The Conversation (0)
King River Resources Ltd (ASX: KRR) (“KRR” or the “Company”) received the final batch of assay results from phase 1 drilling for gold targets at the Kurundi Prospect (Figure 1) within the Tennant East Project area (KRR ASX release 6 November 2024).
Northern Territory Tennant Creek Gold-Copper Projects
This drilling is the second part of the KRR’s larger $2million drill budget to follow up on targets generated from the 2023 geophysics programme targeting prospective IOCG and gold areas at Rover East, Tennant East, Barkly and Kurundi, including multiple targets along strike of geophysical and geological trends associated with other known significant deposits of high-grade Copper and Gold including Rover, Bluebird and Mauretania (KRR ASX releases 8 March 2023, 31 May 2023 and 11 October 2023).
Figure 1: Tennant Creek Projects and recent exploration work (coloured polygons – KRR Tenements).
Last year, KRR allocated a $2million drill budget to follow up on targets generated from its extensive 2023 geophysics programme including targets at the Tennant Creek East, Rover East, Kurundi and Barkly Projects which are along strike of geophysical and geological trends associated with known deposits of high-grade copper and gold including Rover, Bluebird and Mauretania.
Click here for the full ASX Release
This article includes content from King River Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Lahontan Acquires Strategic Claims South of The York Pit, Expanding The Santa Fe Mine Project
Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that the Company signed a binding term sheet (the "Term Sheet") on August 18, 2025 to acquire 27 unpatented lode mineral claims (the "YorkClaims") from Emergent Metals Corp. ("Emergent"),adding approximately 2.1 km2 of strategic mineral rights to the Santa Fe Mine Project. The claims adjoin the Santa Fe Mine Project immediately south and southeast of the York open pit and gold mineral resource* (please see map below). Resource modeling completed as part of the recent Preliminary Economic Assessment ("PEA") of the Santa Fe Mine Project* demonstrated that gold-silver mineral resources extended in the direction of the York Claims. The acquisition of the York claims will allow the expansion of the York open pit and potentially, a substantial increase of mineral resources in the York area.
Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented: "Lahontan is very excited to acquire the York Claims that are directly adjacent to the York gold mineral resource*. The newly acquired claims will allow a considerable layback of the York pit during mine planning and in mineral resource estimation. Modeling of gold and silver mineralization at York in the Santa Fe Mine Project PEA was constrained by a pit shell that must honor the property boundary*. With the addition of the York Claims, that pit can be greatly expanded, potentially adding resource ounces plus opening up compelling targets for further gold and silver mineral resource expansion. Coupled with recently completed exploration drilling, the Company continues its path of growing size and scale of the Santa Fe Mine Project and enhancing shareholder value".
Emergent and Lahontan contemplate completing a Definitive Agreement (the "Agreement") within 30 days of signing the Term Sheet. The transaction (the "Transaction") is subject to all necessary approvals, including regulatory approval. Terms of the Transaction include:
- On signing the Term Sheet, Lahontan will pay Emergent's U.S. subsidiary, Golden Arrow Mining Corporation ("GAMC"), a sum of US$10,000.
- On signing the Agreement, Lahontan will issue GAMC a US$50,000 promissory note, with a 1% per month interest rate, and payable within six months of signing the Agreement.
- On signing the Agreement, Lahontan will issue 2,000,000 common shares of Lahontan Gold Corp. to GAMC or its designee.
- On signing of the Agreement, payment of the cash, issuance of the shares, and issuance of the promissory note outlined above, GAMC will facilitate the transfer of the York Claims to Lahontan or its designee, to be completed within 30 days.
- As part of the transfer, Lahontan will grant GAMC a 1% NSR royalty (the "Royalty") on the York Claims. At any time before the third anniversary of the Agreement, Lahontan may purchase the Royalty for US$500,000. After the third and before the seventh anniversary of the Agreement, Lahontan may purchase the Royalty for US$1,000,000. The terms and conditions of the Royalty will be defined in the Agreement.
Regarding scientific data on the York Claims by provided previous claimants, the QP has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the York Claims property that is subject to the disclosure.
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Lindholm was not an author for the Technical Report* and does not take responsibility for the resource calculation but can confirm that the grade and ounces in this press release are the same as those given in the Technical Report. For more information, please visit our website: www.lahontangoldcorp.com
* Please see the "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project", Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company's website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Executive Chair
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, and Executive Chair
Phone: 1-530-414-4400
Email: Kimberly.ann@lahontangoldcorp.com
Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange("TSXV") nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical 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 delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedarplus.com
Click here to connect with Lahontan Gold (TSXV:LG,OTCQB:LGCXF) to receive an Investor Presentation
Kobo Resources: Unlocking West Africa’s Untapped Gold Potential
Focused on unlocking West Africa’s untapped mineral potential, Kobo Resources (TSXV:KRI) is advancing its flagship Kossou Gold Project in Côte d’Ivoire. Strategically located next to Perseus Mining’s (TSX:PRU) producing Yaouré Gold Mine, Kossou benefits from access to infrastructure, skilled local labor, and strong logistical advantages.
Kobo’s value proposition rests on a seasoned leadership team and backing from strategic partner Luso Global Mining, part of engineering giant Mota-Engil. Beyond capital, this partnership provides access to world-class mining expertise. With a phased exploration strategy, Kobo is advancing near-term catalysts—including updated technical reports, metallurgical studies, and a 2025 drill campaign aimed at delivering a maiden resource in 2026.
Aerial view of the Kossou gold project in proximity to nearby infrastructure and operators The Kossou Gold Project (KGP) is Kobo Resources’ flagship asset in Côte d’Ivoire, located 40 km from Yamoussoukro and adjacent to Perseus Mining’s producing Yaouré Gold Mine. Covering 110 sq. km within the prolific Birimian greenstone belt, Kossou benefits from excellent infrastructure, logistical advantages, and strong exploration potential in one of West Africa’s fastest-growing mining jurisdictions.
Company Highlights
- Mining-friendly and Underexplored Location – Côte d’Ivoire’s gold production has grown significantly but still trails neighboring countries.
- Prime Location with Infrastructure Advantage – The Kossou Gold Project (KGP) is 40 km from Yamoussoukro and 9.5 km from a major operating gold mine.
- Proven Gold Discoveries with Strike Continuity – 24,471 m drilled at KGP with multiple mineralized zones that remain open along strike and depth.
- Promising Secondary Project – Kotobi gold project offers early-stage exploration upside in a highly prospective greenstone belt.
- Aggressive Growth and Near-term Milestones – +/- 20,000 m 2025 drill program targeting priority zones and advancing toward a potential MRE in 2026 with a strong project pipeline.
- Strong Team and Strategic Backing – Decades of exploration success combined with a strategic partnership with Luso Global Mining (Mota-Engil).
This Kobo Resources profile is part of a paid investor education campaign.*
Click here to connect with Kobo Resources (TSXV:KRI) to receive an Investor Presentation
