Horizon Minerals Limited  Accomplished Mining Leader Strengthens Board

Horizon Minerals Limited Accomplished Mining Leader Strengthens Board

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to announce changes to its Board of Directors.

Experienced mining executive and director, Mr Warren Hallam, has agreed to join the Horizon Board of Directors as a Non-Executive Director effective 1 September 2024. Mr Hallam is currently a Non-Executive Director of St Barbara Limited and Poseidon Nickel Limited, and Non-Executive Chairman of Kingfisher Mining Limited.

Mr Hallam has a built a strong track record over 35 years in operations, corporate and senior leadership roles across multiple commodities. This includes previous Managing Director roles at Metals X Limited, Millenium Metals Limited and Capricorn Metals Limited. Mr Hallam is a metallurgist who also holds a Masters in Mineral Economics from Curtin University.

The Company also advises that Mr Jon Price has tendered his resignation as Non-Executive Director to focus on other business commitments, effective from 31 August 2024. Mr Price joined the Board of the Company in January 2016 as Managing Director and has guided Horizon through a transformational period of substantial resource growth prior to stepping down as Managing Director in June 2023.

Commenting on the Board changes, Non-Executive Chairman Mr Ashok Parekh said:

"We are delighted to welcome Warren to the board of Horizon as we transition the Company from an explorer to producer. We look forward to his guidance during this exciting growth phase.

On behalf of the board and broader Horizon team, I would also like to acknowledge and thank Jon for his significant contribution to the Company over many years and wish him well in his future endeavours."



About Horizon Minerals Limited:  

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.



Source:
Horizon Minerals Limited



Contact:
Grant Haywood
Chief Executive Officer
T: +61 8 9386 9534
E: grant.haywood@horizonminerals.com.au

Michael Vaughan
Media Relations - Fivemark Partners
T: +61 422 602 720
E: michael.vaughan@fivemark.com.au

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Horizon Minerals Limited  Phillips Find Mining Update

Horizon Minerals Limited Phillips Find Mining Update

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide an update on the development of the Phillips Find Gold Project ("Phillips Find").

HIGHLIGHTS

- Joint Venture (JV) Agreement executed with BML Ventures Pty Limited (BML) to develop and mine two open pits at Phillips Find

- All management, technical, operational and maintenance roles to be undertaken by BML with oversight by the Company

- Low financial risk JV structure with BML to fund all project costs, with net cashflow after the asset recovery and repayment of costs to be split 50/50 between Horizon and BML

- Mining Proposal submitted to the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) to develop Phillips Find lodged in early June 2024 with approval expected shortly

- The Mining Proposal is the last key approval required to develop Phillips Find

- Existing 200kt Toll Milling Agreement executed with FMR Investments in May 2024 to be utilised for Phillips Find JV ore

- In light of awaiting final permitting, the milling schedule has been renegotiated with PhillipsFind ore treated at FMR Investments Greenfields mill from February 2025 to June 2025

- Timing of cashflows to Horizon are expected to be unaffected as initial cash from gold revenue will repay BML's working capital prior to splitting out surplus net cashflows on a 50/50 asis towards the end of the project

- Pre-production planning is well advanced, with clearing and site establishment crews and the200 tonne excavator ready to mobilise to site from mid-September 2024 subject to Mining Proposal approval.



About Horizon Minerals Limited:  

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

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Horizon Minerals Limited  Boorara Gold Project Mining Underway

Horizon Minerals Limited Boorara Gold Project Mining Underway

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide an update on the development of the Boorara Gold Project. The proposed mining project is 100% owned and located 15km east of Kalgoorlie-Boulder, adjacent to the Super Pit in the heart of the Western Australian goldfields (Figure 1).

HIGHLIGHTS

- Horizon approved the development of Boorara in late July 2024 to mine a series of four open pits containing 1.24 Mt of ore at 1.24 g/t Au for 49.5 koz of gold

- Mining to occur over 14 months and processing over 19 months at Norton Gold Fields' Paddington plant to generate $30 million in free cashflow at a gold price of A$3,600/oz

- Boorara mining services and surface ore haulage contracts awarded to Hampton Transport Services Pty Ltd ("Hampton") on competitive terms, with no mining contractor payments until first gold pour sold and funds received

- Hampton has successfully mobilised and established the site, and grade control drilling is well advanced

- Mining has commenced with the first drill and blast pattern fired last week to build up broken stocks in conjunction with free dig areas in Pit 2, the larger pit in the Regal zone of the Boorara ore system

- Excavation has commenced on single shift, transitioning to double shift by the end of August, with a second digger shift commencing in September and ramping up to four digger shifts by the end of September

- All activities have been undertaken productively and safely

- First ore on track to be mined in September and processed at Paddington in October 2024

Commenting on the mining of Boorara, Managing Director and CEO Mr Grant Haywood said:

"It is very pleasing to see mining accelerating at Boorara, with all activities being undertaken ahead of schedule and safely, which is a credit to the site team and our contract business partners.

We are eagerly awaiting mining progressing to expose first ore in September and pouring gold bars in October to give us first revenue from Boorara in this strong gold price environment.

This is a major milestone for Horizon as we commence our journey to be a long-term sustainable gold producer, delivering significant cashflows into the business to create further value through our significant portfolio of assets.

Next Steps

Complete Phase 1 of the grade control drilling program, and gradually ramp-up load and haul production activities throughout the remainder of August and September. First milling and gold production is expected in October 2024.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/11CT3RGX



About Horizon Minerals Limited:  

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

News Provided by ABN Newswire via QuoteMedia

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Horizon Minerals Limited  Nimbus Zinc Silver Project Update

Horizon Minerals Limited Nimbus Zinc Silver Project Update

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide an update on the Nimbus silver-zinc project, adjacent to the Boorara gold mine, 17km east-southeast of Kalgoorlie-Boulder in the goldfields of Western Australia (Figure 1*).

HIGHLIGHTS

- The current global Mineral Resource estimate for Nimbus stands at:

o 12.1Mt grading 52g/t Ag for 20.24Moz of silver and 0.9% Zn for 106kt zinc

- A high-grade subset exists within this global resource immediately below the historical pits and has a Mineral Resource estimate of:

o 260kt grading 774g/t Ag for 6.4Moz silver and 12.8% Zn for 33kt zinc

- Concept study has confirmed the optimal economic development pathway through mining of the higher-grade lodes and generation of a silver / zinc concentrate with more drilling required to increase overall tonnage and mine life

- Silver currently trading at A$42/oz and zinc at A$4,000/t

- A Programme of Work (POW) has been approved by DEMIRS and drilling expected to be undertaken in the first half of 2025 to drill test the exploration target

- Exploration Target defined below Nimbus to be tested.

Commenting on the Nimbus silver-zinc project, Horizon Managing Director and CEO Mr Grant Haywood said:

"We see the potential to grow the higher-grade core within the Nimbus resource at depth down plunge and along strike. Whilst we are firmly focussed on delivering on gold production at Boorara and Phillips Find, the Company will continue working to develop a longer-term production profile at Nimbus. We look forward to undertaking drilling in 2025 with the aim of increasing the resource prior to re-instigating a feasibility study for the project".

The Nimbus Project is sits 2km east of the Company's cornerstone Boorara project and 6.5km northnorthwest of Golden Ridge. Both Boorara and Golden Ridge are historic gold mining centres, with Boorara recommencing production activities.

The Nimbus mine site on granted mining leases M26/490 and M26/598 and easily accessed from the Kalgoorlie-Bulong Road via an unsealed haul road. The tenements are located within the Hampton Hill Pastoral Station (Figure 2).

The Nimbus Project was mined by Polymetals in two stages. Phase 1 (Jan 2004 - April 2005) concentrated on mining extremely weathered oxide material in the Discovery and East Pits. Phase 2 (Nov 2005 - May 2006) concentrated on mining remnant oxide and supergene material from the Discovery Pit. Ore treatment was undertaken at an onsite mill utilising a Merrill-Crowe circuit.

The Nimbus Silver-Zinc Project was placed on care and maintenance in 2007 after producing 3.6 Moz of silver from 318 kt of ore processed at a grade of 353 g/t Ag.

MacPhersons Resource Limited (MRP) completed due diligence in August 2011and purchased the Nimbus property on 8th September 2011 from Kalgoorlie Ore Treatment Company Pty Ltd (KOTC) in order to treat ore hauled from their proposed Coolgardie gold mining operations, some 55km to the west. MacPhersons fast tracked the development of the Nimbus project, securing financing and purchasing necessary plant infrastructure.

In June 2019 the former Intermin Resources Limited finalised its merger with MRP, becoming Horizon Minerals Ltd. The Nimbus project was put on hold pending review.

Nimbus was classified as a contaminated site by the Department of Water and Environmental Regulation (DWER) in 2006 as Contaminated - Remediation Required under the Contaminated Sites Act from the historic mining and processing of ore which restricted some activities. Following the merger with MacPherson Resources in 2019, Horizon undertook a Mandatory Review Audit process under the Contaminated Sites Act to carry out cleanup works to reclassify the site. The Company completed the clean-up in 2022 and the MAR report is nearing completion to submit to DWER to reclassify the site. The old plant was removed and the area rehabilitated. The mine office and other infrastructure is still in place and operational and on grid power.

An independent review by Australian Mining Consultants (AMC) and Sedgmen was commissioned in 2022 to assess the historic data, mine optimisations and metallurgical work to evaluate the optimal pathway forward for the project.

The review highlighted the potential of the project through underground mining the fresh higher-grade ore below the historic Discovery pit and generating a silver and a zinc concentrate for sale to potential offtake partners. A gold concentrate was also assessed to improve overall life of mine given the need for additional tonnage to underpin a concentrator at site.

Exploration Target Drilling Zones Identified

Given the drilling success to date along the Gretel-Nimbus-Brindabella trend and the potential for repeat high grade lenses at Nimbus deeps and along strike, a drilling campaign has been designed to commence in the first half of 2025 pending cashflows from gold mining operations.1 Exploration Target drilling zones identified below the Nimbus pits which remain untested are show below (Figure 3 and 4*).

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/UD6988IY



About Horizon Minerals Limited:  

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

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Horizon Minerals Limited  Quarterly Activities Report 30 June 2024

Horizon Minerals Limited Quarterly Activities Report 30 June 2024

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide the June 2024 Quarterly Activities Report. Horizon is an exploration and production company within the Kalgoorlie and Coolgardie regions of Western Australia.

A key objective for the Company is on near term gold production and exploration upside within our large tenement package of 939 km2. The Company holds numerous multi - commodity assets including 1.8 Moz of gold resources, the Nimbus Silver Zinc project, 50% of the Mt Thirsty Nickel Cobalt Manganese project in Western Australia, and listed investments including Richmond Vanadium Technology (ASX:RVT) which holds the world class 1.8Bt Richmond vanadium project in northwest Queensland.

Activities during the quarter focussed on completion of the merger with Greenstone Resources Limited (formerly ASX:GSR), conducted by way of schemes of arrangement under the Corporations Act 2001 (Cth), whereby Horizon acquired 100% of the fully paid ordinary shares and listed options in Greenstone, which completed on 18 June 2024.

The merger is a logical combination of complimentary assets resulting in a mineral resource base of 1.8 million ounces Au in the eastern goldfields of WA. This endowment allows the enlarged Horizon to deploy a dual track strategy of near-term gold production and cashflow through toll milling and JV opportunities whilst also undertaking work on the cornerstone Boorara and Burbanks assets for a longer life production scenario.

Following merger completion, integration of the assets and teams has been completed, and implementation of the strategy of near term cashflow from projects, culminating in the execution of an OPA for 1.24 Mt with Norton Goldfields to treat Boorara ore at their Paddington processing plant, and a TMA with FMR to treat ore at their Greenfields plant near Coolgardie.

Multiple studies continued and were commenced during the quarter for Boorara, Kalpini, Pennys Find and Phillips Find. Preproduction activities continued for the Cannon Underground Gold Project with dewatering ongoing and all tenders received from underground contractors.

Resource development work continued in the Cannon project area with a resource update for Monument, and estimation of a maiden resource for Pinner. There was minimal emphasis on drilling during the quarter as resources and expenditure focussed on preproduction activities aimed at getting assets into production to generate near term cashflow for the Company.

The balance sheet was strengthened with the shares in TSX and NASDAQ listed Vox Royalty Corporation sold for A$2.93 million (before broker commission and US withholding tax).

MINE DEVELOPMENT AND OPERATIONS

The Company has a clear strategy of bringing assets into production to bring cashflow into the business during current times of record high gold prices. During the quarter, the Company underpinned this strategy by securing ore treatment at two processing facilities over the course of the next 19 months. Development ready projects include the Cannon underground project and the Boorara open pit project. Multiple studies are advancing across the gold portfolio with the aim to be in sustainable production for the years to come.

*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/KMK82590



About Horizon Minerals Limited:  

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

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Horizon Minerals Limited  Group Mineral Resources Statement

Horizon Minerals Limited Group Mineral Resources Statement

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide an updated Mineral Resource Statement for the Company's gold projects located near Kalgoorlie-Boulder in the heart of the Western Australian goldfields (Figure 1*). In addition, following the merger with Greenstone Resources, the Company has also added the Burbanks, Phillips Find and 50% owned Mt Thirsty projects to the Company's resources.

Following the successful completion of the merger between Horizon Minerals Limited and Greenstone Resources Limited (formerly ASX-GSR), additional resource model work and reviews, the Company is pleased to provide a consolidated statement of group Mineral Resources as of 30 June 2024.

HIGHLIGHTS

- Mineral Resources currently stand at:

o 1.8Moz gold
o 20.2Moz silver, 104kt zinc
o 283kt nickel, 40.5kt cobalt and 296.2kt manganese (50% owned)

- Mineral Resources are underpinned by the large cornerstone Boorara and Burbanks assets

- Updated Mineral Resource Estimates (MRE) include a maiden MRE for Pinner, an update for Monument and a revision for Boorara which is currently under an Ore Reserve Study (ORS) from AMC Consultants

- Changes to the gold MREs include:

o Addition of 297,650oz from Burbanks open pit
o Addition of 167,920oz from Burbanks underground
o Addition of 13,000oz from Pinner
o Addition of 3,000oz from Monument, and
o Reduction of 20,240oz from Boorara

- Large Mineral Resource base and ongoing studies pave the way for a development profile aiming at sustained gold production and continuous cashflows

Commenting on the Group MRE upgrade, Managing Director and CEO Mr Grant Haywood said:

"It is very pleasing to have the Burbanks and Phillips Find assets under single ownership with Horizon's complementary and extensive project base. Together this provides 1.8 million ounce gold portfolio, which is a great platform to implement our near term strategy of cashflow from operations and further growth into the medium and long term".

The gold MREs include an updated Monument MRE and a maiden MRE for Pinner, both part of the larger Cannon project area, and a review of the cornerstone Boorara project. A summary of the revised MREs are as follows:

- Monument 740,000t grading 1.18g/t Au for 28,000oz at a 0.5g/t Au cut-off grade

- Pinner 330,000t grading 1.21g/t Au for 12,844oz at a 0.5g/t Au cut-off grade

- Boorara 10.53Mt grading at 1.27g/t Au for 428,000oz at a 0.5g/t Au cut-off grade

Cannon, Monument and Pinner Project Overview

The Cannon deposit (Figure 1*) is located 30 km east-southeast of Kalgoorlie in the Eastern Goldfields region of Western Australia on granted mining leases M25/333 and M25/357. The Cannon mine and surrounding area is dominated by mafic to ultramafic rocks of the Bulong Complex overlain by a sequence of felsic volcanics, volcaniclastics and sediments. Lithologies present include komatiitic mafics and ultramafics, peridotites, basalts and gabbros. Sedimentary rocks include shales and cherts with rare, banded iron formation. The geological structure is complex and dominated by the Cannon shear which is recognised as a key ingredient for local gold and possibly nickel sulphide mineralisation.

The gold mineralisation at the adjacent Pinner deposit is similar to Cannon and consists small pods of semi-continuous mineralisation with three dominant directions that highlight the structural complexity observed at Pinner. The dominant lodes trend SW/NE, N/S, and E/W with cross cutting faults influencing the geometry.

Gold mineralisation within the Monument deposit consists of two main zones oriented NNW and NW, dipping steeply to the west. There is some indication of faulting through the centre of the mineralised area.

Boorara Overview

The Boorara Gold Project is located 15 km east of Kalgoorlie-Boulder (Figure 1*) adjacent to the Super Pit, and 1 km southwest of the Nimbus Silver-Zinc Project site where established offices are connected to mains power and existing water supplies.

The deposit is hosted in a quartz dolerite comprising a sheeted quartz vein array system with bounding shear zones and late-stage cross faults. Mineralisation occurs as northwest dipping sheeted and stockwork quartz-carbonate vein arrays within the quartz dolerite host rocks, and steeply dipping zones along sheared geological contacts trending to the north-northwest.

*To view tables and figures with updated mineral estimates, please visit:
https://abnnewswire.net/lnk/181JSBZ2



About Horizon Minerals Limited:  

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

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PROSPECT RIDGE ANNOUNCES SUCCESSFUL COMPLETION OF COPPER RIDGE DRILL PROGRAM AT KNAUSS CREEK PROJECT

PROSPECT RIDGE ANNOUNCES SUCCESSFUL COMPLETION OF COPPER RIDGE DRILL PROGRAM AT KNAUSS CREEK PROJECT

Prospect Ridge Resources Corp . (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce the successful completion of its inaugural drilling program at the Copper Ridge zone within the Knauss Creek property, located south of the Golden Triangle, near Terrace, British Columbia . These are the first drill holes in a newly identified target. The data collected from these first-ever drill holes will help inform the next steps in the Company's exploration program at Knauss Creek.

Knauss Creek Project Update

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RUA GOLD Targets Significant Epithermal Gold System in the Hauraki Goldfield, New Zealand

RUA GOLD Targets Significant Epithermal Gold System in the Hauraki Goldfield, New Zealand

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) ("Rua Gold" or the "Company") is pleased to provide an exploration update for its Glamorgan Project in the Hauraki Goldfield, on the North Island of New Zealand and situated 2.8km north of OceanaGold Corporation's ("OceanaGold's") Wharekirauponga Project ("WKP") which has indicated resources of 1.01 Moz at 15.9 gt1.

The Company was granted a Minimum Impact Access Agreement ("MIA") from the Department of Conservation ("DoC") for its Glamorgan Project in August 2024. Following this, the exploration team was mobilized and has made excellent progress, including:

  • collecting 2,000 of the planned 3,000 soil sample program;

  • completing the first full phase of UAV drone magnetic geophysical surveying; and

  • commencing ground geological mapping.

Based on initial surface soil geochemistry, interpreted geophysical structures, and geological mapping, there is preliminary evidence that the Glamorgan Project has the hallmarks of a significant epithermal gold system, with surface features similar to the adjacent WKP gold deposit. Further exploration work is required to confirm whether a significant epithermal gold system exists.

Following its surface exploration work, the Company will design a drill program and apply for a full Access Agreement by the end of the year to commence drilling at the Glamorgan Project.

On March 7, 2024, OceanaGold included the accelerated development of WKP in New Zealand's newly introduced Fast Track Approvals Bill, creating a road map for Rua Gold. This Bill was introduced by the New Zealand Government in March 2024, and aims to provide a streamlined 'one stop shop' decision-making process to facilitate the delivery of infrastructure and development projects, including mining projects with significant regional or national benefits.

Robert Eckford, CEO, commented: "This is pleasing progress on the ground at our Glamorgan Project, and important verification of the historical work of Newmont and OceanaGold. The preliminary evidence of an epithermal system gives strong encouragement to have drill locations selected by the end of the year. The geology in the region is exceptional, as evidenced by the results coming from OceanaGold's nearby WKP project, and we see the exact same surface features at our Glamorgan Project. We have mobilized a highly experienced operating team with decades of region-specific geological knowledge."

Geochemistry

Preliminary pXRF soil results of the initial 1083 samples show strong arsenic anomalism (max 981ppm As) in southwest and northeast zones mirroring the historical trends. Arsenic is a reliable pathfinder closely associated in many gold deposits. These results complement the data collected from previous work of Newmont and OceanaGold soil analysis. Observed surface quartz vein outcrop (recognised by the soil teams) lie central to these geochemical anomalies. Initial gold results are anticipated in late October 2024.

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Geological Mapping

Detailed Anaconda style geological mapping has highlighted outcropping quartz veins, breccias and silicified alteration enveloping this veining. Strong banding, quartz-adularia, quartz breccia, and platy quartz after calcite are described in situ. The range of veins, and geographic spread of the vein and alteration observed indicate exposure of a very large fossil epithermal gold system.

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Magnetic (UAV Drone) Surveying

Ultra detailed magnetic surveying over a 3 kilometre by 5 kilometre area has provided a glimpse of very strong northeast structural faulting, along with circular features interpreted to represent rhyolitic domes adjacent to andesite flow units. These observations on the raw total magnetic field are preliminary. As the Company works on filtering the data, they will be looking to identify features of magnetite destruction (alteration) that accompanies and envelopes significant epithermal mineralisation.

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Environmental Studies

Work has commenced to establish baseline environmental requirements on drill sites as we work to submit our Access Agreement to allow for drilling. This work is ongoing and will be submitted before the end of the year.

About Glamorgan

Rua Gold's Glamorgan Project comprises of over 4,600 hectares in the Hauraki district, on the North Island of New Zealand. The district has produced over 15 million ounces of gold and 60 million ounces of silver, and is home to OceanaGold's most significant pipeline project, WKP, which has indicated resources of 1.01 Moz at 15.9 g/t2.

Rua Gold's Chief Operating Officer, Simon Henderson had previously joint-ventured both the Glamorgan Project and WKP Project and was a leading member of the exploration team that led to its discovery.

Grant of Deferred Share Units

The Company also announces that it has granted an aggregate of 392,363 deferred share units ("DSUs") to non-executive directors of the Company at a deemed price of $0.169 per DSU. The DSUs were granted in consideration for services provided by the non-executive directors for the period from July 1, 2024 to September 30, 2024. The DSUs were granted under the Company's Deferred Share Unit Plan adopted on April 17, 2024, and are subject to a one-year vesting period. Each DSU entitles the holder to receive one share of the Company at the time the holder ceases to be a director of the Company.

About Rua Gold

Rua Gold is an exploration company, strategically focused on two prolific gold districts in New Zealand with proven high-grade gold deposits, with a team that has a track record of success.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island. Rua Gold will have approximately 120,000 hectares of tenements (upon successful completion of the purchase of Reefton Resources Pty Limited, see announcement on July 15, 2024), in a district that historically produced over 2.0 million ounces of gold grading between 9 and 50 grams per tonne.

The Company's Glamorgan Project, a highly prospective project located within the North Islands' Hauraki district. It is within 3 kms of OceanaGold's biggest gold mining project, WKP. The Hauraki district has produced an impressive 15 million ounces of gold and 60 million ounces of silver. This project solidifies Rua Gold's position as a leading high-grade gold explorer in the region.

For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.

QAQC Soil Samples

A bulk sample of ~0.5-1 kg was collected in the field at the Company's Waihi base, and couriered to RGL's office for preparation. Samples were dried in a customized incubator, set at 38°C, for a minimum of two days. Once the samples were fully dried, they were sieved to

A 50-100-g fine-sieved (

ALS Brisbane is independent to Rua Gold.

Technical Information

Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure contained herein.

Rua Gold Contact

Robert Eckford

Chief Executive Officer

Tel: +1 604 655 7354

Email: reckford@RUAGOLD.com

Website: www.RUAGOLD.com

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-Looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to exploration and drilling programs at the Glamorgan Project; and regulatory approvals therefor. 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 may differ materially from those in the forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavourable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's base shelf prospectus dated July 11, 2024 (the "Base Shelf Prospectus"), and prospectus supplement dated July 19, 2024 to the Base Shelf Prospectus, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-Looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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Dynasty Gold Begins Phase Two 2024 Drilling at Thundercloud

Dynasty Gold Begins Phase Two 2024 Drilling at Thundercloud

Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to announce phase two of the Company's 2024 exploration program has started and its crew arrived at its Thundercloud property in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometers southeast of Dryden in northwestern Ontario.

"Drill results released on September 23, confirming grades up to 24.53 g/t gold within a broad zone of mineralization at Pelham, demonstrate the continuity of high-grade gold discovered in 2022 and 2023. These high-grade assay results have significantly expanded the resource (NI 43-101 Resource Estimate Report, dated September 27, 2021) in tonnage and grade," said Ivy Chong, president and CEO of Dynasty Gold Corp. "With additional drilling this fall and into next year, and gold trading above $2,600 an ounce, we anticipate the resource could expand considerably when the NI 43-101 Resource Estimate Report is updated."

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Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company") is pleased to announce that it has entered into an exclusivity agreement (the "Exclusivity Agreement") with Mable and Fable Limited ("Mable and Fable" or the "Investor"), an arm's-length private equity group focused on West African investments across various sectors including natural resources, banking, real estate, agriculture, and infrastructure sectors.

Pursuant to the Exclusivity Agreement, Zodiac Gold has agreed to negotiate exclusively with the Investor until December 31, 2024 with respect to a potential investment or strategic transaction between Zodiac Gold and the Investor. In exchange, the Investor has agreed to pay a US$2 million deposit to the Company (the "Deposit"), of which US$1 million will be funded immediately and US$1 million will be funded within 30 days.

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Element79 Gold Corp Secures LOI For Launching Tailings Reprocessing Business In Arequipa, Peru

(TheNewswire)

Element79 Gold Corp.

Vancouver, BC September 26, 2024 TheNewswire Element79 Gold Corp (CSE: ELEM, OTC: ELMGF, FSE: 7YS0, Hereinafter "Element79 Gold") a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects is pleased to announce the signing of a Letter of Intent (LOI) with S.M.R.L. PALAZA 16 (" Palaza "), marking a significant milestone in the Company's strategic efforts to restart the Lucero mine and concentrate its focus in the Arequipa, Peru region. This agreement represents a unique and substantial economic opportunity for both parties involved, with multiple additional social and environmental benefits for the local region and community.

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Couloir Capital is pleased to announce it has initiated research coverage on Silver Crown Royalties Inc. (CBOE CA: SCRI) (OTCQX: SLCRF) ("SCRI," or "Company"). The new report by Couloir Capital's Mining Analyst, Tim Wright, MSc., CFA, is titled "An emerging pure-play silver royalty company."

Report excerpt: "With the royalty and streaming business model, the royalty/streaming company provides funds to an operation (exploration, mining, mill, autoclave) in need of capital and, in return, either receive a portion of future revenue generated by an operation (royalty) or a portion of the physical metal produced (streaming). Royalties often cover multiple minerals or metals and offer no investor protection but are generally registered on title. Streams offer minimal protection for investors, are generally not registered on title, tend to cover a single element/mineral, and are considered a secured debt instrument. Registered on title means that a royalty/streaming agreement is legally recognized and attached to the property itself. This ensures that the rights to receive proceeds from any production remain intact if the property is transferred or sold.

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