Couloir Capital’s Post

Coverage via TipRanks Greenwing Resources reports promising results from their #San #Jorge #Project. 💎 Greenwing has completed the fourth hole (SJDD04) on the western periphery of the San Jorge Lithium project to a depth of 400 m, with drilling of SJDD05 underway. 💎 Assay results from 12-288m in SJDD04 average 191 mg/l Lithium and 5,399 mg/l potassium in brine in gravels and volcanic sediments, with a maximum value of 230 mg/l Li at 288 m. 💎 Holes SJDD01 to SJDD03 have returned initial highly encouraging specific yield porosities of up to 30%. Downhole geophysical logging is continuing with further detailed results due shortly.

Terra Balcanica Resources Corp. (CSE: TERA; FRA: UB1) has provided an update on the Phase I and II exploration drilling within its principal 168km2 Viogor-Zanik project in Bosnia-Herzegovina. The Company completed approximately 2,200m of drilling along a shallow, high-grade, silver-dominated, intermediate sulfidation polymetallic Ag-Au-Pb-Zn-Sb vein system at the locality known as Chumavichi. #TerraBalcanica #ViogorZanik #MineralExploration #CriticalMinerals Click the link below to discover more ⬇ https://bit.ly/3Xursuj

We've accelerated our drilling campaign at the Jungle Dam uranium prospect on South Australia's Eyre Peninsula, commencing Q3 CY2024, four months ahead of schedule. The Jungle Dam target, which previously reported intersections up to 570ppm U in scout drilling in 2007/08, has been bolstered by reinterpretation of historic gravity data in combination with opensource and recently released South Australian Government geological data. Access and interpretation of these new additional data sources has expedited our drill target activities by providing enhanced knowledge of the area’s basement geology and removed the need for further gravity surveys, which we have planned to undertake in Q3 CY2024. The enhanced ground gravity imagery aligns with our key exploration drill targets in areas surrounding our historic uranium drill intercepts at Jungle Dam. Our drill targets are in an area interpreted to be a paleochannel and are of similar style to Alligator Energy’s (ASX: AGE) Samphire Project, 80km southeast of Lincoln’s targets. CEO Jonathon Trewartha said: “We have made rapid progress in delineating additional highly prospective uranium exploration targets across our tenements using historic and newly available data which has reinforced the prospectivity of our Eyre Peninsula location. Utilising the newer open-source data and historical geophysics has allowed us to eliminate additional gravity surveys that we had previously planned to undertake. This development not only saves Lincoln substantial cost and time, but also significantly accelerates our drilling schedule, which will now commence in September 2024, four months sooner than expected. Lincoln is committed to exploring and advancing these high priority targets which it believes will deliver significant value to our shareholders and which it is hoped will confirm the Eyre Peninsula as one of the best address’ for uranium in South Australia.” Read the full ASX Announcement here: https://lnkd.in/e_UV_ptb #uranium #LML #Lincoln #AGE #AlligatorEnergy #ASX #ASXNews #Miningnews #SouthAustralia #resources

Cosa Resources Corp reports: "The recently completed ground geophysical survey confirmed quality basement conductors are present in target areas identified from the Property-wide 2023 #MobileMT survey" over Ursa Uranium Project in Athabasca Basin, Saskatchewan. Up to 3,000 metres of diamond drilling is planned at Ursa. The objective of drilling is to complete first pass testing in one or two of the eleven target areas identified from Cosa's 2023 #MobileMT survey. https://lnkd.in/gQgTrZpw #airbornegeophysics #mineralexploration #uranium

As of today, the first stage of surface reconnaissance work at our Lucita asset is 60% complete. This stage consisted of collecting property-wide systematic data, making first-pass geologic interpretations, and conducting a successful first-pass drilling program.  Follow us! $DEF.V $DEF $DNCVF #juniormining #silver #silverstocks #silvernews #investing #miningexploration

3D seismic is a valuable tool in #heliumexploration we use to aid decision-making in exploration and drilling. Learn more at www.firsthelium.com #helium #canadianhelium

EMU NL’s Fiery Creek Prospect Heats Up with Copper Porphyry Potential (ASX: EMU) Emu Non-Executive Chairman Peter Thomas commented, “Emu is increasingly confident the Fiery Creek prospect has the makings of a massive multimillion-tonne copper porphyry system. In addition to Mr Maund’s assessment, the results of our geochemistry work to date at Fiery Creek have confirmed the potential for a near-surface, highgrade deposit which warrants further investigation. "Emu intends to strengthen its understanding of this discovery in 2024 by applying modern exploration techniques not previously used in the area. This includes the next key step for the Company which is to undertake a definitive geophysical survey of the Fiery Creek Prospect area in August this year.” Read More: https://lnkd.in/g7fxwMsi #copper #mining #exploration #asx

🔊REEF 1 EXPLORATION TARGET The initial Reef 1 Exploration Target is estimated to be between approximately 60 to 110Mt at a grade between 0.21 to 0.31% Cu, 0.43 to 0.65g/t PGE3, 0.50 to 0.75% V2O5, and 13.9 to 20.8% TiO2, for an estimated contained metal content of between 130 to 340Kt Cu, 860 to 2,300Koz PGE3, 310 to 840Kt V2O5, and 8.6 to 23Mt TiO2. 🟦Cautionary Statement: The potential quantity and grade of the initial Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource. It is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code. 🟦 NEXT STEPS The Company is making preparations to mobilise multiple drill rigs (1 x diamond and 1 x RC), starting with a diamond rig, to commence infill and extensional drilling at Reef 1 and Reef 2. This will be followed by new discovery drilling at additional targets currently being defined by reconnaissance exploration, interpretation of new drill data, and geophysics. Read the announcement here: https://bit.ly/4bKvlP5 Contact: Thomas Line #copper #PGE #vanadium #titanium #asxnews #TM1

"Molecular Energies PLC has spudded the Tapir x-1 exploration well in the Pirity Concession in Chaco, Paraguay. The well is expected to reach a depth of about 3,800 m with an estimated drilling time of 45 days”. The Los Monos formation “is the primary generator of the fold-and-thrust system in northwestern Argentina, southern Bolivia, and extends to the great Bolivian-Paraguayan Chaco,” according to independent expert Jorge Albeiro. The thickness can exceed 400 m in non-deformed areas, but in the core of structures, it can exceed 1,500 m due to tectonic stacking, due to reverse faults, he said. “Basically, it is a shale with some interesting sandy intercalations; near the base, it has high-pressure gas, which can be confused with the underlying Huamampampa formation, and in the north, that overpressured sand was known as the Terror Sandstone,” the geologist stated. The quantity and quality of organic matter “are key to any discoveries that may occur in the Paraguayan Chaco, where there is no strong tectonics,” he added. "The oil is associated with volcanic breccias with fracture porosity. The oil originated from levels of the Yacoraite formation rich in organic matter. This unit is in contact with the volcanic rock, and not all drilled wells have been successful. The presence of salt layers, layers with high pressure and high temperature, make wells challenging. Surubí and Selva Maria wells, located around 5 km and more than 30 km from the Palmar Largo volcanic complex, respectively, have shown hydrocarbon indications and production in Yacoraite, respectively”. #paraguay #chaco #oilexploration

We've received further high-grade #rareearth elements (#REE) results from drilling at our Eyre Peninsula Project in South Australia. Drilling conducted at the Dickson Well target returned exceptionally high results, with up to 14,152ppm of Total Rare Earth Oxide (#TREO) discovered in clay-hosted rare earths. Drillhole PKD23-139 returned 3 metres averaging 5,025ppm TREO, including 1,473ppm #MREO from a depth of 43 metres. On screening to -53 µm, the interval returned 3 metres averaging 10,253ppm TREO, with 3,078ppm MREO from the same depth. PKD23-139 disclosed a 1-metre section averaging 7,114ppm TREO, which included 2,204ppm MREO from 44 metres, and subsequent screening unveiled 14,152ppm TREO from the same depth. We intend to conduct ionic leach tests on selected Dickson Well samples and utilise geophysical modelling to define further drill targets for the next stage of drilling. Read the full ASX Announcement here: bit.ly/3SGKKtn #PNN #PowerMinerals #RareEarth #EyrePeninsula #REE #exploration #DrillingResults #SouthAustralia #ASX #ASXnews