Latest news with #ElOro
Hamilton Spectator
18 hours ago
- Business
- Hamilton Spectator
Xali Gold Developing Drill Targets at Sarape Project Near Las Chispas Mine in Mexico
VANCOUVER, British Columbia, July 23, 2025 (GLOBE NEWSWIRE) — Xali Gold Corp. (TSXV:XGC) ('Xali Gold' or the 'Company') is pleased to announce that it has completed strategic data compilation studies on the Sarape silver-gold Project ('Sarape' or the 'Project'), in Northern Mexico under option from Advanced Lithium Corp. ('AALI'). Xali Gold optioned the Sarape Project believing that it covers the northerly extension of a trend of multiple low-sulphidation veins systems including the high-grade silver and gold system at the Las Chispas Mine roughly 20 km to the southwest (Figure 1). Prior to Las Chispas being sold to Couer Mining Inc. ('Couer') by SilverCrest Metals for C$2.4 billion, Las Chispas was estimated to contain Proven and Probable Reserves of 33.5M ounces ('oz') of silver ('Ag') and 357,000 oz of gold ('Au'). Two extensive vein structures found on Sarape appear to be typical of low-sulphidation epithermal systems like those at Las Chispas, where mineral-rich fluids deposit silver and gold within a specific zone known as the 'boiling zone'. Within this zone, the highest-grade mineralization often occurs in secondary shoots controlled by structural features. This type of epithermal system is common in northern Mexico and includes notable examples like Coeur's Las Chispas Mine, First Majestic Silver's Santa Elena Mine and Bear Creek Mining's Mercedes Mine (Figure 1), which share similar geological characteristics. Since optioning Sarape, Xali Gold's exploration team, Enrique Bernuy and Matthew Melnyk, have been compiling and reviewing all historical drill data available and have identified boiling zone textures in drill core that increase with depth. These findings, together with anomalous levels of silver and gold found on surface and in drilling to date, have been compared to many other prolific systems visited by our team in Argentina, Mexico, Peru and Chile (such as El Oro (8M oz Au), Calcatreu (1M oz Au Equivalent ('Eq')), Los Gatos (2.9M oz Au & 135.2M oz Ag), Cerro Vanguardia (1.8M oz Au), Promontorio (140.8M oz Ag Eq), Troique (11.2M oz Au Eq)) for both major and junior companies. All of this is key to designing the exploration work required to delineate the best drill targets. 'We are very pleased that our exploration team has been able to recognize key vectors to precious metals bearing boiling zones occurring below and lateral to previous drilling. We optioned the project having recognized that key aspects of two known veins on Sarape indicate excellent potential to host high grades of silver and gold mineralization similar to Las Chispas and many other low-sulphidation systems in deposits and mines both in Mexico and elsewhere. Now we have several key vectors, including geochemistry, lithologies, alteration, and vein textures to direct our exploration and drilling,' says Joanne Freeze, Xali Gold President and CEO. 'This gives us a clear path forward, and we look forward to the next phase of work, including detailed geological mapping, re-logging of historic drill core, targeted sampling, and the delineation of drill targets to fully assess Sarape's potential.' Joanne Freeze will participate in a webinar hosted by Adelaide Capital at 2:00 pm ET today (Wednesday, July 23rd) to discuss the Sarape Project in more detail. Questions can be submitted during the session or in advance to deborah@ . Register here: . The webinar livestream will also be available to watch on the Adelaide Capital YouTube Channel, where a replay will be posted after the event: . Figure 1: Sarape location map showing proximity to major producing mines The Sarape Project is located in the Rio Sonora Valley of northern Mexico and comprises two main epithermal veins - Sarape and Chiltepin - that lie on either side of an uplifted block of volcanic rock. Many vein exposures and drill intersections display high-level low-sulphidation epithermal features and elevated gold-silver values. The highest-grade samples reported from surface were 3.63 grams per tonne ('gpt') Au and 10.25 gpt Ag over 0.5m at the Sarape vein and 3.66 gpt Au and 177 gpt Ag over 1.0m from the Chiltepin vein. The Sarape vein, which varies in width from 3 to 12 metres ('m'), has been mapped and sampled over a strike length of 5000m, of which only 1.2km has been drill tested. Previous drilling on the project, from 2019 to 2020, included 19 holes targeting the Sarape Vein of which nine intersected the vein. The Chiltepin Vein, which averages 3m in width on surface, has been traced over a strike length of 2500m and occurs south of the Sarape Vein. Two holes drilled between 2019 and 2020 targeted the Chiltepin vein, and anomalous levels of gold and silver were intersected. Highlights from previous drilling on the Sarape Vein showed elevated gold and silver values which are typical for levels above the boiling zone in low-sulphidation systems and confirm that the epithermal fluids are precious metal-bearing. Results include: The comprehensive review of historical data includes drill core photos, logs, assays, and geological maps. Most of the historical exploration and all previous drilling have focused on the central portion of the Sarape Vein. This analysis revealed that textures typically associated with the boiling zone are present in the historically drilled area (Photos 1 - 3), and a fence of drill holes suggests that these textures improve with depth, indicating that the full boiling zone is likely preserved below the current levels of drilling. Additionally, drilling along strike has intersected the vein but likely only the upper part of the mineralized zone, indicating that the system may gently to moderately plunge, which is consistent with other regional deposits (Figure 2). Supporting this interpretation are low gold-silver ratios, classic boiling textures, near-equal proportions of quartz and calcite, and anomalous antimony-gold-silver values. Together, these features suggest that the exposed veins on the Project represent the upper levels of a low-sulphidation epithermal system, with the potential for stronger mineralization at depth. These deeper zones now represent compelling targets for follow-up drilling. Additionally, since epithermal veins often occur in clusters, the Sarape Project also remains open for further exploration to identify additional near-surface and blind veins. Photo 1: Banded, rhythmic, colloform, crustiform texture in Hole SAR19-04 (24.68m of 0.18 gpt Au and 8.9 gpt Ag). Photo 2: Boiling Texture – Quartz replacing carbonate 'lattice calcite' in Hole SAR19-04. Photo 3: Colloform, banded texture in Hole SAR19-05 Figure 2: Long section of Sarape Vein Future Exploration Xali Gold is planning an exploration program to better delineate drill targets by surface mapping, core re-logging and re-sampling. In the historic drill core, particular focus will be given to vein textures, cross-cutting relationships between vein phases, and any visible signs of mineralization. Where appropriate, samples will be collected for assay to better understand how each vein phase contributes to mineralization. A 3D geological model will then be developed to accurately represent the vein geometry, structural framework, and historical drill results. This model, along with insights from mapping and regional analogues, will form the basis for drilling by Xali Gold. Additional information about the Sarape Project, including the terms of the agreement with AALI, can be found in the February 28 th , 2025 News Release and on the Xali Gold website . About Xali Gold Xali Gold holds several gold and silver projects in both Mexico and Peru. Xali Gold has recently acquired the right to earn a 49% interest in the Sarape silver-gold Project ('Sarape'), in Northern Mexico from Advanced Lithium Corp. The Sarape Project is located in the Rio Sonora Valley of northern Mexico, a prolific gold-silver mining district that includes First Majestic Silver's Santa Elena/Ermitano Mine, Premier Gold Mines' Mercedes Mine and Coeur Mining's Las Chispas Mine. The Sarape Project is located approximately 20 km northeast of the Las Chispas Mine which was recently purchased by Coeur for C$2.4 billion. Xali Gold recognizes the Project's immense potential and plans to leverage our expertise in low-sulphidation epithermal gold systems such as El Oro, to unlock its full value. Las Chispas, Ermitano and Sarape have similar geological settings, occur within the same structural corridor and are all low-sulphidation epithermal vein projects. Las Chispas and Ermitano are high-grade gold and silver mines, with low costs of production and generate remarkable free cash flow. The Company's flagship project, El Oro, is a district scale historic producer of gold and silver. While the Company's main goal at El Oro is to make a new discovery, similar to the multi-million ounce ('oz') gold and silver ore bodies mined historically, the Company has entered into two agreements with third parties for the rights to produce gold and silver from specific shallow areas of the El Oro Project which are expected to bring in cash flow and open up underground access for drilling. The El Oro property hosts 20 veins with past production and more than 57 veins in total, with two veins alone producing approximately 6.4M ozs of gold and 74M ozs of silver from mining that averaged only 200m depth (Ref. Mexico Geological Service Bulletin Nr. 37, Mining of the El Oro and Tlalpujahua Districts, by T. Flores in 1920). With renewed interest in gold and silver exploration in South America, Xali Gold has recently been reviewing high-sulphidation gold targets with features similar to Yanacocha and Pierina, within proven high-sulphidation epithermal belts in Peru. Joanne Freeze, CEO of Xali Gold was the Qualified Person for the Pierina project from discovery to purchase by Barrick. The Company maintains other properties in Peru. Xali Gold is dedicated to being a responsible community partner. Joanne C. Freeze, President and CEO is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. Ms. Freeze has reviewed and approved the contents of this release. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. On behalf of the Board of Xali Gold Corp. 'Joanne Freeze' President, CEO and Director For further information please contact: Joanne Freeze, President & CEO Tel: + 1 604-512-3359 info@ Forward-looking Information This news release may contain forward-looking information (as such term is defined under Canadian securities laws) including but not limited to historical production records and resource estimates. While such forward-looking information is expressed by Xali Gold in good faith and believed by Xali Gold to have a reasonable basis, they may address future events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Xali Gold's MD&A. Factors that cause the actual results to differ materially from those in forward-looking information include, without limitation, gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental issues, availability of capital and financing and general economic, market or business conditions. Xali Gold expressly 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 in accordance with applicable securities laws. A photo accompanying this announcement is available at:
Yahoo
08-07-2025
- Business
- Yahoo
Dynacor Signs Share Purchase Agreement to Acquire Processing Plant and Assets in Ecuador
MONTREAL, July 08, 2025 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX: DNG) ('Dynacor' or the "Corporation"), is pleased to announce it has signed a share purchase agreement to acquire Arkham Metals SAS (Ecuador) from Pelorus Minerals Limited, a wholly owned subsidiary of Arkham Metals Limited Australia. As previously announced, Dynacor will pay $9.75 million for 100% of the shares of the 1,500 tpd permitted processing plant. All amounts are in US dollars unless otherwise specified. 'Svetlana', the newly acquired processing plant, is located in Portovelo, in the El Oro province of southern Ecuador. The carbon-in-pulp (CIP) plant was operated intermittently between 2011-2020, and has been in care and maintenance since Q2-2020. Under its international expansion plan, Dynacor will pay a total consideration of $25 million including the purchase price to upgrade the plant and prepare for ramp up to 300 tpd operating capacity in 2026. The transaction will be funded with proceeds from the $22.1 million financing carried out earlier this year. Jean Martineau, President and CEO, said, 'This acquisition in Ecuador is a first step and significant milestone in our journey to produce half a million ounces of gold. In addition to marking our transition into a geographically diversified gold processor, the acquisition of Svetlana would bring a material increase in our installed capacity. Importantly, the permitted plant offers a long runway to grow through optimisation and through expansion of its ore purchasing network. On behalf of the Dynacor team, I wish to thank our shareholders who have supported our growth ambitions and look forward to delivering on our value creation strategy.' For more information, please view the presentation on 'Svetlana' here. Transaction Highlights Consistent with plan to become a multi-asset gold processor: Strategic acquisition of Dynacor's second processing plant, and first in Ecuador, that strengthens its presence in Latin America. 'Svetlana' is a fully funded, permitted processing plant that, following initial ramp-up, is expected to increase annual production by approximately 75,000 AgEq ounces (300 tpd). Quality CIP plant that leverages Dynacor's unique knowhow: Provides an excellent fit with Dynacor's skill set and multi-decade operation of a carbon-in-leach (CIL) plant in Peru. Offers upside: The plant is built and permitted for 1,500 tpd but will initially be launched at 300 tpd. The purchase price includes the plant, mining fleet, and a relatively new tailings dam. The Corporation believes that its differentiated business model positions it strongly to meet the continued growth of the artisanal and small-scale gold mining (ASGM) market in Ecuador. Location in the heart of Ecuador's gold mining district: The plant's location in the main gold processing region of Ecuador, a country with a rich ASGM history, provides a solid platform for Details Total consideration is $9.75 million, payable in cash. Closing of the share purchase agreement is expected on July 14, 2025. About Dynacor Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The company plans to expand to West Africa and within Latin America. The premium paid by luxury jewellers for Dynacor's PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit for more information. Forward-Looking Information Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release. Contact: For more information, please contact: Ruth HannaDirector, Investor Relations T: 514-393-9000 #236 E: investors@ Renmark Financial Communications FilipponeT : (416) 644-2020 ou (212) 812-7680E: bfilippone@ Website: in to access your portfolio
Yahoo
19-06-2025
- Business
- Yahoo
Court Grants Final Order to Lumina Gold Approving Arrangement with CMOC
VANCOUVER, BC, June 19, 2025 /CNW/ - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that the Supreme Court of British Columbia (the "Court") has issued a final order approving the previously announced plan of arrangement (the "Arrangement") pursuant to which 1536188 B.C. Ltd. ("Acquireco"), a wholly-owned subsidiary of CMOC Singapore Pte. Ltd. (the "Purchaser") will acquire all of the issued and outstanding common shares of Lumina, as previously jointly announced on April 21, 2025. Subject to the satisfaction or waiver of the remaining conditions to closing contained in the arrangement agreement entered into among the Company, Acquireco and the Purchaser dated April 21, 2025 (the "Arrangement Agreement"), the Arrangement is expected to close in late June 2025. The Arrangement is subject to the final approval of the TSX Venture Exchange. About Lumina Gold Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based exploration company focused on the Cangrejos project located in El Oro Province, southwest Ecuador. In 2023, the Company completed a Pre-Feasibility Study for the Project, which is the largest primary gold deposit in Ecuador. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects. Follow us on: Twitter, LinkedIn or Facebook. Further details are available on the Company's website at To receive future news releases please sign up at LUMINA GOLD CORP. Signed: "Marshall Koval" Marshall Koval, President & CEO, Director 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. Cautionary Note Regarding Forward-Looking Information Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the terms and conditions of the Arrangement; receipt of final regulatory approval; the closing and expected timing of closing of the Arrangement. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, metals prices, the timely receipt of necessary approvals, the Company's ability to comply with the terms and conditions of the Arrangement Agreement, no unplanned delays or interruptions, and expected Ecuador national, provincial and local government policies. The foregoing list of assumptions is not exhaustive. Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. View original content to download multimedia: SOURCE Lumina Gold Corp. View original content to download multimedia: 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
Time of India
02-05-2025
- Entertainment
- Time of India
WWE Backlash 2025 predictions: 3 reasons Becky Lynch could dethrone Lyra Valkyria for her title
Image via WWE Becky Lynch is set to challenge Lyra Valkyria in a huge title match after betraying her on the RAW after WrestleMania 41 . Becky Lynch made her thunderous return to WWE at WrestleMania 41 after a year of absence. She was Lyra Valkyria's replacement partner to face Liv Morgan and Raquel Rodriguez for the WWE Women's Tag Team Championships. The duo won the titles at the show, but lost them back on the RAW after WrestleMania. Right after that, Lynch shocked everyone by attacking Valkyria, the woman who looked up to her as an idol. The Man revealed herself to be the attacker of Lyra's original partner at WrestleMania 41, Bayley, and claimed that she would not have won at Mania without her. Following a heated exchange, Valkyria offered a WWE Women's Intercontinental Championship match to Lynch, which she accepted. With the match official for WWE Backlash, here are three reasons Becky Lynch could beat the champion for her title: 3. Set up a rubber match between the duo Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like El Oro: AI guru Andrew Ng recommends: Read These 5 Books And Turn Your Life Aroun... Blinkist: Andrew Ng's Reading List Undo Becky Lynch and Lyra Valkyria are no strangers to each other inside the squared circle. The duo collided against each other back at the 2023 NXT Halloween Havoc Week One. To the surprise of many, Valkyria dethroned Lynch and won the NXT Women's Championship. The Man could get her revenge by beating her for the IC title at WWE Backlash. This win could bring their score to 1-1 and possibly set up another blockbuster match between them at a later PLE. 2. Lyra Valkyria's run has been lackluster Lyra Valkyria has been making waves ever since being called up to the main roster back in 2024. Despite making history by becoming the first-ever WWE Women's Intercontinental Champion, Valkyria's run has not garnered much attention. Therefore, WWE could decide to take the title off her and move in a new direction with Becky Lynch as the champion. 1. Becky Lynch's star power could elevate the legacy of the title There is no denying that Becky Lynch is one of the biggest WWE superstars of the modern era. The Man is a marquee attraction and commands star power like no other. With the WWE Women's Intercontinental title relatively new in the landscape, the company can capitalize on this title match set for WWE Backlash. Lynch dethroning Lyra Valkyria for the title could bring major attention to the belt. Moreover, her run as the new champion could elevate its legacy and make it an important championship in WWE. Also read: WWE megastar CM Punk featured in SyFy's 'Revival' series trailer
