Visionary Copper has received two exploration work permits from the Province of Manitoba for its Pine Bay VMS project. These permits authorize drilling and geophysical work at the Rainbow deposit through December 2028.
Visionary Copper and Gold Mines Inc. has received two exploration work permits from the Province of Manitoba for its Pine Bay and Alberts Lake properties, valid through December 31, 2028. These permits authorize surface diamond drilling, line cutting, geophysics, and trail clearing, allowing the company to advance planned exploration at its high-grade copper and gold project. The company also highlighted its existing Rainbow deposit resource and ongoing efforts to secure an Advanced Exploration Permit for potential early production.
Visionary Copper and Gold Mines has received two exploration work permits from the Province of Manitoba for its Pine Bay Project, valid until the end of 2028. The permits authorize diamond drilling, geophysics, and line cutting at the Rainbow and Alberts Lake properties. The company is also awaiting an Advanced Exploration Permit (AEP) to support potential early production via a bulk sample.
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.
