Eagle Mountain Mining Limited (ASX: EM2) is pleased to provide an update on the Company’s 100% owned Silver Mountain Project in Arizona, USA. Commenting on the new mapping, assays and next steps, Eagle Mountain Mining’s CEO, Tim Mason, said: “It is exciting to see our first Silver Mountain assays in over four years, particularly given they support our recent field work that indicates a new geological system supported by elevated uranium, thorium and rare earth elements. With observed similarities between field samples and new mapping across the Silver Dollar and Scarlett areas, we are eagerly following up with additional work to help establish what could be a significant exploration target for Eagle Mountain Mining.” The Company’s consulting geologist, Dr Linus Keating, commented: “The possibility that a “heat engine” – perhaps a porphyritic intrusion – may lie beneath Silver Mountain. Evidence to support this possibility includes: 1) the peripheral precious metal - sericite veins at Scarlett; 2) the increasing chloritic alteration encountered in drill holes 014, 015, and 016; and the lack of strong overprinted chlorite to the south; 3) an appearance that drilling deeper into the Pacific Horizon … encounters more breccias and alteration may be suggesting up-dip fluid flow from a porphyritic source ...” Read more: https://lnkd.in/gKv5S-3S $EM2 #Copper #Gold #EagleMountain #OracleRidge #Arizona Tim Mason Rick Crabb Roger Port
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$EM2 - Eagle Mountain Mining Ltd (ASX:EM2) is pleased to provide an update on the Company’s 100% owned Silver Mountain Project in Arizona, USA. Commenting on the new mapping, assays and next steps, Eagle Mountain Mining’s CEO, Tim Mason, said: “It is exciting to see our first Silver Mountain assays in over four years, particularly given they support our recent field work that indicates a new geological system supported by elevated uranium, thorium and rare earth elements. With observed similarities between field samples and new mapping across the Silver Dollar and Scarlett areas, we are eagerly following up with additional work to help establish what could be a significant exploration target for Eagle Mountain Mining.” The Company’s consulting geologist, Dr Linus Keating, commented: “The possibility that a “heat engine” – perhaps a porphyritic intrusion – may lie beneath Silver Mountain. Evidence to support this possibility includes: 1) the peripheral precious metal - sericite veins at Scarlett; 2) the increasing chloritic alteration encountered in drill holes 014, 015, and 016; and the lack of strong overprinted chlorite to the south; 3) an appearance that drilling deeper into the Pacific Horizon … encounters more breccias and alteration may be suggesting up-dip fluid flow from a porphyritic source ...” Read more: https://lnkd.in/gtkWckW4 $EM2 #Copper #Gold #EagleMountain #OracleRidge #Arizona Tim Mason Rick Crabb Roger Port
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🗞️ NEWS -- Max Power Mining Corp (CSE: MAXX) | (OTC: MAXXF) has intersected a thick lithium claystone sequence as well as multiple liquid brine targets in its first diamond drill hole at the Willcox Playa in southeast Arizona. This represents a new discovery with considerable scale and grade potential as MAX Power’s Willcox Property covers a 6-mile-long north-south corridor defined by favorable geophysics and surrounded by excellent infrastructure in the heart of the American West. ⚒️ 🗣️ Mr. Peter Lauder, Senior Geologist and Exploration Manager for MAX Power, commented: “Willcox is already showing itself to be quite unique and fascinating based on just the very first drill hole with strong potential for widespread and robust lithium mineralization in thick claystone sequences under the Playa. The exciting wildcard is the potential for lithium mineralization in the fluid sequences, so we eagerly anticipate those results from ALS Global.” ⛏️ 🔗 https://lnkd.in/gEGJasAd #stocks #trading #invest #lithium #batterymetals #criticalminerals
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TECTONIC & THE DEEP “DIVE” INTO JUNIOR MINING'S FUTURE✨ We’re excited to share our latest video interview featuring Tony Reda, CEO of Tectonic Metals Inc. (TSX-V:TECT) Metals Inc. (TSX-V:TECT; OTCQB: TETOF), and Steve Hyland from The Deep Dive 🎥 at the Invite Only Rule Symposium in Boca Raton, Florida. Tune in as Tony discusses the current state of junior mining markets, the challenges and opportunities, and the exciting potential of our Flat Gold Project in Alaska 🇺🇸. Tony comments: “What is the 5-year plan for Tectonic? It’s about maintaining optionality. Our team’s pedigree covers all the bases it would take to bring a project into production, including engineers, structural & exploration geologists, environmental biologists, and resource lawyers. The evidence is stacking up, pointing toward Flat being a Tier-1 opportunity, but the reality is that in this industry, it’s often a case of big fish eating little fish. Just like with the Coffee Gold Project, where 3 majors pursued us. That’s perfectly fine because our ultimate goal is to generate value for our shareholders, in whatever form that takes." A big thank you to Steve for the insightful conversation as usual! Don't miss out on this opportunity to get the latest updates directly from our leadership. Watch the interview here: https://hubs.li/Q02HsRvF0 To learn more about The Deep Dive visit https://hubs.li/Q02HsJ510 --- 2024 FINANCING LIVE NOW – 2024 Drill Season Financing. · View our 2024 Financing Press Release Here: https://hubs.li/Q02HsB680 · Watch the Webinar to Learn why this year’s drill targets have us and Crescat excited: https://hubs.li/Q02HsrkV0 · See Our Corporate Presentation Here: https://hubs.li/Q02Hsz4y0 #Gold #Au #Alaska #Mining #Investing #Resources #StockMarket #SmallCapStocks #ExplorationGeology #JuniorMining #TheRuleSymposium
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Noble Mineral Plans to Drill in proximity to the Location of a 140 kg, Mineralized Boulder Found near Hearst, Ontario We are pleased to announce that the company has plans to execute a drill program on 214 claims in Way Township commencing in mid-Jine. The claims extend from about 4 to 15 km southwest of the town of Hearst, Ontario. The property area is equivalent to approximately 4,500 hectares or 45 sq km. The drill program follows geophysical surveys done to identify targets that may be the source of the mineralized boulder. The recent geophysical program was partially funded by the Ontario Junior Exploration Program and application has been made to the same program to fund the drill program. The Program will fund up to $200,000 on a $400,000 exploration program. The mineralized boulder will be on display at the Canadian Mining Expo in Timmins, Ontario on June 5th and 6th and a representative of Noble Mineral Exploration will be there to answer your questions. (https://lnkd.in/e4SwTJdC) Vance White, President and CEO of Noble, said “we are pleased with the progress on this property and look forward to the results of the drill program that may give us more clues as to the possible source of this rich boulder. While the odds are long, if successful it could result in a significant find.” TSX.V: NOB | FWB: NB7 l OTCQB: NLPXF #mining #exploration #investing #Hearst #Ontario See the full news release: https://lnkd.in/gF_wAShG
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#ASXNews AuMEGA Provides Hermitage Gold and Antimony Project Update AuMEGA Metals (formerly Matador Mining Limited) is pleased to provide an update on its high-grade Hermitage gold and antimony project. • Prospecting and mapping currently underway at the Hermitage #Gold and Antimony Project. • This recent prospecting work has identified several large areas of hydrothermal alteration that host quartz-dominated hydrothermal breccias with relatively chaotic hydrothermal breccias transitioning to breccia veins containing angular wall-rock clasts away from the fault strands. • Recent #mapping and data analysis interprets the regional-scale North Limb Fault, previously identified by the Company, comprises of numerous subparallel fault splays and links that have potential to form a permeability network on a massive scale. • High-resolution airborne magnetic and very low frequency (“VLF”) geophysical survey expected is now expected in the Canadian autumn of 2024. • Staked mineral licence adjacent to the south of the Company’s Hermitage claims extend AuMEGA tenement holding along an interpreted major structural splay. • Historic Government Lake sediment geochemical studies identified the Hermitage Project area as having the largest and highest tenor antimony anomaly in the province. • Hermitage Project is in the same geological domain as the recently closed high-grade Beaver Brook Antimony mine that operated for approximately six years. • Currently evaluating the potential of historically identified uranium showings in the Hermitage Project area. • Phase one diamond drilling assays are expected in the near-term with phase two #drilling currently underway. #AAM’s Managing Director and CEO, Sam Pazuki, P.Eng, M.Fin commented: “Hermitage is one of several projects we have in our portfolio and among our top ranked exploration projects due to its structural and geological architecture. We believe this is highly prospective gold belt and prospecting work has already produced encouraging gold and antimony results over the last two years. This includes multi-gram gold in outcrop over 7 kilometres of strike and high-grade antimony from samples, supporting our belief in the discovery potential of the project. We continue to validate the highly prospective nature of the Hermitage property through our systematic and results driven reconnaissance approach to exploration.” See the full announcement: https://loom.ly/UEUjrEM #AuMEGAMetals #MiningNews #ASX #TSXV #AUM
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Coverage stock Rimfire Pacific Mining Limited (ASX: RIM) (initiated @ 2.3c in 2016) has provided an important update with respect to exploration activity at the Bald Hill Prospect, located within its Broken Hill Project in NSW. RIM is currently undertaking a 6-hole/1,000-metre diamond drill program at Bald Hill, designed to test the significance of a very strong magnetic anomaly, which is interpreted to be a potential extension to previously drilled high-grade cobalt (Co) and copper (Cu) mineralisation. The Bald Hill magnetic anomaly trends NNE, dips to the southeast, and has a near-surface extent of 450 x 400 metres, extending to a vertical depth of approximately 300 metres below surface. 3D modelling suggests that the anomaly plunges to the southeast, with RIM’s 2023 diamond holes just “clipping” the top of the anomaly. Encouragingly, the first two holes in the program have successfully intersected multiple broad zones (downhole widths) of sulphide mineralisation, 100 – 200m away from previous high-grade cobalt drill intercepts (assays awaited). The project’s cobalt and copper prospectivity are highlighted by the presence of Havilah Resources’ (ASX: HAV) Mutooroo Copper Cobalt Gold Deposit 35km to the southwest of Bald Hill and Cobalt Blue’s (ASX: COB) Broken Hill Cobalt Project 10km to the south. #copper #cobalt #commodities #resources #exploration #mining #ausbiz #equities #NSW David Hutton FAusIMM
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$EM2 - Eagle Mountain Mining Ltd (ASX:EM2) is pleased to confirm that the Renounceable Entitlement Offer pursuant to the prospectus lodged with ASIC and ASX on 29 January 2024 closed on 15 March 2024. The total amount raised under the Entitlement Offer was $4,180,095 which will enable the Company to: - Undertake field exploration activities at both the Oracle Ridge and Silver Mountain Projects. The field exploration activities will predominantly focus on Silver Mountain following the recent discovery of significant uranium, thorium and rare earths. Refer ASX announcements 29 February 2024 and 13 March 2024. - Undertake a scoping study to assess the technical and financial development for Oracle Ridge. The study will consider a simplified processing flowsheet that avoids smelting and refining beyond the mine gate. - Assess the use of an ambient noise tomography (geophysical) survey at both Silver Mountain and Oracle Ridge projects. Commenting on the results of the Entitlement Offer, Eagle Mountain Mining’s CEO, Tim Mason, said: “The Board and I are very pleased with the strong support received for the entitlement offer. The funds raised will allow us to undertake exciting exploration activities at Silver Mountain, following the recent discoveries of uranium, thorium and rare earths. The discoveries are indicative of a ‘heat engine’ driving mineralisation and alteration evident on surface. In addition, the funds raised will enable a Scoping Study to be completed on the development of Oracle Ridge which is due for completion in the September quarter of 2024. I wish to thank our loyal shareholders who continue to support Eagle Mountains activities. In particular, the Board and I wish to thank Charlie Bass, our Managing Director, who continues to show his unwavering financial support for the Company with the subscription for $1.25 million through the partial underwriting of the offer.” Read more: https://lnkd.in/db8m_KE4 $EM2 #Copper #Gold #EagleMountain #OracleRidge #Arizona Tim Mason Rick Crabb Roger Port
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Coverage stock Rimfire Pacific Mining Limited (ASX: RIM) (initiated @ 2.3c in 2016) has provided an important update with respect to exploration activity at the Bald Hill Prospect, located within its Broken Hill Project in NSW. RIM is currently undertaking a 6-hole/1,000-metre diamond drill program at Bald Hill, designed to test the significance of a very strong magnetic anomaly, which is interpreted to be a potential extension to previously drilled high-grade cobalt (Co) and copper (Cu) mineralisation. The Bald Hill magnetic anomaly trends NNE, dips to the southeast, and has a near-surface extent of 450 x 400 metres, extending to a vertical depth of approximately 300 metres below surface. 3D modelling suggests that the anomaly plunges to the southeast, with RIM’s 2023 diamond holes just “clipping” the top of the anomaly. Encouragingly, the first two holes in the program have successfully intersected multiple broad zones (downhole widths) of sulphide mineralisation, 100 – 200m away from previous high-grade cobalt drill intercepts (assays awaited). The project’s cobalt and copper prospectivity are highlighted by the presence of Havilah Resources’ (ASX: HAV) Mutooroo Copper Cobalt Gold Deposit 35km to the southwest of Bald Hill and Cobalt Blue’s (ASX: COB) Broken Hill Cobalt Project 10km to the south. #copper #cobalt #commodities #resources #exploration #mining #ausbiz #equities #NSW David Hutton FAusIMM
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Galileo MiningLtd (ASX:GAL, OTC:GLMGF) has identified a strongly conductive electromagnetic target just five kilometres along strike from the Callisto Deposit, part of the Norseman platinum group elements (PGE)-nickel-copper project in Western Australia. This conductor – identified with a downhole electromagnetic survey – measures about 400 metres down-dip from the hole by about 200 metres in strike length, and mimics similar geophysical anomalies at the 17 million tonnes Callisto deposit. The company says it will add this new target to an upcoming drilling program scheduled for August, as it potentially represents a geological contact zone prospective for mineralisation. More at #Proactive #ProactiveInvestors #Nickel #Copper #PlatinumGroupElements #BatteryMetals #CriticalMinerals http://ow.ly/HNv8105BEQv
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Forrestania Resources Ltd (ASX:FRS) has enhanced the #goldpotential of its #EasternGoldfields’ Bonnie Vale project area (E15/1632) with rock chip samples grading up to 2.7 g/t and historic drilling results up to 14 g/t. The company has also reported significant historic geochem soil results of up to 354 parts per billion #gold at the prospect, which features strong zones of highly anomalous gold mineralisation. These results from Bonnie Vale follow the recent strong results from Ada Ann, which is around 5 kilometres away, including grab samples of up to 49 g/t gold. Bonnie Vale is close to the historic high-grade mining centre at Christmas Gift, which is within but not part of the company’s licence area, and is coincident with the same geophysical magnetic low. More at #Proactive #ProactiveInvestors http://ow.ly/pgYi105skJE
Forrestania Resources enhances Bonnie Vale gold potential with rock chips up to 2.7 g/t and historic drill results up to 14 g/t
proactiveinvestors.com.au
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