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Minerals 260 Reports Thick, Shallow high-grade Gold Intercepts

Minerals 260 (ASX: MI6)

Advised that further results from its ongoing drilling program at the Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia, continue to support an increase to the current 2.3 Moz Mineral Resource Estimate.

Assays have been received for a further 73 drill holes totalling 16,415m, including:
Bacchus Deposit (current resource 22Mt @ 1.3g/t Au for 890koz Au). Continue reading

Pacgold Raises Funds to Acquire The White Dam Gold Mine

Pacgold (ASX: PGO)

Has successfully raised A$13 million to complete the acquisition of the White Dam Gold project.

Funds raised from the Placement will be applied towards the acquisition of the White Dam Gold Project, refurbishment and restart of existing plant and infrastructure at White Dam, exploration and drill outs on the existing delineated resources. Continue reading

G Mining Ventures Secures Financing to Construct Oko West

G Mining Ventures (TSX: GMIN)

Announced that it has secured commitments for an initial US$387.5 million financing package, with the potential to be increased by an additional US$150M beginning six months after closing, subject to lender approval, for construction of the Oko West gold mine in Guyana. Continue reading

Capricorn Metals Confirm 4 m Ounces of Gold Reserves

Capricorn Metals (ASX: CMM)

Maintains group Ore Reserve Estimate at 30 June 2025 at 4 million ounces of gold after another strong year of production.

The ongoing drilling at the Mt Gibson Gold Project since the last ORE update for that project in November 2024 will be used to underpin an updated open pit ORE in Q3 FY26 and maiden underground ORE in H2 FY26. Continue reading

Orla Mining Discovers Potential 2 KM Extension at Musselwhite 

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced a major exploration success at the Musselwhite Mine in north western Ontario, with drilling confirming a potential two-kilometre extension of the mine’s main gold trend beyond current resources.

Deep directional drilling has intersected high-grade gold mineralization 1.6 kilometres along strike Continue reading

G Mining Ventures Receives Approval of SUDAM Tax Incentive

G Mining Ventures (TSX: GMIN)

Announced that the Superintendência do Desenvolvimento da Amazônia (“SUDAM”) has formally approved the Tocantinzinho Gold Mine, located in Pará State, Brazil, for inclusion in its regional development tax incentive program.

This will be for a period of 10 years. Continue reading

Lefroy’s High-Grade Gold Assays Support Lucky Strike Expansion

Lefroy Exploration (ASX: LEX)

Reported exceptional drilling results targeting a potential Stage 2 expanded pit shell design at the Lucky Strike Gold Deposit.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces (Indicated 0.70Mt @ 1.93 g/t Au for 43,400 oz. Inferred 0.57Mt @ 1.97 g/t Au for
36,200 oz). Continue reading

Initiating Coverage – Erdene Resource Development

Erdene Resource Development (TSX: ERD)

Erdene has just poured first gold on its Mongolian gold project, Bayan Khundi.

The company are looking to self fund an intensive exploration round whilst rapidly paying down debt during the next 12 months.

The first target is a production rate of around 7,000 Oz gold per month within a few months from now. Continue reading

West Red Lake Gold Upsizes Bought Deal Financing

West Red Lake Gold (TSXV: WRLG)

Announced that it has closed its previously announced bought deal public offering of 37,526,800 common shares of the Company at a price of C$0.95 per Share for gross proceeds of C$35,650,460, which includes the full exercise of the over allotment option, and 3,760,000 charity-flow through shares. Continue reading

Equinox Gold Delivers First Gold at its Valentine Gold Mine

Equinox Gold (TSX / NYSE: EQX)

Announced the first gold pour at its Valentine Gold Mine located in Newfoundland and Labrador, Canada.

Commissioning of the Valentine process plant is progressing extremely well, with mill throughput averaging 47% of nameplate for the first 15 days of operation. Continue reading

West Red Lake Announces $30 Million Bought Deal

West Red Lake Gold Mines  (TSXV: WRLG)

Announced that it has entered into an agreement with Raymond James Ltd. as sole underwriter  pursuant to which Raymond James has agreed to purchase, on a “bought deal” basis, 26,316,000 common shares and 3,760,000 charity-flow through shares of the Company at a price of $0.95 per Common Share and C$1.33 per Charity Flow-Through Share for a total of C$30 million. Continue reading

Lefroy’s Lucky Strike Gold Deposit advances towards operations

Lefroy Exploration (ASX: LEX)

Reported on exploration activities across the Lefroy Project, including progress on key milestones for the Lucky Strike Gold Deposit and a planned drilling program at the Burns Central Gold Project.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces (Indicated 0.70Mt @ 1.93 g/t Au for 43,400 oz. Inferred 0.57Mt @ 1.97 g/t Au for 36,200 oz). Continue reading