Minnova has released a Preliminary Economic Assessment (PEA) for its PL gold mine in Manitoba, outlining a $53.4 million restart plan targeting 2028 production. The study projects an 111% IRR and an annual production of 62,200 oz gold over 10 years, leveraging existing infrastructure and an initial open-pit mining phase.
Minnova Corp. announced a positive Preliminary Economic Assessment (PEA) for the restart of its PL Gold Mine, projecting an after-tax NPV5% of US$180.6 million and an IRR of 111% at a base case gold price of US$3,000/oz. The study highlights low pre-production capital of US$53.4 million, a rapid payback of 0.68 years, and a 10-year mine life producing 621.5 thousand ounces of gold. The PEA is based on a 2026 Mineral Resource Estimate that includes high-grade Measured and Indicated resources.
Minnova announced a positive Preliminary Economic Assessment (PEA) for its PL Gold Mine restart, projecting an after-tax NPV5% of US$181 million and an IRR of 111% at a base case gold price of US$3,000/oz. The study highlights low pre-production capital of US$53.4 million, a short 0.68-year payback, and estimated production of 621.5 thousand ounces of gold over a 10-year mine life. The PEA is based on a combined open-pit and underground operation, utilizing existing mill and site infrastructure, and incorporates the 2026 Mineral Resource Estimate.
NiCAN Limited announced drill results from its Pipy South Property in Manitoba, confirming the Horseshoe Gold Zone extends over 400 meters in strike length with broad, near-surface gold mineralization. The program also identified larger, geologically similar structures to the south, pointing to significant exploration upside. While most new intercepts show moderate to weak gold grades, a high-grade sub-interval of 8.01 g/t Au over 2.0 meters was reported, and the company plans further drilling to test extensions and new targets.
NiCAN Limited announced complete assay results from a 16-hole diamond drill program at its Pipy South Property, confirming the Horseshoe Gold Zone extends over 400 metres in strike length and remains open in all directions. The program intersected broad, near-surface gold mineralization, including a high-grade intercept of 8.01 g/t Au over 2.0 metres. Geological work also identified larger, geologically similar structures to the south, indicating significant exploration potential.
NiCAN Limited announced complete assay results from a 16-hole diamond drill program at its Pipy South Property in Manitoba, confirming the Horseshoe Gold Zone extends over 400 metres in strike length and remains open in all directions. The program intersected broad, near-surface gold mineralization, with highlights including 8.01 g/t gold over 2.0 metres within a 30.0-metre interval of 0.90 g/t gold. Geological work also identified potentially larger, geologically similar structures to the south, indicating significant exploration upside.
NiCAN Limited announced drill results from its Pipy South Property in Manitoba, confirming the Horseshoe Gold Zone extends over 400 metres in strike length and remains open in all directions. The program intersected broad, near-surface gold mineralization, with highlights including 8.01 g/t Au over 2.0 metres and 1.05 g/t Au over 28.3 metres. The company also identified potential for significantly larger, geologically similar structures to the south, which will guide future exploration.
1911 Gold has released new drill results from its True North gold project in Manitoba, featuring high-grade intercepts including 32.40 g/t gold over 1.10 metres. The drilling was part of an underground resource expansion program targeting the 710-711 and 007 zones.
1911 Gold announced high-grade gold drill results from its True North Gold Project in Manitoba, Canada, targeting resource expansion at the 710-711 and 007 zones. Highlights include 7.55 g/t Au over 5.00 m (including 32.90 g/t Au over 0.50 m) and 21.20 g/t Au over 0.60 m. These results confirm extensions of gold mineralization outside the current Mineral Resource Estimate and will be incorporated into an updated resource estimate expected in Q4/2026.
1911 Gold Corporation announced high-grade gold assay results from its underground resource expansion drill program at the True North Gold Project in Manitoba, Canada. The drilling successfully extended gold mineralization in the 710-711 and 007 zones, with highlights including 32.90 g/t Au over 0.50 m and 7.55 g/t Au over 5.00 m. These results will be incorporated into an updated Mineral Resource Estimate expected in Q4/2026.
