Latest news with #exploration
Zawya
an hour ago
- Business
- Zawya
Egypt signs strategic agreements to attract global investment in gold, mineral exploration
Egypt - Minister of Petroleum and Mineral Resources Karim Badawi oversaw the signing of two key agreements with major international mining companies, reinforcing Egypt's commitment to expanding its mineral resource sector. The signings took place during the Egypt Mining Forum 2025, underscoring the government's efforts to attract foreign investment and deepen strategic partnerships in the mining industry. The first agreement is a licensing contract for the exploration of gold and associated minerals. It was signed by the Ministry of Petroleum and Mineral Resources, the Egyptian Mineral Resources Authority (EMRA), and Centamin Central, a subsidiary of AngloGold Ashanti. The second agreement marks the initialing of a framework agreement between the Ministry, EMRA, and global mining giant Barrick. This agreement lays the groundwork for expanded collaboration and exploration in Egypt's mining sector. Yasser Ramadan, Chairperson of EMRA, signed both agreements on behalf of the Egyptian government. The first was co-signed by Mohamed Kamal, Chairperson of Centamin Central for Mining. The second was co-signed by Mohamed El-Bagoury, Supervisor of the Central Department for Legal Affairs at the Ministry of Petroleum, and Henry Onslow, Director of Exploration for Egypt, Saudi Arabia, Africa, and the Middle East at Barrick. These agreements signal a significant step forward in positioning Egypt as a competitive and attractive destination for international mining investments.
Associated Press
3 hours ago
- Business
- Associated Press
Core Silver Announces Fully Subscribed Non-Brokered Private Placement Financing
VANCOUVER, BC / ACCESS Newswire / July 15, 2025 / Core Silver Corp., ('Core Silver' or the 'Company') (CSE:CC)(FSE:5RJ)(OTCQB:CCOOF) is pleased to announce that it intends to complete a non-brokered private placement of up to 8,000,000 units of the Company ('Units') at a price of $0.25 per Unit for gross proceeds of up to $2,000,000 (the 'Offering'). Each Unit will be comprised of one common share of the Company and one transferable share purchase warrant, with each warrant exercisable to acquire one common share of the Company at a price of $0.315 per share for a period of 24 months from the date of issuance. Conditional price protection for the Offering was obtained from the Canadian Securities Exchange on July 14, 2025. The gross proceeds from the Offering are expected to be used for general working capital and property exploration. The closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals. The Company may pay finder's fees in connection with the Offering. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day pursuant to applicable securities law. The Company confirms that there has been no undisclosed material information with respect to the Company between July 14, 2025 and the date of this news release, and it is not aware of any reason for the recent volatility in its trading price. About Core Silver Corp. Core Silver Corp. is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in British Columbia, Canada. The Company currently holds 100% ownership in the Blue Property, which covers a land area of 114,074 hectares (~1,140 km²). The Blue Property lies within the Atlin Mining District, a well-known gold mining camp located in the unceded territory of the Taku River Tlingit First Nation and the Carcross/Tagish First Nation. The Blue Property hosts a major structural feature known as The Llewellyn Fault Zone ('LFZ'). This structure is approximately 140km in length and runs from the Tally-Ho Shear Zone in the Yukon, south through the Blue Property to the Alaskan Panhandle Juneau Ice Sheet in the United States. Core Silver believes that the south Atlin Lake area and the LFZ has been neglected since the last major exploration campaigns in the 1980's. The LFZ plays an important role in mineralization of near surface metal occurrences across the Blue Property. The past 50 years have seen substantial advancements in the understanding of porphyry, skarn, and carbonate replacement type deposits both globally and in BC's Golden Triangle. The Company has leveraged this information at the Blue Property to tailor an already proven exploration model and believes this could facilitate a major discovery. Core Silver is excited to become one of the Atlin Mining District's premier explorers where its team believes there are substantial opportunities for new discoveries and development in the area. On Behalf of the Board of Directors CORE SILVER CORP. 'Nicholas Rodway' President & CEO Tel: 604.681.1568 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. FORWARD LOOKING STATEMENTS Certain statements contained in this news release may constitute 'forward-looking information' within the meaning of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as 'anticipate', 'plan', 'estimate', 'expect', 'may', 'will', 'intend', 'should', 'potential', 'indicative' and similar expressions. Forward-looking information in this news release includes, but is not limited to, the Offering, including the timing, terms and anticipated use of proceeds from the Offering, the timely receipt of all necessary approvals for the Offering, the Company's belief that its exploration model could facilitate a major discovery on the Blue Property and that there are substantial opportunities for discoveries and development in the area, that the Company intends to become one of the Atlin Mining District's premier explorers, and other statements regarding the Company's future business plans and objectives. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties inherent in the exploration and development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. Neither the Canadian Securities Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release. SOURCE: Core Silver Corp. press release
Associated Press
3 hours ago
- Business
- Associated Press
Taranis Initiates Drilling the Intrusive Target at Thor and Announces Granting of Incentive Stock Options
ESTES PARK, CO / ACCESS Newswire / July 15, 2025 / Taranis Resources Inc. ('Taranis' or the 'Company') (TSXV:TRO)(OTCQB:TNREF) is providing an update on exploration activities at Thor. All of the 2025 exploration drilling is being directed in an area southeast of the Thor epithermal deposit and is aimed at discovery of an intrusive body. Recent Investigations of the Intrusive Target In 2024 Taranis completed deep exploration holes from the top of Broadview Mountain targeting two airborne geophysical anomalies. This area is 1km southeast of the Broadview Mine and despite the lack of historic mines in this area, recent exploration work has shown it to have extensive propylitic alteration characteristic of the outer margins of a porphyry-type environment. This alteration forms two concentric dyke-like bodies (I-2 east and west) that encapsulate a deeply buried central resistivity anomaly (I-1). The I-2 features are the youngest geological units at Thor and cut the Thor epithermal deposit at depth. Both I-2, the epithermal deposit, and I-1 are undeformed late-stage features superimposed on the highly-folded host rocks that are part of the Silver Cup Anticline. The mineralogy of I-2 is primarily albite, garnet, amphibole, chlorite, quartz and magnetite. The intrusive target at Thorhas two parts associated with it, an upper elongate portion referred to as Z-900/1300 that occurs between 900 and 1300m ASL, and a deeper circular resistive feature called I-1 that is found below 900m ASL to at least 0m ASL. The composite resistivity anomaly presence is manifested at surface however, the most obvious being a large hill overlying the hard and resistive rocks associated with the composite resistivity feature. Other important exploration criteria include the bracketing of the feature by widespread propylitic alteration, and the presence of mineralogy characteristic of contact-related alteration including albite, ludwigite and hornfels. Geochemical Gold, Arsenic and Zinc Associated with I-1 and Tungsten Tin Enrichment In 2024, Taranis was able to identify wide zones (up to 53m) of geochemical gold, arsenic and zinc mineralization beneath I-2, and west of the I-1 resistivity anomaly in drill holes Thor-246, Thor-247and Thor-248 (Taranis News Release dated February 25th, 2025). As neither the Z-900/1300 nor I-1 resistivity anomaly was intersected in this drilling, the main intrusive target at Thor remains untested and is the focus of the 2025 exploration drilling. Geochemical levels of gold, arsenic and zinc occur in a phyllic alteration zone, characterized by the presence of muscovite (fuchsite), carbonate, albite and quartz. These rocks are fine-grained, non-foliated and are interpreted to be distal edges of a sodic-calcic intrusive body (I-1). Quantitative alteration studies (Gresen method) show that the rocks have had mass addition of tin and tungsten, and this would be consistent with intrusive-related hydrothermal alteration. Drilling from the main access road at Thor will allow Taranis to fully evaluate the I-1 and Z-900-1300 target this summer. Granting of Incentive Stock Options Taranis also announces that it has granted incentive stock options to its Directors and Officers, entitling them to purchase up to a total of 2,000,000 shares at a price of $0.26 per share for a period of five years. Qualified Person Exploration activities at Thor were overseen by John Gardiner (P. Geo.), who is a Qualified Person under the meaning of Canadian National Instrument 43-101. John Gardiner is the principal of John J. Gardiner & Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner is the President and CEO of Taranis Resources inc. and has reviewed and approved the comments contained within this News Release. Taranis currently has 100,348,794 shares issued and outstanding (113,827,227 shares on a fully-diluted basis). TARANIS RESOURCES INC. Per: John J. Gardiner (P. Geo.), President and CEO For further information contact: John J. Gardiner 681 Conifer Lane Estes Park, Colorado 80517 Phone: (303) 716-5922 Cell: (720) 209-3049 [email protected] 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 NEWS RELEASE. This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results. SOURCE: Taranis Resources, Inc. press release
E&E News
6 hours ago
- Business
- E&E News
ConocoPhillips asks to drill more wells in Alaska
ConocoPhillips plans to drill exploratory wells in the National Petroleum Reserve-Alaska to expand its drilling operations in the Arctic, if approved by the Interior Department. The exploration via four wells and seismic testing — if they lead to significant discoveries underground — could increase crude oil production out of Alaska for years. The state is already the site of ConocoPhillips' planned Willow oil project. That would align with the Trump administration's push to double down on American fossil fuel production. It could also lock in decades' worth of new carbon emissions at a time when scientists are warning of the dire consequences that will come from a failure to curb climate change. Advertisement Houston-based ConocoPhillips applied Monday for permits to drill exploration wells mostly in the eastern areas of the NPR-A, not far from the Willow project, according to a company statement. One well would be in the Greater Mooses Tooth unit, while another would be in the Bear Tooth unit; two other wells would be drilled 'to the west,' ConocoPhillips said. The seismic program would occur south of the Greater Mooses and Bear Tooth units. 'ConocoPhillips is dedicated to the safe and responsible development of our leaseholds in Alaska for the benefit of all Alaskans and our nation's energy security,' the company said in its emailed statement. 'We recognize the strategic importance of resource development in the state and are seeking authorization from the Bureau of Land Management to conduct exploration activities in the NPR-A during the winter season of 2025-2026. 'ConocoPhillips looks forward to continuing our more than 50-year track record of responsibly exploring for and developing Alaska's resources in the years ahead,' ConocoPhillips added. Interior's Bureau of Land Management, which manages underground resources on federal lands, declined to comment. The application for exploratory wells was reported earlier by Bloomberg. For environmentalists, drilling in the largest tract of U.S. public land is both a danger to species like polar bears, arctic foxes and migrating birds as well as a failure to phase out oil operations. Green groups have long opposed the contentious Willow oil project, which is under construction and scheduled to begin producing oil in 2029. 'The proposed oil exploration around the Willow mega-project is reckless in the face of the climate crisis and ongoing concerns from the community of Nuiqsut,' Matt Jackson, Alaska senior manager at The Wilderness Society, said in a statement. Drilling activity on Alaska's North Slope has long been a source of tension. In 2023, former President Joe Biden approved ConocoPhillips' Willow oil project, which could involve about 200 wells that may be active for decades. But Biden also restricted or banned drilling in about half the NPR-A. The Trump administration has since moved to remove those protections, sometimes called the 2024 Western Arctic rule, and open up 82 percent of the NPR-A for oil and gas leasing. 'Proposed developments like this are exactly why the 2024 Western Arctic Rule should stand, to ensure ongoing protections for Arctic communities, subsistence species and the climate in the face of relentless industrial pressure,' Jackson said Tuesday.
Yahoo
7 hours ago
- Business
- Yahoo
CNOOC Limited Achieves Major Exploration Breakthrough in the Deep Plays of the South China Sea
HONG KONG, July 15, 2025 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that it has achieved a major breakthrough in the exploration of metamorphic buried hills in the deep plays in the South China Sea for the first time. The Weizhou 10-5 South Oil and Gas Field is located in the Beibu Gulf of the South China Sea, with an average water depth of 37 meters. Exploration well WZ10-5S-2d encountered an oil and gas pay zone of 211 meters, with a total drilled depth of 3,362 meters. The test results indicate that the well produces 165,000 cubic feet of natural gas and 400 barrels of crude oil per day. It marks a major exploration breakthrough in the metamorphic sandstone and slate buried hills offshore China. Mr. Xu Changgui, the Chief Geologist of the Company, said, "In recent years, CNOOC Limited has consistently intensified theoretical innovation and tackled key technology challenges in buried hills and deep plays exploration. Breakthroughs have been achieved in the exploration of Paleozoic granite and Proterozoic metamorphic sandstone and slate buried hills within the Beibu Gulf Basin. They demonstrate the vast exploration potential in buried hills formations, drive the secondary exploration process in mature areas, and mark the commencement of large-scale exploration of buried hills in the Beibu Gulf Basin." Mr. Zhou Xinhuai, the Chief Executive Officer of the Company, said, "This represents the first major breakthrough in metamorphic sandstone and slate buried hills exploration offshore China, setting important example for advancing deep plays and buried hills oil and gas exploration. In the future, CNOOC Limited will continue to intensify research on key theories and technologies for deep play exploration, to enhance research and development capabilities, advance reserves and production growth, and to ensure stable supply of oil and gas." — End — Notes to Editors: More information about the Company is available at *** *** *** *** This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company's price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations. *** *** *** *** For further enquiries, please contact: Ms. Cui LiuMedia & Public RelationsCNOOC LimitedTel: +86-10-8452-6641Fax: +86-10-8452-1441E-mail: mr@ Mr. Cheng YaoEver Bloom (HK) Communications Consultants Group LimitedTel: +852 5540 0725Fax: +852 2111 1103Email: View original content to download multimedia: SOURCE CNOOC Limited 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
