Business
Carmanah Minerals Issues Drill Tenders to Advance Heritage Gold-Silver Project
Toronto, Ontario--(Newsfile Corp. - September 25, 2025) - Carmanah Minerals Corp. (CSE: CARM) ("Carmanah" or the "Company") has issued a tender for drilling ser
About this update from Skull Ridge Gold Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - September 25, 2025) - Carmanah Minerals Corp. (CSE: CARM) (\"Carmanah\" or the \"Company\") has issued a tender for drilling services at its flagship Heritage Project, a 145 km² gold-silver asset on the Burin Peninsula, Newfoundland. The company is looking to commence drilling as soon as drill contractors are confirmed. Drilling will target up to 500 metres to expand and infill the known high-grade zones while supporting a new 43-101 resource calculation. CEO Commentary \"The company is looking to commence drilling as soon as drill contractors are confirmed. Our first phase is designed to expand the high-grade zones while collecting the data needed for a current NI 43-101 resource. Heritage has strong technical merits, offering significant potential for further discovery,\" said Fraser Rieche, CEO of Carmanah Minerals. The Heritage Project is situated within the Avalonian Epithermal Belt, a highly prospective yet largely overlooked gold-bearing region extending from Newfoundland to South Carolina. While this belt has proven potential through major deposits such as the Haile Gold Mine (3 Moz Au, South Carolina) and Newfoundland's past-producing Hope Brook Gold Mine (~752,000 oz Au), the Burin Peninsula remains vastly underexplored despite hosting a large epithermal gold-silver system with exceptional high-grade mineralization. Strategic Location with Infrastructure Advantages Proximity to two deep-water, ice-free ports enable cost-effective shipping and logistics. Year-round access via paved roads and nearby power infrastructure. Mining-friendly jurisdiction - Newfoundland ranks among the top mining investment destinations in Canada. A Vast, Underexplored Epithermal Gold-Silver District Project Highlights Historical resource - Eagle Zone: 76,074 oz gold equivalent; 1.08 million tonnes at 2.186 g/t AuEq (non-NI 43-101-compliant) Historical drill highlights: 32.30 m @ 1.89 g/t AuEq; 9.95 m @ 5.19 g/t AuEq; 6.55 m @ 4.73 g/t AuEq High silver and base metal credits: up to 3,381 oz/t Ag, 7.5% zinc, 3.05% lead Nearby projects: The Avalonian epithermal belt hosts major deposits such as the past-producing Hope Brook gold mine (~752,000 oz Au), highlighting the region's potential for world-class discoveries Heritage's 145 km² of contiguous claims contains 21 high-priority drill targets. While historica...