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DLP Resources Confirms Magnetic Body at Esperanza Project in Peru

DLP Resources (DLP.V) said Friday that three-dimensional magnetic susceptibility imaging inversion on its Esperanza porphyry copper-molybdenum project in Peru delineated a strong magnetic body, providing geophysical evidence for locating concealed porphyry bodies.The company said its invention analysis delineated subsurface physical property structures down to 1,200 meters depth. The magnetic body has a volume of about 4.4 cubic kilometers, whose strike, dip, and depth perfectly align with a typical porphyry ore-forming model."The recent aeromagnetic drone survey over the Esperanza project together with the 3D inversion of the data has confirmed a coincident magnetic anomaly with our alteration mapping, spectral alteration mapping and ground geochemistry," President and Chief Executive Officer Ian Gendall said."The magnetic body, potentially related to a potassic core of a porphyry copper system is estimated to be at a depth of 200 to 700m below surface," Gendall added.DLP said it plans to conduct detailed rock chip sampling and additional extension of the magnetic survey. Permitting for a drill program in 2026 is currently underway.Price: $0.28, Change: $-0.02, Percent Change: -5.08%

$DLP.V

Mining & Metals164d ago

Goldstorm Metals Announces LIFE Offering for up to $4 Million; Shares Down 8.3%

Goldstorm Metals (GSTM.V) late on Thursday announced a non-brokered private placement for aggregate gross proceeds of up to $4 million.The private placement consisted of the sale of any combination of units at a price of $0.20 per HD unit, flow through units at a price of $0.24 per FT unit, and charity flow through units at a price of $0.31 per charity FT unit.The company said that each HD unit will be comprised of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of $0.30 per common share for a period of 36 months following the closing of the offering.It added that each FT unit and charity FT unit will be comprised of one common share to be issued as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) and one-half of one warrant to be issued on a non-flow through basis.The net proceeds of the sale of units are expected to be used for general and administrative working capital and other corporate purposes.The offering is expected to close on or about the week of April 30, 2026, and is subject to certain conditions.The company's shares were last seen down $0.02 at $0.22 on the TSX Venture Exchange.Price: $0.21, Change: $-0.03, Percent Change: -12.50%

$GSTM.V

Mining & Metals164d ago

TSX Up More Than 210 Pts; Comes After Index Lost Near 140 Pts on Thursday, For Its First Loss In Seven Sessions

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals165d ago

GMV Minerals Says Drilling Due to Start at Mexican Hat Project, Arizona

GMV Minerals (GMV.V) Friday said drilling at its Mexican Hat Gold project in Arizona will start in the next week and is expected to last approximately two months.A statement noted 30 holes will be drilled, amounting to near 7,000 meters of diamond drill core. The drilling program is primarily infill designed to confirm and upgrade the resource model from an inferred mineral resource, the statement said.GMV confirms that it is fully funded for the 2026 drill and field season.GMV shares closed up $0.005, to $0.20, on Thursday on the TSX Venture Exchange.

$GMV.V

Mining & Metals165d ago

NeXGold Mining Provides Latest Drills Results from Goliath Gold Complex; Rose 4.6% on Thursday

NeXGold Mining (NEXG.V), which saw its shares gain near 5% today, reported Friday additional results from the ongoing diamond drilling program at the Goliath gold complex in Ontario.The company in a statement cited highlights including 1.79 grams per tonne gold over 25.6 meters, 3.22 g/t gold over 10.5 m, and 1.49 g/t gold over 11.0 m.NeXGold said the 25,000-meter drill program is focused on the Goldlund deposit, with holes designed to infill and potentially expand open pit mineral resources. It added the results presented include 777 metres of diamond drilling in three drill holes (GL-25-015, GL-25-016, and GL-26-009) that infill and expand mineralization in Zone 4 of the Goldlund Deposit and specifically within Inferred Resources located at the northeast end of the open pit Mineral Resource."I am encouraged by these results, along with those previously reported from this area, which continue to demonstrate a strong tenor of gold mineralization over a 100-m dip extent, and remain open at depth," President and Chief Executive Officer Kevin Bullock said."Looking ahead, our objectives for this program are clear -- upgrade the resource categorization at Goldlund and build mineral resource confidence at depths consistent with open pit mining," Bullock added. "To this effect, we are drilling this area of Inferred Mineral Resources at a spacing consistent with Indicated Mineral Resources at other areas of the deposit."Shares in NEXG rose $0.07 or 4.6% to $1.59 yesterday.

$NEXG.V

Mining & Metals165d ago

Winshear Metals Says Received $170,000 Non-Dilutive Funding Through the Ontario Junior Exploration Program

Winshear Metals (WINS.V) on Friday said that it qualified for and has received $169,892 from the Ontario government through the Ontario Junior Exploration Program (OJEP), covering 50% of the company's qualifying exploration expenditures at the Thunder Bay Project, NW Ontario.The company said that it is planning to conduct a number of detailed infill soil sampling grids as soon as weather conditions permit, followed by airborne magnetics to refine the gold targets for prospecting and drill target definition."The Ontario Junior Exploration Program is an important program initiative provided by the Ontario Government to encourage, facilitate and speed up early stage, generative mineral exploration, which can lead to new mineral deposit discoveries," said Richard Williams, Chief Executive Officer of Winshear. "We are grateful for the support and recognition of what we are working to accomplish on the Thunder Bay Project."

$WINS.V

Mining & Metals165d ago

Seabridge Gold Reports Delay in Decision to Issue Construction Permits for KSM Mitchell Treaty Tunnels Project

Seabridge Gold (SEA.TO) said Friday that a government decision to issue permit amendments for the construction and operation of the Mitchell Treaty Tunnels (MTT) in British Columbia over their full length has been delayed.The MTT is a key infrastructure component of Seabridge's KSM project, comprising two parallel tunnels connecting the mining operations in the Mitchell Valley with the processing operations in the Treaty Valley.The company said it has received a letter from the Ministry of Mining and Critical Minerals of British Columbia that referenced a legal action filed by Tudor Gold (TUD.V). About 12.5 kilometers of the MTT will pass through mineral claims owned by Tudor.

$SEA.TO$TUD.V

Mining & Metals165d ago

Baylin Technologies Settles Litigation With SpaceBridge

Baylin Technologies (BYL.TO) said Friday that it has settled its litigation with SpaceBridge over claims arising out of the company's acquisition of Advantech Wireless Technologies in January 2018.According to a statement, the settlement is being funded by payments to the parties out of the escrow fund that was established in connection with the acquisition. Baylin will be receiving cash from the escrow as part of the settlement.Baylin shares closed up $0.005, to $0.265, on Thursday, on the Toronto Stock Exchange

$BYL.TO

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