News Archives - MiningNewsWire

FridayApr 26, 2024 1:40 pm

MiningNewsBreaks – Torr Metals Inc. (TSXV: TMET) CEO Discusses Preliminary Geophysical Survey Results in Latest Proactive Interview

Torr Metals (TSX.V: TMET), a Vancouver-based mineral exploration company, has been featured in an interview with Proactive. TMET CEO Malcolm Dorsey joined Steve Darling from Proactive to announce preliminary results that have identified near-surface high-priority geophysical resistivity anomalies extending up to 1.5 kilometers in depth. The announcement noted that these anomalies are coincident with highly anomalous copper, gold, and molybdenum mineralization at the surface. These findings represent a significant step forward in the exploration efforts of Torr metals, potentially unlocking valuable mineral resources in the Kolos Copper-Gold Project. “We are waiting on our drill permits, but over the next couple…

WednesdayApr 24, 2024 3:46 pm

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Announces Promising Preliminary Results at Kolos

Torr Metals Inc. (TSX.V: TMET) today reported preliminary results that have identified near-surface high priority geophysical resistivity anomalies extending up to >1.5 kilometers (“km”) depth that are coincident with highly anomalous copper (“Cu”), gold (“Au”), and molybdenum (“Mo”) mineralization at-surface. According to the announcement, these compelling exploration drill targets were identified using a newly completed 3D resistivity inversion voxel model, derived from the ZTEM geophysical survey completed over the entirety of the 100% owned ~140 km 2 Kolos Copper-Gold Project in late 2023. “The strong correlation between highly anomalous resistivity areas and known surface copper-gold and copper-molybdenum mineralization is incredibly…

WednesdayApr 24, 2024 3:21 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Announces Strategic Agreement and Advisory Board Appointment

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) today announced that on April 23, 2024, it entered into a definitive agreement with Emerald Geological Services (“EGS”) pursuant to which it has been granted an option to acquire an undivided 80% beneficial interest in a property owned by EGS in Nunavut, Canada. In addition, the company announced the appointment of Dr. Elizabeth Turner to its technical advisory board. “We are pleased to sign the definitive agreement for the Epworth Property,” said Thomas Ullrich, CEO of Aston Bay, “and we are very excited to have Dr. Elizabeth Turner join our technical advisory board. Dr.…

MondayApr 22, 2024 12:41 pm

MiningNewsBreaks – Reunion Gold Corp. (TSX.V: RGD) (OTCQX: RGDFF), G Mining Ventures Announce Combination to Set the Stage for a Leading Intermediate Gold Producer in the Americas

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), together with G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF), today announced entry into a definitive agreement to combine the two companies, setting the stage for the creation of a leading intermediate gold producer (the “transaction”). Through the transaction, GMIN will acquire RGD’s flagship Oko West Project located in Guyana, within the Guiana Shield region, one of the most attractive mining jurisdictions in South America. Under the agreement, GMIN and RGD shareholders will receive common shares of a newly formed company (the “New GMIN”) equivalent to RGD shareholders being issued 0.285 GMIN common shares…

MondayApr 22, 2024 11:59 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB:ATBHF), American West Metals Commence Drilling, Geophysics at Storm Copper Project

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia and Nunavut, Canada, has started high-impact drilling and exploration activities at its Storm Copper Project on Somerset Island, Nunavut. According to the announcement, American West Metals Limited will conducting the activities. American West has earned an undivided 80% interest in the project and will be solely responsible for funding the program. As part of the activities, track-mounted reverse-circulation (“RC”) drilling is focused on testing new, high-priority exploration targets; resource definition drilling of the 2023 high-grade copper discovery…

MondayApr 22, 2024 11:22 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Enters SID Agreement for Base Resources Transformational Acquisition

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (“REEs”) and vanadium has executed a definitive scheme implementation deed (“SID”) with Base Resources Limited. According to the agreement, Energy Fuels has agreed to acquire 100% of the issued shares of Base Resources in consideration for 0.0260 Energy Fuels common shares and A$0.065 in cash; the transaction will be payable by way of a special dividend by Base Resources to its shareholders for each Base Resources ordinary share held. The transaction has a total equity value of an estimated A$375 million. Highlights of the agreement include that…

ThursdayApr 18, 2024 4:24 pm

MiningNewsBreaks – Reunion Gold Corp. (TSX.V: RGD) (OTCQX: RGDFF) Marks Important De-Risking Step Towards Development of Oko West Project

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, South America, announced that it has signed a mineral agreement with the Cooperative Republic of Guyana and the Guyana Geology and Mines Commission. According to the announcement, the agreement provides Reunion Gold and its wholly owned Guyanese subsidiary with stable fiscal and operating conditions during the life of the Oko West gold project. “I am pleased to have executed our mineral agreement with the Government of Guyana. This significant milestone marks an important de-risking step towards the development of the Oko West Project and underscores…

WednesdayApr 17, 2024 1:07 pm

MiningNewsBreaks – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) Files NI 43-101 Technical Report for Goiás-Based PCH Ionic Adsorption Clay Project

Appia Rare Earths & Uranium (CSE: API) (OTCQX: APAAF) (FSE: A0I0), a publicly traded Canadian company in the rare earth element and uranium sectors, has filed an independent technical report for its PCH ionic adsorption clay (“IAC”) project located in Goiás, Brazil. The PCH MRE report was prepared in accordance with National Instrument 43-10 (“NI 43-101”). Titled “Technical Report on the Maiden Mineral Resource Estimate for the PCH Project, State of Goiás, Brazil,” the report indicated no material differences from results disclosed in the company’s press release released last month. The company noted that the report was coauthored by independent qualified…

TuesdayApr 16, 2024 2:16 pm

MiningNewsBreaks – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) Announces Engagement of Generation IACP

Appia (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) today announced that it has engaged Generation IACP Inc. (“IACP”) to provide services as a market maker in compliance with the policies and guidelines of the Canadian Securities Exchange and other applicable legislation. According to the announcement, IACP will receive a fee of C$7,500 plus applicable taxes per month under the agreement, which is for an initial term of six months. The agreement shall be automatically renewed for subsequent six month periods (collectively, the “term’) unless the company provides written notice of termination to IACP at least 30…

TuesdayApr 16, 2024 1:07 pm

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Reports on Results of Drill Program at Albert Lake Project

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), an exploration company targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market, is reporting on the results of the Q1 drill program at the company's wholly owned Albert Lake Project. Key points from the program include that six drillholes have been drilled at the project, totaling 1,386 meters, with Drillhole AL24077 intersecting 0.42% nickel (“Ni”) over an intersection of 2.01 meters; the nickel mineralization is hosted in orthopyroxenite, which is part of the host rock assemblage recognized at the nearby high-grade Ni-Cu+PGE Rottenstone deposit; and the AL24077 nickel…

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