AuMEGA Metals’ Post

Trigon Metals Hits High-Grade Copper-Silver at Namibia’s Kombat Mine Trigon Metals (TSXV: TM) has reported significant new high-grade copper and silver mineralization from its ongoing drilling at the Kombat copper-silver mine in north-central Namibia. The drilling program, targeting resource upgrades near past producing areas, has yielded promising results, boosting the company’s stock. Notable drill results include: These drill holes are part of a 3,500-metre resource upgrade program, conducted at a depth of 105 metres on level 3 of Shaft 1. The drilling targeted areas to the northeast and southwest of previous intercepts, confirming the presence of high-grade mineralization adjacent…Read More Here https://lnkd.in/d9uVnvEr

KO Gold - Press Release Link to the full press release: https://bit.ly/3VJdVOa Toronto, Ontario--(Newsfile Corp. - June 17, 2024) - KO Gold Inc. (CSE: KOG) ("KO Gold" or the "Company") is pleased to announce its drilling plans in the Otago Gold District in New Zealand. The Company plans to initially complete reverse circulation (RC) and diamond drill holes on its Carrick, Hyde, Smylers, and Glenpark exploration permits (EP) over the next few months. This drilling program will focus on: (1) the discovery of high-grade mineralized shear zones or lode gold within the Carrick Goldfield, located southwest of Santana Minerals' Bendigo-Ophir Gold Project within the Rise & Shine Shear Zone ("RSSZ"), and (2) testing the extensions of the Hyde-Macraes Shear Zone ("HMSZ") adjacent to OceanaGold's active Macraes Gold Mine (Figure 1). Highlights Up to 18 drill holes are planned on the Carrick EP within the Carrick Goldfield targeting high-angle, lode-style gold mineralization and low-angle, shear-hosted gold mineralization within the Carrick-Potter Shear Zone (CPSZ) (Figure 2). Historical drilling intercepted several mineralized intercepts grading between 1 to 4 g/t Au over 3 to 17 m including higher grade intervals of 7.4 g/t Au and 14.5 g/t Au over 2 m. KO Gold will test extensions to gold mineralization in the Lower Carrick, Upper Carrick, and Potters targets through step-out drilling (Figure 3). Drill holes are located on both private and Department of Conservation (DOC) lands and will require access agreements prior to drilling. The Company has submitted a minimum impact activity (MIA) application to DOC for surface exploration work at Carrick and is working on an access agreement. Up to 13 drill holes are planned on the Smylers Gold EP adjacent to the Macraes mining permit (MP) to test for southeast extensions of the HMSZ and confirming the presence of significant gold mineralization. This drilling program is a continuation of KO Gold's successful 26-hole drilling program completed in 2021 that intersected high-grade gold mineralization at the Kensington and Williams prospects. Drilling will occur on private land and access agreements are already in place to commence drilling. Up to 4 drill holes are planned on the Hyde EP adjacent to the Macraes MP to test for northwest extensions of the HMSZ. Historical drilling at Hyde mainly targeted alluvial gold whereas KO Gold plans to target hard rock schist basement along the inferred HMSZ up to 100 m in depth. Drilling will occur on private land at Hyde and access agreements are in the process of being finalized to commence drilling as soon as possible.

Spring Drill Program Announcement! Onyx Gold Corp. has officially launched its 2024 Spring Drill Program at the Munro-Croesus Gold Project in Timmins, Ontario. The program, announced by CEO Brock Colterjohn, marks a significant step forward for the company's exploration efforts in one of Canada's premier gold mining jurisdictions. With a focus on high-grade targets, particularly the GM Vein, Onyx Gold aims to expand known mineralization and identify new gold-rich zones within the project area. Key highlights of the Spring Drill Program include: -A budget of $800k allocated for 3,000 meters of diamond drilling, with one drill rig mobilized to site. -Approximately 50% of the drill meterage dedicated to expanding the high-grade GM Vein discovered in the 2023 Fall Drill Program, with the remaining meterage focused on the bulk-tonnage-style Argus Zone. -The company's strong financial position, with over $4.2M in cash and marketable securities, ensuring the successful completion of the program. CEO Brock Colterjohn expresses enthusiasm for the program, emphasizing its potential to uncover additional bonanza-grade gold mineralization. The Spring Drill Program comes at an opportune time, with a current uptick in gold prices and renewed interest in gold equities. Thank you to our shareholders for their continued support. Stay tuned for ongoing updates and assay results as Onyx Gold continues its exploration endeavors at the Munro-Croesus Gold Project. Read more in the official new release here: https://lnkd.in/gU_zT_pY #OnyxGold #GoldExploration #TimminsGold #Ontario #Mining #Gold

#ASXNews Turnberry Mineral Resource Upgrade Meeka Metals Limited is pleased to report a 26% increase in Indicated Mineral Resource at Turnberry, which has grown to 290,000oz Au. The Turnberry Mineral Resource now stands at 10.7Mt @ 2.0g/t Au for 690,000oz. • 26% increase in Indicated Mineral Resource at Turnberry to 290,000oz Au following the shallow open pit infill drilling completed up to December 2023. • 85% of the open pit constrained Mineral Resource is now in the Indicated classification. • Total Turnberry Mineral Resource remain consistent with the January 2023 update at 690,000oz @ 2.0g/t Au. • Turnberry has no prior mining depletion and averages ~1,600oz per vertical metre from surface to a depth of 200m where the density of drilling reduces. • The deposit has a strike length of 1.7km and remains open to the north, south and at depth. • The total Mineral Resource at the Murchison #Gold Project (MEK 100%) has increased to 1.24 million ounces @ 3.0 g/t Au (57% Measured and Indicated). • A Mineral Resource update for Andy Well (last updated in 2017) will be released in the June 2024 quarter. Commenting on this upgrade, #MEK’s Managing Director Tim Davidson said: “The infill drilling completed over the preceding 12 months and consequently this resource upgrade has delivered the desired outcome. The Turnberry open pit is now 85% Indicated and overall the Murchison is 57% Measured and Indicated.” See the full announcement: https://loom.ly/1fjlKZ0 #MeekaMetals #MiningNews #ASX

Ramelius Resources today released its full Quarterly Activities Report for the September 2024 Quarter. HIGHLIGHTS o No Lost Time Injuries (LTI) recorded during the Quarter, with the Group not recording an LTI since May 2023 o Quarterly Group gold production of 62,444 ounces at an AISC of A$1,965/oz, which includes $376/oz (non-cash component) for the draw down of existing stockpiles at Edna May. Excluding the non-cash component, results in an AISC of A$1,589/oz o Ore mining commenced ahead of schedule at Cue with 35,359 tonnes at 10.2g/t for 11,574 ounces of high-grade currently stockpiled at site with ore haulage planned to commence in early November 2024 o Full Year Guidance remains at 270,000 – 300,000oz at an AISC of A$1,500 – 1,700/oz with Mt Magnet production weighted to the second half when the high-grade Cue and Penny ore is processed o Cash & gold of A$438.6M (June 2024 Qtr: A$446.6M), with operating cash flow of A$111.2M and underlying free cash flow of A$89.6M. In July 2024, the Company also invested A$97.6M in Spartan Resources shares, increasing ownership to 18.35% o New open pit Production Target1 at Eridanus of 12 – 16Mt at 1.2 – 1.6g/t for 575 – 775koz o Optimal size for Mt Magnet mill expansion now firming as 3Mtpa, following a study evaluating 2.5Mtpa up to 4Mtpa. Updated Mineral Resource for Eridanus and mill expansion Study outcomes planned for December 2024. Targeted study outcomes: - Increased throughput, increased gold production - Maintaining recoveries at current levels or better - Reduction in operating cost per tonne - Lower overall AISC for the Mt Magnet mine plan o The integrated Rebecca-Roe PFS is on track for delivery in December 2024 o New revolving corporate facility in place for A$175M (undrawn) over a four-year term o Exploration drilling highlights for the Quarter include: - Eridanus (Mt Magnet) ➢ 18.0m at 9.53g/t Au from 42m ➢ 2.2m at 32.4g/t Au from 508.2m ➢ 17.0m at 6.33g/t Au from 206m ➢ 17.0m at 12.2g/t Au from 224m ➢ 12.1m at 11.0g/t Au from 636m ➢ 4.6m at 48.3g/t Au from 67.5m - Lena (Cue) ➢ 2.6m at 18.7g/t Au from 191m - Crescent-Kopai (Rebecca-Roe Project) ➢ 15m at 5.50g/t Au from 160m For full details on today’s ASX Releases, please click here https://lnkd.in/gDxXrMJG Mark Zeptner & Darren Millman this morning held an investor conference call to discuss the Quarterly Report. The recording of the call will be available on the Company’s website later today, via https://lnkd.in/dMtnQA63

#ASXNews St Anne’s Mineral Resource Update Meeka Metals Limited is pleased to report a 60% increase in the St Anne’s Mineral Resource to 0.4Mt @ 3.1g/t Au for 40k ounces. •The open pit constrained grade of 3.1g/t Au increased 11% following the inclusion of shallow infill #drilling reported in the March 2024 quarter. •100% of the Mineral Resource is Indicated and is based on ~39,000m of drilling up to 1 April 2024. •St Anne’s is a shallow, high-grade deposit with no prior mining and remains open at depth with an interpreted southerly plunge. •The total Mineral Resource at the Murchison #Gold Project (MEK 100%) has increased to 1.23 million ounces @ 3.0 g/t Au. •Mineral Resource upgrades for Turnberry and Andy Well (last updated in 2017) will be released in the June 2024 quarter. •Murchison Gold Project development documentation was submitted in December 2023 with approvals expected in the June 2024 quarter. •The Murchison Gold Project Definitive Feasibility Study (DFS) is focussing on restarting the fully permitted Andy Well mill. The DFS is expected to require significantly less time and capital to restart operations in a high-gold price environment while allowing for future expansion. •Secured debt funding for the Murchison Gold Project is also progressing well and an update will be provided in the June 2024 quarter. Commenting on this update, #MEK’s Managing Director Tim Davidson said: “This resource update captures the strong infill drilling results from St Anne’s reported in the March 2024 quarter. It confirms the up-dip position and continuity of gold in the shallow oxide zone. It also shows an improved grade in the open pit Mineral Resource and provides immediate input into the DFS. The open pit constrained resource is 100% Indicated and available for inclusion in an updated Ore Reserve, further supporting the development ready status of the Murchison Gold Project”. See full announcement: https://bit.ly/3VWpcuZ #MeekaMetals #MiningNews #ASX

Toronto, Ontario–(Newsfile Corp. – August 14, 2024) – Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) (“Denarius Metals” or “the Company”) announced today that it has filed its unaudited interim condensed consolidated financial statements and accompanying management’s discussion and analysis (MD&A) for the three and six months ended June 30, 2024. Denarius Metals is an emerging metals producer with two mines, Zancudo in Colombia and Aguablanca in Spain, advancing toward the start of production within the next 6 to 12 months. In March 2024, the Company graduated its listing to Cboe Canada, followed by a change of its trading symbol to “DMET”. The Company continues to trade on the OTCQX in the United States under the symbol “DNRSF”. Construction and development activities at the Zancudo Project are progressing well while the Company waits for the approval of its Environmental Impact Study (“EIS”) that will enable it to commence mining operations. Drilling on the second target, Las Brisas, is commencing in August and should be completed in the fourth quarter of 2024. The results from the 2024 drilling program will serve as a guide for mine development and offer the potential for additional resource growth and extension of the mine’s life. The acquisition of a 50% interest in Rio Narcea Recursos, S.L. (“RNR”) in late 2023 is an important catalyst to build the Company’s presence in Spain and to accelerate its creation of a long-life polymetallic producer leveraging the synergies between the Aguablanca and Lomero Projects. RNR’s two primary assets include a 5,000 tpd processing plant (the “RNR Plant”) and the Aguablanca underground mine, one of the only mines in Spain able to produce both nickel and copper. In April 2024, Denarius Metals announced the results of a Pre-Feasibility Study (the “Aguablanca PFS”) which supports the economic viability of the Aguablanca Project. Using 50% of the RNR Plant’s capacity, the Aguablanca PFS envisions a six-year mine life generating 43.2 million pounds of payable nickel and 34.6 million pounds of payable copper resulting in LOM net revenue of $480 million through the sale of approximately 406,359 tonnes of nickel-copper concentrates with an AISC of $4.04 per pound of payable nickel on a by-product credit basis. At long-term nickel and copper prices of $7.30 per pound and $3.50 per pound, respectively, the Aguablanca PFS generates solid returns with undiscounted after-tax project cash flow on a 100% basis of $105.7 million. The Company is now in the process of preparing a preliminary economic assessment (“PEA”) for its Lomero Project. Denarius Metals has continued its efforts in a challenging market this year to improve its liquidity to fund the investments required to advance its projects and to bring the Zancudo and Aguablanca mines into operation. Full Press Release: https://lnkd.in/djCBEf9h

Dart Mining NL (ASX:DTM) has received initial results from the Phase 2 diamond drilling within the company’s 100% owned Rushworth Gold tenement package. The first results from the Phase 2 diamond drilling program at Star of the West and Henry Horne prospects have been received, with 799m of the planned 1,630m of diamond drilling has been completed to date. Results of additional sampling of GHDD002, following detailed project interpretation of the Growlers Hill Phase 1 program, have also been received. Drilling has confirmed the Company’s Mineral Systems Model of the Rushworth Goldfield, with sulphide mineralisation presenting as key identifier for potential high-grade structures. HIGHLIGHTS INCLUDE: • SWDD004 intersected several zones of sulphide mineralisation surrounding large structures o 0.24m @ 8.8g/t Au, from 56.2m downhole, intersection from within a broad zone of sulphide mineralisation returning 7.1m @ 0.75g/t Au from 50.8m. o 3.6m @ 0.44g/t Au, from 161.8m, of sulphide mineralisation including pyrite, cubic pyrrhotite and acicular arsenopyrite which includes two higher grade sections of 0.2m @ 2.87g/t Au and 0.3m @ 1.45g/t Au • GHDD002 additional sampling has been returned, post project interpretation o 0.55m @ 7.48g/t Au from 23.1m downhole. o Interpretation has highlighted potential for multiple stacked, plunging reefs • Further assay results are expected over coming weeks. Full ASX Release here: https://bit.ly/4bXvVJr

Building on strong results in April, Orion Minerals Ltd (ASX:ORN, JSE:ORN) has received more ‘exceptional’ assay results from ongoing diamond drilling at the Flat Mine East section of its Okiep Copper Project (OCP) in the Northern Cape, South Africa. Headline results include 9.27 metres at 3.01% copper and 15 metres at 4.80% within a broader 78-metre interval averaging 1.57%, 50 metres along strike from the previously reported hole; 49.35 metres at 5.05% copper, including 21.66 metres at 9.41%; and 50 metres at 1.09% copper, including 18 metres at 1.44% within a broader 116.90-metre interval averaging 0.75%. These results confirm historical data from drilling by Goldfields of South Africa in the 1990s and support the geological interpretations incorporated in the mineral resource modelling for the Okiep Project. More at #Proactive #ProactiveInvestors #ASX #ORN #Copper #Mining #BaseMetals http://ow.ly/LfY2105xReP

Helix Resources Limited (ASX:HLX) is mobilising a drill rig to a large #copper anomaly at the Bijoux prospect, part of HLX’s package of Western Group Tenements within the Cobar mining region of central New South Wales. Recent auger geochemical sampling results of more than 500 parts per million (ppm) copper enhanced the prospectivity of the anomaly at Bijoux, leading the company to investigate the 400-metre-long zone with further drilling. HLX previously generated results up to 2 metres at 5.76 copper and 10 metres at 1.48% copper at Bijoux, offering potential for mineralisation similar to the CSA deposit, which held mine reserve of 7.9 million tonnes at 4% copper and 16.1% silver as of December 2022. The company is currently mapping out a reverse circulation (RC) drilling program for Bijoux, which will begin late this month. More at #Proactive #ProactiveInvestors #CopperMining #MiningAustralia #ASX #HLX http://ow.ly/BIT5105IOFf