MiningNewsBreaks Archive - Page 33 of 128

ThursdayFeb 20, 2025 9:35 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports High-Grade Tin Intersections at Iska Iska Project

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) announced additional assay results from its definition diamond drilling program at the Santa Barbara starter pit area within the Iska Iska silver-tin polymetallic project in Bolivia. Notably, Hole DSB-74 intersected 49.5 meters of high-grade tin at 0.55% Sn within a broader 91.5-meter zone grading 0.34% Sn. The mineralization, hosted within an extensive intrusion breccia, is believed to be linked to a deeper tin porphyry system. CEO Tom Larsen highlighted the continuity of coarse-grained cassiterite mineralization and its potential impact on project economics in the upcoming PEA. To view the full press release,…

WednesdayFeb 19, 2025 9:30 am

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Identifies Nine High-Resistivity Anomalies at Filion Gold Project

Torr Metals Inc. (TSX.V: TMET) announced the identification of nine high-resistivity geophysical anomalies at its 100%-owned Filion Gold Project in northern Ontario. The anomalies, defined through a late-2024 ground magnetic and very low frequency (VLF) electromagnetic survey, highlight key structural and lithological controls on gold mineralization, with the largest anomaly spanning over 3.3 km. The survey results indicate potential for new discoveries, particularly at the Oscar gold occurrence and Miller East occurrence, where historical sampling reported grades of up to 91.4 g/t gold over 0.3 meters. Pending geochemical results from late-2024 soil sampling will further assess these high-priority targets. To…

WednesdayFeb 19, 2025 9:30 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Begins Updated PEA for Montauban Amid Record Gold Prices

ESGold (CSE: ESAU) (OTCQB: ESAUF) has initiated an updated Preliminary Economic Assessment for its fully permitted Montauban Project, factoring in current gold and silver prices of $2,930 and $32.50 per ounce, respectively. The reassessment aims to reflect significantly improved market conditions and enhance key metrics such as IRR, NPV, and projected cash flow. With low capex and near-term production on the horizon, the revised PEA is expected to offer a more robust economic outlook and is slated for release in the coming weeks. To view the full press release, visit https://ibn.fm/zLBeo About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE:…

TuesdayFeb 18, 2025 11:11 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) to Invest in Goliath Resources Amid High-Grade Gold Results

McEwen Mining (NYSE: MUX) (TSX: MUX) is set to acquire 5.18 million units of Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) in a non-brokered private placement, reinforcing its interest in Goliath’s high-grade gold exploration at the Surebet discovery in British Columbia’s Golden Triangle. Goliath reported intercepts of up to 10.91 g/t AuEq over 10 meters, with 92% of 2024 drill holes containing visible gold. The transaction includes shares of McEwen Mining issued in exchange, with each unit comprising one Goliath common share and half a warrant exercisable at C$2.50 per share for 12 months. To view the full press release,…

FridayFeb 14, 2025 1:43 pm

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Eyes Continued Demand for Critical PGMs Across Multiple Sectors

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) made significant strides in 2024, particularly through its Waterberg Project in South Africa. This has been an important time for the company and other industry players, as platinum group metals (“PGMs”), which include platinum, palladium and rhodium, have experienced robust demand and growth. “These metals are critical for industries such as automotive, jewelry and electronics and for emerging green technologies such as hydrogen fuel cells,” reads a recent article that discusses the company’s positioning in the PGM mining and exploration sector. “As a large-scale PGM, copper and nickel mining initiative, the Waterberg…

FridayFeb 14, 2025 9:30 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Raises C$1.1M to Advance Exploration and Development at Montauban

ESGold (CSE: ESAU) (OTCQB: ESAUF) has raised C$1.1 million through a Quebec Critical Mineral flow-through private placement and warrant exercises, underscoring shareholder confidence in the Company’s strategy. The placement, totaling C$300,000, is with Maple Leaf Critical Minerals 2025 Enhanced Flow-Through LP and will support ESGold’s ongoing Ambient Noise Tomography survey and exploration at the Montauban Property. An additional C$802,851 was raised through accelerated warrant exercises following a clause triggered in December 2024, providing non-dilutive capital as ESGold advances toward production. To view the full press release, visit https://ibn.fm/IE8i9 About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully…

ThursdayFeb 13, 2025 2:16 pm

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Makes Breakthrough Discovery at Kolos’ Sonic Zone

Torr Metals (TSX.V: TMET) recently announced a new undrilled discovery at its Kolos Copper-Gold Project, expanding the Sonic Zone to a 12 km² alteration footprint, highlighted by high-grade copper results of up to 1.10%. “Located just 30 kilometers southeast of Canada’s largest open-pit copper mine, the Kolos Project’s new findings align with the region’s significant copper-gold alkalic porphyry systems like the nearby New Afton and Copper Mountain mines,” reads a recent article. “In its latest exploration efforts, Torr Metals made a breakthrough at the Sonic Zone, an area with no prior exploration history. Initial mapping and sampling revealed significant porphyry-style alteration…

ThursdayFeb 13, 2025 9:30 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Advances Los Azules Project with Application for Argentina’s Investment Incentives

McEwen Mining (NYSE: MUX) (TSX: MUX) announced that its subsidiary, McEwen Copper, has applied for Argentina’s Large Investment Incentive Regime (RIGI) to support development of the Los Azules copper project. The $2.7 billion project would benefit from reduced corporate taxes, VAT relief, export duty exemptions, and 30-year stability if approved. Chairman Robert McEwen emphasized the initiative aligns with Argentina’s push for foreign investment, while Vice President Michael Meding highlighted recent milestones, including an approved environmental permit. The move strengthens McEwen Mining’s position in the global copper market. To view the full press release, visit https://ibn.fm/HBcsm About McEwen Mining Inc. McEwen…

WednesdayFeb 12, 2025 9:15 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Closes $110 Million Convertible Senior Notes Offering

McEwen Mining (NYSE: MUX) (TSX: MUX) has completed its previously announced offering of 5.25% convertible senior notes due 2030, raising $110 million, including a fully exercised $15 million option. The notes carry an initial conversion price of $11.25 per share, representing a 30% premium to the company’s Feb. 6 closing price, with a capped call potentially increasing the effective conversion price to $17.30. Proceeds will be used to partially repay $20 million of senior secured debt and fund corporate initiatives, including expanding gold production at the Fox Complex. Chairman Rob McEwen emphasized the financing’s low dilution risk and cost-effective structure.…

FridayFeb 07, 2025 2:49 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Positioned as Copper Is Key in Modern Technology

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) is a pivotal company in the endeavor to ensure a consistent and ecologically responsible supply of copper. This comes as the global community intensifies its commitment to sustainability, which is driving a surging demand for copper and other essential resources. “Copper’s unique properties, including its excellent electrical and thermal conductivity, malleability and resistance to corrosion, make it indispensable in modern technology. Its applications span an array of uses,” a recent article explains. “Aston Bay, a publicly traded mineral exploration company, is dedicated to discovering high-grade copper and gold deposits in North America. The company’s strategic…

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