14th July 2025 North America Newsletter
Featured News
Fathom appoints Coutts
Fathom Nickel (CSE:FNI) appointed Alan Coutts to its board. Coutts led Noront Resources for 10 years, concluding with the sale of the company to Wyloo Metals in 2022 for US$650M.
“I’m joining the Fathom Nickel Board of Directors because I see a lot of the hallmarks of an emerging nickel district in the properties that Ian and his team have assembled in northeastern Saskatchewan”. Fathom holds an impressive package of ground in a favourable mining jurisdiction, complete with identified nickel showings, deposits and a past producing property in the same Proterozoic belt that hosts Raglan and Thompson nickel complexes” – Alan Coutts.
Government Support
MP Materials (NYSE:MP)
DoD provided a 10-year NdPr price floor commitment and 10-year magnet offtake agreement to build on MP capabilities at Mountain Pass in California and magnetics operations in Texas to build the “10X” magnet manufacturing facility. With capacity to reach an estimated 10,000tpy. MP also expects to add additional heavy rare earth separation capabilities at Mountain Pass. “This initiative marks a decisive action by the Trump administration to accelerate American supply chain independence,” said founder, chair & and CEO James Litinsky.
Northern Dynasty Minerals (TSX:NDM)
Said it is negotiating with the US EPA to explore a potential settlement for its Pebble polymetallic project in Alaska. A July 3 EPA court filing said “agency officials remain open to reconsideration, and … are negotiating to explore a potential settlement,” as it requested the court extend the abeyance for an additional 14 days, with a status report due on July 17. Shares in NDM jumped 25% Friday to C$2.40. Native American communities in southwest Alaska filed a lawsuit against the EPA in June for stopping the development of Pebble, a project that has faced resistance for years due to concerns about how it will affect local waterways, ecosystems, and indigenous communities in the Bristol Bay region. The EPA vetoed the project in January 2023 under the Clean Water Act, fearing it would have “unacceptable adverse effects” on the Bristol Bay watershed ecosystem, in contradiction to the environmental impact statement published by the US Army Corp of Engineers in July 2020. Pebble could produce 320Mlb/y Cu, 368koz/y Au, 15Mlb/y Mo, 1.8Moz/y Ag & 1t/y Re. “We are pleased to be in discussions with the EPA, because we see this as the fastest path forward for withdrawal of the veto. They have asked for additional information to assist in finalising that decision,” said Northern Dynasty chief executive Ron Thiessen.
Titan Mining (TSX:TI)
Said US EXIM approved a US$15.8M financing to fund expanding Zn production and advancing its critical minerals portfolio in St. Lawrence County, New York, including the development of the the first integrated natural flake graphite operations in the US since 1956. This is EXIM’s first direct mining transaction under the Make More in America Initiative. The seven-year term includes a two-year interest-only grace period.
Augusta Gold (TSX:G)
Said US EXIM issued a LOI of up to US$50M in financing under its “Make More in America” initiative for the development of Augusta’s Reward Au project in Nevada. The non-binding LOI outlines EXIM’s interest in providing a competitively priced loan for over 50% of the project construction cost with a potential 10-year repayment term, including an interest-only period.
Canada to fast-track projects
Canada passed Bill C-5, the ‘One Canadian Economy Act’, that will allow for the fast-tracking of resource projects despite First Nations and environmental protection agencies objections. The aim is for projects to complete federal review within two years. The process will be led by a new Federal Major Projects Office.
Money Movements
Summit RTO with Eagle
Agreed to a RTO of Eagle Royalties (CSE:ER) to add to its recent acquisition of a portfolio from IAMGOLD (TSX:IMG). The exchange ratio implies an estimated consideration of 18c per Eagle share, a premium of 47% over its closing price the day before. Upon closing, Summit shareholders will own 80% and ER shareholders 20% of the resulting company, which will be called Summit Royalty. “We are excited to announce this RTO with Eagle as we move toward a public listing and the combination of two strong royalty portfolios,” Summit Royalty president Drew Clark said. ERs portfolio includes 0.5% to 2% NSR royalties on portions of Banyan Gold’s 7Moz AurMac Au project in Yukon, at the Powerline and Airstrip deposit areas, and over 35 other royalty interests. In June, Summit bought a portfolio of cash-flowing royalties and streams from IMG for US$17.5M, including a 50% Ag stream on Orezone Gold’s (TSX:ORE) Bomboré mine in Burkina Faso, and an $80/oz production royalty on the first 250koz Au sold from Jaguar Mining’s (TSX:JAG) Pitangui development project in Minas Gerais, Brazil, and a 1.5% NSR royalty thereafter.
Arizona Sonoran buys back royalty
Arizona Sonoran Copper (TSX:ASCU) exercised rights to buy-down 0.64% of certain NSR royalties on the Cactus Cu project in Arizona. Cash payments of US$8.91M will be made to Royal Gold (RLGD:NASDAQ) and Elemental Altus Royalties (ELE:TSXV), to reduce the aggregate percentage of the NSRs from 3.18% to a 2.54%. The buy-downs are expected to close on or about August 12th. The remaining 2.54% NSR applies to the Cactus West and Cactus East deposits, and a portion of the Parks/Salyer deposit. “The collective reduction of Cactus royalties will be a strategic milestone, set to strengthen project economics, optimize future cash flows and return Cu price upside to our shareholders. Having just completed the $51.75M bought deal financing, we now have the necessary runway to advance Cactus through PFS and then FS to an eventual FID, potentially in 4Q26,” said president & CEO George Ogilvie.
ASCU also raised C$5.8M as Hudbay Minerals (TSX:HBM) exercised its pre-emptive rights to maintain its stake in the company.
TMC raised US$85.2M
The Metals Company (Nasdaq:TMC) said leading non-ferrous metal refining and precursor Cathode Active Material (pCAM) technology company, Korea Zinc, agreed to make a US$85.2M strategic investment of 19.6M @ $4.34 with a three-year warrant to purchase 6.9M shares @ $7. Korea Zinc is evaluating a bulk sample of nodule material supplied by TMC under a LOI to validate intermediate processing and refining pathways. “We believe the strategic fit between the two companies is exceptional: If we receive a commercial recovery permit, TMC will be in position to deliver a secure, abundant and low-impact supply of four critical metals under US regulatory oversight, said chair & CEO Gerard Barron.
Perpetua to raise US$300M
Perpetua Resources (Nasdaq:PPTA) agreed to a bought deal of 22.7M shares @ US$13.20 for proceeds of $300M. Paulson & Co also agreed to purchase $100M shares in a private placement at the same price. Proceeds will be used as part of a comprehensive financing package for the development of the Stibnite Au project in Idaho.
IsoEnergy to raise C$50M
IsoEnergy (TSX:ISO) agreed to a bought deal of 5M shares @ C$10 for proceeds of C$50M. Proceeds will be used to fund the continued development and further exploration of ISOs mineral properties.
Hycroft upsizes to US$43.75M
Hycroft Mining (Nasdaq:HYMC) announced an upsized underwritten offering of 12.5M units @ US$3.50 for proceeds of $43.75M. Each unit will be comprised of one share and half a warrant exercisable @ $4.20 for three years. Proceeds will be used for exploration.
Scottie to raise C$16.8M
Scottie Resources (TSXV:SCOT) said Ocean Partners entered into a binding term sheet to provide a commercial offtake agreement, equity, and make available a construction loan and overrun facility to advance the Scottie DSO project in British Columbia towards production. It includes commercial offtake for 100% production for first eight years of commercial production, an equity investment of US$6M translating into C$8.4M in charitable flow through funding, and a US$25M construction loan and overrun facility bearing interest at SOFR + 7%. A PEA is due later this year. “Ocean Partner’s recognition and commitment to Scottie’s DSO project is strong validation of the robust economics inherent to the project, and Scottie’s plan to develop the mine,” said CEO Brad Rourke.
SCOT also announced a C$16.8M non-brokered private placement with a lead order of $6M translating to $8.4M in charitable flow-through funding to be provided by Ocean Partners consisting of 11M charitable flow-through shares @ $1.23 for proceeds of $13.5M of which Ocean Partners will receive 6.8M shares, and a non-brokered private placement of 3.75M shares @ 88c for proceeds of $3.3M. Proceeds will be used for development of Scottie.
Dolly Varden raised C$28.8M
Dolly Varden Silver (TSXV:DV) raised C$28.8M through the sale of 2.4M shares @ C$4.60 for proceeds of $11.2M, 1.1M charity flow-through shares @ $6.65 for $7.5M, 1.7M flow-through shares @ $5.75 for $10M, and the full exercise of the underwriters’ option for $3.75M. Proceeds Shares will be used for further exploration, mineral resource expansion and drilling at the Kitsault Valley Ag project in British Columbia.
Goliath raised C$23M
Goliath Resources (TSXV:GOT) said that in addition to its closed C$23M charity flow-through share bought deal financing of 7.3M shares @ C$3.17 it closed a concurrent non-brokered financing of 1.3M charity flow-through shares at the same price for $4.1M for a combined $27.1M. Proceeds will be used to advance exploration of the Golddigger-Surebet project.
Thesis raised C$27.5M
Thesis Gold (TSXV:TAU) raised C$27.5M in an upsized offering of 5.8M flow-through shares @ $1.56 for $9M, 11.1M flow-through shares @ $1.445 for $16.1M and 1.9M flow-through shares @ $1.30 for $2.5M. Existing shareholder Centerra Gold participated. Proceeds will be used for exploration at the Lawyers Ranch project in British Columbia.
Revival to raise C$25M
Said specialist resources private equity manager EMR Capital Management agreed to purchase 28.5M shares @ 48c for proceeds of US$10M to take a 10.86% stake. RVG also intends to complete a non-brokered private placement of 21.5M shares to raise C$10.32M. “The addition of EMR to RVGs roster has paved the way to a significant cash injection into the business and secures a strong financial partner with whom the company can advance towards future Au production,” said president & CEO Hugh Agro.
Talisker raised C$14M
Talisker raised (TSX:TSK) closed a non-brokered private placement for C$14M comprised of 27.9M units @ 50c. Each unit consists of one share and half a warrant exercisable @ 75c for three years. Proceeds will be on the Bralorne Au project in British Columbia.
1911 to raise C$11.5M
1911 Gold (TSXV:AUMB) agreed to a bought deal to raise C$11.5M via 2.5M non flow through shares @ 20c, 2.9M flow-through shares @ 34.2c, 26M flow-through shares @ 28.8c and 10.2M flow-through shares @ 24.6c.
Maritime to raise C$10M
Maritime Resources (TSXV:MAE) opened a best efforts private placement of 8.85M shares @ C$1.13 for proceeds of $10M. Proceeds will be used for exploration and development of projects in Newfoundland and Labrador, and repaying the balance of a US$5M in senior secured notes.
Generation to raise C$10M
Generation Mining (TSX:GENM) agreed to a bought deal private placement of 27M units @ 37c for proceeds of C$10M. Each unit will consist of one share and half a warrant exercisable @ 48c for three years. Proceeds will be used for development of the Marathon project.
Surge to raise C$10.4M
Surge Copper (TSXV:SURG) upsized a non-brokered financing from C$6.4M to $10.4M comprising 19.2M shares @ 17.5c for proceeds of $3.4M under the LIFE listed issuer financing exemption, up to 9.4M charity flow-through shares @ 26.5c for proceeds of $2.5M and a concurrent private placement of 25.8M shares @ 17.5c by an existing strategic investor to increase their participation to 19.9%. Proceeds will fund engineering, environmental, and early-stage permitting activities at the Berg project in British Columbia.
Headline Gold News
Aris Mining (TSX:ARIS)
Agreed to sell its Juby project and 25% JV interest in the adjacent Knight property in Ontario to McFarlane Lake Mining (CSE:MLM) for US$22M. This includes $10M in cash on closing and the balance in MLM stock up to a maximum of 19.9% of its shares, issued at the price of MLMs concurrent equity financing, and an additional payment, if required to reach the total. The transaction is conditional on MLM raising at least $10M from a concurrent financing. “This acquisition transforms our junior Au exploration company into a Au exploration and development company,” said MLM chair & CEO Mark Trevisiol.West Red Lake Gold Mines (TSXV:WRLG)
Reported the death of an employee working underground at its Madsen Mine in Red Lake, Ontario, where mining officially restarted in May. Mining and milling resumed following a two-day shutdown. WRLG said that as mining ramps up, the mill head grade has increased from about 3g/t Au to 6.5g/t Au as stope material increased in proportion to sill material, to levels comparable to the recent Madsen mine bulk sample. The mill has averaged 650tpd 95% Au recovery.IAMGOLD (NYSE:IAG)
Said its Côté Au mine in Ontario reached the milestone of the processing plant operating at the nameplate capacity of 36,000tpd over 30 consecutive days. IAG has guided production of 360-400koz this year on a 100% basis.B2Gold (TSX:BTO)
Poured the first Au from its Goose mine in Nunavut after first ore was introduced in June. BTO estimate 2025 production of 120-150koz and average production for the initial full six years of operations of 300koz/y.Alamos Gold (TSX:AGI)
Completed a base case life of mine plan on its Island Gold District operation in Ontario. Highlights include average production of 411koz/y from 2026 and over the initial 12 years, a 43% increase, and 306koz/y over the 20-year reserve life; AISC of US$915/oz over the initial 12 years, a 19% decrease, and Average $1,003/oz over the LOM; a 48% increase in reserves to 6.3Moz @ 2.23g/t. The LOM plan is based on milling rates of 12,400tpd, with the expansion study in 4Q25 to include rates between 18-20ktpd. “We expect this to include a larger reserve through ongoing resource conversion, and a potential further expansion up to 20ktpd, supporting an even larger, more valuable, and profitable operation,” said president & CEO John McCluskey.AGI also reported results from underground and surface drilling at Island that continues to extend high-grade Au mineralization, as well as within several hanging wall and footwall structures. Highlights included 5.07m @ 21.58g/t Au at Island West (C-Zone). “Island Gold’s reserve base has increased for 12 consecutive years. … This growth highlights the significant near-term upside opportunities we expect to incorporate into the expansion study which we expect to release later this year,” said McCluskey.
Spanish Mountain Gold (TSXV:SPA)
Announced a PEA and updated resource for a conventional open pit and milling operation at the Spanish Mountain project in British Columbia. The project will produce 203koz/y of Au in the first five years at an AISC of US$1,024/oz and 122koz/y over a 24.5-year LOM at an AISC of $1,338/oz. It will yield abase case after-tax NPV of C$1B at a 5% discount rate with an IRR of 18.2% at $2,450/oz A, with a 3.4-year payback following C$1.3B capex. At US$3,300/oz Au, these improve to C$2.3B, 32% and two years. Spanish Mountain features a M&I resource of 292.1Mt @ 0.44g/t Au & 0.66g/t Ag containing 4.2Moz Au & 6.2Moz Ag at a 0.15g/t cut-off. “With over 235km of drill information our confidence in the resource quality and proposed mine confirm our strategy to advance the project towards feasibility and ultimately a build decision by 2027,” said president & CEO Peter Mah.TDG Gold (TSXV:TDG)
Entered into an all-stock amalgamation agreement with Anyox Copper that holds the former producing Anyox Cu project in the Toodoggone District of British Columbia, at a deemed price of 60c per share. Upon completion, Anyox shareholders will hold 20% of the company. TDG also entered into an agreement for a bought deal private to raise C$25M comprising 15M non-flow-through shares @ 60c, 11.7M non-critical minerals charity flow-through shares @ 84c and 6.7M critical minerals charity flow-through shares @ 93c. Skeena resources (TSX:SKE) intends to subscribe for 6.7M shares at $0.60 for proceeds of $4M to increase its pro-forma ownership to 11%.Equinox Gold (TSX:EQX)
Updated its 2025 production and cost guidance following its combination with Calibre Mining in June, and the slower-than-planned ramp-up at the Greenstone mine in Ontario. EQX expects pro forma full-year production of 785-915koz at an AISC of US$1,800-1,900/oz. “Mine productivity and equipment availability, particularly with the primary loading fleet, have fallen short of plan [at Greenstone], impacting mining rates and delaying access to higher-grade ore zones. Further, year-to-date mined grades have been below expectations, in part due to higher-than-anticipated dilution,” said president & CEO Greg Smith.Troilus Gold (TSX:TLG)
Agreed indicative commercial offtake terms with Aurubis for the offtake of Cu-Au concentrate expected to be produced from the Troilus project in Quebec. A binding offtake is expected to be executed in connection with the completion of the project’s broader debt financing package of up to US$700M. Troilus is expected to produce 135.4Mlb/y CuEq or 75,000 wet tonnes of concentrate containing Cu, Au & Ag.TLG also filed the ESIA for Troilus with the Governments of Canada and Québec. Final decisions are anticipated by year-end 2026.
TLG also announced final assays from the Southwest Zone, which confirmed and extended the continuity of higher-grade material within the reserve pit that encompasses years 1-5 of the mine plan. Highlights included 2m @ 78.21g/t Au, 5.95g/t Ag & 0.06% Cu for a 78.38g/ AuEq in hole 678. The next phase of drilling will target further high-grade extensions and drilling of conceptual targets outside the mine plan. “The 2025 drill campaign delivered exactly what we set out to achieve in providing greater confidence in the block model and the discovery of additional high grade mineralization,” said CEO Justin Reid.
Snowline Gold (TSXV:SGD)
Announced a PEA for 340koz/y production from its Valley deposit in Yukon over 20 years at an AISC of US$844/oz, and 544koz/y for the first five full years of production. It will yield a C$3.37B after-tax NPV at a 5% discount rate at a US$2,150/oz Au price, increasing to C$6.8B at US$3,150/oz, with an IRR of 25%, increasing to 37%, and a 2.7- year payback decreasing to 2.1 years following a C$1.7B initial capital investment. The PEA envisions a conventional open pit mining and 25,000tpd milling operation. “The rare combination of high margins and large scale makes for a robust asset with stability through a wide range of market conditions. The low strip ratio and strong Au grades enhance project economics by increasing mining efficiency while reducing the overall project footprint,” said CEO Scott Berdahl.SGD also announced the discovery of a reduced-intrusion related Au system (RIRGS) on its Cynthia project that covers several zones of Au-bearing, densely sheeted quartz veins exposed in a 4.5 x km granodiorite intrusion 27km from Valley. Grab samples of quartz vein material returned up to 11.7g/t, while a continuous 4m chip sample across an exposed outcrop returned 1.09g/t. Celestic may see initial drilling in 2025. “That we are still finding large, exposed, untested, and previously unknown reduced-intrusion related Au systems near our Valley deposit highlights the underexplored nature of this prospective district,” said Berdahl.
Banyan Gold (CVE:BYN)
Added a high-grade element to its AurMac Au project in Yukon with 4.5Moz at just under 1g/t as part of a resource update that increases total resources to 7.72Moz in all categories. AurMac hosts an indicated resource of 46.4Mt “@ 0.92g/t for 1.4Moz and an additional 3.1Moz in inferred resources, at a 0.55gpt cut-off grade and US$2050/oz Au price. BYN aims to complete a PEA before year end for a 2500-3500tpd operation, which could potentially produce 300koz/y.Arizona Metals (TSX:AMC)
Announced a maiden resource for its Kay Cu-Au VMS project in Arizona with an indicated underground resource of 9.28Mt @ 1.39g/t Au, 27.6g/t Ag, 0.97% Cu, 0.33% Pb & 2.39% Zn containing 415koz Au, 8.3Moz Ag, 197.9Mlb Cu, 67.3Mlb Pb & 590.1Mlb Zn for 650.6Mlb of CuEq at a 1% cut-off grade. It also hosts 46.1Mlb of inferred resources. A PEA is planned for release in 2H25. “With a strong treasury and a PEA on track for release later this year, we’re excited to advance the Kay Project toward becoming one of the top undeveloped VMS projects in the US,” said Arizona Metals CEO Duncan Middlemiss. The resource is based on metal prices of US$4.10/lb Cu, $1/lb Pb, $1.35/lb Zn, $2,200/oz Au & $26/oz Ag.Emperor Metals (CSE:AUOZ)
Released an open pit and underground resource estimate for its Duquesne West project in Quebec with an inferred resource of 26.9Mt @ 1.69g/t containing 1.46Moz at a discovery cost of US$7/oz. AUOZ said the deposit features multiple high-grade zones within a broader lower-grade, bulk-tonnage Au envelope, with about 44% of the resource amenable to conceptual open-pit extraction and 56% via underground methods. A drill program of 8-10km is set to begin in August to further expand the deposit. “Through strategic exploration and focused execution, we have more than doubled the historical resource, increasing it by over 104%,” said CEO John Florek.Radisson Mining Resources (TSXV:RDS)
Announced a PEA for its O’Brien project in the Abitibi region of Québec to produce 59koz/y for 11 years from an underground mine with off-site toll milling. The company said it would produce 70koz/y in years two through eight from a 1,200tpd operation with 647koz to be recovered at an 87% average recovery from a gravity-flotation-regrind-leach flowsheet. Production would have an AISC of US$1059/oz, including a conceptual 30% toll milling margin on processing. The project would yield an after-tax NPV of C$532M at a 5% discount rate, an IRR of 48%, with a two-year payback at US$2,550/oz Au following an initial capital cost of C$175M. These improve to C$871M, 74% and 1.1 years at US$3,300/oz Au. “Rather than high-grading the deposit … the PEA is developed from the existing resource with a lower cut-off, yielding more ounces, more tonnes and better mining continuity at lower average grades. … By taking advantage of existing infrastructure in the region, the study surfaces considerable value for O’Brien while minimizing its environmental impact,” said president & CEO Matt Manson.Viva Gold (TSXV:VAU)
Announced an updated resource estimate and PEA for its Tonopah project in Nevada. The project would produce about 58,000oz/y Au & 50,000oz/y Ag at an AISC of $1,269/oz for seven years from an open pit, milling and heap leach operation. Average mill circuit Au recoveries of 93% Au, 37% Ag, and heap leach Au recoveries of 75% Au, 14% Ag. The project would yield an after-tax NPV of US$111.6M at a 5% discount rate and an IRR of 17.6% at a Au price of $$2,400/oz, increasing to $363.6M and 43.4% at $3,200/oz following pre-production capital of $219.9M. Tonopah features an updated M&I resource containing 504koz Au @ 0.59g/t & 1.8Moz Ag @ 2.05g/t. “Opportunity may exist to defer or reduce initial capital expense through toll processing/milling, purchased of used equipment, or through contract mining with competitive bidding versus owner mining operations,” said president & CEO James Hesketh.West Red Lake Gold Mines (TSXV:WRLG)
Announced a PEA for a toll milling mine operation at its Rowan project in the Red Lake district of Ontario to produce 35koz/y for five years at an AISC of US$1,408/oz from a 385tpd underground mine with a diluted head grade of 8g/t Au. The project would yield an after tax NPV of C$125.3M and 41.9% IRR at a US$2,500/oz Au price following an initial investment of over $70M. These increase to 239M and 81.7% at US$3,250/oz. A PFS is due in 3Q26. “Rowan is a high grade, relatively wide, nearly vertical deposit that starts at surface and this PEA captures how such designed-for-mining characteristics lead to strong economics,” said president & CEO Shane Williams.NexGold Mining (TSXV:NEXG)
Provided additional results from diamond drilling at the Goliath complex where it has completed 21km of a 25km drill program. It reported 6.4km in 30 holes focused on the Eastern alteration corridor and Goldlund SW. Highlights included 1.75m @ 13.67g/t in hole 698. “The infill drilling at the deposit provides a greater level of certainty in shallow areas of the planned open pit. We are also excited by the results from the EAC prospect immediately adjacent to Goliath, which has demonstrated that additional Au mineralization may be available for further resource expansion immediately adjacent to the planned mine and mill infrastructure,” said president & CEO Kevin Bullock.Cassiar Gold (TSXV:GLDC)
Announced an updated resource estimate for the Taurus Au deposit at its Cassiar property in British Columbia based on 46,389 m of diamond drilling completed since the previous estimate for a total of 65,667m in 598 holes. Taurus contains an indicated resource of 8.8Mt @ 1.43g/t Au for 410koz with an additional 1.93Moz in inferred resources at a 0.4g/t Au cutoff and US$2,400/oz Au price. The 2022 inferred resource was 1.4Moz @ 1.14g/t Au. “By establishing a new geological model with high-quality structural and lithological data, we’ve enhanced confidence in the resource and laid a foundation for more efficient, value driven drilling to advance this deposit and adjacent targets,” said VP exploration Jill Maxwell.Headline Copper News
Ivanhoe Electric (NYSE-A:IE)
Completed a US PFS (Canadian FS) for the Santa Cruz Cu project in Arizona to produce about 61ktpy of cathode for 23 years from 2028 following a US$1.24B capex, with production in the first 15 years of 72,000tpy. The project yields a NPY of US$1.9B at an 8% discount rate, and an IRR of 24% at an 8% discount and a capital intensity of about $20,000/t, or about $17,200/t for the first 15 years of production. Initial construction is targeted for 1H26.
Taseko Mines (TSX:TKO)
Announced results of a technical report for its Yellowhead Cu project in British Columbia. For a 25-year LOM with average production of 178Mllb/y at a C1 cash cost of US$1.90/lb with a 90,000tpd concentrator with a recovery of 90% to produce a clean concentrate with payable Au & Ag by-products. The project will yield a NPV of $2B at a 8% discount rate and IRR of 21% at $4.25/lb Cu, $2,400/oz Au & $28/oz Ag with a 3.3-year payback following a $2B initial capital cost. Total LOM production of 4.4Blb Cu, 282koz Au & 19.4Moz Ag. The project is expected to be eligible for the federal Canadian Clean Technology Manufacturing Investment Tax Credit, with 30% (~$540M) of eligible initial capital costs reimbursed in year one of operation. “This new Technical Report establishes Yellowhead as a world class copper project in a tier one jurisdiction,” said president & CEO Stuart McDonald.
Troilus Gold (TSX:TLG)
Agreed indicative commercial offtake terms with Boliden for the sale of Cu-Au concentrate expected to be produced from the Troilus Project in Quebec. Final binding offtake agreements with Boliden and other offtaker, Aurubis are expected to be executed in connection with the completion of the project’s US$700M debt financing package being structured by a syndicate of global financial institutions. “We are proud to welcome one of Europe’s most respected mining and smelting companies as an offtake partner, renewing a long-standing relationship that began during Troilus’ past-producing years, when Boliden processed some of the site’s original concentrate,” said CEO Justin Reid.
Kodiak Copper (TSXV:KDK)
Reported a maiden resource estimate for its MPD Cu-Au project in British Columbia that delineated for four of seven mineralized zones: Gate, Ketchan, Man and Dillard. It hosts an indicated resource of 56.4Mt @ 0.42% CuEq containing 385Mlb Cu & 250koz Au, and 1.3Blb Cu & 960koz Au in inferred resources at a 0.2% CuEq cut-off grade. The full estimate including three additional mineralized zones (West, Adit and South) is planned for 4Q25. “We expect to grow this estimate substantially with the inclusion of the remaining zones later this year. It is also worth noting that our sensitivity analysis shows a significant increase in tonnage and metal content when using a lower cut-off grade of 0.12% copper equivalent, which is comparable to mines in the area. I consider this initial Resource estimate a starting point for future growth,” said chair Chris Taylor.
Headline Critical Minerals News
Baselode Energy (TSXV:FIND)
Will acquire Forum Energy Metals (TSXV: FMC) in an all stock deal to create a uranium exploration company with enhanced scale and diversified assets that will continue under the name Geiger Energy (TSXV: BEEP). The main asset will be the Aberdeen project in the Thelon Basin, where drilling is to begin immediately, with the Hook project a high-priority follow-up. It will be led by Dr Rebecca Hunter, a leading Thelon expert, as CEO, and Stephen Stewart as chair. FMC shareholders will receive 0.3535 shares FIND for each FMC share at a deemed value 12c per share. The combined company will have 243.8M shares with FIND and FMC shareholders owning 55% and 45% of the outstanding shares respectively. They have a combined market capitalisation of about C$30M.
Nexus Uranium (CSE:NEXU)
Will acquire Basin Uranium (CSE:NCLR) in an all stock deal to create a North American Ur exploration and development company. NEXU will issue 30M shares to NCLR shareholders and NCLR shareholders will receive 3M shares in a spinco, representing value of 13.7c per share. The company will have a portfolio of six uranium projects including the Cree East and Mann Lake projects in the Athabasca Basin of Saskatchewan, and four potentially ISR-amenable US projects. They have a combined market capitalisation of about C$7M.
Surge Battery Metals (TSXV:NILI)
Published a PEA for the Nevada North lithium project in Nevada for a conventional open pit and dry-stack tailings operation to produce battery-grade lithium carbonate through on-site treatment through a sulfuric acid leaching circuit to produce 86,300tpy LCE. The PEA envisions two phases over the initial 42-year mine life. Phase one includes 2.58Mtpy processing throughput doubling to 5.15Mtpa in phase two, which comes online in year four of production. The project would yield an after-tax NPV of US$9.21B at a 8% discount rate and IRR of 22.8% at a $24k/t LCE price following a phase one capital investment of $2.97B and $2.35B for phase two. The lithium price is currently $8-9k/t.
E3 Lithium (TSXV:ETL)
Released an updated resource for its Garrington brine district in Alberta with a M&I resource of 5Mt LCE grading 54mg/l and 300kt of inferred resources. ETL said its total M&I resources in Alberta are now 21.2Mt LCE. “Alberta’s lithium resources stand out globally as some of the most significant in size, thanks to the scale of the brine aquifers in the province,” said president & CEO Chris Doornbos.
Standout Gold Drilling
Wesdome Gold Mines (TSX:WDO)
Reported Results from conversion drilling at Kiena Deep – North Limb in Quebec with a highlight of 2.9m @ 2,349.9g/t Au in hole 7035. WDO has completed 21,000m of exploration drilling so far this year at Kiena. The intersection of high grades on the North Limb of the A1 and A2 lenses supports the conversion of high-grade inferred material and reinforces confidence in our ability to mine these zones effectively given their location within competent basalt. Importantly, drilling year-to-date has confirmed the validity of our geological models,” said president & CEO Anthea Bath.
Arizona Metals (TSX:AMC)
Announced assay results from a drill hole in the Kay2 zone at the Kay project in Arizona with an intercept of 29.6m @ 10.7g/t AuEq in hole 181, the third-highest Au assay on the project. The hole was about 90m below and deeper in the deposit than discovery hole 166. “The high Au grades in the Kay2 Zone continue to indicate a robust mineralized system at Kay and illustrate additional potential for the Kay2 zone to add value to the overall deposit. Results from hole 181 will be included in the upcoming mineral resource estimate for the Kay project, which remains on track for release this month,” said president & Duncan Middlemiss.
Maritime Resources (TSXV:MAE)
Reported additional grade control drilling near historical mine workings that confirmed the presence of a new orientation in mineralized trends with substantial Au grades and widths starting at surface at its Hammerdown project in Newfoundland and Labrador. Highlights included 8m @ 42.2g/t Au within 13.9m @ 24.5g/t in hole 272. “This N-S zone begins at surface and lies within the planned open pit footprint with results demonstrating high-grade Au mineralization across significant widths and remains open at depth. This presents an attractive opportunity for early development and cash flow by now having all permitting completed for Hammerdown and our Pine Cove mill now fully operational,” said president & CEO Garett Macdonald.
Sitka Gold (TSXV:SIG)
Announced assays from a 30,000m diamond drill program at its RC project in Yukon where more than 10,000m has been completed in 23 holes with seven in the Blackjack deposit expansion, four in the Eiger deposit expansion and nine holes in the Saddle zone. Visible Au has been observed in multiple holes across the target areas Blackjack, Saddle, Eiger and Rhosgobel with a highlight of 211.2m @ 1.13g/t Au in hole 77 at Blackjack. “The presence of visible Au in drill core across all our target areas is a strong indication that our drilling program is successfully expanding our existing deposits and uncovering new zones with the potential to host additional Au deposits,” said CEO Cor Coe.
Onyx Gold (TSXV:ONYX)
Announced the first results from its 10,000m spring drill program at the Argus North Zone at its Munro-Croesus project near Timmins, Ontario where 5,580m have been drilled in 17 holes. It reported results for two step-out holes and the extension of two existing holes. Highlights included 91m @ 1.8g/t Au in hole 168, a 50m up-dip step-out from discovery hole 163 and 59.7m @ 2.5g/t in hole 171, a 30m up-dip step-out from hole 168. “This is an outstanding start to our initial follow-up drilling at Argus North, where we’re quickly demonstrating the continuity of broad zones of high-grade Au mineralization,” said president & CEO Brock Colterjohn.
Banyan Gold (TSXV:BYN)
Announced initial assays from its 2025 diamond drill program from the Airstrip deposit of the AurMac project in Yukon, with a highlight of 38.1m @ 3.95g/t Au in hole 650 as the company advances towards a PEA. “Consistent high-grade Au mineralization within the skarn zone in the Airstrip deposit is demonstrated in hole 650. There is potential to increase grade and ounces at Airstrip towards a near surface starter pit, with continued drilling,” said VP exploration Duncan Mackay.
Tower Resources (TSXV:TWR)
Reported assays from the first two of four holes drilled on its Rabbit North property in British Columbia. Highlights included 6.02m @ 23.62g/t in 70m step-out hole 60. TWR is planning longer, deeper holes given the depth extent that is usual for shear-hosted Au mineralization.
Red Pine Exploration (TSXV:RPX)
Announced further results from a 25,000m drilling program at the Wawa project in Ontario, with a highlight of 3.13m @ 45.38g/t Au in hole 559. Drill testing the starter pits is due to end in July after which RPX will begin to update its 2024 resource estimate and concurrently work towards a PEA for completion in 1H26. “These high grades occur within broader zones of near-surface mineralization that will be used to assess the potential for open pit production,” said president & CEO Michael Michaud.
Endurance Gold (TSXV:EDG)
Announced assays from its first 2025 drill hole at the Reliance project in British Columbia that intersected a wide strongly mineralized portion of the Imperial Zone within a 185m undrilled gap of the Royal Shear. Hole 109 returned 21.8m @ 6.74g/t Au & 0.16% Sb. Imperial Zone is now demonstrated to be continuously mineralized from surface to 530m down-dip. “These results from hole 109 fall within the top ten best intersections drilled to date at Reliance and this hole continues to grow the size and tonnage potential along the 1.5km strike and 1.1km vertical extent of the Royal Shear Au-Sb system,” said president & CEO Robert Boyd.
Dakota Gold (NYSE-A:DC)
Announced initial results from its 2025 drill campaign at the Richmond Hill oxide heap leach project in Dakota. The initial assay results from 19 drill holes received to date are consistent with previous drilling, with a highlight of 60m @ 1.94g/t Au in hole 164, of which 51.9m is potentially heap leachable material. DC expects to drill 24,384m during this campaign. 56 holes representing 30% of the campaign have been completed. DC plans to expects to complete a FS in early 2027.
NexGold Mining (TSXV:NEXG)
Provided an update on its 25,000m diamond drill program at its Goldboro Au project in Nova Scotia designed to infill areas of the open pit resource. Assays for eight additional infill holes for 1,687m were reported with a highlight of 18.3m @ 3.58g/t in hole 530. The drilling program is completed with 26,854m in 141 holes. “Efficiencies with the drilling program allowed us to complete additional twinning of historical drill holes which will further help to de-risk the project. We will now turn our attention to updating the Goldboro resource which will provide the basis of the planned FS update,” said president & CEO Kevin Bullock.
NEXG also reported assays for an additional 18 infill holes for 2,775m in the proposed west pit with a highlight of 4.5m @ 25.79g/t in hole 522. “The results to date at the west pit are demonstrating that the general geological model is as predicted. We are also encouraged by additional intersections of Au mineralization which were not previously intersected,” said Bullock.
Goldshore Resources (TSXV:GSHR)
Announced assays from its completed 20,000m drill program and the final results from the QES Up zone targeting the near surface extension of the most northern QES shears at the Moss Au project in Ontario. Drilling infilled significant gaps in the QES zone that confirmed the splaying of the QES zone into multiple shears on the eastern edge, with a highlight of 42.7m @ 1.09g/t Au in hole 155. “These results further support the potential for this region to support rapid payback in the early years of mining. This successful winter program sets the stage for our recently announced 50,000m drill program, focused on further resource expansion (29,000m) and grade control drilling (21,000m) which will ultimately set the stage for the infill drill program in 2026,” said CEO Michael Henrichsen.
GSHR also reported assays from a series of holes testing an undrilled area between and on the northern flank of the QES and Main zones, with a highlight of 10.35m @ 0.59g/t in hole 178.
Opawica Explorations (TSXV:OPW)
Announced drill results on its Bazooka property in Quebec in which 19 Au mineralized zones were intercepted. Highlights includes 67.9m @ 0.84g/t in hole 33. “Au was encountered in every single hole. Our geological team is now observing consistent mineralization continuity across the project,” said president & CEO Blake Morgan.
Wallbridge Mining (TSX:WM)
Announced results for the remaining seven holes from first phase drilling at its Martiniere Au project in Quebec, including from extensions of three zones along the Bug Lake deformation corridor. Highlights included 5.8m @ 2.79g/t Au in hole 122 at Dragonfly, and 1.9m @ 6.83g/t in hole 124 at Horsefly. Phase two drilling is scheduled to begin soon.
Kenorland Minerals (TSXV:KLD)
And Auranova Resources (TSXV:KLD) announced complete assay results from the 2025 winter drill program at South Uchi in the Red Lake district of Ontario. Assays from 27 diamond drill holes for 14,365m were reported as KLD completed its initial earn-in to acquire a 51% ownership interest in the project. Au-bearing structures were traced over 5km across the target area with a highlight of 1m @ 14.6g/t Au in hole 27. “Intersecting Au mineralisation across a 5km structural corridor, in an area with no previously recorded Au occurrences, validates our early targeting efforts and highlights the scale of this newly discovered system,” said president & CEO Zach Flood.
KLD also announced partial results from the 2025 winter drill program at the Frotet project in Quebec, with assays from 21 of 34 drill holes, including 14,048m of the 22,913m program. KLD holds a 4% NSR royalty on the project. Highlights includes 6.7m @ 30.41g/t Au in hole 252. “The success of the deep drilling at Regnault continues to underscore the immense untapped potential of Frotet. These results not only confirm the continuity of high-grade mineralisation on the R11 veins, but also highlight the increasing scale of the system,” said Flood.
Blackrock Silver (TSXV:BRC)
Announced the final drill intercepts from its M&I conversion program at its Tonopah West Ag-Au project in Nevada, with 12,580m in 62 holes within the shallow southern portion of the Bermuda-Merten vein group (DPB) resource area. It aims to convert 1-1.5Mt of material from inferred resources to M&I, and represents the initial years of anticipated production at Tonopah West. Highlights included 9.05m @ 182.8g/t Ag & 2.04g/t Au for 367g/t AgEq in hole 139. “Results from this program featured standout grades that reinforce the Tonopah West project’s position as one of the top undeveloped silver assets in the sector. In addition to strengthening confidence in known zones through tighter drill spacing, the program also outlined new near-surface zones of ultra-high-grade Au & Ag mineralization, representing meaningful new tonnage potential,” said president & CEO Andrew Pollard.
BRC also reported final assays from its resource expansion program at Tonopah West, which consisted of 10,802m in 18 holes which confirmed high-grade Ag & Au over significant widths along a 500m trend. Highlights included 10.12m “@ 283g/t Ag & 2g/t Au for a 467g AgEq in hole 144. “These results reinforce the scale and continuity of the NW vein system and underscore the strong potential to materially expand the resource and extend mine life at Tonopah West,” said Pollard.
Arizona Gold & Silver (TSXV:AZS)
Drilled 22.47m @ 3.05g/t in hole 154 at the Perry Zone at the Philadelphia project in Arizona that demonstrated it increases in thickness and grade with depth. “Hole 154 demonstrates increasing concentrations of Au and favourable vein textures with depth. Almost the entire width of the vein carries +3g/t,” said VP exploration Greg Hahn.
Northern Superior Resources (TSXV:SUP)
Announced additional results from its 20,000m expansion drilling campaign at the Philibert property 9km from IAMGOLD (YSX:IMG) Nelligan in Quebec. Highlights included 21.6m @ 4.82g/t Au in hole 498. It said the results, along hole 484, define a new high-grade zone over a 200m strike length and more than 150m of vertical extent. “Discovering high-grade mineralization with strong continuity and scale is always meaningful-but finding it directly beneath an open-pit resource adds significant strategic value. It opens the door to a phased development approach, potentially improving project economics and strengthening the long-term outlook,” said president & CEO Simon Marcotte.
Goliath Resources (TSXV:GOT)
Reportedthe first results from re-logging at Surebet in British Columbia where a Au-richintrusive feeder dyke assayed 14.35m @ 6.31g/t AuEq in hold 64, interpreted asone of many reduced intrusion related gold (RIRG) feeder dykes. Relogging andnew sampling have confirmed visible Au in seven additional previouslyun-assayed drill holes. GOT has started a 40,000m drill program focused onexpanding Surebet by testing for the motherlode causative intrusive Au resource.
West Point Gold (TSXV:WPG)
Announced results from RC drilling at the Tyro main zone at the Gold Chain project in Arizona. Highlights included 32m @ 2.01g/t Au in hole 58. “These results expand the width of the recently defined high-grade zone at NE Tyro to 190, and the overall Tyro Main Zone remains open, N towards the Frisco Graben,” said CEO Quentin Mai.
WPG also announced RC drill results from Tyro, with a highlight of 32.05m @ 3.51g/t Au in hole 59. ” There is a clearly evident northerly plunge to this zone towards the intersection with the Frisco Mine fault and the extensive alteration in the Frisco Graben,” said CEO Mai.
1911 Gold (TSXV:AUMB)
Announced assay results from 12 drill holes for 3,208m from ongoing surface drilling at the True North project in Manitoba. Drilling continues to expand the near-surface quartz vein hosted Au mineralisation on the new San Antonio West target along strike and to depth. Drilling confirmed the western and down dip extensions up to 350m down dip and 500m along strike. Highlights included 1.4m @ 58.66g/t Au in hole 57. “These are some of the best results we’ve seen to date from the San Antonio West target. The drilling confirms the potential definition of high-grade ore shoots within the SAM West target zone, and further supports our geological model,” said CEO Shaun Heinrichs.
Cygnus Metals (TSXV:CYG)
Announced further assays from the Golden Eye prospect within the Chibougamau Cu-Au project in Quebec revealing the presence of multiple parallel mineralised zones. Highlights included 3.3m @ 3.2g/t Au, 0.4% Cu & 3.5g/t Ag for a 3.8g/t AuEq in hole 9. “With its location just 3km from the processing plant, Golden Eye stands to add significant value to the economics of the project,” said executive chair David Southam.
Standout Copper Drilling
Foran Mining (TSX:FOM)
Announced additional results from drilling at the Tesla and Bridge zones at its McIlvenna Bay project in Saskatchewan. About 28,500m in 32 holes has been completed, mostly on infill and increased definition of the mineralized lenses of the Tesla Zone. The infill program continues to confirm the continuity of robust lenses of mineralization. Drilling targeted a series of larger gaps (+200m) in the current drill hole spacing across Tesla. Highlights included 31.1m @ 0.45% Cu, 8.39% Zn, 32.6g/t Ag & 0.16g/t Au for a 3.16% CuEq in hole 35w2. “Not only are we confirming continuity at Tesla with every new hole drilled, but we have identified a significant thickening of Tesla’s lower lenses in the down-dip direction. New results have delivered an expansion of the Tesla Cu 2 lens to the SE, and a second, thick, down-plunge intersection at McIlvenna Bay,” said VP exploration Erin Carswell.
Northisle Copper and Gold (TSXV:NCX)
Announced initial results from its 2025 exploration campaign, with four drill holes at the West Goodspeed target focused on increasing higher-margin resources in the NW corridor at its North Island project in British Columbia. Drilling supports the presence of wide intervals of Cu-Au-Mo-Re mineralization within previously untested areas. Highlights included47.5m @ 0.7% CuEq in hole 17. “We are encouraged by the continuity of mineralization, including in the higher-grade zones at depth,” said president & CEO Sam Lee.
Canterra Minerals (TSXV:CTM)
Reported three additional drill holes from its Buchans Project in Newfoundland as part of a 10km program. The latest holes at the Pumphouse target intersected Cu and base metal mineralization 800m NE of the Lundberg deposit and the past producing Buchans mine. Phase two drilling has commenced to test geophysical anomalies identified by a 3D IP survey. Highlights at Pumphouse included 4.2m @ 4.07% CuEq in hole 3536. “These results at Pumphouse set the tone for more high-grade discoveries in phase two,” said president & CEO Chris Pennimpede.
Metals Creek Resources (TSXV:MEK)
Announced additional results from diamond drilling at the Tillex Cu project in Timmins, Ontario. This program consisted of seven holes for 909.5m to extend Cu mineralization N, further define areas of limited to no drilling as well as follow-up on Cu mineralization drilled outside the mineralized envelope. Highlights included 98.2m @ 1.82% Cu& 13.17g/t Ag in hole 34
MEK also announced final drill results from Tillex drilling that extended mineralization to the N,further defining high-grade vein and stringer mineralization. A new interpretation has identified a transition from steeply dipping Cu mineralizationon the northern portion of the property to becoming shallower or flat lying to the S. Highlights includes 36.3m @ 1.36% Cu & 3.1g/t Au in hole 35.
Intrepid Metals (TSXV:INTR)
Announced assays from two additional diamond drill holes at its Corral Cu property in Arizona. INTR has completed nine drill holes for 2343.6m across the Ringo, Earp and Holliday zones. Highlights included 181.9m @ 0.27% Cu, 0.12g/t Au & 3.23g/t Ag for a 0.41% CuEq in hole 28. “We’re particularly encouraged by the success of our recently expanded drilling to the N, which is beginning to demonstrate the potential for further mineralized extensions,” said CEO Ken Engquist.
INTR also announced assays from two holes from the Ringo Zone at Corral. It has competed eleven drill holes for 2813m across the Ringo, Earp and Holliday zones. Highlights included 216.5m @ 0.71% Cu, 0.28g/t Au & 5.14g/t Ag for a 0.85% CuEq in hole 29. “We’re especially encouraged by the success of our northern drilling extension, which is showing potential expansion of this mineralized zone,” said Engquist.
Abitibi Metals (CSE:AMQ)
Received assays from four holes of a phase three drill program at the B26 polymetallic deposit in Quebec. 2,522m have been drilled as part of 20,000m program. AMQ owns 50% of B26 and has an option to earn an additional 30%. Highlights included 63.2m @ 1% CuEq in hole 363, including 4.1m @ 4.8% CuEq. “The assays not only confirm the potential for resource growth, but also align closely with our block model by intersecting mineralization where predicted. This supports both the continuity and predictability of the deposit,” said CEO Jonathon Deluce.
Canterra Minerals (TSXV:CTM)
Reported new results from an ongoing 10,000m drill program at its Buchans project in Newfoundland. Highlights included 60.7m @ 0.39% Cu, 1% Zn, 0.55% Pb, 2.5g/t Ag & 0.03g/t Au for a 0.85% CuEq in hole 3538. “These latest results show Cu-rich mineralization well outside the existing resource area-exactly what we want to see as we aim to grow the Lundberg deposit,” said president & CEO Chris Pennimpede.
Benton Resources (TSXV:BEX)
Received further results on the Great Burnt Main Zone (GBMZ), Footwall Zone and North Stringer Zone in Newfoundland. Highlights includes 12.3m @ 2.49% Cu in infill hole 65 at GBMZ that confirmed the presence of multiple Cu-rich zones E of GBMZ, an area with little drilling.
Faraday Copper (TSX:FDY)
Announced results of the final nine holes from its phase three drill program at Copper Creek in Arizona. Five holes were drilled in the American Eagle area, one at Old Reliable, two at the Sunrise Trend and one at Horsecamp. FDY is now updating its resource estimate to support an updated PEA. FDY has completed nearly 40,000m of incremental drilling beyond the current resource. The updated resources and PEA are expected in 3Q25. Highlights at the newly-discovered blind Winchester breccia included 45.64m @ 0.71% Cu in hole 113. “These final drill results from the phase three program have continued to expand the near-surface mineralization in the American Eagle area,” said president & CEO Paul Harbidge.
Gladiator Metals (TSXV:GLAD)
Received assay results from its completed phase one drill program at Cowley Park and the first eight holes of ongoing phase two drilling, designed to target strike extensions to previously identified and announced high-grade Cu skarn mineralization. Highlights included 58.7m @ 1.94% Cu, 0.06g/t Au, 3.88g/t Ag & 626ppm Mo in hole 78. “Ongoing resource definition drilling on the defined high-grade mineralized skarn at Cowley Park continues to deliver consistent high Cu grades from near surface and confirms [its] exciting potential,” said CEO Jason Bontempo.
Magna Mining (TSXV:NICU)
Announced additional drill results from the McCreedy West mine in Ontario with highlights, including 10.8m @ 3% Cu, 0.4% Ni, 9.1g/t Pt + Pd + Au in hole 33368. NICU said its Sudbury-based projects have been identified as shovel ready, strategic critical mineral projects by the Government of Ontario.
Osisko Metals (TSXV:OM)
Announced results from eight holes of the 2025 drilling program at the Gaspé Cu project in Québec from the S end of the deposit. Highlights included 258m @ 0.33% Cu & 2.95g/t Ag in hole 1075.
OM also announced drill a hit of 279m @ 0.49% Cu in expansion hole 1090 from within the 2024 resource estimate and focused on upgrading inferred resources to M&I. “Expansion hole 30-1090 has intersected a significant mineralized width, underscoring the excellent prospects for increasing the size of the known deposit towards the south,” said CEO Robert Wares.
Energy & Critical Minerals Drilling
Magna Mining (TSXV:NICU)
Reported assays from ongoing exploration at the Levack mine in the Sudbury region of Ontario with highlights included 2.9m @ 0.9% Cu, 1.6% Ni & 6.1g/t Pt + Pd + Au in hole 14A in the No.3 Footwall. “This style of high-grade, Ni sulphide veins is similar to the mineralization encountered in the upper levels of the Morrison deposit near the contact Ni-Cu zones, which transitioned to Cu-PGE rich veining at depth,” said SVP exploration & geoscience Dave King.
Canada Nickel Company (TSXV:CNC)
Announced results from exploration drilling at its MacDiarmid property in Ontario. Drilling has identified further mineralization extending over a strike length of about 2.2km and a width of about 400m. Highlights from five holes in the central region yielded muti-hundred metre intervals including 363m @ 0.25% Ni in hole 9. “Our regional exploration program continues to reinforce the strong potential of the Timmins Nickel District and mark a positive step forward following our earlier drilling at MacDiarmid,” said CEO Mark Selby.
Antimony Resources (CSE:ATMY)
Reported assays for four initial drill holes at the Bald Hill Antimony project in New Brunswick. Ten additional drillholes have been completed. Antimony-bearing mineralization has been outlined in surface outcroppings over a distance of at least 300m beyond the original drilling. Highlights included 7.4m @ 4.17% Sb in hole 4 including three zones of massive stibnite that returned 28.8% Sb, 21.9 % Sb, and 17.9% Sb respectively. “The shortfall of the first two drillholes was disappointing but we have better identified the location of the mineralization with each successive drill hole and the surface mapping and have retargeted the area of drillholes 1 and 2 with additional drill holes,” said CEO Jim Atkinson.
Skyharbour Resources (TSXV:SYH)
Announced the remaining assays from its 2024 diamond drilling program at its Moore Ur project in Saskatchewan, which totaled 2,759m in nine holes. Highlights included 6.4m @ 1.5% U3O8 in hole 15, which included 1.5m @ 4.74% U3O8. The hole was drilled outside the known footprint of the high-grade Maverick East Zone, extending its high-grade core about 42m NE. Preparation is underway for a 4,500–5,000m summer drill program focused at Main Maverick and Maverick East Zones. “The drill result demonstrates the high-grade, shallow nature of uranium mineralization and opens up the area to additional drilling and potential resource expansion,” said president & CEO Jordan Trimble.
F3 Uranium (TSXV:FUU)
Announced assays from the Tetra zone discovery hole which returned 1m @ 2.50% U3O8 within 22.5m @ 0.26% U3O8. A secondary mineralized zone above the main zone averaged 3.5m @ 0.125% U3O8 in hole 205.
Core Nickel (TSXV:CNCO)
Reported Ni-bearing massive sulphide lenses and ultramafic source rocks along a conductive in drilling at its Halfway Lake project in Manitoba. The program comprised 12 holes for 3,585.5m. Hihglights included 70cm @ 0.8% Ni. “Intersecting anomalous Ni mineralization in all three drillholes along the HL-04 trend is an exciting step forward. The presence of nickel-bearing massive sulphides confirms the system’s ability to concentrate nickel, while ultramafic-hosted sulphide mineralization highlights the fertility of this emerging system,” said CEO Misty Urbatsch.
Paul Harris
Paul has more than twenty years’ experience in the mining sector in investor relations, communications, research and news reporting roles. Paul has 16 years’ experience in the Colombia gold sector including investor relations roles with Continental Gold, Gran Colombia Gold and Mineros.
Paul founded the successful Colombia Gold Symposium in 2016 and has written for industry leading publication Mining Journal since 2015. Previously, Paul spent five years in Chile reporting and researching the copper sector for CRU and Metal Bulletin. Paul received a BA in Business Administration from the University of the West of England, UK; and a MA in International Relations from the University of Chile, Santiago Chile. He is fluent in English and Spanish.
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