
March 13, 2024
Impact Minerals Limited (ASX:IPT) is pleased to announce that it has applied for three new exploration licences covering 720 km2 north of and contiguous with the company’s 100%-owned Arkun project, located 150 km east of Perth in the emerging mineral province of south-west Western Australia (Figures 1 and 2).
- Three new Exploration Licence applications submitted immediately north of the Arkun project along trend from the recently discovered REE soil geochemistry anomalies at Hyperion, Swordfish and Horseshoe as well as the Caligula copper anomaly.
- The new licences cover a further 720 km2 and increase the size of the Arkun project to 2,900 km2 in the emerging mineral province of southwest WA.
- The new licences are considered highly prospective for a range of strategic and battery metals, including REE and copper-nickel sulphides.
- Two significant EM conductors identified in government airborne EM lines that have never been drill-tested are priority areas for follow-up work.
- Statutory approvals and land access agreements are in progress for a maiden drill programme at Hyperion and other targets, alongside negotiations with drilling contractors.
- Soil geochemistry surveys are ongoing in the north and west parts of Arkun.
Impact Minerals’ Managing Director, Dr Mike Jones, said, “After the recent significant breakthroughs in the soil geochemistry programs that discovered our Hyperion and Caligula prospects, we have been able to expand our strategic ground holding in the emerging mineral province of the southwest Yilgarn province in Western Australia. The new applications contain strike extensions and similar geology to our newly discovered prospects and are easily accessible, allowing us to start groundwork quickly following the usual land access negotiations. We are also looking forward to our maiden drill program at Arkun early in the next Quarter and are well advanced in the approvals process and securing the appropriate drill rig.”
The three applications (ELA70/6598; ELA70/6604 and E70ELA/6595) share similar geology to and are along strike from the large and significant soil geochemistry anomalies recently identified for Rare Earth Elements (REE) at Hyperion, Swordfish and Horseshoe and copper-bismuth-cobalt at Caligula (ASX Releases January 4th 2024 and January 24th 2024). There has been no significant previous exploration of the new licences.
Impact now holds a strategic ground position that covers 120 km of trend of the Corrigin Tectonic Zone (CTZ) which marks a major crustal boundary between the South West and Youanmi Terranes of the Yilgarn Craton (Figure 1). The CTZ is host to major gold deposits at Katanning (>3 million ounces gold) and copper at Calingiri (>3 million tonnes of copper) as well as mafic-ultramafic rocks similar to those at the Julimar deposit (>10 million ounces of palladium).
Figure 1. Location and regional geological setting of Impact’s Arkun and other projects shown in blue in the emerging mineral province of southwest Western Australia. Significant nickel deposits are shown in orange, lithium deposits in green and gold deposits in yellow.
Impact considers the central and western part of the (CTZ) region to be highly prospective for a range of strategic and battery metals including REE, copper and nickel as well as gold and a significant number of targets have been identified within the current Arkun project area (Figure 2). Impact is looking to drill several of these anomalies in the next Quarter.
Two strong conductors have already been identified as priority areas for follow-up work in regional airborne electromagnetic data within the new licences (2.5D inversion of SkyTEM data: Figures 2 and 3).
Line 200401 has a 400 m by 300 m conductor at about 120 m depth (Figure 2), and Line 200501 has a 500 m by 200 m conductor dipping steeply west at 100m depth (Figure 3). The EM anomalies line up along a fault splay linked to Impact’s Caligula copper anomaly and this adds a further 40 km of prospective strike length to the Arkun project.
Click here for the full ASX Release
This article includes content from Impact Minerals, 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.
IPT:AU
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Successful Completion of the Renounceable Rights Issue
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Renounceable Rights Issue Closing Date
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Major drill targets identified at the Caligula Prospect
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44m
Providence Gold Mines Inc. Options La Dama de Oro Gold Property
Providence Gold Mines Inc. (“Providence” or the “Company”) announces that subject to Regulatory approval it has entered an option agreement to acquire the “La Dama de Oro Gold Property”. The property is a historical gold mine 100% owned by the Optionor, (” Mohave Gold Mining”), a private Company incorporated under the laws of the state of California.
Providence recently commissioned Ethos Geological Inc. of Bozeman MT to complete an NI 43 101 technical report, authored by Zachary Black, SME-RM acting as the Qualified Person under NI 43 101. The NI 43 101 technical report has been submitted for Exchange review and approval. A cautionary note: The property is at an early exploration stage and does not have sufficient data for a mineral resource.
The La Dama de Oro Property is situated in the Silver Mountain Mining District, within the structurally complex Eastern California Shear Zone and the intersection with the San Andreas Fault Zone. Bedrock geology includes Mesozoic quartz monzonite that intrudes the Jurassic Sidewinder Volcanics. The structural history of the region implies a sequence of compressional and extensional events that reactivated favorably oriented zones of weakness for the circulation of hydrothermal fluids. The main zone of mineralization is hosted by the La Dama de Oro Fault, a shallow northeast-dipping oblique-slip fault.
The mineralization at the property is classified as a structurally controlled, low-sulfidation epithermal gold-silver vein system. Gold and silver mineralization is associated with multi-phase quartz veining, brecciation, and pervasive hydrothermal alteration along the La Dama de Oro Fault. The largest known vein is 4.5 feet at its widest point and remains open to exploration, with the potential for additional undiscovered veins along the fault system. The property has an approved exploration permit that includes a bulk sample.
The Option entitles the Company the right to purchase 100% of the La Dama de Oro Gold Property under the following terms:
YEAR 1
Within 15 days of Regulatory approval the Company shall issue 2,000,000 common shares from treasury and incur $20,000 in expenditures within 12 months of the effective date.
YEAR 2
The Company shall issue an additional 2,000,000 common shares from treasury and incur $250,000 in expenditures before the second-year anniversary of the effective date
YEAR 3
The Company shall issue an additional 500,000 common shares from treasury and incur a further $250,000 in expenditures before the third-year anniversary date of the effective date
YEAR 4
The Company shall incur an additional $250,000 expenditures before the fourth-year anniversary of the effective date
Ronald A. Coombes, President & CEO of Providence commented; “The best place to explore for gold is where gold is, with the rich historical history of past gold production at the La Dama de Oro mine there remains very good discovery potential”.
The scientific and technical information contained in this news release has been reviewed and approved by Zachary Black, SME-RM, a Qualified Person as defined under NI 43-101. Mr. Black is a consultant and is independent of Providence Gold Mines Inc.
For more information, please contact Ronald Coombes, President, and CEO of the Company.
Ronald A. Coombes, President & CE
Phone: 604 724 2369
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Neither the OTCQB and or 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.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statement.
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3h
Pinnacle Silver and Gold
Investor Insight
Pinnacle Silver and Gold presents a compelling investment opportunity in the precious metals sector as it continues to advance its flagship high-grade El Potrero project in Mexico and its Red Lake, Ontario assets. The company’s proven business model focuses on rapidly reactivating past-producing mines to generate early cash flow, while simultaneously exploring for district-scale potential, offering a strong value proposition in a bullish gold-silver environment.
Overview
Pinnacle Silver and Gold (TSXV:PINN,OTC:PSGCF,Frankfurt:P9J) is a promising player positioned for growth in the precious metals exploration sector, with its strategic focus on high-potential projects, commitment to responsible mining practices, and experienced leadership team.
Focused on silver and gold projects in the Americas, Pinnacle is strategically placed to capitalize on the growing demand for these valuable resources. Its core projects include the high-grade El Potrero gold-silver project in Mexico, and the Argosy gold mine and North Birch gold project in Ontario’s Red Lake District – each offering near-term development potential and strong exploration upside.Pinnacle’s current flagship project, El Potrero, is located within the Sierra Madre Gold Silver Trend.
The company's investment appeal stems from several key factors:
- A robust pipeline of projects at various stages of exploration and development
- Strategic focus on high-potential areas in North and South America
- Effective capital management practices
- Aggressive expansion strategy through strategic acquisitions
The company’s business strategy involves the acquisition of past-producing mines that can be put back into production quickly to generate cash flow. By focusing on high-grade, underground mines, Pinnacle can leverage low capex, a smaller operational footprint, easier and faster permitting process and protection against metal price volatility. At the same time, the company conducts brownfield exploration for resource expansion, increasing its potential for district-scale discovery.
Pinnacle's emphasis on creating shareholder value is evident in its approach to project selection and development. The company's portfolio is carefully curated to balance near-term production potential with long-term growth prospects, offering investors exposure to both immediate returns and future upside.
Company Highlights
- Pinnacle Silver and Gold is a Canada-based exploration and development company dedicated to building long-term shareholder value with its silver- and gold-focused assets in North and South America.
- The company’s flagship El Potrero gold-silver project, located in Mexico’s Sierra Madre Belt, has returned exceptional underground sample grades up to 85.1 grams per ton (g/t) gold and 520 g/t silver, with exploration potential across a 1.6 km strike length.
- The 100-percent-owned Argosy gold mine and North Birch project are located in the Red Lake District in Northwestern Ontario, a region famous for gold production and high-grade underground mines.
- The company’s strategy is to generate near-term production from past-producing assets while growing its resource base through modern, brownfields exploration.
- Pinnacle is led by a highly experienced management team with a successful track record in advancing exploration-stage assets through to production.
Key Projects
El Potrero Gold-Silver Project
El Potrero is a high-grade, past-producing gold-silver project located in the prolific Sierra Madre Belt in Mexico, within 35 km of four operating mines, including Fresnillo’s 4,000 tpd Ciénega Mine. The project comprises two concession blocks totaling 1,074 hectares, which include the historic mines and a 100 tpd on-site processing plant.
Recent Developments (as of July 2025):
- Over 600 rock samples have been collected from underground and surface sources for geochemical analysis.
- Channel sampling at the Pinos Cuates mine returned assays of up to 85.1 g/t gold and 520 g/t silver over 0.5 m, and composite intervals of 50.3 g/t gold and 269 g/t silver over 1.7 m.
- Geological interpretation highlights a significant quartz-feldspar porphyry dyke as a structural control on gold-silver mineralization.
- The Dos de Mayo vein system has been mapped over 1.6 km with trench and underground samples showing high-grade mineralization, including 13.2 g/t gold and 2,280 g/t silver from surface grab samples.
- Work is underway to design an underground and surface drill program to define continuity and guide future mine development.
- A site inspection of the 100 tpd plant confirmed that the base infrastructure is sound. Refurbishment of key equipment (crusher, mill, Merrill Crowe circuit) is being planned.
- Permitting efforts are progressing efficiently, aided by the site's historical disturbance. Baseline studies and formal permitting proposals are underway.
Pinnacle can earn an initial 50 percent interest upon production and increase its ownership of El Potrero to 100 percent subject to a 2 percent NSR, primarily through cash flow-funded payments, offering a low-dilution path to full ownership.
Argosy Gold Mine
Located within the Birch-Uchi Greenstone Belt in Ontario’s Red Lake District, and approximately 10 km from First Mining’s Springpole deposit, the Argosy gold mine produced 101,875 ounces at 12.7 g/t gold from 1931 to 1952. Pinnacle owns 100 percent of the project, subject to a 2.5 percent NSR.
Exploration Highlights:
- Past drilling intersected high-grade mineralization, including:
- 14.67 g/t gold over 1.7 m (No. 3 Vein)
- 12.02 g/t gold over 1.29 m (No. 8 Vein)
- 11.75 g/t gold over 1.55 m (No. 2 Vein)
- The project offers strong depth potential, with 2002–2004 drilling intersecting multiple new veins and gold mineralization extending to 400 m vertical depth.
North Birch Gold Project
Located 4 km from the Argosy Mine, North Birch is a 3,850-hectare grassroots project with major upside. The property lies in an underexplored section of the Birch-Uchi Belt and covers a folded and sheared iron formation, interpreted as analogous to Newmont’s Musselwhite Mine.
Exploration Work:
- LiDAR surveys and IP geophysics have revealed 8+ km of structural breaks with multiple drill targets.
- 2022 drilling intersected anomalous gold and copper mineralization within structurally deformed and altered iron formations, confirming the favorable structural setting
Management Team
Robert Archer - President, CEO and Director
Robert Archer has more than 40 years’ experience in the mining industry, working throughout the Americas. After spending more than 15 years with major mining companies, Archer held several senior management positions in the junior mining sector and co-founded Great Panther Mining, a mid-tier precious metals producer, where he served as president and CEO from 2004 to 2017 and director until 2020. He joined Pinnacle as a director in March 2018 followed by his appointment as CEO in January 2019 and president in October 2021. Archer is a professional geologist and holds an Honours BSc from Laurentian University in Sudbury, Ontario.
David Cross - CFO
David Cross is a CPA and CGA with over 21 years’ experience in the junior sector with a focus on finance and corporate governance. He is currently a partner of Cross Davis and Company LLP Chartered Professional Accountant, which specializes in accounting and management services for private and publicly listed companies within the mining industry, and has recently been appointed CFO of Ashburton Ventures.
Colin Jones - Independent Director
Colin Jones is principal consultant for Orimco Resource Investment Advisors in Perth, Australia. He has almost 40 years’ experience as a mining, exploration and consulting geologist in a number of different geological environments on all continents. He has managed large exploration and due diligence projects, and has undertaken numerous bankable technical audits, technical valuations, independent expert reports and due diligence studies worldwide, most of which were on behalf of major international resource financing institutions and banks. Jones holds a Bachelor of Science (Earth Sciences) degree from Massey University, NZ.
David Salari - Independent Director
David Salari has worldwide experience in the design, construction and operation of extractive metallurgical plants. He is an engineer with more than 35 years of experience in the mining and mineral processing field. He is currently the president and CEO of DENM Engineering.
Ron Schmitz - Independent Director
Ron Schmitz is the principal and president of ASI Accounting Services, providing administrative, accounting and office services to public and private companies since July 1995. Schmitz has served as a director and/or chief financial officer of various public companies since 1997, and currently holds these positions with various public and private companies.
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9h
ESGold Pens Colombia Tailings Project Deal as Global Reprocessing Grows
ESGold (CSE:ESAU,OTCQB:ESAUF) has signed a binding memorandum of understanding with Colombian firm Planta Magdalena to form a 50/50 joint venture on a fully permitted gold- and silver-bearing tailings project.
Under the agreement, ESGold will invest C$1.5 million for its stake and will retain a first right of refusal to acquire the remaining 50 percent interest from Planta Magdalena within 12 months.
The project is designed to replicate ESGold’s Montauban model in Québec, which focuses on generating cashflow by reprocessing legacy tailings, while providing environmental remediation.
Preliminary due diligence sampling of 27 tailings collected from the project, located in Colombia's Bolívar department, returned encouraging results, including assays of 42.7 grams per metric ton (g/t) gold and 280 g/t silver.
Several samples exceeded 5 g/t gold and 190 g/t silver, highlighting the potential for high-grade recovery.
Bulk concentrate tests are underway, with final verification to be completed at Actlabs in Québec.
Bolívar is one of Colombia’s most prolific gold regions, with artisanal miners processing an estimated 300,000 metric tons of ore annually. ESGold, a self-described scalable clean mining and exploration innovation company, plans to apply modern, mercury-free recovery methods to improve yields while addressing environmental concerns.
“The region still processes hundreds of thousands of metric tons of ore annually, yet much of it is handled using rudimentary mercury amalgamation methods that leave behind a substantial amount of gold and silver in the tailings,” said Gordon Robb, CEO of ESGold. “This creates an immense opportunity for ESGold to apply modern, environmentally responsible recovery technology that can significantly improve yields while remediating legacy mine sites.”
Pending completion of technical and legal due diligence, ESGold aims to fast track the project toward production in 2026, establishing a second high-margin operation alongside Montauban.
Green revenue stream
It is estimated that there are 8,500 tailings facilities around the globe, holding more than 217 billion cubic meters of mine "waste." In an effort to reduce the amount of stored tailings and their environmental impact, tailings reprocessing is emerging as both an economic and sustainable revenue stream.
By extracting valuable residual metals, such as gold, copper and critical minerals, from legacy waste, companies can generate revenue while reducing the environmental footprint of tailings facilities.
The approach also aligns with sustainability goals, as it mitigates risks like tailings dam failures and restores degraded sites, turning longstanding liabilities into productive assets
Globally, the growing recognition of untapped value in tailings has spurred renewed interest and investment, with major miners — like Vale (NYSE:VALE) — and governments prioritizing tailings projects as part of circular mining strategies and critical minerals security.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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19 August
Shallow, high-grade drilling results continue at Sandstone
Brightstar Resources (BTR:AU) has announced Shallow, high-grade drilling results continue at Sandstone
19 August
Why Juniors Gain in a Soaring Precious Metals Market
The precious metals market is in the midst of a powerful upswing. The gold price has surged beyond US$3,300 per ounce, silver is pushing toward US$38 per ounce — reaching its highest levels in over a decade — and copper has seen renewed investor interest on the back of long-term supply deficit forecasts.
These moves have set off a chain reaction across the mining investment spectrum.
In a rising precious‑metals environment, the initial beneficiaries are the senior producers, whose revenues rise quickly as metal prices move higher. As their valuations improve, however, capital tends to flow down the chain to junior exploration companies, which offer the greatest leverage to a bullish market.
Spotlight on juniors
Junior explorers are relatively small, agile companies focused on discovery rather than production. With valuations tied almost entirely to exploration potential, they tend to be more volatile, but in a bull market, that volatility often works in their favour. Strong commodity prices make it easier to raise capital, the market places a premium on drill results, and well-funded majors are more inclined to acquire promising deposits to replenish reserves.
Historical cycles show that juniors have significantly outperformed larger peers during sustained uptrends, delivering more than double the average annual return, albeit with greater risk.
Bull market infographic: rising precious metal prices and capital for junior explorers.
This dynamic is currently playing out in the market.
Petratherm (ASX:PTS) delivered a 1,929 percent year‑to‑date share price gain following a major titanium discovery at its Rosewood deposit, lifting its market capitalization from about AU$5 million to around AU$123 million.
Harvest Gold (TSXV:HVG) has gained approximately 175 percent year-to-date, climbing from the mid-$0.05 range to about $0.14 after launching a 5,000-metre diamond drill program at its Mosseau gold project in Québec, where it has identified 15 primary and 10 secondary drill targets following government approvals. These gains underscore the multiplier effect of a strong metals market combined with meaningful exploration news.
Not all juniors are created equal
Despite headline-grabbing gains, not all juniors are benefitting equally. A significant portion remains constrained by limited treasury, a crowded market and execution risk.
This is why selectivity is critical. Well-funded juniors with strong assets, clear drill plans and proven technical teams are positioned to capture disproportionate gains when catalysts hit.
Equity Metals: Positioned to outperform
Equity Metals' resource expansion in BC: silver, gold, copper prospects; new drilling in 2025. No royalties.
Source: Equity Metals' August 2025 corporate presentation.
Equity Metals (TSXV:EQTY,OTCQB:EQMEF) is one such example. The company’s flagship Silver Queen project in BC is a high-grade, district-scale silver-equivalent asset. When Equity assumed management, it identified clear opportunities to expand the resource, prioritizing targets with the greatest potential impact.
A December 2022 NI 43-101 resource update validated that approach, boosting the resource to 62.8 million silver-equivalent (AgEq) ounces indicated at an average grade of 565 g/t AgEq, and 22.5 million ounces inferred at 365 g/t AgEq, based on a C$100 per tonne NSR cut off and conservative long-term metal prices.
The 2025 drill program has already returned standout results from the No. 3 North target, including 3.5 meters grading 536 g/t AgEq and a sub-interval of 0.7 meters averaging 1,374 g/t AgEq. These intercepts confirm the continuity of mineralization and point to meaningful additions in the resource update planned for late 2025. Beyond No. 3, the property hosts more than 20 identified veins across a 6 km² area, many still underexplored.
Ongoing drilling at Camp, Sveinson and George Lake targets aims to replicate the resource growth achieved at No. 3 and link mineralized zones into a larger district-scale system.
The company’s Arlington project, also in BC, is a district-scale gold-copper-silver property with multiple targets analogous to historically productive mines. In a strong metals market, Arlington offers diversification and optionality, with drilling underway and assays pending. Both projects are backed by fully funded 2025 exploration programs, allowing the company to advance aggressively without immediate financing pressure.
Equity Metals’ progress shows how a focused strategy, strong technical execution, and disciplined capital use can unlock significant value from high-grade assets. With multiple targets set for drilling this year and a resource update ahead, the company is positioned to benefit from both project-level advancements and the broader bull market tailwinds.
Investor takeaway
The current precious metals bull market is creating fertile ground for junior explorers. Capital is rotating into higher-beta names, financings are increasing, and discovery stories are being rewarded with rapid re-ratings.
Companies like Petratherm and Harvest Gold illustrate the upside potential, but Equity Metals — with its high-grade Silver Queen resource, district-scale Arlington project, and active drill programs — offers a compelling example of a junior positioned to ride the wave.
For investors, the lesson is clear: in a bull market, the right junior can deliver leveraged exposure to rising metals prices when backed by geological quality, execution discipline, and timely catalysts.
This INNSpired article is sponsored by Equity Metals (TSXV:EQTY,OTCQB:EQMEF,FWB:EGSD). This INNSpired article provides information which was sourced by the Investing News Network (INN) and approved by Equity Metals in order to help investors learn more about the company. Equity Metals is a client of INN. The company’s campaign fees pay for INN to create and update this INNSpired article.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Equity Metals and seek advice from a qualified investment advisor.
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