Geology

Aker BP awarded 27 licenses in APA 2023

Retrieved on: 
Tuesday, January 16, 2024

LYSAKER, Norway., Jan. 16, 2024 /PRNewswire/ -- The Norwegian authorities are offering Aker BP ownership interest in 27 exploration licenses on the Norwegian continental shelf in the APA 2023 licensing round.

Key Points: 
  • LYSAKER, Norway., Jan. 16, 2024 /PRNewswire/ -- The Norwegian authorities are offering Aker BP ownership interest in 27 exploration licenses on the Norwegian continental shelf in the APA 2023 licensing round.
  • For 17 of the licenses Aker BP is also granted operatorship.
  • It reflects our comprehensive application and gives us a foundation for maintaining our ambitious exploration strategy," says Per Øyvind Seljebotn, SVP Exploration and Reservoir Development in Aker BP.
  • Aker BP is offered exploration acreage in all areas of the Norwegian continental shelf, the North Sea, the Norwegian Sea and the Barents Sea.

Stearman Generates New Drill Targets

Retrieved on: 
Friday, January 12, 2024

VANCOUVER, British Columbia, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Stearman Resources Inc. (CSE: STMN) (“Stearman” or the “Company”) is pleased to announce that the work performed by ALS Goldspot Discoveries Inc. (“ALS Goldspot”), previously announced on November 21, 2023, on the Company’s Miniac Property (the “Property”) has resulted in the generation of new drill targets as well as a new interpretation of the underlying geology.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Stearman Resources Inc. (CSE: STMN) (“Stearman” or the “Company”) is pleased to announce that the work performed by ALS Goldspot Discoveries Inc. (“ALS Goldspot”), previously announced on November 21, 2023, on the Company’s Miniac Property (the “Property”) has resulted in the generation of new drill targets as well as a new interpretation of the underlying geology.
  • As shown on Figure 2, the Company presents a new geological interpretation and newly generated drill targets which are designed to target previously untested zones of the massive sulphide horizon known to exist on the Property.
  • In the race to make discoveries, ALS GoldSpot produces Smart Targets and advanced geological modelling that saves time, reduces costs and provides accurate results.
  • This geophysical campaign marks the first time that property-wide, closely-spaced, high-resolution geophysics will be performed on the Property, the goal of which is to generate new drill targets to build on the prospective drilling performed in the past.

Great Pacific Gold Receives Additional High-Grade Assay on Alteration Halo Around Comet Discovery Expanding Intercept, Appoints Dr. Chris Muller to Board and Grants RSU and Stock Options

Retrieved on: 
Thursday, January 11, 2024

Reverse Circulation (RC) hole CRC07 was reported as intersecting 5m at 166 g/t Gold from 95m including 2m at 413 g/t Gold from 96m including 1m at 468 g/t Gold and 1m at 358 g/t Gold.

Key Points: 
  • Reverse Circulation (RC) hole CRC07 was reported as intersecting 5m at 166 g/t Gold from 95m including 2m at 413 g/t Gold from 96m including 1m at 468 g/t Gold and 1m at 358 g/t Gold.
  • Following the announcement of this high-grade gold intercept, the alteration halo outside of the heavily mineralized zone was assayed.
  • The complete assay of the intercept, from 95m, is now 8m at 106 g/t Gold including 5m at 166 g/t Gold including 2m at 413 g/t Gold including 1m at 468 g/t Gold and 1m at 358 g/t Gold.
  • In addition, the options will be exercisable at $0.95 per share for a period of five years from the date of grant.

Skyharbour to Carry Out Winter Diamond Drilling Program Totalling Combined 8,000 Metres at its Russell Lake and Moore Uranium Projects, Saskatchewan

Retrieved on: 
Wednesday, January 10, 2024

Three to four holes, totalling 1,500 metres are planned at the M-Zone Extension target on the Russell Lake Project.

Key Points: 
  • Three to four holes, totalling 1,500 metres are planned at the M-Zone Extension target on the Russell Lake Project.
  • Upcoming Winter Diamond Drilling Program at Moore:
    Skyharbour will conduct a second phase of drilling consisting of 3,000 metres at its high-grade Moore Project upon completion of the drilling at Russell Lake.
  • Skyharbour’s acquisition of Russell Lake creates a large, nearly contiguous block of highly prospective uranium claims totalling 108,999 hectares between the Russell Lake and the Moore uranium projects.
  • A total of 9,595 metres of drilling in 19 holes was drilled in three phases during 2023 by Skyharbour at Russell Lake.

Skyharbour to Carry Out Winter Diamond Drilling Program Totalling Combined 8,000 Metres at its Russell Lake and Moore Uranium Projects, Saskatchewan

Retrieved on: 
Wednesday, January 10, 2024

Three to four holes, totalling 1,500 metres are planned at the M-Zone Extension target on the Russell Lake Project.

Key Points: 
  • Three to four holes, totalling 1,500 metres are planned at the M-Zone Extension target on the Russell Lake Project.
  • Upcoming Winter Diamond Drilling Program at Moore:
    Skyharbour will conduct a second phase of drilling consisting of 3,000 metres at its high-grade Moore Project upon completion of the drilling at Russell Lake.
  • Skyharbour’s acquisition of Russell Lake creates a large, nearly contiguous block of highly prospective uranium claims totalling 108,999 hectares between the Russell Lake and the Moore uranium projects.
  • A total of 9,595 metres of drilling in 19 holes was drilled in three phases during 2023 by Skyharbour at Russell Lake.

Greenridge Exploration Engages Max Investments Inc. for Exploration of its Weyman Copper Project

Retrieved on: 
Wednesday, January 10, 2024

VANCOUVER, British Columbia, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP), is pleased to announce it has engaged Max Investments Inc. (“Max”) to lead exploration activities on the Company’s Weyman Copper Project (the “Project”) in southwest British Columbia.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP), is pleased to announce it has engaged Max Investments Inc. (“Max”) to lead exploration activities on the Company’s Weyman Copper Project (the “Project”) in southwest British Columbia.
  • Max will provide ongoing management and geological services for all upcoming exploration activities at the Project.
  • The Company intends to complete an initial exploration program (the “Program”) consisting of extensive soil and rock sampling throughout the Project.
  • The Max team brings a wealth of copper exploration experience in British Columbia and is an ideal company to lead our exploration efforts."

Radisson Identifies New Gold Target Area with more than 2 km Strike Length at the New Alger Area

Retrieved on: 
Tuesday, January 9, 2024

“We are pleased to share that results from the first phase of our summer 2023 glacial till sampling program at New Alger are very encouraging and have outlined a new target area of interest showing strong potential for gold mineralization over a strike length exceeding 2 km,” commented Radisson’s Geology Director, Vivien Janvier.

Key Points: 
  • “We are pleased to share that results from the first phase of our summer 2023 glacial till sampling program at New Alger are very encouraging and have outlined a new target area of interest showing strong potential for gold mineralization over a strike length exceeding 2 km,” commented Radisson’s Geology Director, Vivien Janvier.
  • The gold mineralization in this area is associated with porphyry intrusions, dykes, and shear zones, highlighting the significant potential for gold mineralization within the Pontiac Group.
  • The Radisson geological team commissioned an initial glacial till sampling program to identify areas with gold endowment.
  • These results are very encouraging and warrant more comprehensive exploration work to assess the potential for additional discoveries.

Latest Lithium Takeover Bid Sparks Speculation on More M&A Activity to Come

Retrieved on: 
Friday, January 12, 2024

VANCOUVER, B.C., Jan. 12, 2024 /PRNewswire/ -- USA News Group  -  A new wave of mergers and acquisitions is on the rise in the lithium sector, in the wake of the latest successful takeover bid of Alpha Lithium Corporation by a leading Latin American energy company, Tecpetrol. After already announcing the acquisition of 102,692,615 common shares (54% equity) at a per-share bid price of C$1.48, Tecpetrol has officially now spent over C$150M on the Alpha transaction. That number could still climb, as the remaining ALLI shareholders have until Oct 31 to accept the offer for themselves, meaning even more lithium shareholders could be flooding the market with new cash to spend on other lithium plays with upside. This latest deal comes in the wake of the mega-merger between Allkem Limited (TSX:AKE) (OTCPK:OROCF) and Livent Corporation (NYSE:LTHM), analysts are turning their eyes toward more M&A activity in the space and other potential near-term takeout targets, such as Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), and Argentina Lithium & Energy Corp. (TSXV:LIT) (OTCQX:LILIF).

Key Points: 
  • In the case of Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), the lithium developer recently announced that it had expanded it's HMN Li Project resource  by 175% .
  • "We are very pleased with our new updated lithium resource at the HMN Li Project," said Fernando Villarroel, Company C.O.O.
  • and Project Manager of Lithium South when the company announced the resource expansion .
  • Now with the entry of Tecpetrol into the space through the successful takeover bid of Alpha Lithium Corporation there's another major player in the scene.

Latest Lithium Takeover Bid Sparks Speculation on More M&A Activity to Come

Retrieved on: 
Friday, January 12, 2024

VANCOUVER, B.C., Jan. 12, 2024 /PRNewswire/ -- USA News Group  -  A new wave of mergers and acquisitions is on the rise in the lithium sector, in the wake of the latest successful takeover bid of Alpha Lithium Corporation by a leading Latin American energy company, Tecpetrol. After already announcing the acquisition of 102,692,615 common shares (54% equity) at a per-share bid price of C$1.48, Tecpetrol has officially now spent over C$150M on the Alpha transaction. That number could still climb, as the remaining ALLI shareholders have until Oct 31 to accept the offer for themselves, meaning even more lithium shareholders could be flooding the market with new cash to spend on other lithium plays with upside. This latest deal comes in the wake of the mega-merger between Allkem Limited (TSX:AKE) (OTCPK:OROCF) and Livent Corporation (NYSE:LTHM), analysts are turning their eyes toward more M&A activity in the space and other potential near-term takeout targets, such as Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), and Argentina Lithium & Energy Corp. (TSXV:LIT) (OTCQX:LILIF).

Key Points: 
  • In the case of Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), the lithium developer recently announced that it had expanded it's HMN Li Project resource  by 175% .
  • "We are very pleased with our new updated lithium resource at the HMN Li Project," said Fernando Villarroel, Company C.O.O.
  • and Project Manager of Lithium South when the company announced the resource expansion .
  • Now with the entry of Tecpetrol into the space through the successful takeover bid of Alpha Lithium Corporation there's another major player in the scene.

Agreements worth SAR27 billion riyals signed on first day of FMF24

Retrieved on: 
Wednesday, January 10, 2024

RIYADH, Saudi Arabia, Jan. 10, 2024 /PRNewswire/ -- The first day of the third edition of Future Minerals Forum (FMF) saw the signing of 20 agreements and memorandums of understanding worth a total of SAR27 billion riyals between government agencies, companies and other organizations participating in the Forum.

Key Points: 
  • RIYADH, Saudi Arabia, Jan. 10, 2024 /PRNewswire/ -- The first day of the third edition of Future Minerals Forum (FMF) saw the signing of 20 agreements and memorandums of understanding worth a total of SAR27 billion riyals between government agencies, companies and other organizations participating in the Forum.
  • These included agreements connected with mining exploration, technology and communications, as well as the application of sustainability standards, localization, qualification and industrialization in the minerals sector.
  • Sulaiman Al-Mazrou, CEO of the National Industrial Development and Logistics Services Program.
  • Over the course of two days, the Forum will address some of the most pressing issues for the minerals sector.