Largo Inc. is pleased to provide an update on the ongoing exploration program surrounding its Maracás Menchen Mine, including an initial phase of drilling conducted in 2023 and the further analysis of past exploration work completed at the Company's Campbell Pit and exploration targets located both north and south of the Campbell Pit. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231218584081/en/ Figure 1: Campbell Pit and Northern District Targets Daniel Tellechea, Director and Interim CEO of Largo, stated: "As a part of its ongoing operations, Largo continues to undertake exploration work in the areas surrounding the Campbell Pit to both optimize current operations and plan for future development and expansion th...

Homerun Resources Inc. is pleased to announce that the Company will deliver the first silica sand sample to NREL this week and also announces a new animated video detailing the partnership. https://youtu.be/l6fjsGZdv9I To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/4082/191410_f209f81e54d0d831_001full.jpg The general purpose of the partnership is a collaborative effort to jointly evaluate integrating a silica sand refinement process into the ENDURING Energy Storage Application. NREL and Homerun have recognized the potential of using the novel energy storage technology to process Homerun's silica sand while providing clean reliable energy. NREL will test the Homerun silica sand to determine the composition and suitability for u...

Blue Thunder Mining Inc. is pleased to announce the appointment of Robert Boisjoli as the Company's Chief Financial Officer , effective immediately. Mr. Boisjoli, who is based in Montreal, replaces the Company's outgoing CFO, Donna McLean. Mr. Robert Boisjoli is a managing director of Atwater Financial Group, a company specializing in financial reporting services for listed mining companies. He is an advisor to various public exploration companies. Mr. Boisjoli was an investment banker with various Canadian securities firms. He is also a Board Member on CPA professional associations and various nonprofit community organizations. Blue Thunder is also pleased to announce that it held its first technical committee meeting with IAMGold Corp. and has begun planning its ...

IAMGold Corp. is pleased to announce that it has entered into a forward gold sale arrangement and a partial amendment to one of its existing gold prepay arrangements. The net result of these Arrangements is the effective transition of current gold delivery obligations out of the first quarter of 2024 into the following year, increasing cashflow in Q1 2024 by approximately $72.5 million assuming current gold prices. "These arrangements take advantage of positive market rates while ensuring the prudent management of IAMGOLD's balance sheet during a key juncture for the Company," said Renaud Adams, President and CEO of IAMGOLD. "The Côté Gold project is advancing rapidly towards initial production in M...

ROUYN-NORANDA, Québec, Dec. 18, 2023 -- Abcourt Mines Inc. is pleased to announce that diamond drilling has begun on level 295 of the Sleeping Giant mine. The main objective of the current drilling is to maximize the definition of the DAC 5 stope, located between levels 235 and 295, approximately one hundred meters from shaft 2. This initiative aims to strengthen mine development planning and to prepare the ground for the start of production in a few weeks on these levels. The key points of the drilling objectives are as follows: Optimization of the definition of the DAC 5 site: Concentrated between levels 235 and 295, this step is crucial for refining the details of the stope, ensuring precise planning of its development. Test of the western extension of the DAC 5 site: Explor...

Nine Mile Metals Ltd. , is pleased to provide an update on its current drillhole at its California Lake VMS Project. Drillhole is currently at a depth of 615 meters targeting Lens A at depth. The Azimuth and dip are monitored daily, the Azimuth presently at 209 degrees and the Dip flattened to 65 degrees. Our calculations show we are on target. Rocks intersected to date include felsic volcanics of the Flat Landing Brook Formation which hosts numerous VMS mines and occurrences in the southern portion of the BMC including Stratmat and Headway. Between 490.10 and 496.15 there was a distinct, banded sulphide zone with 5- 8% pyrite and blebs of chalcopyrite. This section has been cut and will be submitted to ALS Global for analysis. Mixed felsic rocks of the Flat Landing Brook For...

2023 has been a difficult year in the junior precious metals markets, particularly in the junior gold exploration sector. Although the gold price is standing strong, the sentiment has remained weak. Despite this, Gold Bull has continued to advance its main asset, Sandman, located in Nevada. Sandman Project, Nevada During the year, Gold Bull commissioned a Preliminary Economic Assessment to investigate the viability of a small-scale startup operation at Sandman, focusing on the existing gold resources. The PEA considered a conventional heap leach mining operation targeting 38,000 ounces of gold produced per annum over a 9-year operation. Given the nature of the Sandman deposits , a 2.2 Mtpa production rate and very low strip ratio of 2.2:1 extracts an average gold grade of 0.73 g/t Au . The...

Vizsla Silver Corp. is pleased to announce the release of its inaugural Sustainability Report, highlighting the Company's commitment to sustainable practices and responsible corporate citizenship. "Vizsla has always placed sustainability at the heart of its strategy," commented Michael Konnert, President and CEO. "This inaugural Report demonstrates our ongoing commitment to the environment, our people, the communities in which we operate, and our high standards of corporate governance. Furthermore, the Report highlights the Company's ethical leadership, dedication to transparency, accountability, and the continuous improvement of its sustainability practices. I am very proud of the progress Vizsla has made so far as we position ourselves to be the leaders in regenerative min...

Santacruz Silver Mining Ltd. is pleased to announce that it has sold its shares in Santacruz Holdings Ltd., which has 100% ownership in Impulsora Minera Santacruz, S.A. de C.V., a non-core Mexican subsidiary of the Company, to a private Mexican group . The sale of this non-core asset is part of the Company's ongoing restructuring efforts as it aims to streamline its core business focus. The Company received a nominal cash consideration in addition to the Buyer agreeing to accept certain obligations and liabilities from the Company as consideration for the sale of Santacruz Holdings Ltd. . Arturo Préstamo, Executive Chairman and Interim CEO of Santacruz, commented, "The divestment of this non-core asset is expected to reduce our current liabilities and strengthen our balance s...

Outback Goldfields Corp. is pleased to provide an update on exploration activities across its Glenfine project in the heart of the Victorian goldfields of Australia. Highlights High-grade gold potential: Review of recently acquired LiDAR data led to the identification of historic workings where samples of quartz reefs returned up to 9.4 g/t gold. Underexplored project: Soil sampling has outlined additional targets in areas lacking previous exploration. Target-rich project: The new targets complement a portfolio of high-priority targets in the heart of the Victorian goldfields. "Following the definition of the 3 km long O'Connors target at Yeungroon, we shifted focus to target generation across our other gold projects," commented Chris Donaldson, CEO. "At Glenfine, we defined...

ROUYN-NORANDA, QC, Dec. 18, 2023 /CNW/ - Comet Lithium Corp. ) is pleased to announce that it has held a first closing of a non-brokered private placement in which it issued 1,673,000 common shares at a price of $0.50 per Share, and 1,356,836 "flow-through" common shares at a price of $0.85 per Flow-Through Share, for aggregate gross proceeds to Comet Lithium of $1,989,810.60. Comet Lithium will use the net proceeds from the sales of the Shares for general and administrative purposes and for exploring the Company's mining properties and will use the net proceeds from the sales of the Flow-Through Shares for exploring the Company's mining properties the located in the provinces of Québec, with a focus on its 100%-owned Liberty and Troilus lithium properties. "We are excited to...

VANCOUVER, BC, Dec. 18, 2023 /CNW/ - Trading resumes in: Company: Sarama Resources Ltd. TSX-Venture Symbol: SWA All Issues: Yes Resumption : 9:30 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 provide any information about a specific halt bey...

Horizonte Minerals Plc , the nickel development company, is pleased to confirm the appointments of Paul Smith as Non-Executive Director and Chair of the Board of the Company and of Karim Nasr as an Executive Director of the Company. As previously announced on 27 November 2023, the Board proposed the appointment of Paul Smith as Non-Executive Director and Chair, succeeding Vincent Benoit who had agreed to act as interim Chair and who will now continue his role as a Non-Executive Director, in addition to the appointed Mr Nasr as an Executive Director. Mr Smith and Mr Nasr's appointments were subject to receipt of the usual director certifications in accordance with the AIM Rules. The Company's Nominated Advisor, Peel Hunt, have now completed the due diligence processes, and Mr ...