
May 22, 2025
Great Boulder Resources (“Great Boulder” or the “Company”) (ASX: GBR) is pleased to provide an update on exploration at the Company’s flagship Side Well Gold Project (“Side Well”) near Meekatharra in Western Australia which hosts a Mineral Resource Estimate (“MRE”) of 668,000oz @ 2.8 g/t Au.
HIGHLIGHTS
- RC drilling beneath recent gold discoveries (announced 20/01/25, 25/02/25 & 12/03/25) at Side Well South has confirmed additional gold mineralisation, with highlights including:
- 14m @ 1.64g/t Au from 83m, including 4m @ 3.59g/t Au from 86m in 25SWRC001
- 19m @ 0.84g/t Au from 28m, including 5m @ 2.01g/t Au from 36m, & 4m @ 1.77g/t Au from 53m in 25SWRC003
- 8m @ 1.68g/t Au from 107m in 25SWRC004
- Assay results are pending for a further 16 RC holes in this program
- AC drilling has extended the Eaglehawk deposit by a further 200m, remaining open to the south, with significant results including:
- 8m @ 2.19g/t from 60m, including 4m @ 4.23g/t Au from 64m in 25SWAC137
- Drilling is continuing at Side Well South, with the rig completing a Phase 2 AC program
- The Ironbark scoping study is on track to be delivered during the current quarter
Great Boulder’s Managing Director, Andrew Paterson commented:
“It’s really exciting to see immediate progress at Side Well South, hitting a broad intersection of shallow gold in our first RC hole. We’ve now confirmed primary gold mineralisation on two of the initial AC discoveries announced earlier in the year, with assays pending from another 16 RC holes.”
“Side Well South is shaping up as an important target for future resource growth at the project. Our initial AC program intersected gold in four new areas with geological settings analogous to our Ironbark and Saltbush deposits, which is very promising. We also have several large, coherent geochemical targets further south in the Tal Val area that are yet to be drill tested.”
“Our AC drilling in the central corridor has extended the Eaglehawk deposit by approximately 200m, and it still remains open to the north. We also drilled six AC holes into the Mulga Bill East area - which hasn’t been drilled for two years – and found more gold along that trend, so there will be more follow-up work in both areas.”
“We have also formalised our near-term growth expectations at Side Well in the form of an Exploration Target, which is based upon upside expectations within our current resources and active gold prospects. The target doesn’t include any of the high-priority geochemical targets that we’ve not yet drilled, so I think it’s a fairly conservative number for what we can see right now. It’s an Exploration Target and not a resource estimate, so please read the disclaimers.”
“There is huge upside potential beyond these current target areas, and we look forward to illustrating that as our exploration programs unfold.”
Figure 1: Recent RC results at Side Well South have confirmed gold discoveries made in earlier first-pass AC drilling
Click here for the full ASX Release
This article includes content from Great Boulder 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.
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19h
Harvest Gold Identifies 15 Primary And 10 Secondary Targets For Its Diamond Drill Program At Its Mosseau Project In Quebec
Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold ” or the “Company ”) is pleased to announce the finalization of drill targets for its planned diamond drill program at the Company’s Mosseau Project, located in the Urban-Barry Greenstone Belt of Quebec (Figure 1).
Rick Mark, President and CEO of Harvest Gold, states: “Our geological team has done a tremendous job in compiling and collating the many datasets from the historic work of many companies in the northern area of Mosseau. They also built a new database for the central area with Harvest Gold’s 2024 air and ground programs data, captured using today’s technologies, layered over the data from historic work done sporadically. Drill permits are secured and a drill contract for a 5,000-metre program is signed. We are ready to drill.”
The planned 5,000 metre diamond drill program will focus on testing near-surface gold targets in two key areas of the property, the northern and central areas. (Figure 2, Figure 3, Figure 4). Both of these areas host similar geological, geophysical and structural features:
The more known northern area hosts numerous gold showings that remain open along strike and at depth.
The central area, and particularly the Kiask River Mineralized Corridor, has seen very limited historical exploration and was the focus of Harvest’s 2024 field work.
The drill targets have been developed through a detailed review and integration of:
- Historical showings
- Previous exploration work, including Induced Polarization and geological mapping surveys
- High-resolution airborne magnetic surveys
- Prospecting and reconnaissance mapping
- Soil sampling program
These exploration efforts have highlighted fifteen high-priority targets that can host significant gold mineralization. The planned drill program will also be the first systematic testing of the central area of Mosseau and is the beginning of unlocking the mineral potential of the Mosseau Project.
Permits Secured from Quebec Government
Harvest Gold is pleased to report that it has received the required Authorization to Initiate (ATI) permits from the Quebec Government, allowing the Company to proceed with its upcoming drill program. The ATI permits cover the planned drill sites and associated activities for the next two years, ensuring the program is compliant with all regulatory requirements.
Drill Contract Awarded to Forage Rouillier
The Company is also pleased to announce that it has awarded the drill contract for the upcoming program to Forage Rouillier Drilling, based in Amos, Quebec. Forage Rouillier is a highly regarded, locally-based contractor with extensive experience drilling in the Abitibi region. Harvest Gold looks forward to working with Forage Rouillier to execute the program safely and efficiently.
About Harvest Gold Corporation
Harvest Gold is focused on exploring for near surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.
Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 377 claims covering 20,016.87 ha, located approximately 45-70 km west of Gold Fields - Windfall Deposit (Figure 1).
Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories. Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.
Harvest Gold’s three properties, Mosseau, Urban-Barry and LaBelle, together cover over 50 km of favorable strike along mineralized shear zones.
Figure 1: Project Location: Urban-Barry Greenstone Belt
Figure 2: Drill targets in the northern part of the Mosseau property (Geology)
Figure 3: Drill targets in the central part of the Mosseau property (Geology)
Figure 4: Drill targets in the central part of the Mosseau property (Magnetics)
Qualified Person Statement
All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark
President and CEO
Harvest Gold Corporation
For more information please contact:
Rick Mark or Jan Urata
@ 604.737.2303 or info@harvestgoldcorp.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.
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold 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.
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. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. 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 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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23h
Western Australia Approves Aston Minerals and Torque Metals Merger
Aston Minerals (ASX:ASO) and Torque Metals (ASX:TOR)made a joint announcement on Tuesday (June 10) acknowledging that the Supreme Court of Western Australia has approved their proposed merger.
First announced in January, the deal will see Torque acquire all of Aston's fully paid ordinary shares.
Aston’s delisting from the ASX is underway, with trading suspended on May 29. The company applied for termination of official quotation and removal from the ASX on the day the merger got the green light.
Torque's Western Australia-based Paris gold project will be one of the combined company's main assets.
Significant progress has been made at Paris recently, with Torque sharing the discovery of a new zone of shallow gold mineralisation at the site. The company also reported additional high-grade results from a drill campaign.
In May, Paris received AU$144,500 from the Australian government’s Exploration Incentive Scheme. The company said at the time that the funds would be used for forthcoming drilling.
“The immediate focus is on further defining shallow gold lodes and advancing Torque's first mineral resource estimate and maiden gold exploration target,” said Torque Managing Director Cristian Moreno.
Together, Torque and Aston will have 1.75 million ounces in gold resources across their exploration projects, focusing on areas in the Western Australian Goldfields and in Ontario, Canada.
Gold remains a coveted asset in 2025, with a projected record high average annual price of US$3,210 per ounce.
The new company will be led by Moreno, who will take the role of managing director. The board will also include existing Torque director Evan Cranston and Aston director Tolga Kumova.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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12 June
NevGold Extends Oxide Gold-Antimony Mineralization Over 1.7 Kilometers at Cadillac Valley Target: 2.28 g/t AuEq Over 30.5 Meters (1.29 g/t Au And 0.22% Antimony) Within 1.61 g/t AuEq Over 61.0 Meters (1.08 g/t Au And 0.12% Antimony)
NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce additional oxide gold-antimony (“Antimony”, “Sb”) results extending mineralization over 1.7 kilometers at the Cadillac Valley target at its Limousine Butte Project (the “Project”, “Limo Butte”) in Nevada. The Company continues to unlock the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world’s prolific mining jurisdictions.
Key Highlights
- Expands oxide gold-antimony mineralization at Cadillac Valley over 1.7 kilometers with results including
- LB119: 2.28 g/t AuEq* over 30.5 meters (1.29 g/t Au and 0.22% Sb), within 1.61 g/t AuEq* over 61.0 meters (1.08 g/t Au and 0.12% Sb)
- LB155: 1.01 g/t AuEq* over 36.6 meters (0.47 g/t Au and 0.12% Sb), within 0.77 g/t AuEq* over 59.5 meters (0.40 g/t Au and 0.08% Sb)
- LB141: 1.03 g/t AuEq* over 12.2 meters (0.57 g/t Au and 0.10% Sb), within 0.55 g/t AuEq* over 77.7 meters (0.41 g/t Au and 0.03% Sb)
- LIM-18: 0.86 g/t AuEq* over 22.9 meters (0.65 g/t Au and 0.05% Sb), within 0.38 g/t AuEq* over 74.7 meters (0.25 g/t Au and 0.03% Sb) in hole at the most northeast part of the Cadillac Valley target (Figure 1)
- *Gold equivalents (“AuEq”) are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.
- Mineralization at Cadillac Valley now expands over 1.7 kilometers northeast to southwest, and over 400 meters laterally (Figure 1, Figure 2)
- Over 27 oxide gold-antimony holes have been released highlighting the consistent results across the two key advanced target areas at Limo Butte; 19 holes at Resurrection Ridge and 8 holes at Cadillac Valley (Figure 3)
- Metallurgical testwork program continues with over 100 kg bulk sample from the Project and NevGold core drilling; positive progress has been made and results are expected over the coming weeks
Limo Butte Planned 2025 Activities / Status Update
NevGold will continue its active exploration program at Limo Butte including:
- Evaluate the historical geological database with focus on gold and antimony (completed);
- Evaluate and re-analyze historical drilling with focus on gold and antimony (in progress, continues);
- Metallurgical testwork (in progress, results over coming weeks);
- 2025 drilling of gold-antimony targets (in planning phase).
Figure 1 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results from the Cadillac Valley Target. To view image please click here
Figure 2 – Limousine Butte Gold-Antimony Project long-section at Cadillac Valley, with selected gold-antimony drillhole results. Thin colored discs show Antimony (Sb ppm) in drilling, and wide colored discs show Gold (Au ppm) in drilling. To view image please click here
Figure 3 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results at Resurrection Ridge and Cadillac Valley. The total strike length between Resurrection Ridge and Cadillac Valley is +5km.
To view image please click here
NevGold CEO, Brandon Bonifacio, comments: “The recent set of oxide gold-antimony results from Cadillac Valley significantly increases the size of the mineralization footprint at the target, which now extends over 1.7 kilometers northeast to southwest, and over 400 meters laterally. It is extremely encouraging to see the consistent hole thickness and oxide gold-antimony grades at both of our advanced target areas. We are focused on advancing both Resurrection Ridge and Cadillac Valley to the Mineral Resource Estimate (“MRE”) stage in 2025. We have also progressed our gold and antimony metallurgical testwork program, which is advancing with Kappes, Cassiday, and Associates (“KCA”) of Reno, Nevada, and we are expecting results over the coming weeks. We strongly believe we have one of the most advanced gold-antimony assets in the United States, and we will continue to focus on unlocking the value at the Project over 2025.”
Historical and Re-Assayed Drill Results
Hole ID | Length, m* | g/t Au | % Sb | g/t AuEq** | From, m | To, m |
Cadillac Valley | ||||||
LB119 | 61.0 | 1.08 | 0.12% | 1.61 | 146.3 | 207.3 |
including | 30.5 | 1.29 | 0.22% | 2.28 | 152.4 | 182.9 |
LB155 | 59.5 | 0.40 | 0.08% | 0.77 | 97.5 | 157.0 |
including | 36.6 | 0.47 | 0.12% | 1.01 | 97.5 | 134.1 |
LB141 | 77.7 | 0.41 | 0.03% | 0.55 | 61.0 | 138.7 |
including | 12.2 | 0.57 | 0.10% | 1.03 | 61.0 | 73.2 |
LIM-18 | 74.7 | 0.25 | 0.03% | 0.38 | 129.5 | 204.2 |
including | 22.9 | 0.65 | 0.05% | 0.86 | 129.5 | 152.4 |
LB22-007*** | 169.2 | 0.89 | 0.18% | 1.70 | 213.5 | 382.7 |
including | 54.4 | 2.26 | 0.13% | 2.85 | 213.5 | 267.9 |
also including | 3.10 | 0.76 | 2.76% | 13.15 | 259.2 | 267.9 |
LB22-006*** | 124.7 | 0.84 | 0.11% | 1.34 | 127.4 | 252.1 |
including | 24.3 | 1.32 | 0.20% | 2.23 | 160.6 | 184.9 |
LB22-019*** | 28.9 | 1.09 | 0.04% | 1.27 | 170.7 | 199.6 |
LB054*** | 12.2 | 0.42 | 0.08% | 0.79 | 12.2 | 24.4 |
*Downhole thickness reported; true width varies depending on drill hole dip and is ~70% to ~90% of downhole thickness.
**The gold equivalents (“AuEq”) are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.
***Selected drillholes released in previous News Release on April 10, 2025.
Limo Butte Geology & Antimony Summary
A review of historical geochemical and drilling data at the Limousine Butte Project has identified multiple areas with strong gold-antimony potential. These zones correlate closely with outcrops of the Devonian Pilot Shale, the primary host rock for Carlin-type gold mineralization in the area. Positive gold grade at Limousine Butte is typically associated with silicification and the formation of jasperoid breccias within the Pilot Shale, an alteration feature also observed in the positive antimony results.
Through the Project data review, the Company uncovered reports detailing two small-scale historic mining operations at the Nevada Antimony Mine and Lage Antimony Prospect within the Limo Butte Project boundary. The Nevada Antimony Mine featured two prospect pits that extracted stibnite (formula: Sb2S3) from a hydrothermal breccia. The Lage Antimony Prospect reported historical unverified sampling results with up to 14.46% Antimony with additional prospect pits extracting antimony.
Historical geochemical rock chip sampling within the past-producing Golden Butte pit from a Brigham Young University (“BYU”) Thesis study produced numerous results that exceeded 1% antimony in jasperoid breccias (see Figure 1). Several results were greater than 5% antimony, including a sample of 9.6% antimony with visible stibnite and stibiconite. BYU Thesis Report
Figure 4 – Limousine Butte Project with historical antimony in rock chips and soils. The total strike length between Resurrection Ridge and Cadillac Valley is +5km. To view image please click here
US Executive Order – Announced March 20, 2025
The Company is pleased to report the recent, sweeping Executive Order to strengthen American mineral production and reduce U.S. reliance on foreign nations for its mineral supply. Antimony (Sb) has been identified as an important “Critical Mineral” in the United States essential for national security, clean energy, and technology applications, yet no domestically mined supply currently exists.
The Executive Order invokes the use of the Defense Production Act as part of a broad United States (“US”) Government effort to expand domestic minerals production on national security grounds. As it relates to project permitting, the Order states that it will "identify priority projects that can be immediately approved or for which permits can be immediately issued, and take all necessary or appropriate actions…to expedite and issue the relevant permits or approvals." Furthermore, the Order includes provisions to accelerate access to private and public capital for domestic projects, including the creation of a "dedicated mineral and mineral production fund for domestic investments" under the Development Finance Corporation ("DFC").
This decisive action by the US Government highlights the urgent need to expand domestic minerals output to support supply chain security in the United States. This important Order will help revitalize domestic mineral production by improving the permitting process and providing financial support to qualifying domestic projects.
Importance of Antimony
Antimony is considered a “Critical Mineral” by the United States based on the U.S. Geological Survey’s 2022 list (U.S.G.S. (2022)). “Critical Minerals” are metals and non-metals essential to the economy and national security. Antimony is utilized in all manners of military applications, including the manufacturing of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and production, tritium production, flares, military clothing, and communication equipment. Other uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries) and clean-energy storage.
Globally, approximately 90% of the world’s current antimony supply is produced by China, Russia, and Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global mined antimony output and dominates global refinement and processing, announced that it will restrict antimony exports. In December-2024, China explicitly restricted antimony exports to the United States citing its dual military and civilian uses, which further exacerbated global supply chain concerns. (Lv, A. and Munroe, T. (2024)) The U.S. Department of Defense (“DOD”) has designated antimony as a “Critical Mineral” due to its importance in national security, and governments are now prioritizing domestic production to mitigate supply chain disruptions. Projects exploring antimony sources in North America play a key role in addressing these challenges.
Perpetua Resources Corp. (“Perpetua”, NASDAQ:PPTA, TSX:PPTA) has the most advanced domestic gold-antimony project in the United States. Perpetua’s project, known as Stibnite, is located in Idaho approximately 130 km northeast of NevGold’s Nutmeg Mountain and Zeus projects. Positive advancements at Stibnite including the technical development and permitting has led to US$75 million in Department of Defense (“DOD”) awards, and over $1.8 billion in indicative financing from the Export Import Bank of the United States (“US EXIM”) (see Perpetua Resources News Release from April 8, 2024) (Perpetua Resources. (2025))
Drillhole Orientation Details
Hole ID | Target Zone | Easting | Northing | Elevation (m) | Length (m) | Azimuth | Dip |
LB119 | CV | 665171 | 4415453 | 2026 | 269.7 | 130 | -75 |
LB155 | CV | 664635 | 4414684 | 2058 | 304.8 | 0 | -90 |
LB-141 | CV | 664995 | 4415167 | 2020 | 163.1 | 120 | -70 |
LIM-18 | CV | 665421 | 4415694 | 2034 | 219.5 | 0 | -90 |
LB22-007 | CV | 665211 | 4415453 | 2031 | 403.5 | 254 | -86 |
LB22-006 | CV | 664692 | 4414921 | 2042 | 379.8 | 144 | -77 |
LB22-019 | CV | 664433 | 4414318 | 2096 | 335.3 | 116 | -66 |
LB054 | CV | 665323 | 4415090 | 2059 | 157.0 | 0 | -90 |
Figure 5 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here
Grant of Options
The Company also announces that it has granted an aggregate of 2,600,000 stock options of the Company (each, a “Stock Option”) to certain directors, officers and consultants of the Company. Each Stock Option entitles the holder to acquire one common share of the Company at an exercise price of $0.33 per share at varying expiry dates between June 12, 2027 and June 12, 2030. The Stock Options were issued pursuant to the terms of the Company’s stock option plan. The Stock Options granted to directors, officers, and consultants of the Company vest immediately, and the Stock Options granted to investor relations service providers vest in the amount of 25% every three months following the date of grant over a 12-month period.
ON BEHALF OF THE BOARD
“Signed”
Brandon Bonifacio, President & CEO
For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com.
Historical Data Validation
NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. A 30g gold fire assay and multi-elemental analysis ICP-OES method was completed by ISO 17025 certified American Assay Labs, Reno.
The Company’s Qualified Person (“QP”), Greg French, Vice President, Exploration has completed a review of the historical data in this press release. The historic data collection chain of custody procedures and analytical results by previous operators appear adequate and were completed to industry standard practices. For the Newmont and US Gold data a 30g gold fire assay and multi-elemental analysis ICP-OES method MS-41 was completed by ISO 17025 certified ALS Chemex, Reno or Elko Nevada.
Geochemical ICP (5g) analysis for the Wilson, Christianson and Tingey report was completed by Geochemical Services Inc. and the XRF analyses (glass disk or pellets) by Brigham Young University.
Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person under National Instrument 43-101 and responsible for technical matters of this release.
About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements include, but are not limited to, the proposed work programs at Limousine Butte, and the exploration potential at Limousine Butte. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
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12 June
Drilling continues to return significant high-grade mineralisation
Wia Gold Limited (ASX: WIA) (Wia or the Company) is pleased to report further positive assay results for thirty-six (36) Reverse Circulation (RC) drillholes and nine (9) diamond drillholes (DD), totalling 9,349 metres, aiming to upgrade inferred resources and support resource growth at the 2.12Moz1 Kokoseb Gold Project (Kokoseb) in Namibia.
Highlights:
- Deep diamond drilling successfully returns high-grade gold mineralisation under the MRE pit shell, including:
- 26m at 7.90 g/t Au from 444.0m, including 13.3m at 13.39 g/t Au in KDD055
- 10.5m at 16.72 g/t Au from 427.5m, including 2.0m at 84.68 g/t Au in KDD059
- Shallow Reverse circulation (RC) drilling at Central Zone near KRC3312 positively extends this high-grade shoot with significant intercepts, including:
- 16m at 2.96 g/t Au from 198m, including 6m at 6.18 g/t Au in KRC389
- 28m at 3.44 g/t Au from 192m, including 8m at 8.40 g/t Au in KRC396
- Infill drilling for shallow resource conversion at NW and Northern Zones confirm the strong continuity in gold mineralisation, including the following intercepts:
- 21m at 1.50 g/t Au from 82.9m in KDD062
- 23m at 1.69 g/t Au from 208.0m in KDD063
- 45m at 1.13 g/t Au from 66m in KRC371
- 28m at 1.06 g/t Au from 127m in KRC373
- 20m at 1.13 g/t Au from 51m in KRC375
- None of the drilling results of the high-grade zone beneath the pit shell, the high-grade shoot (both in the Central Zone), or infill drilling at NW or Northern Zones, are included in the current Mineral Resource Estimate (MRE) – an updated MRE is expected in the coming weeks
- Drilling continues with one RC rig and three DD rigs at Kokoseb
Commenting on the results, Wia Executive Chairman, Josef El-Raghy, said:
“Kokoseb continues to show consistency in gold mineralisation at depth and along strike, with some excellent results from within and outside of the current pit shell outline. The accelerated drilling programme, with three DD rigs targeting the high-grade shoots at depth, and one RC rig focussing on infill drilling to improve our understanding of the current 2.12m oz Au resource, is bearing fruit with results to be included in the updated MRE due in the next few weeks.”
Figure 1 – Drill hole locations, focused at the northern area of Kokoseb, location of the cross sections of this announcement, and significant intercepts on drill holes reported in this announcement3 (DD drillholes purple background, RC drillholes white background)
Click here for the full ASX Release
This article includes content from WIA Gold, 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.
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11 June
Walker Lane Resources Webinar Highlights Strategic Path to Discovery and Value
Walker Lane Resources (TSXV:WLR) outlined its strategy as a high-grade gold and silver explorer focused on Nevada and BC in a recent webinar hosted by the Investing News Network.
In his presentation, Walker Lane President and CEO Kevin Brewer emphasized the company’s goal of discovering and advancing quality assets, then monetizing them near their peak exploration value.
“You want to find deposits, and then you start to maximize them. You may start a PEA (and) you may complete that. But at most stages, the best thing to do is try to sell the project at that (PEA) stage, because that will be the peak value,” Brewer said.
Two key projects were highlighted in the presentation. Tule Canyon in Nevada is drill ready, with historic mines, high-grade surface samples and a 5 kilometer mineralized corridor. Drilling is planned for late 2025. Amy in BC is a CRD-style deposit near Coeur Mining's (NYSE:CDE) high-grade Silvertip mine. It shows strong silver, zinc and antimony values, with gallium potential. Its proximity to Coeur Mining’s mill and Coeur’s right-of-first refusal underscore its strategic importance.
“A significant CRD deposit is located only 8 kilometers to the west of Amy, and according to Coeur Mining, which owns the Silvertip deposit and mine, it is one of the highest-grade silver-lead-zinc-critical minerals underground mines in the world, sitting within a prospective land package that includes the Amy deposit,” Brewer noted.
In 2024, Walker Lane optioned its Silverknife project to Coeur Mining in a deal worth over $6 million, with the potential for an additional $3 million.
Watch the full webinar presentation by Walker Lane Resources President and CEO Kevin Brewer above.
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11 June
GMV Minerals Inc. Extends Exclusive Option to Acquire Mexican Hat Mining Claims - Commissions Updated Preliminary Economic Assessment
GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) announces that it has elected to extend its exclusive initial five (5) year option ("Option") to purchase certain unpatented mineral claims ("Claims") located in Arizona (the "Mexican Hat Property") for an additional three (3) years by making an additional Option extension payment of US$5,000 to Hernandez Trust.
GMV's wholly owned subsidiary acquired 100% of the Mining Property Lease ( "Mining Property Lease" or "Lease") of Norman A. Pearson in the Mexican Hat Property pursuant to the terms of a mining property lease assignment agreement dated as of May 14, 2014 among GMV, Norman A. Pearson and Manuel R. Hernandez. Subsequent to the passing of Mr. Hernandez in 2019, the Claims and Lease were transferred and assigned to the Hernandez Family Trust (the "Hernandez Trust"). The Hernandez Trust and GMV entered into an Option to Purchase Agreement in respect of the Claims dated December 14, 2020, pursuant to which the Hernandez Trust granted GMV's subsidiary the exclusive initial five (5) year Option over the Claims that are the subject of the Lease by making certain quarterly option payments to Hernandez Trust.
If GMV elects to exercise and purchase the Claims during the term of the extended Option, then GMV will continue to be obligated to grant Hernandez Trust a net smelter return royalty (NSR Royalty) of 3% in accordance with the terms and conditions of the Lease. The NSR Royalty is subject to a buy-back right pursuant to which 1.5% of the NSR Royalty can be purchased by GMV in consideration for US$1,500,000.
Updated Preliminary Economic Assessment
In addition, the Company wishes to announce that it has commissioned an updated Preliminary Economic assessment on the Mexican Hat Property for the purposes of updating the cash flow analysis to reflect the change in gold price and inflation. The Report is expected to be completed in Q3 2025.
The Lead Consultant is Denver based Samuel Engineering, Inc. (Metallurgical Test Work and Recovery, Process Plant and Process Operating Costs, Project Economics and Infrastructure), and also includes; DRW Geological Consultants Ltd. (Property Description and Location, Accessibility, Climate, Local Resource, Infrastructure and Physiography, History, Geological Setting and Mineralization, Deposit Types, Exploration, Drilling, Sample Preparation, Analysis and Security, Data Verification), Mine Development Associates a division of RESPEC (Mine Design, Production Schedule, Capital and Operating Costs), Tierra Group International, Ltd. (Pad Design and Loading) and Stantec Consulting Services Inc. (Environmental).
About GMV Minerals Inc.
GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat Property, located in Cochise County, Arizona, USA. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing this asset and realizing the full mineral potential of the property through near term gold production. GMV has completed a Preliminary Economic Assessment (December 2020) in respect of the Mexican Hat Property, which is available under the Company's profile on SEDAR+ at www.sedarplus.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President & CEO
For further information please contact:
GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: info@gmvminerals.com
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company's filings with Canadian securities regulators. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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.
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