Gold Basin Resources Corporation - TSXV: GXX, OTCQB: GXXFF’s Post

We are pleased to report encouraging copper and gold results from scout drill holes at the 100% owned Copper Ridge prospect (part of the Yambat Project), Gobi-Altai region of Mongolia. - Approximately 250 metres of scout diamond drilling has been completed at the Copper Ridge - The company’s scout drill hole CRS01A with a length of 200.5 metres, confirms semi-continuous mineralisation from the surface to 187m vertical depth below the surface. Best intercepts include: ·        20m @ 0.60% CuEq[1],[2] (0.21% Cu, 0.43g/t Au) from 7m Including 7m @ 1% CuEq1,2 (0.32% Cu, 0.76g/t Au) from 10m ·        33m @ 0.34% CuEq1.2 (0.17% Cu, 0.19g/t Au) from 32m ·        30.9m @ 0.38% CuEq1,2 (0.24% Cu, 0.16g/t Au) from 76.3m ·        33m @ 0.41% CuEq1,2 (0.25% Cu, 0.18g/t Au) from 113.5m ·        13.5m @ 0.41% CuEq1,2 (0.29% Cu, 0.13g/t Au) from 178m - The scout drilling has confirmed that the copper and gold mineralisation extends to potentially significant depth, and also validated the effectiveness of the geophysical surveys such as chargeability, metal factor, and magnetic values as a targeting tool. #ABM #Copper #CopperMining #NickelMining #Nickel #BatteryMetals #CriticalMinerals #Exploration Read the announcement here: https://bit.ly/3BOi4sw

🔊DRILLING RECOMMENCES AT Terra Metals DANTE REEFS PROJECT • Phase 2 diamond drilling has commenced at Reef 1. Following completion of diamond drilling at Reef 1, the diamond rig will move to Reef 2. • At least 2,200m of diamond drilling is planned, with diamond core to be used for preliminary metallurgical test work, obtaining specific gravity data for mineral resource estimations, structural and mineralogical data, and extending mineralisation where reverse circulation (“RC”) drilling failed to reach target depth. • In addition, plans are currently being finalised to mobilise a RC rig to commence further infill and extensional drilling at Reefs 1 and 2. • Following drilling at Reefs 1 and 2, the RC rig will commence reconnaissance drilling at new priority copper-PGE sulphide targets across the project. • The Company plans to continue drilling for the remainder of the 2024 drilling season, with a focus on growing existing discoveries and drill testing new copper-PGE sulphide targets across the 650km2 project area. • Assay results remain pending from 22 drillholes drilled across Reef 1 (south) and the Cronus Prospect during the Company’s maiden RC drill program. Read the announcement here: https://lnkd.in/gzD8A9KH Contact: Thomas Line #investing #asx #stocks #criticalminerals #copper #PGE #sulphide #exploration #mining #drilling #WesternAustralia

Gold Basin Resources is set to commence a fully-funded Q2 reverse circulation drill program in June, targeting resource expansion and delineation at the Stealth Deposit and the Gap Zone of its Gold Basin Project in northwestern Arizona. 'The drilling will focus on the sparsely drilled and open Gap Zone situated between the high-grade Stealth and Red Cloud oxide gold deposits,' said CEO Colin Smith. 'The program aims to better define mineralization within the Gap Zone and explore the continuity and extent of the gold-bearing Stealth Fault.' The Stealth Fault, which hosts the deposits, extends for over 8 km and is a major control on gold mineralization in the area. Exploration efforts will aid in targeting for future drilling and contribute to the project's maiden NI 43-101 oxide gold resource estimate expected later this year. 'This is a critical step in advancing the project,' Smith noted. 'The results will help expand known resources and improve our understanding of the geological framework.' #mining #exploration #goldresources #resourcedevelopment @goldbasinresources

Historical drilling at the Prince Mine has enabled an Exploration Target to be estimated for this exciting polymetallic project: Zone 1 (based on +1.5% ZnEq intersections): 25-43Mt @ 1.44-1.57% Zn, 0.78-0.87% Pb, 0.3-0.4g/t Au, 37-40g/t Ag, 3.62-4.3% Mn Zone 2 (based on external +1.5% Mn intersections): 1.4-1.8Mt @ 1.21-1.31% Zn, 0.74-1.16% Pb, 0.1-0.2g/t Au, 19-36g/t Ag, 4.29-5.86% Mn Drilling mostly targeting near-mine development and was hampered by poor recoveries, so doesn’t truly elucidate lateral extensions to the replacement beds or the true grade, but still provides encouraging insights into the potential of the project. Stampede Metals looks forward to step-out drilling targeting extensions of the replacement bed mineralisation. We also look forward to further testing the gold and manganese potential of the Pioche Shale host rock, with initial indications from 2011 drilling highlighting considerable potential! Special mention to OMNI GeoX for its expert assistance with geological modelling, block modelling and estimation of the Exploration target. #exploration #mineralexploration #explorationtarget #criticalmetals #zinc #silver #gold #manganese #carbonatereplacementdeposit #sedimenthostedgold #nevada

via Stockhead Torque Metals’ belief that a large gold camp is present at its Paris project in WA’s goldfields region has been bolstered by drilling returning thick mineralised zones topping out at 26.9g/t gold. The intersection of strong #gold mineralisation at the Paris, HHH and Observation prospects is an excellent result from the ~10,000m reverse circulation drill program that was aimed at revealing extensions to recently defined gold zones as well as targets generated from recent #drilling, machine learning algorithms and geological models. It also validates contractor Topdrill’s decision to carry out drilling under a drill-for-equity agreement, which allows up to 100% of the drill costs invoiced through the issue of #TOR shares to a maximum value of $500,000. Read more: https://loom.ly/BuGTu0A #TorqueMetals #ASX

Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) has some big news from its third set of assay results obtained for two more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery. "Today we announced the biggest intersection we have to date with 39.6 metres of 4.19% CuEq," said Power Nickel CEO Terry Lynch. "This is incredibly rich in metal contained. We are expecting to deliver more of these types of holes as we finish off the last of our summer drill program. The Lion Zone is showing impressive grades and overall thickness and doing this consistently. "We are building significant tonnage for our resource model. Shortly, we will start delivering the results of the fall program where we are more than one week into our 30,000-metre fully funded fall and winter program. It is an exciting time to be a Power Nickel shareholder as together we are discovering just how big the Lion Zone can be and how important a discovery Nisk could become." #mining #resources #discovery #drilling #assayresults #silver #lead #zinc #gold #copper #polymetallic #investing

ASX Announcement: Stage Two Pinnacles Gold RC Drilling Completed. TechGen’s Managing Director, Ashley Hood, commented: “It’s been a quick and successful follow-up to the maiden high grade gold intercept at Pinnacles a couple of months ago, this program has now been safely completed by the same team and rig as stage one. There’s no better time to be following up a high grade hit while gold has never been such a strong viable position. Both executive directors were again on the rig managing this program from start to finish. The geology encountered in stage two RC drilling does match the favourable altered basalt greenstone sequence geology from hole IVRC037 that intersected the 4m @ 6.73 g/t gold from 48m, which is close to surface. The new holes drilled to date are to really test if the mineralisation carries closer to surface, down dip and along strike. The focus has been around IVRC037 and to the north as the surface geochemistry does strengthen to the north-northwest straddling the major Mt Ida Fault, with numerous localised secondary order faults. Sampling of stage two RC has been in four-metre composite samples, the stage one 6.73 g/t gold intercept has also been re-sampled in one-metre intervals, all samples are now at the laboratory, the Company does look forward to announcing these when they become available and interpretation has been completed.” Maja McGuire Andrew Jones #gold #copper #Exploration #MiningStocks #Mining #stockmarket #ASX

Empire Metals kicks off new drilling campaign at Pitfield @Empiremetalsltd #AIM #EEE. Empire Metals Ltd (AIM:EEE) has started its next major exploration programme at the Pitfield titanium project in Western Australia with drilling underway at its two main targets of Thomas and Cosgrove. Around 1,000m of Diamond Core drilling will be completed in October, Empire said, to get a better geological understanding of the weathered cap zone, including thickness, grade and shape, The thickness and TiO2 grade of the near-surface, weathered sandstone-hosted, high-purity anatase deposit will have significant positive implications for the economics of the project, it... http://ow.ly/MwLR105IcVh

Gold and base metals explorer Carawine Resources (ASX: CWX) results from shallow RC drilling at the Cable tenement have returned several significant copper and gold intervals from both the Warroo North and Waroo NE prospects, and identifying areas of copper and zinc anomalism for follow-up exploration. https://hubs.li/Q02NgTVF0

Aurumin Limited (ASX:AUN) has the reverse circulation (RC) drill spinning in a new campaign at the 881,000-ounce Central Sandstone Project in WA as the company seeks to take resources at the Sandstone #Gold Operations beyond 1 million ounces. The company plans to test up to nine new open pit targets in the RC program of around 40 holes for approximately 4,000 metres with all targets on mining leases and within 3 kilometres of the processing plant footprint. This first-pass exploration drilling is targeting multiple depositional models and styles including porphyry/intrusive hosted vein style, banded iron hosted and structural shear-style hosted mineralisation in mafic and ultramafic units. More at #Proactive #ProactiveInvestors #ASX #AUN #GoldMining #GoldStocks #MiningAustralia http://ow.ly/bFQT105oiMb