Astral Resources presents a compelling investment case as an ASX-listed gold explorer with a 1.46 Moz resource base in Western Australia's premier Kalgoorlie region, anchored by its flagship Mandilla project which demonstrates robust economics with an AU$442 million NPV and 11-year mine life.
Astral Resources (ASX:AAR) is a gold mineral exploration company with three gold projects in tier 1 mining jurisdictions of Western Australia. The three assets are the Mandilla gold project, the Feysville gold project, and the Carnilya Hill gold project. The flagship and 100 percent owned Mandilla gold project has a mineral resource containing 1.27 million ounces (Moz) of contained gold. The other key project, 100 percent owned Feysville, hosts an updated Mineral Resource Estimate (MRE) of 5.0 Mt at 1.2g/t gold for 196 koz of contained gold . Feysville could potentially become a satellite source of high-grade ore feed for the flagship Mandilla gold project.
The scoping study completed at Mandilla unveils robust project economics. The cornerstone of the scoping study is the Theia deposit, which alone accounts for 81 percent of the total Mandilla mineral resource estimate. The deposit hosts a mineral resource estimate of 29 Mt at 1.1 g/t gold for 1.02 Moz of contained gold in one large open pit. The scoping study indicates a mine life of 11 years with an annual production of 100,000 oz in the first seven and a half years, dropping to 41,000 oz for the remaining three and a half years. The study outlines compelling financial metrics, including NPV@8 percent of AU$442 million, free cash flow of AU$740 million, and a payback period of nine months.
Astral benefits from a team of professionals boasting extensive expertise in geology and mining.
The company is led by managing director Marc Ducler, who has more than two decades of experience in the mining industry. The management team has a proven track record of executing several successful exploration and development projects, as well as M&A.
The Mandilla gold project is located within the northern region of the Widgiemooltha greenstone belt, approximately 70 kilometers to the south of the prominent mining hub of Kalgoorlie, Western Australia. Mandilla includes four deposits namely, Theia, Iris, Eos and Hestia. The cornerstone of the project is the Theia deposit, constituting 81 percent of Mandilla's resources, totaling 29 Mt at a grade of 1.1 g/t gold, amounting to 1.02 Moz of contained gold in a single open pit. Mandilla has a total mineral resource estimate of 37 Mt at 1.1 g/t gold for 1.27 Moz.
The scoping study indicates a mine life of 11 years with an annual production of 100,000 oz in the first seven and a half years, dropping to 41,000 oz for the remaining three and a half years. Astral estimates the pre-production capital spend at AU$191 million, and the project is anticipated to generate a free cash flow of AU$740 million (assuming a gold price of A$2,750/oz). The project’s NPV @8 percent is estimated at AU$442 million, and the IRR at 73 percent.
Drill collars at Theia deposit
Astral continues to advance exploration and resource expansion efforts at Mandilla. The company recently completed a four-hole 1,762-metre in-fill diamond drilling program at the Theia deposit late last year. Best results included: 28 metres at 2.63 g/t gold, 15.5 metres at 1.81 g/t gold, 9.6 metres at 27.6 g/t gold, 2.4 metres at 169.1 g/t gold, 24.9 metres at 4.14 g/t gold and 72.2 metres at 1.15 g/t gold.
Astral has commenced work on a pre-feasibility study at Mandilla, which is due in the June quarter 2025.
The Feysville project is situated in Australia's premier gold belt, merely 14 km south of the Golden Mile deposit, which boasts 70 million ounces, located in Kalgoorlie. The project's updated JORC 2012 MRE indicates 5.0 Mt at 1.2 g/t gold for 196 koz of contained gold. Including the Mandilla MRE of 37 Mt at 1.1 g/t gold for 1.27 Moz of contained gold, Astral’s total gold MRE is now calculated to be 42 Mt at 1.1 g/t gold for 1.46 Moz of contained gold (group MRE).
At Feysville, Astral is focusing on the high-grade Kamperman prospect. A recent 31-hole (3,834 m) reverse circulation (RC) drilling program at Kamperman returned encouraging assay results. The latest drilling program returned best assay results of 33 metres at 3.75 g/t gold, 22 metres at 5.21 g/t gold, and 22 metres at 4.44 g/t gold. This high success rate continues to indicate that Kamperman has the potential to be a substantial source of high-grade satellite ore for the Mandilla processing plant.
Mark Connelly is a mining industry veteran who has held positions of CEO and managing director with several multinational companies across many jurisdictions, including Australia, North America, South America, Africa and Europe. He has a proven track record in deal making and was principally responsible for the merger of Papillon Resources and B2 Gold Corp in October 2014 (value US$570 million), as well as the key person responsible for the merger of Adamus Resources and Endeavour Mining for US$579 million. He is currently the non-executive chair of Calidus Resources, Omnia Metals Group, Alto Metals, Warriedar Resources and Nickel Search.
Marc Ducler has more than 20 years of experience in the mining industry. He has held senior operational management roles with GoldFields, BHP, Fortescue Metals, MRL and Roy Hill. He was also the managing director of Egan Street Resources (a gold exploration and development company) until it was acquired by Silver Lake Resources (ASX:SLR).
Peter Stern has experience in corporate advisory, specializing in M&A and capital raising. He has spent six years with Macquarie Bank and three years with UBS and Deutsche Bank. He is a graduate of Monash University with a Bachelor of Science (geology major). Stern is a fellow of the Australian Institute of Company Directors and the chairman of Troy Resources.
David Varcoe is a mining engineer with over three decades of experience. He has extensive operational and managerial experience across various commodities, including gold, iron ore, copper, diamonds, coal, uranium and rare earths. His expertise spans board positions, operations management, project management and consulting. Varcoe is a principal consultant with the leading Australian firm AMC Consulting.
Justin Osborne is a geologist with over 30 years of experience in exploration. He was previously the executive director at Gold Road Resources (ASX:GOR), where he played a crucial role in developing the world-class Gruyere gold deposit (6.6 Moz gold). Osborne also held senior positions on the exploration executive team at Gold Fields. He was instrumental in developing the Damang Superpit project in Ghana and achieved significant discovery success at the St Ives gold mine.
Brendon Morton has over 20 years of experience, particularly in the global resources sector across Australia, Africa and Asia. He has held several executive financial and company secretarial roles with ASX-listed and unlisted companies in the resources industry.
Steve Lampron is a mining engineer with more than 20 years industry experience. As well as having worked in production roles for companies such as Placer Dome, Barrick and North American Palladium he has also worked as a Consultant for over 10 years.
Julie Reid has 36 years of experience working across Australia, Vietnam and Indonesia, covering a variety of commodities in diverse geological terrains. She holds a Bachelor of Applied Science from Curtin University of Technology.
Gold exploration with highly prospective assets in Western Australia
Equity Metals Corporation (TSXV: EQTY,OTC:EQMEF) ("Equity") reports new precious and base metal assays from the Summer '25 drill program on its 100% owned Silver Queen Au-Ag project, British Columbia, which continue to extend the lateral projection of the No. 3 North vein beyond the Company's 2022 Resource Estimate.
Assay highlights from the latest drilling include:
A 2.5 metre (Est. TT) interval averaging 1.2g/t Au, 79g/t Ag, 0.3% Cu, 0.3% Pb and 2.0% Zn (536g/t AgEq or 7.4g/t AuEq) including a 0.3 metre (est. TT) interval grading 0.8g/t Au, 295g/t Ag, 0.7% Cu, 10.7% Pb and 24.2% Zn (1,448g/t AgEq or 20.0g/t AuEq) from SQ25-157; and
A 1.3 metre (Est. TT) interval averaging 1.3g/t Au, 229g/t Ag, 1.6% Cu, 1.0% Pb and 8.9% Zn (800g/t AgEq or 11.0g/t AuEq) including 0.3 metre (est. TT) interval grading 1.9g/t Au, 413g/t Ag, 3.1% Cu, 0.4% Pb and 15.1% Zn (1,374g/t AgEq or 19.0g/t AuEq) from SQ25-159.
These holes intersected shallow extensions of the No. 3 vein northwest of historic underground workings.
An additional highlight is:
Historically, three separate veins have been identified in this target area through drilling and exploration at surface and underground. Multiple veins have been intersected in most holes during the current program, continuing to provide definition to each of these three vein sets. Of note, mineralization related to the No. 3 Vein is adjacent to historical mine workings, providing potential access advantages in any future development scenarios.
The Company also reports that it has now completed the drilling component of the Summer '25 drill program on the Silver Queen project. The program successfully extended the No 3 Vein up to 650 metres laterally to the northwest from the modelled 2022 Mineral Resource, with assays from thirteen holes having now been received. Assays from eight holes are pending, of which six tested the depth projection of the No. 3 Vein to over 450 metres below surface. Assays are anticipated in the coming weeks.
VP Exploration Rob Macdonald commented, "Mineralization identified in the current Summer '25 drill program continues the process of systematic expansion of high-grade gold and silver mineralization along strike and down dip from previously modelled mineral resources on the Silver Queen project. Further assays are pending that will be incorporated into our updated vein modelling and culminating in an updated Mineral Resource Estimate anticipated in late Q4 2025."
2025 Exploration Program Summary
Twenty-one core holes totalling 8,059 metres were drilled on the No. 3 North target. A short surface program consisting of reconnaissance soil and stream sediment sampling is currently underway to investigate several district-scale targets outboard from the No. 3 Vein system. Work in 2025 will continue to incorporate the new drill data into a revised exploration and resource model, in anticipation of a Mineral Resource update to be prepared in late 2025, and to continue exploration on the ever-expanding Silver Queen vein system into 2026.
The No. 3 Vein system contains the single largest resource currently identified on the Silver Queen property, and along with its southern extension, the NG-3 Vein, account for 65% of the currently modelled mineral resource on a AgEq basis. Extensions to the No. 3 Vein should be highly accretive to the current mineral resource. The updated NI43-101 Mineral Resource Estimate with effective date December 1st, 2022 is detailed in a News Release issued on Jan 16, 2023, which can be found by clicking here and the full Technical Report can be found on SEDAR+ and the Company's website.
Figure 1: Plan of Silver Queen project areaÂ
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5566/267500_769540f084feb8e0_002full.jpg
Figure 2: No. 3 North Longitudinal Section showing historical and 2024-25 drill intercepts. Historical Intercepts are semi-transparent. Drill holes with assays pending are shown in green
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5566/267500_769540f084feb8e0_003full.jpg
Table 1: Select Composites from 2025 Drilling on the No. 3 North Target
| Hole # | From (m) | To (m) | Interval (m) | ETT (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | AgEq (g/t) | AuEq (g/t) | Comments |
| SQ25-152 | 88.0 | 89.2 | 1.2 | 0.9 | 1.7 | 223 | 1.2 | 1.3 | 2.9 | 592 | 8.2 | No. 3 Vein |
| SQ25-153 | 200.8 | 201.8 | 1.0 | 0.8 | 0.4 | 87 | 0.3 | 0.7 | 9.2 | 457 | 6.3 | No. 3 Vein |
| and | 320.0 | 322.0 | 2.0 | 1.6 | 0.3 | 200 | 0.0 | 0.1 | 0.5 | 245 | 3.4 | |
| and | 381.5 | 382.6 | 1.1 | 0.8 | 0.0 | 641 | 0.0 | 0.1 | 0.3 | 659 | 9.1 | Footwall Vein (No. 1?) |
| SQ25-154 | 257.4 | 257.9 | 0.5 | 0.3 | 0.6 | 91 | 0.2 | 5.2 | 14.2 | 733 | 10.1 | No 3 Vein |
| SQ25-155 | 192.2 | -62.5 | 267.0 | NSV | NSV | NSV | NSV | NSV | NSV | NSV | NSV | |
| SQ25-156 | 135.3 | 135.7 | 0.4 | 0.3 | 1.7 | 179 | 1.9 | 2.8 | 2.6 | 638 | 8.8 | No. 3 Vein |
| and | 221.6 | 222.0 | 0.4 | 0.3 | 1.3 | 111 | 0.1 | 8.5 | 18.2 | 993 | 13.7 | No. 2 Vein |
| SQ25-157 | 120.7 | 123.7 | 3.0 | 2.5 | 1.2 | 79 | 0.3 | 2.5 | 7.0 | 478 | 6.6 | No. 3 Vein |
| inc. | 121.1 | 121.5 | 0.4 | 0.3 | 0.8 | 295 | 0.7 | 10.7 | 24.2 | 1448 | 20.0 | |
| and | 180.0 | 181.3 | 1.3 | 1.1 | 0.5 | 49 | 0.0 | 1.5 | 3.9 | 248 | 3.4 | |
| inc. | 180.8 | 181.3 | 0.5 | 0.4 | 0.8 | 88 | 0.1 | 2.8 | 8.3 | 486 | 6.7 | |
| SQ25-158 | 145.3 | 146.3 | 1.0 | 0.8 | VOID | VOID | VOID | VOID | VOID | VOID | VOID | No 3 Vein; Mined Out |
| and | 218.0 | 224.1 | 6.1 | 4.7 | 0.2 | 15 | 0.0 | 0.3 | 2.2 | 111 | 1.5 | 29.5% Dilution |
| inc. | 218.0 | 221.0 | 3.0 | 2.3 | 0.3 | 22 | 0.0 | 0.5 | 3.2 | 162 | 2.2 | |
| SQ25-159 | 197.6 | 199.9 | 2.3 | 1.3 | 1.3 | 229 | 1.6 | 1.0 | 8.9 | 800 | 11.0 | No. 3 Vein |
| inc. | 197.6 | 198.1 | 0.6 | 0.3 | 1.9 | 413 | 3.1 | 0.4 | 15.1 | 1374 | 19.0 |
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Notes: drill core samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP-ES analysis, High silver overlimits (>1000g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. Silver >10,000g/t re-assayed by concentrate analysis, where a FA-Grav analysis is performed in triplicate and a weighed average reported. Downhole composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and Au 70%, Ag 80%, Cu 80%, Pb 81% and Zn 90%.
Table 2: Collar Survey data
| Hole # | Survey Data | Collar Data | ||||
| UTM Coordinates_NAD83Z11 | AZ | DIP | Depth | |||
| Easting | Northing | Elev (m) | Deg | Deg | (m) | |
| Â | Â | Â | Â | Â | Â | Â |
| SQ25-152 | 648833 | 5995703 | 927 | 238 | -45 | 200 |
| SQ25-153 | 648543 | 5995946 | 952 | 218 | -45 | 399 |
| SQ25-154 | 648543 | 5995946 | 952 | 235 | -62 | 300 |
| SQ25-155 | 648543 | 5995946 | 952 | 235 | -62 | 300 |
| SQ25-156 | 648550 | 5995843 | 944 | 210 | -68 | 282 |
| SQ25-157 | 648550 | 5995843 | 944 | 244 | -45 | 192 |
| SQ25-158 | 648550 | 5995843 | 944 | 147 | -45 | 264 |
| SQ25-159 | 648550 | 5995843 | 944 | 140 | -72 | 213 |
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About Silver Queen Project
The Silver Queen Project is a premier gold-silver property with over 100 years of historic exploration and development and is located adjacent to power, roads and rail with significant mining infrastructure that was developed under previous operators Bradina JV (Bralorne Mines) and Houston Metals Corp. (a Hunt Brothers company). The property contains an historic decline into the No. 3 Vein and the George Lake Vein, camp infrastructure, and a maintained Tailings Facility.
The Silver Queen Property consists of 46 mineral claims, 17 crown grants, and two surface crown grants totalling 18,871ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The property remains largely under-explored.
About Equity Metals Corporation
Equity Metals Corporation is a member of the Malaspina-Manex Group. The Company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. The Company also has a controlling JV interest (57.49%) in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines. As well, the Company has an option to acquire a 100% interest in the Arlington Property, located within the Boundary District of south-central British Columbia where 2025 exploration work consisted of geophysics and diamond drilling designed to identify and delineate an apparent gold system. The Company is fully funded to undertake proposed 2025 exploration and development at Silver Queen and Arlington.
Robert Macdonald, MSc. P.Geo, is VP Exploration of Equity Metals Corporation and a Qualified Person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Silver Queen project and for the preparation of the technical information in this disclosure. He has reviewed and approved this news release.
On behalf of the Board of Directors,
"Joseph Anthony Kizis, Jr."
Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation
For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.
Neither 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. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267500
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Via InvestorWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 70+ brands within the Dynamic Brand Portfolio @ IBN ( InvestorBrandNetwork ) a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.
To view the full publication, "Record Gold Prices Create Unprecedented Opportunities for Near-Term Producers," please visit: https://nnw.fm/GMYGw .
Gold has reached a new record high as the U.S. dollar weakens and investors price in expectations of a Federal Reserve interest rate cut. At more than $3,500 an ounce, the yellow metal is shining brighter than ever, buoyed by concerns over inflation, currency debasement and slowing global growth. With the market environment pointing toward continued strength, companies with near-term production potential stand to benefit disproportionately.
LaFleur Minerals Inc. is one such company. Transitioning from explorer to producer, LaFleur's timing could not be better. With a fully permitted, recently refurbished gold processing mill in excellent condition and strategically located assets in one of Canada's most prolific mining belts, the company offers a unique value proposition for investors seeking to leverage rising gold prices.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 16,600 hectares (166 km 2 ) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings that make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals' fully refurbished and permitted Beacon Gold Mill is capable of processing more than 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.
For more information, visit the company's website at LaFleur Minerals Profile .
NOTE TO INVESTORS: The latest news and updates relating to LFLR are available in the company's newsroom at https://ibn.fm/LFLRF
About NetworkNewsWire
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Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce the first batch of results from Contact Sector and more precisely, the North Contact Zone (NCZ), from the fully funded 100,000-m drilling program (2 drill rigs) on its 100%-owned Cadillac Project, located in Val-d'Or (Abitibi, Quebec).
Strategic Highlights from Contact Sector
Drill Results of NCZ (Figure 1)
Significance for Investors
Next Steps
" The North Contact Zone continues to deliver strong results and, most importantly, provides strategic flexibility for the development of the Cadillac project. The near-surface operation potential enhances the attractiveness of NCZ and significantly contributes to the overall scale and value of the project . " – Philippe Cloutier, President and CEO of Cartier.
" The higher-grade gold intercepts are located near the sheared geological contact between the mafic to intermediate volcanics (Louvicourt Group) and the sedimentary rocks (Cadillac Group). This difference in rock hardness (rheological contrast) creates an ideal setting for mineralizing fluids and gold deposition. Hole CA25-524 confirms the good continuity of mineralization, which remains open both at depth and laterally. These results reinforce our belief that the Contact Sector holds significant gold growth potential. " – Ronan Deroff, Vice President Exploration of Cartier.
Figure 1 : Plan view, cross and long sections of the Contact Sector
Figure 2 : Photos of the drill core from hole CA25-524
Table 1 : Drill hole best assay results from Contact Sector
| Hole Number | From (m) | To (m) | Core Length** (m) | Au (g/t) Uncut | Vertical Depth (m) | Zone |
| CA25-523 | 207.0 | 213.0 | 6.0 | 0.9* | ≈155 | North Contact (3) |
| CA25-524 | 227.8 | 235.5 | 7.7 | 5.9* | ≈195 | North Contact (3) |
| Including | 228.4 | 230.5 | 2.1 | 16.7* | ||
| CA25-525 | 201.4 | 203.4 | 2.0 | 4.3 | ≈180 | North Contact (1) |
| And | 233.8 | 246.0 | 12.2 | 1.3 | ≈215 | North Contact (2) |
| And | 277.0 | 285.0 | 8.0 | 1.2 | ≈255 | North Contact (3) |
| And | 295.0 | 303.0 | 8.0 | 1.0 | ≈270 | North Contact (3) |
* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 55–80 % of the reported core length intervals.
Contact Sector
The Contact Sector is a highly prospective area featuring the North Contact Zone ("NCZ") and several newly defined high-priority drill targets.
The NCZ lies along an east-west trending, strongly sheared corridor (Héva Fault Zone), situated approximately 900 m north of the Cadillac Fault Zone, and occurs at the contact between the hanging wall mafic to intermediate volcanics (basalt to andesite) of Louvicourt Group and the footwall turbiditic sedimentary rocks (wacke-mudrock) of Cadillac Group. This lithological contact is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.
The NCZ, defined by at least three parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as sphalerite, galena and tourmaline are observed.
Milestones of 2025-2027 Exploration Program
100,000 m Drilling Program (Q3 2025 to Q2 2027)
The ambitious 600-hole drilling program will both expand known gold zones (Brownfield Growth) and test new shallow surface high-potential targets (Greenfield Discovery). The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier's recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.
Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)
The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.
Table 2 : Drill hole collar coordinates from Contact Sector
| Hole Number | UTM Easting (m) | UTM Northing (m) | Elevation (m) | Azimuth (°) | Dip (°) | Hole Length (m) |
| CA25-523 | 335670 | 5320160 | 364 | 207 | -54 | 234 |
| CA25-524 | 335670 | 5320160 | 364 | 211 | -65 | 282 |
| CA25-525 | 335670 | 5320160 | 364 | 224 | -72 | 312 |
Table 3 : Drill hole detailed assay results from Contact Sector
| Hole Number | From (m) | To (m) | Core Length* (m) | Au (g/t) Uncut | Vertical Depth (m) | Zone |
| CA25-523 | 168.0 | 169.0 | 1.0 | 2.2 | ≈125 | North Contact (2) |
| And | 196.6 | 197.1 | 0.5 | 2.2 | ≈140 | North Contact (3) |
| And | 207.0 | 213.0 | 6.0 | 0.9 | ≈155 | North Contact (3) |
| Including | 207.0 | 208.0 | 1.0 | 2.0 | ||
| Including | 208.5 | 209.0 | 0.5 | 1.5* | ||
| Including | 212.0 | 213.0 | 1.0 | 1.7 | ||
| CA25-524 | 227.8 | 235.5 | 7.7 | 5.9 | ≈195 | North Contact (3) |
| Including | 227.8 | 228.3 | 0.5 | 1.9 | ||
| Including | 228.3 | 228.9 | 0.6 | 18.4 | ||
| Including | 228.9 | 229.4 | 0.5 | 26.9* | ||
| Including | 229.4 | 229.9 | 0.5 | 1.9* | ||
| Including | 229.9 | 230.4 | 0.5 | 19.4 | ||
| Including | 232.0 | 233.0 | 1.0 | 4.1 | ||
| Including | 233.0 | 234.0 | 1.0 | 1.6 | ||
| Including | 234.0 | 235.0 | 1.0 | 1.5 | ||
| Including | 235.0 | 235.5 | 0.5 | 1.4 | ||
| CA25-525 | 201.4 | 203.4 | 2.0 | 4.3 | ≈180 | North Contact (1) |
| Including | 201.4 | 202.4 | 1.0 | 5.7 | ||
| Including | 202.4 | 203.4 | 1.0 | 2.8 | ||
| And | 233.8 | 246.0 | 12.2 | 1.3 | ≈215 | North Contact (2) |
| Including | 233.8 | 234.8 | 1.0 | 1.4 | ||
| Including | 235.7 | 236.7 | 1.0 | 3.0 | ||
| Including | 236.7 | 237.5 | 0.8 | 3.5 | ||
| Including | 239.0 | 240.0 | 1.0 | 2.3 | ||
| Including | 243.0 | 244.0 | 1.0 | 1.3 | ||
| Including | 245.0 | 246.0 | 1.0 | 2.0 | ||
| And | 277.0 | 285.0 | 8.0 | 1.2 | ≈255 | North Contact (3) |
| Including | 277.0 | 278.0 | 1.0 | 1.7 | ||
| Including | 279.6 | 280.1 | 1.0 | 1.1 | ||
| Including | 282.0 | 283.0 | 1.0 | 2.3 | ||
| Including | 284.0 | 285.0 | 1.0 | 2.1 | ||
| And | 290.1 | 291.0 | 0.9 | 1.9 | ≈260 | North Contact (3) |
| And | 295.0 | 303.0 | 8.0 | 1.0 | ≈270 | North Contact (3) |
| Including | 295.0 | 296.0 | 1.0 | 2.1 | ||
| Including | 300.0 | 301.0 | 1.0 | 1.6 | ||
| Including | 302.0 | 303.0 | 1.0 | 1.8 |
* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 55–80 % of the reported core length intervals.
Quality Assurance and Quality Control (QA/QC) Program
The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier's coreshack facilities located in Val-d'Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.
Drill core samples are sent to MSALABS's analytical laboratory located in Val-d'Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assayâ„¢ technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.
Alternatively, samples are submitted to Activation Laboratories Ltd. ("Actlabs"), located in either Val-d'Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.
Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.
Qualified Person
The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).
About Cadillac Project
The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d'Or mining camp. Cartier's flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.
Using a gold price of US$1,750/oz, a Preliminary Economic Assessment demonstrated the economic viability of a 2-km segment, compared to the 15 km that will be the subject of the 100,000 m drilling program, with an average annual gold production of 116,900 oz over a 9.7-year mine life. Indicated resources are estimated at 720,000 ounces (7.1 million tonnes at 3.1 g/t Au) and inferred resources at 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). Please see the NI 43-101 ″Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions″ effective May 29, 2023.
About Cartier Resources Inc.
Cartier Resources Inc., founded in 2006 and headquartered in Val-d'Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada's most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier's strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.
For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com
Neither TSX Venture Exchange 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.
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Company Reports Exceptional Initial Metallurgical Results for Its US Mojave Project
Locksley Resources Ltd. (ASX: LKY,OTC:LKYRF; OTCQB: LKYRF) announced it has achieved significant results from initial metallurgical testwork completed by the company on samples collected from the Desert Antimony Mine (DAM) Prospect. These results validate that the Mojave Project can deliver feedstock required to underpin a domestic mine-to-market antimony supply chain. Recovery rates of the level indicated in the initial testing confirm Locksley's pathway to 100% Made in America Antimony, which is directly aligned with U.S. government priorities for onshore critical mineral supply security.
For the six samples assessed, antimony grades ranged from a low of 27.5% to a high of 39.1%. Recovery rates ranged from 82.9% to 85.9% among the six samples. Additional details are available here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02996029-6A1284968&v=c2533a54e2514fb77a8f93f84db686e1125273e9
"This is an excellent milestone to have achieved for the Mojave Project," said Julian Woodcock , Technical Director of Locksley Resources. "It demonstrates that conventional flotation technology is suitable to produce a stibnite concentrate from the Desert Antimony Mine Prospect. What is also remarkable is the success of the testwork on surface samples, which have been susceptible to oxidation. I am extremely encouraged by the results and optimistic that with further testwork we will be able to improve on this already high-quality first-pass outcome. This activity continues to rapidly advance our strategy to provide onshore supply of antimony to the U.S. market."
Concentrate from these tests was sent to Rice University to commence with Deep Eutectic Solvent Extraction testwork using Rice University's Deep Solvâ„¢ methodology, in conjunction with the recently announced partnership by Locksley and Rice .
Locksley Resources ( https://www.locksleyresources.com.au ) is an Australian-based explorer focused on critical minerals and base metals, with assets in both the U.S. and Australia . The company is actively advancing its U.S. asset, the Mojave Project, in California , targeting rare earth elements (REEs) and antimony. The company has also announced a strategic collaboration with Rice University to develop DeepSolvâ„¢, for domestic processing of North American antimony. The agreement is part of Locksley's U.S. Critical Minerals and Energy Resilience Strategy to accelerate "mine-to-market" deployment of antimony in the U.S.
Contact: Beverly Jedynak , beverly.jedynak@viriathus.com , 312-943-1123; 773-350-5793 (cell)
View original content: https://www.prnewswire.com/news-releases/locksley-continues-to-strengthen-its-position-in-paving-pathway-to-100-made-in-america-302562438.html
SOURCE Locksley Resources
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(TheNewswire)
FinEx Metals Ltd. (TSX-V: FINX) ("FinEx" or the "Company") is pleased to announce the successful completion of its 2025 summer field exploration program, including drilling 14 diamond drill holes totalling 2,483 metres across multiple target areas on its 100% owned Ruoppa gold project, located in the Central Lapland Greenstone Belt of Finland
The program included first-pass diamond drilling, trenching, geochemical sampling and Top-of-Bedrock (ToB) drilling within the Ruoppa East, Outamaa, Heinikko and Ruoppa Central zones, along with reconnaissance geochemical work at the nearby Nuuti area. The drill campaign was designed to test high-priority gold targets defined by earlier trenching and ToB drilling. Â Drilling focused on Ruoppa East where a series of high-grade gold targets intermittently extend over approximately 2.7 km.
Tero Kosonen, Chairman and Chief Executive Officer of FinEx, commented:
"Our 2025 summer field program was successfully completed with efficiency and I am very pleased with the excellent work of our technical team. Their efforts will generate a significant amount of new data from multiple high-priority gold targets. These results will be instrumental as we refine our geological model and prepare for the next phase of exploration."
The summer campaign comprised of the following:
Diamond Drilling – 2,483 metres completed
A first-pass diamond drill program of 14 holes was completed across multiple target areas within the Ruoppa project, testing structural features defined through surface geochemistry and geophysics.
Top-of-Bedrock Drilling – 553 samples collected
Shallow drilling was carried out to refine near-surface gold-in-soil anomalies and support drill targeting.
Ruoppa East: 395 samples
Heinikko: 158 samples
Trenching – 12 trenches totaling 1,041 metres
Mechanical trenching was undertaken to expose bedrock for structural mapping and sampling.
Ruoppa East: 10 trenches / 676 metres
Outamaa: 2 trenches / 365 metres
Soil Sampling – 328 samples collected
Soil sampling completed to identify subtle geochemical anomalies in areas with shallow overburden.
Nuuti: 291 samples
Ruoppa East: 14 samples
Ruoppa Central: 23 samples
Rock Sampling – 382 samples collected
Rock samples were collected from trenched zones and other surface exposures to support geological interpretation.
Ruoppa East: 307 samples
Outamaa: 75 samples
Drone Magnetic Survey
An approximately 140 km² high-resolution aeromagnetic survey was flown to assist with geological interpretation and targeting.
Click Image To View Full Size
Figure 1. Location of exploration work across the Ruoppa Project.
Diamond Drilling – 2,483 metres completed
A first-pass diamond drill program comprising 2,483 metres across 14 holes was completed in August and September (Figures 2 and 3). Drilling targeted structural trends and geochemical anomalies defined by trenching, ToB drilling and geophysical interpretation. This program represents the first systematic drill test of the Ruoppa project's subsurface potential. The Company expects to report initial assay results in late October to early November 2025.
Click Image To View Full Size
Figure 2. Â Location of drilling and trenching over topographic base, Ruoppa East Zone.
Click Image To View Full Size
Figure 3. Â Diamond drill at Ruoppa Gold project.
Top-of-Bedrock Drilling – 553 samples collected
A cost-effective shallow drilling program was completed to expand and infill the known gold-in-soil anomalies at Ruoppa East and test additional targets to the north. This ToB sampling methodology is widely practiced in Finland and has been used to make several discoveries including Ruppert Resources' Ikkari deposit located approximately 53 km southeast from the Ruoppa project.
Ruoppa East: 395 samples
Heinikko: 158 samples
Trenching – 12 trenches totaling 1,041 metres completed
Mechanical trenching was undertaken to extend the primary target zone at Ruoppa East toward the west and southwest (Figure 4). The program was designed to provide geological context including lithological contacts, veining and structural orientations.
Ruoppa East: 10 trenches / 676 metres
Outamaa: 2 trenches / 365 metres
Click Image To View Full Size
Figure 4. Â Trenching being excavated at the Ruoppa East target area.
Soil Sampling
Soil sampling was conducted across multiple target areas to detect subtle geochemical responses in glacial till-covered terrain. The program was mainly focused on identifying new gold and pathfinder anomalies in underexplored areas northeast of the main Ruoppa trend.
Nuuti: 291 samples
Ruoppa East: 14 samples
Ruoppa Central: 23 samples
Rock Sampling
Rock sampling was carried out across the Ruoppa East and Outamaa areas (Figure 5). A total of 382 samples were collected, including channel and chip sampling along trench walls.
Ruoppa East: 307 samples
Outamaa: 75 samples
Click Image To View Full Size
Figure 5. Rock sampling at Ruoppa East.
High-Resolution Drone Magnetic Survey
A 3,080 line-kilometre drone magnetic survey was completed at 50-metre line spacing, covering approximately 140 km² across the full extent of the Ruoppa project. The survey provides high- resolution data for structural interpretation, particularly shear zones, faults and lithological boundaries—key controls on gold mineralization in greenstone belt settings.
About FinEx Metals Ltd.
FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland. The Company's flagship Ruoppa project adjoins Agnico Eagle's Kittilä mine land position, the largest gold mine in Europe and in proximity to the land position that hosts Rupert Resources recent Ikkari discovery.
For more information, please visit the Company's website at www.finexmetals.net.
FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a "Qualified Person" ("QP") as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a Contractor and Shareholder of the Company.
On Behalf of the Board of Directors
Tero Kosonen
Chairman and Chief Executive Officer
+1 (604) 681-9100
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
bzerb@nqcapitalgroup.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed listing on the TSX Venture Exchange, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company's exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.
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Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to announce the mobilization of a second drill rig to the Tahami South area of its 100%-owned Tahami Project in Antioquia, Colombia.
The additional drill rig has been deployed to accelerate the ongoing 4,000 meters drill program following positive initial observations in the first holes at Tahami South.
"With a strong gold market, a supportive environment in Colombia, and positive initial observations at Tahami South, we have decided to mobilize a second drill rig," said Alexandre P. Boivin, CEO of Quimbaya Gold. "This decision reflects our commitment to advancing the project efficiently - Now is the time to accelerate!"
Marketing & Investor Awareness Agreements
The Company has also entered into agreements to expand investor awareness across leading digital platforms:
Neither CEO.CA, Northern Miner Group / EarthLabs nor Spark hold any securities of the Company.
"These marketing agreements will help ensure our accelerated exploration program receives the visibility it deserves as drilling advances," added Alexandre P. Boivin.
About Quimbaya
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.
Contact Information
Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com
Sebastian Wahl, VP Corporate Development swahl@quimbayagold.com
Quimbaya Gold Inc.
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Cautionary Statements
Certain statements contained in this press release constitute "forward-looking information" as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements herein include statements and information regarding the Offering's intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company's properties and any results thereof, the strength of the Company's mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company's, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company's exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company's mineral properties; an inability to finance the Company; obtaining required permitting on the Company's mineral properties in a timely manner; any adverse changes to the planned operations of the Company's mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company's projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company's ability to comply with environmental, health and safety laws. Although Quimbaya's management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.
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