Element79 Gold Corp’s Post

📍 Location, location, location! When it comes to property investment, location-specific issues can make or break a deal. ⚠️ From mining concerns to non-standard construction types and even ex-local authority properties, every area comes with its unique challenges. 🏗️💼 Be sure to do your research and understand the potential pitfalls before diving in! 💡

⭐ Warriedar Resources Ltd (ASX: WA8) Strikes 19m at 4.94 g/t Gold, Confirming High-Grade Extensions at Ricciardo Exciting news from Western Australia! Warriedar Resources has reported outstanding results from its diamond drilling program at the Ricciardo gold deposit, part of its Golden Range Project. 🔑 Key Highlights: - 19m @ 4.94 g/t Au from 188m - 12m @ 6.98 g/t Au from 110m (incl. 3m @ 22.12 g/t) - First diamond drilling at Ricciardo in 10 years - 5,030m RC drilling and 1,420m diamond drilling completed - High-grade gold zones extended below existing pits 🔬 What it means: These results confirm and extend high-grade gold zones, with the potential to boost the deposit's mineral resource estimate. They underscore the potential of Warriedar's 'Golden Corridor', a 25km-long trend encompassing six deposits across 18 historic pits. 🌍 Market Context: With gold prices near all-time highs, new high-grade discoveries in top-tier jurisdictions like Western Australia are attracting significant interest. 💰 Company Snapshot: - Market cap: ~A$40.1 million - Shares on issue: 692 million - Cash position: A$4.8 million (as of March 31, 2024) - Current resource: Over 1.8 million ounces across WA and Nevada projects Next Steps: - Continue drilling program - Await results from remaining holes - Focus on expanding gold resource inventory along the 'Golden Corridor' 🔗 Read our article linked in the comments below: #Gold #Exploration #ASX #WA8 #WesternAustralia #Stocks #Resources

Read more about our outstanding results from our diamond drilling program at the Ricciardo gold deposit in WA in this StockHound article ➡️ #WarriedarResources #WA8 #GoldMining

Kootenay Silver Inc. CEO Jim McDonald joined Steve Darling from Proactive to discuss the company's drilling results from its 2023 diamond drilling program at the Columba #Silver Project in Mexico. Kootenay Silver conducted a 2023 diamond drilling program consisting of 12 holes, totaling 3,052.8 meters of drilling. The primary objective of the program was to extend known mineralization on the "D Vein" target area at the Columba Silver Project. The drilling results from the final two holes of the 2023 program (CDH-23-146 and CDH-23-147) continued to identify broad zones of mineralized stockwork adjacent to the D Vein proper. These results further expand the understanding of the mineralization in the area. Watch at #Proactive #ProactiveInvestors #TSXV #KTN http://ow.ly/TJ9g1055GLI

I am really happy that since we bought Laiva Gold In Finland in October 2022 and Mina Tucano in Brazil in November 2023 the gold price is up $700 and $500 respectively for each purchase. It shows you that the best deals usually happen when sentiment for gold is at its worst. When we bought Laiva we were in the middle of an electricity crisis and all the chartists were calling for a flash crash to $1300 in gold. Inversely when a deal feels really good and you are 10 times oversubscribed then usually those are the ones that struggle later.   Exciting times for Laiva Gold and Tucano Gold as both resume production and take advantage of these high gold prices. These are big mines and > 95% of the capex required to start them has already been spent by the previous owners.  It’s not just about the money.  To build these mines today takes years of exploration, permitting, designing, funding and building. #goldprice

Mako Gold Ltd (ASX:MKG) managing director Peter Ledwidge joins Jonathan Jackson in the Proactive studio to discuss a scout drilling campaign at the Tchaga North Prospect within its 90%-owned Napié Gold Project in Côte d’Ivoire, aiming at three high-grade zones identified through recent mapping and trenching. The initial 1,500-metre reverse circulation (RC) drilling program targets the Discovery Zone, Double Zone and Deep Artisanal Site, focusing on east-west structures with high-grade #gold potential. This campaign represents the first drilling effort in these zones. A drill-for-equity agreement with Geodrill (TSX:GEO) allows Mako to pay up to 50% of drilling costs in shares, effectively reducing cash expenditure. This agreement aims to maximise drilling metres while conserving cash resources. Watch at #Proactive #ProactiveInvestors #GoldMining #GoldStocks https://lnkd.in/eeWic6Fk

ALLUVIAL GOLD At Different Depths Today I'm going to take you out to the Maryborough Goldfields and show you a heap of interesting examples of alluvial gold mining, the features of which can vary a quite lot depending on the depth of the field. We're going to take a look at surfacing, gully workings, shallow underground workings, shallow sinking, and deep lead mining, which are all types of alluvial workings at different depths. Alluvial gold deposits are formed when gold is eroded from its source in a quartz reef, and then transported by water and gravity to a new location. The gold makes its way downhill over time until it is eventually deposited into a river, stream or gully. One of the most important things to keep in mind when thinking about gold, is that it's heavy - real heavy, and over time it makes its way deeper and deeper down in the ground, or in a riverbed, until it can't go any further - usually when it hits bedrock. The old miners in the gold rush called this the bottom. The gold sits in a layer on top of the bedrock, a layer which the old timers referred to as washdirt, washing stuff, or simply stuff. This rich layer could be anywhere from less than an inch to a few feet thick. Unless you were over in the incredible Gravel Pits at Ballarat, where the washing stuff was reported to be an astonishing thirteen feet thick! The depth of alluvial workings generally depends on one important factor - how deep that bedrock lies beneath the ground.

Mako Gold Ltd (ASX:MKG) managing director Peter Ledwidge sits down with Jonathan Jackson in the Proactive studio to chat through the completion of a mechanical trenching program at the Tchaga North prospect within the #NapiéGoldProject in Côte d’Ivoire, covering 762 metres with samples taken at 1-metre intervals. The trenching targeted new high-grade gold zones identified by recent field mapping and rock chip sampling, yielding high #gold concentrations (79.50 g/t, 76.10 g/t, 60.66 g/t). The zones examined included the Ladder Zone, Central Zone, Double Zone and other newly mapped areas. Mako is now awaiting assay results to further evaluate the trenches and plan subsequent drilling operations. The trenches revealed numerous east-west oriented quartz veins and stringers in stockworks, which have not yet been tested by drilling. Watch at #Proactive #ProactiveInvestors #GoldExploration https://lnkd.in/dyCe34yT

Further High-Grade Gold Success at Ricciardo HIGHLIGHTS: *GOLDEN RANGE* * Assay results for the remaining (3) RC holes drilled at the Ricciardo deposit have been received, with all holes intersecting significant gold intervals including: *4m @ 14.49 g/t Au from 188m, ending in mineralisation (RDRC039) *12m @ 1.91 g/t Au from 74m, ending in mineralisation (RDRC040) *7m @ 1.17 g/t Au from 119m (RDRC038) *Results continue to increase the known extent of the high-grade shoot beneath the historic Ardmore pit. *Drilling demonstrates significant additional mineralisation outside the current Mineral Resource model, with mineralisation remaining open at depth. *These results build on the high-grade results already released for the Ricciardo deposit. *Ricciardo sits in the middle of the 25km-long ‘Golden Corridor’ at Golden Range, which hosts six discrete deposits (18 historic pits) that are all open at depth and possess immediate growth potential. *The ‘Golden Corridor’ is Warriedar’s key exploration focus in 2024, with further growth-focussed RC drilling set to commence in the next week. *FIELDS FIND* *Results from drilling at Rothschild continue to extend mineralisation along strike to the east (and remains open). *New greenfields gold zone intersected at Provenance, located approx. 700m north of the Rothschild deposit. Congrats to the whole team at Warriedar Resources Ltd Amanda Buckingham Graeme Morissey Mark Connelly Dianmin Chen Stuart Burvill David Palumbo Peng Sha Steve McMillin #asxnews #investingnews #gold https://lnkd.in/guTRw4M8