gold exploration

Thunder Gold Corp. (TGOLF) will host an investor webinar on November 25, 2025, led by CEO Wes Hanson, providing an update on the Tower Mountain Gold Project. The presentation will focus on the Phase 3 drill program, outlining progress in delineating a large, low-grade gold system and the project’s potential as a district-scale asset. A live Q&A session will follow. The Tower Mountain Project, strategically located near Thunder Bay, Ontario, is advancing towards its maiden NI 43-101 Mineral Resource Estimate.

Lake Victoria Gold (LVG) is accelerating drilling at its Imwelo Gold Project in Tanzania by adding a second drill rig. A 24-hole, 4,000-meter program is underway at Area C with the goal of completion by mid-December 2025. The program targets geotechnical data collection, resource conversion, exploration of down-dip extensions, grade control planning, and metallurgical analysis. Initial assay results from the first completed holes are anticipated next week. LVG will provide ongoing updates on the drilling progress.

BTU Metals (BTUMF) secured approval to acquire 100% interest in Dixie East Project on October 27, 2025. The property is strategically located east of Kinross Gold’s Great Bear Dixie Project, covering nearly 10 km of structural geology. BTU describes the area as underexplored for LP Fault-style gold mineralization, with no drilling in over 30 years. Reconnaissance activities and geological modeling are planned in the coming weeks to explore felsic tuffs, sericite schists, and sulphide mineralization.

Questcorp Mining has commenced its maiden 1,500m drilling program at the La Union Gold & Silver Project in Sonora, Mexico, targeting CRD mineralization. Operated by Riverside Resources, the program focuses on four key areas with historical gold production. Questcorp’s initial C$1,000,000 exploration is part of a C$5,500,000 commitment. Historical sampling revealed high grades (e.g., 59.4 g/t gold, 833 g/t silver), suggesting potential for large-scale gold discoveries. The drilling aims to assess alteration and identify robust mineralized systems in previously mined areas.

Pacific Bay Minerals is raising up to $2 million through a non-brokered private placement of 20 million units to fund the acquisition and exploration of the Pereira-Velho Gold Project in Brazil. Additionally, the company is seeking to extend the expiry of 7.3 million warrants and has appointed Elton Pereira as country manager for Brazil.

Formation Metals is expanding its maiden drill program at the N2 Gold Project in Quebec to 7,500 meters. The program, starting in July, targets previously identified gold zones and aims to discover new mineralized trends across the advanced project, which holds a historical resource of approximately 870,000 ounces. The company also notes significant base metal potential at the N2 property.

Kenorland Minerals and Auranova Resources released significant assay results from their South Uchi Project, confirming a new gold system spanning five kilometers. 93% of drill holes intersected gold, with exceptional grades reported, including 14.60 g/t Au over 1.00 meter. Auranova has secured a 51% stake, and a follow-up drill program is planned for late summer.

Desert Gold Ventures Inc. (DAU) has signed an option agreement to acquire a 90% stake in the Tiegba Gold Project in Ivory Coast. The project, located in a promising gold belt with significant exploration potential, boasts a large land package, proximity to existing gold mines, and compelling gold-in-soil anomalies. Desert Gold plans to aggressively explore, aiming to define drill targets.

New Found Gold Corp. completed the second tranche of its “bought deal” offering, raising C$63.48 million. This final tranche, including the underwriters’ over-allotment option, generated C$21.4 million and involved Charity Flow-Through Common Shares and common shares. Funds will support exploration expenses at the Queensway Gold Project. Major shareholder Eric Sprott retained his stake. The offering, underwritten by firms including BMO, underscores strong investor confidence and is subject to regulatory approvals.

Eskay Mining Corp. is launching an aggressive June exploration campaign in British Columbia’s Golden Triangle, focusing on the high-grade gold veins at its Consolidated Eskay project. They aim to expand the Vermillion zone, where significant assays were discovered in 2024. CEO Mac Balkam highlights the project’s potential, citing its proximity to Newmont’s Brucejack Mine and aiming to refine a drilling strategy. Exploration will also target the Ted Morris and Big Red zones.