Big Ridge Gold Corp Provides Corporate Update and 2025 Objectives
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) has provided a corporate update highlighting key achievements in 2024 and objectives for the Hope Brook Gold Project (HBGP) in Newfoundland and Labrador. The company successfully finalized an 80% earn-in at HBGP while reducing required project expenditures by approximately $6 million.
Key accomplishments include completing environmental baseline work, initiating ore sorting and copper/gold deportment studies, and conducting field programs on the southwest extensions of the Main and 240 Zones. Geophysical results established several kilometers of new drill targets southwest of the current resource estimate.
Future steps include releasing exploration results from the 2024 field program, finalizing drill targets on newly defined extensions, providing updates on ore sorting and deportment study results, and completing the Environmental Baseline Report.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) ha fornito un aggiornamento aziendale evidenziando i principali risultati del 2024 e gli obiettivi per il Hope Brook Gold Project (HBGP) in Newfoundland e Labrador. L'azienda ha completato con successo un guadagno dell'80% su HBGP, riducendo al contempo le spese necessarie per il progetto di circa 6 milioni di dollari.
Le principali realizzazioni includono il completamento dei lavori di base ambientale, l'avvio degli studi di classificazione delle materie prime e deportazione di rame/oro, e l'esecuzione di programmi sul campo nelle estensioni sud-ovest delle Zone Main e 240. I risultati geofisici hanno stabilito diversi chilometri di nuovi obiettivi di perforazione a sud-ovest della stima attuale delle risorse.
I prossimi passi includono la pubblicazione dei risultati di esplorazione del programma di campo 2024, la definizione finale degli obiettivi di perforazione sulle nuove estensioni definite, l'aggiornamento sui risultati degli studi di classificazione delle materie prime e deportazione, e il completamento del Rapporto di Base Ambientale.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) ha proporcionado una actualización corporativa destacando los logros clave en 2024 y los objetivos del Hope Brook Gold Project (HBGP) en Newfoundland y Labrador. La empresa finalizó con éxito un acuerdo de adquisición del 80% en HBGP mientras reducía los gastos necesarios del proyecto en aproximadamente 6 millones de dólares.
Los logros clave incluyen la finalización de trabajos de línea base ambiental, el inicio de estudios de clasificación de mineral y deportación de cobre/oro, y la realización de programas de campo en las extensiones suroeste de las Zonas Principal y 240. Los resultados geofísicos establecieron varios kilómetros de nuevos objetivos de perforación al suroeste de la estimación actual de recursos.
Los próximos pasos incluyen la publicación de los resultados de exploración del programa de campo 2024, la finalización de los objetivos de perforación en las nuevas extensiones definidas, la provisión de actualizaciones sobre los resultados de los estudios de clasificación de mineral y deportación, y la finalización del Informe de Línea Base Ambiental.
빅 리지 골드 Corp (TSXV: BRAU) (OTCQB: ALVLF)는 2024년 주요 성과 및 뉴펀들랜드와 래브라도에서의 호프 브룩 골드 프로젝트 (HBGP)에 대한 목표를 강조하는 기업 업데이트를 제공했습니다. 이 회사는 HBGP에서 80%의 취득을 성공적으로 마무리하면서 프로젝트에 필요한 지출을 약 600만 달러 줄였습니다.
주요 성과로는 환경 기초 작업 완료, 광석 분류 및 구리/금 운반 연구 시작, 메인 및 240 구역의 남서쪽 연장에 대한 현장 프로그램 수행이 포함됩니다. 지구물리학적 결과는 현재 자원 추정치의 남서쪽에서 몇 킬로미터의 새로운 시추 목표를 설정했습니다.
앞으로의 단계로는 2024년 현장 프로그램의 탐사 결과 발표, 새롭게 정의된 연장에서의 시추 목표 최종화, 광석 분류 및 운반 연구 결과에 대한 업데이트 제공, 그리고 환경 기초 보고서 완료가 포함됩니다.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) a fourni une mise à jour concernant l'entreprise, mettant en avant les réalisations clés de 2024 et les objectifs pour le Hope Brook Gold Project (HBGP) à Terre-Neuve-et-Labrador. L'entreprise a réussi à finaliser un gain de 80 % sur HBGP, tout en réduisant les dépenses nécessaires au projet d'environ 6 millions de dollars.
Les réalisations clés comprennent l'achèvement des travaux de base environnementale, le lancement d'études de tri des minerais et de transport de cuivre/or, ainsi que la mise en œuvre de programmes sur le terrain dans les extensions sud-ouest des Zones Principale et 240. Les résultats géophysiques ont établi plusieurs kilomètres de nouveaux cibles de forage au sud-ouest de l'estimation actuelle des ressources.
Les prochaines étapes incluent la publication des résultats d'exploration du programme de terrain 2024, la finalisation des cibles de forage sur les nouvelles extensions définies, la fourniture de mises à jour sur les résultats des études de tri et de transport des minerais, et l'achèvement du Rapport de Base Environnemental.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) hat ein Unternehmensupdate veröffentlicht, das wichtige Erfolge im Jahr 2024 und Ziele für das Hope Brook Gold Project (HBGP) in Neufundland und Labrador hervorhebt. Das Unternehmen hat erfolgreich eine 80%ige Beteiligung an HBGP abgeschlossen und gleichzeitig die erforderlichen Projektkosten um etwa 6 Millionen Dollar gesenkt.
Wichtige Errungenschaften umfassen den Abschluss der umweltrelevanten Grundlagenarbeiten, den Beginn von Erzkonzentrierungs- und Kupfer/Gold-Transportstudien sowie die Durchführung von Feldprogrammen in den Südwest-Erweiterungen der Haupt- und 240-Zonen. Geophysikalische Ergebnisse haben mehrere Kilometer neuer Bohrziele Südwesten der aktuellen Ressourcenabschätzung etabliert.
Zukünftige Schritte umfassen die Veröffentlichung der Explorationsergebnisse des Feldprogramms 2024, die finale Festlegung der Bohrziele in den neu definierten Erweiterungen, die Bereitstellung von Updates zu den Ergebnissen der Erzkategorisierungs- und Transportstudien und den Abschluss des Umweltgrundlagenberichts.
- Increased ownership stake to 80% in Hope Brook Gold Project
- Reduced required project expenditures by approximately $6 million
- Established several kilometers of new drill targets through geophysical results
- None.
Toronto, Ontario--(Newsfile Corp. - January 15, 2025) - Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) ("Big Ridge" or the "Company") is pleased to provide an update on the Company and ongoing work at the Hope Brook Gold Project ("HBGP")located on the southwest coast of Newfoundland and Labrador.
2024 Highlights
- Finalized earn-in to
80% of HBGP.
- Completed Hope Brook Environmental baseline work at site.
- Commenced ore sorting and Copper and Gold deportment studies for the HBGP.
- Completed several field programs on the southwest extensions of the Main and 240 Zones at the HBGP.
- Closed the Destiny Gold Project earn-in agreement with Caprock Mining.
Michael Bandrowski, President & CEO of the Company, commented: "2024 was a significant year for Big Ridge. The Company renegotiated the Hope Brook earn-in agreement, increasing its ownership to
Next Steps
- Release exploration results from the 2024 field program, including sampling and assay results from the southwest extensions of the Hope Brook deposit, most notably the Chetwynd and Cinq Cerf areas.
- Finalize drill targets on newly defined extensions to Main and 240 Zones.
- Provide update on ore sorting and deportment study results from Hope Brook.
- Compile field studies and finalize Hope Brook Gold Project Environmental Baseline Report.
Qualified Person
Paul Robinson, P. Geo., Vice President Exploration for Big Ridge, a Qualified Person within the meaning of NI 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information contained in this news release.
About Hope Brook
The Hope Brook Gold Project is an advanced stage, high-grade gold project that produced 752,162 ounces of gold from 1987 - 1997. Initial production consisted of an open pit before moving to underground mining. Hope Brook operated using both heap leach (1987 -1990) and conventional cyanidation milling methods (1989-1997) with a later inclusion of flotation concentration to recover copper (1991). Government records indicate that gold recoveries from milling ranged between a low of
Hope Brook hosts an Indicated gold resource totalling 16,190,000 tonnes grading 2.32 grams per tonne gold for 1.2 million ounces and Inferred resources totalling 2,215,000 tonnes grading 3.25 grams per tonne gold for 231,000 ounces based on a 0.4 and 2.0 gram per tonne cut-off grades for open pit and underground resources respectively using a long-term gold price of US
The Hope Brook gold deposit is a high-sulfidation epithermal gold deposit hosted in the Proterozoic aged Whittle Hill Sandstone and is intruded by a Late Proterozoic quartz-feldspar porphyry sill-dike complex of the Roti Intrusive Suite. The deposit is located adjacent to and within an extensive advanced argillic alteration envelope which includes pyrophyllite, kaolinite, andalusite, and alunite. The principal gold mineralization occurs in a buff-colored massive, vuggy silicic alteration with an associated, less developed grey silicic alteration with pyrite, chalcopyrite and lesser bornite accessory minerals. Gold mineralization is also found with pyrite in units of advanced argillic alteration adjacent to or near silicic alteration horizons. The altered and mineralized zone is cut by mafic dykes whose contacts are often mineralized. All the altered and mineralized sequences and the intruded dykes have been folded.
Hope Brook is located 85 kilometers east of Port aux Basques, Newfoundland. The project has well maintained infrastructure on site, including an operational 28-person camp, an 1,100-meter airstrip, ice-free docking facility and importantly, connection to the provincial electrical power grid via an on-site substation.
About Big Ridge Gold Corp.
Big Ridge Gold Corp. is an exploration and development company managed by a disciplined and experienced team of officers and directors. The Company is committed to the development of advanced stage mining projects using industry best practices combined with strong social license from our local communities. Big Ridge owns an
Acknowledgement
Big Ridge acknowledges and appreciates the Newfoundland and Labrador Ministry of Natural Resources' financial support of the Company's 2023 exploration programs through the Junior Exploration Assistance (JEA) Program.
For more details regarding the Company's projects, please visit our website at www.bigridgegold.com
ON BEHALF OF THE BOARD,
Mike Bandrowski,
President & CEO
Mike Bandrowski,
President & CEO
BIG RIDGE GOLD CORP.
18 King St. East, Suite 1400
Toronto, ON, M5C 1C4
Tel: 416-540-5480
Email: Mike@bigridgegold.com
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 release.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.
Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations, or beliefs regarding future events, and include, without limitation, statements with respect to Big Ridge's intentions with respect to Caprock's shares. All forward-looking statements are based on Big Ridge's and its employees' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. When relying on our forward-looking statements to make decisions with respect to Big Ridge, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Big Ridge does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237269
FAQ
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