Argonaut’s Post

QC Copper & Gold. (TSX-V: QCCU.V) Inc. (OTCQB:QCCUF) told investors it has commenced a drill program on the historically significant Cooke and Robitaille Mines. The mines, integral components of Falconbridge's Opemiska Copper Mine Complex, are less than a kilometre from the recently unveiled open pit resource on Opemiska in Quebec's Chapais-Chibougamau District. It will be the first time the company has conducted systemic drilling at the two mines, presenting a "promising opportunity" to define additional 'Opemiska Style' near-surface mineralization, QC Copper said in a statement. The company said the primary objective of the drill program is to assess preliminary targets as it finalizes planning and permitting for its comprehensive 2024 drill program. More at #Proactive #ProactiveInvestors #TSXV #OTCQB #QCCU #QCCUF http://ow.ly/U9an105943o

#ASXNews LEFROY BUILDS NEAR-SURFACE GOLD RESOURCES AT MT MARTIN Lefroy Exploration Ltd is pleased to provide an update to the Resource Estimate (MRE) for the Mt Martin deposit located in the Location 45 freehold property within the Eastern Goldfields of Western Australia. • Lefroy has focused on growth in the near-surface (200m depth) #gold resource base at its 100% owned Mt Martin Project. • This has resulted in the delineation of 9.25Mt @ 1.47g/t for 439,000 contained ounces, which represents a 13% increase in near-surface ounces (compared to the Alacer 2013 estimate) when applying a 200m depth cut-off to both models. • Near-surface resource growth has been underpinned by the incorporation of an additional 29 drill holes within both the Main Shear and East Shear at Mt Martin, with numerous significant intersections including: o 21.24m @ 4.32 g/t Au from 29.76m (Main Shear) in MUG49 o 33.15m @ 3.82 g/t Au from 0m (underground in Main Shear) in MUG33 o 3.65m @ 7.21 g/t Au from 73.46m (East Shear) in MM75 o 8m @ 3.98 g/t Au from 38m (East Shear) in LEFR395 o 35m @ 1.78 g/t Au from 209m (Main Shear) in LEFR379 • Multiple corridors have been identified for further growth with mineralisation open along strike and down plunge. • Resource growth is targeted for the Main, East and Adelaide Shear corridors. #LEX CEO Graeme Gribbin, commented: “We are very pleased to provide an update on the Mt Martin resource, further demonstrating the Company’s strong base of near-surface gold resources within the Lefroy Project. “Located within the freehold property of Location 45, which affords a streamlined pathway to ultimate commercialization, the Mt Martin resource is well located within the Kalgoorlie-Kambalda district, strategically placed adjacent to existing haulage and gold processing infrastructure. “We are most encouraged by the increase in our near-surface resource ounces at Mt Martin and believe that with future near surface programs targeting the Main, East and Adelaide Shear down-plunge to the north, there is a pathway to grow the resource even further. “Coupled with our recent MRE update announcement where we demonstrated the shallow high-grade potential of the Burns Central Au deposit, the Company will now embark on exploration activities across the broader Lefroy Project to unlock further value in the region.” See the full announcement: https://loom.ly/AOb_RN8 #LefroyExploration #ASX #MiningNews

Abcourt Mines Inc. (ABI-V) Abcourt intersects up to 10.4 g/t Au over 12 m in channel on the new stripping carried out in the Cartwright Area of the Flordin Project, Abitibi On October 24, 2024, Abcourt Mines Inc. reported channel sampling results from a second phase of stripping conducted in September-October 2024 on the Flordin Project. The Flordin Project is located ~25km to the north of Lebel-sur-Quévillon, in the Québec Abitibi to the NNE of Val d’Or. It consists of 25 cells covering 976 ha., 100% owned by Abcourt. The Phase 2 of work has made it possible to link together stripping’s No. 2 and 3 of phase 1 conducted in the summer of 2024 with the former Cambior stripping carried out at the end of the 80s. The newest significant intersection is from channel 11, which graded up to 10.4 g/t Au over 12m (including 29 g/t Au over 4m). Up to 7 new channels, spaced 10 to 15 metres apart, ~16 to 20 m long, were added to a stripping of 200m long by 20m wide. The new stripping phase now exposes the mineralized zones over a length of ~200m and allows to link gold zones together. The three historic zones were recognized in the important stripping area, namely the zones: Little Joe , Horse and Adam. This recent work undertaken by Abcourt allows them to postulate that the South Zone, discovered by Cambior in 1988, could continue beyond the Flordin deposit and could be continuous to the Cartwright deposit, for >2 km. Drilling is planned in the area to validate this hypothesis. Pascal Hamelin, President and CEO commented: “The addition of the information from this phase allows us to confirm the historical zones and validate the continuity and repeatability of the high gold grades of the Horse Zone. Furthermore, the new channels confirm the connection between the mineralized zones over thicknesses exceeding 10 metres, and continuous over 200 metres in strike length. Finally, they highlight a new fourth zone further south to be confirmed by drilling”. See end of: https://lnkd.in/e4hmsAj8 https://lnkd.in/ehMtb5Mf #quebec #abitibi #flordin #gold

We've identified new copper targets at our Musgrave Ni-Cu-Co-PGE Project in South Australia by re-analysing historical drill samples. Two areas, Mt Harcus and Mt Caroline, have shown prospectivity for copper mineralisation, with copper values of up to 1.06% Cu detected at Mt Harcus. The Musgrave Project also holds the Pink Slipper target, which is under an earn-in agreement and joint venture with Rio Tinto Exploration, with drilling plans underway. We hold the largest collection of Proterozoic Musgrave Province material in South Australia, and we have completed 4,500 pXRF analyses, accounting for approximately 30% of the samples held. We've also applied for Retention Status on two of our tenements to make administration easier on Anangu Pitjantjatjara Yankunytjatjara (APY) Lands. Read the full ASX Announcement here: https://lnkd.in/gnz5WcqE #PNN #PowerMinerals #ASX #ASXNews #copper #exploration #miningnews #SouthAustralia #Rio

Our acquisition of the Endeavor Silver Lead Zinc Mine is now complete. 🗝 Polymetals (ASX: POL) takes 100% ownership of the Endeavor Silver, Lead and Zinc underground Mine, 1,100km2 of tenements, a 1.2Mtpa processing plant and significant supporting infrastructure. 🗝 Surface and underground refurbishment works will now commence, on track to deliver first concentrate production during H1 2025. Polymetals Chairman David Sproule said: "We can now get on with what the Company has done best for many years, namely the cost-efficient development, management and operation of mines within Australia and particularly within the very familiar and fertile polymetallic Cobar Basin. "The Endeavor Mine remains with an outstanding endowment of JORC Resources (16.3Mt @ 8% Zn, 4.5% Pb & 84g/t Ag) and compelling exploration potential likely to extend the initial 10-year mine life.” #POL #silver #zinc #Endeavor #Cobar #Acquisition

Xanadu Mines Ltd #exploration team recently encountered high-grade shallow mineralisation warranting near term follow-up, at the 100% owned Red Mountain #copper #gold project. A highlight of the discovery-focused program was maiden #drilling (comprising three diamond drill holes) at Nowie, which uncovered intervals of high-grade copper sulphide lode mineralisation: • 8m @ 1% Cu, 0.12g/t Au from 267m (OUDDH134) • 14m @ 0.75% Cu, 0.26g/t Au from 113m (OUDDH136) Interestingly, OUDDH134 also encountered a much broader interval of outcropping copper-gold porphyry stockwork mineralisation: • 120m @ 0.14%, 0.12g/t Au from 1m, • including 45m @ 0.27% Cu, 0.15g/t Au from 139m Encouragingly, these results demonstrate both the grade and scale opportunities that lie ahead for Nowie. Learn more: https://loom.ly/A18ZfL8 #XAM #XanaduMines #TSX #ASX #Mongolia

#ASXNews Stelar Metals is pleased to provide an update for the three months ending 30 June 2024. #SLB recommenced mapping and surfacing sampling exploration activities at the Baratta Copper Project in South Australia, which is highly prospective for sediment-hosted copper mineralisation akin to the Central African Copperbelt. • Geological mapping and surface sampling recommenced at Baratta to test multiple historically identified #copper anomalies. • Copper identified in soil samples along strike-extensive gossans, with pXRF results up to 2% copper. • 77 rock chip samples submitted for multi-element laboratory analysis along a 3.4km striking portion of the gossan. Colin Skidmore, CEO commented: “This has been a defining quarter for Stelar, with the Company refocusing on our copper asset in South Australia. “Our systematic exploration activities at Baratta have revealed significant potential for sediment-hosted copper mineralisation.” View the full report: https://loom.ly/Lu87D6k #StelarMetals #MiningNews #ASX

Burgundy Diamond Mines (#ASX:$BDM,OTC Pink:BDMMF) has paused plans for further development at the Ekati #diamondmine, saying #diamondprices have fallen at least 20 percent since it acquired the project. #diamondstocks #ASXstocks #resource #investing https://bit.ly/3BmfbyV

Burgundy Diamond Mines (#ASX:$BDM,OTC Pink:BDMMF) has paused plans for further development at the Ekati #diamondmine, saying #diamondprices have fallen at least 20 percent since it acquired the project. #diamondstocks #ASXstocks #resource #investing https://bit.ly/3BmfbyV

#ASXNews Stelar Metals is pleased to announce it has applied to the South Australian Department of Energy and Mines for a new #exploration licence on the Stuart Shelf to expand its Gunson #Copper Project. The new application, named ‘Woodforde’, extends over 597km2 and abuts BHP’s Carrapateena / Khamsin / Fremantle Doctor tenure to the north. The new ELA’s western boundary is ~7 kilometres east of Stelar’s Gunson East Project (EL 6812) and outside of the Lake Torrens National Park. #SLB believes the application area is prospective for Sediment-hosted Stratabound #Copper (SSC) within the Adelaidean sediments with the added potential for Olympic Dam-style IOCG mineralisation at depth within the basement. ➖New large-scale exploration licence application lodged in Australia’s Tier 1 copper mining province adjacent to BHP’s Carrapateena Copper Mine. ➖New application extends over 597 km2 of the Stuart Shelf, the geological province - that hosts #BHP’s Olympic Dam, Prominent Hill and Carrapateena Copper Mines. ➖Stelar considers the new application prospective for sediment-hosted copper in the Adelaidean Fold Belt sediments and deeper IOCG potential. VIEW the full announcement: https://loom.ly/riXsH5E #MiningAustralia #StelarMetals #Copper #CopperNews