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Business Upturn
5 hours ago
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Almadex Acquires Ruby Hill Silver-Gold Exploration Project by Staking, Surface Sampling returns 992 g/t Silver
VANCOUVER, British Columbia, June 04, 2025 (GLOBE NEWSWIRE) — Almadex Minerals Ltd. ('Almadex' or the 'Company') (TSX-V: 'DEX') is pleased to announce that it has acquired a 100% interest in the Ruby Hill early-stage exploration project by staking. The project is located in central Nevada and was identified as part of Almadex's ongoing regional exploration program in the western USA. The Ruby Hill epithermal gold-silver project covers a large area of argillic alteration and silicification hosted in rhyolite volcanics. Zones of silicification and clay alteration have been identified within which outcrops hosting quartz veinlets occur. Limited outcrop make it difficult to map any potential widths or orientation to the zone of veining and the sporadic outcrops of veined rock occur over a broad area. Some historic mine workings have also been identified which appear very old. These trenches and shafts clearly targeted zones of veining and silicification. To date 59 grab rock samples have been taken from outcrop and float of veining and silicified rhyolite (grab samples are selected samples and may not represent true underlying mineralisation). These preliminary results are very encouraging as 12 of these samples returned over 25 g/t silver with 7 returning more than 100 g/t silver (up to 992 g/t silver and averaging 45 g/t silver for all 59). Important gold values were also returned as 17 of these samples returned over 0.1 g/t gold (up to 0.94 g/t gold and averaging 0.10 g/t gold for all 59). A one-line IP geophysical survey was carried out across the area of alteration. This survey identified a significant chargeability anomaly associated with a resistivity low. This feature is interpreted to represent a potential zone of alteration and sulphide development extending to depth. Almadex plans follow-up prospecting, sampling and geological mapping on the project, focussing on the area above the high IP chargeability, in order to provide targeting for a future drill program. J Duane Poliquin, Chairman of Almadex commented, 'Our regional exploration program continues to identify new targets for acquisition. This preliminary work at Ruby Slope has returned exciting silver and gold results in the earliest stages of sampling which is very encouraging. We will continue to move our early-stage projects forward this year along with our plans for drilling our more advanced properties. We fully expect 2025 to be an important year for our Company.' Qualified Persons and Technical Details Morgan J Poliquin, PhD, PEng, the President and CEO of Almadex and a Qualified Person as defined by National Instrument 43-101 ('NI 43-101'), has reviewed and approved the scientific and technical contents of this news release. The analyses reported were carried out at ALS Chemex Laboratories of Reno, Tucson, and North Vancouver using industry standard analytical techniques. For gold, samples are first analysed by fire assay and atomic absorption spectroscopy ('AAS'). Samples that return values greater than 10 g/t gold using this technique are then re analysed by fire assay but with a gravimetric finish. Silver is first analysed by Inductively Coupled Plasma – Atomic Emission Spectroscopy ('ICP-AES'). Samples that return values greater than 100 g/t silver by ICP-AES are then re analysed by HF-HNO3-HCLO4 digestion with HCL leach and ICP-AES finish. Of these samples those that return silver values greater than 1,500 g/t are further analysed by fire assay with a gravimetric finish. The IP line was surveyed using the Company's highly experienced in-house team and equipment (GDD transmitter and Iris Elrec-6 receivers using a 100 m dipole in a pole-dipole array). Pseudo sections were prepared, and the data was inverted using RES2DINV software. Geophysical surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery. About Almadex Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico. This portfolio is the direct result of many years of prospecting and deal-making by Almadex's management team. The Company owns several portable diamond drill rigs, enabling it to conduct cost effective first pass exploration drilling in house. The Almadex team have significant porphyry lithocap exploration experience and have made three discoveries of mineral deposits under advanced argillic alteration. Our success comes from our audacity, in house exploration capacity and most importantly our ability to drill with our company owned drilling unit. We have assembled a portfolio of lithocap targets that have the potential to be concealing large porphyry systems at depth as well as high sulphidation epithermal gold-silver systems in the best jurisdiction we know: the United States of America. We have the cash and drills to advance and test these targets and will begin to do so in 2025. On behalf of the Board of Directors, 'Morgan J. Poliquin, Ph.D., President and CEO Almadex Minerals Ltd. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Forward-looking statements in this news release include, among other things, any further work to advance exploration targets at the Ruby Hill project. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, permitting, continued availability of capital and financing, equipment availability and general economic, market or business conditions. The foregoing list of assumptions is not exhaustive. There can be no assurances that forward-looking statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws. Contact Information:Almadex Minerals 604.689.7644 Email: [email protected]
Yahoo
5 hours ago
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Almadex Acquires Ruby Hill Silver-Gold Exploration Project by Staking, Surface Sampling returns 992 g/t Silver
VANCOUVER, British Columbia, June 04, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: 'DEX') is pleased to announce that it has acquired a 100% interest in the Ruby Hill early-stage exploration project by staking. The project is located in central Nevada and was identified as part of Almadex's ongoing regional exploration program in the western USA. The Ruby Hill epithermal gold-silver project covers a large area of argillic alteration and silicification hosted in rhyolite volcanics. Zones of silicification and clay alteration have been identified within which outcrops hosting quartz veinlets occur. Limited outcrop make it difficult to map any potential widths or orientation to the zone of veining and the sporadic outcrops of veined rock occur over a broad area. Some historic mine workings have also been identified which appear very old. These trenches and shafts clearly targeted zones of veining and silicification. To date 59 grab rock samples have been taken from outcrop and float of veining and silicified rhyolite (grab samples are selected samples and may not represent true underlying mineralisation). These preliminary results are very encouraging as 12 of these samples returned over 25 g/t silver with 7 returning more than 100 g/t silver (up to 992 g/t silver and averaging 45 g/t silver for all 59). Important gold values were also returned as 17 of these samples returned over 0.1 g/t gold (up to 0.94 g/t gold and averaging 0.10 g/t gold for all 59). A one-line IP geophysical survey was carried out across the area of alteration. This survey identified a significant chargeability anomaly associated with a resistivity low. This feature is interpreted to represent a potential zone of alteration and sulphide development extending to depth. Almadex plans follow-up prospecting, sampling and geological mapping on the project, focussing on the area above the high IP chargeability, in order to provide targeting for a future drill program. J Duane Poliquin, Chairman of Almadex commented, 'Our regional exploration program continues to identify new targets for acquisition. This preliminary work at Ruby Slope has returned exciting silver and gold results in the earliest stages of sampling which is very encouraging. We will continue to move our early-stage projects forward this year along with our plans for drilling our more advanced properties. We fully expect 2025 to be an important year for our Company.' Qualified Persons and Technical DetailsMorgan J Poliquin, PhD, PEng, the President and CEO of Almadex and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"), has reviewed and approved the scientific and technical contents of this news release. The analyses reported were carried out at ALS Chemex Laboratories of Reno, Tucson, and North Vancouver using industry standard analytical techniques. For gold, samples are first analysed by fire assay and atomic absorption spectroscopy ('AAS'). Samples that return values greater than 10 g/t gold using this technique are then re analysed by fire assay but with a gravimetric finish. Silver is first analysed by Inductively Coupled Plasma - Atomic Emission Spectroscopy ('ICP-AES'). Samples that return values greater than 100 g/t silver by ICP-AES are then re analysed by HF-HNO3-HCLO4 digestion with HCL leach and ICP-AES finish. Of these samples those that return silver values greater than 1,500 g/t are further analysed by fire assay with a gravimetric finish. The IP line was surveyed using the Company's highly experienced in-house team and equipment (GDD transmitter and Iris Elrec-6 receivers using a 100 m dipole in a pole-dipole array). Pseudo sections were prepared, and the data was inverted using RES2DINV software. Geophysical surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery. About AlmadexAlmadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico. This portfolio is the direct result of many years of prospecting and deal-making by Almadex's management team. The Company owns several portable diamond drill rigs, enabling it to conduct cost effective first pass exploration drilling in house. The Almadex team have significant porphyry lithocap exploration experience and have made three discoveries of mineral deposits under advanced argillic alteration. Our success comes from our audacity, in house exploration capacity and most importantly our ability to drill with our company owned drilling unit. We have assembled a portfolio of lithocap targets that have the potential to be concealing large porphyry systems at depth as well as high sulphidation epithermal gold-silver systems in the best jurisdiction we know: the United States of America. We have the cash and drills to advance and test these targets and will begin to do so in 2025. On behalf of the Board of Directors, 'Morgan J. Poliquin, Ph.D., President and CEOAlmadex Minerals Ltd. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Forward-looking statements in this news release include, among other things, any further work to advance exploration targets at the Ruby Hill project. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, permitting, continued availability of capital and financing, equipment availability and general economic, market or business conditions. The foregoing list of assumptions is not exhaustive. There can be no assurances that forward-looking statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws. Contact Information:Almadex Minerals 604.689.7644Email: info@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
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Nicola Mining Hires Vicente Garcia as Senior Geologist
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2025) - Nicola Mining Inc. (TSXV: NIM) (OTCQB: HUSIF) (FSE: HLIA) (the "Company" or "Nicola") is pleased to announce that it has hired Vicente García as Senior Geologist. His experience is expected to deepen the Company's copper porphyry expertise, as it commences an aggressive 2025 exploration program. Mr. García has over seven years of exploration experience across porphyry Cu-Mo, IOCG, stratabound-copper, epithermal gold-silver, and lithium-rich brine systems. He holds a in Geology from the University of Concepción in Chile. After graduating, he worked for several years with Kura Minerals, an exploration consulting company, where he was involved in programs targeting a variety of commodities. He later joined Quiborax, where he focused on the exploration of Ulexite in salar environments. In 2020, he founded Mayal Exploration, a consulting company through which he provided geological services including drill core re-logging, surface mapping, and 3D geological modeling for various mining clients in Chile. In 2022, Mr. García relocated to Canada and joined Dahrouge Geological Consulting, contributing to Ni-Cu sulfide and lithium pegmatite exploration projects in the Timmins region of Ontario and the James Bay area of Quebec. Before joining Nicola Mining, he worked at Anglo American, where he supported international exploration programs targeting Cu-Mo porphyry systems in Arizona and orthomagmatic Ni-Cu-PGE systems in Greenland. Mr. García's experience and technical knowledge is a valuable addition to Nicola's exploration team. Peter Espig, CEO of Nicola Mining Inc., commented, "Nicola continues to aggressively execute on both operations and exploration. Recently, the Company has garnered significant media relating to gold and silver production; however, we truly believe in the copper exploration upside of our New Craigmont Project. In addition, Vincente and Will Whitty, our VP of Exploration, will look at conducting exploration on the backside of our fully permitted Treasure Mountain Silver Mine. We look forward to providing a news explanation on our 2025 Exploration Plan at the New Craigmont Project in the near future." Qualified PersonWilliam Whitty, P. Geo., the Company's VP Exploration, is the Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and supervised the preparation, review and has also approved the technical information in this release. About Nicola MiningNicola Mining Inc. is a junior mining company listed on the TSX-V Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high-grade BC-based gold projects. Nicola's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. The Company owns 100% of the New Craigmont Project, a property that hosts historic high-grade copper mineralization and covers an area of over 10,800 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada's largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares. On behalf of the Board of Directors "Peter Espig" Peter EspigCEO & Director For additional information Contact: Peter EspigPhone: (778) 385-1213 Email: info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
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Noble Plains Uranium Secures Strategic Ground in Heart of Shirley Basin Uranium District
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - Noble Plains Uranium Corp. (TSXV: NOBL) (OTCQB: IXIXF) (FSE: INE) ("Noble Plains" or the "Company") is pleased to announce that it has secured an option to acquire a 100% interest in 30 highly strategic mineral claims collectively called the Shirley Central Property in the prolific Shirley Basin of Wyoming, a historically productive and infrastructure rich uranium district in the United States. Several of the Shirley Central Property claims lie directly within Ur-Energy Inc.'s Shirley Basin permit boundary, while others are surrounded by Uranium Energy Corp's (UEC) land package-placing Noble Plains in the middle of a rapidly developing uranium hub. Ur-Energy Inc.'s Shirley Basin Project currently hosts a National Instrument 43-101 compliant Measured (1,367,000 short tons) and Indicated (549,000 short tons) Resource of 8.816 million pounds U₃O₈ at 0.23%1 and is under active construction2. "This acquisition is a clear reflection of our strategy-targeting sound geological projects in premier U.S. uranium jurisdictions," stated Drew Zimmerman, President of Noble Plains. "We're focused on acquiring brownfield assets with proven potential and strong ISR amenability, and this new land package in the Shirley Basin is a prime example." Figure 1: Shirley Central Property Acquisition Map To view an enhanced version of this graphic, please visit: The Company has obtained, digitized, and interpreted historical aerial photos and records to reveal at least five distinct areas of dense, systematic drilling within the Shirley Central Property as conducted by past operators, such as Kerr-McGee (see Figure 1). These were drilled between former producing open-pit mines, targeting uranium mineralization with denser grid spacing (25m by 25m) designed to delineate higher-grade zones. Historic exploration density strongly suggests high-confidence targets for future ISR resource delineation. Noble Plains plans to fast-track permitting to begin drilling on these "bullseye" targets by late summer 2025. "The Shirley Basin is very well-understood geologically and in a historically productive uranium district in the United States," said Paul Cowley, CEO of Noble Plains. "This land package sits between past-producing open pits and has dense historical drilling with clear signs of mineralization that make it an exceptional geological opportunity with five "bullseye" targets already identified for drill testing." The Shirley Central Property adds to the Company's Shirley East Property (aka Hot Property), expanding Noble Plains' Shirley Basin footprint to a total of 101 unpatented mineral claims covering 8.44 km² (3.26 mi²), consolidating the Company's position in a premier U.S. uranium district (see Figure 2). Figure 2: Noble Plains' Properties in Shirley Basin (pink and red) To view an enhanced version of this graphic, please visit: Shirley Basin Wyoming is the top uranium-producing state in the U.S. and hosts the country's largest ore reserves. The Shirley Basin alone produced over 52 million pounds of U₃O₈ between 1960 and 1992 at an average grade of 0.22% U₃O₈ -over three times the current U.S. average. With ISR now the dominant method of uranium production in Wyoming, these newly optioned claims are especially compelling. ISR offers lower capital and operating costs, minimal surface disturbance, and no tailings-aligning with Noble Plains' commitment to environmentally responsible development. 1 Updated Initial Assessment Technical Report Summary on Shirley Basin ISR Uranium Project, Carbon County Wyoming, USA dated March 4, 2024 and prepared by Western Water Consultants, Inc.2 Ur-Energy Announces Decision to Build Out Shirley Basin Mine: Press Release dated March 13, 2024 Terms of Transaction The Company has signed a property option agreement (the "Agreement") effective June 1, 2025, with a private vendor pursuant to which the Company can acquire a 100% interest in the Shirley Central Property. Pursuant to the Agreement, the Company will pay US$50,000 annually to the vendor. Between the third anniversary of the effective date of the Agreement and a construction decision, the Company can exercise the option to own a 100% interest in the Shirley Central Property subject to a 3% gross value royalty. At that time, annual option payments of US$50,000 convert to an annual US$50,000 milestone payment. The Shirley Central Property option transaction is considered an Exempt Transaction, as such term is defined in the policies of the Exchange and, thus, does not require Exchange approval. On Behalf of the Board of Directors, "Paul Cowley", CEO For further information, please contact: Paul Cowley: (604) 340-7711 Website: Bradley Parkes, VP Exploration and Director of Noble Plains Uranium Corp., is the Qualified Person as defined in National Instrument 43-101, who has read and approved the technical content of this news release. This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit
Yahoo
5 days ago
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Auric Minerals Announces Completion of Phase 1 Exploration on the Bub Property in Central Mineral Belt, Labrador
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - Auric Minerals Corp. (CSE: AUMC) ("Auric" or the "Company") is pleased to report the successful completion of Phase 1 fieldwork at its Bub Uranium Property ("Bub" or the "Property") in Labrador's Central Mineral Belt ("CMB"). In spring 2025, a four-person geological team collected 60 lake-bottom sediment samples and 9 rock samples over four field days operating out of Goose Bay, Labrador. Chris Huggins, CEO, commented: "Completing this first-pass geochemical program so early in the field season gives us a robust foundation for the year ahead. Analytical results expected in the coming weeks will guide tighter follow-up work and help vector us toward high-priority drill targets. We are excited to share the analytical results with shareholders and to keep building momentum at Bub." Phase 1 Sampling Highlights 60 lake bottom sediment samples systematically collected across high-priority radiometric anomalies and structural trends. 9 rock samples taken from exposed outcrop coincident with geophysical and geochemical targets. Program executed safely and on schedule by a crew of four using a chartered helicopter based in Happy Valley-Goose Bay, Labrador. Analytical results are expected in the coming weeks; the Company will report findings once received and interpreted. The Phase 1 sampling described above directly tests these radiometric and structural targets and will refine Auric's understanding of uranium dispersion across the Property. About the Bub Property Location: 55 km southwest of Postville, NL and 200 km northeast of Auric's Route 500 Project. Geology: Situated in the southern CMB along regional structures hosting deposits such as Michelin, Mustang and Jacques Lake. Targeting Rationale: Radiometric anomalies correlate with anomalous uranium in historical lake-sediment data within a northeast-trending, structurally controlled corridor. To view an enhanced version of this graphic, please visit: Next Steps Upon receipt of assay results, Auric plans to: Integrate new geochemical data with existing geophysical models. Define follow-up ground mapping, prospecting and detailed sampling grids for summer 2025. Finalize drill target selection for a planned inaugural drill campaign at Bub. Qualified Person Statement The technical information in this news release has been reviewed and approved by Jeremy Hanson, a Qualified Person as defined by National Instrument 43-101. About the Company Auric is a mineral exploration company based in Oakville, Ontario and holds options over the Route 500, Bub and Portage Uranium properties in Labrador, Manic, Kawip and Kaboose properties in Quebec, and the Goodeye property in British Columbia, Canada. Note: Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology of the Company's properties. AURIC MINERALS CORP. Chris Huggins, Director, and CEO For more information, please call Chris Huggins at (604) 968-4844 or email chris@ Forward-Looking Statements Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company's intentions, plans and future actions described herein and the terms thereon. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
