Latest news with #diamonddrilling
The Australian
30-07-2025
- Business
- The Australian
NNL eyes golden jackpot in Finland
Nordic starts diamond drilling in Finland to test shallow extensions of gold mineralisation at its Kopsa project Drilling will also test deeper anomalies under the existing resource and further along strike Company will additionally drill selected targets at the Kiimala Trend project area Special Report: Nordic Resources has launched diamond drilling to test shallow targets for near-surface extensions along strike of existing resources at its Kopsa copper-gold project in Finland. Kopsa is the largest of the company's three gold resources in the Middle Ostrobothnia Gold Belt of Finland and has a resource of 23.2Mt grading 1.09g/t gold equivalent, or 814,800oz of contained AuEq. Besides testing the shallow targets, the drill program of ~5000m will also explore deeper extensions of the system for the first time and gather samples for detailed metallurgical testing. Nordic Resources (ASX:NNL) also plans to test certain gold prospects within the Kiimala Trend project area – another of the three resources in the MOGB. It follows the company defining a maiden resource of 264,000oz gold at the Hirsikangas project earlier this month, taking its total inventory up to 1.23Moz. The Finland gold projects. Pic: Nordic Resources Gold projects The Kopsa, Kiimala Trend and Hirsikangas projects sit within the MOGB, which contains a number of gold and base metal deposits that are structurally controlled by the Raahe-Ladoga Trend. It represents a geological extension to the Gold Line and associated VMS trend seen in neighbouring Sweden though it is relatively underexplored on the Finnish side. All three of the company's projects have significant exploration upside and are located within 75km of each other. There is a significant level of development optionality as the MOGB region hosts two third-party processing plants. More from NNL: Nordic embarks on discount Finnish gold dig First Quantum Minerals' 1.4Mtpa Pyhasalmi copper-zinc-pyrite processing plant remains in reduced operation and is 40km to the east of Kopsa while the formerly operating gold mine and plant at Laiva is 120km to the northwest. While the 2.2Mtpa Lavia plant is relatively new, having been completed in 2012, it is currently on care and maintenance. Both existing plants, or a standalone plant at Kopsa, would be potentially accessible by road or road/rail from the Kopsa, Kiimala Trend and/or Hirsikangas projects. NNL's diamond drilling will include about 4500m to test near-surface extensions along strike at Kopsa along with testing previously undrilled geophysical anomalism underneath the known mineralisation and anomalies further along strike for potential near-surface satellite deposits. The company also plans to carry out 500m to 1000m of drilling to test the least two of the known gold prospects at Kiimala Trend. This article was developed in collaboration with Nordic Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Associated Press
07-07-2025
- Business
- Associated Press
PPX Continues the Drilling in the Callanquitas West Area from the Underground Mine, Obtaining 41.7 g/t Au and 179.2 g/t Ag Over 3.2 M, Included 80.45 g/t Au Over 0.5 M in Ca-25-16
TORONTO, ON / ACCESS Newswire / July 7, 2025 / PPX Mining Corp. (the 'Company' or 'PPX') is pleased to announce that it is continuing its 4,300 meters diamond drilling program in coordination with the Proyectos la Patagonia S.A.C. (PLP), company partner. This drill program is carried out from inside the mine and the intercept at Callanquitas West breccia of three drillholes are as follows. The drillhole CA-25-16, in Callanquitas oxide breccias, grades 41.70 g/t Au and 179.2 g/t Ag over 3.20 meters, includes 34.62 g/t Au and 212.5 g/t Ag over 1.95 meters; also includes 80.45 g/t Au and 207.0 g/t Ag over 0.5 meters, and 45.61 g/t Au over 0.40 meters. The drillhole CA-25-15 intersected a narrow mineralized Callanquitas breccia with 0.30 meters grading 0.73 g/t Au and 34.5 g/t Ag. The last drillhole CA-25-14 intersected the Callanquitas structure grading 0.96 g/t Au and 231.4 g/t Ag over 1.25 meters and a second mineralized zone grading 3.37 g/t Au and 10.2 g/t Ag over 2.85 meters and includes 4.45 g/t Au over 1.20 meters (See Table 1). The drillholes were drilled as follows, CA-25-16 oriented at N292°E plunging -17°, CA-25-15 oriented N300°E plunging -23°; and CA-25-14 oriented N263°E plunging -18° (See Plan View Figure 1, and Sections Figure 2, 3 and 4). The drillholes CA-25-16, in the oxide zone, CA-25-15 in the sulfide zone, and CA-25-14 in the oxide zone, all intersected the Callanquitas West Breccia. The drillhole CA-25-14 also intersected a second parallel structure grading 3.37 g/t Au and 10.2 g/t Ag over 2.85 meters. Best mineralized intersections are presented below in the Table 1. Table 1. Mineralized Intercepts. * True Width ('TW') is approximately 70% of the drill width. ** Au Eq using: Au US$3200/oz, Ag US$30/oz The drillholes all intercepted the Callanquitas West structure, which is located in the northern area, and with drilling carried out in 2017, 2024 and now in 2025. The mineralized intercept of CA-25-16 is located 80 meters below the drillhole CA-24-09 (See Figure 4, Level Plan and Section Figure 1 and 5). The drillhole CA-25-14 is 55 meters north and below CA-24-10 (0.9 meters at 10.46 g/t Au) (See Figure 2, Level Plan and Section Figure 1 and 5). The core width in CA-25-16 is HQ3 down to 219.80 meters and ending in NQ3. The drill hole CA-25-14 is all drilled in HQ3. The mineralized intercept in CA-25-15 is located between CA-25-12 (Press Release May, 2025) and CA-25-16. The drillhole CA-25-15 is 30 meters South of CA-25-12 and 50 meters below CA-25-12 (See Figure 3). The core width in CA-25-15 is HQ3 down to 278.80 meters and ending with NQ3. All the drillholes, CA-25-14, CA-25-15 and CA-25-16, are drilled from underground in the mine. The intercepts from drillholes CA-25-14, CA-25-15 and CA-25-16 confirmed the continuity of the Callanquitas West mineralized breccia, and with high Au grades in the holes CA-25-14 (4.45 g/t Au over 1.2 meters) and CA-25-16 (41.70 g/t Au over 3.20 meters). The drillhole CA-25-15 grades 0.73 g/t Au over 0.3 meters. The silver grades in these holes are high as illustrated in the Table 1. The drillhole CA-25-16 was not completed due to mechanical limitations of the drilling machine and lithological complications. Callanquitas West consists of several hydrothermal breccia events and faults that were mineralized at different stages. The units are quartz arenites, siltstones, sandstones and dacites. There is hydrothermal alteration with predominantly sericite and quartz in these rocks. The mineralization drilled by the two drillholes CA-25-14 and CA-25-16 is within Fe oxides (FeOx). These FeOx are located in the matrix of the hydrothermal breccia and replaced by more than 20% goethite and limonite and in addition with some sections being totally replaced by FeOx. The results in hole CA-25-16 with the high Au grades in Callanquitas West structure, supports the idea of a similar mineralizing style as in Callanquitas East. An improvement in the mineralization seen in the drill holes CA-25-16 and CA-25-13 (Press Release May 2025) appear to demonstrate the presence of an ore shoot with a breccia thickness of greater than 2 meters. PPX, in coordination with PLP, agreed to carry out the sampling of the mineralized structure within these drillholes. The sampling of the Callanquitas breccia and adjoining host rock was prioritized for the three holes. All of the sampling and results from the drillholes CA-25-14, CA-25-15 and CA-25-16 were all completed and reported in this press release. The reported holes CA-25-14, CA-25-15 and CA-25-16 do demonstrate very well the continuity of the mineralization within the Callanquitas structure and breccias (See sections Figure 2, 3 and 4). In the longitudinal section (Figure 5) we can observe that the mineralization in CA-25-14 continues at depth about 55 meters north and down from the drill hole CA-24-10. The mineralization from the current drillhole CA-25-16 continues to the north of CA-25-14 about 120 meters on the Callanquitas West structure and 80 meters below drillhole CA-24-09 (See Figure 1 and 4), and is open at depth extending below CA-25-13. The drillhole CA-25-14 and CA-25-16 demonstrate that the objectives were attained by intercepting the mineralization in these two drillholes. The mineralized intercept in the drillhole CA-25-15 is located 55 meters below that drillhole in CA-25-12. The breccia widths thin out and the Au grades decrease at this point and observed in CA-25-15. This will be verified and tested with new drillholes. John Thomas, CEO of PPX Mining Corp., commented: 'The drilling program carried out gives good valuable information and shows the continuity of the Callanquitas West structure. The high Au grade intercepts and the presence of FeOx minerals in the two holes (CA-25-14 and CA-25-16) demonstrate the drilling success, the increasing possibility of locating a high-grade mineral ore shoot in Callanquitas West. The Company ended drilling one more drillhole along this structure Callanquitas West Breccia/Vein - Callanquitas (Pendent assay), and started drilling the sulfide vein with high Ag, Au and Cu grades at depth to establish the extent of the high-grade mineralization intercepted by the drill hole CA-24-07.' Core Sampling and QA/QC Protocols: PPX geologists collect core diamond drill core samples of HQ3(63.5mm) at the start of the drillholes to depths of 200 meters to 250 meters and when drilling is difficult change to NQ3(45mm). The geologists collect diamond drill core samples immediately following geological and geotechnical logging. Samples are collected based on natural fractures and their geological characteristics based on their individual runs. Samples are separated by obvious geological boundaries such as rock types, mineralization styles, and hydrothermal alteration associations. Samples are collected by cutting the core in half, using a diamond saw. The second half is retained for future review analysis, future studies, and reference. Samples are sealed, labeled and stored in a secure area before shipment to SGS laboratories in Trujillo-Lima, Peru. Gold analyzes are performed using a fire assay and atomic adsorption/gravimetry, and silver ICP - multiacid. Blanks, standards and duplicate are inserted approximately every 5 samples; Duplicate fire assay tests approximately every 30 samples are sent to a second laboratory for reanalysis. The gold equivalent is calculated as: Au Eq = (Au gpt) + (Ag gpt/107). All scientific and technical information contained in this press release has been reviewed and approved by Eddy Canova, PGeo., External Consulting Geologist of PPX Mining Corp., who is a qualified person within the meaning of National Instrument 43-101. On behalf of the Board Members John Thomas Chief Executive Officer 82 Richmond Street East Toronto, Ontario M5C 1P1 Canada 416-361-0737 Neither 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. Cautionary Statement This press release contains forward-looking information and forward-looking statements (collectively, 'forward-looking statements') as such terms are defined by applicable securities laws, including, but not limited to statements regarding test results, future plans or management estimates. Forward-looking statements are statements that relate to future events. In this context, forward-looking statements often address expected future business plans and financial performance and often contain words such as 'anticipate,' 'believe,' 'plan,' 'estimate,' 'expect,' and 'intend,', statements that an action or event 'may,' 'might,' 'could,' 'potentially,' 'should,' 'would' or 'will' be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control, and the Company's actual results could differ materially from those stated or implied in forward-looking statements due to many various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to obtain any required regulatory approvals, if applicable. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward-looking statements. All forward-looking statements contained in this press release are made as of today's date, and the Company undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law. SOURCE: PPX Mining Corp. press release
Globe and Mail
20-06-2025
- Business
- Globe and Mail
Scorpio Gold Commences 2025 Drilling at the Manhattan District and Plans Initial Resource Estimate
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2025) - Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) (" Scorpio", " Scorpio Gold", or the " Company") is pleased to announce a Phase One diamond drill program totalling 3,400 metres (" m") in 12 holes at the 100% owned Manhattan District (" Manhattan") located in Nevada, USA (see Figure 1). Drilling commenced on April 29, 2025 and four holes have been drilled to date, totalling 1,389 m. Scorpio plans to release an initial resource estimate for Manhattan in Q3, 2025. Scorpio has also digitized an enormous quantity of historical data, dating back to the 1950s, for incorporation into the resource estimate, as well as property scale exploration and other work, such as planned metallurgical studies. In terms of previous drilling, approximately 140,000 m in 1,568 holes have been added to the digital database that have not previously been used for resource estimation. Using current costs, the replacement value of this drilling is estimated to be approximately US $50,000,000. Phase One drilling is focused on three target areas: (1) the Gap Zone, located between the historic Goldwedge and West Pit mines; (2) the Zanzibar Trend, connecting the Goldwedge to the third target zone; and (3) at Mustang Hill's historic underground mines, see Figure 2. Drilling aims to follow up on the intercepted Zanzibar Trend in hole 24MN-009, with an interval of 1.69 grams per ton (" g/t") Au over 55.6 m (see news release dated December 11, 2024), and Mustang Hill which was intercepted with an interval of 3.89 g/t Au over 41.2 m (see news release dated October 6, 2022 and Figure 3). Figure 1 - Regional Location Map Kinross, Round Mountain Mine, data can be found on Kinross's website. To view an enhanced version of this graphic, please visit: Zayn Kalyan, Scorpio Gold's CEO states; "This year will be a pivotal year for Manhattan as we plan to issue a maiden resource in Q3 and then expand on this in Q4 and going forward in 2026. Additionally, metallurgical testing will begin immediately using drill core from the ongoing program and continue in parallel with drilling, with the goal of confirming and improving on previous results. With the large amount of historic workings and past producing assets on the property, and Kinross' Round Mountain gold mine just 15 km to the north, on the north side of the Manhattan Caldera structure, I believe Manhattan has the potential to become a multi-million-ounce gold asset." *Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology at Manhattan. Harrison Pokrandt, Scorpio Gold's VP of Exploration states;"The first phase of the 2025 program targets immediate expansion on our upcoming resource. Previous operators have failed to consolidate the Manhattan claim package leaving areas such as the Gap Zone, connecting the West Pit to the Goldwedge Mine untested. This situation has now been resolved, just one of the factors that now allow Scorpio to fully unlock the potential of the district. Further to the Gap Zone, the Company aims to test the Zanzibar Trend and Mustang Hill. These holes target shallow ounces within and adjacent to the resource area and initial assay results are expected in July." Figure 2 - Plan view map of 2025 Phase 1 drill hole collars and target locations, with significant previous results noted. To view an enhanced version of this graphic, please visit: Figure 3 - Cross section of 2022 drilling results from drill hole MWRC22-021. See news release dated May 12, 2022. To view an enhanced version of this graphic, please visit: About the Manhattan District Manhattan lies in the Walker Lane Trend of Nevada, USA, is road accessible, and is located approximately 20 kilometres south of the active Round Mountain Gold Mine, which has produced greater than 15 million ounces (" oz") of gold (" Au"). For the first time in history, the Company has amalgamated the district's past-producing mines under one entity, which has valuable permitting and water rights. Manhattan has historical Au production dating back to 1906 from high grade placer and lode operations. Manhattan is interpreted as a low sulfidation epithermal Au rich deposit, which sits adjacent to the Tertiary aged Manhattan caldera in the Southern Toquima Range of Nevada. Qualified Person The technical information in this news release has been reviewed and approved by Thomas Poitras, P. Geo., Chief Geologist of Scorpio Gold, a "Qualified Person", as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects. About Scorpio Gold Corp. Scorpio Gold holds a 100% interest in two past producing projects, the Manhattan District and the Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, USA. Scorpio Gold's Manhattan District is ~4,780-hectares and comprises the advanced exploration-stage Goldwedge Mine, with a 400 ton per day gravity mill, and four past-producing pits that were acquired from Kinross in 2021. The consolidated Manhattan District presents an exciting late-stage exploration opportunity, with over 100,000 metres of historical drilling, significant resource potential, and valuable permitting and water rights. Scorpio Gold also holds a 100% interest in the Mineral Ridge gold project located in Esmeralda County, Nevada. With a proven and probable resource, valuable permits, water rights, and infrastructure, Mineral Ridge has significant near-term development potential. ON BEHALF OF THE BOARD OF SCORPIO GOLD CORPORATION Zayn Kalyan, Chief Executive Officer and Director Tel: (604)-252-2672 Email: zayn@ Investor Relations Contact: Kin Communications Inc. Tel: (604) 684-6730 Email: SGN@ Forward-Looking Statements The Company relies on litigation protection for forward-looking statements. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding: Phase One and the expected timing and scope thereof and the expected timing of the results therefrom; the potential of Manhattan to become a multi-million-ounce gold asset; the Company's plan to issue a maiden resource for Manhattan in Q3 and to expand on it in Q4 and 2026; and the Company's ability to fully unlock the potential of the Manhattan district. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including those risk factors outlined in the Company's Management Discussion and Analysis as filed on SEDAR+. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Associated Press
19-06-2025
- Business
- Associated Press
Apex Critical Metals Receives Multi-Year Permit and Preps Drill Program at CAP Project, British Columbia
VANCOUVER, BC / ACCESS Newswire / June 19, 2025 / Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF)(FWB:KL9) ('Apex' or the 'Company') is pleased to announce it has received a five-year Multi-Year Area-Based Exploration Permit (MYAB) and has advanced plans for a 2025 summer diamond drill program at its Cap Project (the 'Project') located in east-central British Columbia. Drilling is expected to commence in mid-July, with approximately 1,000 to 1,500 metres of core drilling anticipated. The 2025 campaign marks the Company's inaugural drill program at CAP, and the first program on the Project since 2017, when mineralized carbonatite was intersected in drillhole CAP17-004. The 2025 drilling program will target the 1.8 km-long niobium-in-soil anomaly and mineralized carbonatite outcrops identified by the Company in 2024. (see news release dated November 12, 2024, Figure 1). These areas remain untested by previous drilling. Cap Project highlights from 2024 exploration include (see Figure 1): 'We are eager to advance the CAP Project to the drill stage,' notes Sean Charland, CEO of Apex Critical Metals. 'The 2025 program is designed to evaluate the scale and depth potential of the newly discovered carbonatite-hosted niobium and REO mineralization. With a strong foundation from our 2024 work, we're looking forward to testing some of the most compelling targets identified to date.' Apex received a five-year Multi-Year Area-Based Exploration Permit (Permit Number MX-11-251, the 'MYAB Permit'), effective November 6, 2024, encompasses most of the CAP Project. The MYAB Permit allows for Apex to complete the following key exploration activities: Figure 1. CAP property highlights Quality Assurance / Quality Control All 2024 rock samples were collected in the field using a hammer and chisel. Soil samples were collected from the presumed B horizon using a hand auger and/or geotool. Stream concentrate samples were collected by fill approximately ¾ of a 12x20 cm sample bag with stream sediment. The material was first passed through a 1/8-inch sieve yielding a fine fraction that was then processed using both 14" LeTrap plastic pans to concentrate the heavy fraction, resulting in approximately tens of grams per sample. The concentrate was then carefully transferred to a pre-labeled zip-lock sample bag with a corresponding sample book tag and sample number Locations for all sample types were obtained using a handheld GPS or tablet with samples placed in pre-labelled sample bags. Metal tags with the sample numbers and flagging tape were left at each sample location. Samples were shipped using Manitoulin Transport to Actlabs Laboratory in Kamloops BC. Rock samples were prepped via RX1, Dry, crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 µm. Analysis consisted of Code 8 by XRF Nb₂O₅, ZrO2 and Ta2O5 (0.003%), Code 8 - REE Assay, and 1A2 Au Fire Assay - AA, 30g weight, 5-5,000 ppb. Soil and stream concentrate samples were prepped using code S1-230, which requires drying (60°C) and sieving (-63 µm). Analysis consisted of packages 4B2-STD, Lithium Borate Fusion / ICP-MS Trace Element package, and 1A2 Au Fire Assay - AA, 30g weight, 5-5,000 ppb A Quality Assurance/Quality Control protocol was incorporated into the rock sampling program and included the insertion of two certified reference material ('CRM's) and one quartz blank representing approximately 9% of submitted samples. For the soil sampling and stream concentrate sampling, a total of five CRMs were inserted into the sample stream representing approximately 1% of the submitted samples, with the Company also relying on the internal QA/QC procedures of Actlabs. Management cautions that prospecting surface rock samples, soil samples, stream concentrate samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled. Qualified Person The technical content of this news release has been reviewed and approved by Nathan Schmidt, P. Geo. (EGBC Licence 48336), Geologist for Dahrouge Geological Consulting Ltd. (EGBC Permit to Practice 1003035), and a Qualified Person under NI 43-101 on standards of disclosure for mineral projects. Mr. Schmidt has verified all scientific and technical data disclosed in this news release including the sampling and QA/QC results, and certified analytical data underlying the technical information disclosed. Mr. Schmidt noted no errors or omissions during the data verification process. The Company and Mr. Schmidt do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the assay data disclosed in this news release. About Apex Critical Metals Corp. (CSE: APXC) (OTCQB: APXCF) (FWB: KL9) Apex Critical Metals Corp. is a Canadian exploration company specializing in the acquisition and development of properties prospective for carbonatites and alkaline rocks with potential to host economic concentrations of rare earth elements (REE's), niobium, gold and copper mineralization. Apex's Cap Property located 85 kilometres northeast of Prince George, B.C., spans 25 square kilometres and hosts a recently identified promising 1.8-kilometre niobium in soil trend. The Company's Bianco carbonatite Project encompasses 3,735 hectares covering a large carbonatite complex within an area known for significant niobium mineralization in northwestern Ontario. The Lac Le Moyne Project covers approximately 4,025 ha, and is situated several kilometers to the northwest of Commerce Resources Corp.'s Eldor Carbonatite Complex located in Quebec, Canada. Carbonatites are extremely rare rock types, with fewer than 600 known worldwide. They are host to rare earth element ('REE') minerals, niobium, tantalum and phosphate, as well as copper and gold. Carbonatites are host to the world's largest and most productive niobium deposits, including Araxa and Catalão in Brazil, and Niobec in Quebec. In addition, they are the primary source of REEs, including Mountain Pass in California, Mount Weld in Australia, and Bayan Obo in China. They are also important sources of phosphate (apatite), including Cargill, Ontario, while the Palabora mine in South Africa has produced copper, nickel, gold, magnetite, and vermiculite. Other carbonatites are known to have produced gold, iron, zirconium, fluorite, and other industrial minerals. By acquiring a multitude of carbonatite projects, Apex intends to investigate potential high-value opportunities to meet the growing global demand of specialty metals across various industries. Apex is publicly listed in Canada on the Canadian Securities Exchange (CSE) under the symbol APXC, and quoted on the OTCQB market in the United States under the symbol APXCF, and in Germany on the Borse Frankfurt under the symbol KL9 and/or WKN: A40CCQ. Find out more at and to sign up for free news alerts please go to or follow us on X (formerly Twitter), Facebook or LinkedIn. On Behalf of the Board of Directors APEX CRITICAL METALS CORP., Sean Charland Chief Executive Officer Tel: 604.681.1568 Email: [email protected] Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release may contain 'forward-looking statements' under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include statements with respect to the start of the Company's anticipated drilling program and the Company's intention to further investigate high-value opportunities on its properties for specialty metals. Forward-looking statements are subject to various known and unknown risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Risks that could change or prevent these events, activities or developments from coming to fruition include: that we may not be able to fully finance any additional exploration on the Company's properties; that even if we are able raise capital, costs for exploration activities may increase such that we may not have sufficient funds to pay for such exploration or processing activities; the timing and content of any future work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful or samples derived from our properties may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for REE and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; geopolitical risks which may result in market and economic instability. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. SOURCE: Apex Critical Metals Corp. press release
Yahoo
26-05-2025
- Business
- Yahoo
AuMEGA Metals Commences Diamond Drilling at Cape Ray and Announces Partial Diamond Drill Results from Bunker Hill
Key Highlights Diamond Drilling Recommences: Planned up to 10,000 metres of diamond drilling (success dependent) along with mapping, and sampling across high-priority targets at Cape Ray and Bunker Hill. Encouraging Early Drill Results at Bunker Hill West: Diamond drill hole CRD396 intersected 1.84 g/t gold over 1.0 metres including 5.58 g/t gold, 96 g/t silver, and 3.64% lead over 0.3 metres-supporting the presence of a larger mineralised system along the Branch Fault. Multiple Catalysts Ahead: Assays pending from nine diamond holes and 147 RC base-of-till holes - results expected in coming weeks. New Targets Emerging at Cape Ray: Electromagnetic (EM) survey underway targeting structural complexity and graphite-rich rocks; results expected in June to guide Cape Ray West drilling. Strong Treasury of C$13.1 Million in Cash1: Fully funded to deliver one of the largest and most systematic exploration campaigns in AuMEGA's history. Edmonton, Canada--(Newsfile Corp. - May 26, 2025) - AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to announce the launch of its spring field exploration program at the Cape Ray Project, alongside the receipt of partial assay results from its winter diamond drill campaign at Bunker Hill, both located along the Cape Ray Shear Zone (CRSZ) in Newfoundland and Labrador, Canada. With a strong cash position of C$13.1 million as at 31 March 2025, the Company is fully funded to execute one of its most ambitious exploration programs to date. This includes extensive follow-up drilling and fieldwork designed to build on recent discoveries and advance the Company's district-scale land package in what is emerging as Canada's next major gold district. AuMEGA Metal's Managing Director and CEO, Sam Pazuki, commented: "Our spring exploration program is now in full swing, and the results from these activities will further sharpen our understanding of this underexplored yet highly prospective gold district. Initial diamond drilling at Bunker Hill West, particularly hole CRD396, has delivered an encouraging intercept that underscores the potential scale and strength of the mineralised system along the Branch Fault. Combined with historical high-grade outcrops and structural data, these results point to a potentially large and generally untested gold system. "These early successes validate our strategic focus on major structural targets off the Cape Ray Shear Zone and demonstrate the value of integrating RC and diamond drilling to effectively vector into high-potential zones. These are areas never tested, and in many cases never explored. Most previous explorers focused exploration efforts on the main CRSZ and within the current mineral deposit zones at Cape Ray. "Drilling is now active testing for new discoveries along strike of those existing resources at Cape Ray, while also advancing new targets at Cape Ray West with support from airborne geophysics. We continue to plan for up to 10,000 metres of drilling however, the amount of metres drilled will be strictly based on success and weather. The Company may elect to drill more or less as the program evolves. "With a strong treasury of C$13.1 million, we are fully funded to execute one of the largest and most systematic exploration programs in our history. We have mobilised teams across multiple targets, are generating significant new data, and are positioning AuMEGA to make meaningful discoveries in what we believe is emerging as Canada's next major gold belt." Figure 1: AuMEGA Metals Bunker Hill Project To view an enhanced version of this graphic, please visit: Partial Diamond Drilling Results During the shortened winter diamond drill program, AuMEGA Metals completed 15 drill holes totaling 3,673 metres. Drilling focused on two key areas: six stratigraphic drill holes were drilled at the Nitty Gritty target, while the remaining holes tested the structural corridor extending between Nitty Gritty and Bunker Hill West (Figure 2). This includes follow-up diamond drill holes that tested encouraging Reverse Circulation (RC) drill anomalies-most notably hole CRC0284, which previously returned a significant insitu gold anomaly of six metres at 0.42 g/t on a major second order structure off the CRSZ2 (Figure 2). The Company has now received assay results from seven diamond drill holes with the remaining nine drill holes expected to be returned over the coming weeks. One of these drill holes confirmed anomalous gold mineralisation associated with the Branch Fault, a major geological structure first identified and reported by the Company in 20243 (Figure 2). A standout result came from diamond drill hole CRD396, which intersected 1.84 g/t gold over 1.0 metre, including a higher-grade interval of 5.58 g/t gold, 96 g/t silver, and 3.64% lead over 0.3 metres from 10 metres (Figure 3). This intercept lies approximately five kilometres east of the historic 18.7 g/t gold outcrop at the intersection of the Branch Fault and the CRSZ, within the Bunker Hill West target area4. This result reinforces the potential for a larger mineralized gold system along the Branch Fault and establishes a promising vector for future exploration (Figure 4). The Company plans to initiate inaugural drilling at Bunker Hill West in mid-2025, leveraging these results to refine its targeting along the Branch Fault. At the Nitty Gritty target, diamond drill hole CRD392 returned one metre at 0.33 g/t gold from 63 metres within a fault zone, confirming the presence of mineralising fluids within the system (Figure 2). Three other drill holes at Nitty Gritty did not return significant mineralisation, however, it has provided valuable structural and geological context that will inform upcoming drill plans within the broader Nitty Gritty target area. Figure 2: Bunker Hill Drill Program Overview To view an enhanced version of this graphic, please visit: Figure 3: Cross Section of reverse circulation (CRC0284) and diamond (CRD396) drill hole traces To view an enhanced version of this graphic, please visit: Figure 4: RC Results Overview and Bunker Hill West Target Area To view an enhanced version of this graphic, please visit: Bunker Hill Next Steps Assay results remain pending for nine diamond drill holes and all 147 RC base-of-till (BOT) holes completed during the winter program. The Company is actively reviewing received assay data and integrating it with historical datasets to refine its targeting strategy for the upcoming summer drill program, scheduled to commence in mid-2025. When drilling resumes at Bunker Hill, the initial focus will be on Bunker Hill West, a high-priority target area that hosts multiple major geological structures - including the Branch Fault - and is the site of historic high-grade gold samples, including 18.7 g/t gold from outcrop5 (Figure 4). In addition to Bunker Hill West, the Company intends to drill several new targets generated from the winter bottom-of-hole (BOH) program, as well as conduct follow-up drilling at Nitty Gritty, where further structural and lithological targets are being refined. The summer field program will also include detailed mapping and systematic rock and soil sampling across underexplored areas of high prospectivity, including the full 20 kilometres of strike the Company holds along the Branch Fault. The recently staked ground south of the CRSZ at Bunker Hill will also be assessed. Both areas of interest have received limited historical exploration6. Cape Ray Field Exploration AuMEGA has officially launched its spring and summer exploration program at the Cape Ray Project, with a dual focus on expanding the existing resource base and identifying new mineralised bodies along strike several kilometres from current deposits. Diamond drilling along strike of the existing mineral resource has commenced. The total drill program planned for Cape Ray is up to 5,000 metres of drilling. Figure 5: Cape Ray Project Exploration Program Overview To view an enhanced version of this graphic, please visit: As part of this effort, the Company is conducting an EM geophysical survey aimed at delineating structural complexity and identifying graphitic schists-host rocks associated with current mineral resources7 (Figure 5). Results from this airborne EM survey are expected in June, and will be integrated with ongoing geological mapping and sampling efforts, particularly across the Cape Ray West area. This zone remains underexplored yet highly prospective, with the potential to host significant new mineral discoveries. In parallel, field teams have been deployed to map and sample regions where prior exploration returned promising results that were never followed up. These efforts are designed to uncover new targets and deepen the Company's understanding of the broader mineralized corridor. RC drilling is expected to commence shortly while heli-supported diamond drilling at Cape Ray West is scheduled for later in June. With a robust cash position of C$13.1 million as at 31 March 2025, AuMEGA is fully funded to execute its expansive 2025 exploration program, spanning multiple high-potential targets across its district-scale land package. This announcement has been authorised for release by the Company's Board of Directors. This release aligns with the requirements of the National Instrument 43-101. A JORC Table 1 is not required under National Instrument 43-101. The Company has included a JORC Table 1 in the ASX version of the news release which can be found on the ASX website at or AuMEGA Metal's website at To learn more about the Company, please visit or contact: Sam Pazuki, Managing Director & CEOCanada Phone: +1 780 665 4925Australia Phone: +61 8 6117 0478Email: info@ About the Company AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) is utilising best-in-class exploration to explore on its district scale land package that spans 110 kilometers along the Cape Ray Shear Zone, a significant under-explored geological feature recognised as Newfoundland, Canada's largest identified gold structure. This zone currently hosts Calibre Mining's Valentine Gold Project, which is the region's largest gold deposit (+5 million ounces), along with AuMEGA's expanding Mineral Resource. The Company is supported by a diverse shareholder registry of prominent global institutional investors, and strategic investment from B2Gold Corp, a leading, multi-million-ounce a year gold producer. Additionally, AuMEGA holds a 27-kilometre stretch of the highly prospective Hermitage Flexure and has also secured an Option Agreement for the Blue Cove Copper Project in southeastern Newfoundland, which exhibits strong potential for copper and other base metals. AuMEGA's Cape Ray Shear Zone hosts several dozen high potential targets along with its existing defined gold Mineral Resource of 6.1 million tonnes of ore grading an average of 2.25 g/t, totaling 450,000 ounces of Indicated Resources, and 3.4 million tonnes of ore grading an average of 1.44 g/t, totaling 160,000 ounces in Inferred Resources8. AuMEGA acknowledges the financial support of the Junior Exploration Assistance Program, Department of Industry, Energy and Technology, Provincial Government of Newfoundland and Labrador, Canada. Reference to Previous ASX Announcements In relation to this news release, all data used to assess targets have been previously disclosed by the Company and referenced in previous JORC Table 1 releases. Please see announcements dated: Mineral Resource estimate announced on 30 May 2023, Bunker Hill announcements on 16 May 2025, 28 April 2025, 10 April 2025, 25 February 2025, 22 January 2025, 25 November 2024, 15 October 2024, 24 September 2024, 6 April 2023, 22 March 2023,14 April 2021 and 29 October 2020. Cape Ray announcements on 22 January 2025, 11 September 2024, 20 August 2024, 31 July 2024. General announcement dated 3 July 2024. In relation to the Mineral Resource estimate announced on 30 May 2023, the Company confirms that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement. Competent Person's Statements The information contained in this announcement that relates to exploration results is based upon information reviewed by Mr. Giles Dodds, Exploration Manager for AuMega Metals. Mr. Giles Dodds is a Member of the Australian Institute of Geoscientists (AIG) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code 2012. Mr. Dodds consents to the inclusion in the announcement of the matters based upon the information in the form and context in which it appears. to the inclusion in the announcement of the matters based upon the information in the form and context in which it appears. For the purposes of the TSXV, the information contained in this announcement that relates to exploration results is based upon information reviewed by Mr. Shamus Duff, P. Geo., Project Geologist, Exploration for AuMEGA Metals. Mr. Duff is a Member of the Professional Engineers and Geoscientists of Newfoundland and Labrador (PEGNL) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration. Mr. Duff consents to the inclusion in the announcement of the matters based upon the information in the form and context in which it appears. to the inclusion in the announcement of the matters based upon the information in the form and context in which it appears. 1 As at 31 March 20252 News release dated 6 May 20253 News release dated 4 July 20244 News releases dated 16 May 2025, 10 April 2025, 15 October 2024, 6 April 2023, 22 March 2023 and 14 April 20215 News releases dated 16 May 2025, 10 April 2025, 15 October 2024, 6 April 2023, 22 March 2023 and 14 April 20216 See ASX Announcement 10 April 20257 News release dated 30 May 20238 News release dated 30 May 2023 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
