We have news: Atha Energy Corp. Completes Maiden Exploration Program at the Angilak Project; Identifies Multiple New Mineralized Trends and Expands Uranium Mineralization at Lac 50 HIGHLIGHTS: The Angilak Project is host to the Lac 50 Uranium Deposit (the “Lac 50 Trend”), one of the largest high-grade deposits outside of the Athabasca Basin, with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69% U3O8.¹ Drilling conducted by Latitude Uranium at the Angilak Project in 2023 intersected grades of up to 7.54 % U₃O₈ over 1.6 m. The 2024 Angilak Exploration Program has concluded after twenty-five diamond drill holes were completed between early June and late August for a total of ~10,051 m. The program was highly successful and on budget. All objectives were successfully achieved with the expansion of the historic footprint of mineralization along the Lac 50 Trend and the identification of new parallel mineralized trends called the Lac 48, Lac 52, and Lac 54 Trends. The Lac 48, Lac 50 (host to the historic Lac 50 Deposit), Lac 52, and Lac 54 Trends remain open in all directions with high prospectivity for further discovery and expansion of uranium mineralization. Additionally, untested areas between the newly identified trends are also prospective for discovery of new mineralized trends. Regional Exploration at Angilak: Thirteen holes were completed at prospective regional targets proximal to the Lac 50 Trend for a total of 5,167 m. • All holes discovered new lenses of uranium mineralization, expanded on previously discovered showings, or identified prospective structures. Three prospective trends – all parallel to the Lac 50 Trend – were tested: 1. Lac 48 Trend – located ~1 km to the southwest of the Western-Extension Zone at Lac 50. One hole was drilled during 2024 at the Blaze target and intersected high-grade mineralization with a peak of 10,642 cps at 94.9 m depth. The Lac 48 Trend consists of several parallel mineralized corridors with approximate strike lengths of 500 to 1,100 m 2. Lac 52 Trend – located ~750 m to the north of the Main Zone at Lac 50. A total of eight holes were drilled during 2024 along the 5.2 km long corridor within the Pulse and Mushroom Lake Target areas. Drilling along the Lac 52 Trend is highlighted by holes: • PL-DD-030: intersected high-grade mineralization between 262.4 and 262.7 m with a peak of 30,273.4 cps recorded via gamma probe. • ML-DD-009: intersected high-grade mineralization with a peak of 14,870.5 cps at 102.7 m depth. 3. Lac 54 Trend – located ~1.5 km to the north of the J4/Ray Zones. A total of four holes were drilled during 2024, all intersecting #uranium mineralization, extending the mineralized strike length to ~1.1 km. ¹ See the release for more information and important disclosures → https://lnkd.in/eYMtmPGT
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LAURION Achieves a Milestones in Exploration: NI 43-101 Technical Report Confirms Property of Merit Report on Ishkoday Property This Technical Report is LAURION's Maiden Report on the Ishkoday. The Ishkoday property spans a total of 57.43 km2. The current exploration focus covers an approximate 7.4 km2 area of the property. The key focus is on the Sturgeon River Mine area, where LAURION's aim is to expand the defined volume, and has set its sights on surpassing the historical estimates (stated below), guided by validation drilling and exploration methodologies. LAURION is looking forward to commencing the 2024 exploration campaign. Buoyed by the success of our 2023 drilling program, which saw the extension of the Sturgeon River Mineralization by 600 m to the northeast and 320 m to the southeast, and with grade intercepts as high as 29.45 g/t Au over 3.5 m, this area demonstrates excellent potential. Gibbs (1972) completed a report on the "ore reserves" remaining in the Sturgeon River Mine shaft. It was reported that there were 489,042 tonnes at an average of 9.60 g/t in 407,564 tonnes indicated by drilling and 81,479 tonnes of "probable ore" over a 2.78 m width. The surface stockpile from the historical operations was calculated at 144,070 tonnes grading 1.59 g/t gold for 7,383 contained ounces of gold in the Indicated category. The resource estimate for the tailings was 137,501 tonnes grading 1.67 g/t gold for 2,944 contained ounces of gold in the Indicated category. Total Indicated mineral resources for both the stockpile and tailings totaled 281,571 tonnes grading 1.14 g/t gold for 10,327 contained ounces of gold. The “ore reserves” and “probable ore” for the Sturgeon Rive Mine shaft and the surface stockpiles have NOT been included in the Technical Report, as the figures are historical in nature, and a qualified person has not completed sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and LAURION is not treating the historical estimate as current mineral resources or mineral reserves. LAURION's current drilling efforts remain focused on relatively shallow depths, reaching up to 250 metres vertical depth. The corporation has completed a total of 44,026 metres of core . The range and quality of the mineral deposits uncovered underscore the exploration potential of the project. The prospect of further untapped mineral resources on the site presents a particularly enticing opportunity for further exploration and development. LAURION retains a property-wide database comprising 428 diamond drill holes totalling 82,299 metres. 38,273 metres (274 holes) of the total 82,299 metres of drilling was completed by previous operators.
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We have news: Atha Energy Corp. Angilak 2024 Exploration Update: First Six Holes Successfully Expand Footprint of Uranium Mineralization With 100% Hit Rate Outside of Historic Resource HIGHLIGHTS: ❖ Angilak Project: The Angilak Project is host to the Lac 50 Uranium Deposit, which is one of the largest high-grade deposits outside of the Athabasca Basin, with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69% U3O8.¹ ❖ In 2023, drilling at Angilak by Latitude Uranium (acquired by ATHA) intersected grades of up to 7.54 % U₃O₈ over 1.6 m. ❖ The 2024 Angilak Exploration Program is part of the Company’s overall 2024 Exploration Program and consists of Phase I (diamond drilling) and Phase II (geophysics & ground geochemistry). ❖ A ~10,000 m diamond drilling program targeting expansion of uranium mineralization along the Lac 50 Trend, proximal to the historic deposit, began on June 3rd, 2024. ❖ As of the end of June, six holes have been drilled outside the historic Lac 50 Mineral Resource footprint and successfully intersected uranium mineralization, demonstrating the expansion potential at the Angilak Project ❖ These six holes represent the beginning of the 2024 Angilak Exploration Program, with more than 7,000 m of ongoing drilling remaining ❖ Drilling highlights: → All six holes successfully expanded the footprint of uranium mineralization at the Main Zone, Eastern Extension, and the J4 & Ray Zones, which represent the historic zone of mineralization at the Lac 50 Deposit → The six holes targeted parallel Tuff Horizons that were first identified by Latitude Uranium. At the Main Zone and the Ray Zone, shallow (<150 m depth) high-grade uranium mineralization was intersected within these newly defined Tuff Horizons. → These shallow, high-grade intersections provide evidence supporting the Company’s thesis that the Lac 50 Trend hosts a stacked lens system similar to basement-hosted uranium deposits in the Athabasca Basin, such as Cameco’s Eagle Point Mine. → Drill hole MZ-DD-175 successfully intersected uranium mineralization 80 m along strike to the west of the Main Zone at the Lac 50 Deposit, as well as intersecting four additional parallel Tuff Horizons. ¹ For important disclosures and the full contents of today's release, please see: https://lnkd.in/gqBxgQhz
Angilak Update: First Six Holes Successfully Expand Footprint of Uranium Mineralization With 100% Hit Rate Outside of Historic Resource
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NEWS RELEASE: Marimaca Announces 2024 Regional Exploration Strategy – Sierra de Medina Following a comprehensive review and reinterpretation of historical geological information, the Company’s regional priority for 2024 will be further exploration at the Sierra de Medina property block, located approximately 25km from the Marimaca Oxide Deposit. The Company believes that the property position has discovery potential in an emerging belt of large scale manto-type copper deposits in the Chilean Coastal Cordillera. Sierra de Medina, along with the Marimaca-type satellite discoveries made in 2021 including Mercedes, provide an organic exploration pipeline for Marimaca, which will be evaluated in parallel with the development of the Marimaca Oxide Deposit. Hayden Locke, President and CEO: “While the MOD continues to advance toward production in partnership with Mitsubishi and Ausenco, we are extremely excited about reigniting the exploration pipeline for Marimaca. Over the past 6 months, Sergio Rivera, VP Exploration, and his team have completed a comprehensive review of the historical data, and the resulting reinterpretation paints a compelling story for discovery potential, particularly at SdM." #MARI #mining #sustainability #copper https://lnkd.in/epanT35z
Marimaca Announces 2024 Regional Exploration Strategy – Sierra de Medina
globenewswire.com
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Unlocking the Potential of Rayfield: Golden Sky Minerals Corp's Premier Project in British Columbia AUEN.V is proud to present Rayfield, our flagship project in British Columbia that holds incredible promise in the world of mineral exploration. Located approximately 20 kilometers east of 70 Mile House, the Rayfield Property has become the focal point of our efforts. Project Overview: We have secured complete ownership of the Rayfield Property, with no underlying royalties, through staking and strategic property purchases. Strategic Location: The Rayfield Property is strategically situated in the Quesnel Trough, an area known for some of British Columbia's most productive copper-producing mines. Geological Significance: Below the property lies the Late Triassic alkalic Rayfield River Pluton, a critical geological feature speculated to be part of the highly prospective Late Triassic Copper Mountain Magmatic Belt. Exploration Progress: Golden Sky Minerals Corp. has made significant strides in advancing the Rayfield Property. Our extensive exploration programs have included geological mapping, soil/rock sampling, trenching, geophysics, and drilling. This work laid the foundation for our current efforts. Geochemical Discoveries: In 2021, we conducted a major soil sampling and prospecting program, successfully delineating a large copper-in-soil anomaly at the Rayfield zone. This discovery extends over 3.0 kilometers in length and up to 1.0 kilometer in width, with some soil samples assaying up to 4,000 ppm Cu. Rock Samples: Rock samples from 2021 showcased impressive assay consistency, with some samples yielding up to 0.45% Cu. Expansion: In 2022 and again in 2023, we expanded the property size through additional staking and options, increasing it to approximately 37,500 hectares. Future Prospects Golden Sky Minerals Corp. is poised to unlock the full potential of the Rayfield Property: Exploration Continues: Our commitment to exploration remains unwavering. We are planning a comprehensive diamond drill program in 2024, with the recent drilling permit approval by the British Columbia Mines Ministry. Data Compilation: We are meticulously compiling and interpreting historical data, enabling us to make informed decisions and target the most promising areas. Community Engagement: We prioritize strong relationships with local communities and aim to ensure that our exploration activities benefit all stakeholders. Golden Sky Minerals Corp. dedication to responsible, sustainable mining practices and our relentless pursuit of mineral exploration excellence set us apart in the industry. Stay tuned as we continue to expand and develop the Rayfield Project, opening new frontiers in mineral exploration. Together we explore for the future. #gold #copper #marketing #investing #canada #investments #markets #silver #metal #commodities #metals #mining #law #jobs Florian (aka Florzinho) Grummes Thomas Parilla Sary Schultz Pete Thomas Jack Ambler
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We have news: Atha Energy Corp. Commences 2024 Angilak Diamond Drilling Exploration Program ↓ Highlights ↓ ● The Angilak Project is host to the Lac 50 Uranium Deposit, which is one of the largest high-grade deposits outside of the Athabasca Basin, with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69% U₃O₈.¹ Drilling in 2023 by Latitude Uranium (acquired by ATHA) intersected grades of up to 7.54 % U₃O₈ over 1.6 m. ● 2024 Angilak Exploration Program is part of the Company’s overall 2024 Exploration Program and consists of Phase I (diamond drilling) and Phase II (geophysics & ground geochemistry). ● Phase I (diamond drilling): ▶ Base Diamond Drilling: equipment mobilization and site preparation has now been completed, including assembly of two X10 Diamond Drills. The new drills are capable of testing depths of 2,000 m and are projected to double meterage rates compared to drilling equipment utilized during the 2023 diamond drill program at Angilak (See April 30 news release). ▶ The ~10,000 metre diamond drilling program commenced on June 3rd, 2024 and targets expansion of uranium mineralization at four zones (See Figure 2 in today's release): ▪ Lac 50 Deposit: Targeting expansion along strike and at depth, as well as testing for the extension of stacked lenses of mineralization immediately adjacent to the main zones of mineralization comprising the historical mineral resource. ▪ Blaze: A zone of high-grade uranium mineralization located ~750 m to the southwest of the Lac 50 Deposit, where previous drilling intersected grades >4.0% U₃O₈ ▪ J4/Ray Zone: Lying ~1,800 m along strike to the east of the main Lac 50 Deposit, drilling at J4/Ray has intersected grades >10.0% U3O8 with extensive mineralization being discovered outside of the historic resource. ▪ Pulse: A zone of mineralization located ~600 m to the north of the main lac 50 deposit along a parallel conductor, where previous drilling has intersected grades >2.0% U₃O₈. ● During Phase I of the 2024 Angilak Exploration Program, the Company’s objective is a preliminary evaluation of the prospective envelop hosting high-grade uranium mineralization at the Lac 50 Deposit and adjacent zones. ● The Lac 50 Deposit and adjacent mineralized zones all remain open, with zones of extensive uranium mineralization having been intersected outside of the historic resource shells (Figure 2) during recent exploration programs. ● New diamond drills will allow the Company to test the depth extents of the Lac 50 Deposit and adjacent mineralized zones, where previous exploration programs were limited to a depth of ~475 m. ¹ See the original release for notes, important disclosures and more information → https://lnkd.in/eUia87Bm
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Drilling Successfully Verifies Historical Data & Confirms Exploration Potential at Lo Herma ISR Uranium Project. GTI Energy Ltd (ASX:GTR) Executive Director & CEO Bruce Lane: “We are very pleased that initial drilling has successfully verified the large body of historical data used to prepare the Lo Herma JORC inferred resource. In addition, the drilling confirmed exploration potential along trend in the Wasatch formation and at depth in the Fort Union formation. The program was completed on time & budget with the data generated to be used to refine follow-up drilling in 2024. The drilling in 2024 is expected to upgrade the category of portions of the mineral resource & ultimately support a preliminary economic assessment for the project.” GTI Energy Ltd (ASX:GTR) is pleased to advise that the initial drilling program has been completed at its 100% owned Lo Herma ISR #Uranium Project (Lo Herma), located in Wyoming’s prolific Powder River Basin (Figures 1 & 2). Twenty-six (26) drillholes were advanced, totalling 4,250m (14,000 ft), with operations finalised on 11 December 2023. -- Initial 26-hole drilling program completed on time & on budget at Lo Herma -- Results have successfully verified the historical Lo Herma drill hole database -- Exploration potential confirmed along trend in the Wasatch Formation and at depth in the Fort Union Formation -- New claims staked at Lo Herma show promising exploration potential in the deeper Fort Union Formation which Cameco produces from ~10 miles east. -- Planning in progress for expanded 2024 drill program targeting resource expansion, upgrade of current resource classification & hydrogeologic data collection This initial drill program successfully validated the historical data package, used in preparing the Mineral Resource Estimate (MRE) for Lo Herma, through comparative analysis of stratigraphy & mineralised intercepts from new drill holes collocated with historical drill holes. Additional drill hole locations tested extensions of known mineralised trends and informed on redox conditions across several host sands to help refine and develop an expanded drill program planned at Lo Herma for 2024. These exploration holes confirmed the previously interpreted exploration potential at Lo Herma. In addition, the Lo Herma land package was expanded through staking of 28 additional claims in December to cover extensions of interpreted trends as defined by the acquired historical data package. The historical data package includes several drill holes within the 28 new claims which contain mineralisation in a deeper Fort Union formation host sand. GTI is currently evaluating how the new claims and data impact the exploration target for the property and 2024 drill plans. Great work Bruce Lane, Nathan Lude, James (Jim) Baughman, Petar Tomasevic, Matthew Foy, Timothy Neesham #uraniumprice #u308 #ISRdrilling #asxnews https://lnkd.in/gKcyqmXP
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Lancaster Resources Acquires High-Impact Uranium Claims in Athabasca Basin Lancaster Resources Inc. (CSE:LCR) (OTCQB:LANRF) (FRA:6UF) Lancaster Resources, a North American critical minerals exploration company, is excited to announce the acquisition of two high-impact mineral claims in the world-class Athabasca Basin. The two claims are targeting high-grade uranium in basement and unconformity-type deposits. The two properties, called Catley Lake and Centennial East, at 3,036 hectares and 5,081 hectares respectively, provide significant exploration opportunities. These strategic acquisitions bolster Lancaster's commitment to discovering critical minerals in support of the energy transition. ✅ The Catley Lake & Centennial East mineral claims are located immediately adjacent to Cameco's Centennial deposit claim block in the south-central area of the Athabasca basin. The Centennial deposit, which is approximately 11km west of Lancaster's Centennial East claim, was the first significant high-concentration uranium deposit located along the Snowbird tectonic boundary. ✅ The Centennial deposit has shown assays up to 8.78% U 3 0 8 over 33.9m below the Athabasca sandstone and Virgin River unconformity from a Cameco drill. Concentrations of U 3 0 8 up to 25.6% were seen over 0.5m in a drillhole assay (SMDI-2758). ✅ Approximately 24km southwest of Lancaster's claims is the Cameco Dufferin deposit. Dufferin has shown assays, from drilling, up to 1.73% U 3 0 8 over 6.5m. The Dufferin deposit also shows numerous intervals of uranium mineralization within the sandstone and unconformity. ✅ Lancaster is planning to progress exploration on the claims with new, modern technologies, to identify favourable geology, structures, and corridors that could host high concentrations of uranium. "We are truly excited to embark on this strategic advancement of LCR to acquire, explore, and develop critical mineral opportunities," said Andrew Watson, VP Engineering and Operations of Lancaster Resources. "With the rapidly increasing demand for clean energy, storage, and electrification of our energy systems, adding a clean fuel source like Uranium to our exploration pipeline is an ideal step. These assets, in a world class deposit like the Athabasca basin, in underexplored areas, will allow us to leverage our technical team and partners modern exploration techniques to find and unlock the next high concentration unconformity type uranium deposit in Saskatchewan. Lancaster is continuing to build on our ability to develop and provide critical minerals with uranium to support our lithium projects." Congratulations Penny White and the team at Lancaster Resources Inc. CSE:LCR OTCQB: LANRF on this exciting acquisition #uranium #energyinvesting #investingnews #uraniumstocks https://lnkd.in/gvtzqGSK
Lancaster Resources Acquires High-Impact Uranium Claims in Athabasca Basin
investingnews.com
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Acquisition of 50% interest in Brazilian exploration portfolio set to be completed in early 2024. The four projects comprise of 10 exploration licenses, ~17,000 hectares. The projects include: 🔆 Three highly prospective rare earth elements (REE) licenses, two of which sit amongst Meteoric Resources NL (ASX: MEI) and Viridis Mining and Minerals Limited (ASX:VMM) REE projects at the REE-rich Poços de Caldas Alkaline Complex in south Minas Gerais; 🔆 Three lithium licenses in the “Lithium Valley”, north Minas Gerais, known to host significant lithium spodumene resources discovered by Latin Resources Limited (ASX: LRS), SIGMA Lithium Corporation (NASDAQ: SGML) and licenses recently acquired by Rio Tinto Limited (ASX: RIO) An exploration program in Brazil planned to commence in 2024 with an initial focus on the Caldera Project in south Minas Gerais. The exploration program in 2024 will also focus on the Lithium Valley projects targeting lithium in spodumene pegmatites and ionic adsorption clay (IAC) rare earth elements. Managing Director, Jim Malone commented, “The Board of Si6 is thrilled that our shareholders have approved the acquisition of the Brazil assets and the Company is excited to commence an exploration program initially at the highly prospective Caldera REE Project nearby significant REE discoveries recently made by Meteoric and Viridis. The Lithium Valley Project is also of equal interest to us as it is located amongst Tier 1 discoveries by Latin Resources and Sigma Lithium to name a few, close to S-Type G4 Supersuite granites that are typically known to host lithium in spodumene-bearing pegmatites. Our first program at the Caldera Project will commence with field reconnaissance, mapping and soil sampling to determine follow-up targets for future auger drilling. We look forward to updating the market as our exploration programs in Brazil commence.” Read the full ASX announcement: https://bit.ly/3vqB4dn #SI6 #lithium #REE #exploration #Brazil
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Latest news release.
Pan Global Resources Inc. (TSX.V: PGZ I OTCQX: PGZFF)) 2023 Achievements Set the Stage for a Milestone-Rich 2024 Exploration Program at the Escacena Project, southern Spain. Highlights of 2023 include - 2023 drilling expanded La Romana copper-tin-silver area of surface mineralization by more than 25% - 2024 drill plan focused on further expanding La Romana mineralization for a maiden mineral resource estimate - Results pending for nine completed drillholes at La Romana to be released in January - 2023 Escacena drill campaign resulted in a new copper-gold discovery at Cañada Honda with further drill results expected in January 2024 - 11-hole step-out drill program at Cañada Honda started in November resumes in January 2024 to test the potential to significantly expand the discovery - Growing pipeline of new geophysical targets at the Escacena Project The 2024 Plan will focus on the Company’s 100%-owned Escacena Project located in the Iberian Pyrite Belt in southern Spain, a prolific polymetallic volcanogenic massive sulphide (VMS) district and tier one mining jurisdiction. Get the full story in our release: http://bit.ly/48DRai1. #PanGlobalUpdates #MiningMilestones #EscacenaProject #CañadaHonda #LaRomana #copper
PAN GLOBAL 2023 ACHIEVEMENTS SET STAGE FOR MILESTONE-RICH 2024 EXPLORATION PROGRAM AT ESCACENA PROJECT, SOUTHERN SPAIN
panglobalresources.com
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*NEWS* -- KO Gold Inc. - (CSE: KOG) KO Gold Granted Exploration Permit Over Historic Carrick Goldfield in Otago Gold District and Commences Regional Exploration Programs. Highlights: *Carrick EP granted for a 5-year term over the historic Carrick Goldfield with immediate plans to drill several holes targeting high-angle lode-style gold mineralization and low-angle shear-hosted gold mineralization within the Carrick-Potter Shear Zone ("CPSZ"). *Exploration activities on the Carrick Range PP will take approximately six weeks to complete and includes geological mapping, prospecting and rock sampling, and an extensive soil and stream sediment sampling program over the 200 km2 permit area. This program is designed to identify potential drilling targets for an upcoming reverse circulation (RC) and diamond drilling program in the Carrick Goldfield. *Management has recently approved a C$3M exploration budget to complete regional exploration programs on its Carrick Range, Rough Ridge South, and Tokomairiro prospecting permits and in addition RC and diamond drilling programs on its Carrick, Hyde, Glenpark, and Smylers Gold exploration permits; once access agreements have been approved in a few weeks and a drilling contractor has been selected. The drilling programs for the Carrick, Smylers, Hyde, and Glenpark EP's are currently being designed. *The Company is working on obtaining access agreements to drill on both private and Department of Conservation (DOC) lands on its permits and this will include discussions with local Māori iwi groups on any potential land impacts. The exploration and drilling programs are managed and supported by RSC Consulting Ltd. ("RSC"), a highly experienced geological and mining consultant company based in Dunedin and with extensive knowledge of the Otago Gold District. *KO Gold is targeting the discovery of reef/shear-hosted gold lode mineralization within the historic Carrick Goldfield (Carrick EP) and to the south on the Carrick Range PP where modern exploration has been limited up until this point. The Carrick Gold Project is potentially similar to the nearby Santana Minerals Ltd. ("Santana") Rise & Shine ("RAS") gold deposit within the Rise & Shine Shear Zone ("RSSZ"). The RAS deposit is quickly advancing through the mining feasibility stage and contains a JORC Indicated Mineral Resource of 17.1 Mt at an average grade of 2.4 g/t Au for 1.3 Moz of contained gold and a JORC Inferred Mineral Resource of 13.7 Mt at an average grade of 2.1 g/t Au for 0.9 Moz of contained gold using a 0.5 g/t Au cutoff and open-pit mining scenario (source: Santana ASX announcement dated February 16, 2024). Link to full press release: https://lnkd.in/drKP5gdJ
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2wGreat news.