% Li2O and 236ppm Cs over 1.58m in wider pegmatites zone of 0.29% Li2O over 15.36m . Holes #1-4 are mineralized with lithium from top to bottom . Six out of the seven holes ended in mineralization signifying the system remains open at depth and along strike of the 13km long exploration corridor. Six out of the seven holes have pervasive and strong lithium and cesium mineralization in the alteration halo around the pegmatites indicating the...
    16.01.2024
  • Taseko Mines Ltd. is pleased to provide an update on financing and construction progress at its Florence Copper project. On January 15, 2024, the Company signed a definitive agreement with Taurus Mining Royalty Fund L.P. for the previously announced sale of a US$50 million royalty. The royalty will be for 1.95% of the gross revenue from the sale of all copper from Florence Copper. Funding of the US$50 million is subject to customary closing conditions, and proceeds are expected to be received in early February. The Company also expects to drawdown the first US$10 million of the US$50 million Mitsui financing later this month. With these financings in hand, construction activities at Florence will be accelerating. To date, site activities have focussed on site preparations, ear...
    16.01.2024
    von CNW
  • Angold Resources Ltd. is pleased to announce its shares resumed trading at the opening of the market on January 15, 2024. This follows the Company's recently announced definitive agreement to acquire 1443904 B.C. Ltd. Upon closing of the Transaction, the Company will secure options on three highly prospective, permitted, drill-ready projects in Saskatchewan's Uranium City area from Fortune Bay Corp and Standard Uranium Ltd. . Additionally, the company is awaiting approval to change its name to Aero Energy Limited . Overview District-Scale Opportunity: Following the Transaction and name change, Aero Energy will outright own or have options on 250,000 acres of consolidated mineral rights along the frontier northwestern edge of the Athabasca Basin . Shortcut To Sha...
    16.01.2024
  • 2023 copper production of 57.6 M pounds 2023 cash cost1 $2.17 /lb 2024 increased copper production guidance of 62.4 M pounds 2024 cash cost1 guidance of $2.08 /lb VANCOUVER, British Columbia, Jan. 16, 2024 -- Amerigo Resources Ltd. announced today 2023 production results from Minera Valle Central , the Company's 100% owned operation located near Rancagua, Chile. Dollar amounts in this news release are in U.S. dollars unless indicated otherwise. "MVC's copper production in Q4-2023 was 16.4 million pounds, returning to normal levels following last year's severe weather events at MVC," said Aurora Davidson, Amerigo's President and CEO. "We closed the year with a strong quarter, which resulted in annual copper production of 57.6 million pounds. In 2024, we expect to produce 62.4 m...
    16.01.2024
  • Midland Exploration Inc. is pleased to provide new assay results and upcoming work following the identification of a series of spodumene-bearing pegmatite dykes on the Galinée project, approximately 8 kilometres east of the Adina lithium deposit held by Winsome Resources . The Galinée project is currently wholly owned by Midland and is subject to an option agreement signed with Rio Tinto Exploration Canada Inc. in June 2023 . Highlights: Spodumene-bearing pegmatite outcrops found 900 and 500 metres southwest and south of the Iceberg Showing with grab samples grading up to 3.6% Li2O; Iceberg Showing consists in spodumene-bearing pegmatite dykes identified over at least 600 metres strike length with high-grade grab samples grading up to 7.2 % Li2O; LiDAR survey data received; D...
    16.01.2024
  • Altamira Gold Corp. , is pleased to provide an update on its ongoing second stage diamond drilling programme at the Maria Bonita gold discovery at its Cajueiro project located in the states of Mato Grosso and Para, Brazil. Highlights: Drilling has re-started at the Maria Bonita project following the year-end break. Drill hole MBA0010 is currently at a depth of 228 metres. A second diamond drill rig has been contracted and is currently mobilising to the project site. The initial drill programme will consist of approximately 5000 metres in 27 drill holes and is designed to test the lateral and vertical extensions of the intrusive-hosted disseminated gold mineralization intersected in the seven initial reconnaissance holes drilled during 2023. CEO Mike Bennett commented; "This is...
    16.01.2024
  • Construction of new concentrator and underground development well ahead of schedule for first production in Q2 2024 Kipushi expected to produce more than 250,000 tonnes of zinc annually over first five years New Kipushi commercial border crossing and bypass road to unlock value for Kipushi and Kamoa-Kakula Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete, together with Chairman Guy-Robert Lukama Nkunzi and General Manager Placide Nkala Basadilua of Gécamines, the Democratic Republic of Congo's state-owned mining company, are pleased to announce today the signing of the new joint venture agreement to restart the ultra-high-grade Kipushi zinc-copper-germanium-silver mine. In addition, Ivanhoe is pleased to provide an update on the restart of Kipushi, with both sur...
    16.01.2024
  • Appia Rare Earths & Uranium is pleased to announce a substantial increase in the total weighted average grade of drill hole PCH-RC-063 at our PCH Ionic Adsorption Clay project, which had previously been reported. The Reverse Circulation PCH-RC-063 drill hole exceeded multiple intervals limits of detection, prompting a reanalysis using methods suited to very high grade samples. The new analysis, conducted by SGS Geosl Labs, used method IMS95RS. The updated assays reveal a very significant 42.2% increase in Total Rare Earth Oxides and a notable 9.2% increase in Magnet Rare Earth Oxides . Of particular significance is the high-grade 2 metre intercept from 10m to 12m, showing an exceptional 92,758 ppm or 9.28% TREO, with 13,798 ppm or 1.38% MREO, and 2,24...
    16.01.2024
  • Drilling to date suggests 250 meters of continuous high-grade nickel-copper mineralization in the Raptor Zone Talon Metals Corp. , the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project in central Minnesota, provides assay results from various new drill holes within the "Raptor Zone". The Raptor Zone lies to the north of the Company's Resource Area and represents a new area with the potential for significant exploration upside at the Tamarack Nickel Project. Figure 1: 2.2m of 9.31% NiEq intersected in drill hole 23TK0483 at a depth of 653 meters To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2443/194308_b0672a6cb4cde8eb_001full.jpg Today's results include a 5.93-meter intercept of high-grade massive nickel...
    16.01.2024
  • M&I GOLD RESOURCE INCREASES 38% TO 11 MILLION OZ AFTER-TAX NPV OF US$523 MILLION, 20.6% IRR AND 2.8 YEAR PAYBACK AISC OF US$99912.6 YEAR MINE LIFE AVERAGING 201,000 Seabridge Gold announced today the results of an updated Preliminary Feasibility Study for its 100%-owned Courageous Lake project located in Canada's Northwest Territories. The 2024 PFS all open pit mine plan shows a considerably more sustainable and profitable mining operation than its 2012 predecessor, with reduced initial capital, lower strip ratio, higher grade and smaller mine footprint. The 2024 PFS led by Ausenco demonstrates the production of 2.5 million ounces of gold over the initial 12.6 year life of mine. A stand-alone analysis of the potential expansion below the 2024 PFS mine plan will be included as a Prelimi...
    16.01.2024
  • Soma Gold Corp. announces that Javier Cordova Unda has temporarily stepped down as the Chief Executive Officer of the Company in order to attend to personal matters. He will continue to serve as the President and a director of the Company. C. Geoffrey Hampson, who currently serves as Executive Chairman of the Company's Board, will act as interim CEO. Geoffrey Hampson, Chairman of the Board, states, "The Board of Directors maintains full confidence and support for Mr. Cordova and will work with him to ensure continuity of management while he works through these matters. We look forward to his returning to his role as soon as possible." ABOUT SOMA GOLD Soma Gold Corp. is a mining company focused on gold production and exploration. The Company owns two adjacent min...
    16.01.2024
    von CNW
  • The Geological team used the same method to find Jackpot as was used to make the initial Surebet Zone discovery that has 2.1 km of mineralization exposed at surface with 700 meters of vertical relief; focusing on structures previously covered by glaciers that allowed the team to test outcrops exposed due to receding glaciers. Sample ST116183 assayed 21.5 oz/t AuEq or 667.40 gpt AuEq and comes from a 30 cm wide quartz vein with 15 % chalcopyrite, 7 % pyrite, and 1 % galena hosted in a shear comprised of strongly silicified Porphyritic Andesite within the Hazelton Volcanics. A
    16.01.2024
  • Imagine Lithium Inc. is pleased to provide significant near surface drill results from its ongoing drilling program at the Jackpot lithium project, located within the rapidly emerging lithium camp in the Georgia Lake area, approximately 140 km northeast of Thunder Bay, Ontario . The Jackpot property is characterized by swarms of mineralized lithium-bearing granitic pegmatite dikes distributed across an 18,800 ha land package. Highlight holes from the ongoing drill program at the Jackpot Main Zone include: - 15.77 m grading 1.08% Li2O from 19.2 m in hole JP-MAIN-2023-06 - Including 6.00 m grading 2.04% from 20.2 m - 5.30 m grading 1.68% Li2O from 2.7 m in hole JPMET-2023-01B - 7.0 m grading 1.03% Li2O from 40 m in hole JP-2023-P6 Results announced today demonstrate the near su...
    16.01.2024
  • First Majestic Silver Corp. announces that total production in the fourth quarter of 2023 from the Company's three producing mines in Mexico, namely the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine reached 6.6 million silver equivalent ounces, consisting of 2.6 million silver ounces and 46,585 gold ounces. Total production for the full year of 2023 consisted of 26.9 million AgEq ounces, aligned to the Company's 2023 revised guidance of between 26.2 to 27.8 million AgEq ounces, consisting of 10.3 million silver ounces and 198,921 gold ounces. Q4 2023 HIGHLIGHTS Total Production Increased by 6% Q/Q: Total production reached 6.6 million AgEq ounces in Q4, representing a 6% increase when compared to 6.3 million AgEq ounces produced ...
    16.01.2024
  • Drill Permits in Hand for 5,000 meters of Drilling StrikePoint Gold Inc. announces that it has received its permit for drilling on the 44 square kilometer Cuprite Gold Project strategically located in the Walker Lane Trend of Nevada between Centerra's Gemfield Deposit and Anglogold's "Expanded Silicon" project. Figure 1. Nevada Locator Map To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5044/194296_aa21eaf4e44ea9fd_002full.jpg Michael G. Allen, President and CEO of StrikePoint Gold said, "After acquiring the Cuprite Gold Project in early 2023, we've added significant value to the project. We have more than doubled the footprint of the property itself and completed comprehensive geophysical and geological mapping programs on the...
    16.01.2024



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