Iltani Resources’ Post

Latin Resources Limited (ASX:LRS, OTC:LRSRF) announces completion of Colina Resource Drilling Program, with JORC Mineral Resource Estimate update in progress. Planalto exploration drilling reveals similarities to Colina ⛏️🇧🇷 "With all the assay results from the extensive infill drilling program now received, the updating of the MRE for our world class Colina Deposit is underway. Results for the infill campaign have confirmed that Colina is a very consistent deposit, with new results showing very similar pegmatite thicknesses and grades to the existing models. "In addition, the geometry of the extensive Colina pegmatite swarm has proven to be equally as consistent, with new results matching very closely with the previously modelled resource. Our independent resource consultants, SGS have been provided with the updated drilling database, and pegmatite wireframes, and the mineral estimation process is now underway. We are expecting the MRE update to be completed soon and released to the market this month. "The focus of drilling activities on site has now returned to exploration, with 4 rigs moving to the high-priority Planalto Prospect area. Early indication from the 5 new holes completed so far, are that the previously intersected high-grade pegmatites continue up dip to the west. The mineralisation intersected at Planalto is very similar to the Colina deposit, comprising very coarse grained spodumene crystals within a clean quartz and feldspar pegmatite system. "We are extremely encouraged by what we are seeing at Planalto including the close similarities to the Colina mineralisation and are eagerly awaiting more assay results from this emerging target. Planalto is a very high priority target for us given the close proximity to the Colina Deposit and proposed processing infrastructure. Any additional minable pegmatites this close to Colina could have a significant benefit in both scale and operational optionality to the proposed mine," - Latin Resources’ Vice President of Operations - Americas Tony Greenaway #ASX #ASXNews #Investing #Drilling #Lithium #Li Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/gsCfsabp

Closed-spaced shallow reverse circulation drilling aimed at converting the exploration target at Mt Malcolm Mines’ Golden Crown prospect into a maiden resource has returned visible gold in numerous intersections. Mt Malcolm Mines NL #ASX $M2M

Maximus Resources Limited (ASX:MXR, OTC:MXRRF) has confirmed the potential for further #gold mineralisation at the 8500N deposit and Paleochannel licence near Kambalda, Western Australia, having hit broad intersections of gold in the first pass of drilling. MXR drilled five reverse circulation (RC) holes over an area of historical drilling which produced #BonanzaGold results of up to 2 metres at 46.7 g/t gold from just 13 metres of depth, including a 1-metre interval at 92.6 g/t gold from 14 metres. These first five results produced results of up to 13 metres at 1.59 g/t gold from 11 metres, with a higher-grade interval of 4 metres at 3.49 g/t gold. Maximus says the drilling results offer important geological insights which will inform the next set of drilling programs at 8500N. More at #Proactive #ProactiveInvestors #ASX #MXR #MiningAustralia http://ow.ly/cgUw105JxEV

TG Metals Limited (TG Metals or the Company) (ASX:#TG6) is pleased to provide this update on exploration drilling activities at the Burmeister prospect at the Lake Johnston Li-Ni-Au Project. ▶️Initial assays received from 2024 Burmeister drilling program ▶️Best intercept to date of 23.5m @ 1.52% Li2O ▶️Thicker mineralised intercepts proving continuous up dip ▶️Highest assay result to date of 3.01% Li2O ▶️Approvals for upcoming maiden drilling program at Jaegermeister nearing completion ▶️Further RC drill assay results to follow TG Metals CEO, Mr. David Selfe stated; “These initial results from the 2024 drilling confirm Burmeister as a significant high grade spodumene lithium discovery with excellent potential as a near term major deposit. This large mineralised system continues to show upside with thick pegmatite intervals intersected up dip from the original discovery holes. The drilling program has provided sufficient core sample for our first round of metallurgical testwork which will now begin in earnest. The results of this will add to the planning for resource drill out at Burmeister. Permitting on the promising Jaegermeister prospect is progressing well with field activities nearing completion. In addition, we will be testing wider expanses of the soil anomaly with seismic geophysics to further inform the lithium pegmatite geological model and our drill targeting. We look forward to the next round of drilling on Burmeister and the first drilling on our other highly prospective targets at Jaegermeister and Tay.” #lithium #asxnews #discovery #drilling #mining #exploration #criticalminerals #WesternAustralia

#ASXNews Exceptional Results Confirm Scale and High Grade at Planalto Latin Resources Limited is pleased to provide an update on the Planalto Prospect #exploration drilling program at the Company’s 100% owned Salinas #Lithium Project in Brazil. • Latest #drilling results at the Planalto Prospect have confirmed the presence of a thick high-grade core of mineralisation which extends down dip and up-plunge to the south-west. • Drilling results included: SADD320: 16.05m @ 2.18% Li2O from 293.29m Including: 9.22m @ 2.54% Li2O from 293.29m And: 3.59m @ 2.52% Li2O from 305.14m • This high-grade zone remains open along strike on both directions, down dip as wells as up plunge where the mineralised zone is interpreted to extend closer to surface. Additional diamond drilling will be focused on testing the up-plunge extension of this emerging priority target area. • A preliminary Mineral Resource Estimate for the Planalto Prospect is scheduled for the current September quarter once all assay results have been received from the laboratory. • The additional Planalto MRE combined with the Colina MRE will confirm that the Salinas lithium project continues to grow to world class Tier one standards. #LRS Vice President of Operations - Americas, Tony Greenaway, commented: “The Planalto Prospect shows very similar mineralisation characteristics to our world class tier one Colina Deposit. While the stacked pegmatite lenses at Planalto show a shallower dip to those at Colina, the coarse grained Spodumene only mineralisation is consistent with what we see at Colina. The latest drilling has highlighted an up-dip trend to the high-grade core of mineralisation which will now become the focus of additional drilling. “We have scheduled an initial MRE for Planalto in this current September quarter of 2024, which will be based on all of the available drilling and will commence as soon as we have received all of the outstanding assay results from the laboratory.” See the full announcement: https://loom.ly/ACz8jsM #LatinResources #MiningNews #ASX

#ASXNews Up to 4,500m aircore drilling program set to commence testing priority greenstone-splay, fault-hosted #gold targets interpreted under cover at Metals Australia Ltd Big Bell North, along strike from the 5Moz Big Bell Mine and Garden Gully Projects in Western Australia’s world-class Murchison Gold Province. The Big Bell North tenements cover an extensive 337km2 area where little previous exploration has been carried out due to extensive regional soil cover and the historic lack of recognition of greenstone lithologies. Interpretation of recently completed aeromagnetic and gravity surveys has defined greenstone-splay fault priority drilling targets on both the eastern and western zones of the Big Bell North tenements.   CEO, Paul Ferguson, commented:   “The drilling program we are set to commence at our highly prospective Big Bell North gold project in Western Australia’s prolific Murchison Gold Province is the latest step in the Company’s aggressive push to unlock value from our suite of gold and critical mineral projects, which are all located in well-established mining regions in Australia and Canada.” Our Big Bell North project, where there has been no modern-day exploration, has advanced rapidly during 2024 on the back of a methodical, phased exploration approach from our geological team. This started with an extensive fixed wing aeromagnetic survey covering over 5,200-line km which yielded two interpreted shear zones of significance. We followed this up with detailed gravity survey work, which revealed the likelihood of greenstones within the shear zones. This is significant because gold mineralisation within the Murchison domain is often concentrated within such greenstone belts and is structurally controlled, thus enhancing the potential of the targets we are now set to drill.”   Read full #ASX announcement here: https://bit.ly/4hbK5uv

Aircore drilling at our Aileron project in the West Arunta is rapidly progressing and the first assay results from the program are our strongest from the region to date.   More than 10,000m of drilling was completed in the first month on site and the near surface mineralisation footprint of the Crean, Hurley and Emily carbonatites have all been expanded. At Crean, we've intersected continuous high-grade, near-surface niobium-REE mineralisation across four initial drill lines including: ✅ 52m @ 3.0% Nb2O5 from 81m, including 16m @ 6.0% Nb2O5 (EAL256) ✅ 32m @ 2.5% Nb2O5 from 67m, including 12m @ 3.3% Nb2O5 (EAL155) ✅ 15m @ 1.5% Nb2O5 from 120m, including 2m @ 3.3% Nb2O5 (EAL257)   This shallow mineralised trend at Crean now spans over 800m, appears to be strengthening to the west, and remains open.   📊 The next batch of samples from Crean, Emily, and Hurley are at the lab, with results expected in July 2024.   Our Managing Director, Will Robinson provided some insight into the upcoming work program: “The aircore rig has now moved to the untested Green and Joyce targets located east of WA1 Resources’ Luni carbonatite discovery. Drilling will start with broad spaced aircore traverses and then move to closer spaced drilling based on initial observations.   Aircore drilling is proving to be a fast, low impact and cost-effective method to discover near surface niobium-REE mineralisation in this part of the West Arunta.”   Read the full announcement here: https://bit.ly/3KWLx4M   #EncounterResources #ENR #Mining #WestArunta 

Kali Metals Ltd (ASX:KM1) has fielded positive results from the first round of reverse circulation (RC) drilling at the Spargoville Project in Western Australia, hitting up to 4 metres at 1.96% #lithium oxide (Li2O) within a larger intersection of 10 metres at 0.85% from just 7 metres. The drilling program also returned another notable result of 9 metres at 1.11% Li2O with a high-grade component of 5 metres at 1.73% from 10 metres. This program was designed as an initial reconnaissance effort to test multiple outcropping pegmatites and improve Kali’s overall understanding of the geological controls on the tenure. It confirmed that #spodumene (hard rock lithium) mineralisation is present in several shallow dipping pegmatite dykes, with numerous lithium-caesium-tantalum (LCT) hits from the Flynn-Giles prospect. More at #Proactive #ProactiveInvestors #LithiumMining #BatteryMetals #CriticalMinerals #HardRockLithium http://ow.ly/skqu105A4nt

BOA Resources (ASX:BOA) is buoyed by an encouraging drilling campaign at the Two Tanks #lithium tenement west of Mt Ida in Western Australia with pegmatites encountered that were thicker than expected. An 18-hole aircore program resulted in the drilling of 1,296 metres to follow up fertile pegmatites drilled in 2023 when intersected intervals contained up to 2,491ppm lithium oxide (Li2O). The new program returned encouraging initial results supported by rock chips and the pegmatites intersected were thicker than the company’s pre-drill estimates after geochemical modelling indicated that higher lithium grades were possible closer to the margin of the Copperfield Granite. There have been 286 samples sent to Intertek Genalysis laboratories for multi-element assay focusing on lithium mineralisation and BOA hopes that the results will confirm the observations. More at #Proactive #ProactiveInvestors #ASX #BOA #MIning #CriticalMinerals http://ow.ly/ul5U105qB66

Legacy Minerals (ASX: LGM) Kicks Off Drilling for Precious Metals at Fontenoy Project (ASX: LGM) Christopher Byrne, CEO & Managing Director, shared his enthusiasm: “We are very pleased to have a rig now spinning at the Fontenoy Project with our Alliance Partner Earth AI. The discovery of magmatic PGE-Ni-Cu mineralisation using artificial intelligence earlier this year was a breakthrough for the Fontenoy Project, with follow-up work in the form of a detailed gravity survey and soil and rock chip sampling delivering strong targets for drill testing.” “The drilling will target newly identified zones of anomalous PGEs-in-soils, which have never been drilled. These targets are also supported by coincident density highs that are thought to reflect potential PGE-bearing lithology.” “Legacy Minerals looks forward to seeing the outcomes of this drilling, which has the potential to deliver significant value for shareholders. In parallel with this work, the Legacy Minerals’ field team continues to complete generative targeting work across our portfolio and is also preparing the Drake field office and site sheds for field work programs anticipated to commence later this year.” Read our article below: https://lnkd.in/gJSRTFrK #mining #exploration #geology #stocks #markets #lgm #asx