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Lode Gold Leverages Artificial Intelligence to Drive Exploration and Growth in Yukon
https://www.newsfilecorp.com/release/252816/Lode-Gold-Leverages-Artificial-Intelligence-to-Drive-Exploration-and-Growth-in-Yukon
May 20, 2025 3:59 PM EDT | Source: Lode Gold Resources Inc.
Toronto, Ontario--(Newsfile Corp. - May 20, 2025) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce it will be using the AI-assisted mineral discovery platform offered by VRIFY Technology Inc. ("VRIFY"). Vrify, based in Vancouver, Canada, is a worldwide leader in utilizing AI technology that leads to more efficient mineral exploration. Lode Gold will apply the advanced AI-assisted discovery platform to refine and validate exploration plans and targets at Lode Gold's Golden Culvert Project in Yukon, accelerating data-driven decision-making and enhancing exploration outcomes.
GOLD OROGEN APPOINTS INDUSTRY VETERAN GARY WONG AS NEW VP OF EXPLORATION
The Company is pleased to announce the appointment of Gary Wong as Gold Orogen's VP of Exploration to advance its Canadian assets in New Brunswick and Yukon. Gary will lead the team as the company expands fieldwork in New Brunswick, including soil sampling, trenching, and drill testing this season. In Yukon, he will oversee fieldwork-mapping, soil sampling, and channel sampling to develop drill targets.
"We are pleased to appoint Gary Wong as VP of Exploration. With over 30 years of experience in mining exploration and production, including significant work on projects such as Seabee, Mt. Milligan, and Bulyanhulu, Gary brings valuable expertise to our team," comments Wendy T. Chan, CEO and Director of Lode Gold. "His extensive background working in diverse environments will be important as we advance our exploration programs in New Brunswick and Yukon."
Gary is a seasoned professional with over 30 years of global experience in mining exploration and production. He began his career with a decade-long tenure at Placer Dome Inc., leading projects from grassroots to feasibility studies. Notable projects include Seabee, Mt. Milligan, Bulyanhulu, Endako Mine, and Las Cristinas. Gary has worked extensively across Canada, Europe, Latin America, and Africa, adapting to diverse environments from the Arctic to the Tropics.
PRIVATE PLACEMENT
Further to its non-brokered private placement offering originally announced on February 15, 2025, the Company is extending the closing of the private placement until May 31, 2025.
About Lode Gold
Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States. In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.
In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 445 km2 and a 44 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project. Riley Brook is a 335 km2 package covering a 26 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.
In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 10.7 g/t Au in the 1930's. Mining was halted in 1942 due the gold mining prohibition in World War Two (WWII) just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 8% of the veins have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont. The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in creating the towns, businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail. An NI 43-101 MRE has been reported on March 5, 2025. A complete technical report will be filed 45 days later on SEDAR+.
Previously, in March 2023, the company completed an NI 43-101 Preliminary Economic Assessment ("PEA") for the Fremont Gold project. A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold gives an after-tax NPV of USD $370M and a 31% IRR over an 11-year LOM. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized. All NI 43-101 technical reports are available on the Company's profile on SEDAR+ (www.sedarplus.ca) and the Company's website (www.lode-gold.com).
ON BEHALF OF THE COMPANY
Wendy T. Chan
CEO & Director
Information Contact
Winfield Ding
CFO
info@lode-gold.com
+1-(604)-977-GOLD (4653)
Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (604) -977-GOLD (4653)
Cautionary Note Related to this News Release and Figures
This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
Cautionary Statement Regarding Forward-Looking Information
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.
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.
There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.
SOURCE: Lode Gold Resources Inc.
Snowline Gold Commences Fully Funded 30,000 M Exploration and Project Advancement Program
Fully funded 2025 field campaign focuses on rapid advancement of the Valley gold deposit to inform potential future technical and economic studies and efficient permitting
Five drill, 30,000 m drill program launched, with 20,000 m dedicated to advancement and near-deposit exploration at Valley
Upwards of 10,000 m allocated for first pass and follow up drilling on at least five additional targets across the Rogue, Cynthia and Einarson projects, with a primary focus on RIRGS systems
https://www.accessnewswire.com/newsroom/en/metals-and-mining/snowline-gold-commences-fully-funded-30-000-m-exploration-and-project-advancement-1029761
Tuesday, 20 May 2025 06:00 AM
VANCOUVER, BC / ACCESS Newswire / May 20, 2025 / SNOWLINE GOLD CORP. (TSX-V:SGD)(OTCQB:SNWGF)
Cascadia Commences First Drill Test of 1,065 g/t Gold Outcrop at Amp Zone Catch Copper-Gold Property, Yukon
https://www.newswire.ca/news-releases/cascadia-commences-first-drill-test-of-1-065-g-t-gold-outcrop-at-amp-zone-catch-copper-gold-property-yukon-893623686.html
News provided by Cascadia Minerals Ltd. May 20, 2025, 08:00 ET
VANCOUVER, BC, May 20, 2025 /CNW/ - Cascadia Minerals Ltd. ("Cascadia") (TSXV: CAM) (OTCQB: CAMNF) is pleased to announce the commencement of its fully-funded exploration program for the 2025 field season. Crews have recently mobilized to the Catch copper-gold porphyry and gold-silver epithermal project, where work is underway to follow up on a new 1,065 g/t gold outcrop discovery made in 2024 and other copper-gold target areas.
Highlights
Amp Zone 2025 (CNW Group/Cascadia Minerals Ltd.)
Amp Zone Epithermal Gold-Silver±Copper Target
Prospecting and mapping underway to follow up on 2024 discovery of a new undrilled outcrop returning 1,065 g/t gold with 267 g/t silver (Figure 1);
Hand trenching and sampling will focus on a 20 m long area where the average grade of 20 outcrop samples was 73.45 g/t gold with 19.5 g/t silver (Figure 1);
Sampling will also follow-up on an area 70 m to the north which returned 2.13% copper in outcrop (Figure 1);
Diamond drilling to commence in late May, totaling 400 m in two or three holes targeting the high-grade trend (Figure 1); and
Grid soil sampling underway to refine a trend of anomalous results including 1,128 ppb and 471 ppb gold in soil and 531 ppm copper in soil (Figures 2-3).
Volt Zone Porphyry Copper-Gold Target
Prospecting and surficial mapping underway to identify the bedrock source of a 500 x 500 m area of copper-gold mineralization in float, with rock samples returning 3.03% copper with 4.46 g/t gold, 2.83% copper with 6.07 g/t gold, and 14.60 g/t gold with 0.42% copper (Figures 2-3); and
Diamond drilling planned totaling up to 600 m testing the bedrock source of mineralization (Figure 4).
Prospecting will also occur at numerous underexplored areas throughout the property with compelling copper-gold±molybdenum soil anomalies.
"We're very excited to have our 2025 exploration at Catch underway," stated Cascadia's President and CEO, Graham Downs, "The discovery in 2024 of extremely high-grade gold-silver mineralization at the Amp Zone is a game changer for Cascadia. Crews are conducting detailed prospecting and mapping of outcrops at Amp to refine drill targeting and drill pad placement. With diamond drilling scheduled to begin before the end of the month, we will soon see what these high-grade rocks look like at depth. The next priority for crews will be systematic exploration of the Volt Zone, which has extensive float mineralization across a broad geochemical anomaly. Our team is confident we can localize the bedrock source of this mineralization for drilling after the Amp holes are completed."
Figure 1 – Amp Zone Drilling Plan
Figure 2 – Amp-Volt Zone Gold-in-Soil
Figure 3 – Amp-Volt Zone Copper-in-Soil
Figure 4 – Volt Zone Drilling Plan
Catch Property Exploration
The 119 km2 Catch Property is located in central Yukon, 50 km southeast of the town of Carmacks, within the Traditional Territory of the Little Salmon Carmacks First Nation, in an underexplored part of the Stikine Terrane – a key geological terrane which extends from the Golden Triangle in British Columbia into Yukon. The property is only 10 km from an all-season highway and powerline and has no documented historical exploration before 2020.
Work in 2025 is planned to focus on the Amp and Volt zones. At the Amp Zone, two to three shallow drill holes, totaling approximately 400 m, will test high-grade epithermal gold-silver mineralization discovered in outcrop in 2024. One sample returned 1,065 g/t gold with 267 g/t silver, with nearby follow-up samples returning 187.0 g/t gold with 33.9 g/t silver, and 141.0 g/t gold with 45.2 g/t silver. These samples are located within a highly silicified basalt associated with elevated arsenic and antimony geochemistry. Significant copper mineralization has also been encountered in rock samples at Amp, with 2023 sampling returning 2.13% copper in outcrop. Crews will also conduct prospecting and mapping at this target to better understand the distribution of mineralization, and the relationship between the high-grade gold and copper zones.
At the Volt Zone, located 1 km north of Amp, drilling will target the as-yet unidentified source of significant copper-gold mineralization in float across a 500 x 500 m area, where 258 rocks returned an average grade of 0.32% copper with 0.70 g/t gold. This mineralization is located within a landslide which has shifted it from source by up to 250 m. Crews will begin by completing a comprehensive mapping and surficial geology study to refine drill targeting, with up to 600 m of diamond drilling planned.
The Spark Zone, the focus of Cascadia's 2024 drilling, remains open in multiple directions. A comprehensive core review was conducted this spring, which has identified a distinct north-east trend of mineralization. This corresponds well with a geophysical interpretation which identified key structural controls in the area and a string of potential intrusive centers extending to the northeast from the drilled target. Hand pitting will be completed to sample bedrock in these areas, with additional geophysics and diamond drilling to be considered later in the season, if results warrant.
About Cascadia
Cascadia is a Canadian junior mining company focused on making new copper and gold discoveries the Yukon and British Columbia. Cascadia's flagship Catch Property in the Yukon hosts a brand-new copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold. Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver.
In addition to Catch, Cascadia is conducting exploration work at its Macks and Milner properties – recently staked Catch analogues within Yukon's Stikine Terrane which have additional copper porphyry targets. Cascadia has approximately 70 million shares outstanding and its largest shareholders are Hecla Mining Company, Michael Gentile and Barrick Gold.
Results referenced in this release represent highlight results only. Below detection values for gold, copper, silver and molybdenum have been encountered in soil and rock samples in these target areas.
The technical information in this news release has been approved by Austin Schneebeli, B.Sc., P.Geo., Senior Geologist for Cascadia and a qualified person for the purposes of National Instrument 43-101.
On behalf of Cascadia Minerals Ltd.
Graham Downs, President and CEO
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 NEWS RELEASE.
Cautionary note regarding forward-looking statements:
This press release may contain "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update forward-looking information, except as required by securities laws.
SOURCE Cascadia Minerals Ltd.
For further information, please contact: Andrew Carne, M.Eng., P.Eng., VP Corporate Development, Cascadia Minerals Ltd., T: 604-688-0111 ext. 106, acarne@cascadiaminerals.com
Snowline Gold Expands Measured and Indicated Gold Ounces By 96% In Updated Mineral Resource Estimate at Its Valley Gold Deposit, Yukon
Updated Mineral Resource Estimate (MRE) for the Valley gold deposit, located on Snowline's 100% owned Rogue Project in the Yukon Territory, Canada, shows substantial growth and de-risking from the previous, initial MRE in 2024:
Measured & Indicated Mineral Resources: 204 Mt at 1.21 g/t Au for 7.94 million ounces, a 96% increase in Measured and Indicated contained ounces*
Inferred Mineral Resource: 45 Mt at 0.62 g/t Au for 0.89 million ounces
Resource remains open to expansion along multiple limits of current drill testing, with potential for additional higher grade gold zones outside the current resource, as indicated by late 2024 drilling
Quality of resource highlighted by consistent conversion to higher categories, including 40% of total Measured and Indicated gold ounces now classified as Measured
Initial Preliminary Economic Assessment for Valley is well underway and expected to be finalized in the coming weeks
*Based on Indicated Mineral Resources of 4.052 Moz gold (76 Mt at 1.66 g/t Au), with no Measured Mineral Resources, in the previous MRE for Valley, supported by the technical report for Rogue entitled "Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate," authored by Heather Burrell, P. Geo., Daniel J. Redmond, P. Geo., and Steven C. Haggarty, P. Eng., with an effective date of May 15, 2024.
https://www.accessnewswire.com/newsroom/en/metals-and-mining/snowline-gold-expands-measured-and-indicated-gold-ounces-by-96-in-updated-mineral-1028134
Thursday, 15 May 2025 06:00 AM
VANCOUVER, BC / ACCESS Newswire / May 15, 2025 / SNOWLINE GOLD CORP. (TSX-V: SGD)(OTCQB:SNWGF)
Gladiator Intersects 14m @ 3.13% Copper and 0.69 g/t Gold, Extending High-Grade Copper-Gold Mineralization at Cowley Park to the North-East by 250m
https://www.newsfilecorp.com/release/251676/Gladiator-Intersects-14m-3.13-Copper-and-0.69-gt-Gold-Extending-HighGrade-CopperGold-Mineralization-at-Cowley-Park-to-the-NorthEast-by-250m
May 12, 2025 7:00 AM EDT | Source: Gladiator Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7)
Triumph Gold Discovers a New Silver and Gold Vein Showing at the Freegold Mountain Project, Yukon
https://www.newsfilecorp.com/release/251686/Triumph-Gold-Discovers-a-New-Silver-and-Gold-Vein-Showing-at-the-Freegold-Mountain-Project-Yukon
May 12, 2025 6:00 AM EDT | Source: Triumph Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - Triumph Gold Corp. (TSXV: TIG) (OTC Pink: TIGCF) (FSE: 8N6)
Sitka Gold Intersects 25.0 Meters of 5.04 g/t Gold, Including 1.8 Metres of 54.70 g/t Gold Within 86.4 m of 1.65 g/t Gold at Its RC Gold Project, Yukon
DDRCC-25-076 ("Hole 76") confirms and extends high-grade gold mineralization at Blackjack with 25.0 m of 5.04 g/t gold, within 86.4 m of 1.65 g/t gold, and a separate interval of 12.2 m of 4.55 g/t gold within 94.0 m of 1.15 g/t gold
Hole 76 was the deepest hole ever drilled at RC Gold with a drilled length of 810.8 m and strong gold mineralization encountered at the bottom of the hole suggests this high-grade gold zone continues deeper at the Blackjack zone
Hole 76 is the second hole of a fully funded 30,000 m drilling program planned at RC Gold for 2025
Drilling has resumed for the summer program with the first of four planned drills currently turning at the Blackjack deposit.
https://www.newsfilecorp.com/release/251268/Sitka-Gold-Intersects-25.0-Meters-of-5.04-gt-Gold-Including-1.8-Metres-of-54.70-gt-Gold-Within-86.4-m-of-1.65-gt-Gold-at-Its-RC-Gold-Project-Yukon
May 08, 2025 8:30 AM EDT | Source: Sitka Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2025) - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF
Sanatana Enters into a Definitive Agreement to Acquire 5,900 Hectare Gold Strike Two Project Establishing Foothold in the Rogue Plutonic Complex Region in Yukon, Canada
Gold Strike Two Project borders Snowline Gold Corp.'s Rogue project, approximately 15 km east-southeast of Snowline's Valley discovery and is considered to have the geological potential to host a reduced intrusion-related gold system (RIRGS).
The vendor of the Gold Strike Two Project is a mining project generator with a portfolio of projects in Canada, focusing on Yukon. This transaction forms an important collaboration with the vendor for Sanatana to negotiate possible further acquisitions.
Concurrent non-brokered LIFE Offering and concurrent non-brokered private placement to raise up to $1,200,000 through the issuance of units priced at $0.10 per unit, each unit comprising one common share and one warrant exercisable at $0.12 for 12 months, subject to acceleration.
Concurrent with the closing of the acquisition, Sanatana expects to change its name to better reflect its mineral properties.
https://www.newsfilecorp.com/release/250941/RETRANSMISSION-Sanatana-Enters-into-a-Definitive-Agreement-to-Acquire-5900-Hectare-Gold-Strike-Two-Project-Establishing-Foothold-in-the-Rogue-Plutonic-Complex-Region-in-Yukon-Canada
May 06, 2025 9:00 AM EDT | Source: Sanatana Resources Inc.
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2025) - Sanatana Resources Inc. (TSXV: STA) ("Sanatana" or the "Company") has entered into a quartz claim purchase agreement (the "Definitive Agreement") with LIRECA Resources Inc. ("LIRECA") to acquire the Gold Strike Two Project (the "Acquisition"). LIRECA, and its affiliated company Florin Resources Inc. (together with LIRECA, the "Florin Group"), are private companies that have five key properties in Yukon: the Gold Strike Two Project, the Gold Strike One Project, the Florin Gold Project, the FLR Gold Project and the RJ Gold Project which are located within the Tintina Gold Province where regionally mineralization is associated with Tombstone and Mayo Plutonic Suites. The Florin Group is currently an arm's length party to Sanatana.1 For additional information on the Florin Group's portfolio of projects, see "About the Florin Group" at the end of this news release. Closing of the Acquisition is subject to TSX Venture Exchange (the "TSX-V") approval.
Peter Miles, CEO of Sanatana commented: "The Florin Group is a mining project generator that has acquired an impressive portfolio of mineral properties in British Columbia, Quebec, Newfoundland and Labrador, with a focus on Yukon. The definitive agreement for Gold Strike Two establishes an important relationship with the Florin Group for Sanatana to negotiate further possible acquisitions from the Florin Group. Gold Strike Two is a key acquisition for Sanatana and, subject to closing, is expected to establish Sanatana as one of the few publicly traded companies with a prospective land position in the Rogue Plutonic Complex region which has received significant industry recognition from Snowline Gold Corp.'s recent Valley discovery."
John Fiorino, principal of the Florin Group commented: "The Florin Group looks forward to engaging in further discussions with Sanatana's management to explore possible additional mineral property transactions, identifying opportunities where our complementary strengths can drive mutually beneficial transactions."
About the Gold Strike Two Project
The Gold Strike Two Project comprises 293 contiguous quartz claims (ICY 1 to 293) covering approximately 59 km2 (5,866 hectares / 14,495 acres). The Gold Strike Two Project encompasses the majority of the Rogue Pluton which is part of the Mayo Plutonic Suite and is located in the Mayo Mining District, see Figure 1.
Figure 1 - Gold Strike Two Project and Surrounding Area
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2534/250782_e48e531d4497ea4d_002full.jpg
Location
The Rogue Pluton is considered prospective to potentially host reduced intrusion-related gold system (RIRGS) style mineralization. RIRGS deposits are a type of gold deposit found in specific geological settings, notably within the Tombstone Gold Belt in Yukon, Canada. These deposits are associated with reduced (low-oxygen) plutonic intrusions, typically mid-Cretaceous granitic bodies, and are characterized by gold mineralization hosted in sheeted quartz veins, skarns, or disseminated forms. RIRGS deposits are known to occur in clusters. The most significant RIRGS deposit in the region occurs on the adjacent Rogue Project of Snowline Gold Corp. at their Valley Gold Deposit, which is approximately 15 km west-northwest of the Goldstrike Two Project.
Much of the Gold Strike Two Project includes icefields which have, like elsewhere in the world, retreated in the last decades exposing geology that was not accessible in the past and thus represents an under explored geological target.
While it is understood that RIRGS cluster and occur in belts, and the geological exploration industry considers exploring in these belts to have a higher probability of exploration success, there is no guarantee of exploration success or that the Company's exploration thesis will be proven correct. The Company also cautions that mineralization hosted on adjacent, nearby or geologically similar properties, is not necessarily indicative of possible mineralization hosted on Gold Strike Two.
See Appendix 1 (at the end of this news release) showing the regional geology.
Exploration Work
The 2024 exploration work completed by the Florin Group on the Gold Strike Two Project consisted of WorldView-3 and ASTER satellite imagery, alteration mineral mapping, rock sampling, soil sampling, and silt sampling, focused on the margins of the mapped Rogue Pluton. The 2024 work program identified rock, silt, and soil samples anomalous in gold, arsenic, bismuth and tungsten. The areas where these rock samples were taken is coincident with sericite and iron-oxide/gossan zones detected by ASTER satellite data. These zones are in proximity to the contacts between the Rogue Pluton and the host sedimentary rocks of the Gull Lake and Narchilla Formations. Recommendations include follow-up exploration efforts focusing on defining these contact zones through geological mapping, and sampling.
The Company expects to mobilize in early summer in order to begin an exploration program including prospecting, mapping, and rock and soil sampling.
Terms of the Definitive Agreement
Pursuant to the Definitive Agreement (dated May 5, 2025), Sanatana is required to provide the following consideration to LIRECA:
Cash Payments: An aggregate of $500,000, payable $250,000 on the closing date and a further $250,000 to be held in escrow and payable within 90 days of closing. Such cash payment is subject to acceleration if Sanatana raises $300,000 or more in equity or debt financing within 90-days post closing.
Share Issuance: 6,000,000 common shares of Sanatana issued to LIRECA on the closing date. Such common shares are issued pursuant to a prospectus exemption and are subject to a statutory restricted period of four months and a day from the date of issuance.
The Gold Strike Two Project is subject to 3% net smelter returns royalty (the "NSR Royalty"), as further described in the Definitive Agreement, a copy of which will be filed under Sanatana's SEDAR+ profile at www.sedarplus.ca. At any time prior to the commencement of commercial production, the NSR Royalty payor can reduce the NSR Royalty by 0.5% increments, from 3% to 1%, by paying 250 ounces of gold or US$500,000 (whichever is greater in monetary value) for each 0.5% reduction, provided the NSR does not fall below 1%.
The Gold Strike Two Project is subject to an annual advance royalty payment to the NSR holder in the amount of the greater monetary value of US$20,000 and seven ounces of gold (the "Annual Advance Royalty"). The Annual Advance Royalty shall be payable on or before each subsequent anniversary of the date of the closing of the Definitive Agreement. Subject to the terms of the NSR Royalty, the Annual Advance Royalty will cease upon the commencement of commercial production and the Annual Advance Royalty payments shall constitute prepayment of the NSR Royalty payments.
In the event the purchaser of the Gold Strike Two Project publicly announces a resource estimate on any portion of the project, prepared in accordance with National Instruction 43-101 - Standards of Disclosure for Mineral Projects, that estimates the presence of Gold Ounces, the purchaser shall deliver to an affiliate of LIRECA (or its assignee), the greater of US$1,000,000 in immediately available funds or 400 ounces of Physical Gold for every million Gold Ounces delineated by such resource estimate. Such bonus payment is due for each million Gold Ounce delineated by such resource estimate and any additional resource estimate. The bonus payment is limited to a maximum of 4,000,000 Gold Ounces delineated and any ounces in excess of 4,000,000 Gold Ounces delineated is not subject to a bonus payment. "Gold Ounces" means gold or gold equivalent ounces in any resource category (that is, an inferred mineral resource, an indicated mineral resource, and/or a measured mineral resource).
LIRECA has the right, but not the obligation, to nominate one director to the Company's board of directors.
The Acquisition is an arm’s length transaction and is not expected to result in the creation of a new “Control Person” of the Company pursuant to the policies of the TSX-V. The Acquisition is expected to be a “Reviewable Transaction” but is not expected to be a “Fundamental Transaction” (as such terms are defined in TSX-V policies). No finder’s fee was paid in connection with the Definitive Agreement.
Concurrent LIFE Offering and Private Placement
In connection with the Definitive Agreement, Sanatana concurrently announces two non-brokered private placements for cumulative gross proceeds of up to $1,200,000 from the sale up to 12,000,000 units of the Company (each, a "Unit") at a price of $0.10 per Unit. 3,662,248 Units are offering under the Listed Issuer Financing offering (the "LIFE Offering") and 8,337,752 Units are offered under the concurrent private placement offering (the "Concurrent Offering"). Both the LIFE Offering and the Concurrent Offering are non-brokered.
Each Unit will consist of one common share in the capital of the Company and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.12 per common share for a period of 12 months from the date of closing of the Private Placement. The Warrants are non-transferable.
The Warrants are subject to an acceleration clause whereby if the closing price of the common shares of the Company on the principal market on which such shares trade is equal to or exceeds $0.25 for 10 consecutive trading days (with the 10th such trading date hereafter referred to as the "Eligible Acceleration Date"), the Warrant expiry date shall accelerate to the date which is 30 calendar days following the date a news release is issued by the Company announcing the reduced Warrant term, provided, no more than five business days following the Eligible Acceleration Date: (i) the news release is issued; and (ii) notices are sent to all warrant holders.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the LIFE Offering is being made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). Subject to the rules and policies of the TSX-V, the securities issuable from the sale of Units to Canadian resident subscribers will not be subject to a hold period under applicable Canadian securities laws. Insiders and certain consultants that participate in the LIFE Offering would be subject to a four-month hold period in respect of securities issued pursuant to applicable policies of the TSX-V.
There is an offering document (the "Offering Document") related to the LIFE Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.sanatanaresources.com. Prospective investors should read this Offering Document before making an investment decision.
In addition to the Listed Issuer Financing Exemption offering, the Company intends to complete the Concurrent Offering of up to 8,337,752 Units on the same financial terms of the LIFE Offering for gross proceeds of up to approximately $833,775. The Concurrent Offering will be made available to accredited investors and other eligible investors in British Columbia, Ontario, Alberta and such other jurisdictions as the Company may decide in accordance with applicable laws. Units purchased in connection the Concurrent Offering will be subject to a four month and one day hold period from the date of issue.
The closing of the LIFE Offering and the Concurrent Offering is expected to occur on or about May 16, 2025, or such other date, as the Company may agree, which must be within 45 days from the date hereof for the LIFE Offering (the "Closing Date"). Closing of the LIFE Offering is not conditional upon the closing of the Concurrent Offering.
In connection with the LIFE Offering and the Concurrent Offering, the Company may pay finder's fees to certain eligible arm's length parties in accordance with the polices of the TSX-V in consideration for their efforts in introducing subscribers to the Company.
It is anticipated that insiders of the Company may participate in the LIFE Offering and/or the Concurrent Offering, and such Units issued to insiders will be subject to a four month hold period pursuant to applicable policies of the TSX-V. The issuance of Units to any insiders will be considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). In respect of any such insider participation, the Company expects to rely on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a), as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Company's market capitalization.
The Concurrent Offering is subject to an over-allot right pursuant to which the Company can increase the size of the entire financing by 15% (i.e. up to an additional $180,000).
The Company intends to use the net proceeds from the sale the Units for general working capital expenses and exploration expenses for the Gold Strike Two Project. Under the terms of a $200,000 secured promissory note (the "Promissory Note") the Company issued on December 31, 2024, the Company must repay the Promissory Note in full if it raises at least $800,000 in debt or equity financing. The Company anticipates that the LIFE Offering and the Concurrent Offering will require repayment or conversion of the note in full.2 The Promissory Note is held by an affiliate of Florin Group.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
Name Change
The Company has reserved a new corporate name and expects to announce the name change concurrent with the closing of the Definitive Agreement. The name change better reflects the Company's mineral properties in Yukon and British Columbia.
Closing Conditions
Closing of the Definitive Agreement and completion of the LIFE Offering, the Concurrent Private Placement, and the Name Change are subject to a number of prescribed conditions, including, without limitations, approval of the TSX-V.
Technical Information
The technical information in this news release was prepared under the supervision of Derek Torgerson P.Geo, B.Sc Geology. Mr. Torgerson is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and approved the technical information disclosed in this news release. Mr. Torgerson is independent of the Company for the purposes of NI 43-101.
About the Company
Sanatana Resources Inc. is a mineral exploration and development company focused on high-impact properties in Canada. With an award-winning technical team and experienced management and board of directors, Sanatana is based in Vancouver and is listed on the TSX Venture Exchange (TSXV: STA).
About the Florin Group
The Florin Group, led by its principal John Fiorino, has been in mineral exploration and project generation in excess of 20 years. With notable discoveries and projects advancements.
The Florin Gold Group is a mining project generator with a portfolio of projects across Canada, with a primary focus on projects in Yukon. The Florin Group's mandate is to generate projects that have geological settings, potential historic data, geochemistry, geophysics and importantly an active mining camp ideally within 1-2 km of a discovery or active drilling. The Florin Gold Group's portfolio of projects includes the following mineral properties:
Yukon, Tombstone Gold Belt
Project Name Description
Gold Strike Two Project Comprises 293 contiguous quartz claims (ICY 1 to 293) covering approximately 5,866 hectares (approximately 14,495 acres). This project is subject to a definitive agreement with Sanatana.
Gold Strike One Project Comprises 107 contiguous quartz claims totalling approximately 2,019 hectares (4,989 acres). The Gold Strike One Project is adjacent to and partially surrounding Snowline Gold Corp's Valley discovery with the closest property boundary located approximately 300 metres from the Valley discovery.
Florin Gold Project Covers 8,879.38 hectares (21,941.24 acres). The Florin Gold Project consists of contiguous mineral claims straddling the Mayo and Dawson Mining District boundaries and is located approximately 55 km northwest of the town of Mayo and 130 km east-southeast of Dawson City.
FLR Gold Project Consists of 838 mineral claims totalling 16,480 hectares (40,723 acres) and is located approximately 1 km from Sitka Gold Corp. recent resource announcement.
RJ Gold Project Consists of 349 Mineral Claims totalling 6,576 hectares (16,250 acres).
SANATANA RESOURCES INC.
(signed) "Peter Miles"
Peter Miles
Chief Executive Officer
For additional information on the Company, please contact Mr. Peter Miles, Chief Executive Officer at (604) 408-6680 or email investor@sanatanaresources.com.
To be added to the email distribution list, please email ir@sanatanaresources.com with "Sanatana" in the subject line.
Cautionary Statement Regarding "Forward-Looking" Information
This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this news release contains forward looking statements concerning the Definitive Agreement, LIFE Offering, the Concurrent Offering, the completion of the LIFE Offering and the Concurrent Offering, closing of the Definitive Agreement, possible further acquisitions from the Florin Group, and the expected closing date of the LIFE Offering and the Concurrent Offering, the use of proceeds from the LIFE Offering and the Concurrent Offering.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.
Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Appendix 1 - Regional Geology
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2534/250782_sanatanaapp01.jpg
1 LIRECA is expected to become an insider of Sanatana following closing of the Acquisition.
2 See the Company's news release dated December 31, 2024, a copy of which is available under the Company's SEDAR+ profile at www.sedarplus.ca.
SOURCE: Sanatana Resources Inc.
Gladiator Intersects 11.52m @ 7.54% Cu Within 26m @ 3.60% & 11m @ 6.56% Cu Within 27m @ 3.07% Cu, Confirming High-Grade Copper Extensions at Cowley Park
https://www.newsfilecorp.com/release/250263/Gladiator-Intersects-11.52m-7.54-Cu-Within-26m-3.60-11m-6.56-Cu-Within-27m-3.07-Cu-Confirming-HighGrade-Copper-Extensions-at-Cowley-Park
April 30, 2025 7:00 AM EDT | Source: Gladiator Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2025) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) (
Banyan Provides Update for 2025 Diamond Drill Exploration Program at the AurMac Project, Yukon, Canada
https://www.accessnewswire.com/newsroom/en/metals-and-mining/banyan-provides-update-for-2025-diamond-drill-exploration-program-at-the-aurmac-p-1021608
Wednesday, 30 April 2025 06:00 AM
VANCOUVER, BC / ACCESS Newswire / April 30, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF)
Yukon Metals Announces 2025 Birch Property Drilling Campaign and Exploration Plans
https://www.globenewswire.com/news-release/2025/04/23/3066449/0/en/Yukon-Metals-Announces-2025-Birch-Property-Drilling-Campaign-and-Exploration-Plans.html
April 23, 2025 09:00 ET | Source: Yukon Metals Corp.
VANCOUVER, British Columbia, April 23, 2025 (GLOBE NEWSWIRE) -- Yukon Metals Corp. (CSE: YMC, FSE: E770, OTCQB: YMMCF) (“Yukon Metals” or the “Company”) is pleased to announce the details of its upcoming exploration program on its 7,000-hectare Birch Property (“Birch”), located 65km northeast of Burwash Landing, Yukon, and 200km northwest of Whitehorse. The plans include a focused drilling campaign along with a comprehensive regional exploration program designed to advance copper-gold targets.
Highlights of the 2025 planned exploration:
3,000-meter diamond drilling campaign designed to test compelling high-grade copper-gold skarn targets identified from multiple rock-chip samples grading up to 14.1 g/t gold and 2.42% copper (Figure 1).
Regional soil sampling and alteration mapping to test northern and eastern extensions of the 2024 anomalies, which featured gold in soil of up to 0.99 g/t across 1,400 meters, as well as a strong molybdenum-in-soil anomaly identified to the south, and to further evaluate the broader porphyry potential across the property.
Local Yukon and First Nations contractors engaged to perform majority of work.
Rory Quinn, President & CEO, stated, “We're excited to announce our drilling plans for the 2025 field season at Birch. Our collaboration with local contractors, including New Age Drilling, Vision Quest, and Käganì, underscores Yukon Metals’ continued commitment to responsible exploration and to building meaningful partnerships within the local community. This next phase of drilling and regional mapping builds on the strong momentum generated by the highly encouraging results from our most recent exploration efforts, and we look forward to sharing our progress as the 2025 exploration season unfolds.”
The 2025 exploration program builds on successful geophysical surveys, soil sampling, and geological mapping conducted in 2024. Drilling will focus on testing Induced Polarization and airborne magnetic geophysical anomalies associated with surface soil anomalies identified in 2024 (up to 0.99 g/t Au and 0.24% Cu) along a 1,400-meter strike length (YMC News Release September 3, 2024). Additionally, rock-chip samples from the targeted skarn horizons in 2024 returned grades up to 2.42% copper and 14.1 g/t gold, highlighting substantial exploration potential.
Concurrent regional mapping, soil sampling, and detailed alteration mapping initiatives are designed to define additional targets and better understand the geological controls on mineralization within the significantly expanded claim block. Additionally, the southeast portion of the recently staked area will be a focus of alteration mapping and prospecting, where a soil molybdenum anomaly coincides with a low K/Th radiometric signature, potentially indicating a porphyry-style target and possible extensions of known mineralization trends. Soil samples will be conducted with a battery-powered permafrost soil drill, in line with the 2024 program, to ensure high-quality samples below boulders and frozen ground are collected.
Figure 1- 2025 Birch Exploration Areas
Diamond drilling will be completed by New Age Drilling Solutions, a Yukon-based contractor, in partnership with Vision Quest Drilling, a Kluane First Nations citizen-owned company. Camp support services for the exploration activities will be provided by Käganì, a Kluane First Nations citizen-owned enterprise in partnership with longstanding Yukon-based exploration contractor, Archer Cathro.
Further details will be provided as the 2025 exploration program progresses.
About the Birch Project
Yukon Metals owns 100% of the helicopter-accessed Birch project located 65km northeast of the community of Burwash Landing. The Birch project area is dominated by frost-heaved boulders in unglaciated terrain, with outcrop present on steeper ridges. The project lies predominantly within the Finlayson assemblage of the Yukon-Tanana Terrane, consisting of variably carbonaceous schist and quartzite, marble, garnet amphibolite and rare meta plutonic rocks.
The Yukon-Tanana Terrane structurally overlies the Ruby Range Batholith which is regionally mapped in the northeastern portion of the property occurring as Ruby Range quartz-feldspar porphyry and Rhyolite Creek porphyry and intermediate and felsic volcanic rock (Israel et. Al., 2011). Project-level mapping indicates the geology of the area is comprised of schists and marble units, moderately to strongly oxidised felsic intrusive, and patchy oxidised porphyritic rhyolite dykes.
Copper, zinc and molybdenum mineralization was first identified in the area in the early 1970s as part of a small exploration campaign which uncovered several skarn horizons in the northern project area, as well as molybdenite in quartz veins and stringers in granodiorite float on the southeastern side of the property (MINFILE 115G 077). Gold was not assayed for until interest renewed in the early 2010s with soil and mapping exploration work over the area uncovering several high soil anomalies ranging from 0.02-15g/t Au.
Rock samples taken while prospecting referenced in this release are selective in nature and collected to determine the presence or absence of mineralization and may not be representative of the mineralization hosted on the project.
Figure 2- Birch Property Location Map.
Qualified Person
The technical content of this news release has been reviewed and approved by Helena Kuikka, P.Geo., VP Exploration for Yukon Metals and a Qualified Person (as defined by National Instrument 43-101).
About Yukon Metals Corp.
Yukon Metals is well financed and represents a property portfolio built on over 30 years of prospecting by the Berdahl family, the prospecting team behind Snowline Gold’s portfolio of primary gold assets. The Yukon Metals portfolio consists primarily of copper-gold and silver-lead-zinc assets, with a substantial gold and silver component. The Company is led by an experienced Management Team and Board of Directors across technical, financial, environmental and social disciplines.
Yukon Metals is focused on fostering sustainable growth and prosperity within Yukon's local communities, while simultaneously enhancing shareholder value. Our strategy centers around inclusiveness and shared prosperity, offering both community members and investors the chance to contribute to, and benefit from, our ventures.
The Yukon
The Yukon ranks 10th most prospective for mineral potential across global jurisdictions according to the Fraser Institute’s 2023 Survey of Mining Companies and is host to a highly experienced and conscientious local workforce, fostered by a long culture of exploration coupled with deep respect for the land. Recent major discoveries with local roots such as Snowline Gold’s Rogue Project - Valley Discovery, demonstrate the Yukon’s potential to generate fresh district-scale mining opportunities.
ON BEHALF OF THE BOARD OF YUKON METALS CORP.
“Rory Quinn”
Rory Quinn, President & CEO
Email: roryquinn@yukonmetals.com
Phone: 604-366-4408
For additional information please contact:
Kaeli Gattens
Vice President, Investor Relations & Communications
Yukon Metals Corp.
Email: kaeligattens@yukonmetals.com
Website: www.yukonmetals.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking information, including information about the metal association and geology of the prospect area at Birch pointing to the prospectivity for a gold-rich copper porphyry system, significant scale having been demonstrated by a soil anomaly over 1,400 meters long, the potential for economic grades of copper and gold based on grades taken from surface rock chips, the Yukon’s potential to generate fresh district-scale mining opportunities, and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify the forward-looking information. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking information involves significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from those discussed or implied in the forward-looking information. Such factors include, among other things: risks and uncertainties relating to Birch not being a prospective gold-rich copper porphyry system, not having significant scale and a lack of economic grade minerals; the Yukon not having the potential to generate fresh district-scale mining opportunities; and other risks and uncertainties. See the section entitled “Risk Factors” in the Company’s listing statement dated May 30, 2024, available under the Company’s profile on SEDAR+ at www.sedarplus.ca for additional risk factors. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with the forward-looking information. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to update or revise the information to reflect new events or circumstances, except as required by law.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/17f09bef-da79-4aaa-a9e4-01c7e24e43b0
https://www.globenewswire.com/NewsRoom/AttachmentNg/72161e7e-20a8-4d3f-8b24-85172cd7c87a
Klondike Gold Commences 2025 Exploration and Drilling
https://www.accessnewswire.com/newsroom/en/metals-and-mining/klondike-gold-commences-2025-exploration-and-drilling-1018934
Thursday, 24 April 2025 08:30 AM
VANCOUVER, BC / ACCESS Newswire / April 24, 2025 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ("Klondike Gold" or the "Company") is pleased to report the commencement of 2025 exploration and drilling on the Company's 100% owned a Klondike District Property (the "Property") spanning 727 square kilometer bedrock gold of advanced exploration (see Figure 1).
Peter Tallman, President and CEO of Klondike states "2025 drilling is anticipated to commence on or before April 28 which begins a multiphase campaign to expand the extents of gold mineralization in the Eldorado Creek corridor. The overall drill plan will target significant lateral and deep vertical extensions to high grade gold vein zones and includes provision for the first time to drill up to 750m hole length to test for significant extension of mineralization to depth".
The 2025 drilling program is based around positive new insights stemming from recent evaluation work which have significantly updated our gold mineralization models. The Klondike exploration team have recast and remapped outdated geology units in use since the 1980's, compiled and mapped multiple individual thrust planes within the composite Eldorado Fault thrust zone. In addition, using measurements from oriented drill core and new surface structural mapping have constructed 3-D structural, vein, and gold mineralization models along the ‘Eldorado Creek corridor'.
Importantly the Company has documented high grade orogenic style gold veining (>30 g/t Au) outcropping within 500 meters of vertical elevation from the level of Eldorado Creek at the bottom to the tops of hills above. Our new 3-D mineralization/structural models consistently link many ‘Undrilled Au Showings' (see Figure 2) together along multiple parallel, stacked mineralized faults.
These lengthy linear zones containing gold-bearing mineralization will be the focus of 2025 exploration drilling with the goal to outline a substantial area of gold mineralization extending to depth from our existing at-surface mineral resource estimate1 containing 581k oz Au calculated at $1700 USD gold price.
Figure 1: Location of Klondike Gold's bedrock gold 727 square kilometer "Klondike District Project" and the Montana Creek Placer lease operation.
Figure 2: Vertical longitudinal view of gold mineralization along Eldorado Creek with drill target area and existing mineral resource areas outlined.
Figure 3: Plan view of gold mineralization along Eldorado Creek with drill target area and existing mineral resource areas outlined.
ABOUT KLONDIKE GOLD CORP.
Klondike Gold is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. Multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company has identified a pit constrained Mineral Resource Estimate of 469,000 Indicated and 112,000 Inferred gold ounces[1], a milestone first for the Klondike District. The Company retains a 10% production royalty on the active Montana Creek placer property with payments capped at $9.5M total over 6 years. The Company is focused on exploration and development of its 729 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, Yukon, within the Tr'ondëk Hwëch'in First Nation traditional territory.
ON BEHALF OF KLONDIKE GOLD CORP.
"Peter Tallman"
Peter Tallman,
President and CEO
FOR FURTHER INFORMATION:
Telephone: (604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com
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.
Certain statements contained in this news release constitute "forward-looking statements". When used in this document, the words "anticipated", "expect", "estimated", "forecast", "planned", and similar expressions are intended to identify forward-looking statements or information. These statements are based on current expectations of management, however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. Klondike Gold does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.
Forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices and changes in the Company's business plans.In making the forward looking statements in this news release, the Company has applied several material assumptions that the Company believes are reasonable, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. The Company seeks safe harbor.
For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.
[1]The Mineral Resource Estimate for the Klondike District Property was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI 43-101. The technical report supporting the Mineral Resource Estimate entitled "NI 43-101 Technical Report on the Klondike District Gold Project, Yukon Territory, Canada" has been filed on SEDAR at www.sedarplus.ca effective November 10, 2022. Refer to news release of December 16, 2022.
SOURCE: Klondike Gold Corp.
CANTEX PLANS DRILLING FOR GOLD AND SILVER-COPPER IN ADDITION TO COPPER AND MASSIVE SULPHIDE SILVER-LEAD-ZINC-GERMANIUM PROJECTS AT NORTH RACKLA, YUKON, CANADA
https://www.newswire.ca/news-releases/cantex-plans-drilling-for-gold-and-silver-copper-in-addition-to-copper-and-massive-sulphide-silver-lead-zinc-germanium-projects-at-north-rackla-yukon-canada-809482819.html
News provided by Cantex Mine Development Corp. Apr 24, 2025, 09:00 ET
KELOWNA, BC, April 24, 2025 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF)
Gladiator Reports 14m @ 3.39% Within 41.9m @ 1.66% Cu Confirming High-Grade Copper Extensions at Cowley Park
https://www.newsfilecorp.com/release/249321/Gladiator-Reports-14m-3.39-Within-41.9m-1.66-Cu-Confirming-HighGrade-Copper-Extensions-at-Cowley-Park
April 22, 2025 7:00 AM EDT | Source: Gladiator Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Gladiator Metals Corp (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7)
Sitka Gold Intersects 108.9 Metres of 3.27 g/t Gold Including 45.0 Metres of 4.52 g/t Gold Within 352.8 Metres of 1.55 g/t Gold at Its RC Gold Project, Yukon
DDRCC-25-075 ("Hole 75") delivers best high-grade intercept drilled to date at Blackjack with 352.8 m of 1.55 g/t gold including 108.9 m of 3.27 g/t gold and 45.0 m of 4.52 g/t gold
Hole 75 is the first diamond drill hole to be completed as part of a fully funded 30,000 m drilling program planned at RC Gold for 2025
Results from Hole 75 extend the high-grade gold zone discovered late last year in Hole 68
Assay results from Hole 75 showcase the persistence and continuity of this higher-grade gold zone (see Table 3) with grades that appear to be increasing with depth
These results further endorse a potential underground mining scenario below Blackjack's existing pit-constrained mineral resources of 1.29 Moz grading 1.01 g/t gold indicated and 1.04 Moz grading 0.94 g/t gold inferred
Assays are currently pending for DDRCCC-25-076 ("Hole 76") which was drilled to a hole depth of 810.8 m, the deepest hole drilled to date at Blackjack, and had over 60 instances of visible gold observed in the drill core (see Figures 1 and 7).
https://www.newsfilecorp.com/release/249328/Sitka-Gold-Intersects-108.9-Metres-of-3.27-gt-Gold-Including-45.0-Metres-of-4.52-gt-Gold-Within-352.8-Metres-of-1.55-gt-Gold-at-Its-RC-Gold-Project-Yukon
April 22, 2025 6:00 AM EDT | Source: Sitka Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF)
CANTEX'S NORTH RACKLA PROJECT CONTAINS HIGH CRITICAL METAL GERMANIUM VALUES IN YUKON, CANADA
https://www.newswire.ca/news-releases/cantex-s-north-rackla-project-contains-high-critical-metal-germanium-values-in-yukon-canada-889203600.html
News provided by Cantex Mine Development Corp. Apr 14, 2025, 09:00 ET
KELOWNA, BC, April 14, 2025 /CNW/ - 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.
Dr. Charles Fipke reports
Germanium in Sphalerite Results
Cantex's directors are pleased to provide a summary of the germanium results received from the Company's Massive Sulphide project in the Yukon, Canada. Since its discovery, the Massive Sulphide project contains silver, lead and zinc values amongst the highest found in North America. More recently the presence of the key critical element germanium in elevated levels has been detected.
As first reported on February 9th of 2023, laser ablation inductively coupled mass spectroscopy (LA-ICPMS) studies of zinc sulphide grains (sphalerite) from the project identified significant enrichment of the Critical Element germanium. Additional LA-ICPMS analyses of sphalerite (reported on April 13, 2023, July 10, 2023 and February 9, 2024) confirmed the high germanium contents over 2.35 kilometres (1.5 miles) of drill tested strike length at the Main Zone and also at the adjacent GZ Zone.
At the Main Zone 595 sphalerite analyses from 97 intercepts were tested and these intercepts averaged 654 grams per ton of germanium.
In addition, 77 analyses of sphalerite from 14 intercepts at the nearby GZ zone averaged 521 grams per ton of germanium.
Germanium in Bulk Core
As first announced on March 14, 2024 Cantex identified a suitable technique for bulk analysis of germanium in core. As expected, there is a strong correlation between germanium content and zinc grade, as it is the sphalerite (zinc sulphide) grains that contain germanium. Core with higher zinc content typically has higher germanium content. The presence of galena, or other non-ore minerals in the core dilutes the sphalerite, and thus decreases the germanium content. However, in a sphalerite concentrate, the germanium grade will approach that found in the LA-ICPMS analyses: 654 g/ton in the Main Zone and 521 g/ton in the GZ Zone.
This bulk analytical method does have the advantage of being quicker, less costly, and provides a better average of thousands of sphalerite grains in a single analysis. For the 2024 drill program Cantex completed bulk germanium analyses on all mineralized intercepts (see releases of October 1, 2024 and February 12, 2025). This work has confirmed the presence of high grade silver-lead-zinc-germanium values over a drill confirmed strike length of 2.65 kilometres (1.65 miles).
Germanium Market
In recent times germanium has entered the global spotlight. This is due to the combination of its importance in the manufacture of several modern technologies, some of which have military applications, and the lack of a significant western germanium source. 76% of the world's germanium resources are located in Russia and China. 82% of refined germanium production is in China.
As a result of trade tensions, China announced export controls on germanium to the United States in August of 2023, and then a total ban on exports in December of 2024. It is unknown what additional measures China will put into place as a result of the significant increase in tensions with the US.
This leaves the West in need of alternative sources to reliably supply this critical metal, which is used in computer chips, solar panels, fiber optics and military applications such as night vision optics, etc. This is expected to become even more challenging when Teck's Red Dog Mine in Alaska, currently the most significant western source of Germanium, reaches its expected end of life in six years. The Red Dog Mine averages between 104 and 249 grams per tonne germanium.
Germanium is presently trading for US$2.11 per gram (April 12, 2025; Trading Economics; https://tradingeconomics.com/commodity/germanium).
Summary
Cantex is pleased to continue to see elevated germanium contents within the silver-lead-zinc mineralization at the high-grade Massive Sulphide Project.
The germanium not only adds value to the mineralization, but importantly would provide a western source desperately needed. The strategic importance of a western source of germanium has never been greater.
Sample Preparation
The drill holes reported in this press release were drilled using HQ (63.5mm) diamond drill bits. The core was logged, marked up for sampling and then divided into equal halves using a diamond saw on site. One half of the core was left in the original core box. The other half was sampled and placed into sealed bags which were in turn placed into larger bags closed with security seals prior to being transported to the ISO 9001:2015 accredited CF Mineral Research Ltd. laboratory in Kelowna, BC.
At CF Minerals the drill core was dried prior to crushing to -10 mesh. The samples, which averaged over 3kg, were then mixed prior to splitting off 800g. The 800g splits were pulverized to -200 mesh. A 250g portion of this pulverized material was submitted for multi-element analysis at ALS Chemex in North Vancouver. Quality control procedures included running a barren sand sample through both the crusher and pulveriser between each sample to ensure no inter-sample contamination occurred. Silica blanks were inserted along with certified reference samples. These quality control samples were each inserted approximately every 20 samples.
ALS Chemex in North Vancouver assayed the samples using a four-acid digestion with an ICP-MS finish. The 48 element ME-MS61 technique was used to provide a geochemical signature of the mineralization. Where lead or zinc values exceeded one percent the Pb-OG62 or Zn-OG62 techniques were used. These have upper limits of 20% lead and 30% zinc respectively. Samples with lead and zinc values over these limits were then analyzed by titration methods Pb-VOL70 and Zn-VOL50. Where silver samples exceeded 100 g/t the Ag-OG62 technique was used which has an upper limit of 1,500 g/t. The over limit analyses contributed to delays in receiving final assay results.
For germanium analyses completed on individual sphalerite grains a piece of split core approximately 15cm in length containing sphalerite was selected and submitted to CF Mineral Research Ltd. From the selected location a piece of a thin slice of core was mounted in epoxy, polished, carbon coated and mapped using a scanning electron microscope to select sphalerites for analysis. The samples were then sent to the University of British Columbia Okanagan for germanium analysis using laser ablation inductively coupled plasma mass spectroscopy (LA-ICPMS). A 100 micron spot size was used and NIST610 and 612 reference materials were used as standards.
For the germanium results completed on bulk core, a portion of the remaining pulverized material from the base metal analysis was analyzed by ALS Chemex in North Vancouver, Canada. The pulverized samples were analyzed using a sodium peroxide fusion followed by an ICP Mass Spectrometer finish on a 0.2g pulverised sample.
The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geol., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release.
Signed,
Charles Fipke
Dr. Charles Fipke, CM
Chairman
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. Information set forth in this news release includes forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks identified in the management discussion and analysis section of the Company's interim and most recent annual financial statements or other reports and filings with Canadian securities regulators. Forward looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
SOURCE Cantex Mine Development Corp.
For further information: Cantex Mine Development Corp, Tel: +1-250-860-8582; Email: info@cantex.ca
Forge Resources Announces Proposed 4000-Metre Diamond Drill Program at Alotta Project, Yukon
https://www.newsfilecorp.com/release/248705/Forge-Resources-Announces-Proposed-4000Metre-Diamond-Drill-Program-at-Alotta-Project-Yukon
April 16, 2025 3:01 AM EDT | Source: Forge Resources Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company) is pleased to announce a proposed diamond drill program comprised of up to 4,000 metres across approximately 12 drill holes with ranging from 300 to 350 metres. This initiative aims to test step-outs on previously identified mineralization in the Payoff Zone and explore untested coincident geophysical and geochemical anomalies across targeted areas (Figure 1).
Figure 1. Drilling Program Proposal
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Forge Resources CEO, PJ Murphy, states: "Our team is excited by the promising results from our previous seasons exploration programs. With more comprehensive and refined data in hand, we are now able to focus on several higher-priority targets that show significant potential for advancing the Alotta Property. This marks an exciting chapter in our journey to uncover its full value."
Strategic Location of Alotta Property
The Alotta Property is located approximately 40 kilometers south of Western Copper's Casino Deposit-one of the largest undeveloped gold-copper porphyry deposits globally. Geochemical and geophysical surveys at Alotta have outlined several prospective targets larger than the current Casino resource area. Similar to the Casino project, the Alotta hosts multi-phased intrusions of the Dawson Range dating back to the Late Cretaceous period.
Results of Previous Exploration and Mineralization
To date, Forge Resources has completed six widely spaced diamond drill holes, totaling 2,659 metres. All holes encountered significant gold, copper, and molybdenum mineralization typically associated with quartz-sericite-pyrite alteration within semi-crowded to crowded quartz-plagioclase porphyry. Mineralization includes disseminated and fracture-controlled pyrite, pyrrhotite, along with minor chalcopyrite and molybdenite linked to quartz veins and micro-veins.
Compilation of prior drilling data indicates potentially economic mineralization correlated with coincident induced polarization, chargeability highs, moderate-to-high resistivities, and magnetic lows.
Proposed Exploration Program for Spring/Summer 2025
The Forge technical team, in collaboration with Archer Cathro and Associates, has designed a spring/summer exploration program of up to 4000 metres of diamond drilling, across approximately 12 proposed holes ranging from 300 to 350 metres. The majority of these will focus on step-outs within the Payoff Zone and untested coincident geophysical and geochemical anomalies over a 4 km by 1 km area.
This exploration effort is propelled by record-high gold prices, creating a surge of activity in gold exploration projects globally.
Qualified Person
Lorne Warner, P.Geo, and President of Forge Resources Corp. is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.
About Forge Resources Corp.
Forge Resources Corp. is a Canadian-listed junior exploration company. The Company holds a 60% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. La Estrella contains eight known seams of metallurgical and thermal coal. The Company also holds an option on the Alotta project, a prospective porphyry copper-gold-molybdenum project located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.
On behalf of the Board of Directors
"PJ Murphy", CEO Forge Resources Corp.
info@forgeresources.com
Forward-Looking Statements
Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Aion Acquisition. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. In particular, there can be no assurance that the Proposed Transaction will be completed as described or at all. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.
SOURCE: Forge Resources Corp.
Honey Badger's Work Outlines New High-Grade and "Rogue-Like" Targets at the Plata Project
https://www.accessnewswire.com/newsroom/en/metals-and-mining/honey-badgers-work-outlines-new-high-grade-and-rogue-like-targets-at-the-plata-pr-1015309
Wednesday, 16 April 2025 07:00 AM
WHITE ROCK, BC / ACCESS Newswire / April 16, 2025 / Honey Badger Silver Inc. (TSXV:TUF)(OTCQB:HBEIF
WESTERN COPPER AND GOLD PROVIDES INFRASTRUCTURE UPDATE
https://www.newswire.ca/news-releases/western-copper-and-gold-provides-infrastructure-update-881900840.html
News provided by Western Copper and Gold Corporation Apr 10, 2025, 07:30 ET
VANCOUVER, BC, April 10, 2025 /CNW/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to provide an update on several infrastructure initiatives supporting the development of its Casino Copper-Gold Project ("Casino Project").
Sandeep Singh, President and Chief Executive Officer, stated: "Infrastructure is obviously a key piece of the puzzle to bring the Casino Project into production. Reciprocally, the Casino Project is an important lynchpin to improve the infrastructure of the Yukon and the neighboring north. The required initiatives will take time to unfold, but we are pleased with the overall direction of travel with respect to infrastructure and with the Yukon government's commitment to sustainable mining.
Further, these past several weeks have clearly been disruptive and volatile from an overall economic standpoint. But that volatility has also underscored two specific positive aspects of the Casino Project. First, we have often said that the copper-gold commodity mix makes our project highly resilient. That resilience has shown itself to be incredibly valuable in the last year as the gold price has risen nearly US$750 per ounce. Second, we believe that the groundswell of support politically for mining, and a growing understanding of its role in a more self-reliant Canadian economy, also bodes well for the Casino Project."
B.C.-Yukon Grid Connect Project
On September 17, 2024, Natural Resources Canada ("NRCan") conditionally approved $40 million in funding to advance pre-feasibility work for a high-voltage transmission energy corridor connecting the isolated Yukon electrical grid to the North American grid in British Columbia. Western is pleased to report that the conditions for this funding have been met by the Yukon Development Corporation ("YDC"), an entity of the Government of Yukon, which included a 25% YDC funding commitment over and above the $40 million from NRCan. Subsequently, a contribution agreement with NRCan was officially signed in Ottawa on February 14, 2025, where project planning activities have since commenced. With its significant industrial load, the Casino Project is central to the concept behind the grid connection – its advancement signals confidence in the Casino Project's potential and its role in shaping the Yukon's future infrastructure. While Western continues to advance LNG as the Casino Project's base case power solution, the Company looks forward to working alongside YDC and First Nations to help make the grid connection a success.
Yukon Resource Gateway Project
On March 22, 2025, the Government of Yukon announced the inclusion of the Dempster Highway in the Yukon Resource Gateway Project ("Gateway Project"), expanding the scope of the initiative to include Arctic security and regional connectivity. Whilst positive for the Yukon, a portion of funding previously allocated to the Casino Copper-Gold Access Road has been redirected to support this near-term priority. Western remains in close collaboration with the Yukon government, and discussions on future funding are expected to advance as the project moves through the environmental assessment process, which includes the road.
Port of Skagway Transportation Study
Western has completed an updated transportation study evaluating options for shipping concentrate from the Casino Project to the Port of Skagway ("Skagway"). The study, conducted in collaboration with the Municipality of Skagway and the Government of Yukon, assessed both bulk and containerized transportation methods, assessed infrastructure requirements at Skagway, and provided feasibility-level capital and operating cost estimates across multiple scenarios. Several promising transportation alternatives were identified, with costs broadly in-line with, or lower than, the Company's 2022 feasibility study estimates.
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world. For more information, visit www.westerncopperandgold.com.
The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.
On behalf of the board,
"Sandeep Singh"
Sandeep Singh
President and CEO
Western Copper and Gold Corporation
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the timing, funding, and progress of infrastructure initiatives, including the B.C.-Yukon Grid Connect Project, the Yukon Resource Gateway Project, and transportation options to the Port of Skagway. These statements are based on current information and interpretations, which may evolve as discussions with governments continue and additional technical and environmental work is undertaken.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the timely advancement of infrastructure initiatives, the continued support and collaboration of the Yukon government and other stakeholders, the availability of funding for such initiatives, and such other assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will 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 does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.
SOURCE Western Copper and Gold Corporation
For more information, please contact: Cameron Magee, Director, Investor Relations & Corporate Development, Western Copper and Gold Corporation, 437-219-5576 or cmagee@westerncopperandgold.com
Prospector Receives Permit Approval for ML Project Drill Program
https://www.newsfilecorp.com/release/247863/Prospector-Receives-Permit-Approval-for-ML-Project-Drill-Program
April 09, 2025 7:00 AM EDT | Source: Prospector Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2025) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") is pleased to report it has received approval from the Yukon Government of their Class 1 Notification for the 2025 ML Project work plan. The ML Project is located approximately 80 km from Dawson City, Yukon Territory.
New interpretations of the controls on mineralization have been developed based on the 2024 field campaign including field mapping and prospecting, LiDAR, and World View - 3 satellite imagery.
Key Point Summary:
Prospector received confirmation of their Class 1 notification from the Yukon Government which includes the approval of up to 5,000 meters of diamond drilling.
The work program is expected to commence in June 2025 and will focus on 5 target areas: Bueno, Skarn Ridge, Rubble-Cirque, North Vein, and Java.
The program will include maiden drill testing on the Bueno, Rubble-Cirque, and Java targets and follow-up drilling on targets with significant historical drill intercepts including 89.3m of 1.38 g/t Au & 0.61% Cu (SK07-01) and 75.9m of 2.86 g/t Au & 0.69% Cu (SK08-019) on the Skarn Ridge target and 18.43m of 7.67 g/t Au (NV05-02) on the North Vein target.(1)
Other work during the 2025 program will include additional prospecting, geologic mapping, and relogging historic drill core.
Figure 1. Target areas for 2025 drill campaign.
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2025 ML Field Program
The 2025 field program on the ML project will include up to 5,000m of diamond drilling focused on 5 target areas (Bueno, Skarn Ridge, Rubble-Cirque, North Vein, and Java) and is anticipated to commence in June 2025. Additional work will include prospecting, geologic mapping, and relogging historic drill core located on the property.
Bueno and Skarn Ridge
The Skarn Ridge target is in the central portion of the ML property and was the focus historical drill efforts in 2007 and 2008 that returned significant results including:
- SK07-01: 89.3m of 1.38 g/t Au & 0.61% Cu
- SK08-019:75.9m of 2.86 g/t Au & 0.69% Cu
The historical drilling targeted what was interpreted as strata bound 'skarn' mineralization hosted within a shallowly south dipping horizon of strongly calc-silicate altered limestone and associated with a series of intrusive dikes/sills. However, work by Prospector in 2024 indicates the gold (+/- copper) mineralization is related to NNE trending, steeply dipping, structural zones that cut the earlier calc-silicate alteration, indicating that most of the historic drilling in the area was subparallel to potentially mineralized structures and have not been adequately drill tested.
The Bueno target is approximately 750m south and on strike of interpreted structures associated with mineralization on Skarn Ridge. The target has not previously been drill tested despite historical trench results including 6m of 14.51 g/t Au (Trench 1) and rock grab samples up to 391 g/t Au.(1) Evaluation of the target by the Company in 2024 confirmed the mineralization on the target is associated steeply dipping NNE trending structures and associated feldspar porphyry dikes and included results up to 34.64 g/t Au.(2)
Initial drill testing on the targets in 2025 will focus on cutting interpreted mineralized structural zones on both the Skarn Ridge and Bueno targets.
Figure 2. Cross-section of Skarn Ridge and Bueno drill areas.
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Rubble - Cirque Area
The Rubble - Cirque trend is located approximately 1.2km NNE of Skarn Ridge and consists of E-W and NNE trending zones of sheeted quartz-tourmaline-sulfide veins and fractures hosted within megacrystic quartz monzonite, feldspar porphyry, and adjacent calc-silicate altered/hornfelsed sediments over a 2km trend. The target has not been previously drilled and initial drilling in 2025 will focus on western part of the trend targeting interpreted E-W and NNE structural intersections with rock sample results up to 32.91 g/t Au & 2.99% Cu.(1)
Figure 3. Conceptual drill holes for the Rubble area, within the Rubble-Cirque corridor.
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North Vein
The North Vein is located approximately 2.4km NE of Skarn Ridge and was the focus of historical drilling in 2005 & 2006. Twenty-three drill holes tested the target and was focused on evaluating a E-W trending, north dipping, zone of replacement-skarn style mineralization within a strongly calc-silicate altered quartz grit-conglomerate unit. Highlights from the historic drilling include:
- NV05-02: 18.43m of 7.67 g/t Au
- NV05-12: 12.42m of 7.58 g/t Au
The drilling was successful at defining the replacement horizon over 600m strike length, however, the most significant mineralization was confined to the eastern portion of the trend. Re-evaluation of the zone by Prospector in 2024 indicates the high-grade mineralization may be associated with a NE trending structure(s) that cut the calc-silicate altered unit and shows potential for expansion of the previously identified mineralization along strike of the structures(s) to the NE-SW and down-plunge on the calc-silicate altered sediments. Drilling in 2025 is designed to cut both the interpreted structures and calc-silicate units to evaluate the potential to expand mineralization on the target.
Figure 4. Conceptual planned drill holes in black and historic drilling in grey at the North Vein target area.
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Java
Java is located approximately 4.9km NE of Skarn Ridge and consists of multiple horizons of calc-silicate altered interbedded coarse sandstone and quartz pebble conglomerate. Mineralization is characterized by disseminated to massive arsenopyrite and lesser chalcopyrite and pyrrhotite associated with late silicification and open space quartz+/-tourmaline veins and fractures and NNE - EW trending porphyritic dikes. The mineralization is focused along an up to 50m wide, E-W trending, steeply south dipping structural corridor traced for over 150m along strike and has never previously been drilled. Initial drilling in 2025 will evaluate the down dip potential of the mineralized zone.
Figure 5. Conceptual planned drill hole at Java.
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ML Project Overview
Historical exploration of the ML Project has outlined numerous areas of interest that are loosely defined by a combination of geographic location, host lithology, mineralization type, geochemical signature and/or geophysical response (Figure 1), including intrusion hosted gold (+copper) style, replacement-skarn style, and high-grade vein targets. In addition, there are multiple relatively unexplored mineral occurrences, many of which are high grade gold targets. A total of 117 diamond drill holes have been drilled property wide, testing six property targets. From 2005 to 2008, Dynamite Resources drilled 114 of these holes, with 23 holes at the North Vein Zone (a gold enriched skarn-replacement target) and 71 holes at Skarn Ridge (a gold - copper skarn-replacement target).
The Property hosts numerous other targets of interest which have a variety of intriguing characteristics, such as high-grade rock-soil samples, highly anomalous trench samples, unique geophysical signatures, and large areas of alteration. Additionally, there remain large parts of the property that have received little or no exploration and evaluation. Several of the lesser-known mineralized areas are very attractive targets as they have undergone only cursory assessment by previous operators.
The property has an impressive technical data base which includes property wide airborne geophysics, satellite imagery, extensive soil and rock sampling, prospecting, selective ground geophysics, and diamond drilling (+16,700m over 117 holes). Most of this exploration took place from 2004 to 2008, a period when most drilling was focussed on two specific skarn/replacement type targets: Skarn Ridge (71 drillholes) and North Vein (23 drillholes).
(1) NI 43-101 Technical Report on the ML Property, Yukon, Canada by Jodie Gibson, P.Geo. and Jean Paulter, P.Geo. dated Feb. 2, 2024. Filed by Prospector Metals Corp. Available on SEDAR+.
(2) Prospector Metals Corp. News Release dated Aug. 15, 2024. Available on SEDAR+.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Jodie Gibson, P.Geo. VP Exploration of Prospector, and a Qualified Person as defined under National Instrument NI 43-101 ("NI 43-101").
About Prospector Metals Corp.
Prospector Metals Corp. is a proud member of the Discovery Group. The Company is focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. The majority of acquisition activity occurs in Yukon and Ontario, Canada - Tier-1 mining jurisdictions with an abundance of overlooked geological regions possessing high mineral potential. Prospector establishes and maintains relationships with local and Indigenous rightsholders and seeks to develop partnerships and agreements that are mutually beneficial to all stakeholders.
On behalf of the Board of Directors,
Prospector Metals Corp.
Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO
For further information about Prospector Metals Corp. or this news release, please visit our website at prospectormetalscorp.com or contact Prospector at 1-778-819-5520 or by email at info@prospectormetalscorp.com.
Prospector Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca.
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, and other project opportunities. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances necessary to carry out the Company's exploration plans and risks of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
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.
SOURCE: Prospector Metals Corp.
Banyan Gold Commences Fully Funded 30,000+ Metre Diamond Drill Program at AurMac Project, Yukon
https://www.accessnewswire.com/newsroom/en/metals-and-mining/banyan-gold-commences-fully-funded-30000-metre-diamond-drill-program-at-aurmac-pr-1006067
Thursday, 27 March 2025 06:00 AM
VANCOUVER, BC / ACCESS Newswire / March 27, 2025 / Banyan Gold Corp .?(the "Company" or?"Banyan") (TSXV:BYN)(OTCQB:BYAGF)
Fireweed Metals Identifies Targets using Muon Tomography
https://finance.yahoo.com/news/fireweed-metals-identifies-targets-using-204900501.html
Fireweed Metals Corp.
Wed, March 26, 2025 at 1:49 PM PDT 8 min read
FWEDF
-0.38%
VANCOUVER, British Columbia, March 26, 2025 (GLOBE NEWSWIRE) -- FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQX: FWEDF) is pleased to announce the identification of three targets for further exploration at the Boundary Zone deposit, Macpass, Yukon, utilizing a cutting-edge multiphysics muon tomography survey with its partner Ideon Technologies.
Highlights
Three targets identified at Boundary Zone with anomalous modeled density.
Co-incident gravity anomalies strengthen the target areas.
Fireweed anticipates drill-testing these targets in 2025.
CEO Statement
Ian Gibbs, CEO, stated, “Technological innovation in mineral exploration will be the key to discovering the next generation of mineral deposits. We are proud pioneers of integrating progressive methods such as this downhole muon tomography technique in mineral exploration, leveraging this industry-leading technology developed by our partners at Ideon. The early results from the survey have provided some compelling targets that we are excited to test during the upcoming field season at Macpass.”
Muon Tomography Survey
Commissioned in September of 2024, the muon tomography survey located at the Boundary Zone deposit within the Macpass project, Yukon, Canada, is the farthest north deployment of downhole muon detectors in the world and one of the first applications of muon tomography in the greenfield exploration environment. Three drillholes were completed in PQ diameter (85 mm internal diameter) between 450 to 600 m in depth facilitating Ideon’s deployment of seven muon detectors within each drill string. Detectors are spread apart within each hole for a total of 21 detectors across the three setups.
Muon tomography functions by detecting the number and arrival direction of sub-atomic particles called ‘muons’ that are generated at a constant rate by the interaction of cosmic rays and the Earth’s atmosphere. These particles penetrate through solid materials such as rock; however, they lose energy and are eventually absorbed by these materials. Muons lose energy more quickly when travelling through denser material, and the count of muons received at a detector can be equated to the distance and the average density of the material between the detector and the muon source. By utilizing multiple detectors with different views of the subsurface, the density of a volume of rock can be estimated through triangulation of the intensity of muons recorded at different detector locations. The muon data can be inverted into a block model that provides a 3D estimate of subsurface density that has high resolution and tight spatial constraints of the anomaly shapes and sizes.
Fireweed are using muon tomography in an effort to detect dense bodies of rock, such as zinc deposits, that would cause “shadows” to appear in the muon data, where fewer muons are reaching detectors that are imaging the dense deposits. The very high density of high-grade massive sulphide bodies observed at Macpass makes these kinds of targets particularly well suited to detection using muon tomography.
Dr. Jack Milton, VP Geology, stated, “Muon tomography is a well-established subject in science, supported by decades of research but it is now an emerging, field-proven technology for use in the exploration environment. We are thrilled to be using muon tomography for zinc exploration as it is the only geophysical method besides gravity surveys that could directly detect these kinds of deposits at Macpass. We see the potential for muon tomography to provide greater resolution and greater accuracy in estimating the source of density anomalies compared to more traditional gravity surveys. Muon tomography can also reliably detect and resolve more subtle density contrasts at greater depths than gravity surveys, which opens up our search space for zinc exploration within one of the most prolific zinc-basins on Earth. Furthermore, this new technique allows us to operate more cost-effectively and decreases our exploration footprint.”
This survey was part of a collaboration involving Fireweed and Ideon under the Subsurface Intelligence to Unlock Critical Minerals Supply (UCM) project from DIGITAL, Canada’s Global Innovation Cluster. Fireweed is eligible for up to $1.5 million in cash funding from DIGITAL to support this project.
Results
After four months of passive imaging at Boundary Zone, the results of the muon survey have successfully independently detected and modelled volumes of high densities at Boundary Zone that closely resemble the orientations and spatial constraints of the deposit defined through drilling and reported in the September 2024 Mineral Resource Estimate.
Fireweed and Ideon have also identified three targets of interest outside of the mineral resource exhibiting anomalous estimated density: Boundary East, Boundary South, and Boundary North (Figure 1). These results are preliminary as additional survey data will be collected as the survey progresses over the next few months.
To assist in targeting, the ground gravity data and the muon data were combined into a single 3D inversion (Figure 2). Areas of anomalous density in both surveys corroborate very well and generated an improved model over the inversion from either dataset alone.
Picture1
Figure 1: Three new exploration targets identified by the inversion of preliminary muon data: Boundary East, Boundary North, and Boundary South. The estimated density in grams per cubic centimetre (g/cm3) is shown relative to drill holes traces and a vertical projection of the outline of the Boundary Zone open-pit constrained Mineral Resources1.
Picture2
Figure 2: Preliminary inversion of combined muon and gravity survey data with estimated density in grams per cubic centimetre (g/cm3) for values above 2.92 g/cm3 shown relative to drill holes traces and a vertical projection of the outline of the Boundary Zone open-pit constrained Mineral Resources1.
Boundary East:
Corroborated by a co-incident gravity high anomaly, the exploration target on the East side of Boundary Zone is a near-surface feature that is a high-priority target for testing that occurs above historical drill testing.
Boundary South:
Entirely untested by drilling, Boundary South is a new, near-surface density anomaly comprising two distinct signatures with a strike of approximately 400 m.
Boundary North:
Also untested by drilling, Boundary North is a deep density anomaly with a strike of approximately 280 m and could be tested by drillholes of approximately 500 m depth.
Next Steps
Fireweed and Ideon expect to continue imaging at Boundary Zone to further increase the resolution on these targets. Fireweed and Ideon are also planning to reposition the detectors within each drill string to gain additional data and triangulation points for the remaining portion of the survey before the 2025 drilling campaign begins. Constrained inversions are underway – a process that uses the estimated densities from the blocks in the Mineral Resource Estimate to constrain well-known parts of the deposit and improves the resolution of other areas within the model. Following mobilization of the summer drill program, Fireweed plans to test high-priority targets identified by the muon tomography survey.
Webinar
Fireweed Metals’ Vice President, Geology, Dr. Jack Milon and Ideon’s Co-founder and Chief Technical Officer, Dr. Doug Schouten will be hosting a webinar on March 27th at 11:00 AM Pacific Time (PT) to discuss the preliminary results of the muon survey and implications for mineral exploration. Webinar registration can be completed at:
https://us06web.zoom.us/webinar/register/WN__84vc7puRSKyDo4O9NhMpA#/registration
Qualified Person Statement
All technical information in this news release has been reviewed and approved by Fireweed Metals’ VP Geology, Dr. Jack Milton, P.Geo. (BC), a ‘Qualified Person’ as defined under NI 43-101. Dr. Milton is not independent of the Company within the meaning of NI 43-101, as he is VP, Geology of the Company.
About Fireweed Metals Corp.
Fireweed is an exploration company focused on unlocking value in a new critical metals district located in Northern Canada. Fireweed is 100% owner of the Macpass District, a large and highly prospective 985 km2 land package. The Macpass District includes the Macpass zinc-lead-silver project and the Mactung tungsten project. A Lundin Group company, Fireweed is strongly positioned to create meaningful value.
Fireweed trades on the TSX Venture Exchange under the trading symbol “FWZ”, on the OTCQX Best Market under the symbol “FWEDF”, and on the Frankfurt Stock Exchange under the trading symbol “M0G”.
Additional information about Fireweed and its projects can be found on the Company’s website at FireweedMetals.com and at www.sedarplus.com
About Ideon Technologies, Inc. (www.ideon.ai)
Ideon Technologies uses the energy from supernova explosions to image deep beneath the Earth's surface. A spin-off from TRIUMF (Canada’s particle physics lab), Ideon is a world pioneer in cosmic-ray muon tomography. By transforming muon data into reliable 3D density maps, Ideon helps geologists identify, map, characterize, and monitor geological features with confidence. This reduces risk and cost of traditional methods, while saving time, optimizing return, and minimizing environmental impact across the mining value chain. In turn, this is helping accelerate the world's transition to low-impact mining and transform how companies find the critical minerals required to power the global shift to clean energy – improving peoples’ lives and enhancing economic prosperity.
ON BEHALF OF FIREWEED METALS CORP.
“Ian Gibbs”
CEO
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 Statements
Forward Looking Statements
This news release contains “forward-looking” statements and information (“forward-looking statements”). All statements, other than statements of historical facts, included herein, including, without limitation, statements relating to interpretation of drill results, targets for exploration, potential extensions of mineralized zones, geophysical anomalies, future work plans, the use of funds, and the potential of the Company’s projects, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Forward-looking statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management and reflect the beliefs, opinions, and projections on the date the statements are made. Forward-looking statements involve various risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include but are not limited to, exploration and development risks, unanticipated reclamation expenses, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, uncertainties involved in the interpretation of drilling results and laboratory tests, and one-time events. The Company assumes no obligation to update forward-looking statements or beliefs, opinions, projections or other factors, except as required by law.
Footnotes and References
1 For Tom, Jason, End Zone, and Boundary Zone Mineral Resources, see the technical report filed on https://www.sedarplus.ca/ October 18,2024, entitled “Technical Report for NI 43-101, Macpass Project, Yukon, Canada”. The effective date of the Mineral Resource is September 4, 2024. SLR Managing Principal Resource Geologist, Pierre Landry, P.Geo. (BC) is a ‘Qualified Person’ as defined under NI 43-101. Mr. Landry is considered to be “independent” of the Company for purposes of NI 43-101. Mr. Landry, of SLR, is responsible for the Macpass Mineral Resource Estimate.
Contact: Alex Campbell
Phone: +1 (604) 689-7842
Email: info@fireweedmetals.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c8183e61-80f9-4c55-8357-3b7c98c6449e
https://www.globenewswire.com/NewsRoom/AttachmentNg/24e87c72-4b25-47db-aff4-5022f8ceae41
Go Metals Sets Drill Targets at Monster Copper Project
https://www.newsfilecorp.com/release/246092/Go-Metals-Sets-Drill-Targets-at-Monster-Copper-Project
March 26, 2025 9:07 AM EDT | Source: Go Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2025) - Go Metals Corp. (CSE: GOCO) ("Go Metals" and/or the "Company") is pleased to report exploration plans for its 100% owned Monster IOCG high-grade copper project in the Dawson Region of the Yukon and traditional territory of the Tr'ondëk Hwëch'in First Nation.
Highlights
29 square kilometres Wernecke breccia IOCG occurrence.
2,500 metre diamond drill program.
Three priority targets identified for diamond drilling: Beast, Bloom, and Arena (Figures 1 and 2).
High copper values (up to 22% in rock samples and 1150ppm in soils) and high cobalt values (up to 9.6% in rock samples and, 150ppm in soils).
Only one historical diamond drill hole and five RC drill holes completed.
Project is now fully permitted under Class 3 exploration licence, valid until 2032.
Scott Sheldon, CEO of Go Metals, states, "The Monster Project represents a significant copper target with substantial potential in a rugged Yukon terrain. The new geologic and exploration model integrates prominent copper and cobalt surface trends with strong underlying geophysical gravity anomalies to guide drill targeting."
Monster
The Monster Project hosts high-grade copper-cobalt mineralization and alteration characteristic of classic IOCG systems, including specular hematite-rich breccia and extensive, well-developed alteration halos. The Company has collected 54 high-grade samples containing more than 1% copper equivalent (Cu%+Co%*2.35) from 21 showings and four primary targets have been identified to date. The project lies west and outside of the Peel watershed. The Monster property totals 62 square kilometres and encapsulates the largest known portion of the Wernecke breccia, extending over 17-kilometers along the trend. The property is located approximately 85 km north of Dawson City and is accessible by helicopter.
Drill Program Planning
The Company has submitted the pre-season report for the upcoming field season to the Dawson Mining Recorder for the Monster Project. The submission is part of the requirement outlined in LQ00551 - Monster - Coal Creek Quartz Mining Class 3 Land Use Approval.
The Company has identified three priority areas for immediate follow-up: Arena, Beast and Bloom. These targets were selected based on a comprehensive review of historical and date acquired by Go Metals, including gravity surveys, magnetics, induced polarization (IP), and geochemistry.
Of particular interest are the Arena and Bloom targets, where mineralization extends over 125 metres and 150 metres, respectively. Offset magnetic and gravity (density) anomalies extend from depth towards the surface showings (See Figures 1 and 2), a classic signature of IOCG deposits observed in Australia. The upcoming diamond drill program will follow up on these anomalies to determine whether the high-grade copper cobalt mineralization extends at depth beneath the showings.
Figure 1- Bloom (Left) and Arena (Right) targets with grab samples and RTP magnetic data. Copper equivalents were calculated assuming 100% recovery using the formula: Cu% + Co% x2.35.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5946/246092_figure1.png
The Company plans to operate from an outfitter camp located 8.5 kms from the project site, which includes an airstrip. The airstrip has been utilized in previous exploration programs.
The upcoming 2,500 metre drill program is budgeted at approximately $1,000,000 and will be funded through a future private placement.
Figure 2- Arena target gravity inversion showing anomalies extending to surface mineralization (represented by red/orange cubes).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5946/246092_f65dcef3d460eb49_003full.jpg
Qualified Persons
Harley Slade, P.Geo, is the qualified person ("QP") for the Company as defined in National Instrument 43-101 and has reviewed and approved the Monster Project technical information presented within this news release.
About Go Metals
Go Metals is a critical mineral exploration company focused on helping create a sustainable future. The company works predominantly in Canada exploring for metals like copper and nickel to be used in batteries and critical infrastructure projects.
For further information, please contact:
Scott Sheldon, President
604.725.1857
Scott@GoMetals.ca
Forward-Looking Information:
This press release may include "forward-looking information" (as that term is defined by Canadian securities legislation), concerning the Company's business. Forward-looking information is based on certain key expectations and assumptions made by the Company's management, including future exploration and development activities for the Monster Project, including the proposed drill program, exploration targets, potential mineralization, future production, reserve potential, and events or developments that the Company expects. Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly on such forward-looking information as the Company can give no assurance, they will prove to be correct. Forward-looking statements in this press release are made as of the date of this press release. These statements are subject to various risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect the outcome include, but are not limited to, changes in market conditions, availability of financing, and exploration results. The Company disclaims any intent or obligation to publicly update any forward-looking information (whether because of new information, future events or results, or otherwise) other than as required by applicable securities laws. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at SedarPlus.ca.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.
SOURCE: Go Metals Corp.
Sitka Intersects Multiple Occurrences of Visible Gold in the First Diamond Drill Hole of 2025 at Its RC Gold Project, Yukon
DDRCCC-25-075 ("Hole 75") was drilled to a length of 715.97 metres to test depth continuity of Blackjack gold mineralization and encountered over 130 instances of visible gold
Hole 75 confirms strong gold mineralization extends approximately 70 metres northeast from Hole 68
Hole 75 is the first hole to be completed as part of Sitka's fully funded 30,000 metre drill program planned for 2025, the largest drill program ever conducted at RC Gold
DDRCCC-25-076, currently in progress, is designed to test gold mineralization at deeper depths than any previous drilling
https://www.newsfilecorp.com/release/245011/Sitka-Intersects-Multiple-Occurrences-of-Visible-Gold-in-the-First-Diamond-Drill-Hole-of-2025-at-Its-RC-Gold-Project-Yukon
March 18, 2025 4:00 AM EDT | Source: Sitka Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) ("Sitka" or the "Company") is pleased to announce that it has completed the first diamond drill hole of its 30,000 metre drilling program planned for this year at its 100% owned, road accessible RC Gold Project ("RC Gold" or the "Project") in Yukon. DDRCCC-25-075 ("Hole 75") is the first drill hole to be completed as part of the winter phase of diamond drilling currently underway at RC Gold. Hole 75, one of the deepest holes ever drilled at the Blackjack zone, went to a length of 715.97 metres to test both the lateral and vertical extent of high-grade gold mineralization that was discovered in Hole 68 which was the best drill hole completed at Blackjack to date. Visible gold was observed over 130 times in Hole 75 and initial review of the drill core suggests strong gold mineralization extends at least 70 metres to the northeast from Hole 68.
Figure 1. Examples of instances of visible gold observed throughout hole DDRCCC-25-075. Visible gold is found in sheeted quartz veins and is often associated with bismuthinite, scheelite, and arsenopyrite. Assays for this drill hole are currently pending. Additional images of visible gold observed in Hole 75 can be viewed HERE.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/245011_0397ef7c24a078a4_002full.jpg
"The 2025 drilling campaign at RC Gold is off to a remarkable start with the first drill hole of the year returning a multitude of visual gold occurrences," said Cor Coe, Director and CEO of Sitka Gold Corp. "Hole 75 was located to follow-up on the strong results of Hole 68 which intersected 678.1 m of 1.04 g/t gold including 93.0 m grading 2.57 g/t gold starting at 589.5 metres, the deepest and longest intersection of gold mineralization to date at the Blackjack deposit which remains open in all directions. The increasing grades at depth in Hole 68 suggest that drilling is vectoring towards the source of this impressive gold system and initial observations of Hole 75 confirm that strong gold mineralization persists at least 70 metres northeast of the high-grade intervals returned in Hole 68. We eagerly await the results from Hole 75 which will aid in further understanding the dimensions of the Blackjack zone at depth where higher gold grades may support a potential underground mining operation below the limits of the recently announced pit constrained resource of 1,291,000 ounces of gold grading 1.01 g/t gold in an indicated category and 1,044,000 ounces of gold grading 0.94 g/t gold in an inferred category at Blackjack(1). DDRCCC-25-076, currently in progress, is now being drilled from the same pad at a steeper angle than Hole 75 and is designed to test the Blackjack zone to even deeper depths than previous drilling."
(1) Simpson R. January 21, 2025. Clear Creek Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District, Yukon Territory
Figure 2. A plan map of the Blackjack gold deposit showing the location of diamond drill holes DDRCCC-25-075 (yellow trace), DDRCCC-25-076 (green trace - in progress) and proposed holes WBJ25-B and WBJ25-C (blue traces) which are designed to further extend gold mineralization to the northeast.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/245011_0397ef7c24a078a4_003full.jpg
Figure 3. A cross section showing the trace of diamond drill hole DDRCCC-25-075 and the location of over 130 occurrences of visible gold (yellow stars) down the hole. Hole 75 intersected mineralized intrusive rock approximately 70 m to the northeast of Hole 68 which crosses this section orthogonally. While the presence of visible gold is a good indicator of robust gold mineralization it is not a requirement for strong gold mineralization to be present, as was the case in DDRCCC-23-047, one of the best drill holes completed to date at Blackjack. While visible gold was only observed once in Hole 47 it returned 219.0 m of 1.34 g/t gold including 124.8 m of 2.01 g/t gold and 55.0 m of 3.11 g/t gold (see news release dated September 26, 2023). The proposed trace for DDRCCCC-25-076, currently in progress, is also shown and is designed to test gold mineralization deeper than any previous drilling.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/245011_0397ef7c24a078a4_004full.jpg
DDRCCC-25-075
Drill hole DDRCCC-25-075 was drilled to a length of 715.97 m at an azimuth of 037o and a dip of -65o to test the horizontal continuity of mineralization intersected in hole DDRCCC-24-068 from the 2024 drill campaign. This drill hole intersected several broad zones of feldspar megacrystic, quartz monzonite cross cutting hornfels biotite schist of the Yuzesyu Formation. These intrusions, and locally the metasediments, are cut by abundant 1-2 cm sheeted quartz veins with cm scale quartz sericite alteration halos. A significant zone of strongly altered, variable textured quartz monzonite was intersected from ~350 m to 620 m. Over 130 instances of visible gold were observed in sheeted quartz veins, often associated with bismuthinite, scheelite, and arsenopyrite throughout the interval, consistent with observations of mineral associations in all previous drilling.
Figure 4. Strongly altered and variably textured quartz monzonite from 562.7 m to 571.7 m in Hole 75. Pink flagging tape marks veins where occurrences of visible gold were noted by Sitka's sharp-eyed field crew.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/245011_0397ef7c24a078a4_005full.jpg
Figure 5. A plan map of the Clear Creek Intrusive Complex (CCIC) showing the updated resource areas at Blackjack and Eiger, and the six additional areas that have drill targets indicated by the mauve hatched areas. The map highlights the numerous drill targets that Sitka has outlined within the CCIC which all are connected by the road network on the project and occur in a relatively small area measuring five (5) km north-south and twelve (12) km east-west. Additional areas highlighted by strong gold in soil anomalies are being advanced to the drill ready stage with additional geological work in 2025.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/245011_0397ef7c24a078a4_006full.jpg
About the flagship RC Gold Project
The RC Gold Project consists of a 431 square kilometre contiguous district-scale land package located in the heart of Yukon's Tombstone Gold Belt. The project is located approximately 100 kilometres east of Dawson City, which has a 5,000 foot paved runway, and is accessed via a secondary gravel road from the Klondike Highway which is usable year-round and is an approximate 2 hour drive from Dawson City. It is the largest consolidated land package strategically positioned mid-way between the Eagle Gold Mine and the past producing Brewery Creek Gold Mine.
The RC Gold Project now has pit-constrained mineral resources that are contained in two zones: the Blackjack and Eiger gold deposits with 1,291,000 ounces of gold grading 1.01 g/t gold in an indicated category and 1,044,000 ounces of gold grading 0.94 g/t in an inferred category at Blackjack and 440,000 ounces of gold grading 0.50 g/t gold in an inferred category at Eiger. These resource estimate numbers are supported by the recently updated technical report for RC Gold, prepared in accordance with NI 43-101 standards, entitled "Clear Creek Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District, Yukon Territory", prepared by Ronald G. Simpson, P. Geo., of GeoSim Services Inc. with an effective date of January 21, 2025. This report is available on SEDAR+ (http://www.sedarplus.ca) and on the Company's website (www.sitkagoldcorp.com).
Both of these deposits begin at surface, are potentially open pit minable and amenable to heap leaching, with initial bottle roll tests indicating that the gold is not refractory and has high gold recoveries of up to 94% with minimal NaCN consumption (see News Release July 13, 2022).
To date, 73 diamond drill holes have been drilled into this system by the Company for a total of approximately 25,851 metres. Other targets drilled to date include the Saddle, Josephine, Rhosgobel and Pukelman zones. The resource expansion drilling in 2023 at Blackjack produced results of up to 219.0 m of 1.34 g/t gold Including 124.8 m of 2.01 g/t gold and 55.0 m of 3.11 g/t gold in drill hole DDRCCC-23-047 (see news release dated September 26, 2023) and in 2024 results of up to 678.1 metres of 1.04 g/t gold starting from surface in DDRCCC-24-068, Including 409.5 metres of 1.36 g/t gold, 93.0 metres of 2.57 g/t gold and 5.5 metres of 17.59 g/t gold (see news release dated October 21, 2024).
A planned 30,000 metre diamond drilling program for 2025 is currently underway at RC Gold.
RC Gold Deposit Model
Exploration on the Property has mainly focused on identifying an intrusion-related gold system ("IRGS"). The property is within the Tombstone Gold Belt which is the prominent host to IRGS deposits within the Tintina Gold Province in Yukon and Alaska. Notable deposits from the belt include: Fort Knox Mine in Alaska with current Proven and Probable Reserves of 230 million tonnes at 0.3 g/t Au (2.471 million ounces; Sims 2018)(1); Eagle Gold Mine with current Measured and Indicated Resources of 233 million tonnes at a grade of 0.57 g/t Au at the Eagle Main Zone (4.303 million ounces; Harvey et al, 2022)(2); the Brewery Creek deposit with current Indicated Mineral Resource of 22.2 million tonnes at a gold grade of 1.11 g/t (0.789 million ounces; Hulse et al. 2020)(3); the Florin Gold deposit with a current Inferred Mineral Resource of 170.99 million tonnes grading 0.45 g/t (2.47 million ounces; Simpson 2021)(4); the AurMac Project with a in n Inferred Mineral Resource of 347.49 million tonnes grading 0.63 gram per tonne gold (7.00 million ounces)(5) and the Valley Deposit, with a current Indicated Mineral Resource of 4.05 million oz gold at 1.66 g/t and an additional Inferred Mineral Resource of 3.26 million oz at 1.25 g/t gold(6).
(1) Sims J. Fort Knox Mine Fairbanks North Star Borough, Alaska, USA National Instrument 43-101 Technical Report. June 11, 2018. https://s2.q4cdn.com/496390694/files/doc_downloads/2018/Fort-Knox-June-2018-Technical-Report.pdf
(2) Harvey N., Gray P., Winterton J., Jutras M., Levy M.,Technical Report for the Eagle Gold Mine, Yukon Territory, Canada. Victoria Gold Corp. December 31, 2022. https://vgcx.com/site/assets/files/6534/vgcx_-_2023_eagle_mine_technical_report_final.pdf
(3) Hulse D, Emanuel C, Cook C. NI 43-101 Technical Report on Mineral Resources. Gustavson Associates. May 31, 2020. https://minedocs.com/22/Brewery-Creek-PEA-01182022.pdf
(4) Simpson R. Florin Gold Project NI 43-101 Technical Report. Geosim Services Inc. April 21, 2021. https://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00005795&issuerType=03&projectNo=03236138&docI d=4984158
(5) Thornton T., Jutras M., Malhotra D. Technical Report Aurmac Property Mayo Mining District, Yukon Territory, Canada. JDS Energy and Mining Inc. February 6, 2024. https://banyangold.com/site/assets/files/5251/banyan_gold_ni_43-101_technical_report_2024_03_18.pdf
(6) Burrell H., Redmond D.J., Haggarty P., Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate, Yukon Territory, Canada. Snowline Gold Corp. May 15, 2024. https://snowlinegold.com
Upcoming Events
Sitka Gold will be attending and/or presenting at the following events*:
Swiss Mining Institute - Zurich, Switzerland: March 18 - 19, 2025
121 Mining Investment - London, England: May 12 - 13, 2025
Canaccord Global Metals and Mining Conference - Henderson, NV: May 20 - 22, 2025
Yukon Mining Alliance - Dawson City, Yukon: July 9 - 14, 2025
*All events are subject to change.
About Sitka Gold Corp.
Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada with over $14 million in its treasury and no debt. The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka is currently advancing its 100% owned, 431 square kilometre flagship RC Gold Project located within the Tombstone Gold Belt in the Yukon Territory. The Company is also advancing the Alpha Gold Project in Nevada and currently has drill permits for its Burro Creek Gold and Silver Project in Arizona and the Coppermine River Project in Nunavut.
*For more detailed information on the Company's properties please visit our website at www.sitkagoldcorp.com.
The scientific and technical content of this news release has been reviewed and approved by Gilles Dessureau, P.Geo., Vice President of Exploration of the Company, and a Qualified Person (QP) as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
"Donald Penner"
President and Director
For more information contact:
Donald Penner or Cor Coe
President & Director CEO & Director
778-212-1950 604-817-4753
dpenner@sitkagoldcorp.com ccoe@sitkagoldcorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions and the Company's anticipated work programs.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty and the results of the Company's anticipated work programs.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
SOURCE: Sitka Gold Corp.
Stakeholder Submits Class 1 Drilling Notification for Ballarat
https://www.newsfilecorp.com/release/244021/Stakeholder-Submits-Class-1-Drilling-Notification-for-Ballarat
March 11, 2025 9:00 AM EDT | Source: Stakeholder Gold Corp.
Toronto, Ontario--(Newsfile Corp. - March 11, 2025) - Stakeholder Gold Corp. (TSXV: SRC) (OTC Pink: SKHRF) ("Stakeholder" or the "Company") is pleased to announce that the Company has submitted a Class 1 Notification for 2025 exploration on the Ballarat Gold-Copper Project; including maiden drilling on the Skye Gold Zone and the Loki Copper Zone.
Ballarat Exploration Program 2025
The Company is planning to drill 2,500 meters over 8 - 10 drill holes targeting two previously identified and documented zones of mineralization, the Skye Gold Zone and the Loki Copper Zone. The Skye Gold Zone and the Loki Copper Zone are separated by approximately 8 - 10 km and the targets are situated either side of the proposed route for the Northern Gateway Road. The Company expects to drill approximately 2,000 meters on the Skye Gold Zone and 500 meters on the Loki Copper Zone. For both targets the purpose of the initial drilling is to confirm structural controls, mineralization, and grade. In addition to the drilling, 2025 exploration activities will include expanded soil grid surveys, geologic mapping and prospecting, and a LiDAR survey.
Figure 1: Ballarat Property target areas with gold in soils.
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Figure 2: Ballarat Property regional location.
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"Our objective is to be able to announce results confirming new discoveries for both the Skye Gold Zone and the Loki Copper Zone on the Ballarat Gold-Copper Project in the Heart of the White Gold District during the 2025 summer exploration season. We have worked progressively towards this objective over several exploration seasons. 2025 is expected to be a pivotal year for Stakeholder and for our understanding of the mineralogical potential of the gold and copper structures, respectively, that we have identified on either side of the proposed route for the Northern Gateway Road where it is expected to traverse almost 17 km of company claims," stated Christopher Berlet, CEO and Director of Stakeholder.
"If results of drilling confirm mineralization and grade as we expect them to, then our current understanding of structure and footprint will combine quickly for an estimation of size and potential. This may catalyze a robust follow up program for definition drilling on both the Skye gold and Loki copper targets respectively. "
QP Statement
Jodie Gibson, M.Sc., P.Geo. is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.
For further information please contact:
Stakeholder Gold Corporation
cberlet@stakeholdergold.com
416 525 - 6869
Forward-Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.
When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.
The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Stakeholder Gold Corp.
Gladiator Announces Drilling Underway at Cowley Park
https://www.newsfilecorp.com/release/243910/Gladiator-Announces-Drilling-Underway-at-Cowley-Park
March 10, 2025 7:00 AM EDT | Source: Gladiator Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2025) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("Gladiator" or the "Company") announces that its Phase 1 drilling program of 10,000m has commenced at its flagship Cowley Park project.
Phase 1 drilling will focus on:
Targeting the strike and down dip extensions to the high-grade copper mineralization identified in the 2024 drill program at Cowley Park;
Resource definition; and
Expanding the Cowley Park footprint.
Drilling at Cowley Park forms part of an approved Class 1 Permit that allows Gladiator to drill up to 50,000m over the coming 12 months at its Whitehorse Copper Project, with further drilling planned to test known mineralization within the Whitehorse Copper Belt project this summer.
Gladiator CEO Jason Bontempo commented: "Our Phase 1 programme of 10,000m has now commenced with two drill rigs to immediately focus on testing the strike and down dip extension of the recently identified high grade mineralization where late last year hole CPG 47 intersected 14m @ 7.67% Cu. The second rig will focus on three new, highly prospective geophysical targets that could significantly expand the known extents of the Cowley Park mineralized system.
"Both Phase 1 & 2 drill campaigns (combined 19,000m) at Cowley Park are fully funded with treasury exceeding $18M. We believe Cowley Park will deliver a material cornerstone high-grade copper resource within our 35km long Whitehorse Copper Belt project where we are targeting over 100mt of high-grade copper resources."
Resumption of Drilling
Drilling has commenced at Cowley Park initially targeting the strike and down dip extensions to the high grade exoskarn intersected in recent drilling (Figures 1 and 2) that returned significant high-grade mineralization over broad widths in CPG-045, CPG-047 and CPG-049. These holes support mineralization continuing for at least 220 metres from near surface down dip whilst remaining open at depth, to the west and towards the east. Significant results from Gladiator's 2024 drill program include:
CPG-047 - 98m @ 1.49% Cu, 0.04 g/t Au, 3.68 g/t Ag & 187 ppm Mo from 103m including 20m @ 5.53% Cu, 0.07 g/t Au, 11.47 g/t Ag & 229 ppm Mo from 145m, including 14m @ 7.67% Cu, 0.07 g/t Au, 15.16 g/t Ag & 217 ppm Mo from 145m.
CPG-049 - 79m @ 1.37% Cu, 0.06 g/t Au, 4.38 g/t Ag & 261 ppm Mo from 71m including 26m @ 3.31% Cu, 0.06 g/t Au, 8.97 g/t Ag & 44 ppm Mo from 88m.
CPG-045 - 38m @ 1.01% Cu, 0.06 g/t Au, 4.83 g/t Ag & 604 ppm Mo from 96m including 12m @ 1.73% Cu, 0.10 g/t Au, 7.75 g/t Ag & 1,052 ppm Mo from 96m & 4m @ 2.50% Cu, 0.10 g/t Au, 11.15 g/t Ag & 1,051 ppm Mo from 122m.
Hole CPG-018 (drilled by Gladiator in 2023) intersected minor skarn mineralization over the last 1.6m of the hole (200.1 to 202.69m EOH). With the results of CPG-047, mineralization is now believed to remain open at depth. Gladiator plans to further test the down dip potential of this zone by extending CPG-018 along with drilling further holes along strike upon the restart of drilling in February 2025.
Initial drilling at Cowley Park is part of a larger planned drilling program for 2025 encompassing the broader Whitehorse Copper project, with Gladiator recently receiving a Class 1 Permit that allows it to drill up to 50,000 metres over the coming 12 months.
This will allow Gladiator to systematically test known mineralisation throughout the belt as well as advance Cowley Park to resource definition.
Figure 1: Plan map of all drilling at Cowley Park over LIDAR DTM. All drill collars completed by Gladiator to date colored by sum Cu% x Length (m), historical collars marked as light-colored dots.
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Figure 2 Section (Line 3) through the Cowley Park prospect looking 280o (20m Window approximately West) showing only Gladiator drilling and recently returned assay results along the interpreted granodiorite-skarn boundary.
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Geological Modelling
Recent drilling and geophysical programs, including induced polarization (ongoing) and drone borne aero magnetics has led to the re-interpretation of the geological model used to explore Cowley Park. The new model supports the existence of an offsetting NNE dextral fault displacing mineralization significantly enlarging the exploration potential of Cowley Park.
Identification of the fault has opened the possibility to extensive exploration potential along strike of known mineralization and has identified a further three untested magnetic responses proximal to known mineralization and the emplaced granodiorite (intrusive) hosting the Cowley Park prospect. (see Figure 3).
The Company believes the previous geological interpretation prematurely constrained the strike extents of the known high grade exoskarn mineralization. The 2024 drill program has confirmed the Company's belief that mineralization associated with the higher-grade exoskarn is now open at depth and along strike and is not constrained as implied by the previous model.
Mineralization within the exoskarn is now interpreted to be occurring as a wide zone of high-grade mineralization contained within a broader mineralized skarn that is steep to moderately dipping (approximately -70 degrees to the south), rather than flattening at depth and returning to the near surface in the south (previously described as "The Bowl" Interpretation). The new geological model supports that:
The two main existing lodes (Northern & Southern) are now thought to be separated by a large regional lateral (dextral) off-setting fault that is of a similar orientation to that found at the Little Chief Mine. This implies that previous drilling was unable to detect the projected lodes across the fault, specifically the southern lode on the western side of the fault where the emplacement of the granodiorite is dominant.
Mineralization appears to be associated with the gradient (from low to high) of the magnetic response proximal to the intrusive system (granodiorite), implying that significant untested exploration potential exists to the north and south of the emplaced granodiorite.
Figure 3: Plan map of Cowley Park over drone magnetics, LIDAR and DTM. Gladiator drill collars colored by sum Cu% x Length (m); historical collars marked as non-Gladiator drilling.
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The new interpretation of the intrusive contact suggests the system remains open along strike, as drilling completed to date has not yet fully tested the strike extents of the magnetic gradients. The Company believes known higher grade exoskarn style mineralization that occurs proximal to the contact, including to the northwest and east of the "Northern Lode" and to the east of the "Southern Lode" could be extended further east.
Magnetics has also identified similar untested anomalies (Figure 3) proximal or along strike to identified mineralization surrounding the emplaced granodiorite at Cowley Park. Drill planning to test these anomalies in 2025 is underway.
Mineralization within the endoskarn is now interpreted as being defined by brittle deformation proximal to the endoskarn-exoskarn contact and is moderately to steeply dipping (to the south) localised to the contact.
QA / QC
For the relevant discussion on QA/QC and tabled details for the quoted intersections included in this release, refer to Gladiator's News Release dated January 14, 2025 "Gladiator Drills 36m of 1.23% Cu and 20m of 1.22% Cu at Cowley Park and Returns 40.2m of 1.74% Cu from Unassayed Historic Core"
Qualified Person
All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, the Company's Vice President Exploration, a "qualified person" as defined by NI 43-101.
ON BEHALF OF THE BOARD
"Jason Bontempo"
Jason Bontempo
Director and CEO
For further information contact:
Olav Langelaar, VP Corporate Development
+1-604-961-6511
olangelaar@gladiatormetals.com
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.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Certain of the statements and information in this news release constitute "forward-looking statements" or "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information.
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.
SOURCE: Gladiator Metals Corp.
Mayo Lake Minerals' 2025 Spring-Summer Exploration Plans
Announces Private Placement; Updates Merger Activities
https://www.newsfilecorp.com/release/243596/Mayo-Lake-Minerals-2025-SpringSummer-Exploration-Plans
March 06, 2025 2:28 PM EST | Source: Mayo Lake Minerals Inc. Ottawa, Ontario--(Newsfile Corp. - March 6, 2025) - Mayo Lake Minerals Inc. (CSE: MLKM) ("Company" or "Mayo") is pleased to announce its planned spring and summer exploration projects for the Company's four prospective properties covering 188 sq. km in the Mayo Mining District of the Yukon.
All of Mayo's properties lie within the Tombstone Gold Belt, which hosts numerous Reduced Intrusive Related Gold Systems (RIRGS), generally consisting of low-grade, large-tonnage gold deposits characterized by sheet veining, such as Snowline Gold's Valley deposit, Sitka Gold's RC project, Banyan Gold's AurMac project, and Victoria Gold's Eagle mine (Figure 1). Some epizonal orogenic deposits in the belt appear to be intrusion related (possibly reduced), such as Seabridge Gold's 3 Aces deposit and Snowline Gold's Jupiter deposit.1
Initially, Mayo will engage PhotoSat of Vancouver, B.C., to carry out satellite-based alteration surveys on its Trail-Minto and Anderson-Davidson properties as a precursor to its ground-based summer programs. The summer exploration plans will focus on advancing all properties to the point where they become attractive joint venture opportunities in an area where numerous projects are currently being developed through the discovery, resource expansion, and feasibility stages.
Trail-Minto has many characteristics suggestive of RIRGS. Magnetic lows are present under the Roaring Creek Intrusive in the southern half of the property and also in the northernmost section, where a number of broad circular lows on the total magnetics can be traced from the Company's property onto ground presently held by Banyan Gold (the Nitra property) to the west (Mayo Press Release, May 29, 2012). The analytical magnetic signal (AnSig) forms a unique pattern flanking the RCI, an area that also shows linear gold-in-soil anomalies (Figure 2). A similar AnSig pattern is also over the northernmost total magnetic low (Mayo Press Release, October 25, 2022). Banyan Gold considers its Nitra property to be highly prospective for a number of deposit types including sheeted veining related to RIRGS (https://banyangold.com/projects/nitra/). Soil sampling will continue in areas where magnetic lows and unique AnSig patterns coalesce. Trenching is planned where the linear gold anomalies and unique AnSig patterns have already been identified.
Anderson Gold Trend has the potential to be a stand alone mining camp based on its size and its numerous gold showings: To date, four gold showings and four prospective areas for gold have been outlined within the 48 sq. km Anderson Gold Trend (Figure 3) (Mayo Press Release, December 16, 2022). Mayo plans to conduct additional soil sampling of the four prospects, along with a scout drilling program to evaluate the showings and assess potential for more definitive drilling.
Carlin-Roop is located in the southeast part of the Keno Hill Silver District. Two high grade silver discoveries, Carlin West and AJ, were located in the western part of the property (Figure 4). The Carlin West zone is similar in size to Elsa, the second largest producer in the Keno Hill Silver Camp in past times when Elsa produced 30M ounces of silver. The Carlin West zone is marked by a long silver structure with float of up to 3,994g Ag/t (Mayo Press Release, December 16, 2022). A trenching program is proposed at Carlin-Roop to further explore this silver structure. Previous drilling was hindered by incomplete recovery. Core, nearby the unrecovered intervals, shows signs of mineralization. Trenching will target areas where soil sampling has defined an existing 120m by 60m zone in which all samples exceeded 30 g Ag/t (1 oz Ag/t).
Edmonton shows a large 6 sq. km. magnetic low. Results from soil and soil gas sampling indicate multiple zones of gold and base metal mineralization associated with, and peripheral to, the magnetic low (Mayo Press Release, October 25, 2022; https://www.mayolakeminerals.com/edmonton.html).
Please note that results from neighbouring properties or from those within the Tombstone Gold Belt do not necessarily apply to Mayo's properties.
Mayo Opens Private Placement
The Company is also pleased to announce the opening of its 2025 private placement, consisting of common share units ("CS Units") and flow-through units ("FT Units") to a maximum of $900,000, scheduled to close on or about March 21.
Each CS Unit is priced at $0.05 and consists of one common share (a "Common Share") and one common share purchase warrant ("CS Warrant"). Each CS Warrant is exercisable into one Common Share at a price of $0.07 per Common Share for a period of 48 months from the closing date.
Each FT Unit consists of one flow-through share in the capital of the Company (a "FT Share") and one purchase warrant ("Warrant"). Each Warrant is exercisable into one Common Share at a price of $0.07 for a period of 36 months from the closing date. Each FT Share will be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (the "Tax Act").
Proposed Merger with WestMountain Gold, Inc.
Mayo continues to focus on pursuing a C$7.5M± financing ("Merger Placement") in support of a potential merger with WestMountain Gold, Inc. ("WMG"). The completion date has been delayed due to WMG finalizing its capital structure. Ideally, the Merger Placement would be completed in late May or June 2025, allowing most of the funds to be directed toward a major drill program at WMG's Terra project during the summer.
Upon Mayo sourcing investors for the Merger Placement and both parties gaining a clearer sense of total funds raised and valuations for the merged company, Mayo and WMG will restart the process of completing a definitive merger agreement. This new agreement will differ from the original letter of intent ("LOI") executed on August 2, 2023, due to changes in several key factors, primarily the evolving financial circumstances of both companies and the variable conditions of the financial markets. The terms of the original LOI will serve as the starting point for further negotiations, with some terms adjusted based on the success of the Merger Placement.
About Mayo Lake Minerals Inc. Mayo is actively engaged in the exploration and development of four precious metal projects in the Tombstone Gold (Plutonic) Belt of the Tintina Gold Province. The properties cover 188 square kilometres in the Yukon's Mayo Mining District and lie within the traditional territory of the Na-Cho Nyäk Dun First Nation. Mayo is presently focusing on its two flagship properties; the Carlin-Roop Silver Project lying within the Keno Hill Silver District and the promising Anderson-Davidson gold property. Two active mines; Victoria Gold's Eagle Gold Mine and Hecla Mining's Keno Silver mines are nearby. Readers can access property news and descriptions at https://www.mayolakeminerals.com/.
Qualified Person. The technical and scientific information contained within this news release has been reviewed and approved by Dr. Vern Rampton, P.Eng., a Qualified Person as defined by National Instrument 43-101 - Standard of Disclosure for Mineral Projects.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact.
Vern Rampton, Ph.D., P.Eng. CEO and Chairman; vrampton @ruefd-2594
Darrell Munro, BBA, LL.B Corporate Administrator dmunro @ruefd-2594
Lee Bowles, Director: lbowles @Big Al-7474
NOT TO BE DISTRIBUTED TO NEWS WIRE SERVICES OR DISSEMINATED
IN THE UNITED STATES
Cautionary Statement Regarding Forward-Looking Information. This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. The forward-looking statements and information are based on certain key expectations and assumptions made by management of Mayo. Although management of Mayo believe that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information since no assurance can be given that they will prove to be correct. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of Mayo relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. THERE IS NO ASSURANCE THAT THE PROPOSED MERGER WILL OCCUR OR THAT MAYO WILL BE ABLE TO RAISE THE NECESSARY CAPITAL TO PROCEED WITH THE PROPOSED MERGER. BOTH MAYO AND WMG HAVE LIMITED CAPITAL.
The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement
Figure 1
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Figure 2
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Figure 3
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Figure 4
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1 These observations have been discerned from press releases, corporate presentations and property descriptions on the respective companies' web-sites.
SOURCE: Mayo Lake Minerals Inc.
Cascadia Announces 2025 Exploration Plans and Provides Corporate Update
https://www.newswire.ca/news-releases/cascadia-announces-2025-exploration-plans-and-provides-corporate-update-801422060.html
News provided by Cascadia Minerals Ltd. Mar 03, 2025, 08:00 ET
VANCOUVER, BC, March 3, 2025 /CNW/ - Cascadia Minerals Ltd. ("Cascadia") (TSXV: CAM) (OTCQB: CAMNF) is pleased to announce its fully-funded exploration plans for the 2025 field season. Work will include drilling at the Catch copper-gold porphyry and gold-silver epithermal project and further work to advance its Macks, Milner, Rosy and Idaho Creek properties.
Highlights
Amp Zone (CNW Group/Cascadia Minerals Ltd.)
Diamond drilling at the Catch Property to focus on the Volt and Amp zones, testing both copper-gold porphyry and high-grade gold-silver epithermal mineralization:
400 m of drilling is planned at the Amp Zone, where 2024 prospecting identified a new outcrop returning 1,065 g/t gold with 267 g/t silver; and
700 m of drilling is planned at the Volt Zone, where an extensive area of copper-gold mineralization is observed in float samples.
Prospecting, mapping and geophysics at the Macks Property will evaluate a new 2.2 x 2.0 km copper-molybdenum soil anomaly coincident with a regional 1.2 x 1.2 km magnetic low, and follow up on skarn rock chip sampling which returned 1.20% copper with 2.26 g/t gold and 68.3 g/t silver over 2.0 m;
Prospecting at the Rosy Property will follow up on a 3.0 x 2.5 km gold soil anomaly with quartz veins returning up to 35.92 g/t gold with 32.4 g/t silver in outcrop;
Work at the Milner Property will evaluate a new 2.4 km x 1.8 km copper soil anomaly through prospecting and mapping; and
Prospecting at the Idaho Creek Property will follow up on historical silver-gold-lead-zinc intermediate sulfidation veins as well as potential for an intrusion-related gold system.
"We're very excited to get our 2025 exploration program underway," stated Cascadia's President and CEO, Graham Downs, "The discovery in 2024 of extremely high-grade gold-silver mineralization at the Amp Zone is a game changer for Cascadia, and we're excited to test this target with the drill in 2025. We will also continue systematically exploring the porphyry targets at Catch, and advancing the other properties in our portfolio. This work program is fully-funded, and we will be well-positioned to expand our workplan as market conditions improve with continued strength in commodity prices."
Figure 1 – Amp Zone Drilling Plan
Figure 2 – Volt Zone Overview
Figure 3 – Volt Zone Drilling Plan
Figure 4 – Macks Overview
Figure 5 – Rosy Overview
Figure 6 – Milner Overview
Figure 7 – Idaho Creek Overview
Catch Property Exploration
The 119 km2 Catch Property is located in central Yukon, 50 km southeast of the town of Carmacks, within the traditional territory of the Little Salmon Carmacks First Nation, in an underexplored part of the Stikine Terrane – a key geological terrane which extends from the Golden Triangle in British Columbia into Yukon. The property is only 10 km from an all-season highway and powerline and has no documented historical exploration before 2020.
Work in 2025 is planned to focus on the Amp and Volt zones. At the Amp zone, two to three shallow drill holes, totaling approximately 400 m, will test high-grade epithermal gold-silver mineralization discovered in outcrop in 2024. One sample returned 1,065 g/t gold with 267 g/t silver, with nearby follow-up samples returning 187.0 g/t gold with 33.9 g/t silver, and 141.0 g/t gold with 45.2 g/t silver. These samples are located within a highly silicified basalt associated with elevated arsenic and antimony geochemistry. Significant copper mineralization has also been encountered in rock samples at Amp, with 2023 sampling returning 2.13% copper in outcrop. Crews will also conduct prospecting and mapping at this target to better understand the distribution of mineralization, and the relationship between the high-grade gold and copper zones.
At the Volt zone, located 1 km north of Amp, drilling will target the as-yet unidentified source of significant copper-gold mineralization in float across a 500 x 500 m area, where 258 rocks returned an average grade of 0.32% copper with 0.70 g/t gold. This mineralization is located within a landslide which has shifted it from source by up to 250 m. Crews will begin by completing a comprehensive mapping and surficial geology study to refine drill targeting, with up to 700 m of diamond drilling planned in three or four holes.
The Spark zone, the focus of Cascadia's 2024 drilling, remains open in multiple directions. A comprehensive core review will be conducted this spring with a leading porphyry expert to refine future drill targets. A geophysical interpretation has identified key structural controls in the area, and a string of potential intrusive centers extending to the northeast from the drilled target. Hand pitting will be completed to sample bedrock in these areas, with additional geophysics and diamond drilling to be considered later in the season.
Macks Property Exploration
The 71 km2 Macks Property was staked by Cascadia in 2023. It is located 43 km south of Carmacks within the traditional territory of the Little Salmon Carmacks, Champagne and Aishihik, and Kwanlin Dun First Nations. The property is 10 km from the Klondike Highway and powerline and is currently accessed by helicopter. There is an overgrown bulldozer trail to the property, which could potentially be reactivated for future programs.
Exploration in 2025 will focus on a new 2.2 by 2.0 km copper ± molybdenum soil anomaly identified in 2024, where a chip sample from a magnetite skarn outcrop returned 0.49% copper with 0.12 g/t gold and 4.7 g/t silver over 1.50 m. The soil grid will be extended and infilled, while additional prospecting and mapping is completed in the area. A ground magnetics survey will also be completed to provide better resolution on a magnetic low response shown on regional government geophysics. Prospecting will be completed across the property, including near a magnetite skarn in the southeast which returned 1.20% copper with 2.26 g/t gold and 68.3 g/t silver over 2.00 m.
Rosy Property Exploration
The 61 km2 Rosy Property is located 77 km east of Whitehorse, adjacent to the Red Mountain molybdenum deposit. The road-accessible property is within the traditional territory of the Teslin Tlingit Council. Previous sampling on the property has identified numerous low sulphidation epithermal quartz-carbonate veins hosting gold-silver mineralization. Exploration in 2025 will follow up on previous sampling, which returned up to 35.92 g/t gold with 32.4 g/t silver. Crews will work to map and extend the vein systems, to prepare for future drilling of the property.
Milner Property Exploration
The 43 km2 Milner Property was staked in 2023 after prospecting returned an outcrop sample grading 0.45% Cu with 0.24 g/t Au, 5.0 g/t Ag and 34 ppm Mo in an area with no documented historical exploration. It is located 80 km northeast of Whitehorse within the traditional territory of the Ta'an Kwäch'än Council and Little Salmon Carmacks First Nation. The east side of the property overlies the Livingstone Airstrip, with numerous active placer gold mining operations located nearby. Work in 2025 will consist of prospecting and mapping to follow up on a 2.4 x 1.8 km copper soil anomaly in the core of the property that was identified in 2024.
Idaho Creek Property Exploration
The 14 km2 Idaho Creek Property is located 130 km northwest of Carmacks, adjacent to Western Copper and Gold's Casino Project. Located along the proposed Casino access road, the property lies within the traditional territory of the Selkirk First Nation. Idaho Creek has numerous gold-silver-lead-zinc intermediate sulphidation epithermal veins, with drill results including 417 g/t silver with 1.26 g/t gold, 8.17% lead and 4.40% zinc over 0.85 m in hole ID-07-03. There is also intrusion-related gold potential on the eastern portion of the property, where 2006 RC drilling returned 122 m of 0.12 g/t gold with 1.93 g/t silver. Grade in this hole was increasing with depth and ended in mineralization. Work in 2025 will consist of prospecting and mapping to follow up and expand both the epithermal vein and intrusion-related gold targets.
Corporate Update
Cascadia announces that its VP Exploration, Adam Coulter, will be leaving the company effective March 8th, to pursue another opportunity. While he will be leaving this role, Mr. Coulter will be joining Cascadia's Technical Committee as advisor to the company, providing continuity of operations and transfer of geological knowledge. The Cascadia team greatly appreciates Adam's leadership and wishes him well in his future endeavours. Cascadia continues to have a strong in-house geological team in place and planning for the field season will continue uninterrupted.
"On behalf of the Cascadia team and board, I would like to acknowledge and sincerely thank Adam for his dedication and contributions he's made to the company," stated Cascadia's President and CEO, Graham Downs, "Having worked for Cascadia and its predecessor company for almost a decade, Adam has built and mentored a very strong exploration team that will continue to be guided by him and the highly engaged technical committee. We wish Adam nothing but the best as he advances his career in his new position."
The Company further announces the appointment of Shayla Forster as Corporate Secretary. Ms. Forster has extensive experience in providing corporate secretarial, governance, compliance, facilitating financings and disclosure consulting services to numerous publicly listed issuers, including companies listed on the TSX Venture Exchange, Canadian Securities Exchange and OTCQB. Ms. Forster will be replacing Glenn Yeadon who has been Cascadia's and its predecessor company's Corporate Secretary for over 20 years.
"We are delighted to have Shayla join our team, and the board and I would like to offer her a very warm welcome. Furthermore, I would like to express my sincere gratitude to Glenn for his years of dedicated service and his unwavering professionalism in all aspects of his work," stated Graham Downs, President and CEO.
About Cascadia
Cascadia is a Canadian junior mining company focused on making new copper and gold discoveries the Yukon and British Columbia. Cascadia's flagship Catch Property in the Yukon hosts a brand-new copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold. Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver.
In addition to Catch, Cascadia is conducting exploration work at its Macks and Milner properties – recently staked Catch analogues within Yukon's Stikine Terrane which have additional copper porphyry targets. Cascadia has approximately 70 million shares outstanding and its largest shareholders are Hecla Mining Company, Michael Gentile and Barrick Gold.
Results referenced in this release represent highlight results only. Below detection values for gold, copper, silver and molybdenum have been encountered in soil and rock samples in these target areas.
The technical information in this news release has been approved by Adam Coulter, M.Sc., P.Geo., VP Exploration for Cascadia and a qualified person for the purposes of National Instrument 43-101.
On behalf of Cascadia Minerals Ltd.
Graham Downs, President and CEO
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 NEWS RELEASE.
Cautionary note regarding forward-looking statements:
This press release may contain "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update forward-looking information, except as required by securities laws.
SOURCE Cascadia Minerals Ltd.
For further information, please contact: Andrew Carne, M.Eng., P.Eng., VP Corporate Development, Cascadia Minerals Ltd., T: 604-688-0111 ext. 106, acarne@cascadiaminerals.com
Snowline Gold Drills 617.6 m at 1.7 Grams per Tonne Gold From Surface, Including 3.24 Grams per Tonne Gold Over 202.0 M, Showcasing Strong Consistency of Valley Deposit, Rogue Project, Yukon
Key Infill Holes Deliver: Hole V-24-119 intersects 617.6 m at 1.68 g/t Au from bedrock surface at 2.4 m downhole, including 202.0 m at 3.24 g/t Au, highlighting along with other holes consistency of strong, near-surface mineralization across largest gaps in previous drilling
Updated Mineral Resource Estimate Forthcoming: Valley MRE to be updated in first half of 2025, following a 90% increase in total drilling (53 km vs 28 km in 2024)
Rapid Project Advancement: Work underway on first-ever Preliminary Economic Assessment for Valley deposit, set to highlight potential economics of large, low strip, front-heavy gold system.
https://www.accessnewswire.com/newsroom/en/metals-and-mining/snowline-gold-drills-6176-m-at-17-grams-per-tonne-gold-from-surface-including-324-995333
Tuesday, 04 March 2025 06:00 AM
VANCOUVER, BC / ACCESS Newswire / March 4, 2025 / SNOWLINE GOLD CORP (TSXV:SGD)(OTCQB:SNWGF)
Banyan Provides Summary of 2024 Diamond Drill Program, Airstrip and Powerline Deposits, AurMac Project, Yukon, Canada
https://www.accessnewswire.com/newsroom/en/metals-and-mining/banyan-provides-summary-of-2024-diamond-drill-program-airstrip-and-powerline-depos-994387
Monday, 03 March 2025 06:00 AM
VANCOUVER, BC / ACCESS Newswire / March 3, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) i
White Gold Encounters Broad Near Surface Gold-Bearing Structure with High Density Quartz Veining in All Holes on Newly Discovered 2.2 km+ Chris Creek Gold Target
https://www.globenewswire.com/news-release/2025/02/27/3033869/0/en/White-Gold-Corp-Encounters-Broad-Near-Surface-Gold-Bearing-Structure-with-High-Density-Quartz-Veining-in-All-Holes-on-Newly-Discovered-2-2-km-Chris-Creek-Gold-Target.html
February 27, 2025 08:31 ET | Source: White Gold Corp.
TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W
Lode Gold Executes Agreement with Axiom to Initiate Drill Targeting Plan Focused on RIRGS Targets at WIN and Golden Culvert in Yukon
https://www.newsfilecorp.com/release/242650/Lode-Gold-Executes-Agreement-with-Axiom-to-Initiate-Drill-Targeting-Plan-Focused-on-RIRGS-Targets-at-WIN-and-Golden-Culvert-in-Yukon
February 27, 2025 10:44 AM EST | Source: Lode Gold Resources Inc.
Toronto, Ontario--(Newsfile Corp. - February 27, 2025) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold " or the "Company") is pleased to report it has engaged the services of Axiom Exploration Group Ltd. ("Axiom") of Saskatoon, Saskatchewan. Axiom's primary role will be to supply geological and field technical staff, along with equipment for our forthcoming field program. This program will target four distinct RIRGS (Reduced Intrusion-Related Gold System) prospects named Border, Steelhead, Stingray and Camp. Among these, the Border prospect on the WIN property is the most developed, exhibiting RIRGS-style gold mineralization in sheeted quartz veins hosted within hornfels, along with high bismuth to gold ratios. Our efforts will concentrate on this prospect, aiming to identify drill targets at Border for drill testing in the later part of the season. The entire operation will be overseen by Buddy Doyle, Gold Orogen's Vice President of Exploration, a seasoned explorer with a 40-year career marked by numerous significant discoveries.
Axiom is well-positioned to execute this work effectively, leveraging its team of diverse geoscientists with extensive experience gained across Canada and internationally. The company's professionals are equipped with cutting-edge industry knowledge and tools, ensuring the provision of reliable and accurate data. Additionally, Axiom's in-house field equipment and established relationships with suppliers offer cost advantages through volume discounts, benefits that are typically unavailable to individual junior companies.
Left: Golden Culvert and WIN: 99.5 km² area spanning 27 km of strike length in the southern Tombstone Gold Belt. Four confirmed RIRGS targets highlight the district-scale potential of this high-grade gold trend Right: Boundary Zone Discovery Site: Gold-bearing sheeted quartz veins in hornfels-altered rock
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4064/242650_lodegoldimage.jpg
"We welcome the increased exploration investment and our ability to apply a systemic, technical approach to our prospective Golden Culvert and WIN properties, in particular the added opportunities provided by the recognition of RIRGS in addition to the known orogenic styles of mineralization in the area," comments Jonathan Hill, Director and Head of the Technical Committee. "Prior exploration drilling has tested less than 10% of the overall >20km strike potential highlighted by our quality geochemical and geophysical datasets. We expect that the current work in 2025 will identify some compelling potential targets and progress them to initial drilling phases."
The program is being executed in two stages. The first stage takes place at the Border prospect, a high-altitude site near an ice field that benefits from its close proximity to the all-weather Highway 10. The crews will map the extent of the sheeted quartz veins and collect channel samples across the vein system. Additionally, they will search for other vein swarms within the large hornfels roof pendant delineated by the QMAGT survey conducted in 2024. To maximize planning time for the drill program, samples will be expedited for gold assays to obtain rapid results. Concurrent work on other RIRGS targets is also planned, particularly during periods when weather conditions restrict access to the Border prospect.
Phase 2 is scheduled to commence in August 2025, featuring a 1400 m drill program consisting of seven holes, designed to test the targets generated during Phase 1.
About Lode Gold
Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.
In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.
In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 445 km2 and a 44 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project. Riley Brook is a 335 km2 package covering a 26 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.
In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 10.7 g/t Au in the 1930's.
Mining was halted in 1942 due the gold mining prohibition in World War Two (WWII) just as it was ramping up production. Unlike typical brownfield projects that are mined out, only 8% of the veins have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont.
The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.
Previously, in March 2023 the company completed an NI 43 101 Preliminary Economic Assessment ("PEA"). A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold gives an after-tax NPV of USD $370M and a 31% IRR over an 11-year LOM. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized.
All NI 43-101 technical reports are available on the Company's profile on SEDAR+ (www.sedarplus.ca) and the Company's website (www.lode-gold.com)
QUALIFIED PERSON STATEMENT
The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology - UCT), FAusIMM, and who is a "qualified person" as defined by NI-43-101.
ON BEHALF OF THE COMPANY
Wendy T. Chan, CEO & Director
Information Contact
Winfield Ding
CFO
info@lode-gold.com
+1-416-915-4257
Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (647) 725-3888 ext. 702
Cautionary Note Related to this News Release and Figures
This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
Cautionary Statement Regarding Forward-Looking Information
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.
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.
There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.
SOURCE: Lode Gold Resources Inc.
Sitka Begins 30,000 Metre Diamond Drilling Program at Its Flagship RC Gold Project, Yukon
Fully funded 30,000 metre drill program initiated at RC Gold with approximately 15,000 metres allocated to expanding and further defining the wide-open Blackjack gold deposit along with additional drilling at the Saddle target and wide-open Eiger gold deposit
15,000 metres allocated to follow up drilling at the Rhosgobel and Pukelman discoveries and to test additional drill ready targets within the Clear Creek Intrusive Complex
https://www.newsfilecorp.com/release/241634/Sitka-Begins-30000-Metre-Diamond-Drilling-Program-at-Its-Flagship-RC-Gold-Project-Yukon
February 20, 2025 9:27 AM EST | Source: Sitka Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - February 20, 2025) - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF)
Yukon Metals Announces 2025 AZ Exploration Plans and Inaugural Drill Campaign at Chair Mountain
https://www.globenewswire.com/news-release/2025/02/19/3028817/0/en/Yukon-Metals-Announces-2025-AZ-Exploration-Plans-and-Inaugural-Drill-Campaign-at-Chair-Mountain.html
February 19, 2025 09:00 ET | Source: Yukon Metals Corp.
VANCOUVER, British Columbia, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Yukon Metals Corp. (CSE: YMC, FSE: E770, OTCQB: YMMCF) (“Yukon Metals” or the “Company”) is pleased to announce details of its upcoming exploration program at the 11,755-hectare AZ project, located approximately 36km south of Beaver Creek, Yukon and is the largest of Yukon Metals’ seventeen properties, which total over 42,500 hectares.
Highlights of the 2025 planned exploration:
2,000 meters of diamond drilling at Chair Mountain to test key targets along a 1.2-kilometer-long gossan zone, located 6km west of the Alaska Highway.
Follow-up on the Nutzotin skarn mineral occurrence, where historic trench samples returned up to 10.3% copper as well as testing of an intrusive-hosted chalcopyrite-bearing vein system located 200m east of the skarn (Marylin Creek Stock).
Airborne geophysical surveys using magnetic and VTEM to refine structural interpretations and identify potential conductive mineralization along the 5km long Chair-to-Nutzotin trend (Figure 1).
Rory Quinn, President & CEO stated, “The surface copper anomalies, oxidation, alteration, and proximity to a regionally mapped structure make the 5km-long Chair to Nutzotin trend a highly attractive exploration target. The systematic approach - integrating historical data, modern geophysics and targeted drilling - will allow Yukon Metals to refine its exploration model and unlock further potential at the AZ project.”
Building on last season’s successful prospecting at Chair Mountain, where rock chip samples returned up to 3.49% copper (Figure 2- see YMC NR issued January 15, 2025 here), the Company has identified a high-priority target area extending an additional 2.5 kilometers toward the Nutzotin mineral occurrence. Notably, hematite alteration (Figure 3) observed at surface and the presence of multiple copper occurrences along this corridor suggest the potential for a porphyry-style system. This corridor will be the focus of a multifaceted exploration program that includes 2,000 meters of diamond drilling, systematic mapping and geochemical sampling, and an airborne magnetic and VTEM (Versatile Time-Domain Electromagnetic) survey to target additional drill holes.
Figure 1- Interpreted mineralization trend the focus of the 2025 field program at AZ highlighted along with 2024 prospected gossan area.
About the AZ Project
In September 2024, Yukon Metals conducted a helicopter-supported mapping and sampling program on its AZ property. A prominent zone of orange iron-stained and altered rocks was followed over 1.2 kilometres on the north and eastern flanks of Chair Mountain. Consistent copper mineralization was found along the prospected area. Of the sixty rock-chip samples taken, 18 samples showing significant copper content, assayed from 0.12-3.49%. Hematite alteration was also noted in the area. This can be associated with oxidized hydrothermal fluids, which are key drivers in forming major porphyry copper deposits.
Rock-chip samples were collected in quartz veins within basalt and andesite volcanic rocks in both outcrop and float exposures near the ridge tops. This area is coincident with a major topographic lineament, mapped regionally as a NW trending fault zone, that extends a further kilometer down to Sanpete Creek (a past alluvial gold producer) and the property boundary to the southeast.
The large gossan and mineralized veins provide evidence of a large hydrothermal system driving fluids through the faults and fractures on Chair Mountain. Strongly clay-altered biotite-quartz diorite dykes were mapped in the vicinity of mineralization and are interpreted to be part of the Nutzotin suite of intrusions.
Figure 2- Sample K140202 Grading 3.49% Cu
The Nutzotin mineral occurrence lies 2.5km northwest of Chair Mountain along strike of a large fault mapped by the Yukon Geologic Survey in 2007 (Figure 4) Two skarn showings were uncovered in this area in the late 1960’s which reportedly yielded up to 10.3% copper and 16.4 g/t silver with trace gold. Historical chip sampling over three trenches returned variable copper values, with the best returning 0.6% copper over 12m (AR 095814).
During a 2006 exploration program, a composite grab sample #RC276270 over a granite stock northeast of the skarn showings returned significant copper mineralization of 1,485 ppm (AR 094599). Silt sample #TC276691 downstream of the stock returned 0.183 g/t gold (AR 094599). The stock reportedly shows moderate to strong orange ankeritic alteration and pyritization with abundant quartz veining, noted as commonly chalcopyrite-bearing.
A small exploration program in 2012 by Strategic Metals uncovered a new mineralized zone on the northern contact of the stock with soil samples ranging between 134 to 1,105 ppm copper (AR 096422).
Limited outcrop exposure, permafrost and extensive volcanic ash over the soil profile has previously challenged exploration efforts in this area. Yukon Metals successfully deployed a deep permafrost soil drilling technique in 2024 at the Birch property which was designed for similar difficult exploration terrain. The use of this system at AZ in 2025 has the potential to reveal geochemical continuity between mineralized outcrops.
Sampling Methodology
Rock samples from the 2024 program referenced above were sent to ALS Minerals for analysis with sample preparation in Whitehorse, Yukon and analysis in North Vancouver, British Columbia.
Samples were prepared by crushing to 70% passing 2mm, 250g split pulverised better than 85% passing 75 microns (Prep-31A). Pulp samples were analysed for 48 elements by four acid digestion and ICP-MS super-trace analysis (ME-MS61L). All samples were analyzed for gold by fire assay and AAS with a 50g nominal sample weight (Au-AA24). Samples over 10,000 ppm Copper were assayed by method Cu-OG62.
Rock samples taken while prospecting referenced in this release are selective in nature and collected to determine the presence or absence of mineralization and may not be representative of the mineralization hosted on the project.
Figure 3- Sample K140214 showing intensely hematite-altered basalt with quartz-calcite stringers. Contains 111.5 ppm Cu.
Figure 4- Chair Mountain area geology from Israel et. al, 2007 with granite mapping from AR 094599 and the 2024 Yukon Metals field program, with interpreted mineralization trend.
Figure 5- AZ Project Location Map
Qualified Person
The technical content of this news release has been reviewed and approved by Helena Kuikka, P.Geo., VP Exploration for Yukon Metals and a Qualified Person (as defined by National Instrument 43-101).
About Yukon Metals Corp.
Yukon Metals is well financed and represents a property portfolio built on over 30 years of prospecting by the Berdahl family, the prospecting team behind Snowline Gold’s portfolio of primary gold assets. The Yukon Metals portfolio consists primarily of copper-gold and silver-lead-zinc assets, with a substantial gold and silver component. The Company is led by an experienced Board of Directors and Management Team across technical and finance disciplines.
Yukon Metals is focused on fostering sustainable growth and prosperity within Yukon's local communities, while simultaneously enhancing stakeholder value. Our strategy centers around inclusivity and shared prosperity, offering both community members and investors the chance to contribute to, and benefit from, our ventures.
The Yukon
The Yukon ranks 10th most prospective for mineral potential across global jurisdictions according to the Fraser Institute’s 2023 Survey of Mining Companies and is host to a highly experienced and conscientious local workforce, fostered by a long culture of exploration coupled with deep respect for the land. Recent major discoveries with local roots such as Snowline Gold’s Rogue Project - Valley Discovery, demonstrate the Yukon’s potential to generate fresh district-scale mining opportunities.
YUKON METALS CORP.
“ON BEHALF OF THE BOARD OF YUKON METALS CORP.
“Rory Quinn”
Rory Quinn, President & CEO
Email: roryquinn@yukonmetals.com
Phone: 604-366-4408
For additional information, please contact:
Kaeli Gattens
Vice President, Investor Relations & Communications
Yukon Metals Corp.
Email: kaeligattens@yukonmetals.com
Website: www.yukonmetals.com
Event & Live Panel Discussion: Vancouver Yukon Investor Day – February 19th, 2025
Please join the Company today – February 19th at 2:00pm PT at the Terminal City Club – for a live presentation and panel discussion hosted by Invest Yukon. For more information please click here.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking information, including information about the metal association and geology of the prospect areas at the AZ project, including Chair Mountain, Nutzotin, Wrangell and California, the accuracy of the copper mineralization, the potential for economic grades of copper, silver and gold, Yukon’s potential to generate fresh district-scale mining opportunities, and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify the forward-looking information. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking information involves significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from those discussed or implied in the forward-looking information. Such factors include, among other things: risks and uncertainties relating to Chair Mountain and other properties not being prospective copper-rich, gold-rich or silver-rich geological systems; rock samples analysed not being representative of overall mineralization; the required assumptions of completed helicopter-supported mapping and sampling programs; not having significant scale and a lack of economic grade minerals; the Yukon not having the potential to generate fresh district-scale mining opportunities; and other risks and uncertainties. See the section entitled “Risk Factors” in the Company’s listing statement dated May 30, 2024, available under the Company’s profile on SEDAR+ at www.sedarplus.ca for additional risk factors. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with the forward-looking information. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to update or revise the information to reflect new events or circumstances, except as required by law.
References
Davidson, G.,(1987). Assessment report on the Chair Gold 1-12, 15-18 mineral claims (YA94380-YA94391, YA94392-YA94395), NTS 115-K-2. Prepared for G. Harris, Whitehorse Mining District, Yukon Territory. September 1987. AR # 091955
ISRAEL, S., COBBETT, R. and FOZARD, C., 2007. Bedrock geology of the Miles Ridge area, Yukon (parts of NTS 115F/15, 16 and 115K/1, 2) (1:50 000 scale). Yukon Geological Survey, Open File 2007-7.
Mitchell, A., B.Sc. (2012). Assessment report describing soil and rock geochemical sampling at the Nutz Property, Nutz 1-30 YD110353-YD110382, NTS 115/K02. Prepared for Strategic Metals Ltd. by Archer, Cathro & Associates (1981) Limited. Whitehorse Mining District, Yukon Territory. February 2012. AR # 095814
Richter, D.H., Singer, D.A., and Cox, D.P., 1975, Mineral resources map of the Nabesna quadrangle, Alaska: U.S. Geological Survey Miscellaneous Field Studies Map MF-655-K, 1 sheet, scale 1:250,000.
Schulze, C., B.Sc., (2007). NI 43-101-compliant report on the 2006 exploration program on the White River Nickel Project: ANT, HAND, WENG, RIVER, WR, PIC, and KLUX claim blocks (115K/02, 115F/15, 115F/16). Prepared for Xstrata plc (formerly Falconbridge Ltd.) by All-Terrane Mineral Exploration Services. Whitehorse Mining District, Yukon Territory. February 26, 2007. AR # 094599
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4834355c-eb12-455c-a5d4-8fa93ab6eb3d
https://www.globenewswire.com/NewsRoom/AttachmentNg/94a758b4-4070-450a-a0e9-ad9d72af2bc7
https://www.globenewswire.com/NewsRoom/AttachmentNg/43b30a15-f677-4a13-9985-71a05e7839ce
https://www.globenewswire.com/NewsRoom/AttachmentNg/feea2795-9b4e-4e92-8751-e9dc279ffda9
https://www.globenewswire.com/NewsRoom/AttachmentNg/2f0c5691-cd7d-4781-8c6f-c8213c4cdad
Banyan Intersects 15.9 Metres of 9.32 Grams per Tonne Gold, Airstrip Deposit, AurMac Project, Yukon, Canada
https://www.accessnewswire.com/newsroom/en/metals-and-mining/banyan-intersects-159-metres-of-932-grams-per-tonne-gold-airstrip-deposit-aurmac-p-987388
Wednesday, 19 February 2025 06:00 AM
VANCOUVER, BC / ACCESS Newswire / February 19, 2025 / Banyan Gold Corp . (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF
Snowline Gold Drills Mineralization 300 M Beyond Current Resource in Expansion Drilling at The Valley Deposit, Rogue Project, And Demonstrates District Potential with Intersection Of 20.9 Grams Per Tonne Gold Over 2.1 M At Its Jupiter Target, Einarson Project, Yukon
Resource Expansion Potential at Valley: Hole V-24-115 intersects 2.08 g/t Au over 15.5 m within a broader 100.5 m intersection averaging 0.53 g/t Au, showing strong mineralization in an unexplored part of the Valley intrusion over 300 m east of the Valley deposit, Rogue Project
Continuity Confirmed: Hole V-24-117 intersects 1.64 g/t Au over 112.5 m within a broader 242.5 m intersection averaging 1.14 g/t Au, demonstrating strong continuity of the Valley Deposit
District Potential Demonstrated: Einarson Project hole J-24-031 returns 20.94 g/t Au over 2.1 m within 9.45 m of 6.81 g/t Au at the Jupiter target, expanding mineralization 50 m to depth (open) and advancing understanding of structural controls
Drilling Update: Assays remain pending for >2,500 m from 6 holes from infill and expansionary drilling at Snowline's Valley deposit, Rogue Project.
https://www.accessnewswire.com/newsroom/en/metals-and-mining/snowline-gold-drills-mineralization-300-m-beyond-current-resource-in-expansion-dri-987593
Wednesday, 19 February 2025 06:00 AM
VANCOUVER, BC / ACCESS Newswire / February 19, 2025 / SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF)
WESTERN COPPER AND GOLD PROVIDES POSITIVE METALLURGICAL UPDATE
https://www.newswire.ca/news-releases/western-copper-and-gold-provides-positive-metallurgical-update-885678961.html
News provided by Western Copper and Gold Corporation Feb 13, 2025, 16:30 ET
VANCOUVER, BC, Feb. 13, 2025 /CNW/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN)
CANTEX RECEIVES GERMANIUM RESULTS OF UP TO 180g/t FROM DRILLING AT THE MAIN ZONE AT ITS SILVER-LEAD-ZINC NORTH RACKLA PROJECT, YUKON, CANADA
https://www.newswire.ca/news-releases/cantex-receives-germanium-results-of-up-to-180g-t-from-drilling-at-the-main-zone-at-its-silver-lead-zinc-north-rackla-project-yukon-canada-827370212.html
News provided by Cantex Mine Development Corp. Feb 12, 2025, 09:00 ET
KELOWNA, BC, Feb. 12, 2025 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF)
Banyan Drills 39.7 metres of 1.92 grams per tonne gold, Powerline Deposit, AurMac Project, Yukon, Canada
https://www.accessnewswire.com/newsroom/en/metals-and-mining/banyan-drills-397-metres-of-192-grams-per-tonne-gold-powerline-deposit-aurmac-proj-979187
Tuesday, 04 February 2025 06:00 AM
VANCOUVER, BC / ACCESS Newswire / February 4, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF)
Sitka Prepares for Winter Diamond Drilling Program at Its RC Gold Project, Yukon
https://www.newsfilecorp.com/release/239538/Sitka-Prepares-for-Winter-Diamond-Drilling-Program-at-Its-RC-Gold-Project-Yukon
February 04, 2025 8:30 AM EST | Source: Sitka Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - February 4, 2025) - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF)
Snowline Gold Intersects 466.6 m of 1.1 Grams per Tonne Gold from Surface Including 154.0 m of 2.1 Grams per Tonne Gold Further Building on Continuity and Width at Its Valley Deposit, Yukon
Hole V-24-105 returned 1.12 g/t Au over 466.6 m from surface, including 2.07 g/t Au over 154.0 m, strong results infilling a 120 m gap along section
Hole V-24-111 returned 1.05 g/t Au over 403.6 m from surface, including 1.90 g/t Au over 103.0 m from a 108 m gap along section near the eastern extent of drilling
Results from Aurelius show widespread alteration and anomalous gold (with local visible gold) in volcanic country rocks, along with broad zones of elevated copper
Assays remain pending for >7,200 m from 17 holes across two targets at Snowline's Rogue and Einarson projects.
https://www.accessnewswire.com/newsroom/en/metals-and-mining/snowline-gold-intersects-4666-m-of-11-grams-per-tonne-gold-from-surface-including-976045
Thursday, 30 January 2025 06:00 AM
VANCOUVER, BC / ACCESS Newswire / January 30, 2025 / SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF
Silver North Reviews 2024 Success at Haldane and Tim Silver Projects, Yukon and Provides 2025 Outlook
New discovery at Haldane (Main Fault) consists of multiple silver-bearing structures including 1.83m (TW) of 1,088 g/t silver, 3.90 g/t gold, 1.89% lead and 0.63% zinc, elevating Main Fault to a high priority target
Geological observations from drilling indicate the presence of CRD system at Tim Property
Results of 2024 drilling at Tim pending.
https://thenewswire.com/press-releases/1AwGFdJ9d-silver-north-reviews-2024-success-at-haldane-and-tim-silver-projects-yukon-and-provides-2025-outlook.html
Vancouver, BC, January 30, 2025 – TheNewswire - Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF)
Banyan Drills 46.4 Metres of 1.31 Grams per Tonne Au, Airstrip Deposit, AurMac Project, Yukon, Canada
https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/banyan-drills-464-metres-of-131-grams-per-tonne-au-airstrip-deposit-aurmac-projec-975436
Wednesday, 29 January 2025 06:00 AM
VANCOUVER, BC / ACCESS Newswire / January 29, 2025 / Banyan Gold Corp . (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF)
Gladiator to Resume Drilling at Cowley Park
https://www.newsfilecorp.com/release/238047/Gladiator-to-Resume-Drilling-at-Cowley-Park
January 22, 2025 7:00 AM EST | Source: Gladiator Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2025) - Gladiator Metals Corp (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("Gladiator" or the "Company") announces plans to resume drilling at Cowley Park in early February 2025 within its Whitehorse Copper Project.
Phase 1 drilling at the advanced high-grade copper prospect Cowley Park (10,000m planned) will focus on:
Targeting the strike and down dip extensions to the high grade exoskarn identified in the 2024 drill program at Cowley Park;
Resource definition; and
Expanding the Cowley Park footprint.
Phase 2 drilling at Cowley Park (9,000m planned) will be scheduled and planned for the second half of 2025 and will focus on delivering a maiden resource as soon as possible.
Recent drilling and geophysical programs, including induced polarization (ongoing) and drone borne aeromagnetics has led to an expanded and enlarged re-interpretation of the geological model used to explore Cowley Park.
The new model supports the existence of an offsetting NNE dextral fault displacing mineralization thereby significantly enlarging the exploration potential of Cowley Park.
Three newly identified geophysical anomalies will be drill tested as part of the 2025 drill program.
Gladiator CEO, Jason Bontempo, commented: "In 2024 we successfully extended high-grade mineralization along strike and at depth and identified three new, highly prospective geophysical targets which promise to significantly expand the known extents of Cowley Park if successful. This work confirmed our belief that Cowley Park will deliver a material cornerstone high-grade copper resource inventory within our 35km long Whitehorse Copper Belt Project, where we are initially targeting over 100mt of high-grade copper resources along the belt.
We are excited to commence our 2025 phase 1 drill campaign at Cowley Park. With a treasury exceeding $18M, we are well-funded to complete an aggressive drill program on and around Cowley Park to assess its true size potential with the objective of delivering a maiden resource as soon as possibl,e as well as follow-up on the other Whitehorse Copper Belt exploration targets."
Resumption of Drilling
Drilling is planned to resume in early February, initially targeting the strike and down dip extensions to the high grade exoskarn intersected in recent drilling (Figures 1 and 2) that returned significant high-grade mineralization over broad widths in CPG-045, CPG-047 and CPG-049. These holes support mineralization continuing for at least 220 metres from near surface down dip whilst remaining open at depth, to the west and towards the east. Significant results from Gladiator's 2024 drill program include:
CPG-047 - 98m @ 1.49% Cu, 0.04 g/t Au, 3.68 g/t Ag & 187 ppm Mo from 103m including 20m @ 5.53% Cu, 0.07 g/t Au, 11.47 g/t Ag & 229 ppm Mo from 145m, including 14m @ 7.67% Cu, 0.07 g/t Au, 15.16 g/t Ag & 217 ppm Mo from 145m
CPG-049 - 79m @ 1.37% Cu, 0.06 g/t Au, 4.38 g/t Ag & 261 ppm Mo from 71m including 26m @ 3.31% Cu, 0.06 g/t Au, 8.97 g/t Ag & 44 ppm Mo from 88m
CPG-045 - 38m @ 1.01% Cu, 0.06 g/t Au, 4.83 g/t Ag & 604 ppm Mo from 96m including 12m @ 1.73% Cu, 0.10 g/t Au, 7.75 g/t Ag & 1,052 ppm Mo from 96m & 4m @ 2.50% Cu, 0.10 g/t Au, 11.15 g/t Ag & 1,051 ppm Mo from 122m
Hole CPG-018 (drilled by Gladiator in 2023) intersected minor skarn mineralization over the last 1.6m of the hole (200.1 to 202.69m EOH). With the results of CPG-047, mineralization is now believed to remain open at depth. Gladiator plans to further test the down dip potential of this zone by extending CPG-018 along with drilling further holes along strike upon the restart of drilling in February 2025.
Figure 1: Plan map of all drilling at Cowley Park over LIDAR DTM. All drill collars completed by Gladiator to date colored by sum Cu% x Length (m), historical collars marked as light-colored dots.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/238047_6ef71813c4598a5b_002full.jpg
Figure 2 Section (Line 3) through the Cowley Park prospect looking 280o (20m Window approximately West) showing only Gladiator drilling and recently returned assay results along the interpreted granodiorite-skarn boundary.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/238047_6ef71813c4598a5b_003full.jpg
Geological Modelling
Recent drilling and geophysical programs, including induced polarization (ongoing) and drone borne aeromagnetics has led to the re-interpretation of the geological model used to explore Cowley Park. The new model supports the existence of an offsetting NNE dextral fault displacing mineralization significantly enlarging the exploration potential of Cowley Park.
Identification of the fault has opened the possibility to extensive exploration potential along strike of known mineralization and has identified a further three untested magnetic responses proximal to known mineralization and the emplaced granodiorite (intrusive) hosting the Cowley Park prospect (see Figure 3).
The Company believes the previous geological interpretation prematurely constrained the strike extents of the known high grade exoskarn mineralization. The 2024 drill program has confirmed the Company's belief that mineralization associated with the higher-grade exoskarn is now open at depth and along strike and is not constrained as implied by the previous model.
Figure 3: Plan map of Cowley Park over drone magnetics, LIDAR and DTM. Gladiator drill collars colored by sum Cu% x Length (m); historical collars marked as non-Gladiator drilling.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/238047_6ef71813c4598a5b_004full.jpg
Mineralization within the exoskarn is now interpreted to be occurring as a wide zone of high-grade mineralization contained within a broader mineralized skarn that is steep to moderately dipping (approximately -70 degrees to the south), rather than flattening at depth and returning to the near surface in the south (previously described as "The Bowl" Interpretation). The new geological model supports that:
The two main existing lodes (Northern & Southern) are now thought to be separated by a large regional lateral (dextral) off-setting fault that is of a similar orientation to that found at the Little Chief Mine. This implies that previous drilling was unable to detect the projected lodes across the fault, specifically the southern lode on the western side of the fault where the emplacement of the granodiorite is dominant.
Mineralization appears to be associated with the gradient (from low to high) of the magnetic response proximal to the intrusive system (granodiorite), implying that significant untested exploration potential exists to the north and south of the emplaced granodiorite.
The new interpretation of the intrusive contact suggests the system remains open along strike, as drilling completed to date has not yet fully tested the strike extents of the magnetic gradients. The Company believes known higher grade exoskarn style mineralization that occurs proximal to the contact, including to the northwest and east of the "Northern Lode" and to the east of the "Southern Lode" could be extended further east.
Magnetics has also identified similar untested anomalies (Figure 3) proximal or along strike to identified mineralization surrounding the emplaced granodiorite at Cowley Park. Drill planning to test these anomalies in 2025 is underway.
Mineralization within the endoskarn is now interpreted as being defined by brittle deformation proximal to the endoskarn-exoskarn contact and is moderately to steeply dipping (to the south) localised to the contact.
QA / QC
For the relevant discussion on QA/QC and tabled details for the quoted intersections included in this release, refer to Gladiator's News Release dated January 14, 2025 "Gladiator Drills 36m of 1.23% Cu and 20m of 1.22% Cu at Cowley Park and Returns 40.2m of 1.74% Cu from Unassayed Historic Core".
Qualified Person
All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, the Company's Vice President Exploration, a "qualified person" as defined by NI 43-101.
ON BEHALF OF THE BOARD
"Jason Bontempo"
Jason Bontempo
Director and CEO
For further information contact:
Olav Langelaar, VP Corporate Development
+1-604-961-6511
olangelaar@gladiatormetals.com
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.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Certain of the statements and information in this news release constitute "forward-looking statements" or "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information.
Forward-Looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.
SOURCE: Gladiator Metals Corp.
Sitka Increases Gold Mineral Resource Estimate to 1.3 Million Ounces Indicated and 1.5 Million Ounces Inferred at Its RC Gold Project in Yukon
Updated Mineral Resource Estimate ("MRE") at the Company's 100% owned Blackjack gold deposit located at the RC Gold Project, Yukon using a 0.3 g/t gold cut-off grade:
? Indicated Mineral Resource: 1,291,000 ounces of gold at a grade of 1.01 g/t
? Inferred Mineral Resource: 1,044,000 ounces of gold at a grade of 0.94 g/t
The updated MRE represents a significant increase in both average grade and contained ounces at the Blackjack deposit where an initial inferred MRE of 900,000 ounces of gold at a grade of 0.83 g/t with a cut-off of 0.25 g/t gold was announced in 2023 (see Company News Release dated January 19, 2023).
The updated MRE at Blackjack has a well defined and consistent core of 1 g/t or greater material that extends from surface to a depth of 660 m and remains open in all directions.
Initial metallurgical testing indicates that the gold in the Blackjack deposit is not refractory and has high recoveries of up to 94% with minimal NaCN consumption (see News Release dated July 13, 2022).
30,000 m of drilling planned at RC Gold this year to continue upgrading and expanding the Blackjack resource and further develop other significant centres of gold mineralization within the Clear Creek Intrusive Complex ("CCIC"), including the Eiger Deposit, which contains an initial inferred MRE of 440,000 ounces of gold (see Table 3 and Figure 5), and the Saddle, Rhosgobel, Contact, Pukelman, Bear Paw and Josephine targets (see Figures 4 and 5).
https://www.newsfilecorp.com/release/237933/Sitka-Increases-Gold-Mineral-Resource-Estimate-to-1.3-Million-Ounces-Indicated-and-1.5-Million-Ounces-Inferred-at-Its-RC-Gold-Project-in-Yukon
January 21, 2025 9:25 AM EST | Source: Sitka Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) ("Sitka" or the "Company") is pleased to announce an updated Mineral Resource Estimate ("MRE") in ac
SRC Provides VLF-EM Interpretation for Skye Gold Zone
https://www.newsfilecorp.com/release/237849/SRC-Provides-VLFEM-Interpretation-for-Skye-Gold-Zone
January 21, 2025 9:00 AM EST | Source: Stakeholder Gold Corp.
Toronto, Ontario--(Newsfile Corp. - January 21, 2025) - Stakeholder Gold Corp. (TSXV: SRC) ("Stakeholder" or the "Company") is pleased to announce results and interpretation for the VLF-EM (Very Low Frequency - Electro-Magnetic) geophysical survey undertaken on the Company's 100% owned Ballarat Gold-Copper Project ("Ballarat") which covers 18,741 Ha in the Heart of the White Gold District of the Yukon Territory, Canada.
The VLF-EM survey was a portion of the 2024 summer exploration program on Ballarat. The 2024 exploration program was comprised of a ground-based VLF-EM survey on the Skye Gold Zone, grid soil sampling on the Loki Copper Zone and a property wide drone magnetic survey.
Results of the drone magnetic survey (Figure 1) and grid soil sampling (Figure 4) are discussed in the news release dated November 12th, 2024. Highlights of this work included the delimitation of a significant, 2.3 km x 530 m, zone of anomalous copper in soils on the Loki Copper Zone and structural interpretation from the magnetic survey which highlighted a series of 2nd - 3rd order faults associated with gold occurrences on the Skye Gold Zone.
Skye Gold Zone VLF-EM Survey
The ground based VLF-EM survey was conducted across the Skye Gold Zone to aid in structural interpretation. The survey was performed with six (6) lines extending for a total of 2.5 line-km. The Skye Gold Zone is located in the central portion of the Ballarat Property and consists of two, NE-SW trending, sub parallel gold in soil anomalies extending approximately 1.9 km and 1.3 km respectively (Figure 2). The two sub parallel gold in soil anomalies are detected in association with locally established indicator minerals Mo (Molybdenum), Pb (Lead), and/or Te (Tellurium). These gold in soil anomalies, and particularly clusters of >50 ppb gold along them, are associated with a series of E-W and NE oriented structures first highlighted by the 2024 drone magnetic survey.
The VLF-EM survey focused on two areas within the Skye Gold Zone. Lines 1,2,3 & 4 were placed on the northern portion of the trend across the gold in soil anomaly extending for 1.9 km. Lines 5 & 6 were placed along the southern end of the trend across the gold in soil anomaly extending for 1.3 km (also Figure 2). The VLF-EM survey lines were designed to cross the gold in soil anomalies, and to provide further information for structural interpretation.
Results
For all of the VLF-EM survey lines, there is a strong correlation between the gold zones detected on surface, cross-cutting structures interpreted from the magnetic survey, and low-resistivity zones resulting from inversion of the VLF-EM sections. These low resistivity zones appear to dip moderately to steeply northwest and are interpreted as primary structural controls to gold mineralization in the area (Figure 3). This structural setting is very similar to, and likely related to, zones of known gold mineralization on the White Gold Property, including the Golden Saddle deposit, which is located some 30 km to the northwest.
The newly defined structural targets on the Skye Gold Zone are considered priority drill targets for the Company in 2025. In addition, these results highlight the necessity for follow up work on a series of gold in soil anomalies (up to 200 ppb Au), the East Zone (Figures 1,2 & 4), located approximately 2 km east of the Skye Gold Zone that are now interpreted to be associated with similar structural controls (1).
(1) See the Company's news release dated Oct. 20th, 2023. Available on SEDAR.
Figure 1: Drone magnetic survey of the Ballarat Property showing 1VD magnetics and structural interpretation.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/237849_2cde93a5c4c03ad3_001full.jpg
Figure 2: Gold in soils on the Skye Zone with VLF lines and structural interpretation.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/237849_2cde93a5c4c03ad3_002full.jpg
Figure 3: Cross-section showing gold in soils and resistivity in VLF - Line 1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/237849_figure.jpg
"Size potential for the Skye Gold Zone is now evidenced across three corroborative studies: geochemical gold signature analysis, magnetic surveys and very low frequency electro-magnetic surveys. The Skye Gold Zone itself extends over two sub-parallel features of 1.9 km and 1.3 km respectively, while recent interpretation suggests to us that the East Zone, which is located some 2 km east of the Skye Gold Zone, may now also have enhanced merit for exploration follow up as a result of revised structural interpretations."
"2024 exploration work on Ballarat confirms for us size potential for both the Skye Gold Zone and the Loki Copper Zone on the company's contiguous claim holdings. These exploration targets are separated by approximately 10 km and are located either side of the planned route for the Northern Gateway Road where it is expected to traverse 17 km of company claims. We believe that this combination gives our company shareholders an unparalleled opportunity for value accretion through economic mineral discovery in the Heart of the White Gold District of the Yukon Territory." Stated Christopher Berlet, President & CEO of Stakeholder.
2025 Exploration
The Company is currently considering plans for the 2025 exploration season. Proposals include up to 2,500 m of drilling, encompassing 8 - 10 holes on the Skye Gold Zone, and 1 - 2 holes on the Loki Copper Zone. Further work is also anticipated to include an expanded grid soil sampling program, geologic mapping and prospecting, and a ground based geophysical survey designed to source and define additional drill targets. Detailed plans for the 2025 season will be released in early spring.
Figure 4: Ballarat Property target areas with gold in soils.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/237849_2cde93a5c4c03ad3_004full.jpg
Ballarat Property
The Company's 100% owned; 18,741-hectare, contiguous claim position covers key ground features in the center of the rapidly evolving White Gold Mining & Exploration District. Stakeholder's claims are located in the relative center of the White Gold District (Figure 5), north and northeast of Newmont's (NYSE: NEM) Coffee Gold Project, due north of Western Copper and Gold Corporation's (TSX: WRN) Casino Project and west, south, and east of White Gold's (TSX: WGO) regional exploration initiatives.
Figure 5: Ballarat Property regional location.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/237849_2cde93a5c4c03ad3_005full.jpg
QAQC and QP Statement
The analytical work for the 2024 program was performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory. Sample preparation was carried out at the company's Whitehorse, Yukon facility. All soil samples were prepared using procedure SS80 (dry at 60 C and sieve 100g at -80 mesh) and analyzed by method AQ201 (aqua regia digestion and ICP-MS analysis). The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the insertion of certified standards, blanks, and field duplicates into the sample stream.
Jodie Gibson, M.Sc., P.Geo. is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.
For further information please contact:
Stakeholder Gold Corporation
416 525 - 6869
cberlet@stakeholdergold.com
Forward Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.
SOURCE: Stakeholder Gold Corp.
CANTEX DRILLS ANOTHER OUTSTANDING INTERSECTION OF 9 METRES OF 34.08% LEAD-ZINC AND 96 G/T SILVER AT ITS NORTH RACKLA PROJECT IN THE YUKON
https://www.newswire.ca/news-releases/cantex-drills-another-outstanding-intersection-of-9-metres-of-34-08-lead-zinc-and-96-g-t-silver-at-its-north-rackla-project-in-the-yukon-887266224.html
News provided by Cantex Mine Development Corp. Jan 20, 2025, 09:00 ET
KELOWNA, B.C., Jan. 20, 2025 /PRNewswire/ -- Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF
Cascadia Identifies New Copper Porphyry Targets at its Macks and Milner Properties, Yukon
https://www.newswire.ca/news-releases/cascadia-identifies-new-copper-porphyry-targets-at-its-macks-and-milner-properties-yukon-850523828.html
News provided by Cascadia Minerals Ltd. Jan 20, 2025, 08:00 ET
VANCOUVER, BC, Jan. 20, 2025 /CNW/ - Cascadia Minerals Ltd. ("Cascadia") (TSX-V: CAM) (OTCQB: CAMNF) is pleased to announce prospecting and soil sampling results from the 2024 exploration programs at its 100% owned Macks and Milner properties in Yukon. Work conducted in 2024 has identified numerous new targets, which will be further evaluated in 2025.
Macks Highlights
Macks Copper-in-Soil (CNW Group/Cascadia Minerals Ltd.)
Newly discovered 2,200 by 2,000 m copper ± molybdenum soil anomaly coincident with a regional 1,200 by 1,200 m magnetic low (Figures 1 – 3) analogous to Cascadia's Spark Zone at the Catch Property;
Prospecting at the south end of the property returned 1.20% copper with 2.26 g/t gold and 68.3 g/t silver from a magnetite skarn rock chip sample over 2.00 m; and
Prospecting at the east side of the new copper and molybdenum in soil anomaly discovered a new magnetite skarn showing which returned 0.49% copper with 0.12 g/t gold and 4.7 g/t silver from a rock chip sample over 1.50 m.
Milner Highlights
Newly discovered 2,400 by 1,800 m copper soil anomaly in the central core of the property;
Follow up prospecting 250 m west of a 2023 outcrop discovery which returned 0.45% copper with 0.24 g/t gold, 5.0 g/t silver and 34 ppm molybdenum returned 0.65% copper with 5.3 g/t silver from outcrop; and
The Milner Property has no documented historical exploration, with no record of previous claims having been staked in this area.
"The discovery of several new mineralized outcrops and significant copper soil anomalies in areas with no historical exploration is a testament to our generative exploration methodology," stated Cascadia's President and CEO, Graham Downs, "Our team is capitalising on the knowledge gained at our Catch Property by applying the same discovery methodology elsewhere in the Stikine Terrane in Yukon to continue to make new discoveries in a market where few new generative copper discoveries are being made. Our team is excited to get back on the ground in 2025 to follow up on these new anomalies and continue to systematically advance these projects towards drilling."
Figure 1 – Macks Copper in Soil
Figure 2 – Macks Molybdenum in Soil
Figure 3 – Macks Magnetic Total Field
Figure 4 – Milner Copper in Soil
Macks Exploration
The 71 km2 Macks Property was staked by Cascadia in 2023. It is located 43 km south of Carmacks within the traditional territory of the Little Salmon Carmacks, Champagne and Aishihik, and Kwanlin Dun First Nations. The property is 10 km from an all-season highway and powerline and is currently accessed by helicopter. An overgrown bulldozer trail to the property exists; which could potentially be used in future programs.
The 2024 exploration program at Macks consisted of prospecting and soil sampling. A total of 35 rock samples and 691 soil samples were collected. Soil sampling identified a new 2,200 by 2,000 m copper ± molybdenum soil anomaly which remains open to the west; associated with a magnetic low response in regional government geophysics. Prospecting samples from this area returned elevated copper, gold and molybdenum. A chip sample from a magnetite skarn outcrop in this area returned 0.49% copper with 0.12 g/t gold and 4.7 g/t silver over 1.50 m, contiguous with a chip sample which returned 0.25% copper with 3.0 g/t silver and 265 ppm molybdenum over 1.65 m.
A bedrock chip sample from a magnetite skarn near a historical anomaly in the southeast portion of the property returned 1.20% copper with 2.26 g/t gold and 68.3 g/t silver over 2.00 m, contiguous with a chip sample which returned 0.23% copper with 0.44 g/t gold and 20.9 g/t silver over a further 2.00 m. These samples are located within a 1,500 m x 1,000 m copper ± gold soil anomaly.
The property lies within the Stikine Terrane and is adjacent to the 200 km dextral strike slip Braeburn fault. The Stikine Terrane is characterized by Late Triassic to early Jurassic volcanic-plutonic arc complexes that are well-endowed with copper-gold-molybdenum porphyries including the Red Chris, Schaft Creek, Kemess, KSM and Galore Creek deposits and mines.
The property is dominantly underlain by the Upper Triassic aged Povoas Formation andesites and basalts of the Lewes River Group which have been intruded by the Early Jurassic aged Aishihik Batholith granitoid of the Long Lake Group.
The area has been historically explored for high grade copper skarn mineralization and demonstrates potential for Cu-Au-Mo porphyry mineralization. Much of the Macks Property has yet to see systematic prospecting and mapping, with previous exploration only documented in the southeast corner nearby a historical adit.
Milner Property Exploration
The 43 km2 Milner Property was staked by Cascadia in 2023 in an area with no documented historical exploration. It is located 80 km northeast of Whitehorse within the traditional territory of the Ta'an Kwäch'än Council and Little Salmon Carmacks First Nation. The east side of the property overlies the Livingstone Airstrip, with numerous active placer gold mining operations located nearby.
The 2024 exploration program at Milner consisted of broad property-wide grid soil sampling and focused prospecting in areas of anomalous 2023 soil and prospecting results. A total of 30 rock samples and 815 soil samples were collected. Soil sampling returned a 2,400 x 1,800 m copper soil anomaly in the core of the property. Prospecting returned several rock samples with elevated copper grades, including 0.65% copper with 5.3 g/t silver from bedrock near a gossanous area discovered in 2023 which returned 0.45% copper with 0.24 g/t gold, 5.0 g/t silver and 34 ppm molybdenum.
The property lies within the Stikine Terrane and is immediately adjacent to the 1,000+ km long, deep seated, crustal scale strike-slip Teslin-Thibert fault.
The property is dominantly underlain by the Triassic aged Semenof Formation basalt and andesites and by the Carboniferous aged Boswell Formation basalts, volcanic breccias and greenstones. The east side of the property is cut by a NW-SE trending thrust fault that marks the easternmost edge of the Stikine Terrane. The Devonian to Carboniferous Finlayson Suite of the Yukon-Tanana Terrane outcrops east of the thrust fault.
The Milner Property has no documented historical exploration, with no record of previous claims having been staked in this area.
QA/QC
Analytical work for all samples was completed by ALS Canada Ltd., with sample preparation in Whitehorse, Yukon and geochemical analyses in North Vancouver, BC. Rock samples were fine crushed before a 250-gram split was pulverized to better than 85% passing 75 microns. Rock samples were analyzed for gold by the Au-AA23 procedure which involves fire assay preparation using a 30-gram charge with an atomic absorption spectroscopy finish. Multi-element data for 48 elements was determined by the ME-MS61 procedure, which involves a four-acid digestion followed by inductively coupled plasma – atomic emission spectrometry ("ICP-AES") and inductively coupled plasma-mass spectrometry.
Overlimit values for copper were determined by the Cu-OG62 procedures which involves a four-acid digestion followed by ICP-AES analysis.
Soil samples were dry-screened at 180 micron, with analysis conducted on the fine fraction. Soil samples were analyzed for gold and 50 other elements by the AuME-TL43 procedure which involves aqua regia digestion of a 25-gram split with an ICP-AES and ICP-MS finish.
Results referenced in this release represent highlight results only. Below detection values for gold, copper, silver and molybdenum have been encountered in soil and rock samples in these target areas.
The technical information in this news release has been approved by Adam Coulter, M.Sc., P.Geo., VP Exploration for Cascadia and a qualified person for the purposes of National Instrument 43-101.
About Cascadia
Cascadia is a Canadian junior mining company focused on making new copper and gold discoveries the Yukon and British Columbia. Cascadia's flagship Catch Property in the Yukon hosts a brand-new copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold. Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper and 30.00 g/t gold.
In addition to Catch, Cascadia is conducting exploration work at its Macks and Milner properties – recently staked Catch analogues within Yukon's Stikine Terrane which have additional copper porphyry targets. Cascadia has approximately 70 million shares outstanding and its largest shareholders are Hecla Mining Company, Michael Gentile and Barrick Gold.
The technical information in this news release has been approved by Adam Coulter, M.Sc., P.Geo., VP Exploration for Cascadia and a qualified person for the purposes of National Instrument 43-101.
On behalf of Cascadia Minerals Ltd.
Graham Downs, President and CEO
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 NEWS RELEASE.
Cautionary note regarding forward-looking statements:
This press release may contain "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update forward-looking information, except as required by securities laws.
SOURCE Cascadia Minerals Ltd.
For further information, please contact: Andrew Carne, M.Eng., P.Eng., VP Corporate Development, Cascadia Minerals Ltd., T: 604-688-0111 ext. 106, acarne@cascadiaminerals.com
Fireweed Metals Acquires Strategic Land Package
https://finance.yahoo.com/news/fireweed-metals-acquires-strategic-land-133000772.html
Fireweed Metals Corp.
Thu, January 16, 2025 at 5:30 AM PST 3 min read
FWEDF
+2.54%
Fireweed Metals Corp. VANCOUVER, British Columbia, Jan. 16, 2025 (GLOBE NEWSWIRE) -- FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQX: FWEDF) is pleased to announce the acquisition of the Harvest claims from Strategic Metals Limited ("Strategic Metals"). These claims are fully enclosed within the boundaries of Fireweed's Macpass Project, further consolidating the Company's position in the District.
Highlights
Acquisition of 42 Harvest Claims, encompassing an area of approximately 8.77 km2.
Claims situated on the northern side of the Macpass property (see Map 1) in a belt of known barite-zinc-lead-silver showings.
Exploration potential includes significant zinc-in-soil anomalies and stratigraphic units prospective for high-grade massive sulphide mineralization.
CEO Statement
Peter Hemstead, Interim President and CEO, stated, “The acquisition of the Harvest Claims addresses the only remaining gap within the core of the Macpass property, consolidating prime ground within the prolific Selwyn Basin and presenting strong potential for high-grade zinc mineralization. This acquisition aligns with our strategy to realize the full potential of our property, and we are eager to advance exploration on this highly prospective ground.”
Exploration Potential
The Harvest Claims are strategically located within a belt of known barite-zinc-lead-silver showings, featuring the same barite-bearing stratigraphic interval hosting high-grade massive sulphide mineralization at the Boundary Zone.
Historical soil sampling data reveals significant zinc-in-soil anomalies, with recent, high-quality soil data from adjacent Fireweed claims showing substantial lead, barium, silver, and zinc anomalies along strike. This area includes barite deposits that could act as chemical traps for mineralizing fluids.
The claims also present modest potential for gold mineralization, with nearby gold targets indicating possible buried intrusions. Fireweed plans to conduct detailed soil geochemical surveys, prospecting, and reconnaissance drilling to unlock the full potential of these claims.
Purchase Agreement Detail
The agreement with Strategic Metals includes the following terms:
A cash payment of C$150,000 to Strategic Metals
Issuance of 147,888 Fireweed shares.
A Net Smelter Return (NSR) royalty of 0.5% on base metals and silver and 2% on gold from future production at the Harvest property.
Fireweed will retain the option to buy back 50% of the royalties (0.25% of base metal and silver NSR, and a 1% gold NSR), for C$1,000,000.
No finder's fees were paid in connection with this transaction. Additionally, the transaction does not involve any Non-Arm's Length Parties, and there are no relationships between Fireweed, its Insiders, and the sellers of the asset.
Picture1
Map 1: Harvest Claims within the Macpass Project area.
Qualified Person Statement
Technical information in this news release has been reviewed and approved by Fireweed Senior Geologist, Ian Carr, P.Geo. (BC), a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. Mr. Carr is not independent of the Company in accordance with NI 43-101.
About Fireweed Metals Corp.
Fireweed is an exploration company focused on unlocking value in a new critical metals district located in Northern Canada. Fireweed is 100% owner of the Macpass District, a large and highly prospective 985 km2 land package. The Macpass District includes the Macpass zinc-lead-silver project and the Mactung tungsten project. A Lundin Group company, Fireweed is strongly positioned to create meaningful value.
Fireweed trades on the TSX Venture Exchange under the trading symbol “FWZ”, on the OTCQX Best Market under the symbol “FWEDF”, and on the Frankfurt Stock Exchange under the trading symbol “M0G”.
Additional information about Fireweed and its projects can be found on the Company’s website at FireweedMetals.com and at www.sedarplus.com
ON BEHALF OF FIREWEED METALS CORP.
“Peter Hemstead”
CEO & Director
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 Statements
Forward Looking Statements
This news release contains “forward-looking” statements and information (“forward-looking statements”). All statements, other than statements of historical facts, included herein, including, without limitation, statements relating to interpretation of drill results, targets for exploration, potential extensions of mineralized zones, future work plans, the use of funds, and the potential of the Company’s projects, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Forward-looking statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management and reflect the beliefs, opinions, and projections on the date the statements are made. Forward-looking statements involve various risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include but are not limited to, exploration and development risks, unanticipated reclamation expenses, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, uncertainties involved in the interpretation of drilling results and laboratory tests, and one-time events. The Company assumes no obligation to update forward-looking statements or beliefs, opinions, projections or other factors, except as required by law.
Contact: Alex Campbell
Phone: +1 (604) 689-7842
Email: info@fireweedmetals.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a55f27ec-748e-42d4-9919-eb8519a55def
Gladiator Drills 36m of 1.23% Cu and 20m of 1.22% Cu at Cowley Park and Returns 40.2m of 1.74% Cu from Unassayed Historic Core
https://www.newsfilecorp.com/release/236980/Gladiator-Drills-36m-of-1.23-Cu-and-20m-of-1.22-Cu-at-Cowley-Park-and-Returns-40.2m-of-1.74-Cu-from-Unassayed-Historic-Core
January 13, 2025 5:00 PM EST | Source: Gladiator Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2025) - Gladiator Metals Corp (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7
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The topic here is Resource extraction in the Yukon...
Yukon Mining Recorder -
http://www.yukonminingrecorder.ca/index.html
http://www.gov.yk.ca/
www.emr.gov.yk.ca/energy/energy_strategy.html
The Spell of the Yukon by Robert Service:
I wanted the gold, and I sought it;
I scrabbled and mucked like a slave.
Was it famine or scurvy, I fought it;
I hurled my youth into a grave.
I wanted the gold, and I got it --
Came out with a fortune last fall, --
Yet somehow life's not what I thought it,
And somehow the gold isn't all.
No! There's the land. (Have you seen it?)
It's the cussedest land that I know,
From the big, dizzy mountains that screen it
To the deep, deathlike valleys below.
Some say God was tired when He made it;
Some say it's a fine land to shun;
Maybe; but there's some as would trade it
For no land on earth -- and I'm one.
You come to get rich (damned good reason);
You feel like an exile at first;
You hate it like hell for a season,
And then you are worse than the worst.
It grips you like some kinds of sinning;
It twists you from foe to a friend;
It seems it's been since the beginning;
It seems it will be to the end.
I've stood in some mighty-mouthed hollow
That's plumb-full of hush to the brim;
I've watched the big, husky sun wallow
In crimson and gold, and grow dim,
Till the moon set the pearly peaks gleaming,
And the stars tumbled out, neck and crop;
And I've thought that I surely was dreaming,
With the peace o' the world piled on top.
The summer -- no sweeter was ever;
The sunshiny woods all athrill;
The grayling aleap in the river,
The bighorn asleep on the hill.
The strong life that never knows harness;
The wilds where the caribou call;
The freshness, the freedom, the farness --
O God! how I'm stuck on it all.
The winter! the brightness that blinds you,
The white land locked tight as a drum,
The cold fear that follows and finds you,
The silence that bludgeons you dumb.
The snows that are older than history,
The woods where the weird shadows slant;
The stillness, the moonlight, the mystery,
I've bade 'em good-by -- but I can't.
There's a land where the mountains are nameless,
And the rivers all run God knows where;
There are lives that are erring and aimless,
And deaths that just hang by a hair;
There are hardships that nobody reckons;
There are valleys unpeopled and still;
There's a land -- oh, it beckons and beckons,
And I want to go back -- and I will.
They're making my money diminish;
I'm sick of the taste of champagne.
Thank God! when I'm skinned to a finish
I'll pike to the Yukon again.
I'll fight -- and you bet it's no sham-fight;
It's hell! -- but I've been there before;
And it's better than this by a damsite --
So me for the Yukon once more.
There's gold, and it's haunting and haunting;
It's luring me on as of old;
Yet it isn't the gold that I'm wanting
So much as just finding the gold.
It's the great, big, broad land 'way up yonder,
It's the forests where silence has lease;
It's the beauty that thrills me with wonder,
It's the stillness that fills me with peace.
Yukon Prospectors:
http://www.emr.gov.yk.ca/mlv_jump.html
www.ivarkreuger.com/metalcharts.htm
www.emr.gov.yk.ca/1638.html#United_Keno_Hill_Mines
http://www.explorenorth.com/
http://www.explorenorth.com/library/linksoftheweek/bestofweek.html
http://www.emr.gov.yk.ca/
BC & Yukon Chamber of Mines -
British Columbia -
http://www.bc-mining-house.com/
The BC & Yukon Chamber of Mines supports and promotes the mineral exploration community and related services.
Roundup is the World's LARGEST technical mineral exploration conference -
http://www.amebc.ca/
FORTYMILE / MICKEY PLACER GOLD PROSPECT - and other - for option, joint venture or sale -
Contact: Grant Allen, Box 31486, Whitehorse, Y.T., Y1A 6K8,
Ph. 867-668-3367 - email: gallan@northwestel.net
World Resource Investment Conference -
June 7 - 8, 2008
Vancouver Convention and Exhibition Centre
http://www.cambridgehouse.ca/index.html
http://www.cambridgehouse.ca/ch_register.html
http://www.wildernessinquiry.org
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