VAL-D'OR, QC, Jan. 8, 2024 /CNW/ - Vision Lithium Inc. is very pleased to report on progress made in 2023 and discuss upcoming initiatives for 2024. Sirmac Project PEA announced in February 2023 In 2023, the Company released the results of a preliminary economic assessment , announced February 21, 2023, which demonstrated the potential for Vision Lithium to develop the Sirmac deposit as a Direct Shipping Operation with potentially very high returns. PEA highlights : Pre-tax net present value of C$183.6M, internal rate of return of 839% and payback less than 1 year After-tax NPV of C$104.8M, IRR of 484% and payback less than 1 year Assumed DSO selling price of US$591 per tonne / C$797/t based on US$4,100/t concentrate pricing. 4 years of mine life with 321,000t of DSO at 1.33%...

Results Confirm this High-Grade Deposit Remains Open to Both East and West and Down Dip Graphite One Inc. is pleased to announce completion of assay results from the Company's 2023 summer drilling program, which marked the largest exploration program in the Company's history and put Graphite One on track to accelerate the completion of a compliant Feasibility Study as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Project . These assays were received following the Company's October 23, 2023 press release1 announcing the initial assay results from the 2023 drilling program. Select drill holes with significant graphite mineralization include: 23GC110 returned 9.40 m of 13.87% Cg from 10.36 m 23GC127 returned 6.48 m of 19.02% Cg from 47.4 m and 10.14...

Vizsla Silver Corp. is pleased to announce an updated mineral resource estimate for its flagship, 100% owned Panuco silver-gold project located in Sinaloa, Mexico. The Updated Mineral Resource Estimate was completed by Allan Armitage, Ph.D., P.Geo., of SGS Geological Services. Highlights of the Updated Mineral Resource Estimate, including a comparison to the previous mineral resource estimate released in January 2023: 48.7% increase in indicated mineral resources from 104.8 to 155.8 Moz AgEq 48.7% increase in inferred mineral resources from 114.1 to 169.6 Moz AgEq 17% increase in average indicated mineral resource grade from 437 to 511 g/t AgEq New addition of La Luisa containing 4.0 Moz AgEq indicated and 25.3 Moz AgEq of Inferred Resources Key Statistics: The Updated Minera...

Sage Potash Corp. is pleased to announce the receipt of all required governmental approvals for two Class V exploration wells at its Sage Plain Potash Project located in Utah's Paradox Basin. Sage Potash CEO & Executive Chairman, Peter Hogendoorn, stated, "Sage's successful drilling permit applications represent a pivotal milestone on the Company's path to achieving pilot-scale potash mining and processing activities. The approved exploration wells will not only allow us to increase our understanding of the Sage Plain mineral resource, comprised in the Upper and Lower Cycle 18 potash beds underlying the Property, but these same wells will, in future, be transitioned to injection production and disposal wells. This is a highly significant de-risking event for the Company, as t...

Vista Gold Corp. is pleased to announce plans to initiate a program at the Company's 100%-owned Mt Todd gold project directed at increasing near surface gold resources and further evaluating a staged development strategy. This program will build upon the extensive body of data underlying the Company's 2022 feasibility study , its 2023 internal scoping-level study , and previous drilling in the area immediately adjacent to the Batman deposit. Staged development offers the distinct advantage of requiring substantially lower initial capital while retaining the longer-term potential to achieve world-class production levels. The 2023 Scoping Study indicated that a nominal 5 million tonne per year project could be designed and constructed with an initial capital expenditure of less ...

All amounts are in USD unless stated otherwise G Mining Ventures Corp. is pleased to announce the early completion and commissioning of its power transmission line project, supplying renewably generated power to GMIN's 100% owned Tocantinzinho Gold Project currently under construction in the State of Pará, Brazil. The 193 km, 138 kilovolt powerline will be energized ahead of process plant commissioning, well in advance of commercial production in H2-2024. The TZ Project is now connected to the Brazilian electrical grid and beginning to leverage numerous benefits as announced previously on June 1, 2023, including: Fixed energy pricing for 2024, 2025 and 2026 at ~25% lower than estimates used in the 2022 Feasibility Study; and Guaranteed supply of certified renewable hydroelect...

Hut 8 Corp. , one of North America's largest, most innovative digital asset mining pioneers and high performance computing infrastructure providers announces that it has received an approval and vesting order from the Ontario Superior Court of Justice in the context of the ongoing proceedings pursuant to the Companies' Creditors Arrangement Act of Validus Power Corp. and certain of its subsidiaries . Among other things, the Approval and Vesting Order approves the Company's previously announced stalking horse bid transaction to acquire four natural gas power plants including the North Bay Bitcoin mine, which was submitted in partnership with Macquarie Equipment Finance Ltd. , a subsidiary of Macquarie Group Limited, a global financial services group. In connection with the approval of the T...

Repair schedule is well defined to re-establish normal course production; mitigation solutions implemented to minimize production losses Andean Precious Metals Corp. today provided an update on the previously reported fire at its Golden Queen operation in California. The fire, which was reported on December 13, 2023, at approximately 9:00 p.m. , occurred within the secondary crusher circuit perimeter and more specifically in the screen deck area. The fire was mostly contained and under control within the following hour. Crisis management procedures were activated. Everyone was evacuated from the fire area to a safe location and first responders promptly contacted. "The Company extends its thanks to the first responders who contained the fire and helped to protect our employee...

PPX Mining Corp. is pleased to announce an updated Mineral Resource Estimate for the Callanquitas gold-silver deposit and a geological potential study on the Company's wholly-owned IGOR project, located in northwestern Perú, approximately 150 kilometers northeast of the city of Trujillo in the Huaranchal district of the La Libertad Region. The NI 43-101 technical document shall be available within the regulatory filing timeframe and was carried out by the following independent consultants: a) Mining Plus Peru S.A.C., engineering firm responsible for the Callanquitas deposit resource estimate update and b) Geologica Groupe-Conseil Inc., responsible for the geological review, analysis and data compilation to determine the potential of the Igor Project. Highlights: Measured & In...

Highlights: NAK23-17 intersected 302 m of 1.09% Copper Equivalent within 606 m of 0.74% Copper Equivalent beginning at 98 m downhole. NAK23-17 was collared 250 metres west of NAK23-11 , and more than 250 metres away from any previous hole drilled on the property, extending high-grade mineralization westward. The fully funded 2024 drill program will prioritize expanding the large, high-grade, mineralized South Zone and testing linkages between it and other higher-grade parts of the extensive NAK system. American Eagle Gold Corp. is pleased to announce that hole NAK23-17 intersected 302 metres of 1.09% Copper Equivalent within 606 metres of 0.74% Copper Equivalent beginning at 98 metres downhole, west of the South Zone at its NAK Copper Gold porphyry project in British Columbia...

Highlights include: Mineral Resource in Measured and Indicated Mineral Resources of 2.09 billion lbs of copper equivalent contained in 97.5 million tonnes or 1.75 billion lbs of copper, 845 thousand ounces of gold, 5.5 million ounces of silver Additionally, Inferred Mineral Resources of 157 million lbs of copper equivalent contained in 11.0 million tonnes, 127 million lbs of copper, 70 thousand ounces of gold 907 thousand ounces of silver Grade and Mineral Resource Increase: Achieved a remarkable 26% increase in the Copper total grade, an 11% increase in CuEq total grade, and a 16% rise in CuEq pounds compared to the 2021 Measured and Indicated Mineral Resource Estimate. Significant Starter Pit: A sizable starter pit comprises 19.1 million tonnes at 1.1% CuEq, all in the Measured and Indic...

Fortitude Gold Corp. declares its monthly dividend of $0.04 per common share payable on January 31, 2024 to shareholders of record as of January 19, 2024. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield. Dividends may vary in amount and consistency or be discontinued at the Board of Directors' discretion depending on variables including but not limited to operational cash flows, Company development requirements and strategies, construction, spot gold and silver prices, taxation, general market conditions and other factors described in the Company's public filings with the U.S. Securities and Exchange Commission. About Fortitude Gold Corp.: Fortitude Gold is a U....

F3 Uranium is pleased to announce that drill mobilization for the winter drilling program is underway, and ground geophysics has already resumed at its 100%-owned Patterson Lake North Project. The 2024 work is fully funded and budgeted at $16M and consists of ground geophysics and drilling of approximately 55 drill holes totaling 24,000m. Exploration efforts will initially focus on the A1 shear hosting the JR Zone and the B1 area 3km south of the JR Zone. Sam Hartmann, VP of Exploration commented: "We are excited to set out on this aggressive winter program aimed at JR Zone expansion and discovery of additional mineralized zones along the 5km long A1 and parallel B1 shear zones. Increasingly prospective geology with many of the signatures commonly associated with uraniu...