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...

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...

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

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...

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 ...

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...

American Lithium Corp. provides financial and operating highlights for the third quarter ended November 30, 2023. Unless otherwise stated, all amounts presented are in Canadian dollars. Simon Clarke, CEO of American Lithium comments, "This was an extremely busy period with significant achievements across our projects in Peru and Nevada. This momentum has continued past quarter end with the completion of the updated PEA for Falchani, highlighting very robust economics for the project, including a tripling of NPV from the last PEA." Highlights of the Quarter: Resource Update at Falchani - newly updated mineral resource estimate resulted in a 476% increase in Measured and Indicated Resources to 5.53 million tonnes of lithium carbonate Li) to the block model. Unanimous Ruling in ...

Ero Copper Corp. is pleased to provide a construction update for the Tucumã Project , highlighting significant progress since October 2023. With physical completion now at over 85% and production of copper concentrate scheduled to commence in H2 2024, the Company has initiated the transition from construction to commissioning, as outlined below in the 2024 Commissioning Plan. HIGHLIGHTS Construction: Physical construction of the Project is now over 85% complete Main substation and e-houses installed and commissioned with 16-kilometer power line tie-in to the national grid completed ahead of schedule; line expected to be fully energized by the 20th of January Pre-stripping activities are tracking approximately 10% ahead of schedule with completion now expected at the end of Q1...

Barrick Gold Corp. today reported preliminary full year and fourth quarter 2023 production results. On the back of higher Q4 production, preliminary gold production for the full year of 4.05 million ounces was consistent with our forecast as guided in our third quarter release.1 Preliminary copper production of 420 million pounds for 2023 was within the guidance range of 420 to 470 million pounds. The preliminary Q4 results show sales of 1.04 million ounces of gold and 117 million pounds of copper, as well as preliminary Q4 production of 1.05 million ounces of gold and 113 million pounds of copper. The average market price for gold in Q4 was $1,971 per ounce and the average market price for copper in Q4 was $3.70 per pound. Preliminary Q4 gold production was an improvement on Q...

Apollo Silver Corp. is pleased to provide the following operational and corporate update. As part of the 2022 Metallurgical Test Program for the Calico Silver Project , an initial assessment of the quality of barite in the deposit was completed. This initial test work illustrated that a high quality barite concentrate could be produced, warranting a follow up investigation. As a follow-up to these positive results, and in anticipation of adding barite to the mineral resource inventory at Waterloo, further samples have been selected for assay to characterize the distribution of barite in the deposit. HIGHLIGHTS Concentrate with up to 94.6% barite produced via flotation; Barite concentrate meets or exceeds the standards for chemical and physical specifications for drilling flui...

Osisko Metals Inc. is pleased to announce the remaining results from the 2023 drilling program at the Pine Point Mining Ltd. Joint Venture Project, located in the Northwest Territories, Canada. The reported results are from the C2 Zone, N1 Zone, NE1 Zone, and the NE2 Zone. Results are all from near-surface, tabular-style deposits, and these will be incorporated into a new Mineral Resource Estimate that will be released in Q1 2024 and will be integrated into a Feasibility Study that is also planned to start in Q1 2024. Highlights of Drill Hole Assay Composites: K51-23-PP-004: 11.00 metres grading 12.48% Zn and 2.23% Pb K51-23-PP-005: 5.00 metres grading 8.47% Zn and 1.02% Pb K52-23-PP-020: 4.95 metres grading 11.36% Zn and 1.07% Pb T37-23-PP-004: 4.00 metres grad...

28.64 g/t Au over 4.90 m ; 540 m from discovery hole All scout holes intersected gold CAN$7 million JV budget for 2024 - 10,000 m drilling program commenced Further results pending from 2023 drilling ST. JOHN'S, NL, Jan. 16, 2024 /CNW/ - Aurion Resources Ltd. reports results for four holes from the 2023 scout drilling program in the Vuoma area, approximately 2.7 km south of Helmi on the Aurion-B2Gold Corp. Joint Venture , operated by B2Gold, in the Central Lapland Greenstone Belt in northern Finland. Summary All scout holes intersected gold at Vuoma 28.64 g/t Au over 4.90 m including 126.00 g/t Au over 1.10 m from 455.80 m , located 540 m SE of hole VUO23007 3.55 g/t Au over 2.80 m from 169.80 m Further evidence of the gold prospectivity along the, mainly untested, 20+ km sou...

Aris Mining Corp. reports 2023 gold production of 226,151 ounces from its two operations in Colombia, within the 2023 guidance range of 220,000 to 240,000 oz. The Q4 2023 results provided in this news release are approximate and may differ from the final results to be included in the Company's 2023 annual audited financial statements and MD&A, which the Company expects to release in early March 2024. Neil Woodyer, CEO of Aris Mining, commented "In 2023, our Segovia Operations achieved full-year production of 202,940 ounces, meeting its guidance range of between 195,000 and 210,000 ounces. We also achieved substantial growth in mineral resources and reserves at Segovia, supporting our plan to expand the processing facilities. During the transition to full-scale constructio...