News Archives - Page 8 of 10

TuesdayDec 03, 2024 11:44 am

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Subsidiary Secures Key Environmental Approval for Los Azules Copper Project

McEwen Mining (NYSE: MUX) (TSX: MUX), through its subsidiary McEwen Copper Inc., has achieved a significant milestone with the approval of the Environmental Impact Assessment (“EIA”) for its Los Azules copper project in Argentina. Granted by the San Juan Provincial Government's Ministry of Mines, the approval reflects McEwen Mining’s commitment to sustainable practices and positions the project for feasibility studies, construction, and operation. Designed for renewable energy use and carbon neutrality by 2038, Los Azules reinforces McEwen Mining’s leadership in modern, environmentally responsible mining. A definitive feasibility study is anticipated in early 2025, with construction potentially beginning in 2026. To…

TuesdayDec 03, 2024 9:30 am

RockBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Boosts Production with Successful Tubing Operation at SASB Gas Field

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) has completed the installation of 2 3/8 velocity string tubing in four wells at the SASB Gas Field in Turkey, including three long-reach wells on the Akcakoca Platform. This operation aims to reduce water loading and enhance gas production by enabling wells to produce at lower wellhead pressures. Initial results show steady production improvements from Guluc-2 and West Akcakoca-1, while Akcakoca-3 continues with reduced water output. The next phase includes similar upgrades to two tripod wells, reservoir stimulation, and optimized choke adjustments to maximize gas recovery. Despite winter delays, Trillion anticipates a significant boost…

MondayDec 02, 2024 2:18 pm

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports High-Grade Gold Results and Expansion Potential at Grey Fox Deposit

McEwen Mining (NYSE: MUX) (TSX: MUX) shared promising assay results from its Grey Fox deposit within the Fox Complex in Ontario, Canada, including a highlight of 10.2 g/t gold over 11.1 meters at the Whiskey Jack zone. Geological studies reveal similarities between Grey Fox and Japan's high-grade Hishikari Gold Mine, suggesting potential for stacked epithermal veins alongside orogenic gold zones. Current modeling identifies over 50 mineralized lenses, with 90% of Grey Fox's 1.4-million-ounce gold resource located within 300 meters of the surface. The ongoing exploration aims to expand production and uncover deeper mineralization, with an updated resource estimate for the…

MondayDec 02, 2024 1:26 pm

RockBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Moves to Advance Path to Production at Parbec

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) has announced several new initiatives at its Parbec Gold Deposit in Malartic, Quebec. These include a resource update, the start of the permitting process to dewater the underground access to the deposit and TOMRA testing of mineralized and non-mineralized material from Parbec. “Each of our new initiatives at Parbec is intended to increase our deposit knowledgebase towards a future production decision. Our existing, outdated 43-101 resource encompasses only a portion of the property and uses only part of our own drilling, and none from the 1980s or 1990s,” said Renforth President and…

WednesdayNov 27, 2024 8:00 am

RockBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Advances Plans for Saudi-Based PGM Smelter and Refinery

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) has signed a memorandum of understanding (MOU) with Ajlan & Bros Company for Mining and Saudi Arabia's Ministry of Investment (MISA) to explore the development of a platinum group metals smelter (“PGM Smelter”) and base metal refinery (“BMR”) in Saudi Arabia. The initiative supports Saudi Arabia’s Vision 2030 by fostering the mining and minerals sector as a key economic pillar. Building on a 2023 Cooperation Agreement with Ajlan, the project includes a global PGM concentrate market study, a feasibility study, and potential for a 50:50 joint venture. The project aims to process…

TuesdayNov 26, 2024 11:31 am

RockBreaks – Torr Metals Inc. (TSX.V: TMET) Identifies High-Priority Gold Targets at Filion Gold Project

Torr Metals Inc. (TSX.V: TMET) announced the successful completion of its 2024 surface geochemical exploration program at the 100%-owned Filion Gold Project in northern Ontario, collecting 1,092 soil and 44 rock grab samples. The program expanded exploration at Filion West with a comprehensive 8.8 km² soil sampling grid, uncovering multiple high-priority zones influenced by advanced LiDAR technology. Highlights include 17 undocumented historical trenches and gold grades of up to 91.4 g/t Au in chip samples. Filion East was confirmed to share favorable geology with Filion West, extending prospectivity across the 42 km-long Filion Fault system. With drilling permits secured and…

TuesdayNov 26, 2024 9:33 am

RockBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports High-Grade Mineralization in Santa Barbara Zone of Iska Iska Project

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) announced initial assay results from its definition diamond drilling program in the Santa Barbara starter pit area of the Iska Iska silver-tin polymetallic project in Bolivia. Highlighted results from Hole DSB-68 include a 289.13-meter intersection grading 66.90g Ag/t, 0.63% Zn, 0.42% Pb, and 0.11% Sn, with higher-grade intervals reaching up to 126.10g Ag/t over 122.03 meters. The drilling confirms large high-grade mineralized shoots within breccia pipes that serve as feeders, with mineralization widening at depth. These results align with the geological zoning model of Bolivia's Tin Belt and suggest the potential for…

MondayNov 25, 2024 8:00 am

RockBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Updates 2024 Exploration Progress at Storm Copper Project, Highlights New Discoveries

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) provided an update on the 2024 exploration activities at the Storm Copper Project on Somerset Island, Nunavut, operated by American West Metals Limited under a 20/80 joint venture agreement. Aston Bay retains a free carried interest until a mining decision is made following a bankable feasibility study. CEO Thomas Ullrich highlighted the discovery of two new zones with copper, zinc, and silver mineralization, emphasizing the potential of the 110 km-long trend. He noted the success of prospecting, geophysics, geochemistry, and drilling efforts and announced ongoing development of a maiden resource and further testing of new…

WednesdayNov 20, 2024 9:15 am

RockBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Featured in Editorial Highlighting Growing Demand for Critical Metals

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) has been featured in a NetworkNewsWire (“NNW”) editorial, underscoring the rising investment opportunities in the mining sector fueled by increasing demand for critical and traditional metals. As clean-energy technologies drive the need for lithium, cobalt, nickel, and rare earth elements, traditional metals like copper and aluminum are also gaining renewed attention for their role in infrastructure and energy transmission. Amid economic uncertainties, gold and silver remain valuable investments, while platinum group metals (“PGMs”) are gaining prominence due to their unique industrial applications, particularly in automotive pollution control. With potential supply constraints and…

MondayNov 18, 2024 1:45 pm

RockBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Ownership Led by Individual Investors Holding Majority Stake

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) was featured in a recent article by Simply Wall St. The publication describes Platinum’s ownership structure, explaining that the company is primarily owned by individual investors, who hold a 51% majority stake, granting them substantial influence over the company’s governance and management decisions. Institutional investors also hold a significant portion, contributing to PTM's credibility within the investment community, though ownership remains fragmented, with the top 25 shareholders collectively owning 48%. The largest single shareholder is Hosken Consolidated Investments Limited, holding 26% of shares. Insider ownership is minimal, with less than 1%…

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