Pacgold (ASX: PGO)

Announced further results of the systematic geochemical soil programme and rock chip sampling completed on the St George Gold-Antimony Project (‘the Project’) in northeast Queensland.

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Pacgold St George Gold and Antimony Geochem Extends Fence Strike >30km

Fence Structure hosts 7 major targets with no modern drilling

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce further results of the systematic geochemical soil programme and rock chip sampling completed on the St George Gold-Antimony Project (‘the Project’) in northeast Queensland.

Pacgold is undertaking exploration on the Project under a Farm-In and Joint Venture Agreement with Hardrock Mineral Exploration Pty Ltd, whereby Pacgold has the right to earn up to 100% interest in the Project.

HIGHLIGHTS

 CONTINUED DELINEATION OF REGIONAL-SCALE GEOCHEMICAL ANOMALIES – Gridbased soil and rock chip sampling extends the gold and antimony anomalism hosted within the Fence Structural Zone (FSZ) to a strike in excess of 30km.
 HIGH-GRADE GOLD AT LIMESTONE PROSPECT – High-grade rock chip samples taken in newly discovered large-scale structure with reported gold values including 18.5g/t Au (SG110108), 5.37g/t Au (SG110109), 4.86g/t Au (SG110110) and 4.96g/t Au (SG110113).

 NEW ANOMALIES DELINEATED AT LIMESTONE AND BIG WATSON – Extensive
(Au-Sb-As) anomalies identified at Big Watson and strong gold results over the Limestone prospect, both associated with the regional Fence structure extending over 30km in strike.
 UNTESTED STRUCTURES DRILL READY – No modern drilling carried out on six of the seven defined anomalies with multiple prioritised targets to be tested in next drilling
campaign.

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Pacgold’s Managing Director, Matthew Boyes, commented:

“The number of fertile structures and extent of the mineralisation on this ground package continues to increase rapidly.

 

“The discovery of high-grade gold at surface at the Limestone project is particularly exciting with multiple outcropping veins returning high-grade gold numbers over a large area.

 

“We have now demonstrated that the Fence structure is mineralised over a strike length of approximately 30km from Big Watson in the south up to the Limestone prospect in the north, this coupled with multiple newly delineated soil anomalies gives the company a strong pipeline of targets to follow up once the exploration season kicks off this year.”

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To read the full news release, please click HERE

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To view the latest share price and chart, please click HERE

G Mining Ventures (TSX:GMIN)

Reported their operating results for the fourth quarter and full year ended December 31, 2025.

The first full year of commercial production at Tocantinzinho delivered gold production in 2025 of 171,871 ounces with stable cost performance.

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G Mining Ventures Reports Q4 and Full-Year 2025 Results; First Full Year of
Commercial Production at Tocantinzinho Drives Strong Cash Flow Generation

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BROSSARD, QC, March 25, 2026 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX:GMIN, OTCQX:GMINF) today reported its financial and operating results for the fourth quarter and full year ended December 31, 2025.

Unless otherwise indicated, all dollar amounts are in U.S. dollars.

G Mining CEO Louis-Pierre Gignac said,

“Tocantinzinho completed its first full year of commercial production in 2025, delivering consistent operating performance with production, recoveries and costs in line with expectations.

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” Production, costs and recoveries largely met or exceeded guidance, underscoring the asset’s reliability and operational discipline.

 

“The operation generated $255 million in free cash flow, strengthening our balance sheet while funding the advancement of Oko West.

 

“Fourth quarter performance was the strongest of the year across key metrics, including production, grade and margins, demonstrating solid steady-state operations.

 

“We enter 2026 with Tocantinzinho performing to plan, Oko West fully funded and under construction, and Gurupi continuing to advance through exploration and permitting.”

Fourth quarter and full year 2025 highlights and the Corporation’s short to medium-term outlook are set out below.
1) Strong 2025 Financial Results Driven by Continued Operational Strength and Disciplined Cost Control
o First full year of commercial production at Tocantinzinho (“TZ”). TZ delivered gold production in 2025 of 171,871 ounces with stable cost performance despite higher royalty expenses driven by higher gold prices. Strong metallurgical recoveries of 90.6% were achieved for the year, exceeding 2025 guidance of 90.0%.
o Peer-Leading Cost Structure: Total cash costs of $748 per ounce were slightly above the top end of 2025 guidance, primarily due to higher royalty costs ($27 per ounce) and the introduction of the State of Para’s production tax ($27 per ounce). All-in sustaining costs (1) (“AISC”) per ounce were within 2025 guidance at $1,155 per ounce.
o Strong annual cash generation from operations. Generated annual cash flow from operating activities of $308 million ($340 million before changes in working capital) or $1.36 per share. TZ generated mine-site free cash flow (1) of $255 million ($1,484/oz produced) or $1.12 per share for its first full year of commercial production.

o Strong profitability: Reported net income of $288 million ($1.27 per share) for the full year 2025 and adjusted net income(1) of $283 million ($1.25 per share).
o Solid quarterly operating performance, with record quarterly production. Payable gold
production in the fourth quarter of 2025 was 47,346 ounces at total cash costs(1) per ounce of $808 and AISC(1) per ounce of $1,245. The higher realized gold price(1) of $4,032 per ounce in the fourth quarter resulted in strong margins and cash flows.
o Strong quarterly financial results. Generated quarterly net income of $91 million or $0.40 per share and adjusted net income(1) of $98 million or $0.43 per share during the fourth quarter. The Corporation generated cash provided by operating activities of $96 million ($122 million before changes in working capital) or $0.42 per share and free cash flow(1) of $80 million or $0.35 per share.

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To read the full news release, please click HERE

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Pacgold Limited (ASX: PGO)

Announced further results of the systematic geochemical soil programme and rock chip sampling completed on the St George Gold-Antimony Projectin northeast Queensland.

Gridbased soil and rock chip sampling extends the gold and antimony anomalism hosted within the Fence Structural Zone to a strike in excess of 30km.

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Pacgold St George Gold and Antimony Geochem Extends Fence Strike >30km
Fence Structure hosts 7 major targets with no modern drilling

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce further results of the systematic geochemical soil programme and rock chip sampling completed on the St George Gold-Antimony Project (‘the Project’) in northeast Queensland.

HIGHLIGHTS

 CONTINUED DELINEATION OF REGIONAL-SCALE GEOCHEMICAL ANOMALIES – Gridbased soil and rock chip sampling extends the gold and antimony anomalism hosted within the Fence Structural Zone (FSZ) to a strike in excess of 30km.
 HIGH-GRADE GOLD AT LIMESTONE PROSPECT – High-grade rock chip samples taken in newly discovered large-scale structure with reported gold values including 18.5g/t Au (SG110108), 5.37g/t Au (SG110109), 4.86g/t Au (SG110110) and 4.96g/t Au (SG110113).
 NEW ANOMALIES DELINEATED AT LIMESTONE AND BIG WATSON – Extensive
(Au-Sb-As) anomalies identified at Big Watson and strong gold results over the Limestone prospect, both associated with the regional Fence structure extending over 30km in strike.
 UNTESTED STRUCTURES DRILL READY – No modern drilling carried out on six of the seven defined anomalies with multiple prioritised targets to be tested in next drilling
campaign.

Pacgold is undertaking exploration on the Project under a Farm-In and Joint Venture Agreement with Hardrock Mineral Exploration Pty Ltd, whereby Pacgold has the right to earn up to 100% interest in the Project.

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Pacgold’s Managing Director, Matthew Boyes, commented:

“The number of fertile structures and extent of the mineralisation on this ground package continues to increase rapidly.

 

“The discovery of high-grade gold at surface at the Limestone project is particularly exciting with multiple outcropping veins returning high-grade gold numbers over a large area.

 

“We have now demonstrated that the Fence structure is mineralised over a strike length of approximately 30km from Big Watson in the south up to the Limestone prospect in the north, this coupled with multiple newly delineated soil anomalies gives the company a strong pipeline of targets to follow up once the exploration season kicks off this year.”

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To read the full news release, please click HERE

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To view the latest share price and chart, please click HERE

Heliostar Metals (TSX.V: HSTR)

Announced that, further to the March 23, 2026 press release, technical details of the Company’s planned acquisition of a 100% interest in the Goldstrike project located in Utah, USA from Liberty Gold Corp. 

Goldstrike contains an indicated mineral resource of 975,000 ounces of gold.

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Golstrike Mine vista – Courtesy of Liberty Gold Corp.

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Heliostar Introduces Goldstrike Project and Updated Mineral Resource

Vancouver, Canada, March 24, 2026 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to announce, further to our March 23, 2026, press release, technical details of the Company’s planned acquisition of a 100% interest in the Goldstrike project located in Utah, USA (the “Goldstrike Project” or “Goldstrike”) from Liberty Gold Corp. (“Liberty”).  

Highlights

• Goldstrike contains an indicated mineral resource of 975,000 ounces of gold grading 0.46g/t
• Initial purchase price of US$10M in cash plus US$2.5M in Heliostar shares on closing, plus additional milestone payments totalling US$60M in cash over a maximum of five years
• Historic past producer with infrastructure including road access, proximity to a population center and a powerline within eight kilometres of the property
• Outcropping, undrilled, high-grade antimony samples and historic antimony production provide critical mineral potential

Heliostar CEO, Charles Funk, commented, 

“Goldstrike represents an excellent opportunity to acquire a ~1-million-ounce gold deposit on attractive terms and provides diversification for Heliostar into another premier mining jurisdiction in North America.  

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“The deposit is a Carlin-style gold system, with a significant mineralized footprint that has potential to expand, with 96% of drill testing less than 200 m deep. 

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“Goldstrike has a large amount of high-quality work already completed, including metallurgy, geologic modelling, permitting progress and the identification of water sources, which can support an accelerated development timeline.

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“It also has attractive antimony results that provide critical mineral upside that Heliostar plans to test.

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“Upon completion of this transaction, Heliostar intends to review corporate opportunities for its portfolio of American properties.”

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Project Details

The Goldstrike Project is located in the Bull Valley Mountains in Washington County, approximately 50 kilometres northwest of St. George in southwestern Utah, USA.

The property is made up of a central block of patented claims that are surrounded by a contiguous block of unpatented claims and land leased from the Utah School and Institutional Trust Lands Administration.

The property area totals 5,173 ha and is accessible year-round via paved and all-weather roads.

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To read the full news release please click HERE

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 To View Heliostar Metals’ latest share price and chart, please click HERE

..To View Heliostar Metal’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Heliostar Metals.

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West Red Lake Gold (TSX.V: WRLG)

Announced results from the infill drilling program at its 100% owned Fork Deposit located approximately 250 metres southwest from its Madsen Mine in the Red Lake Gold District of Northwestern Ontario, Canada.

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Madsen Mill – Courtesy of West Red Lake Gold Mines

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West Red Lake Gold Mines Ltd.(“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG)(OTCQB: WRLGF)is pleased to announce results from the infill drilling program at its 100% owned Fork Deposit located approximately 250 metres (“m”) southwest from its Madsen Mine in the Red Lake Gold District of Northwestern Ontario, Canada. 

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Shane Williams, President and CEO, stated,

“Successful completion of the infill drilling program at Fork was an important step in de-risking this resource area ahead of a construction decision.

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“The results of the drill program are very encouraging and further support the gold grade and vein continuity at Fork which will be necessary for efficient mine planning and any future extraction scenario.

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“The engineering team at Madsen is already working on the initial mine design for this satellite area, and we look forward to continuing to evaluate this non-remnant, near surface opportunity which currently sits a mere 250 metres from our existing underground infrastructure.”

 

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FORK DRILLING HIGHLIGHTS:

• HoleWRL26-047 Intersected 1m @ 41.25 g/t Au, from 117.6m to 118.6m; Including 0.5m @ 77.8 g/t Au, from 117.6m to 118.1m.
• This intercept was complimented by visible gold spatially associated with quartz veining and pyrite + pyrrhotite mineralization (Figure 1).

 

FIGURE 1. Multiple instances of visible gold in hole WRL-26-047 associated with quartz veining and pyrite + pyrrhotite. Drill core is NQ (47.6 mm) diameter.

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To read the full news release, please click HERE   +++++++   To view the latest share price and company chart, please click HERE To View West Red Lake’s historical news, please click here . The live Spot gold price can be found HERE . ======= . City Investors Circle is based in the financial district in the City of London We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies. Our audience is selected and invited individually to ensure interest and relevance for the presenting company. Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation. We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter. If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com . ======= , This website is not sponsored, we are truly independent, and will always remain so Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team. All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this. These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional. . Disclosure At the time of writing the author holds shares in West Red Lake Gold Mines. . To read our full terms and conditions, please click HERE

Star Minerals Limited (ASX: SMS)

Advised that conditions have been met for the sale of its West Bryah copper-gold project to Catalyst Metals Limited (ASX: CYL) for a consideration of $2.75M, comprising $1M cash and 230,536 CYL shares.
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Additionally, Catalyst will now take a $1M strategic placement in Star Minerals.

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STAR MINERALS COMPLETION OF AGREEMENT WITH CATALYST METALS

Star Minerals Limited (ASX: SMS, “the Company” or “Star Minerals”) advises that conditions have been met for the sale of its West Bryah copper-gold project to Catalyst Metals Limited (ASX: CYL or “Catalyst”) for a consideration of $2.75M, comprising $1M cash and 230,536 CYL shares.
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Additionally, Catalyst will now take a $1M strategic placement in Star Minerals.

Highlights

• Conditions satisfied for sale of West Bryah copper-gold project to Catalyst Metals (ASX: CYL)
for $1M cash and 230,536 CYL shares
• Catalyst Metals takes a $1M strategic placement in Star Minerals

Managing Director, Ashley Jones commented,

“The sale of the Company’s non-core West Bryah copper-gold project provides additional, non-dilutionary cash to enable us to progress the Tumblegum South Gold Project and develop new opportunities.

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“Star Minerals would like to welcome Catalyst to the share register as a major shareholder, with a 6.59% stake in the Company.

 

“We look forward to working with Catalyst to process material from the Tumblegum South project at the Plutonic Plant Gold Mill.”

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The placement of shares was completed at an issue price of $0.062 per share.

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To read the full report please click HERE

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To View Catalyst Metal’s historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Catalyst Metals

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Benz Mining (ASX: BNZ)

Announced the discovery of the Kilkenny Zone, a new ultra-high-grade gold discovery located beneath the historic Hibernian Gold Mine at the Company’s Mt Egerton Gold Project in Western Australia.

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NEW ULTRA HIGH GRADE GOLD DISCOVERY AT MT EGERTON
BENZ MINING INTERSECT 7M AT 223 G/T GOLD

UNDER HIBERNIAN GOLD MINE

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Benz Mining Corp (ASX: BNZ) (“Benz” or the “Company”) is pleased to announce the discovery of the Kilkenny Zone, a new ultra-high-grade gold discovery located beneath the historic Hibernian Gold Mine at the Company’s Mt Egerton Gold Project in Western Australia.

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HIGHLIGHTS:

▪ New ultra-high grade Kilkenny discovery offset beneath the historic Hibernian Gold Mine validates Benz structural model.
▪ 7m at 223 g/t gold from 270m 26EGN013
▪ within 11m at 144 g/t gold
▪ High-grade satellite opportunity for Glenburgh – Mt Egerton located ~170km from the Glenburgh Gold Project with potential to provide additional high-grade satellite ore.

Previous intercepts  from Hibernian include:
▪ 9m at 107 g/t gold
▪ 5m at 96 g/t gold
▪ 4m at 92 g/t gold
▪ Kilkenny Discovery interpreted as structural repeat of the Hibernian ore position – Supporting Benz’s structural model and highlighting the potential for multiple stacked high-grade shoots along the controlling structural corridor.
▪ Classic structural framework for high-grade gold in orogenic setting- mineralisation controlled by dilation caused by oblique shear zones interacting with a folded gabbro sill.
▪ More untested structural targets identified – Several additional undrilled sheared / dilational positions identified along this structural corridor including the Galway Prospect.
▪ Emerging eastern gold camp at Mt Egerton – Benz’s regional work highlights the camp-scale cluster of prospects around the Mako, Gift (previous intersection 17m at 6.8g/t gold 1) and Trading Post, ~2km east of the Hibernian Mine. Extensive gold and base-metal anomalism; ca.
1811 Ma granodiorite intrusions; exciting potential for significant and largely untested gold system.

1 Previous results were released in an announcement dated 6 November 2024.

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Benz CEO, Mark Lynch-Staunton, commented:

“What is most encouraging about the Kilkenny discovery is that it confirms the structural framework our team has been developing at the Mt Egerton Goldfield.

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“The  mineralisation occurs within the predicted dilation position beneath the Hibernian Mine, which gives us confidence that the geological model is working.

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“The same geological team that unlocked the exploration potential at our flagship Glenburgh Project is now applying that approach at Mt Egerton.

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“While Glenburgh remains our primary focus, we see the Mt Egerton Goldfield as a highly underexplored gold district where modern structural interpretation is beginning to reveal new opportunities.

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“From a strategic perspective, we view Mt Egerton as a complementary high-grade satellite opportunity to Glenburgh. Importantly, large parts of the Mt Egerton Goldfield remain effectively untested, with more than 20km of prospective strike identified across the district, which means the discovery potential across the district remains significant.”

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To read the full news release please click HERE

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The live Benz Mining share price and chart can be found HERE 

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Benz Mining.

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Barton Gold (ASX: BGD)

Announced the start of ‘Phase 2’ JORC (2012) Mineral Resource upgrade drilling at its South Australian Tunkillia Gold Project (Tunkillia).

Strike Drilling has been engaged to complete a program totalling ~30,000m.

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Tunkillia drilling – Credits Barton Gold

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Barton Gold Tunkillia ‘Phase 2’ Resource Upgrade Drilling Begins

Targeting Ore Reserves, PFS & ML application by the end of 2026

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Barton Gold Holdings Limited (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) (Barton or Company) is pleased to announce the start of ‘Phase 2’ JORC (2012) Mineral Resource upgrade drilling at its South Australian Tunkillia Gold Project (Tunkillia).

Strike Drilling has been engaged to complete a program totalling ~30,000m.

HIGHLIGHTS

• May 2025 Optimised Scoping Study (OSS) outlined a compelling Tunkillia development project:

o Annual production: ~120,000oz gold and ~250,000oz silver
o Total LoM operating cash: ~A$2.7 billion (unlevered, pre-tax)
o Net Present Value (NPV7.5%): ~A$1.4 billion (unlevered, pre-tax)
o Internal Rate of Return (IRR): ~73.2% (unlevered, pre-tax); and
o Payback period: ~0.8 years (unlevered, pre-tax)

• Barton expediting Tunkillia toward Mining Lease (ML) application, with AUD gold and silver prices now over $2,000/oz and $60/oz higher (respectively) than used for OSS revenue estimates
• 18,900m ‘Phase 1’ reverse circulation (RC) Resource upgrade drilling infilled high value S1 / S2 pit areas with broad high-grade intersections, supporting rapid payback in early ‘Starter pit’2
• ~30,000m ‘Phase 2’ RC upgrade drilling now underway targeting balance of optimised open pits;
• Phase 2 RC drilling a key step to support JORC (2012) Mineral Resource upgrades and target
JORC (2012) Ore Reserves, a pre-feasibility study (PFS), and an ML application by end of 2026.

Tunkillia’s Phase 2 RC upgrade drilling follows a successful ‘Phase 1’ program which infilled the high-value early ‘S1’ and ‘S2’ pit areas, modelled to produce ~$1.3 billion operating profit during the first 2.5 years of operation, with broad, high-grade intersections.

Barton is targeting conversion of all of Tunkillia’s OSS modelled open pit
mineralisation to JORC (2012) ‘Measured’ and ‘Indicated’ categories to accelerate financing and development.

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 Barton MD Alexander Scanlon commented;

“The Tunkillia OSS demonstrated the financial and capital leverage available to large-scale bulk processing operations, with the major advantage of a higher-grade ‘Starter Pit’ that can pay back development costs 2x over in the first year – assuming A$5,000/oz gold and A$50/oz silver prices.

 

“At current gold and silver prices, Tunkillia would be modelled to produce over $1 billion operating profit in the first year, and over $2 billion operating profit in the first two years.

 

“Our recent ‘Phase 1’ Resource upgrade drilling results further confirmed the mineralisation behind these compelling economics; we are therefore now executing the balance of Tunkillia development drilling programs on an expedited timeline, targeting declared JORC Ore Reserves, a robust PFS, and a Mining Lease application by the end of 2026.

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“Following the submission of our Mining Lease application, we will expedite Tunkillia’s project finance discussions and work with all key stakeholders including the South Australian Government to bring Tunkillia online as soon as possible.

 

“This project can generate substantial economic benefits for Barton and all of our stakeholders, including the State.”

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To read the full news release please click HERE

+++++++

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..To View Barton Gold’s’ historical news, please click here

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Barton Gold.

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To read our full terms and conditions, please click HERE

G Mining Ventures  (TSX: GMIN)

Reported its consolidated Mineral Reserves and Mineral Resources . 

Proven and Probable Mineral Reserves total 6.52 Moz of gold at an average grade of 1.60 g/t Au as of December 31, 2025, representing a 221% year-over-year increase.

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Highlights

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To read the full news release, please click HERE

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Cabral Gold (TSX.V: CBR)

Announced results from two additional diamond drill holes at the Jerimum Cima target within the Cuiú Cuiú Gold District, Brazil.

Recent drilling at the Jerimum Cima target at Cuiú Cuiú, returned 9.5m @ 87.4 g/t gold from 173.8m depth including 2.9m @ 285.5 g/t gold from 178.7m.

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Cuiú Cuiú excavation – Courtesy of Cabral Gold

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Ora Banda Mining (ASX: OBM)

Provided an update on its continued exploration success at its high-grade Little Gem Prospect.

The area initially consisted of the Little Gem Prospect on the Little Gem Trend, presenting as a multi-lode system that extended from Riverina to Sunraysia as a strike of 7.5 kilometres.

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ORA BANDA DRILLING EXPANDS LITTLE GEM NEW “SAPPHIRE” TREND DISCOVERED

Ora Banda Mining Limited (ASX: OBM) (Ora Banda”, Company”) is pleased to provide an update on its continued exploration success at its high-grade Little Gem Prospect.

The area initially consisted of the Little Gem Prospect on the Little Gem Trend, presenting as a multi-lode system that extended from Riverina to Sunraysia as a strike of 7.5 kilometres .

The recent discovery of the Sapphire Trend, located 200m east of the Little Gem Trend, has expanded the exploration window for further drilling and potential mineralisation.

Highlights:

• Latest drilling has expanded the Little Gem Prospect’s mineralised envelope to
more than 1,500 metres of strike and 750 metres vertically below surface , with
mineralisation open in all directions.
• Exploration drilling has discovered the Sapphire Trend (200 metres east of Little
Gem Trend) which presents as a new potential lode system.
• Sapphire Trend runs parallel to the Little Gem Trend and is yet to be specifically
targeted in exploration programs, with new results pointing to the growing
significance of it s mineralisation potential
• Drilling at Sunraysia Prospect (3km south of Little Gem Prospect ) on the Little
Gem Trend has identified high-grade lode s (see Figures 3 & 4)
• Ora Banda expects to deliver a Maiden Mineral Resource Estimate on Little Gem
during second half of 2026 . Drilling remains ongoing .
• Recent significant intersections include:

Little Gem Prospect:
o 10.0m @ 6.9 g/t Inc. 2.0m @ 26.9 g/t Little Gem Trend
o 6.0m @ 11.3 g/t Inc. 1.0m @ 60.0 g/t Little Gem Trend
o 20.1m @ 2.9 g/t Inc. 0.8m @ 11.3 g/t Little Gem Trend
o 16.0m @ 3.0 g/t Inc. 1.0m @ 17.2 g/t Little Gem Trend
o 14.9m @ 3.2 g/t Inc. 0.9m @ 11.0 g/t Little Gem Trend

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Little Gem Trend

Drilling has expanded the mineralised envelope at the Little Gem prospect to over 1,500 metres of strike and 750 metres below surface, with mineralisation continuing to remain open at depth and along strike .

Drilling at the Sunraysia Prospect (3km south of the Little Gem Prospect), along this same Little Gem Trend also highlight ed the ongoing growth potential of the broader region, with intercepts identifying high-grade mineralisation including intersections of 9.0m @ 4.1 g/t (inc. 2.0m @ 14.5 g/t) and 3.0m @ 9.3 g/t (inc. 1.0m @ 21.2 g/t). 

This drilling has added a further 800 metres of prospective strike to the Little Gem Trend with the mineralisation yet to be closed to the south.

Sapphire Trend

Step-out drilling has discovered the Sapphire Trend located 200m east of Little Gem with intersections including 18.0m @ 2.7 g/t, 10.2m @ 4.2 g/t and 11.5m @ 2.8 g/t.

The Sapphire Trend runs parallel to the Little Gem Trend and will be a targeted area for the ongoing exploration drilling programs in this region.

Both the Little Gem and Sapphire trend are broad north-south striking mineralised packages that are composed of multiple sub-parallel and sub-vertical gold lodes. The mineralisation geometry remains predictable as the drill spacing reduces and mac ro high grade plunges identified in the drill core mimic those seen at Riverina, approximately 30 degrees to the south.

With +150 drill holes now completed acros the Little Gem Prospect , drilling is continuing and the company is anticipating delivery of a Maiden Mineral Resource during the second half of calendar year 2026.

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Ora Banda’s Managing Director, Luke Creagh, said:

“These outstanding drill results continue to confirm the scale and quality of the Little Gem system with recent gains from exploration step-outs at the Sapphire Trend and Sunraysia Prospect demonstrating the outstanding potential of this area.

“The work we’ve been doing is a reminder of the enormous organic growth potential of our ground, and as part of this, we very much look forward to delivering a maiden Mineral Resource Estimate for Little Gem in the second half of CY26.”

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The full news release can be viewed HERE

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Ora Banda Mining (ASX: OBM)

Reported a new Mineral Resource of 25.6Mt @ 1.6g/t for 1,330 koz at the Company’s Round Dam deposit – a 964% increase from the previous resource of 125 koz.

The 25.3Mt Round Dam Resource includes 7.1Mt at 1.8g/t for 408 koz in the Indicated category and 18.2Mt at 1.6g/t in the Inferred category.

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ORA BANDA ROUND DAM MINERAL RESOURCE GROWS TENFOLD TO
1.33 MILLION OUNCES

Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to report a new Mineral Resource of 25.6Mt @ 1.6g/t for 1,330 koz at the Company’s Round Dam deposit – a 964% increase from the previous resource of 125 koz, following the first phase of an organic growth program set to continue throughout the remainder of FY26.

The 25.3Mt Round Dam Resource includes 7.1Mt at 1.8g/t for 408 koz in the Indicated category and 18.2Mt at 1.6g/t in the Inferred category.

All of the Round Dam Resource is considered suitable for open pit mining and has been calculated with open pit shells that are cash -flow positive at A$5,000/oz and using a cut -off grade of 0.3g/t.

The resource estimate includes drilling up to the end of January, noting that it remains open along strike and at depth, with follow up drilling for both resource extension and category conversion continuing.

The resource uplift at Round Dam provides a substantial boost to the Company’s total global resource position which has increased by 57% to 3.3 Moz – noting that further resource updates are planned to be released for other deposits in mid -2026.

Ora Banda has budgeted to spend $73 million on exploration in FY26 which equates to approximately 330km of drilling.

Ora Banda considers exploration along the Round Dam trend still to be at an early stage.

The 18km long north – south striking mineralised trend runs from Waihi in the north (3.5km from the Davyhurst Mill) to Salmon Gums in the south. Ora Banda began its initial phase of drilling along a 7.5km section of the trend which hosts several existing historical deposits and prospects within this exploration corridor.

Total Davyhurst MRE of 3.3Moz combines the updated Round Dam MRE of 1.3Moz with the Davyhurst MRE as stated on 12 September 2025.

The 2025 MRE for deposits other than Round Dam have not been updated for any mining depletions or additions from any additional FY26 drilling, all of which will be updated in mid -2026.

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Highlights

Ora Banda’s targeted organic growth strategy sees group Mineral Resources
rapidly grow to 3.3 million ounces
• Drilling at Round Dam has expanded the Round Dam Mineral Resource Estimate (MRE) by 964% to 25.6Mt 1.6g/t for 1,330 koz
• The 25.6Mt Round Dam MRE includes 7.2Mt at 1.8g/t for 408 koz in the Indicated category and 18.2Mt at 1.6g/t for 922 koz in the Inferred category
• All of the Round Dam Resource is considered suitable for open pit mining and has been calculated with open pit shells that are cash-flow positive at A$5,000/oz, using a cut-off grade of 0.3g/t
• Round Dam remains open along strike and at depth. Drilling for both resource extension and category conversion is ongoing
• The uplift has increased Ora Banda’s global resource position by 57% to 3.3 million ounces, noting that resource updates are planned to be released for other deposits in mid-2026.

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Ora Banda s Managing Director, Luke Creagh, commented:

“This fantastic result is testimony to the expertise and hard work of our exploration and resource development team s who continue to deliver outstanding results with our $73 million FY26 exploration budget.

“There is no doubt of the scale of the Round Dam system noting there is significant potential to find more mineralization along strike and at depth, supporting our belief in the ability to deliver rapid resource upgrades through our ongoing organic growth programs.

“We are incredibly excited by the potential of Round Dam to become a substantial mining operation, as the Company continues to advance it’s study work into the construction of a standalone ~3mtpa processing facility at Davyhurst.”

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The full news release can be viewed HERE

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To view Ora Banda’s latest share price and chart, please click HERE

G Mining Ventures (TSX: GMIN)

Announced that the Corporation’s largest shareholder, La Mancha Investments S.à r.l. has elected to exercise its top-up right pursuant to the investor rights agreement between the Corporation and La Mancha that was initially entered into on July 22, 2022, which allows La Mancha to increase its ownership to up to 19.9%.

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The Oko West Gold Project remains on-budget and on-schedule for first gold pour in the second half of 2027 and continues to be fully funded by the Corporation’s balance sheet and cash flow.

The Corporation intends to use the proceeds from the issuance of the Top-Up Shares to reduce reliance on debt pertaining to Oko West Project development, increase exploration efforts, accelerate debt repayment, and for general corporate purposes.

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To read the full news release, please click HERE

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Catalyst Metals (ASX: CYL)

Reported its financial results for the half-year ended 31 December 2025.

Catalyst’s record half-year result was driven by a strong operating performance at Plutonic, with December quarterly production being the highest recorded under Catalyst ownership.

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Catalyst Metals Financial Results Half-year ended 31 December 2025

Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) is pleased to report its financial results for the half-year ended 31 December 2025.

Catalyst’s record half-year result was driven by a strong operating performance at Plutonic, with December quarterly production being the highest recorded under Catalyst ownership.

These operating results and a realised gold price of A$5,855/oz (FY2025 H1: A$3,817/oz) saw revenue from Plutonic increase by 50% to A$267m (FY2025 H1: A$178m).

Net operating cashflows of A$134m (FY2025 H1: A$89m excluding Henty Gold Mine) were largely re-invested into exploration and progressing the development of Trident and K2. These are the third and fourth, of five mines, to be developed on the Plutonic Gold Belt as part of Catalyst’s organic growth strategy of increasing annual production to ±200koz of gold.

Catalyst ended the year with A$338m in liquidity, comprising cash and bullion of A$238m and an undrawn A$100m debt facility.

Highlights

• Net profit before tax from continuing operations of A$130m (before one-off legal
settlement cost of A$49m) vs A$63m in prior half-year
• EBITDA of A$145m vs A$76m in prior half-year
• Net profit after tax and extraordinary items of A$60m vs A$43m in prior half-year
• Gold sales of 45,586oz at a realised price of A$5,855/oz compared to 46,746oz3 sold at A$3,817/oz in the prior half-year
• Sales revenue was A$267m vs A$178m in prior half-year
• The half-year to 31 December can be characterised as follows:
• Catalyst’s first two years of Plutonic ownership concluded at 1 July 2025 – the
beginning of this reporting period. These first two years were focussed on
stabilising operations, building a team, growing mine lives, readying projects for
their development and clarifying the path to ±200koz pa
• The six months commencing 1 July 2025 was a period of capital investment to
commence the path to 200koz pa and as such Catalyst secured its financial position
in May 2025 by raising A$250m of capital
• As a consequence, cash at bank has remained stable with operating cashflows reinvested into the following activities:
• Completion and ramp-up of Plutonic East;
• Advancing K2’s underground development;
• Development of the Trident open-pit;
• Exploration drilling to double Reserves on the Plutonic Belt to 1.5Moz1,2 of gold;
and
• De-risking future operations at Plutonic Main by improving the dewatering and
electrical infrastructure.

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To read the full report please click HERE

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Catalyst Metals

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Ora Banda Mining (ASX: OBM)

Reported record revenues of Record revenues of $ 336.3 million (H1 FY2 5: $186.4 million ) for the half -year ended 31 December 2025, a period during which the Group generated $18 4.0 million in operating cash flows.

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Site View – Courtesy of Ora Banda Mining

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Ora Banda Mining – December 2025 – Half Year Results

Ora Banda Mining Ltd (ASX: OBM) (“Ora Banda”, “Company”) is pleased to report on the financial and operating activities of the Company and its subsidiaries (“Group”) for the half -year ended 31 December 2025 – a period during which the Group generated $18 4.0 million in operating cash flows, which continues to be reinvested in the Group ’s growth projects.

H1 FY2 6 Highlights:

• Record revenues of $ 336.3 million (H1 FY2 5: $186.4 million )
• EBITDA1 increased by 106% to $ 173.2 million
• Net Profit after Tax (NPAT) increased 89% to $ 96.3 million , including a $ 43.8 million (non -cash) tax expense in the current period (H1 FY25: nil)
• Cash flow from Operations increased 102% to $184.0 million
• Closing cash of $ 155.4 million (June 202 5: $84.2 million ), up $ 71.3 million
• Record six monthly gold sold of 62,583 oz (including attributable equivalent ounces) (H1 FY25 : 47,824oz)
• Sand King Underground achieved capital payback 12 months after establishing portal
• Put options executed during the period provides coverage over 150koz at A$6,000 exercise price over periods of January – June 2026 and October 2026 – October 2027

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The full news release can be viewed HERE

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Fuerte Metals (TSX.V: FMT)

Announced the award of the construction contract for the Northern Access Route, which will connect the Company’s flagship Coffee Gold Project to the City of Dawson and the Yukon highway network.

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Fuerte Metals Awards Contract for the Coffee Gold Project’s Northern Access Route Construction

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Orla Mining (TSX: OLA; NYSE: ORLA)

Announced that the Company has filed an updated independent technical report for South Railroad prepared in accordance with National Instrument 43-101.

The South Railroad Gold Project is located in Nevada, USA, and forms a part of the Company’s larger South Carlin Complex land package on the prolific Carlin Trend.

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West Red Lake Gold Mines (TSX.V: WRLG) 

Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

The results from Austin 904 Complex and South Austin presented in this update were all drilled from stations on the 13 Level of the Madsen Mine at approximately 650m depth.

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Drill core sample showing visible gold – Courtesy of West Red Lake Gold Mines Ltd.

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Lahontan Gold Corp. (TSX.V: LG)

Announced the final analytical results fromthe 2025 maiden drilling program at the Company’s satellite West Santa Fe project, located only 13 km from Lahontan’s flagship asset, the Santa Fe Mine project, in Nevada’s prolific Walker Lane.

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Project vista – Courtesy of Lahontan Gold

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LAHONTAN DRILLS HIGH GRADE OXIDE GOLD FROM THE SURFACE AT WEST
SANTA FE: 37m GRADING 3.11 g/t Au Eq INCLUDING 11m GRADING 5.75 g/t Au Eq

Toronto Ontario, February 24, 2026 – Lahontan Gold Corp. (TSX.V: LG, OTCQB:LGCXF, FSE:Y2F) (the “Company” or “Lahontan”) is pleased to announce the final analytical results from our 2025 maiden drilling program at the Company’s satellite West Santa Fe project, located only 13 km from Lahontan’s flagship asset, the Santa Fe Mine project, in Nevada’s prolific Walker Lane.

The assay results are from the final reverse-circulation rotary (“RC”) drill are summarized below:
• WSF25-04R: 36.6 metres (0.0 – 36.6m) grading 3.11 g/t Au Eq including 10.7 metres (1.5 – 12.2m) grading 5.75 g/t Au Eq from the surface, all oxide.

The drill hole emphasizes the high gold and silver grades associated with the South Zone at West Santa Fe.

– Also included in the intercept is a second high grade zone: 12.2m (22.9 – 35.1m) grading 3.67 g/t Au Eq.

– The grade and geometry of these intercepts correlate well with adjacent historic drill holes, further validating the historic drill hole database. Numbers may not total precisely due to rounding.

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Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder commented:

“The robust assay results from WSF25-04R confirm the high-grade core of the South Zone as defined by historic drilling and underground mine workings.

 

“We are continuing to model the West Santa Fe system to better understand the geology and geometry of gold and silver mineralization. The geologic team is also fine-tuning a followup RC drilling campaign to commence in Spring.

 

“Previous field work, including geologic mapping, rockchip sampling, and airborne magnetic surveys, confirms that the hydrothermal system at West Santa Fe extends at least 1,000 metres east of the main zone of gold and silver mineralization defined by Lahontan and historic drilling (please Lahontan Gold press release dated June 18, 2024).

 

“This possible extension of the main mineralized zone, plus untested down-dip extensions of gold and silver mineralization, will be the key targets of the Spring drilling campaign.

 

“West Santa Fe continues to be an exciting new exploration target for the Company, one with excellent potential to add important shallow, oxide gold and silver resource ounces to Lahontan’s mineral resource ledger.”

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Pacgold (ASX: PGO)

Announced positive high-grade gold results of the drilling programme designed to expand and upgrade the JORC 2012 Mineral Resource Estimate published in 2020 on the Company’s 100% owned White Dam Gold Project, 80km east of Broken Hill in South Australia.

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White Dam project photos – Courtesy of Pacgold Ltd.

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Pacgold Reports High-Grade Gold in Initial White Dam Resource Drilling Results

Resource drilling continuing to May and second rig on site for Heap Leach testwork

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce the initial results of the drilling programme designed to expand and upgrade the JORC 2012 Mineral Resource Estimate (MRE) published in 2020 on the Company’s 100% owned White Dam Gold Project (‘the Project’), 80km east of Broken Hill in South Australia’s Olary Province.

HIGHLIGHTS

 WHITE DAM RESOURCE DRILLING PROGRAMME RAPIDLY ADVANCING – Reverse Circulation (RC) drilling to upgrade the Vertigo Mineral Resource Estimate (MRE) is 85% complete with 123 holes for 8,003m completed.

The drilling rig will then move to the Hannaford Pit, followed by White Dam North and Rolling Prospects.
 INITIAL ASSAY RESULTS CONFIRM HIGH GRADE GOLD AND STRONG CONFORMITY WITH MRE BLOCK MODEL – Infill RC drilling has been undertaken over a strike length of 500m at Vertigo to infill and upgrade the shallow gold mineralisation, with results strongly underpinning an anticipated MRE upgrade, including:
VRC001: 15m @ 1.6g/t Au and 0.48% Cu from 56m
incl. 1m @ 4.4g/t Au and 1.2% Cu from 60m
and 4m@ 2.9g/t Au and 0.79% Cu from 62m

 SECOND RIG ON SITE TO UNDERTAKE DRILLING FOR METALLURGICAL TESTWORK ON HEAP LEACH PAD – A Sonic rig is now onsite and will begin work on drilling out the existing Heap Leach pad for metallurgical testwork and grade estimation on the remaining ore.

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Pacgold’s Managing Director, Matthew Boyes, commented:

“Our exploration and development teams are rapidly advancing with resource drill-outs. Concurrently, we are looking to firm up potential shallow, low-cost, and easily accessible ore.

 

“By bringing this ore forward in our mine optimisation and schedules, we can help reduce early working capital requirements while we strip back the main pits at Vertigo and Hannaford to access these primary orebodies.

 

“Once each pit has been drilled to our satisfaction, new resource models and pit optimisation studies will be completed.

 

“The Company is targeting early Q3 2026 to finalise this work. Subsequently, we can move forward with our permit submissions to mine the White Dam North resource and expand the footprint of the existing Hannaford and Vertigo pit operations.

 

“2026 has commenced with the team successfully meeting all our goals. With the pad now under irrigation and the re-crush of the final lift set to begin this quarter, we are consistently hitting all our operational milestones.

 

“We look forward to achieving our first production as we continue the rapid transition from explorer to producer.”

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To read the full news release, please click HERE

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