Gavin Wendt’s Post

Coverage stock Rimfire Pacific Mining Limited (ASX: RIM) has just commenced a 4,000 metre aircore drilling program at the Murga Scandium Prospect, 70km northwest of Parkes within the highly prospective Lachlan Orogen of central NSW. Scandium is now included in both Australia’s 2023 Critical Minerals List and the United States Geological Survey’s (USGS) 2022 List of 50 mineral commodities critical to the economy and national security of both countries. More broadly, the recent purchase by Rio Tinto of the Owendale Scandium Project (which lies 10km north of Murga and Melrose) for up to $US14 million, highlights growing market interest in Australian scandium projects. The acquisition aligns with Rio Tinto’s strategic goal to grow in materials essential for the low-carbon transition. As the demand for cleaner, lighter, and more durable materials continues to rise, Rio expects the use of scandium to continue to grow along with this demand. The Owendale acquisition also follows the establishment of a dedicated Rio Tinto scandium business unit called Element 21 North. At Murga, scandium occurs within a strongly weathered horizon overlying magnetic ultramafic (pyroxenite) intrusive rocks of the Ordovician-age Murga Intrusive Complex, which are interpreted to be part of a large scale arcuate shaped mafic – ultramafic intrusive complex that has a surface area of ~20 sq km. There is little or no nickel and / or cobalt anomalism associated with the scandium, which is curious given that other scandium occurrences within the area (i.e., RIM’s Melrose prospect and Sunrise Energy Metals’ adjacent Sunrise nickel cobalt scandium deposit) are all associated with elevated levels of nickel and cobalt. Regionally, Murga is just one of several critical minerals prospects (i.e. Melrose, Currajong, Forrest View, and Kars) that lie within a +50km long belt of volcaniclastics, sediments and mafic - ultramafic intrusive units that form a geologically significant large-scale structure called the “Fifield Ultramafic Zone.” #scandium #commodities #resources #exploration #equities

Magmatic Resources (ASX:MAG) is going to be back on the ground shortly at the wholly-owned Wellington North project in Central West NSW, immediately adjacent to some large and growing porphyry #gold-copper deposits. The Wellington North Project includes the historical Bodangora Gold Field, where 230,000 ounces at around 26 g/t #gold were produced between 1869 and 1917. Wellington North covers the northern extension of the Molong Volcanic Belt, north of Australia’s largest gold producer at Cadia (Newmont) and immediately adjacent to Alkane Resources’ 15.7-million-ounce gold-equivalent Boda-Kaiser porphyry gold-copper deposits. Magmatic has identified three key target areas for immediate follow-up - Boda Southwest, Lady Ilse North and Rose Hill - each with confirmed nearby porphyry gold-copper mineralisation but limited drilling history. More at #Proactive #ProactiveInvestors #ASX #MAG #Copper #Mining #BaseMetals #PreciousMetals http://ow.ly/jqtR105msMW

Our experienced and dedicated #exploration team, led by Andrew Stewart is operating 3 diamond drill rigs, in pursuit of new discoveries outside the recently upgraded Kharmagtai #copper #gold Mineral Resource. It includes Xanadu Mines Ltd deep exploration programme; focused on #delivering high-impact discoveries (high-grade and large-scale mineralisation) at depth, and analogous to Oyu Tolgoi LLC / Оюу толгой ХХК Hugo North deposit (regarded as one of the world's highest-grade copper discoveries). Deep drilling programme comprises 8,000m planned + 6,000m contingent on success, with promising assays from first 2 (of 4 planned holes), delivering: 1. 600m down-dip extension to Kharmagtai’s largest deposit, White Hill, including - Several zones grading 0.73% CuEq, and - Importantly providing vectors to target high-grade at depth, with - Further high priority #drilling earmarked. 2. Two broad zones of porphyry and tourmaline breccia mineralisation between Stockwork Hill and Zaraa deposits, including - Higher grade of up to 0.89% CuEq, and - Likely on the edges of a very large-scale copper gold system, with - Additional #exploration work planned post full interpretation. We are very excited to test the deep targets we’ve geologically modelled, and look forward to sharing more results soon. Deep exploration success could transform Kharmagtai, which is already poised to become Mongolia’s next large scale copper mining operation. Learn more: https://loom.ly/S6QyLEo #XanaduMines #growthstrategy #NewDiscovery #transformation #derisking #development #criticalminerals #Mongolia #XAM #ASX #TSX

Exciting developments at Equinox Resources Limited (ASX:EQN) Alturas Antimony Project in British Columbia. Recent exploration has uncovered a 1.5 km shear zone and copper-bearing boulders, adding fresh momentum to the project’s potential for copper and high-grade antimony mineralisation. Key Highlights: 🌓 1.5 km shear zone identified, with widths of 5-25 metres. 🌓 Copper-bearing boulder field discovered, with copper content estimated at 0.5% to 1.5%. 🌓 Historical high-grade antimony samples, with some containing up to 100% stibnite. “The latest exploration results at the Alturas project have exceeded our expectations... reaffirming its potential for both antimony and polymetallic mineralisation,” says Zac Komur, Managing Director. Robert Martin Agha Shahzad Pervez Harry Spindler Kelly-Jo Fry #MiningNews #CopperDiscovery #Antimony #Exploration #ASX

Stelar Metals Ltd (ASX:SLB) is making progress with exploration at the Trident Lithium Project near Broken Hill in Far West NSW, revealing the presence of substantial new pegmatite formations to the south of the project. Findings from the company's geological mapping and surface sampling highlight the discovery of two major zoned pegmatites, named Pilgrim and Sabre. Pilgrim extends around 2 kilometres north-south with widths up to 500 metres and Sabre stretches 4 kilometres east-west with widths reaching up to 700 metres. An additional strike length of 3.2 kilometres, termed Trident North, has also been mapped, extending the known mineralised zone north of the previously drilled Trident area and linking with Mount Euriowie. This extension represents a significant increase in the potential lithium-bearing footprint of the area. More at #Proactive #ProactiveInvestors #ASX #SLB #Lithium #Mining #CriticalMinerals http://ow.ly/u6nm105lV9U

American Rare Earths Limited (ASX:ARR, OTCQB:ARRNF) has generated soil sampling results of up to 6,221 parts per million (ppm) total rare earth oxide (TREO) from the Cowboy State Mine area of the Halleck Creek Rare Earth Element (REE) project in Wyoming, US. Samples represent the potential for high-grade REE mineralisation with a TREO content 64% higher than that considered in current mine planning and a recent scoping study (3,805 ppm TREO), offering an opportunity for a larger, higher-grade REE deposit close to those already established by the company. The newly identified mineralised zone has high potential to add to the recently upgraded mineral resource for the project, which sits at 2.34 billion tonnes at 3,196 ppm TREO at a 1,000 ppm TREO cut-off. More at #Proactive #ProactiveInvestors #ASX #OTCQB #ARR #ARRNF #REE #RareEarths #Mining #CriticalMinerals http://ow.ly/Kjro105p1PT

#NEWS | #OCG is pleased to provide an update on the 2024 Regional Exploration Program at the Santa Ana high grade silver project. The exploration strategy this year aims to demonstrate a clear pathway to substantially expand the known resource area along the extensive 17 kilometre strike of drill permitted targets along the 30 kilometre mineralized trend. Activities have included large step-outs testing new drill targets such as Aguilar (refer to News Releases from June 18, 2024, July 17, 2024, and August 28, 2024) and an extensive expansion of regional exploration activities. These efforts are focused on identifying and advancing targets to drill-ready status while refining the targeting process. The 100% owned Santa Ana project is situated in Colombia’s highest-grade primary silver district, historically recognized for producing some of the highest silver grades in Latin America https://bit.ly/4cZcf8l Highlights To Date from 2024 Regional Exploration Program - La Ye, a vein system with 500 metres of strike length showing remarkable grades, such as 4,898 grams per tonne of silver equivalent in chips samples and up to 2,553 grams per tonne of equivalent silver in channel samples. - The Morena vein was discovered through soil geochemical surveys as part of the exploration effort near La Ye vein (Figure 4). Located 1 kilometre northeast of La Ye vein, chip and channel samples have returned up to 1,237 grams per tonne of silver equivalent. - La Rica is a vein system discovered during recognizance campaigns along the Frias and Santa Ana trend, returning 4,113 and 1,194 grams per tonne of silver equivalent in chip and channel samples. - La Quebrada vein is a promising target for near-term exploration, showing up to 30 grams per tonne of gold and 412 grams per tonne of silver. #OCGSF #silver #mining #juniormining #stockstowatch #stockstobuy #investing #preciousmetals #metals #energytransition #newsrelease

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

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

Variscan Mines Limited (ASX:VAR) has uncovered significant high-grade zinc-lead assay results from historic underground sampling at the Udias Mine in Spain. Highlights include: ✅ Sample UTS-15: 4.50m @ 26.47% Zn, 19.46% Pb ✅ Sample UTB-65: 2.80m @ 35.87% Zn, 0.17% Pb ✅ Sample D-5: 1.55m @ 41.00% Zn, 0.22% Pb Managing Director & CEO Stewart Dickson noted, "These super high-grade zinc-lead sampling results are very exciting ahead of Variscan drill-testing the Udias Mine complex for the first time." With drilling set to commence next month, Variscan is on track to update its Mineral Resource Estimate by year-end, potentially unlocking further value from the Novales-Udias Project. Nick Farr-Jones Frank Bierlein Mark Pitts #Zinc #MiningNews #Exploration #ASX #Resources