Aurum Resources offers a compelling value proposition through its highly prospective gold assets in Côte d'Ivoire, a fast-emerging gold region in West Africa. Its cost-effective exploration strategy of drill rig ownership also distinguishes it from its peers.
Aurum Resources (ASX:AUE) is a mineral exploration company primarily focused on gold through its Boundiali and Napié gold projects in Côte d’Ivoire, West Africa.
Côte d'Ivoire's gold mining sector is experiencing significant growth and development, with several key projects contributing to the country's economic expansion. The overall gold mining sector in Côte d'Ivoire is supported by substantial investments in infrastructure and exploration.
Geopolitically, Côte d'Ivoire outperforms most developing countries in the world in political, legal, tax and operational risk metrics. Additionally, Côte d'Ivoire continues to make notable strides in its political stability and Absence of Violence and Terrorism Index.
Boundiali Gold Project – BD Target 1 Artisanal Working
In March 2025, Aurum completed the acquisition of 100 percent of Mako Gold, bringing together its strong balance sheet and industry-leading drilling efficiencies to accelerate resource growth across northern Côte d’Ivoire. The company now holds a 90 percent interest in the highly prospective Napié Project, a 224 sq km land package with a 30 km strike near Korhogo.
Aurum has delivered a major milestone in 2025 with a +50 percent increase in the JORC Mineral Resource Estimate at its Boundiali Gold Project in Côte d’Ivoire, adding 820koz for a total of 2.41Moz. This lifts the company’s group resources to 3.28Moz, including Napié, highlighting the scale and growth potential of Aurum’s portfolio.
Supported by a seasoned board and management team with deep gold sector expertise—and strengthened by its recent capital raising—Aurum is well-funded to expand resources and advance development plans that drive long-term shareholder value.
The Boundiali gold project in Cote d’Ivoire is located within the Boundiali Greenstone Belt, which hosts Resolute’s Syama gold operation (11.5 Moz) and the Tabakoroni deposit (1 Moz) in Mali. Neighbouring assets also include Barrick’s Tongon mine (5 Moz) and Montage Gold’s Kone project (4.5 Moz).
The Boundiali project area covers the underexplored southern extension of the Boundiali belt, where a highly deformed synclinal greenstone horizon traverses finer-grained basin sediments, and to the west, Tarkwaian clastic rocks lie in contact with a granitic margin. The project benefits from year-round road access and excellent infrastructure.
The first stage of drilling at Boundiali occurred from late October 2023 to end of November 2024 for both the BM and BD tenements (BM1 and BM2; BD1, BD2 and BD3 targets) and was designed to test below-gold-in-soil anomalies oriented along NE trending structures, define new gold prospects and define maiden JORC resources. With over 63,000m diamond holes drilled during this period, Maiden JORC gold resources estimate was delivered in late December 2024.
Drilling costs are estimated at US$45 per metre, as Aurum owns all of its eight drilling rigs and employs its operators, representing a significant value proposition relative to peers who use commercial drilling companies that charge upwards of $200 per meter. The company believes there is potential for multi-million ounce gold resources to be defined with hundreds thousands meters of drilling over years within the Boundiali Gold Project’s land holding areas.
The Boundiali gold project comprises four contiguous granted licenses: PR0808 (80 percent interest), PR0893 (80 percent and earning to 88 percent interest), PR414 (100 percent interest), and PR283 (earning to 70 percent interest). Historic exploration at PR0893 includes 93 AC drill holes and four RC holes. Airborne geophysical surveying, geological mapping and extensive soil sampling have also been performed at PR0893, while PR0808 has had 91 RC holes drilled for 6,229 metres along with geochemical analysis and modeling. Detailed geochemical sampling and drilling at PR414 revealed three strong gold anomalies and returned impressive high-grade results.
In May 2024, Aurum entered a strategic partnership agreement to earn up to a 70 percent interest in exploration tenement PR283, to be renamed Boundiali North (BN). Aurum, through subsidiary Plusor Global Pty Ltd, has partnered with Ivorian company Geb & Nut Resources Sarl and related party (GNRR) to explore and develop the Boundiali North (BN) tenement which covers 208.87sq km immediately north of Aurum’s BD tenement. Further to this agreement,
Aurum announced it has earned 80 percent project interest after completing more than 20,000 m of diamond core drilling.
Aurum has announced a maiden independent JORC mineral resource estimate of 1.59 Moz gold for its 1,037 sq. km. The Boundiali Gold Project comprises the BST, BDT1 & BDT2, BMT1 and BMT3 deposits. Drilling is ongoing on these deposits, and Aurum has identified other prospects at Boundiali which have yet to be drilled. Since October 2023, the company has completed an extensive 63,927-metre diamond drilling program. This aggressive exploration campaign has rapidly defined a significant gold resource of 50.9 Mt @ 1.0 g/t gold for 1.6 million ounces.
In August 2025, Aurum announced a 50 percent increase in the JORC Mineral Resource Estimate (MRE). The update adds 820koz, lifting Boundiali’s resource to 2.41Moz and boosting total group resources to 3.28Moz, including Napié. The 2025 MRE covers six deposits, including BST1, BDT1, BDT2, BDT3, BMT1, and BMT3, with drilling ongoing and additional untested targets offering strong growth potential.
Aurum is working towards completing an open pit PFS for the Boundiali Gold Project by the end of 2025. This will provide an evaluation of the project's economics and technical feasibility.
Aurum holds a 90 percent interest in the Napié Project in north-central Côte d’Ivoire, acquired through its takeover of Mako Gold. Located approximately 30 km southeast of Korhogo, the project covers a 224 sq km land package with a 30 km strike length along the highly prospective Napié Shear Zone.
As of June 2022, Napié hosts a JORC 2012 Mineral Resource Estimate of 868,000 ounces of gold (22.5 Mt at 1.20 g/t Au), based on the Tchaga and Gogbala deposits—two of four known prospects along the shear. To date, only 13 percent of the Napié Shear has been explored, leaving substantial potential for further discoveries.
Napié Project – Previous results with detailed mapping area on Komboro Prospect shown in black rectangle
Troy Flannery has more than 25 years’ experience in the mining industry, including nine years in corporate and 17 years in senior mining engineering and project development roles. He has a degree in mining engineering, masters in finance, and first-class mine managers certificate of competency. Flannery has performed non-executive director roles with numerous ASX listed companies and was the CEO of Abra Mining until October 2021. He has worked at numerous mining companies, mining consultancy and contractors, including BHP, Newcrest, Xstrata, St Barbara Mines and AMC Consultants.
Dr. Caigen Wang founded Tietto Minerals (ASX:TIE), where he led the company as managing director for 13 years through private exploration, ASX listing, gold resource definition, project study and mine building to become one of Africa’s newest gold producers at its Abujar gold mine in Côte d’Ivoire. He holds a bachelor, masters and PhD in mining engineering. He is a fellow of AusIMM and a chartered professional engineer of Institution of Engineer, Australia. Wang has 13 years of mining academic experience in China University of Mining and Technology, Western Australia School of Mine and University of Alberta, and over 20 years of practical experience in mining engineering and mineral exploration in Australia, China and Africa. Other professional experience includes senior technical and management roles in mining houses, including St. Barbara, Sons of Gwalia, BHP Billiton, China Goldmines PLC and others.
Mark Strizek has nearly 30 years’ experience in the resource industry, having worked as a geologist on various gold, base metal and technology metal projects. He brings invaluable geological, technical and development expertise to Aurum, most recently as an executive director at Tietto Minerals’, which progressed from an IPO to gold production at the Abujar gold project in West Africa. Strizek has worked as an executive with management and board responsibilities in exploration, feasibility, finance, and development-ready assets across Australia, West Africa, Asia, and Europe.
Ateve Zaninovich is a qualified engineer with over 25 years of experience in mining project development, business development, maintenance, and operational readiness, with a focus on gold, base metals, and lithium. He is currently director of operations at Kodal Minerals, where he is responsible for advancing the Bougouni Lithium Project. His previous roles include project director at Lycopodium Minerals for the Akyem Gold Project in Ghana and chief operating officer at Gryphon Minerals. Following Gryphon’s acquisition by Teranga Gold Corporation, he became vice-president of major projects and a member of Teranga’s executive management team.
Game-changing gold exploration at prolific Côte d’Ivoire, West Africa.
Nevgold Corp. (" NevGold " or the " Company ") ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce an updated Mineral Resource Estimate (" MRE ") for the Nutmeg Mountain gold project (the " Project ", " Nutmeg Mountain ") in Idaho.
Key Highlights
NevGold CEO, Brandon Bonifacio, comments: "This is another important milestone for NevGold and the Nutmeg Mountain gold project in Idaho as it further validates the quality of the asset located in a tier-one mining jurisdiction. We are pleased with the results of the updated MRE, as it illustrates the size and heap-leach grade of this at-surface, open-pit oxide gold project in the Western USA. The updated MRE also further validates the strong growth potential of mineralization at the Project, which remains open in multiple directions. We look forward to drilling the highly prospective targets that we have identified at surface and at depth. After completion of this MRE, we plan to advance to a Preliminary Economic Assessment (PEA) to further advance the Project to the next stage of development. We have an extremely favorable macroeconomic situation with the gold price and momentum in the US to advance high-quality, domestic mineral projects . "
Table 1: Nutmeg Mountain – Open-Pit, Heap-Leach MRE (see notes below)
| Cut-Off Grade Au g/t | Classification | Tonnes | Gold Grade Au g/t | Ounces Gold |
| 1.00 | Indicated | 5,433,000 | 1.31 | 230,000 |
| 1.00 | Inferred | 610,000 | 1.38 | 27,000 |
| 0.80 | Indicated | 10,061,000 | 1.12 | 362,000 |
| 0.80 | Inferred | 1,297,000 | 1.12 | 47,000 |
| 0.60 | Indicated | 19,025,000 | 0.92 | 560,000 |
| 0.60 | Inferred | 3,025,000 | 0.87 | 85,000 |
| 0.50 | Indicated | 26,353,000 | 0.81 | 688,000 |
| 0.50 | Inferred | 5,711,000 | 0.72 | 132,000 |
| 0.40 | Indicated | 37,167,000 | 0.71 | 844,000 |
| 0.40 | Inferred | 10,496,000 | 0.59 | 199,000 |
| 0.30 | Indicated | 52,556,000 | 0.60 | 1,014,000 |
| 0.30 | Inferred | 22,458,000 | 0.46 | 332,000 |
| 0.20 | Indicated | 74,205,000 | 0.50 | 1,186,000 |
| 0.20 | Inferred | 49,749,000 | 0.34 | 548,000 |
| 0.10 | Indicated | 95,465,000 | 0.42 | 1,294,000 |
| 0.10 | Inferred | 87,406,000 | 0.26 | 732,000 |
Notes:
Figure 1 – Plan view map of Nutmeg Mountain gold project. Black line outlines the larger unpatented Bureau of Land Management (BLM) project boundary, with orange outline defining patented claims and private leases which do not have limitations on disturbance acreage allowed, and can be drilled with a notice to the State of Idaho. Blue dashed lines represent identified targets based on numerous geological data layers and work completed at the Project . To view image please click here
Figure 2 – Cross-section looking north through the MRE block model with all blocks above a 0.10 g/t Au cut-off. Mineralization starts at surface, and there is further mineralization beneath the US$2350/oz pit-shell used in the MRE.
To view image please click here
Figure 3 – Cross-section looking north through the MRE block model with 0.60 g/t Au cut-off. The higher grade mineralization is within the 0.20 g/t Au cut-off MRE and starts at surface. To date, the Company has not completed any mine scheduling studies on the MRE. To view image please click here
Figure 4 – Map of Washington County district in Southwest Idaho including the Nutmeg Gold Trend, and emerging Hercules Copper Trend. Nutmeg Mountain is approximately 30 km from the Hercules Copper Trend. To view image please click here
Nutmeg Mountain – Summary
Nutmeg Mountain is a low-sulphidation epithermal gold deposit located in southwest Idaho, approximately 20 kilometers east of Weiser, Idaho, and 120 kilometers northwest of Boise, Idaho. The Project is approximately 1,724 hectares in size, which is comprised of 210 federal unpatented claims, 12 patented claims, and 2 private leases. The Project has 940 core, reverse circulation ("RC"), and rotary drill holes totaling over 71,625 meters of drilling.
Figure 5 – Map of NevGold's projects in the Western USA. To view image please click here
Nutmeg Mountain – Additional Exploration Potential
The work completed to date by the Company has identified several high priority drill targets for future drilling. Historical drilling was mainly focused on the outcropping and near-surface disseminated mineralization, which is primarily located on the patented mining claims and other privately owned ground. (Figure 1) NevGold has identified numerous additional near-surface gold targets on the unpatented mining claims surrounding the private ground. Additionally, the average drill hole depth at the Project is less than 75 meters, and to date the potential high-grade feeder veins typically associated with low-sulphidation epithermal gold systems have yet to be identified. Discovering additional near-surface disseminated gold mineralization and the potential high-grade feeder structures will continue to be the focus of NevGold's ongoing exploration.
Nutmeg Mountain Deposit Geology and Model
Nutmeg Mountain is a low-sulphidation epithermal gold deposit with exploration dating back to the 1980s. The Project is host to Miocene-age basalt and tuffaceous sediments, Payette Formation sandstone and siltstone, and lacustrine sedimentary rocks of the Pliocene-age Idaho Group.
Most gold mineralization that has been identified at the Project to date occurs within a north-trending graben, which is where most of the drilling has been concentrated. The graben is bounded by faults on the east and west, and sedimentary units change in thickness and character across the bounding faults. Mineralization is associated with multi-phase hydrothermal brecciation and veining, strong silicification, acid alteration, and faulting. Much of the surface alteration is composed primarily of opaline silica and appears to be replacement of Payette Formation sandstone.
There are four principal zones of mineralization. The Main Zone is the most significant in size and contains most of the gold in the MRE. Gold mineralization is hosted primarily in silicified Payette Formation sandstone that has been subjected to multiple phases of hydrothermal alteration, brecciation, and veining. The Main Zone mineralization occurs over a north-south distance of approximately 1,200 meters, a width from 250 to 500 meters, and a vertical thickness of up to 180 meters. Most of the gold in the MRE is situated in the top 75 meters of this vertical thickness, creating an opportunity to expand the resource vertically with further deeper drilling and additional data.
The North Zone underlies the narrow ridge crest at the north end of the Project, approximately 600 meters northeast of the Main Zone. In the North Zone, gold mineralization occurs as an oval, north-trending, tabular body that is up to 60 meters thick, approximately 335 meters long (N-S) and 150 meters wide. The Stinking Water Zone lies approximately 400 meters west of the North Zone and 600 meters north of the Main Zone. The Cove Creek Zone is located 600 meters southeast of, and approximately 170 meters lower than the Main Zone, with little to no surface expression.
Figure 6 – Plan view map of Nutmeg Mountain gold project with geology summary. The red outlines define the mineralization at a 0.20 Au g/t cutoff. The gold dash outline represents areas with additional mineralization potential.
To view image please click here
Drillhole Data and QAQC Procedures
Prior to the Company's work, the Project was evaluated by several historical work programs starting in the 1980s including geological mapping, geochemical and geophysical surveying, several metallurgical bulk samples and 934 core, RC, and rotary drill holes totaling 70,254 meters. In early 2023, NevGold completed five core holes totaling 1,371 meters, four of which were located within the known envelope of mineralization. The data from these holes have been used in the MRE.
There is minimal documented QA/QC procedures or data available for drill programs prior to 2008. The Company drill program utilized full industry-standard survey control and QAQC programs and is designed to systematically validate as much of the historical drilling as possible through collar surveys, re-logging, and re-sampling.
Reasonable Prospects of Eventual Economic Extraction
To support reasonable prospects for eventual economic extraction for the MRE, GMRS used the estimated block model to generate an optimized pit-shell using the following assumptions: a gold price of US$2350/oz, mining costs of US$2.20/tonne moved, processing costs including general and administration costs of US$5.50/tonne, heap-leach process recovery of 80%, and an overall pit slope angle of 50 degrees. Mining and processing costs are based on industry norms and benchmarking for this type of deposit and contemplated mining method.
Environmental, Social, and Governance Opportunities
As part of its commitment to environmental, social, and governance (ESG) practices, the Company has commenced a review of alternate energy potential near the Project. These alternate sources include geothermal, solar, and wind power generation. In particular, the Project is in an area of high geothermal energy potential with two geothermal projects already operating nearby. There are also a number of solar and wind power generation projects in Idaho. The Company is actively considering collaboration agreements with alternate energy partners to assess opportunities to lower the carbon footprint at the Project.
Technical Report
A technical report is being prepared on the Updated MRE in accordance with NI 43-101 standards, and will be available on the Company's website and on SEDAR+ at www.sedarplus.ca within 45 days of the date of this news release. The MRE was prepared by independent mining consulting firm GMRS.
Qualified Person Statements
Mr. Greg Mosher (P.Geo., M.Sc. Applied), Principle of GMRS is an independent "Qualified Person" under NI 43-101 and responsible for the MRE. Mr. Mosher has prepared and approved the scientific and technical information related to the MRE contained in this news release.
Greg French, CPG, the Company's Vice President, Exploration, and a "Qualified Person" under NI 43-101 has also reviewed and approved the scientific and technical information contained in this news release.
ON BEHALF OF THE BOARD
"Signed"
Brandon Bonifacio, President & CEO
For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-5033, or visit our website at www.nev-gold.com .
About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.
Please follow @NevGoldCorp on Twitter , Facebook , LinkedIn , Instagram , and YouTube .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Forward looking statements in this news release include statements with respect to estimates of mineral resources, the Company's future exploration plans with respect to the Project, the intention to complete future updated MRE's and a PEA and the timeline for completion, and the upgrade of inferred mineral resources to indicated mineral resources. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, which include the dangers inherent in exploration, development and mining activities; the uncertainty of mineral resource estimates; not achieving an updated MRE, a PEA and other exploration goals or estimates; actual exploration or development plans and costs differing materially from the Company's estimates; obtaining additional financing from time-to-time to continue operations; compliance with government regulation; stock market volatility that may adversely affect the price of the Company's securities; and the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
News Provided by GlobeNewswire via QuoteMedia
(TheNewswire)
 | |||||||||
 |  |  | |||||||
Vancouver, BC TheNewswire - September 16, 2025 Element79 Gold Corp (CSE:ELEM,OTC:ELMGF) (FSE:7YS0) (OTC:ELMGF) (the "Company" or "Element79") is pleased to announce that it has secured a two-year extension of its drilling permit for its 100%-owned Gold Mountain Project (formerly known as Long Peak), located along the prolific Battle Mountain trend in Nevada, USA.
Advancing Nevada Exploration Strategy
The Gold Mountain Project is a cornerstone of Element79's Nevada portfolio. Historical work and technical studies have highlighted drill-ready targets that will be central to the Company's exploration focus over the next two years. With the permit extension now secured, Element79 can move forward confidently with its development strategy in one of the world's most productive gold jurisdictions.
"Securing this two-year permit extension is a crucial step in ensuring continuity of our exploration strategy at Gold Mountain," commented Michale Smith, CEO of Element79 Gold. "We are now positioned to execute on our drill programs and advance the project toward resource development, with the intent of building long-term value for our shareholders."
About the Gold Mountain Project
The Gold Mountain Project, located along Nevada's Battle Mountain trend, is considered drill-ready with multiple high-priority targets already defined. Previous exploration has identified significant gold mineralization potential, with favorable geology consistent with major deposits in the region. Element79 Gold Corp has recently obtained a 43-101 property of merit technical report, compiling historic data, with completion and filing of the NI 43-101 Technical Report on September 3, 2025. Element79 intends to commence drilling activities under the extended permit to further delineate these targets and unlock the further value in the project.
Click Image To View Full Size
Figure 1 - Location map showing the location of the Gold Mountain project.
Click Image To View Full Size
Figure 2 - Map showing approved, Notice-level disturbance on the Gold Mountain property.
Click Image To View Full Size
Figure 3 - Maps displaying Au and Ag in rocks. The rock samples originated from a hand-drawn map and are thought to have been collected by Oro Nevada and Gold Ventures Inc.
Qualified Person
The technical information in this release has been reviewed and approved by Kim Kirkland, Fellow of AusIMM #309585, Chief Operating Officer of Element79 Gold Corp, and a "qualified person" as defined by National Instrument 43-101.
About Element79 Gold Corp
Element79 Gold Corp is a minin g company focused on the exploration and development of high-potential gold and silver projects. The Company's main focus is its Lucero Project, a past-producing, high-grade gold and silver mine in Arequipa, Peru, with near-term production potential. In Nevada, the Company is advancing its Gold Mountain and Elephant projects along the Battle Mountain trend, a world-class gold district. Element79 is also completing the spin-out of its Dale Property in Ontario into its wholly owned subsidiary, Synergy Metals Corp.
For more information about the Company, please visit www.element79.gold.
For corporate matters and Investor Relations inquiries, please contact:
Michael Smith, Chief Executive Officer
E-mail: ms@element79.gold
Phone: +1.604.319.6953
Cautionary Note Regarding Forward Looking Statements
This press release contains "forward‐looking information" and "forward-looking statements" under applicable securities laws (collectively, "forward‐looking statements"). These statements relate to future events or the Company's future performance, business prospects, or opportunities and are based on management's forecasts, estimates, and assumptions. Forward-looking statements include, but are not limited to, statements regarding exploration activities, the timing and scope of planned drill programs, and the potential mineralization of the Gold Mountain Project. Actual results may differ materially from anticipated results. Investors are cautioned not to place undue reliance on forward-looking statements.
Neither the Canadian Securities Exchange nor the Market Regulator accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Rio Silver Inc., (the company) further to its news releases dated March 26, 2025, June 25, 2025 and August 12, 2025, announces it has further amended terms of the acquisition from Peruvian Metals Corp. (Peruvian) for the Maria Norte project, located in the District of Huachocopla, Huancavelica, Peru.
Subject to applicable regulatory and other approvals, including that of the exchange, the amended terms of the transaction with Peruvian includes the issuance of an adjusted number of payment securities to be 9.9% of the Issued capital shares of the company up to but not exceeding four million shares calculated on the date immediately following the completion and closing of a financing announced on September 11, 2025, to be issued to Peruvian and including payment by Rio Silver to Peruvian in the amount of $22,500 (U.S.), paid, along with semi-annual payments of $25,000 (U.S.) in the aggregate amount of $250,000 (U.S.) will remain as option payments. All other prior released terms of the transaction have been eliminated.
In other company business, the board of directors is pleased to announce the issuance to consultants and employees of 1.14 million options to purchase one Rio Silver Inc. common share for a price of $0.125 per share for a period of two years. The issuance of these options is subject to regulatory vesting provisions and subject to approval from the Canadian Securities Exchange.
About Rio Silver
Rio Silver is a resource development company that has been selectively identifying and acquiring precious metal assets that are anticipated to produce near-term cashflow to best assist the Company's exploration / development plans, in a non-dilutive, shareholder-friendly way. We remain ever impressed and optimistic by the resilience and ingenuity of our host country as Peru continues to endorse supportive mining policies and continued growth, as evident by the continuing investment being witnessed throughout Peru.
ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.
Chris Verrico
Director, President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For further information,
Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.
News Provided by GlobeNewswire via QuoteMedia
New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce assay results from its maiden diamond drilling program at its 100% owned Moray gold project ("Moray") located 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. The six hole, 1,502 metre diamond drilling program completed by Enviro North Exploration Inc. out of Sturgeon Falls, Ontario, was completed between July 12 and August 14, 2025.
Highlights
William Love, Chief Executive Officer of New Break, commented, "The results from drillholes four and five represent the discovery of a new gold system and the best gold intersections ever returned at the Moray gold project. While historical drilling indicates that gold mineralization within the Fiset syenite intrusion at Moray may share similar characteristics to the syenite hosted Young-Davidson gold deposit, New Break now believes that sulfide mineralization within the Zavitz zone and below Trench 12, appears to have been remobilized and partitioned into the hematized mafic volcanics bounding the west flank of the Fiset intrusion. The recrystallized pyrite that carries gold is hosted in parallel westerly dipping breccia veins related to a contact metamorphic effect coincident with dilatant structural deformation flanking the west contact of the syenite intrusive. The syenite intrusive at Moray is interpreted to be three times the size of the intrusive at Young-Davidson by area, where little to no drilling has been carried out along the 3.7 km strike length of the western contact. Further drilling is planned to expand the Zavitz discovery zone."
Michael Farrant, President of New Break, further commented, "We are obviously thrilled with the results of this drilling program and wish to thank our largest shareholder and his wife, Ross and Patricia Quigley for their ongoing support, without which, this discovery would not have been possible. Ontario Junior Exploration Program grants provided by the government of Ontario were also a big help in funding our exploration efforts to date. Northern Ontario is one of the best jurisdictions in the world to make gold discoveries, where our efforts to date have resulted in a significant new discovery with excellent potential for expansion. With the price of gold hitting new all-time highs, the environment for rewarding our shareholders with a new gold discovery could not be better."
Table 1 - Moray Summer 2025 Select Drill Intercepts
| Hole ID | From (m) | To (m) | Width (1) (m) | Au Grade (2) (g/t) |
| NBR-25-01 | 47.0 | 48.0 | 1.0 | 0.41 |
| And | 119.0 | 120.0 | 1.0 | 1.25 |
| And | 140.0 | 140.5 | 0.5 | 0.48 |
| And | 270.0 | 272.0 | 2.0 | 0.67 |
| NBR-25-02 | 142.0 | 143.0 | 1.0 | 1.58 |
| NBR-25-03 | no anomalous assays | |||
| NBR-25-04 | 100.3 | 115.1 | 14.8 | 3.35 |
| Including | 100.3 | 104.3 | 4.0 | 7.25 |
| Also Including | 105.8 | 108.1 | 2.3 | 2.81 |
| Also Including | 112.5 | 115.1 | 2.6 | 5.07 |
| And | 146.4 | 147.2 | 0.8 | 6.70 |
| And | 153.0 | 155.0 | 2.0 | 1.15 |
| And | 166.0 | 171.7 | 5.7 | 3.44 |
| And | 183.0 | 187.0 | 4.0 | 1.34 |
| NBR-25-05 | 10.2 | 10.8 | 0.6 | 5.81 |
| And | 12.9 | 13.6 | 0.7 | 26.60 |
| And | 72.7 | 75.0 | 2.3 | 1.26 |
| And | 83.0 | 114.3 | 31.3 | 4.11 |
| Including | 107.2 | 114.3 | 7.1 | 6.75 |
| Also Including | 110.5 | 111.0 | 0.5 | 23.10 |
| Also Including | 112.5 | 113.0 | 0.5 | 38.50 |
| And | 187.0 | 187.5 | 0.5 | 2.06 |
| NBR-25-06 | 123.3 | 124.0 | 0.7 | 0.42 |
| And | 137.0 | 138.5 | 1.5 | 0.21 |
| And | 146.0 | 147.0 | 1.0 | 0.99 |
| And | 172.0 | 173.2 | 1.2 | 0.32 |
(1) Intervals are drill intersections and not necessarily true widths.
(2) Grams per tonne gold grade is calculated as weighted average grade over interval length.
Drillhole collar locations are detailed in Table 2. There are no material drilling, sampling, recovery, or other factors known that could materially affect the accuracy or reliability of the assay data.
Table 2 - Moray Summer 2025 Drillhole Collar Locations
| Hole ID | Length (m) | UTM Easting | UTM Northing | UTM Elevation | Azimuth (degrees) | Dip (degrees) |
| NBR-25-01 | 400 | 493477 | 5319829 | 370 | 20 | -50 |
| NBR-25-02 | 195 | 493268 | 5320022 | 373 | 360 | -50 |
| NBR-25-03 | 202 | 493513 | 5319996 | 369 | 360 | -50 |
| NBR-25-04 | 193 | 492503 | 5320217 | 359 | 90 | -50 |
| NBR-25-05 | 202 | 492522 | 5320182 | 368 | 108 | -50 |
| NBR-25-06 | 310 | 493570 | 5319900 | 376 | 90 | -50 |
| Total | 1,502 | |||||
| Coordinates are reported in UTM Zone 17 North, with units in metres. | ||||||
Figure 1 - Moray Property - Location of Summer 2025 Drilling Program in the Zavitz Zone - refer to OGS map P3822
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8019/266766_169f597fe4d2787a_001full.jpg
Figure 2 - Drillhole locations from six-hole Moray drilling program July 12 to August 14, 2025 - refer to OGS map M2290
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8019/266766_new%20break%20fig%202.jpg
Drillholes NBR-25-01, NBR-25-02 and NBR-25-03 were drilled to test potential gold mineralization within the syenite intrusive, following up on the 2022 discovery of gold bearing veins at Trench 1. With the exception of NBR-25-03, the first two drillholes did intersect anomalous gold values with accompanying sulfide mineralization.
Drillholes NBR-25-04 and NBR-25-05 were drilled to test the gold bearing shear vein discovered by New Break in Trench 12 (Zavitz zone showing) in July and August 2022, where New Break reported an assay of 70.60 g/t Au from a grab sample taken from the south end of Trench 12.
Drillhole NBR-25-06 was drilled to test a potential N-S structure interpreted from the Company's gradient IP survey completed from October to December 2024.
New Break is in the process of interpreting these drilling results with a view to establishing targets for a follow-up drilling program, which the Company hopes to undertake in the fall of 2025.
Technical Content and Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Peter C. Hubacheck, P. Geo., consulting geologist to New Break, and a Qualified Person as defined by National Instrument 43-101. Mr. Hubacheck certifies that this news release fairly and accurately reflects the technical information and data presented. New Break conducts its exploration activities in accordance with CIM Best Practices Guidelines.
QA/QC Procedures
QA/QC procedures were executed to ensure all work is conducted in accordance with best practices. All drill core was sawn in half with one half of the core prepared for shipment and the other half retained for future verification. All core is under watch from the drill site to the core processing facility. Drill core is BQTK size and sample intervals range from 0.5 metres to 1.0 metres in length. Commercially prepared certified reference material ("CRM") standards and blanks were inserted with each shipment at a rate of 1 QAQC sample in every 12 core samples. Samples from New Break's summer 2025 Moray drilling program were analyzed at Activation Laboratories in Timmins, Ontario, which is ISO 17025 certified, by 30-gram fire assay with atomic absorption finish. Any sample assaying greater than 10 g/t Au was re-assayed with fire assay gravimetric analysis.
About New Break Resources Ltd.
New Break is a proudly Canadian mineral exploration company focused on its Moray gold project located 49 km south of Timmins, Ontario, in a well-established mining camp within proximity to existing infrastructure, 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. Shareholders also remain leveraged to exploration success in Nunavut, one of the most up and coming regions in Canada for gold exploration and production through New Break's 20% carried interest in the Sundog gold project. The Company is supported by a highly experienced team of mining professionals. Information on New Break is available under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.newbreakresources.ca. New Break trades on the Canadian Securities Exchange (www.thecse.com) under the symbol CSE: NBRK.
For further information on New Break, please visit www.newbreakresources.ca or contact:
| William Love, Chief Executive Officer Tel: 519-272-6312 wlove@newbreakresources.ca | Michael Farrant, President and CFO Tel : 416-278-4149 E-mail: mfarrant@newbreakresources.ca |
No stock exchange, regulation securities provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to receipt of regulatory and stock exchange approvals, grants of equity-based compensation, renouncement of flow-through exploration expenses, property agreements, timing and content of upcoming work programs, geological interpretations, receipt of property titles, an inability to predict and counteract the effects global events on the business of the Company, including but not limited to the effects on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains etc. Forward-looking information addresses future events and conditions and therefore involves inherent risks and uncertainties, including factors beyond the Company's control. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise any forward-looking information, except as may be required by law. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's financial statements and management's discussion and analysis (the "Filings"), such Filings available upon request.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266766
News Provided by Newsfile via QuoteMedia
Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) ("Sranan" or the "Company") announces results from a saprolite interval of the initial drill hole, 25RADD-001, at the Randy's Pit target located on a 4.5-kilometre mineralized trend at the Tapanahony Project in Suriname. The hole intersected 11.5 metres (m) of 3.64 grams per tonne (gt) gold* in weathered mineralized saprolite from a quartz and gossan (oxidizedsulfide relicts-rich) ore zone.
The hole is 300 m north of Randy's Pit and 280 m north of the high-grade grab samples of up to 76.6 g/t gold reported in Sranan's new release dated July 31, 2025, where shafts were being excavated. Hole AP12-14 drilled by Iamgold in 2012 is nearby and also reported similar high-grade gold values and similar thicknesses in the saprolite, including an intersection of 13.5 m of 4.17 g/t gold1.
Table 1: Mineralized zone in hole 25RADD-001 drilled by Sranan Gold.
| Hole ID | Easting | Northing | Z | Azimuth | Dip | From (m) | To (m) | Interval (m) | Au (g/t) |
| 25RADD-001 | 766418 | 455438 | 159 | 230 | -50 | 23 | 34.5 | 11.5 | 3.64 |
| Including | 29.1 | 30.5 | 1.4 | 21.1 |
*Above 0.3 g/t gold with max 3 m of internal dilution
Dr. Dennis LaPoint, EVP of Exploration and Corporate Development, commented: "These initial drill results are key for testing the gold potential of the Randy's Pit target. The results in saprolite, where no prior mining has been conducted by small-scale miners, in addition to the trench results reported on September 9, 2025, define a gold-bearing corridor of 500 metres with gold present in the near-surface weathered rock. We expect continued drilling to define the grade, orientation and structural controls on the Randy's trend in unweathered rock.
"Trenching will be used to extend the Randy's Pit trend further south and diamond core drilling will test beneath Randy's Pit and the area to the north. Continued drilling will determine how the Randy's Pit trend and Poeketi mines to the north are linked structurally."
Samples were prepared and assayed by Filab in Paramaribo, Suriname. All samples >2 g/t were re-assayed with 50-gram re-assay and gravimetric assay. Standard QA/QC procedures were followed which showed a satisfactory level of reproducibility. Reject samples will be sent to an independent lab for confirmation of assay results following standard procedures. Channel sampling, trenching and drilling are used to determine average grade and thickness. The Company notes that the core sample intervals may not represent true thickness of mineralization.
1 Technical Report titled "TECHNICAL REPORT-TAPANAHONY PROJECT SIPALIWINI DISTRICT, EASTERN SURINAME" with effective date of May 15, 2025, filed on Sedar+ under Sranan Gold's profile. The Iamgold results reported have been validated by Dr. Criss Capps and Dr. Dennis LaPoint as part of the Technical Report.
About Sranan Gold
Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname's modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas of Suriname.
Sranan Gold also owns the Aida Property consisting of five mineral claims within the Kamloops Mining Division in British Columbia, Canada.
For more information, visit sranangold.com.
Qualified Person
Dr. Dennis J. LaPoint, Ph.D., P.Geo. a "qualified person" as defined under National Instrument 43‐101, has reviewed and approved the scientific and technical information in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company's EVP of Exploration and Corporate Development.
Information contact
Oscar Louzada, CEO
+31 6 25438975
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
Forward-looking statements
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company's exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company's public filings available on SEDAR+ (www.sedarplus.ca), under the Company's profile.
Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266514
News Provided by Newsfile via QuoteMedia
