Latest news with #StandardsofDisclosureforMineralProjects


Business Wire
5 days ago
- Business
- Business Wire
Lomiko Metals Announces Receipt of Province of Quebec Permits to Initiate the Bulk Sample Works at La Loutre Graphite Project and Update on Private Placement
MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX.V: LMR) ('Lomiko' or the 'Company') is pleased to announce the receipt of the Autorisation pour travaux d'exploration à impacts ('ATI') for its planned 250-tonne bulk sample at La Loutre Graphite deposit. This bulk sample is an essential aspect of the ongoing research and development to scale up and confirm the process of producing anode material. The bulk sample work will be done in the fall, after the holiday and hunting seasons. Some noninvasive work and mapping will start through the summer. The Company will continue to provide transparent and full information and comply with ECOLOGO for all field work. Gordana Slepcev, CEO, President, and Director, stated: 'We are happy to announce that we have received the ATI permits to initiate the field and work on the 250 tonne bulk sample excavation and processing. The bulk sample will be used to start the work on the scaling up of the anode testing work and demonstrate on a larger scale the results already achieved in the lab-scale testing, showing positive results for use in anode battery technology. This work is supported by a contribution agreement for building Canadian expertise and processing capabilities in graphite. Graphite is one of the six priority critical minerals.' In addition, Lomiko is presently in a permitting phase, as previously announced, to commence geotechnical site investigations with Ministère des Ressources naturelles et des Forêts ('MRNF'). All Canadian contractors have been announced, and Lomiko is proud to have retained the vast majority, and few exceptions, with Southern Quebec-based consulting and contractor team for the Pre-Feasibility Studies. See press releases dated April 24, 2025 and May 21, 2025, for details. Lomiko will continue to engage with community members and remains open to answering questions via regular virtual meetings, the company's Facebook page and direct emails. The information sessions are published on the company's Facebook page and website. Qualified Person The technical content presented in this press release was reviewed and approved by Gordana Slepcev, who is the CEO & President of Lomiko Metals and acts as the 'Qualified Person' as that term is defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. Private placement The Company further advises that it will not seek approval from the TSX-V for a second extension to the closing of a 2 nd flow-through tranche, which closes June 30, 2025; details of which are disclosed in the Company's original press release dated April 1, 2025 About Lomiko Metals Inc. The Company holds mineral interests in its La Loutre graphite development in southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation's territory. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares (45.3 km2). The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian Shield. The Grenville was formed under conditions that were very favorable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high-temperature metamorphism. Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada, prepared by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources reported down-dip and within marble units resulted in the addition of 17.5 million tonnes of Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined with the refinement of the deposit and structural models contributed to the addition of most of the Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021 Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-off grade of 1.50% Cg (graphitic carbon). The independent and qualified persons for the mineral resource estimate, as defined by NI 43 101, are Marina Iund, (InnovExplo Inc.), Martin Perron, (InnovExplo Inc.)., Simon Boudreau, (InnovExplo Inc.). and Pierre Roy, (Soutex Inc.). The effective date of the estimate is May 11, 2023. The Company also holds interest in seven early-stage projects in southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in total on 7 early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and within KZA territory. The stage graphite portfolio consists of 328 claims in total on seven early-stage projects covering 18,622 hectares in southern Quebec. The grades presented below for the Laurentides graphite portfolio were press-released on January 7 th, 2025. ( Ruisseau – grades up to 27.9 percent carbon graphite ('% Cg') from four distinct high grade mineralized zones that are over 3km long; Meloche – grades up to 13.3% Cg from two distinct mineralized clusters; Tremblant – grades up to 11.6% Cg from numerous, widespread spot anomalies; and Dieppe – grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct mineralized cluster. Boyd – 8 samples grades range from 5.61% Cg to 17.10 %Cg with all samples above 5.00% Cg. The technical content regarding the exploration results presented was reviewed by Mark Fekete, who acts as an independent consultant to the Company and is the Qualified Person. In addition to La Loutre, Lomiko has earned a 49% stake in the Bourier Project from Critical Elements Lithium Corporation as per the option agreement announced on April 27 th, 2021. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec, which consists of 203 claims for a total ground position of 10,252.20 hectares (102.52 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends. The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood NL, and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14 and 15 with excellent access along several logging and skidder roads originating from Glenwood. The main Yellow Fox showing is located in the central part of License 027536M, 5km from the western end of Gander Lake. This property is on the same trend as the past-producing antimony mine Beaver Brook, which is located 25km southwest of the property. Yellow Fox is an early-stage exploration property prospective in antimony, gold, and silver where historic works returned samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn), and silver (Ag). The trenching exposed the rocks, resulting in grab samples to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins within altered monzogranite. (See Metals Creek assessment report at Lomiko QP relied on the information provided by Metals Creek. Metals Creek QP is Wayne Reid is registered in Newfoundland. On behalf of the Board, Gordana Slepcev CEO & President and Director, Lomiko Metals Inc. For more information on Lomiko Metals, review the website at Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ('FLI'). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", 'proposes', "potential", "target", "implement", 'scheduled', "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the total gross proceeds of the Offering, the use of proceeds of the Offering, the timing and successful completion of the Offering; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets);, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. The FLI in this news release reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: the Company's, ability to implement its overall business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof, the impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry, and general economic conditions, including in relation to currency controls and interest rate fluctuations. The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the 'Forward-Looking Statements' section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR+ at All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such forward-looking information. The Company does not undertake to update or revise any forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.

Yahoo
12-06-2025
- Business
- Yahoo
Highland Critical Minerals Corp. Announces Preliminary Agreement to Acquire Mining Claims in Nunavut
Toronto, Ontario--(Newsfile Corp. - June 12, 2025) - Highland Critical Minerals Corp. (CSE: HLND) ("Highland" or the "Company") is pleased to announce it has entered into a non-binding letter of intent (the "LOI"), effective as of June 11, 2025, with 6025 Nunavut Ltd. ("Target") to acquire 100% of the outstanding equity interests of Target through a share purchase transaction (the "Transaction"), subject to customary terms and conditions, approvals, and the receipt of legal and tax advice. Target is the holder of mining claims in the Territory of Nunavut comprising of a total of approximately 3326 hectares of land, known as the "Sy Property" located in the Kivalliq Region of Nunavut. The Sy Property has not seen any recent exploration, with the last recorded work conducted in 2007. A technical report was prepared at that time in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects by Apex Geoscience Ltd. of Edmonton, Alberta. The LOI is non-binding in most respects but provides for an exclusive negotiating period between the Company and Target and is subject to completion of customary due diligence by Company and the negotiation and entry into a definitive merger agreement between the Company and Target. The LOI provides for a purchase price of up to 150,000 class A common shares of the Company issued at closing of the Transaction, subject to terms and conditions to be stated in a definitive agreement to be negotiated between the Company and Target. The LOI considers that the definitive agreement with respect to the Transaction will be negotiated and executed on or before June 30, 2025. The definitive agreement is also expected to include customary covenants, closing conditions, including required regulatory approvals, indemnification provisions and termination rights. There can be no assurances that the Company will enter into a definitive agreement or complete the Transaction. The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release. ABOUT HIGHLAND CRITICAL MINERALS CORP. Highland is a mineral exploration and development company. Its activities consist of acquiring and exploring, mining properties. It is anticipated that the Company will be mainly active in the field of mining exploration in Ontario, Canada and that a material part of the funds from subscriptions of the Special Warrants previously sold by the Company will be used in exploration work on the Church Property. For more information, please visit Forward-looking statement This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the anticipated execution of a definitive agreement with respect to the Transaction, the approval of the CSE, and the parties satisfying all terms and conditions to consummate the Transaction. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward- looking statements. The Company has applied several material assumptions in making such forward-looking statements, including without limitation: the timely receipt of all approvals relating to the Transaction, the ability of the Company and Target to negotiate the terms of a definitive agreement on or before June 30, 2025 or at all, satisfactory completion of due diligence investigations in connection with the Transaction, the consummation of the Transaction at all, and assumptions about general economic and market conditions. 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 forward-looking statements or information herein will prove to be accurate. Forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements expressed or implied by such forward-looking statements or information. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions, risks that not all regulatory approvals (including CSE approval) are obtained, risks relating to the mining industry, and other factors discussed in the Company's long-form prospectus dated May 9, 2025. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. For more information, please contact:Edward Disclaimer This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any securities laws and may not be offered or sold in the United States unless registered under the 1933 Act and any applicable securities laws of any state of the United States or an applicable exemption from such registration requirements is available. To view the source version of this press release, please visit 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

Business Upturn
10-06-2025
- Business
- Business Upturn
American Tungsten Corp. Identified Multiple Exploration Targets at Ima Mine & Provides an Update on its Technical Report
Vancouver, BC, June 10, 2025 (GLOBE NEWSWIRE) — American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ('American Tungsten' or the 'Company') is pleased to provide an update on its exploration plans and independent technical report (the 'Technical Report') prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101') for its tungsten project, the Ima Mine, located in Idaho, United States. American Tungsten is currently working with qualified mining and drilling contractors to scope and cost its summer 2025 exploration program. The Technical Report on the Ima property has been published today and is available on SEDAR+. The exploration program, as described in the press release dated March 12, 2025, entails rehabilitation of the D level of the mine to support underground exploration drilling and collection of a bulk sample for metallurgical testwork. Exploration Plan & Targets American Tungsten's ongoing compilation of historical mining and drillhole information has identified multiple exploration targets on the Ima property. Polymetallic tungsten-silver bearing quartz vein exploration targets include the northeastern extension of the No.5 and No.7 veins, the southwest extension of the West Ima vein, the Eastern Vein system, and the main Ima vein below the historical mine (Figure 1). Additionally, the vein system is known to extend to the south across Patterson Creek based on historical exploration by the Defense Minerals Exploration Agency. American Tungsten is actively planning a drill program to delineate the northeastern extension of the No 5. and No. 7 veins, and also assess continuity of vein systems in West and East Ima vein targets, discussed below. 'While our summer program is focused on delineation of the No. 5 and No. 7 veins, the additional exploration targets identified to date demonstrate significant up-side potential of the Ima property.' Said Ali Haji, CEO of American Tungsten. 'Significant tungsten drillhole intercepts from Gentor and Inspiration campaigns, outside of areas mined historically, provide compelling low-risk drill targets for expansion of known mineralization.' Exploration data discussed below include historical information which has not been verified and results from widely spaced drill holes and sampling. The quantity and grade of potential exploration targets is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Drill hole results discussed below are based on historical information, which has not been verified by sampling or assaying and should only be used to assess the potential grade of mineralisation, which may be targeted in future exploration programs. Figure 1: Ima Mine Exploration Target Location Map please click to view image No. 5 and No. 7 Veins Only limited stoping was conducted above the D-level prior to cessation of mining in 1957. The No.5 and No.7 veins dip moderately to the southwest and extend up-dip (north east) from the D-level based on underground mapping and Inspiration Development drillhole intersects. Inspiration reported underground channel sampling results from the No.5 vein of 0.44% WO3 0.043% MoS2 and 2.63 opt Ag with an average true width of 5.3' over a strike length of 520 feet, and from the No. 7 vein of 0.43%WO3 0.041% MoS2 and 2.01 opt Ag with an average width of 6 feet over a strike length of 408 feet2. Sampling of the No.7 vein in an oblique crosscut 500 feet to the south was reported as 0.535% WO3, 0.055% MoS2 and 0.49 opt Ag with an average width of 5.3 feet over a length of 80 feet. Inspiration drillhole ID-9 intersected the vein system approximately 700 feet up dip and reportedly returned 4.6 feet at 1.09% WO3, 0.05% MoS2 and 1.15 opt Ag. The No 5 and No. 7 veins are also intersected in drilling to the north and an additional vein, the No. 3 vein is intersected in the footwall on the D level in Bradley Mining company drilling. Based on simplified volumetric estimates and historically reported grades, the historical drilling and sampling delineates a conceptual exploration target of 2-3 parallel stacked veins 4 to 6 feet wide extending approximately 1000 feet along strike and 500 feet up-dip containing 300-400k tons of mineralized materials with grades of 0.4-1.0% WO3 and 1-2 opt Ag. Ima West Vein – Southwest Extension Gentor drilling from the D-level portal intersected significant tungsten-silver mineralization in quartz veins between the zero level and the 200 level of the Ima mine, south of the water fault, approximately 300 to 575 deep. Gentor drillhole IMA-21 intersected 0.5% WO3, 0.028% MoS2 and 0.99 opt Ag over 20.5 feet, and 0.68% WO3, 0.084% MoS2 and 0.7 opt Ag over 6 feet. Drillhole IMA-26A intersected 1.29% WO3, 0.055% MoS2 and 1.49 opt Ag over 6.5 feet. These intercepts occur 200 and 500 feet along strike and beyond the southern extent of historical underground mining in a western splay of the Ima vein system. The interpreted along strike southeast continuation is untested and remains open to the south along strike. Based on simplified volumetric estimates, historically reported grades, and estimates of true width, the drilling delineates a conceptual exploration target of one or two steeply dipping parallel veins or vein arrays 3 to 10 feet wide extending approximately 400 feet up dip and 500 feet along strike containing 50-150k tons of mineralized materials with grades of 0.5-1% WO3 and 1-2 opt Ag, with additional extension to the southeast possible. Eastern Vein System Presence of an additional vein system located northeast of the principal Ima vein system is supported by historical drilling and drift sampling. This zone was identified as a target area by Inspiration Development, and is further supported by deeper Gentor drillhole intercepts. Historical stope sections do not show significant mining in this area. Northeast directed Midwest Co. drillholes from the zero level are reported to have intersected significant mineralization including 0.47% WO3, 0.05% MoS2 and 2.3 opt Ag, over 3 feet in drillhole MW-02 and 0.58% WO3, .016% MoS2 and 1.6 opt Ag over 10 feet in MW-03. Drift sampling by AMAX on the 360 level in the No.9 crosscut is reported by Inspiration as 0.28% WO3, 0.1% MoS2 and 0.59 opt Ag over 90 feet. Gentor drillhole IMA-27 intersected 30 feet grading 0.2% WO3 including 5 feet grading 0.53% WO3, 0.129% MoS2 and 0.41 opt Ag and 4.9 feet grading 1.26%WO3, 0.07% MoS2 and 1.55 opt Ag, 200 feet below the 360 level and proximal to the molybdenum mineralized granitic cupola. Based on simplified volumetric estimates, historically reported grades, and estimates of true width, the drilling delineates a conceptual exploration target consisting of one or two steeply dipping veins or vein arrays 3-7 feet wide, extending approximately 500 feet up dip and 800 feet along strike containing 100-200k tons grading 0.5-1% WO3 and 0.5-1.5 opt Ag. Significant additional mineralized materials are possible if broader zones of lower grade tungsten mineralization, such as that in the No. 9 crosscut and drillhole IMA-27 is delineated. Main Ima vein system below the mine Significant tungsten mineralization was intercepted in Gentor drillholes 200 to 800 feet below the lowermost levels of the Ima mine main vein system, interpreted as the extension of the Ima vein at depth. Intercepts include 16.5 feet grading 0.710% WO3 and 0.73 opt Ag and 5 feet grading 1.26% WO3 and 5.2 opt Ag in IMA-28A, 7.1 feet grading 0.6% WO3 and 0.93 opt Ag and 5 feet grading 1.06% WO3 and 0.26 opt Ag in IMA-24, and 7.2 feet grading 0.43% WO3 and 1.05 opt Ag in IMA-22. Intercepts may not represent true width of mineralization. Based on simplified volumetric estimates, historically reported grades, and estimates of true width, the drilling delineates a conceptual exploration target consisting of two to three steeply dipping veins or vein arrays 3-6 feet wide, extending approximately 800 feet down dip and 500 feet along strike containing 200-400k tons grading 0.5-1% WO3 and 0.5-2 opt Ag. Continuation of vein system south of Patterson Creek An exploration program conducted by the Defense Minerals Exploration Agency (DMEA) identified a 4 foot wide tungsten bearing quartz vein on the south side of Patterson Creek, intersected in an exploration crosscut. The vein strikes parallel to the main Ima vein system but dips moderately to the northeast. The DMEA reports that 'The exploration has proven that the Ima vein zone continues southward across Patterson Canyon; thus the possible tungsten bearing area has been greatly extended.'3 There is insufficient information currently available to define a conceptual exploration target but additional exploration on the south side of the canyon may be warranted. Molybdenum Mineralization Drilling by Gentor was successful in extending the boundaries of known molybdenum mineralization to the east, and supported a historical 43-101 compliant Mineral Resource Estimate for molybdenum mineralization occurring below the Ima mine. Gentor drillholes IMA-27 and IMA-30 are the easternmost drillholes completed in the molybdenum target and intersected significant widths and higher grades than prior drilling, including 0.25% over 475 feet and 0.28% over 368 feet. This mineralization is open to the northeast and supports a conceptual exploration target within the granitic stock extending approximately 1000 feet along strike, 300 feet down dip and of unknown width to the north east. Exploration data discussed above include historical information which has not been verified and results from widely spaced drill holes and sampling. The quantity and grade of potential exploration targets is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the targets being delineated as a mineral resource. Update on Technical Report Ima Mine Technical Report The technical report on the Ima mine has been published today and is available on SEDAR+. The technical report was prepared by A to Z Mining Professionals and is authored by Mr. Brian LeBlanc, a Qualified Person as defined by NI43-101. The Ima Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2008(1). ABOUT AMERICAN TUNGSTEN CORP. American Tungsten Corp. (previously Demesne Resources Inc.) is a Canadian-based company involved in the acquisition and exploration of magnetite mineral properties. The Company's Star Project consists of five contiguous mineral titles covering an area of approximately 4,615.75 hectares located in the Skeena Mining Division, British Columbia, Canada. The Company has entered into an option agreement pursuant to which it is entitled to earn an undivided 100% interest in the Star Project. American Tungsten has also entered into an option agreement, pursuant to which it can acquire a 100% interest (subject to a 2% royalty) in and to the Ima Mine Project, a past producing underground tungsten mine situated on 22 patented claims located in East Central, Idaho, United States. In addition, the Company has acquired surrounding mining rights at its Ima Mine Project through the staking of 113 WMO federal lode mining claims covering an area of 1,988.6 acres (804.75ha). Social media links: LinkedIn: X: Facebook: corp/ Instagram: YouTube: ON BEHALF OF THE BOARD OF DIRECTORS: Ali Haji Chief Executive Officer 1055 West Georgia Street, Suite 1500Vancouver, BC V6E 0B6 Canada
Yahoo
09-06-2025
- Business
- Yahoo
G Mining Ventures Files NI 43-101 Technical Report for Oko West Gold Project in Guyana
BROSSARD, QC, June 9, 2025 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) announces that the Corporation has filed a technical report (the "Technical Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI-43-101") in respect of the feasibility study (the "FS" or the "Study") for its wholly owned Oko West gold project ("Oko West" or the "Project"), located in Guyana. The Technical Report, titled "Feasibility Study NI 43-101 Technical Report, Oko West Gold Project," has an effective date of April 28, 2025, with an issue date of June 06, 2025, and was authored by independent Qualified Persons and is in accordance with NI 43-101. The Qualified Persons ("QPs") are Paul Murphy, P. Eng. having overall responsibility for the Report including capital and operating costs. Neil Lincoln, P. Eng. having responsibility for metallurgy, recovery methods and process plant operating costs. Christian Beaulieu, MSc, of Minéralis Consulting Services is responsible for property description, geology, drilling, sampling and the mineral resource estimate. Alexandre Burelle, P. Eng. is responsible for the mining method and capital and operating costs related to the mine and the economic analysis. Kevin Leahy, of ERM Ltd., is responsible for the environment and permitting aspects. The full Technical Report is available under the Corporation's profile on SEDAR+ ( and on the Corporation's website at About G Mining Ventures Corp.G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Mine in Brazil, supported by the Gurupi Project in Brazil and the Oko West Project in Guyana — all with significant exploration upside and located in mining-friendly jurisdictions. Cautionary Statement on Forward-Looking InformationAll statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to the section entitled "About G Mining Ventures Corp.". Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to the price of gold and currency exchange rates, those outlined in the Technical Report and those underlying the items listed in the above section entitled "About G Mining Ventures Corp.". Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) GMIN will achieve its objectives for Oko West, notably to bring the Project into commercial production, or (ii) GMIN will use TZ and Oko West to grow GMIN into the next intermediate producer, or (iii) the exploration upside of GMIN's properties will lead to additional mineral resources and reserves, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will remain mining friendly and prospective jurisdictions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation's (i) Annual Information Form dated March 27, 2025, for the financial year ended December 31, 2024, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. View original content to download multimedia: SOURCE G Mining Ventures Corp 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


Cision Canada
09-06-2025
- Business
- Cision Canada
G Mining Ventures Files NI 43-101 Technical Report for Oko West Gold Project in Guyana
BROSSARD, QC, June 9, 2025 /CNW/ - G Mining Ventures Corp. (" GMIN" or the " Corporation") (TSX: GMIN) (OTCQX: GMINF) announces that the Corporation has filed a technical report (the " Technical Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (" NI-43-101") in respect of the feasibility study (the " FS" or the " Study") for its wholly owned Oko West gold project (" Oko West" or the " Project"), located in Guyana. The Technical Report, titled "Feasibility Study NI 43-101 Technical Report, Oko West Gold Project," has an effective date of April 28, 2025, with an issue date of June 06, 2025, and was authored by independent Qualified Persons and is in accordance with NI 43-101. The Qualified Persons (" QPs") are Paul Murphy, P. Eng. having overall responsibility for the Report including capital and operating costs. Neil Lincoln, P. Eng. having responsibility for metallurgy, recovery methods and process plant operating costs. Christian Beaulieu, MSc, of Minéralis Consulting Services is responsible for property description, geology, drilling, sampling and the mineral resource estimate. Alexandre Burelle, P. Eng. is responsible for the mining method and capital and operating costs related to the mine and the economic analysis. Kevin Leahy, of ERM Ltd., is responsible for the environment and permitting aspects. The full Technical Report is available under the Corporation's profile on SEDAR+ ( and on the Corporation's website at About G Mining Ventures Corp. G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Mine in Brazil, supported by the Gurupi Project in Brazil and the Oko West Project in Guyana — all with significant exploration upside and located in mining-friendly jurisdictions. Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to the section entitled "About G Mining Ventures Corp.". Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to the price of gold and currency exchange rates, those outlined in the Technical Report and those underlying the items listed in the above section entitled "About G Mining Ventures Corp.". Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) GMIN will achieve its objectives for Oko West, notably to bring the Project into commercial production, or (ii) GMIN will use TZ and Oko West to grow GMIN into the next intermediate producer, or (iii) the exploration upside of GMIN's properties will lead to additional mineral resources and reserves, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will remain mining friendly and prospective jurisdictions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation's (i) Annual Information Form dated March 27, 2025, for the financial year ended December 31, 2024, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.