
U.S. GoldMining Inc. Selects Ausenco to Deliver Initial Economic Assessment At Whistler Gold-Copper Project, Alaska
, June 9, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) (" U.S. GoldMining" or the " Company") is pleased to announce it has selected Ausenco Engineering Canada ULC (" Ausenco") as the principal consulting firm to lead its proposed initial assessment study (" PEA") for the Whistler Gold-Copper Project (" Whistler" or the " Project"), located 105 miles northwest of Anchorage, Alaska. The study, as previously announced April 15, 2025, is intended to constitute an initial assessment under U.S. Regulation S-K 1300 (" S-K 1300") and a preliminary economic assessment under Canadian National Instrument 43-101 (" NI 43-101").
Highlights:
The PEA is intended to explore and outline a development opportunity at the Whistler Project for a stand-alone open pit mine and concentrator facility located approximately 100 miles northwest of Anchorage in south-central Alaska, a region which has significant existing and ongoing infrastructure development.
The PEA will consider the Whistler mineral resource estimate which currently stands at 6.48 million ounces (Moz) gold equivalent (AuEq) compiled from the indicated resource category and 4.16 Moz AuEq in the inferred resource category (see Table 1 for details). The Project is anticipated to benefit from the deposit's near-surface, higher-grade core material in the early years of production.
The PEA will utilize an updated mineral resource estimate to be completed by Moose Mountain Technical Services, which will include 2024 drilling that was not available for the previous mineral resource estimate. In addition, metallurgical test work is currently being conducted by Base Metallurgical Laboratories Ltd., as previously announced on April 24, 2025.
The Company completed a comprehensive bidding process, receiving initial expressions of interest from 13 consulting firms, followed by a rigorous Request for Proposal (" RFP") review of six shortlisted candidate firms. Ausenco was selected from this process on the strength of its experience across all disciplines and its track record in recent delivery of comparable studies.
Tim Smith, Chief Executive Officer of U.S. GoldMining, commented:"We're delighted to be able to announce that we have partnered with Ausenco on this important work program. We're excited to begin working towards delivering the first PEA on Whistler, which we believe could present a robust future mining opportunity and has the potential to unlock significant value for shareholders. We look forward to providing periodic updates as the study progresses, for which we are currently targeting completion before year-end."
David Thomas, Vice President, Minerals & Metals, Southwest USA of Ausenco, commented:"Ausenco is pleased to partner with U.S. GoldMining on the Whistler Gold-Copper Project PEA. We've successfully completed studies for clients around the world, including initial concept studies, pre-feasibility studies and definitive studies. As a lifelong Alaskan who lived many years in the Matanuska-Susitna (Mat-Su) Borough – where the Whistler Project is located - I'm delighted to add to the direct Alaskan experience of the team and help deliver U.S. GoldMining a robust, sustainable mining study."
About U.S. GoldMining Inc.
U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska Mining claims totaling approximately 53,700 acres (217.5 square kilometers). Visit www.usgoldmining.us for more information.
About Ausenco
Ausenco is a global company redefining what's possible. The team is based out of 21 offices working across five continents to deliver services worldwide. Combining deep technical expertise with a 30-year track record, Ausenco delivers innovative, value-add consulting, studies, project delivery, asset operations and maintenance solutions to the minerals and metals and industrial sectors (www.ausenco.com).
Table 1 Mineral Resource Estimate for the Total Project (Effective date: September 12, 2024)
Notes to Table 1:
1.
Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves.
2.
Inferred mineral resources are subject to uncertainty as to their existence and as to their economic and legal feasibility. The level of geological uncertainty associated with an inferred mineral resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability.
3.
The mineral resource estimate for the Whistler, Island Mountain, and the upper portions of the Raintree West deposits have been confined by an open pit with "reasonable prospects of economic extraction" using the following assumptions:
Metal prices of US$1,850/oz gold (Au), US$4.00/lb copper (Cu) and US$23/oz silver (Ag);
Payable metal of 95% payable for Au and Ag, and 96.5% payable for Cu;
Refining costs for g of US$8.00/oz, for Ag of US$0.60/oz and for Cu of US$0.05/lb;
Offsite costs for Au of US$77.50/wmt, for Ag of US$3.50/wmt and for Cu of US$55.00/wmt;
Royalty of 3% net smelter return royalty (NSR);
Pit slopes are 50 degrees;
Mining cost of US$2.25/t for waste and mineralized material; and
Processing, general and administrative costs of US$7.90/t.
4.
The lower portion of the Raintree West deposit has been constrained by a mineable shape with "reasonable prospects of eventual economic extraction" using a US$25.00/t cut-off.
5.
Metallurgical recoveries are: 70% for Au, 83% for Cu, and 65% Ag for Ag grades below 10g/t. The Ag recovery is 0% for values above 10g/t for all deposits.
6.
The NSR equations are: below 10g/t Ag: NSR (US$/t)=(100%-3%)*((Au*70%*US$54.646/t) + (Cu*83%*US$3.702*2204.62 + Ag*65%*US$0.664)), and above 10g/t Ag: NSR (US$/t)=(100%-3%)*((Au*70%*US$56.646g/t) + (Cu*83%*US$3.702*2204.62)).
7.
The Au Equivalent equations are: below 10g/t Ag: AuEq=Au + Cu*1.771 +0.0113Ag, and above 10g/t Ag: AuEq=Au + Cu*1.771.
8.
The specific gravity for each deposit and domain ranges from 2.76 to 2.91 for Island Mountain, 2.60 to 2.72 for Whistler with an average value of 2.80 for Raintree West.
9.
Numbers may not add due to rounding.
For further information regarding the Project and the mineral resource estimates referenced herein, refer to the technical report summary titled "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, and the technical report titled "NI 43-101 2024 Updated Mineral Resource Estimate for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, available under the Company's respective profiles at www.sec.gov and www.sedarplus.ca.
Tim Smith, P.Geo., Chief Executive Officer of the Company, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Smith is a "qualified person" as defined under NI 43-101.
Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such statements include statements with regard to the Company's expectations regarding the Project and the proposed PEA. Words such as "expects", "anticipates", "plans", estimates" and "intends" or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of future exploration may not confirm expectations, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company's filings with the U.S. Securities and Exchange Commission at. www.sec.gov and Canadian Securities Administrators at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Cision Canada
26 minutes ago
- Cision Canada
QSC Receives Frost & Sullivan's 2025 Global Technology Innovation Leadership Award for Pioneering Innovation in AV Communications
QSC is recognized for redefining workplace transformation through its Q-SYS full-stack AV platform innovation, delivering seamless digital integration, AI-powered insights, and industry-leading scalability. SAN ANTONIO, June 10, 2025 /CNW/ -- Frost & Sullivan is pleased to announce that QSC has been awarded the 2025 Global Technology Innovation Leadership Award in the audio-video (AV) communications industry for its outstanding achievements in cloud-based AV integration, strategic platform development, and customer-centric innovation. This recognition highlights the consistent leadership QSC has in delivering breakthrough technologies that enhance operational productivity and redefine user experiences across high-performance workplaces. Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: business impact and tech leverage. The Q-SYS platform excelled in both, demonstrating its ability to align product development with evolving enterprise demands while executing with speed, precision, and global scalability. "Q-SYS stands out in the global AV market for its full stack AV platform and a forward-looking technology approach that is based on well-established IT architecture principles, including multimodal I/O, a cognitive cloud, and an intelligent platform OS," said Roopam Jain, VP of Research at Frost & Sullivan. "The company's intuitive, IT-centric approach—powered by AI, cloud architecture, and a commitment to open integration—raises the bar for what's possible in modern workplace technology." Guided by a long-term growth strategy centered on digital transformation and user-driven design, Q-SYS has shown an exceptional ability to lead in a highly competitive and rapidly evolving market. Its strategic agility, bolstered by the acquisition of QSC by Acuity Inc. in early 2025, has enabled the platform to address a broader range of customer needs by aligning AV innovation with smart building systems, including lighting, HVAC, and environmental sensors. Innovation remains central to the Q-SYS approach. Its full-stack AV platform consolidates devices and workflows under a singular operating system that integrates advanced audio, AI-enhanced video, and automated control solutions. Q-SYS Reflect, its embedded monitoring and remote management platform, empowers IT teams with real-time visibility across their AV estate and simplifies system-wide control through a robust API. "The Q-SYS Full Stack AV Platform is shaping the future of intelligent environments by unifying data, devices, and the cloud," said Jatan Shah, President, QSC. "We are proud that our platform has been recognized by Frost & Sullivan for our role in transforming high-performance corporate, hospitality, entertainment, and public spaces." The consistent focus Q-SYS has on delivering exceptional customer experiences further strengthens its market position. By enabling no-code and low-code design tools and offering seamless integration with native and third-party systems, the company empowers IT administrators to deploy and manage AV environments without the complexity historically associated with the industry. Its emphasis on simplicity, reliability, and continuous improvement helps organizations maximize uptime, improve ROI, and elevate the collaboration experience in high-impact spaces and the high-performance workplace. This vision spans the entire work environment, from the lobby to the boardroom and all the spaces in between. Q-SYS technology is transforming traditional office spaces, hospitality, healthcare, education, retail, stadiums/event venues, and more. Each year, Frost & Sullivan presents the Technology Innovation Leadership Award to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The award recognizes forward-thinking organizations that are reshaping their industries through innovation and growth excellence. Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. Frost & Sullivan commends Q-SYS for setting a high standard in competitive strategy, execution, and market responsiveness. The company's long-term vision, robust innovation, and focus on enhancing customer value by delivering scalable, user-friendly AV solutions are driving the next wave of digital workplace transformation. Access the Q-SYS landing page here: About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact: E: [email protected] About Q-SYS Q-SYS is a full stack, audio, video, and control platform built around a modern, standards-based IT architecture. Since 2009, Q-SYS has been focused on delivering personalized, connected, and engaging AV experiences. Our solutions span corporate, education, hospitality, venues and events, government, healthcare, and transportation. By uniting hardware and software partners, developers, and creators, we're redefining what's possible for live and virtual experiences. Q-SYS is part of Acuity Intelligent Spaces, a business segment of Acuity Inc. For more information, visit


Cision Canada
29 minutes ago
- Cision Canada
Olymel to build state-of-the-art integrated plant in Trois-Rivières Français
BOUCHERVILLE, QC, June 10, 2025 /CNW/ - Olymel, the Canadian leader in the production, processing and distribution of pork and poultry meats, today announced the construction of a major expansion of its La Fernandière plant in Trois-Rivières, a major investment of $142 million that will allow Olymel to better serve its customers in Canada and abroad. The work will begin in the next few days, with the start of operations scheduled for spring 2026. The project objectives Olymel is pursuing several objectives with this project and significant gains are expected in the first year of operation. The plant, which essentially manufactures sausages at the present time, will expand production to include a wider range of pork and poultry products. It will also be converted into an integrated facility where products can be fully processed and packaged on site, thus reducing the transport of raw materials, better aligning processes, and strengthening the company's productivity. Finally, this new plant will considerably increase Olymel's production capacity at a time when the organization is aiming to strengthen the positioning of its products across Canada. "We're very proud to announce this major expansion of our Trois-Rivières plant. It's a big step forward for Olymel. Having this state-of-the-art plant will create new possibilities for expansion and significantly improve our efficiency, which is central to our company's performance. The project is perfectly aligned with our strategy of capitalizing on the creation of value-added products made with meat of superior quality that's produced by local farmers," declared Yanick Gervais, CEO of Olymel. A technological trailblazer in Quebec's agri-food industry Innovation will be at the core of the project, with new systems optimized by artificial intelligence. The connectivity of all the equipment and components will be used to ensure optimized operations management. The technologies include a unique industrial battery system, a continuous cooking line, completely autonomous operations (slicing, packaging, boxing and palletizing), and autonomous vehicles, all of which are points of innovation for the Canadian agri-food sector. The modernization of operations will result in more consistent production, to better meet the needs of our customers here and abroad. State-of-the-art equipment will allow the plant to utilize the latest packaging technology, for increased flexibility that fosters the use of eco-friendly solutions. By allying these technologies with our workers' expertise, we will maximize our operational efficiency while placing a premium on the knowledge and experience of our teams. Finally, the plant will serve as an innovation hub for new artificial intelligence solutions that Olymel can deploy elsewhere in its network, with the goal of increasing its productivity and optimizing its operations. A comprehensive approach to sustainable development In terms of occupational health and safety, the new ergonomic equipment will reduce the number of physically demanding tasks for employees, improve employee comfort at operating stations, and free up workers so that they can focus on tasks requiring more precision. Everything in the project was designed to optimize energy consumption, with measures that include heat recovery, net–zero water-based cooking, and a heat exchanger to recover heat from wastewater. On-site industrial batteries will be used to store energy and better manage the plant's power consumption when the grid is at peak demand. The ham cooking systems will utilize closed-circuit water management, which saves much more energy and water. In addition, a primary and secondary water treatment plant will be built on site, along with the necessary retention pond, to manage stormwater runoff. Finally, reduced greenhouse gas emissions from transportation and the improved management of natural gas, refrigerants, electricity, and residual materials will all result in environmental gains. A project that drives prosperity in the Mauricie region Locally, the plant will generate new economic opportunities, including the creation of some 50 direct jobs—bringing the total number of employees up to 400—and many indirect jobs. To help power Quebec's economy, the vast majority of building materials chosen will be made in Quebec. The contractor chosen for the construction work, Construction Bertrand Dionne, is from Drummondville, and the palletizing and boxing services will be designed by Premier Tech, a company from Rivière-du-Loup. Parallel to this project, and with a view to optimizing its operations and capturing the full benefit of the new plant, Olymel will permanently close its Anjou facility (140 employees) and its Cap-de-la-Madeleine facility (150 employees) in spring 2026. All personnel will be offered positions in neighbouring Olymel plants, particularly the newly built facility, which will be located a dozen kilometres from the Cap-de-la-Madeleine plant. Olymel is Canada's leader in production, processing and distribution of pork and poultry meats. Its mission is to feed the world with passion and with products of the highest quality. The company has production and processing facilities in Quebec, Ontario, Alberta, Saskatchewan and New Brunswick, and employs over 12,000 people. It has annual sales of around $4.5 billion. The company markets its products mainly under the Olymel, Pinty's, La Fernandière, Lafleur and Flamingo brands.


Cision Canada
an hour ago
- Cision Canada
Aeris Project Feasibility Study: Horne Smelter Proposes a New Optimized Approach to Achieve its Environmental Targets Français
ROUYN-NORANDA, QC, June 10, 2025 /CNW/ - The Horne Smelter is unveiling today the conclusions of the feasibility study for its Aeris project, launched in 2024. This rigorous process, carried out with top internal and external expertise, aimed to objectively evaluate the project from multiple perspectives: technical, environmental, occupational health and safety, as well as financial. The Aeris Project, in its current form, is not feasible The study's conclusions appear clear to us: given the complexity of the Aeris project, implementing it fully would compromise the operational stability, as well as long-term viability of the plant, and would have extended the timeframe to achieve our emissions targets. However, this work allowed us to identify an optimized approach that, we hope, will achieve the desired environmental performance. Three key findings emerge from the study: The project involves complex construction. Building on existing infrastructure, combined with challenging ground conditions and a large number of unavoidable interferences, would make construction extremely challenging. Integrating Aeris would require significantly more equipment and infrastructure than originally anticipated. It would mean a complete overhaul of the production process, which would also take much more time. Successfully introducing new technologies at the plant depends on essential technical conditions that are not currently met. Their integration could impact the entire production chain—even the ability to produce copper itself. An Optimized Approach to Reach 15 ng/m³ Considering the work conducted during the feasibility study, and building on the results of transitional measures to improve air emissions already implemented, the Horne Smelter has developed an optimized approach to aim to reach the arsenic target: an annual average of 15 ng/m³ in ambient air, measured at the sampling station closest to the Smelter (legal station). This new strategy includes encapsulating the smelting zone—encompassing all key equipment such as the reactor, Noranda converter, converters, and anodes—to better control emissions at the source. This will be combined with high-performance purification systems, already proven and compatible with the current process. This approach offers the potential to deliver of tangible, material improvements in air quality, while safeguarding the safety, operational stability, and long-term sustainability of the smelter. The new optimized approach we wish to propose, as well as its implantation timeline, will require governmental approvals "I'm extremely proud of the rigorous work carried out by our teams. Thanks to their commitment, we've found a solution that will allow us to deliver results with more predictability than Aeris. This is excellent news for the Rouyn-Noranda community and our teams," said Vincent Plante, Executive General Manager, North America Copper Value Chain. "Moreover, our 2024 results clearly demonstrate the effectiveness of this new direction: the average arsenic concentration in ambient air, measured at the legal monitoring station, has dropped by 46.5% since 2022, reaching 39.1 ng/m³ in 2024—below the regulatory ceiling of 45 ng/m³. 99% of the urban area of Rouyn-Noranda has an average arsenic concentration equal to or below 15 ng/m³. The team and I look forward to engaging with our stakeholders regarding this optimised approach." About Glencore Horne Smelter The Horne Smelter, a division of Glencore Canada, is a metallurgical facility internationally recognized for its copper processing operations. It produces 210,000 tonnes of copper and precious metals annually. In addition to its renowned expertise in processing complex materials, the Horne Smelter plays a key role in North America in processing metal-bearing recycled products. The facility employs more than 650 people in its Rouyn-Noranda plant in Quebec, and works with many contractors. All its copper anode production is shipped to CCR Refinery in Montréal, where another 500 workers contribute to the North American copper and critical minerals value chain.