A preliminary study into the potential carbon dioxide (CO2) emissions from Impact Minerals Limited’s (ASX:IPT) Lake Hope High Purity Alumina (HPA) project in Western Australia has shown that Scope 1 and Scope 2 CO2 emissions will likely be significantly lower than incumbent processes that produce HPA, and on par or even much lower than emerging processes, in particular under a 100% renewable electrical energy development scenario (Figure 1).
The low emissions apply to both the Sulphate and Low-Temperature-Leach (LTL) processes that are being considered by Impact to produce HPA as part of the Pre-Feasibility Study for the development of the Lake Hope project (Figure 1 and ASX Releases February 19th, 2024, and February 27th, 2024).
Figure 1. Likely CO2 emissions for four different production methods for HPA: the incumbent alkoxide process; Alpha HPA Limited (ASX Release November 21st 2023); Impact’s proposed Sulphate and Low- Temperature-Leach processes; & AEM who produce HPA in Canada using hydroelectric power.
The emissions study has shown that using the current Western Australian electricity supply, likely emissions are 4.38 tonnes of CO2 per tonne of HPA produced via the Sulphate process and 3.44 tonnes of CO2 per tonne of HPA for the LTL process. This is competitive with traditional and emerging HPA production methods (Figure 1). For example, most of the world’s HPA production comes from the refinement of aluminium metal (alkoxide process) or precursors (modified Bayer process) via energy-intensive processes that are also responsible for significant amounts of toxic waste.
Scope 1 emissions generally relate to CO2 produced directly from operations and include the proposed mine, haulage of ore and the processing plant.
Scope 2 emissions relate mostly to CO2 produced from the energy used to power the company’s operations.
Scope 3 emissions related to CO2 produced indirectly from the company’s downstream activities and include the emissions associated with purchased goods and services such as reagents, plant and equipment and Business-As-Usual emissions such as travel and commuting to work.
Only Scope 1 and Scope 2 emissions have been considered at this stage as these are within the direct control of Impact Minerals and this is an appropriate level of detail for the Pre-Feasibility Study. As per standard CO2 accounting practices, Scope 3 emissions will be passed through to the fertilizer by-products. Initial indications are that these emissions will also be on par or lower than incumbent fertilizer production processes.
100% Renewable Energy
The largest contributor to the overall CO2 emissions from the Project come from Scope 2 emissions from the electricity required to power the processing plant and which has been modelled to come from the South West Interconnected System (SWIS), Western Australia’s main power source. The SWIS is currently coal-powered and the emissions from this have been used in the main model.
However, the WA Government is committed to making the SWIS entirely powered by renewables by 2030 (https://www.brighterenergyfuture.wa.gov.au). In addition, advances in renewables technology also offer the potential to power the process plant entirely by renewable energy. Accordingly, Impact’s study has also modelled the CO2 emissions under a 100% renewable energy scenario. This results in a significant further reduction in emissions for both of Impact’s process routes to about 1.35 tonnes of CO2 per tonne of HPA.
Within the accuracy of this study, which is plus or minus 30%, this would be on par with or better than the lowest known CO2 emissions for HPA production which is powered by hydroelectric power (Figure 1).
Impact’s strategy to move towards 100% renewable power is to build-out or contract-to-purchase a renewable energy supply for the processing plant. This will be studied as part of engineering and financial modelling under the PFS.
Net-Zero Carbon Strategy
Impact will strive to reach full decarbonisation of the project over time. This will require elimination or off-setting of the emissions from the SWIS as well as from mining, transport and calcining. Calcining, heating in a furnace, represents the final stage of the HPA process.
As noted above, the majority of the CO2 emissions can be eliminated by substituting 100% renewable energy for SWIS energy by either build-out or contract-to-purchase a renewable energy supply.
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.
HIGHLIGHTS
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.
Brightstar Resources (ASX:BTR) is fast emerging as one of the most compelling gold development stories on the ASX, underpinned by a large-scale resource base, disciplined execution, and multiple near-term catalysts, according to a new report from analyst firm East Coast Research. With production ramping up and a pivotal definitive feasibility study (DFS) on the horizon, investors are increasingly focused on the company’s potential to transition into a +200,000 oz per annum gold producer by 2029.
The Fish 2025 MRE coloured by Grade
Rick Mark, CEO of Harvest Gold states: “This soil geochemical survey, remarkably, the first of its kind on this property, has yielded a breakthrough in our understanding of the gold potential surrounding the Kiask River Mineralized Corridor. These soil geochemistry results, layered upon historic information and Harvest’s recent geophysical, prospecting and mapping results produce target opportunities previously unseen. The geo team is meeting this week to prioritize drill targets.”
Results from the soil geochemical program* highlight distinctive gold targets; the greater than 98th percentile Au Z-Score** values define eight zones in and parallel to the Kiask River Mineralized Corridor (KRMC) (Figure 4). Three of the gold trains are immediately to the south and down-ice of the KRMC, confirming known mineralization from previous drilling and prospecting results. Another five (5) gold trains are parallel to the KRMC, to the North and the South of the KRMC. These targets are also associated with magnetic highs and geologically by diorite and gabbro’s in the local stratigraphy (Figure 5, Figure 6).
The soil sampling program, in conjunction with the recently released results of the prospecting and geological mapping was carried in the central part of the Mosseau property The soil sampling program has confirmed existing drill targets along the Kiask River Mineralized Corridor, as well as identified new targets in the central part of the Mosseau property. Previously recognized mineralization in the central part of the property along the Kiask River Mineralization Corridor, identified by Vior in 2017, included 2.93 g/t Au over 5.0 m from drilling and grab samples up to 12.9 g/t Au. The mineralization was confirmed and extended along strike from results of the 2024 prospecting and mapping program (Press release May 15, 2025)
The soil sampling program included lines at a 200 m spacing, perpendicular to the known ice flow direction, and sample stations at every 25 m. The significance of the anomalies is not only determined by the gold grade and Z-score*, but also by the contiguity of the anomalous samples.
*Soil sampling surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery
**The anomaly thresholds were determined by IOS using a probabilistic approach. In that the assays results are first transformed into logarithmic data. The Z-score is then calculated for each element of each sample. This significantly limits the range of values and enables the use of a normal distribution for the probability modelling. The anomaly threshold for an element is determined by the difference between the sample’s Z-score and the expected Z-score for a log-normal population with an average of 0 and a standard deviation of 1, which represents the regional background as confirmed by the analysis of IOS’s large database. Any sample deviated from that regional trend is likely related to an anomalous population.
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: Mosseau Geology – Area of Soil Sampling Survey (red)
Figure 3: Mosseau Magnetics and Magnetic Domain – Area of Soil Sampling Survey (red)
Figure 4: Central area – Soil Sampling Au (Z Scores)
Figure 5: Soil Sampling (Z Scores) and up-ice target areas overlain on geology
Figure 6: Soil Sampling (Z Scores) and up-ice target areas overlain on Magnetics
QA/QC Statement
All soil samples collected during the program were securely transported to Activation Laboratories (Actlabs) in Ancaster, Ontario, an independent and ISO/IEC 17025-accredited laboratory. Sample analysis included aqua regia digestion on 30g aliquots followed by ICP-MS analysis for major and trace elements (method UT-1-30g). Digestion with aqua regia consists of a solution of 75% hydrochloric acid and 25% nitric acid, which is highly aggressive and oxidizing, allowing metals, sulphides and gold to be dissolved. The contents of silicate minerals only partially enter solution, however, which subtracts them from the results reported, since solubilization depends on the mineral species and metals present. Thus, most of the iron and magnesium present in these ferromagnesian minerals is solubilized, leaving a residue of insoluble silica and alumina. However, digestion with aqua regia does not bring refractory minerals into solution, including quartz, feldspars, zircon and several oxides. For 5 samples with aluminum results above the UT-1-30g limit, aluminum was analyzed by ICP-OES after lithium borate fusion. 68 certified reference materials (Oreas 46 and Oreas 47), internal reference material (MRIHB23-2 and Till09) and blanks pulverized at <90 microns were added to the samples by IOS before they were sent to Actlabs. The Company follows industry-standard QA/QC protocols, including the insertion of certified reference materials, blanks, and duplicates to ensure the accuracy and precision of the results.
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.
Abcourt Mines Inc. ("Abcourt" or the "Corporation") (TSX Venture: ABI) (OTCQB : ABMBF) announces its results for the third quarter ended March 31, 2025. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Financial statements and management discussion and analysis are available on SEDAR+.
Summary of financial results
| (In dollars) | Three months ended March 31 | Nine months ended March 31 | ||||||
| 2025 | 2024 | 2025 | 2024 | |||||
| Revenues | – | – | – | 255,000 | ||||
| Administration expenses | 1,068,917 | 776,367 | 2,499,582 | 2,657,981 | ||||
| Care and maintenance | 692,919 | 231,541 | 2,743,950 | 2,031,082 | ||||
| Exploration expenses | 4,063,635 | 1,765,615 | 6,118,177 | 4,043,679 | ||||
| Settlement of litigation with Revenu Québec | – | – | (1,452,757 | ) | – | |||
| Deferred income and mining taxes | (1,100,000 | ) | – | (1,273,000 | ) | (170,712 | ) | |
| Net loss and comprehensive loss | (5,466,608 | ) | (2,892,142 | ) | (9,756,976 | ) | (8,692,837 | ) |
| Net loss per share, basic and diluted | (0.01 | ) | (0.01 | ) | (0.01 | ) | (0.02 | ) |
| (In dollars) | March 31, 2025 | June 30, 2024 | ||
| Cash | 937,733 | 757,753 | ||
| Total assets | 16,493,159 | 14,063,983 | ||
| Non-current liabilities | 12,908,748 | 12,261,315 | ||
| Shareholders' equity | (3,447,876 | ) | (6,284,136 | ) |
| Working capital (non-IFRS measurement) * | (2,172,892 | ) | (4,947,411 | ) |
* Working capital is a non-IFRS measurement with no standardized meaning under IFRS. For further information, please see section "Non-IFRS Measure".
Non-IFRS Measure
This press release presents working capital as a performance measure which is non-International Financial Reporting Standards (IFRS) performance measure. The Corporation believes that this measure provides investors with an improved ability to evaluate the performance of the Corporation. Non-IFRS measures do not have any standardized meaning prescribed under IFRS. Therefore, such measures may not be comparable to similar measures employed by other companies. This data may not be comparable to data presented by other companies. Non-GAAP financial performance measures should be considered together with other data prepared in accordance with IFRS.
The Corporation determines working capital as follows: current assets less current liabilities.
Abcourt Mines Inc. is a Canadian gold exploration company with properties strategically located in northwestern Quebec, Canada. Abcourt owns the 100% owned Sleeping Giant mine and mill and the Flordin exploration property, where it focuses its operations.
For more information about Abcourt Mines Inc., please visit our website and view our filings under Abcourt's profile on www.sedarplus.ca .
| Pascal Hamelin | Dany Cenac Robert, Investor Relations |
| President and Chief Executive Officer | Reseau ProMarket Inc., |
| T : (819) 768-2857 | T : (514) 722-2276, poste 456 |
| Email : phamelin@abcourt.com | Email : dany.cenac-robert@reseaupromarket.com |
FORWARD-LOOKING STATEMENTS
Certain information contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Generally, forward-looking information can be identified by using forward-looking terminology, such as "plans", "aims", "expects", "projects", "intends", "anticipates", "estimates", "could", "should", "likely", or variations of such words and phrases or statements specifying that certain acts, events or results "may", "should", "will" or "be achieved" or other similar expressions. Forward-looking statements are based on Abcourt's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause Abcourt's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements or information. Forward-looking statements are subject to business, economic and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risk factors set forth in Abcourt's public filings, which are available on SEDAR at www.sedarplus.ca . There can be no assurance that these 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 and forward-looking information. Although Abcourt believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on such statements. Except as required by applicable securities laws, Abcourt disclaims any intention or obligation to update or revise any such forward-looking statements or information, whether as a result of new information, future events or otherwise.
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
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(TheNewswire)
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Vancouver, British Columbia / May 22, 2025 ‑ TheNewswire - Harvest Gold Corporation (TSXV: HVG) (" Harvest Gold " or the " Company ") is pleased to announce the results of its fall 2024 soil sampling program carried out at its Quebec Mosseau property. The Mosseau project covers 21 km of favourable strike in the Urban-Barry greenstone belt region (Figure 1).
The soil sampling program was carried out by IOS Services Geoscientifiques in October and November 2024 and included the collection of 605 soil samples covering favourable geology and a distinctive magnetic domain in the central part of the property (Figures 2 and 3).
Rick Mark, CEO of Harvest Gold states: " This soil geochemical survey, remarkably, the first of its kind on this property, has yielded a breakthrough in our understanding of the gold potential surrounding the Kiask River Mineralized Corridor. These soil geochemistry results, layered upon historic information and Harvest's recent geophysical, prospecting and mapping results produce target opportunities previously unseen. The geo team is meeting this week to prioritize drill targets."
Results from the soil geochemical program* highlight distinctive gold targets; the greater than 98 th percentile Au Z-Score** values define eight zones in and parallel to the Kiask River Mineralized Corridor (KRMC) (Figure 4). Three of the gold trains are immediately to the south and down-ice of the KRMC, confirming known mineralization from previous drilling and prospecting results. Another five (5) gold trains are parallel to the KRMC, to the North and the South of the KRMC. These targets are also associated with magnetic highs and geologically by diorite and gabbro's in the local stratigraphy (Figure 5, Figure 6).
The soil sampling program, in conjunction with the recently released results of the prospecting and geological mapping was carried in the central part of the Mosseau property The soil sampling program has confirmed existing drill targets along the Kiask River Mineralized Corridor, as well as identified new targets in the central part of the Mosseau property. Previously recognized mineralization in the central part of the property along the Kiask River Mineralization Corridor, identified by Vior in 2017, included 2.93 g/t Au over 5.0 m from drilling and grab samples up to 12.9 g/t Au. The mineralization was confirmed and extended along strike from results of the 2024 prospecting and mapping program (Press release May 15, 2025)
The soil sampling program included lines at a 200 m spacing, perpendicular to the known ice flow direction, and sample stations at every 25 m. The significance of the anomalies is not only determined by the gold grade and Z-score*, but also by the contiguity of the anomalous samples .
* Soil sampling surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery
** The anomaly thresholds were determined by IOS using a probabilistic approach. In that the assays results are first transformed into logarithmic data. The Z-score is then calculated for each element of each sample. This significantly limits the range of values and enables the use of a normal distribution for the probability modelling. The anomaly threshold for an element is determined by the difference between the sample's Z-score and the expected Z-score for a log- normal population with an average of 0 and a standard deviation of 1, which represents the regional background as confirmed by the analysis of IOS's large database. Any sample deviated from that regional trend is likely related to an anomalous population.
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.
Click Image To View Full Size
Figure 1: Project Location: Urban-Barry Greenstone Belt
Click Image To View Full Size
Figure 2: Mosseau Geology – Area of Soil Sampling Survey (red)
Click Image To View Full Size
Figure 3: Mosseau Magnetics and Magnetic Domain – Area of Soil Sampling Survey (red)
Click Image To View Full Size
Figure 4: Central area – Soil Sampling Au (Z Scores)
Click Image To View Full Size
Figure 5: Soil Sampling (Z Scores) and up-ice target areas overlain on geology
Click Image To View Full Size
Figure 6: Soil Sampling (Z Scores) and up-ice target areas overlain on Magnetics
QA/QC Statement
All soil samples collected during the program were securely transported to Activation Laboratories (Actlabs) in Ancaster, Ontario, an independent and ISO/IEC 17025-accredited laboratory. Sample analysis included aqua regia digestion on 30g aliquots followed by ICP-MS analysis for major and trace elements (method UT-1-30g). Digestion with aqua regia consists of a solution of 75% hydrochloric acid and 25% nitric acid, which is highly aggressive and oxidizing, allowing metals, sulphides and gold to be dissolved. The contents of silicate minerals only partially enter solution, however, which subtracts them from the results reported, since solubilization depends on the mineral species and metals present. Thus, most of the iron and magnesium present in these ferromagnesian minerals is solubilized, leaving a residue of insoluble silica and alumina. However, digestion with aqua regia does not bring refractory minerals into solution, including quartz, feldspars, zircon and several oxides. For 5 samples with aluminum results above the UT-1-30g limit, aluminum was analyzed by ICP-OES after lithium borate fusion. 68 certified reference materials (Oreas 46 and Oreas 47), internal reference material (MRIHB23-2 and Till09) and blanks pulverized at The Company follows industry-standard QA/QC protocols, including the insertion of certified reference materials, blanks, and duplicates to ensure the accuracy and precision of the results.
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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