Technical report

EQS-News: North Peak's Upcoming Drill Program to Target Gold on Prospect Mountain North; Drilling Plans Close to Being Finalized and Weather Improving

Retrieved on:

Wednesday, April 10, 2024

Technical report, Technical, Gold, National instrument, Weather, Prospect Mountain, Homestake Mining Company, Peak, Qualified person (European Union), NPR, Jet fuel

Eureka, Nevada--(Newsfile Corp. - April 9, 2024) - North Peak Resources Ltd. (TSXV: NPR) (the "Company" or "North Peak") is finalizing plans for its upcoming drilling campaign on its Prospect Mountain Property in Eureka, Nevada (the "Property" or "Prospect Mountain") which is expected to consist of up to 15,000 feet of R/C drilling with 20-30 holes targeting the gold zones on patented claims in the Wabash and Delaware/Madrid areas located in the northern portion of the Property ("Prospect Mountain North") (see Figure 1 below). Drilling at Prospect Mountain North will be at select areas around the former high-grade Williams, Wabash and Chicago gold mines, and the Wabash area which had 91 holes for 27,615 feet of vertical RC drilling completed in 1998/1999 when the gold price was much lower (see Figure 2 below). The campaign is also expected to include follow-up on a drill hole drilled by Homestake Mining that returned very promising gold assays; it is a lone hole located in the eastern portion of the Property with no other historic drilling activity nearby (see Figure 3 below).

Key Points:

North Peak's Upcoming Drill Program to Target Gold on Prospect Mountain North; Drilling Plans Close to Being Finalized and Weather Improving
The issuer is solely responsible for the content of this announcement.
Prospect Mountain contains both patented and unpatented land claims and hosts some 15-20 former underground gold mines close to surface as well as around 11 miles of underground tunnels.
Figure 1: Map view showing Prospect Mountain North and eastern part of Property referenced in press release.
To view an enhanced version of this graphic, please visit:
Figure 2: North Area - Section view looking North.

EQS-News: North Peak's Upcoming Drill Program to Target Gold on Prospect Mountain North; Drilling Plans Close to Being Finalized and Weather Improving

Retrieved on:

Wednesday, April 10, 2024

Technical report, Technical, Gold, National instrument, Weather, Prospect Mountain, Homestake Mining Company, Peak, Qualified person (European Union), NPR, Jet fuel

Eureka, Nevada--(Newsfile Corp. - April 9, 2024) - North Peak Resources Ltd. (TSXV: NPR) (the "Company" or "North Peak") is finalizing plans for its upcoming drilling campaign on its Prospect Mountain Property in Eureka, Nevada (the "Property" or "Prospect Mountain") which is expected to consist of up to 15,000 feet of R/C drilling with 20-30 holes targeting the gold zones on patented claims in the Wabash and Delaware/Madrid areas located in the northern portion of the Property ("Prospect Mountain North") (see Figure 1 below). Drilling at Prospect Mountain North will be at select areas around the former high-grade Williams, Wabash and Chicago gold mines, and the Wabash area which had 91 holes for 27,615 feet of vertical RC drilling completed in 1998/1999 when the gold price was much lower (see Figure 2 below). The campaign is also expected to include follow-up on a drill hole drilled by Homestake Mining that returned very promising gold assays; it is a lone hole located in the eastern portion of the Property with no other historic drilling activity nearby (see Figure 3 below).

Key Points:

North Peak's Upcoming Drill Program to Target Gold on Prospect Mountain North; Drilling Plans Close to Being Finalized and Weather Improving
The issuer is solely responsible for the content of this announcement.
Prospect Mountain contains both patented and unpatented land claims and hosts some 15-20 former underground gold mines close to surface as well as around 11 miles of underground tunnels.
Figure 1: Map view showing Prospect Mountain North and eastern part of Property referenced in press release.
To view an enhanced version of this graphic, please visit:
Figure 2: North Area - Section view looking North.

Tudor Gold Announces Filing of NI 43-101 Technical Report on the Updated Mineral Resource Estimate for the Goldstorm Deposit at the Treaty Creek Project, British Columbia

Retrieved on:

Monday, April 8, 2024

JDS, Technical report, MRE, AG, Resource, Report, Rare-earth element

Vancouver, British Columbia--(Newsfile Corp. - April 8, 2024) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") pleased to announce the filing of the technical report (the "Report") for the updated Mineral Resource Estimate on the Goldstorm Deposit (the "MRE" or "2024 Treaty Creek MRE") at its flagship Treaty Creek Project (the "Project") located in the Golden Triangle region of British Columbia.

Key Points:

Vancouver, British Columbia--(Newsfile Corp. - April 8, 2024) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") pleased to announce the filing of the technical report (the "Report") for the updated Mineral Resource Estimate on the Goldstorm Deposit (the "MRE" or "2024 Treaty Creek MRE") at its flagship Treaty Creek Project (the "Project") located in the Golden Triangle region of British Columbia.
The Report is entitled "NI 43-101 Technical Report, Treaty Creek Project, British Columbia", with an effective date of April 5, 2024 and was prepared for Tudor Gold by Garth Kirkham Geosystems and JDS Energy & Mining Inc. ("JDS").
The Report is available under the Company's profile on SEDAR at www.sedar.com or from the Company's website at www.tudor-gold.com .
Table 1: Summary of Indicated and Inferred Mineral Resources as of February 20, 20241-6

Rockridge Receives Exploration and Drilling Permit for its Flagship Knife Lake Copper Project in Saskatchewan

Retrieved on:

Tuesday, April 9, 2024

Technical report, Silver, Project, Geology, History, Zinc, VMS, Copper, Gold, News, National instrument, Donald Duck filmography, Cobalt, Mining

Vancouver, BC, April 09, 2024 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK ) (OTCQB: RRRLF ) (Frankfurt: RR0 ) (“Rockridge” or the “Company”) is pleased to announce that it has received an Exploration Permit for its 100% owned Knife Lake Copper Project located in Saskatchewan, Canada (the “Knife Lake Project” or “Property”).

Key Points:

Vancouver, BC, April 09, 2024 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK ) (OTCQB: RRRLF ) (Frankfurt: RR0 ) (“Rockridge” or the “Company”) is pleased to announce that it has received an Exploration Permit for its 100% owned Knife Lake Copper Project located in Saskatchewan, Canada (the “Knife Lake Project” or “Property”).
The Knife Lake Project, consisting of 82 claims totaling 56,865 hectares (140,516 acres), is an advanced-stage copper, silver, zinc and cobalt exploration property in Saskatchewan host to the Knife Lake Deposit.
Knife Lake VMS Project Location Map:
Specifically, the permit covers mineral exploration activities including prospecting, mapping, ground/airborne geophysical surveys, drilling up to 70 drill holes, and storing core.
We have identified some key targets for further exploration and we are planning future drilling at the high-grade Knife Lake Project."

Rio2 Announces Receipt of RCA Resolution for the Fenix Gold Project & C$10 Million Private Placement

Retrieved on:

Monday, April 8, 2024

VANCOUVER, British Columbia, April 08, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) today announces that its Chilean subsidiary, Fenix Gold Limitada (“Fenix Gold”), has received the formal Resolución de Calificación Ambiental (Environmental Qualification Resolution, or RCA) for its Fenix Gold Project (the “Project”) located in the Maricunga Mineral Belt of the Atacama Region, Chile.

Key Points:

The RCA has been issued following the approval of the Project’s Environmental Impact Assessment previously announced on December 20, 2023.
The receipt of the RCA now allows Fenix Gold to advance permitting activities for the Project.
The current timing for receipt of these principal permits is by the end of July 2024.
The Company is seeking to finance a substantial component of the initial capital costs by way of Project related debt.

Foremost Lithium Confirms 25.92 Metres of Lithium Mineralization Including 1.09% Li2O Across 10 Metres at its Zoro Property, Manitoba Canada

Retrieved on:

Monday, April 8, 2024

Lithium, Technical report, Dyke, Growth, Snow, Regulation

VANCOUVER, British Columbia, April 08, 2024 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, is pleased today to provide a drilling progress update for its 2024 winter drill program on its Zoro Property located in the Snow Lake region of Manitoba. The Company reports that 2 holes targeting Dyke 1 (see figure 1 below) have been completed with assay results confirming lithium mineralization spanning a cumulative length of 25.92m. Highlights in drill holes FL24-009 and FL24-010 include 1.52% Li2O over 5.02 m and 1.09% Li2O over 9.88 m. Dyke 1 hosts the Company's maiden inferred resource of 1,074,567 tons at a grade of 0.91% Li2O, with a cut-off grade of 0.3%, as outlined in the Company’s filed Regulation SK-1300 Technical Report Summary (2023) and NI-43-101 Technical Report (2018).

Key Points:

The Company reports that 2 holes targeting Dyke 1 (see figure 1 below) have been completed with assay results confirming lithium mineralization spanning a cumulative length of 25.92m.
“We are very encouraged as we continue to expand the lithium mineralization on our maiden resource,” states Jason Barnard, President and CEO of Foremost Lithium.
“Foremost Lithium is striving to become a premier supplier of North America’s lithium feedstock.
Results include:
These intersections mark a development in the understanding of the Dyke 1 spodumene pegmatite, revealing previously untested mineralization at depth.

Bessor Announces Entering Option for the Easter Gold Project

Retrieved on:

Thursday, April 4, 2024

Indian stock exchange, Leapfrog, National Instrument 43-101, SRK, Silver, Mineral Resources Limited, Corporation, Option, Gold, National instrument, Technical report, CIM, Contract management, Uranium mining

The grade shell was used to constrain the resource estimation within a block model constructed with 15ft cubic blocks.

Key Points:

The grade shell was used to constrain the resource estimation within a block model constructed with 15ft cubic blocks.
We are excited to move forward with the Easter Gold Project as it met all of our key criteria: an advanced exploration asset with a historical resource estimate, in a top jurisdiction, and a pathway to grow with further drilling.”
Pursuant to the Option Agreement, in order to earn a 60% interest in the Easter Gold Project, Bessor must spend $5,000,000 on work at the Easter Gold Project, deliver 5,000,000 common shares in the capital of Bessor (“Common Shares”) to K2 and pay a total amount of $1,800,000 to K2.
The first-year requirement is $400,000 cash, 2,500,000 Common Shares and $1,000,000 of work performed on the Easter Gold Project (commenced only), with the balance of the earn-in requirements spread over another 3 years.
The work obligations and cash and Common Share payments that are payable by Bessor to K2 under the Option Agreement are set out below:

Lancaster Resources Closing of Spin-Off of Nelson Lake Copper Corp.

Retrieved on:

Tuesday, April 2, 2024

Technical report, Technical, Disclosure, Security (finance), Metallurgy, Arrangement, LCR

VANCOUVER, British Columbia, April 02, 2024 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) (“Lancaster” or the “Company”) and Nelson Lake Copper Corp. (“Nelson”) announce that the plan of arrangement previously announced on January 30, 2024 (the “Arrangement”), including the spin-off of Lancaster’s wholly-owned subsidiary, Nelson, closed today.

Key Points:

VANCOUVER, British Columbia, April 02, 2024 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) (“Lancaster” or the “Company”) and Nelson Lake Copper Corp. (“Nelson”) announce that the plan of arrangement previously announced on January 30, 2024 (the “Arrangement”), including the spin-off of Lancaster’s wholly-owned subsidiary, Nelson, closed today.
Following the transaction, Lancaster continues to own 703,731 common shares of Nelson, and Nelson is now a separate unlisted “reporting issuer” in each of British Columbia, Alberta, Saskatchewan, and Ontario.
Nelson owns 100% of the Nelson Lake Copper Project, which consists of 1 mining claim covering a contiguous block of 5,746 hectares in Saskatchewan (the “Nelson Lake Copper Project”).
More detailed information about the Nelson Lake Copper Project is contained in the Technical Report entitled, Nelson Lake Copper Property, Saskatchewan Canada dated February 1, 2024, prepared by Nikolay Bashaev, Sc., P.Geo, and Fallon Clarke, B.Sc., P. Geo, of APEX Geoscience Ltd., of Edmonton, Alberta, Canada (the “Technical Report”).

Aura Reports Updated Mineral Reserves and Mineral Resources

Retrieved on:

Tuesday, April 2, 2024

The charts below show changes in P&P Mineral Reserves, M&I Mineral Resources and Inferred Mineral Resources for the Aranzazu Mine as of December 31, 2023 compared to December 31, 2022.

Key Points:

The charts below show changes in P&P Mineral Reserves, M&I Mineral Resources and Inferred Mineral Resources for the Aranzazu Mine as of December 31, 2023 compared to December 31, 2022.
The charts below show changes in P&P Mineral Reserves Estimates, M&I Mineral Resources Estimates and Inferred Mineral Resources Estimates for Apoena as of December 31, 2023, compared to December 31, 2022.
Mineral Reserves estimated by Aura total approximately 34.5 Mt in P&P Mineral Reserves at an average grade of 0.50 g/t Au.
Borborema also showcases a strong Mineral Reserve base, with Probable Mineral Reserves of 812,000 oz gold, and an extensive Mineral Resource profile with strong growth potential that consists of 2,077 koz of indicated Mineral Resources and 393 koz of Inferred Mineral Resources.

Discovery Files NI 43-101 Technical Report for the Cordero Project Feasibility Study

Retrieved on:

Monday, April 1, 2024

Technical report, Environment, National Instrument 43-101, WSP, Technical, News, Feasibility study, National instrument, TSX, OTCQX

TORONTO, April 01, 2024 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced it has filed on SEDAR its National Instrument 43-101 (“NI 43-101”) technical report entitled: Cordero Silver Project, Technical Report & Feasibility Study dated February 16, 2024 (the “Technical Report”), in respect of Discovery’s Cordero deposit in Mexico.

Key Points:

TORONTO, April 01, 2024 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced it has filed on SEDAR its National Instrument 43-101 (“NI 43-101”) technical report entitled: Cordero Silver Project, Technical Report & Feasibility Study dated February 16, 2024 (the “Technical Report”), in respect of Discovery’s Cordero deposit in Mexico.
The report was authored by Ausenco Engineering Canada ULC, with support from AGP Mining Consultants Inc., WSP USA Environment and Infrastructure Inc. and RedDot3D Inc.
The filing of the Technical Report follows the Company’s news release issued on February 20, 2024 (entitled: Positive Feasibility Results Establish Cordero as One of the World’s Leading Development-Stage Silver Projects), which outlined the key inputs, assumptions and results from the Feasibility Study.