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  • VR Resources is pleased to announce drilling is now underway on Hole 1, WW24-001, at it's Empire Project, targeting the strongest IP chargeability results from the recently completed DCIP survey for magmatic sulfide containing copper, gold and platinum group elements within a large mafic intrusion in. Geophysical Targeting Preliminary geophysical inversion results for the Empire DCIP survey are now in hand for the 3 lines across the Westwood target, showing a strong correlation of new data with magnetic features and the conductivity anomalies from the airborne EM survey flown one year ago. Phase 1 drilling will target different combinations of integrated features from the three independent surveys over the target shown in Fi...
  • Compass Gold is pleased to announce the completion of its previously announced private placement offering and has issued, on a non-brokered private placement basis, 610.5 convertible debenture units of the Company, at a price of $1,000 per Debenture Unit, for aggregate gross proceeds of $610,500 . The Offering closed on December 2, 2024 . The proceeds of the Offering will be used principally to fund the delineation of the mineralized zone identified at Tarabala, located on the Company's Sikasso Property in Southern Mali and to further the establishment and development of a small gold mining operation on high-grade near-surface gold mineralization at the Tarabala Trend Insiders of the Company purchased an aggregate of 30 Debenture Units under the Offering for aggregate ...
    03.12.2024
  • Gladiator Metals is pleased to announce it has closed its non-brokered private placement raising gross proceeds of C$12,625,000. The Offering consisted of the issuance of 15,000,000 Charity Flow-Through common shares at a price of C$0.775 per Charity FT Share and 2,000,000 Non-Flow-Through common shares at a price of C$0.50 per NFT Share. Gladiator intends to use the proceeds of the Offering for general working capital purposes and to fund its exploration program at its Whitehorse Copper Project in the Yukon including diamond drilling to: "advance prospects at Cowley Park and Chief's Trend with the intention of establishing a maiden initial inferred resource" and "advance new high-grade copper targets along the Whitehorse Copper Belt defined from historical drilling an...
    03.12.2024
  • DynaResource is pleased to announce the successful repayment of its Temporary Additional Credit Line with Ocean Partners Holdings Limited, reflecting the Company's strong financial management and operational progress. The Company recently fulfilled its obligation to repay the Four Million Dollar TACL due November 30, 2024, payable alongside the Five Million, Eight Hundred and Fifty Thousand outstanding balance of the Revolving Credit Line . Upon full repayment of the TACL and RCL, the maximum principal amount under the RCL agreement was increased to Twelve Million Five Hundred Dollars . The Company has drawn down Nine Million, Eight Hundred and Fifty Thousand Dollars , with interest accruing at the same rate as the ongoing and...
    03.12.2024
  • Hercules Metals Corp. is pleased to announce results from its first phase of initial metallurgical testing at the Hercules Project in western Idaho . Metallurgical testing was conducted on four composite samples, each weighing over 50 kilograms, including samples of oxide and sulfide silver from the near surface epithermal system, as well as copper mineralization from the underlying porphyry system. Conventional flotation of porphyry copper mineralization achieved a strong recovery of ± 87% in initial open cycle tests, with ongoing locked cycle testing now projected to recover ± 90%. A straightforward two-step leaching process on the near-surface silver delivered impressive recoveries of 86% for oxide mineralization and 82% for sulfide mineralization. Highlights Initial coppe...
    03.12.2024
  • Ero Copper Corp. is pleased to announce an update of its National Instrument 43-101 compliant mineral reserve and resource estimates for its Xavantina Operations, located in Mato Grosso State, Brazil. The updated mineral reserve and mineral resource estimates incorporate drilling activities and mining depletion on the properties through June 30, 2024. HIGHLIGHTS 19% increase in proven and probable mineral reserves as compared to the 2023 estimate, including a 24% increase at the Santo Antônio Vein. Proven and probable mineral reserve compound annual growth rate of approximately 62% from 2018 to 2024. 26% increase in measured and indicated mineral resources, inclusive of mineral reserves, as compared to the 2023 estimate, including a 31% increase at the Santo Antônio Vein. Exc...
  • Cartier Resources reports multiple high-grade gold results from the 28,000-m drilling program at its 100% - owned East Cadillac property. These results follow-up on the significant VG10 intercepts previously announced on August 27, 2024, where drilling returned 142.2 g/t Au over 0.5 m and 137.4 g/t Au over 0.5 m Highlights: VG10 Zone Successful definition and expansion of a high-grade gold ore shoot that is approximately 50 m wide by 175 m along plunge and remains open at depth: 173.6 g/t Au over 0.5 m with 40 clusters of visible gold; 12.8 g/t Au over 0.5 m with 2 clusters of visible gold; 9.7 g/t Au over 0.5 m with 5 clusters of visible gold. VG9 Zone Discovery near sur...
  • SRQ Resources Inc. is pleased to update on the current surface delineation of the recently discovered large Magmatic Intrusive Complex at the Lac Brulé project in the province of Québec, Canada. Highlights The Company has received its "Autorisation de Travaux à Impact ", the authorisation of impact-causing exploration work for an area of 13.6 km2 surrounding Target 900. Target 900 is characterized by a robust gravitational anomaly measuring 3 kilometers by 2 km, starting 600 meters below surface. Target 900 is aligned with an airborne electromagnetic conductor starting 500m below surface, suggesting significant depth and lateral extension. The target is situated on the northern flank and hinge of Lac Brulé's folded IC, an extensive surface expression formed at the end of the ...
  • Lithium Ionic Corp. is pleased to announce positive new drill results from its flagship Bandeira Lithium Project , located within the prolific "Lithium Valley", in northern Minas Gerais State, Brazil. These intercepts are part of an ongoing drill program aimed at increasing mineral resource definition and expanding the mineralized footprint. These latest results demonstrate strong potential for continued mineral resource growth, intersecting meaningful extensions of high-grade mineralized pegmatites. Bandeira Drill Results Highlights: Hole ITDD-24-280: 16.00m grading 1.77% Li?O from 137.41m, incl. 9.00m grading 2.36% Li?O Hole ITDD-24-268: 19.60m grading 1.33% Li?O from 83.74 meters, incl. 8.47m grading 1.81% Li?O Hole ITDD-24-283: 14.00m grading 1.81% Li?O from 105.10m Hole ...
  • Troilus Gold Corp. is pleased to report the appointment of Mr. Andy Fortin as Vice President of Operations and General Manager of the Troilus Mine, effective immediately, to oversee the transition of the Troilus Project into the development phase and eventual operations. The Company is also pleased to provide an update on operational progress, including advancements in the pit dewatering program and the status of the Environmental and Social Impact Assessment . Appointment of Andy Fortin as Vice President, Operations and General Manager of Troilus Mine Troilus is pleased to welcome Andy Fortin as Vice President of Operations and General Manager of the Troilus Mine, effective immediately. Mr. Fortin brings over 28 years of experience in mineral processing and project management...
  • MONTRÉAL, Dec. 03, 2024 -- Cerro de Pasco Resources Inc. is pleased to report that the 40-hole drill program at its Quiulacocha Tailings Project in Central Peru has been successfully completed, providing more than 1,000 samples of which 177 have been assayed to date, including the SPT04 drillhole released on October 15. Key Highlights 177 assay samples from nine drill holes, equivalent to 15% of the current drill program, indicate an average silver grade of 1.72 ounces per tonne of silver , 37% higher than the average of shallow auger samples reported by Brophy in the north and central sections of the TSF. Results indicate that the metal content is consistent at depth and laterally across 400 and 600 meters of the drilled area assayed to date . Gallium, a critical mineral use...
  • Silver Tiger Metals Inc. and is announcing the commencement of its underground drilling campaign targeting the Veins, the Sulfide Zone and the Shale Zone on its 100% owned, silver-gold El Tigre Project located in Sonora, Mexico. Glenn Jessome, President & CEO stated "After the release of our robust PFS on the near-surface, low-capex open pit portion of the El Tigre Project, our next goal will be to complete a PEA on the underground component of the project in the first half of 2025. Our current underground drilling program is targeting the Veins, the Sulfide Zone and the Shale Zone from our 400-meter-long rehabilitated haulage-way. The new drill holes will provide new assay, geotechnical, metallurgical and geological information for the Mineral Resource blocks near the comple...
    03.12.2024
  • First Mining Gold Corp. is pleased to announce that it has received a positive conformity determination from the Impact Assessment Agency of Canada following the submission of the Final Environmental Impact Statement for the Springpole Gold Project on November 4, 2024. Achieving federal conformity marks another important milestone for the Project confirming that the work undertaken by First Mining satisfies the requirements of the federal EIS guidelines issued by the IAAC. Having completed this key regulatory process step, the Final EIS technical review period is proceeding without delay. "First Mining is pleased to have the positive conformity determination confirmed by the IAAC," stated Dan Wilton, CEO of First Mining. "Having received the outcome within 30-days of the Fina...
    03.12.2024
    von CNW
  • As concerns grow over global economic stability, including inflation, geopolitical tensions, and market volatility, many investors are turning to precious metals like gold and silver as a safe haven. Historically, these metals have been seen as reliable stores of value during uncertain times. As the price of gold continues to rise, driven by both economic anxieties and a shift toward alternative investments, mining companies in the precious metals sector are also seeing increased attention. While the spotlight often shines on the latest trends in tech stocks or banking, the ongoing upward movement in mining stocks presents a potentially lucrative opportunity for investors looking to hedge against economic risks and capitalize on long-term growth in the sector.
    Now, let's take a closer look...
    03.12.2024
  • Arizona Sonoran Copper Company Inc. an emerging US-based copper developer, is pleased to announce an amendment to the Industrial Air Permit has been received from the Pinal County Air Quality Division. The amended Aquifer Protection permit has been applied for and is currently under review by the Arizona Department of Environment and Quality, ADEQ. The amended Industrial Air permit pertains to a February 2024 Pre-Feasibility Study configuration, which excluded the MainSpring deposit. A subsequent Preliminary Economic Assessment , incorporating MainSpring, was issued in August 2024 and supersedes the 2024 PFS. The 2024 PEA contemplates an operation expected to produce 116,000 short tons of copper cathode per year over the first 20 years of a 31-year mine life. Through regular ...


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