Commodity 2
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January 20, 2025
Commodity
TORONTO, Jan. 20, 2025 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd ( ASX: XAM, TSX: XAM ) ( Xanadu , XAM or the Company ) announces that the Company has filed an independent National Instrument 43-101 technical report titled National Instrument 43-101 R
VANCOUVER, British Columbia, Jan. 20, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report definition drill results from its 100% owned Madsen
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine (the "Mine" or "Moma") in northern Mozambique, is pleased to provide a trading update for th
ANCOUVER, BC / ACCESS Newswire / January 20, 2025 / Amarc Resources Ltd. ("Amarc" or the "Company") (TSXV:AHR)(OTCQB:AXREF) is pleased to announce additional drill results from its new, high grade, Au-rich porphyry copper-gold-silver AuRORA Dep
Miroir Discovery – 3.12 g/t Au over 19.35 m occurring 225 m north of the Valentre target A iguille Discovery – 8.99 g/t Au over 3.1 m occurring 150 m south of the Valentre target Valentre – 142 Au mineralized intercepts identified, supporting zone continuity between Central Duparquet and Dumico target areas that demonstrates a robust resource expansion opportunity VANCOUVER, BC , Jan. 20, 2025 /CNW/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF ) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce new drilling results from the 2024 Phase 3 diamond drilling program at its Duparquet Gold Project (" Duparquet Project " or the " Project ") located in Quebec, Canada . Table 1: Selected Significant Drill Intercepts, 2024 Phase 3 Drill Pro
KELOWNA, B.C. , Jan. 20, 2025 /PRNewswire/ -- Cantex Mine Development Corp. (TSXV: CD ) (OTCQB: CTXDF) (the "Company") is pleased to provide an update on its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon, Canada . Table 1. Significant drill results from the Discovery Sector Pad Dip Azimuth Hole From To Interval Silver Lead Zinc Lead + Zinc Copper (m) (m) (m) g/t ( %) ( %) ( %) ( %) MZ49 -45 145 YKDD24-327 92.00 95.00 3.00 9.67 1.08 2.46 3.54 0.01 120.60 125.60 5.00 50.33 5.56 8.55 14.
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2025) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the "Company") is pleased to announce assay results from the first phase of the 10,000 metre ("m") winter drill program at its 100% owned 3Ts Project. The 3Ts Project is located approximately 185 kilometres ("km") southwest of Prince George, British Columbia and is comprised of seventeen mineral claims covering approximately 8,840 hectares in the Nechako Plateau region of central British Columbia. The project is situated 16 km southwest of Artemis Gold Inc.'s Blackwater Mine and covers a low-sulphidation epithermal quartz- carbonate vein district within which nineteen individual mineralized veins, ranging from 50 m to more than 1,100 m in strike length and with true widt
Thunder Bay, Ontario--(Newsfile Corp. - January 20, 2025) - Benton Resources Inc . (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has received additional impressive Copper (Cu) results from the Great Burnt Main Zone and confirms mineralization in a parallel Footwall Zone. The Company was targeting the potential of a parallel conductor that was recently identified through the completion of a down hole geophysical survey. Given the location of this strong footwall conductor/anomaly, the Company planned drill hole GB-24-49 that would also serve as an infill hole within the Great Burnt Main Zone and continue eastward to intersect the Footwall Zone. The Great Burnt Main Zone was successfully intersected at 220 m downhole and cut an impressive 22.0 m grading 7.47% Cu
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2025) - American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) (" American Pacific " or "the Company ") is pleased to report an updated Mineral Resource Estimate ("MRE") and for the 100% owned Palmer VMS Project ("Palmer", or the "Project"), located in Southeast Alaska. The Company commissioned SRK Consulting (U.S.) Inc. ("SRK") to assess and update the Mineral Resource Estimate ("MRE") for the Palmer Project. 2025 MRE Highlights : Indicated: 4.77 million tonnes at 1.69% copper, 5.17% zinc, 0.14% lead, 28.4 g/t silver, 0.29 g/t gold, 20.6% barite ( 3.5% copper equivalent or 13.2% zinc equivalent ) 16% increase in contained copper (24 million pounds) and 14% increase in copper grade 178.0 million pounds of
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) (" Dryden Gold " or the " Company ") is pleased to announce drill results that continue to expand on the Elora Gold System ( "Elora" ) in the Gold Rock Camp ( "Gold Rock" ). The Phase 6 drill program was completed during November 2024 and consisted of four holes totaling 1,172 meters. The program was designed to follow up on Phase 5 drilling which returned 8.93 g/t gold over 12.45 meters and 30.72 g/t gold over 5.70 meters . The Company continues to successfully target and intersect the depth and strike expansion on the initial structure at Elora. Dryden Gold is fully funded with a $5.8 million exploration budget for 2025, and drilling is scheduled to resume in February 2025
January 20, 2025 08:13 AM Eastern Standard Time TORONTO--( BUSINESS WIRE )--Trigon Metals Inc. (TSX-V: TM, OTCQB:PNTZF) (“Trigon” or the “Company”) announces that its Kalahari Copper Project (the “Project”) has been awarded one of only three spots in the €5 million UNDERCOVER research project funded by the European Union (EU). “This collaboration fosters the exchange of knowledge and expertise across borders, aiming at a comprehensive approach to deep mineral exploration. By leveraging the strengths of each partner, the project aims to achieve significant advancements in sustainable raw material exploration” Post this The UNDERCOVER ( U nified N ovel D eep E xplo R ation for C ritical O re disco VER y) research project aims to enhance the responsible supply of raw material
January 20, 2025 (Australian Mining) - WA Environment Minister Reece Whitby has granted environmental approval to Agrimin’s Mackay potash project under the Environmental Protection Act 1986 (WA) . The proposal concerned “the development of a greenfields sulphate of potash (SOP) fertiliser operation”, which is estimated to have a 20-year mine life and currently contains a drainable mineral resource of 123 million tonnes. “The proposal involves the on-lake development of trenches and solar evaporation ponds for brine extraction and sulphate of potash production,” the proposal said . “The off-lake development includes a processing plant, associated site infrastructure and access roads for trucking sulphate of potash product to Wyndham Port.
January 20, 2025 (Australian Mining) - Gold Road Resources has released a pre-feasibility study (PFS) for its Gilmour gold project in Western Australia, with the project on track to be ‘shovel ready’ beginning late 2026. Backed by an updated mineral resource estimate of 1.7 million tonnes (Mt) at 5.05 grams per tonne (g/t) of gold for 0.28 million ounces (Moz), Gilmour is part of the larger Yamarna mine readiness project and is located 60km southwest of the Gruyere processing plant in WA. Gilmour’s PFS was completed off the back of infill and exploration drilling at the site throughout 2024. The PFS outlines “strong returns” for Gilmour as an open pit and underground mine, including a five-year mine life averaging 50,300 ounces (oz) per annum at an average all-in sustaining cost (AI
January 20, 2025 (IM - International Mining) - Allied Gold’s expansion strategy to incorporate more high-grade fresh ore and boost production to 300,000-400,000 oz/y at its 80%-owned Sadiola open-pit mine in Mali is being re-evaluated, and a number of optimisation options are on the table, CEO Peter Marrone told IM on the sidelines of the Future Minerals Forum in Riyadh last week. Sadiola, also owned 20% by the Mali Government, is currently a circa 200,000 oz/y producing asset processing approximately 80% oxide material through a conventional processing plant with a nameplate capacity of 5 Mt/y. The company has disclosed plans to double production at Sadiola by the end of the decade. This move will increase throughput and incorporate increased ratios of high-grade, f
January 20, 2025 (Source: Ioneer Ltd) • Ioneer project, which secured federal permit in October 2024, receives funding increase from January 2023 conditional commitment. • Rural Nevada project demonstrates the strategic importance in developing a domestic critical mineral supply chain. SYDNEY, Australia – 20 January 2025 – Ioneer Ltd (ASX: INR, Nasdaq: IONR) (Ioneer) announced the closing of a US$996 million loan from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) under the Advanced Technology Vehicles Manufacturing (ATVM) program to support the development of an on-site processing facility at the Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada. The investment, part of the LPO’s efforts to strengthen the nation’s critical mineral supply chain, wil
January 19, 2025
January 19, 2025 (Source: South32) South32 Chief Executive Officer, Graham Kerr: "We continued our strong start to the year, maintaining production guidance for all of our operations except Mozal Aluminium, as we continue to mitigate the impact of civil unrest in Mozambique. “We achieved strong results in the December 2024 quarter, delivering higher base metals production and increasing alumina production by 14 per cent, capturing the benefit of strong alumina prices. “We returned US$169M to shareholders, paying fully-franked ordinary dividends in respect of the prior six months and continuing our on-market share buy-back, leaving US$171M to be returned to shareholders under our capital management program. “Having successfully divested Illawarra Metallurgical Coal in the September 2
January 17, 2025
Results include 6.30 metres grading 5.53 g/t Au, 5.05 metres grading 5.28 g/t Au, 1.58 metre grading 12.26 g/t Au and 1.18 metre grading 69.7 g/t Au TORONTO , Jan. 17, 2025 /CNW/ - Loncor Gold Inc. (" Loncor " or the " Company ") (TSX: LN ) (OTCQX: LONCF) (FSE: LO5) is pleased to announce encouraging drilling results from a scout drilling program along trend from the Company's 3.66 million ounce Adumbi deposit where an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t Au), and an inferred mineral resource of 1.78 million ounces of gold (20.83 million tonnes grading 2.65 g/t Au) have already been delineated within a USD1,600 /oz open pit shell. Table 1 Borehole Number From (m) To (m) Intersected
GRAND BAIE, MAURITIUS, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) is pleased to provide the following update for the year and quarter ended 31 December 2024: FY2024 tin production of 17,324 tonnes, up 38% from the prior year Q4 tin production of 5,237 tonnes (Q3: 4,917 tonnes) FY2024 EBITDA 2,3 guidance of US$274m, an estimated increase of 102% from actual FY2023 Positive exploration results at Mpama North and South FY2025 contained tin production guidance of approximately 20,000 tonnes Operational and Financial Summary for the Year and Quarter ended December 2024 1 Description Units Year ended December 2024 Year ended December 2023 Change Quarter ended December 20
VANCOUVER, BC / ACCESS Newswire / January 17, 2025 / Amarc Resources Ltd. ("Amarc" or the "Company") (TSXV:AHR)(OTCQB:AXREF) is pleased to announce discovery of the new, high grade, gold-rich porphyry copper-gold-silver ("Cu-Au-Ag") AuRORA deposit at its 100% owned JOY Copper-Gold District ("JOY"), in the prolific Toodoggone-Kemess porphyry Cu-Au region of north-central British Columbia ("BC"). The AuRORA Deposit Discovery is located within an area of the 495 km 2 JOY District that had not previously been drill tested (see Figures 1, 2 and 3). Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport") is fully funding work programs at JOY to earn an interest in the project, and Amarc is the operator of all programs. Highlights from Initial AuRORA DEPOSIT Discovery Drill Holes
Saguenay, Quebec--(Newsfile Corp. - January 17, 2025) - First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) (" First Phosphate " or the " Company ") is pleased to announce it has filed on SEDAR+ its Preliminary Economic Assessment (" PEA ") Technical Report on the Bégin-Lamarche Phosphate Project (the " Property " or the " Project ") located 75 km northwest of Saguenay, Quebec, Canada. The PEA provides a potentially viable case for developing the Property by open pit mining for the primary production of a phosphate concentrate and secondary recovery of magnetite concentrate. Highlights of the PEA (all dollar amounts are in Canadian dollars on a 100% project ownership basis unless otherwise indicated): The Project would produce an annual average of 900,000 tonnes of beneficiat
January 17, 2025 (The Assay) - Asian Battery Metals PLC (ASX:AZ9) has announced the final assay results of the 2024 Phase 2 Drilling programme at the Oval Copper-Nickel-Platinum Group Elements Project, Mongolia. The results have given the critical minerals company a boost as it prepares for its 2025 campaign. Highlights include: – 6.1m of massive sulphide mineralization grading 4.16% copper, 3.51% nickel, 0.93g/t E3 (platinum, palladium, and gold) and 0.13% cobalt from 98.2m, situated between broader mineralized zones – 1.8m of massive sulphide grading 3.21% copper, 3.32% nickel, 0.69g/t E3 and 0.14% cobalt from 105m within a broader mineralized zone of 19.8m grading 1.23% copper, 0.98% nickel and 0.36g/t E3 These results provide confirmation of the continuity of high-grade mineralizat
January 16, 2025
TORONTO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Golconda Gold Ltd. (“Golconda Gold” or the “Company”) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce production of 2,230 ounces of gold for the fourth quarter of 2024 (“Q4 2024”) and 7,712 ounces of gold for the year ended December 31, 2024 (“FY 2024”) at its Galaxy Gold Mine (“Galaxy”), a 22% increase in gold production compared to the prior year. The production numbers for the FY 2024 are as follows: Ore Source Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 FY 2023 Princeton UG Ore Mined (t) 2,317 5,128 7,231 10,536 25,212 12,607 Ore Grade (g/t) 3.84 3.80 3.95 3.51 3.73 4.17 Waste (t) 2,510 2,741 10,669 8,316 24,236 7,020 Galaxy UG Ore Mined (t) 11,175
January 16, 2025 03:25 PM Eastern Standard Time TORONTO--( BUSINESS WIRE )--Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) experienced a setback in underground pumping due to the failure of both of its two main dewatering pumps on the morning of January 16, 2025 at the Company’s Kombat mine in Namibia. As a result, the Company has suspended underground mining as it anticipates that the pump failure will ultimately result in the underground mine flooding over the coming days. All precautions are being taken to ensure safety at the Kombat site. All personnel have exited the affected areas of the underground operations and underground equipment is currently being removed. The Company intends to complete the previously announced transaction with Horizon Corpo
January 16, 2025 (The Assay) - Prime Mining Corp. (TSX: PRYM | OTCQX: PRMNF | Frankfurt: 04V3) has reported expansion drilling results and new “Tahonitas Footwall” discovery from the company’s Los Reyes Project, located in Sinaloa State, Mexico. These results are from 2024 drilling at the Z-T Trend and are not included in the company’s 15 October 2024 mineral resource estimate (MRE). Prime Mining Corp. CEO, Scott Hicks, commented, “The quality of the high-grade results from the new Tahonitas Footwall Zone in Z-T demonstrates the continued resource expansion potential beyond what has been included in the updated underground and open pit MRE. The southern-most holes are over 650m south of the MRE pit crest and approximately 250m along strike from the southern-most stope. All intercepts in
January 16, 2025 (The Assay) - Sierra Madre Gold and Silver Ltd. (TSXV: SM | OTCQX: SMDRF) has announced that full commercial production at the 100% owned Guitarra Mine Complex located in Estado de Mexico, Mexico, commenced on 1 January 2025. The processing plant, underground mine, and all aspects of the operation have now been running at the current capacity of 500 wet metric tonnes per day for the past 90 days. Monthly gold and silver concentrate shipments, concentrate inventories, freshly mined material stockpiles, and revenues generated from sales; have all increased on a material basis. CEO, Alex Langer, commented, “We are delighted to announce full commercial production at Guitarra. This will allow us to share proper mining statistics; including revenues, costs, profits, and an all
TORONTO, ON / ACCESS Newswire / January 16, 2025 / PPX Mining Corp.(TSX.V:PPX)(BVL:PPX) (the " Company " or " PPX ", including its Peruvian subsidiaries) is pleased to announce that yesterday the Company closed the second tranche of its construction facility, receiving US$1,200,000. Previously, on September 25, 2024 the Company announced the closing of the first tranche of the loan for US$1,800,000, from a total of US$6,000,000 structured in four tranches, subscribed with its major shareholder. Terms and conditions were disclosed in that press release. Further to that announce, on October 21, 2024 the Company signed an EPC contract to build PPX's 350 tpd CIL and Flotation plant to process the oxide and sulfide materials from its Igor Project in La Libertad, Peru. On November 14, 2024
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: X9X) ("IMPACT" or the "Company") is pleased to announce further results from an ongoing drill program in the Juarez Mine area of its Plomosas zinc (-lead-silver) Mine in northern Mexico. HIGHLIGHTS Recent underground drill results in the Juarez Mine area include: Drill hole UGMJ-2420 intersected a high-grade interval grading 14.13% zinc, 1.59% lead and 12 g/t silver over 2.2 metres true width including a very high-grade section grading 26.06% zinc, 3.02% lead and 23 g/t silver over 0.9 metres true width. Drill hole UGMJ-2415 intersected a very high-grade interval of 30.1% zinc over 1.2 metres true width. Drill hole UGMJ-2422 intersected a very high-grade interval
VANCOUVER, BC , Jan. 16, 2025 /CNW/ - (TSX: LUN ) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation (" Lundin Mining" or the "Company") is pleased to announce production results for the year ended December 31, 2024 and provide production guidance for the three-year period of 2025 through 2027, as well as cash cost, capital and exploration expenditure guidance for 2025. Unless otherwise stated, all numbers are presented in US dollars. Highlights On a consolidated basis the Company achieved guidance on all metals 1 for the year and achieved record production levels for copper and zinc. 2024 Production Results (100% basis): Record copper production of 369,067 tonnes (t). Record zinc production of 191,704 t. Gold production of 158,436 ounces (oz). Nickel produc
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) (" Scottie " or the " Company ") is pleased to report new assays from its 2024 drilling of the Blueberry Contact Zone, including high-grade gold intercepts on the Fifi and Lemoffe vein zones. The Scottie Gold Mine Project, which includes the 100% owned historic mine and the adjacent Blueberry Contact Zone is located 35 kilometres north of the town of Stewart, BC, along the Granduc Road. Highlights: Blueberry Contact drillhole SR24-355 intersected 59.2 grams per tonne (g/t) gold over 2.50 metres (m) at the Fifi vein zone (Table 1, Figures 1,2,3) Blueberry Contact drillhole SR24-356 intersected 35.2 g/t gold over 2.00 m (Table 1, Figures 1,2,3) at the Le
January 16, 2025 (Source: Robex Resources Inc.) Nampala Mine LoM extended to Dec 2026, 52Koz/yr, AISC $1,106/oz, $71.1M post-tax NPV5% at $2,490/oz gold price. HIGHLIGHTS: Increased Reserves Life of Mine (“LoM”): Nampala mine life extended to December 2026 (from June 2026) with Mineral Reserves at 121Koz ounces @ 0.93g/t ; Potential to grow Mineral Reserves: Indicated Mineral Resources (inclusive of Mineral Reserves) of 243Koz @ 0.94g/t Au; Economics: Consensus Case (Gold Price: US$2,490/oz): ? Pre-tax Net Present Value at discount rate of 5% (“NPV 5% ”) of US$106.1M, and ? Post-tax NPV 5% of US$71.1M. Average annual gold production: Nampala is expected to produce 52,000 ounces gold per year over LoM Costs in line with budget: LoM All-In Su
January 16, 2025 (Source: Antofagasta plc) Antofagasta plc CEO, Iván Arriagada said: “This was another sequentially stronger quarter for the Company, with copper production higher across all operations. Our solid performance on costs, at a time of rising costs in the copper industry, demonstrates the importance of our Competitiveness Programme. “Our key development projects at Los Pelambres and Centinela continue to advance according to their respective programmes, on time and budget. Once completed, these projects will deliver industry-leading copper growth, whilst also increasing competitiveness and delivering a solid platform for further growth over the longer term. “Full year production guidance for 2025 is expected to be between 660,000 and 700,
January 16, 2025 (Source: Reuters) JAKARTA, Jan 16 (Reuters) - Indonesian miner Vale Indonesia said it had awarded Petrosea a $1 billion contract to mine for nickel ore in the Central Sulawesi region of Bahodopi, according to a company disclosure form. The contract will be signed in March is effective for 10 years, Vale said on Wednesday
January 16, 2025 (Source: Standard Lithium Ltd.) LEWISVILLE, Ark., Jan. 16, 2025 -- Standard Lithium Ltd. (“Standard Lithium”) (TSXV:SLI) (NYSE:A:SLI), a leading near-commercial lithium developer, and Equinor, a global energy leader, today announced that its jointly-owned U.S. subsidiary, SWA Lithium LLC, has closed the US$225 million grant from the U.S. Department of Energy’s (“DOE”) Office of Manufacturing & Energy Supply Chains. The grant will support construction of Phase 1 of the South West Arkansas (“SWA”) project. A Definitive Feasibility Study and Front-End Engineering Design for the Project are currently underway. The partnership is targeting a Final Investment Decision (“FID”) by the end of 2025 with Phase 1 production commencing as soon as 2028. As part of receiving t
TORONTO , Jan. 16, 2025 /CNW/ - Orvana Minerals Corp. (TSX: ORV ) (the "Company" or "Orvana") is pleased to provide a progress update for construction and financing activities at Don Mario ( Bolivia ) and to report production and exploration updates for the first quarter of fiscal year 2025 ("Q1 FY2025) ending December 31, 2024 from Orovalle ( Spain ). Don Mario – Oxides Stockpile Project The Company's Bolivian subsidiary, Empresa Minera Paitití, S.A. (EMIPA) has obtained key permits for the plant expansion at Don Mario and construction has commenced. Construction activities to-date have focused on site preparations and earthworks for the plant expansion area, including the concrete foundation work. Contracting and fabrication of structural
VANCOUVER, BC , Jan. 16, 2025 /CNW/ - Kootenay Silver Inc. (TSXV: KTN ) (the "Company" or "Kootenay") is pleased to provide results from seven new drill holes at the Columba High Grade Silver Project. The batch reported herein comprises tests from three areas at Columba: F-Vein, D-Vein and B-Vein Corridor which is the extension of the historically mined F-Vein. The results are a continuation of ongoing drill testing of those three trends. The company is focused on testing extensions and gaps within the data set in advance of the preparation of a mineral resource estimate. Drill Highlights include; See links to plan map of D and B-Veins and cross sections Hole CDH-24-183 Encountered a broad zone of stockwork mineralization including a high-grade vein intercept at F-Vein in a l