Exploration Sites’ Post

Asara Resources is an ASX (#AS1) listed #exploration company with a portfolio of advanced minerals projects in #Guinea and Burkina Faso, West Africa and in Chile, South America. The Company’s flagship project is the advanced #Kada #Gold Project in Eastern Guinea. Guinea remains one of the most under-explored countries in West Africa. Asara has outlined an Indicated and Inferred Mineral Resource of 30.3Mt at 0.95g/t gold for 923Koz, the majority of which is shallow oxide gold mineralisation. Most of the 150km2 project area remains under explored and there is considerable upside to expand the oxide gold inventory. The team has completed a considerable amount of diamond drilling (4,500m) to ascertain the structural orientations of the deposit to ensure we are moving in the down the correct path and there are no surprises as we move towards potential development. This drill out of the Massan area has resulted in a resource that is over 25% indicated (global) and 40% of the oxide resource is now indicated. In addition to the large drill out of our Massan area, the company increased the work on Bereko (9km north of Massan). Bereko has been drilled out around 300m and yielded 18,000 ounces to date. The anomaly around Bereko extends for an additional 5km so there is potentially huge upside there. In addition to Bereko the company has identified six ”grassroots” targets along the 15km long belt, including the Sounkou and Nounkoun new discoveries. Sounkou in particular exhibits some of the fresh rock seen at AGA’s Siguiri Mine, just 35km away. Elsewhere, the company is exploring options to divest our 2 million ounce deposit in Burkina Faso and the team are confident to monetize this asset in 2024. In #Chile, the company has an ongoing, exciting, JV with Teck, one of the worlds largest copper miners. Teck are working aggressively on the Loreto Copper Porphyry having completed mapping and airborne geophysics in 2023.

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Forte Minerals Corp. (CSE:CUAU, OTCQB:FOMNF) CEO Patrick Elliot tells Proactive's Angela Harmantas that the company, has made a landmark acquisition, solidifying its position in the Peruvian mining sector. During PDAC 2024, Elliot revealed the strategic acquisition of the Altar Project, a gold exploration site adjacent to Barrick's renowned Pierina mine. This move marks a culmination of 12 years of diligent efforts by Forte's project generator, Globetrotters, showcasing their prowess in navigating the competitive landscape and governmental negotiations to secure 100% control of this high-potential area. Discovered in the late '90s by Buena Ventura, the Altar Project's initial explorations indicated significant gold deposits, with the first drilled hole yielding 131 metres of 2.55 grams of gold from the surface. Watch at #Proactive #ProactiveInvestors #CSE #OTCQB #CUAU #FOMNF http://ow.ly/4ZSR105kHvI

Thor Explorations sees positive results from Makosa East drilling @ThorExpl_THX #TSXV #AIM #OTC #THX #THXPF. Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has reported positive results from its ongoing drilling program at the Douta Gold Project in Senegal. The focus has been on the Makosa East Prospect, located parallel to the main Makosa mineralised trend - this area remains outside the current resource estimate, which is currently 1.78 million ounces of gold. Latest drill results include notable intersections, such as 32 metres at 1.76 grams per tonne (g/t) gold from surface and 12 metres at 1.51 g/t gold from 40 metres. The drilling is part of... http://ow.ly/I4sw105HJx7

Barton Gold (#ASX:BGD) boosts JORC resource to 1.5Moz at Tunkillia with Area 51 upgrade, continues exploration for high-grade targets in 2024

Platina Resources Announces Exploration Drive Amid Escalating Gold Prices! #PlatinaResourcesLimited (ASX: PGM) is set to elevate its #explorationendeavors at the #Xanadu and #Beetegoldprojects in #WesternAustralia, seizing the lucrative prospects presented by the unprecedented surge in #goldprices. With gold prices surging to an all-time high, exceeding USD 2,000 per ounce and reaching a pinnacle of USD 2,070 in December 2023, Platina Resources aims to capitalize on this golden opportunity. In response to the remarkable uptrend in gold prices, #PlatinaResources is intensifying exploration activities at the #XanaduGoldProject. This strategic move is geared towards uncovering new reserves, enhancing resource estimation, and securing a competitive edge in the flourishing #goldmarket. Visit here at https://lnkd.in/gx8ngzdx #Beetegoldprojects

We've received further shallow, wide gold intercepts, including 𝟵𝟬𝗺 @𝟭.𝟭𝟲 𝗴/𝘁 𝗴𝗼𝗹𝗱, from diamond holes at BD Target 1 as part of ongoing diamond drilling at our Boundiali Gold Project in Côte d'Ivoire, West Africa. We discovered visible gold in the core and we are identifying the best assaying method for it. The BD Target is a 1.3km by 1km gold prospect within a larger 13km by 3km gold mineralised corridor. Drilling is currently underway, with 30,000m of diamond drilling planned for this year, accelerated by the addition of a third drill rig to our fleet. Our aim is to continue aggressive exploration to establish an initial Mineral Resource Estimate by late 2024. More assay results from drilling at BD Target 1 and Target 2 are expected over the coming weeks. Managing Director Dr. Caigen Wang said: “Results from two step-back holes at BD Target 1 have confirmed the gold system is open and continues at depth. It is very encouraging to see these new wide gold intercepts underneath earlier results such as 73m @ 2.15g/t Au from 172m (DSDD0012). We have drilled ~60m down dip with these holes from the previous hits and these are the deepest holes (covering ~300m vertically) drilled on the project so far. We have noted visible gold in the drill core and have been investigating the suitability of using PhotonAssay with its larger 500g sample size and speed compared to a 50g fire assay. The larger sample size should be more suitable for gold mineralisation where coarse visible gold is present such as what we are seeing at Boundiali. This work continues to identify the optimum assay methodology for our gold mineralisation. We are well funded and supported by our shareholders and have increased our drill fleet to three diamond rigs on site this week lifting our drilling capacity to 4,000m a month. Given the encouraging results to date we are confident to add new targets on the BD and BM tenements whilst we drill towards our target of delivering inaugural JORC resources by late 2024.” Read the full ASX Announcement here: https://lnkd.in/guuaKU9X #AUE #Aurum #gold #westafrica #exploration #drilling #smallcaps #asx #ASXnews #miningnews

Oriole Resources PLC – pleased to provide an exploration update for its 80%-owned Mbe gold project in the Adamawa region of Cameroon, where BCM International Ltd is currently funding up to US$4 million in exploration expenditure. Mbe is just one of five licences within Oriole’s broader package of contiguous exploration licences, the ‘Eastern CLP’, which covers 2,266 km2 of ground prospective for gold deposits. Initial results for three of the first nine trenches approximately 200m apart located on the c. 1km long MB01-N sub-prospect include the following best channel sample intersections: - Trench MBT001 - 50m at 1.11 g/t gold, including 20m at 2.23g/t Au; - Trench MBT003 – 68m at 0.77g/t Au, including 24m at 1.18g/t Au; Intersections correlate well with the previously reported gold-in-soil anomalies, with all three being associated with a mineralised felsic porphyry unit. Further results from the remaining trenches are expected to be released over the next few weeks. The trenching results will inform the planning of the maiden drilling programme in the 2024/2025 field season. #westafrica #cameroon #goldexploration #orr https://lnkd.in/eQvC3VnA

Dundee Precious Metals Tsumeb (DPM) recently acquired Osino Resources Corp., a Canadian gold exploration and development company with assets in Namibia's prospective Damara mineral belt located central Namibia approximately 20km's from the local town of Karibib and 150km from the capital city, Windhoek, Namibia. DPM anticipates producing an estimated 175,000 ounces of gold annually over the initial five years and maintaining a production of 162,000 ounces yearly over the mine's 13-year lifespan. This acquisition is set to positively influence the local mining industry through capital injection, employment creation, infrastructure improvement, production, technology and expertise. Key Benefits and Outcomes: - The new mine is expected to have a 13-year lifespan. During the project’s two year construction period, DPM expects to employ approximately 550 people and 870 people (of which over 95 percent will be Namibian) during the operation’s mine life. - An estimated capital expenditure of N$6 billion between 2024 and 2026 is forecasted. Taxes and royalty to the country is estimated to be N$8.6 billion over the mine’s 13-year life (N$660 million per year). - 75 percent of goods and services during operations are expected to be sourced from Namibia (worth approximately N$663 million per year). #InvestinNamibia #Sustainability #Gold #Namibia Dundee Precious Metals Tsumeb Ministry of Mines and Energy #Africanmining #InvestNamibia

Discover the latest Drill Down insights featuring top gold assays from July 19-26. Snowline Gold's Rogue project in Canada delivered a standout result of 1.77 g/t gold at 449.70 meters starting from 6.80 meters depth. Alamos Gold's Island project in Ontario reported 64.67 g/t gold at 5.95 meters from a depth of 137.90 meters. Nevada King Gold's Atlanta project in Nevada yielded 5.14 g/t gold at 68.60 meters from a depth of 147.80 meters. These findings showcase the significant exploration progress and potential of these projects. Read the full insights to stay informed on recent developments in gold exploration: https://lnkd.in/gbu4fFi9 Snowline Gold Corp. (TSX-V:SGD)(OTCQB:SNWGF) Alamos Gold Inc. Nevada King Gold Corp. Freegold Ventures Limited Imperial Metals Corporation Founders Metals Inc. Aldebaran Resources Inc. (TSX V.ALDE) Southern Cross Gold Arizona Metals Far East Gold Ltd #GoldExploration #MiningIndustry #AssayResults #ExplorationInsights #MiningNews #GoldMining #MineralExploration