News Release
Minaurum Gold CEO unveils Alamos Project's potential in Mexico - PDAC 2024
Minaurum Gold Inc
Minaurum Gold Inc (TSX-V:MGG, OTCQX:MMRGF) CEO Darrell Rader tells Proactive's Angela Harmantas how the company is pioneering the precious metals exploration sector in Mexico. In an exclusive interview at PDAC 2024, Rader discusses the company's flagship Alamos Project. With a unique approach combining exploration with permitting, Minaurum Gold aims to set a new standard in the industry. Rader shares insights into the company's district-scale gold and silver development strategy, emphasizing its significant discoveries and the anticipation of revealing the maiden silver resource this year. The Alamos Project, fully permitted through to production, represents a significant milestone, showcasing over 42,000 metres of drilling and promising initial resources. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 01:03 PM Eastern Daylight Time
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News Release
Cassiar Gold makes good progress with BC's premier gold project - PDAC 2024
Cassiar Gold Corp
Cassiar Gold Corp (TSX-V:GLDC, OTCQX:CGLCF), a leading Canadian gold explorer, focuses on its flagship project in Northern British Columbia, spanning 59,000 hectares. Speaking to Proactive's Angela Harmantas at PDAC 2024, CEO Marco Roque said the company has made significant strides in exploration, with a resource update in early 2022 revealing an inferred gold resource of 1.4 million ounces grading 1.14 grams per tonne. The company has drilled nearly 40,000 meters, identifying mineralization in 115 of 117 drill holes, signaling vast expansion and discovery potential despite challenging market conditions. Recent soil surveys and drilling campaigns have uncovered multiple new gold anomalies and expanded the project's known mineralization areas, pointing to an even larger gold system than previously thought. With $5 million in funding and strategic exploration plans, Cassiar Gold aims to continue its momentum, targeting updated mineral resource estimates and further exploration success. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 01:00 PM Eastern Daylight Time
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News Release
Prismo Metals pioneering copper exploration in Arizona's rich belt - PDAC 2024
Prismo Metals Inc
Prismo Metals Inc (CSE:PRIZ, OTCQB:PMOMF) has embarked on an ambitious journey with promising exploration projects in Arizona and Mexico. In an exclusive interview, Proactive's Angela Hermantis is joined by Prismo Metals chairman Alain Lambert to delve into the company’s strategic initiatives for 2024. Lambert tells Proactive that Prismo Metals is at the forefront with three key projects: two in Mexico aimed at silver and gold, and one pivotal copper project in Arizona. The spotlight shines on the Font Breccia copper prospect in Arizona, a prime location within the renowned copper belt. With a strategic plan to initiate extensive drilling, Prismo Metals is on the verge of potentially uncovering a significant porphyry system. Furthermore, collaborative efforts, notably with Vizsla Silver, highlight the potential of their Palos Verdes silver project in Mexico. With optimism buoyed by stable gold prices and a palpable excitement within the sector, Prismo Metals is poised for a transformational year. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 12:58 PM Eastern Daylight Time
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News Release
Critical Elements Lithium chair highlights huge potential of Rose Project in Quebec - PDAC 2024
Critical Elements Lithium Corp
Critical Elements Lithium Corp (TSX-V:CRE, OTCQX:CRECF) chair Eric Zaunscherb joins Proactive's Angela Harmantas at PDAC 2024 to discuss the company's advanced Rose Lithium Tantalum Project in Quebec. Zaunscherb said the North American hardrock lithium project stands out with a robust feasibility study revealing a $2.2 billion NPV and a 66% IRR after tax. Despite current market challenges, the project maintains its vigor with strategic exploration updates and a significant focus on project financing, aiming to raise $600 million Canadian. Zaunscherb highlighted the experienced management team's expertise in navigating the lithium market, positioning the Rose Project as a cornerstone in the evolving EV market landscape. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 12:55 PM Eastern Daylight Time
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News Release
Newcore Gold CEO shares insights on Ghana's district-scale gold project - PDAC 2024
Newcore Gold
Newcore Gold (TSX-V:NCAU, OTCQX:NCAUF) CEO Luke Alexander sheds light on the promising future of the Enchi project in Ghana, Africa's leading gold-producing nation and the sixth largest globally, in an interview with Proactive's Angela Harmantas at PDAC 2024. Alexander said the district-scale exploration project is underpinned by a robust 2021 preliminary economic assessment (PEA), with an update planned for the first half of this year, hinting at an expanded project scope. Ghana's rich history of gold production, boasting 200 million ounces of historical discoveries and hosting some of the world's largest gold producers, like Newmont, provides a competitive yet promising arena for Newcore Gold. The company's strategic location and extensive exploration, including a 95,000-meter drilling campaign over three years and multiple resource updates, are expected to culminate in a compelling 2024 PEA. Amid a strong gold market, Alexander discussed the project's anticipated economic strengths, referring to promising figures from the 2021 PEA—a $100 million capex for 100,000 ounces of annual production and an after-tax NPV of $300 million at an $1,850 gold price. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 12:51 PM Eastern Daylight Time
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News Release
Surge Battery Metals unearths highest-grade lithium resource in the US - PDAC 2024
Surge Battery Metals Inc
Surge Battery Metals Inc (TSX-V:NILI, OTCQX:NILIF) CEO Greg Reimer discusses the company's Nevada North Lithium Project with Proactive's Angela Harmantas at PDAC 2024. The project, located in northeastern Nevada, focuses on a lithium clay deposit. Following surface sampling in 2021 and 2022, and drilling in 2022 and 2023, the company has published its maiden mineral resource estimate. This estimate revealed a substantial resource of 4.7 million tonnes at 2,900 parts per million, including a high-grade segment of 4.1 million tonnes at approximately 3,100 parts per million, making it the largest and highest-grade lithium resource in the United States. The company anticipates announcing optimisations to the lithium extraction process in collaboration with Dr Vijay Mehta, a noted expert in lithium processing, and Cameco consultants. Further developments include a spring and summer drilling program aimed at increasing resource size and grade, and a preliminary economic assessment scheduled for late fall. The company is also expanding its exploration scope with the Bureau of Land Management, seeking approval for a 250-acre drilling operation. Reimer emphasized the shallow depth (within 250 feet of the surface) of the high-grade resource, potentially enhancing the project's economic feasibility. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 12:48 PM Eastern Daylight Time
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Lavras Gold advances with significant gold discoveries in Brazil - PDAC 2024
Lavras Gold Corp
Lavras Gold Corp (TSX-V:LGC, OTCQX:LGCFF) CEO Michael Durose discusses significant advancements in the company's exploration activities with Proactive's Angela Harmantas at PDAC 2024. Since going public in April 2022, following a spin-out from Amarillo Gold with $10 million in cash, Lavras Gold has launched a robust exploration programme on the LDS project in southern Brazil. This initiative has led to seven new gold discoveries, notably including a significant find at the epicentre of the Fazendo do Posto discovery, which yielded 340 metres at 1.1 grammes per tonne gold adjacent to the existing 500,000-ounce Butiá gold deposit. This discovery was pivotal in enhancing the company's share price, facilitating a subsequent $13.7 million fundraising in September without substantial dilution. As of December 31, the company reported $11.1 million in cash reserves and is in the midst of a 25,000-metre drilling programme expected to continue into mid-2025. The immediate focus is on de-risking the Butiá project, aiming to verify its economic viability. The company is also keen on leveraging the positive gold market trends, attributing the recent high gold prices to global geopolitical and economic tensions, and anticipates a consequent uptick in gold equities. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 12:46 PM Eastern Daylight Time
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Giga Metals CEO discusses vision for a greener battery future - PDAC 2024
Giga Metals Corp
Giga Metals Corp (TSX-V:GIGA, OTCQX:GIGGF) CEO Mark Jarvis tells Proactive's Angela Harmantas that the company possesses one of the world's largest deposits of sulphide nickel and cobalt, crucial for battery chemistry in electric vehicles (EVs). Speaking to Proactive at PDAC 2024, Jarvis said the company's focus is on producing environmentally friendly nickel, addressing the automotive industry's demand for clean raw materials, particularly from European carmakers. The Turnagain Nickely project in British Columbia is Giga Metals' flagship, highlighted by its pre-feasibility study revealing 35,000 tonnes per year of nickel and 2,000 tonnes per year of cobalt over a 30-year mine life. This is based on 950 million tonnes of reserves, part of larger indicated and inferred resources suggesting potential for a 100-year mine life. Currently, the company is seeking strategic partners to fund the transition from pre-feasibility to final investment decision, a process estimated to cost around $50 million. Giga Metals aims to advance the project through environmental assessments and full feasibility studies, with Mitsubishi Corp as a key existing partner. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 12:44 PM Eastern Daylight Time
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News Release
Globex Mining CEO says unique business model yields success - PDAC 2024
Globex Mining Enterprises Inc
Globex Mining Enterprises Inc (TSX:GMX, OTCQX:GLBXF) CEO Jack Stoch tells Proactive's Angela Harmantas that the company utilizes a distinctive business model in the junior mining sector. Boasting a portfolio of nearly 250 assets, Globex adopts a versatile approach by engaging in deals across various minerals and metals, focusing on generating money rather than specific commodities. Stoch outlined the strategy of acquiring potential assets at low costs, enhancing their value, and then partnering with other firms that assume the high-risk development phase. This model has led to substantial returns, including a highlighted transaction where a $2 million investment was converted into $15 million in cash and a deal. Globex's asset portfolio is diversified, ranging from gold and base metals to industrial minerals and specialty metals, including a notable dolomite deposit acquired for minimal staking costs. The company prioritizes long-term vision, seeking opportunities overlooked by others due to market trends or commodity focus. Financially, Globex stands strong with no debt, ownership of all assets, over $20 million in cash and shares, ongoing revenue from joint ventures, and guaranteed revenue from asset sales. Recently, Globex has expanded its project range into the US, acquiring assets in Nevada, Arizona, and Washington State, with a willingness to venture beyond conventional mining trends. This expansion strategy reflects the company's capacity to invest in promising projects regardless of the current market's cautious capital expenditure. Stoch also remarked on the challenging sentiment within the mining sector, highlighting a cautious optimism spurred by recent increases in gold prices. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 12:39 PM Eastern Daylight Time
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