Independent Investment Research’s Post

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

St Barbara has today released the Simberi Mineral Resources and Ore Reserves Statement as at 30 June 2024. St Barbara Managing Director and CEO Andrew Strelein said: “We are delighted with the upgrading of 1.9 Moz of Mineral Resources from Inferred to Measured and Indicated, compared to our revised target of 1.5 Moz. “Proved and Probable Ore Reserves have been increased by 40%, to 2.8 Moz, on the back of our increased confidence in the underlying Mineral Resource. This upgrade ensures that our recently announced 10 Year Plus Mine Plan Outlook is completely underpinned now by Proved and Probable Ore Reserves. “With very little Inferred Mineral Resources left to convert, the focus of FY25’s 9000 m diamond drilling program shifts to expanding the Mineral Resource. Specifically, we will follow-up last year’s discovery of the Sorowar – Pigiput trend and test the sulphide potential of the Samat deposit, and explore / sterilise various areas including at Pigibo North.” #mining #goldexploration #goldmining #orereserves #mineralresources #PNG #PapuaNewGuinea #explorationdrilling #gold

🔔 Adelong Gold Ltd (ASX:ADG) Exceptional Soil Sampling Results Highlight Further Targets Near Adelong Mill 🔗 https://bit.ly/49QX9Bg Adelong Gold's Managing Director, Ian Holland, commented: "We are very encouraged with the results of this soil sampling program, which highlight the potential for extension of mineralisation to the north of the Currajong deposit within close proximity of the Adelong Mill." "The Scoping Study demonstrates an attractive commercial operation to be developed at Adelong, and so the discovery of further shallow mineralisation nearby augurs well for this project to grow further." #gold #preciousmetals #mining #exploration #goldmining #MiningStocks 

Unveiling Success: Jaurdi Gold Project Achieves Milestones Explore the triumphs of the #JaurdiGoldProject, encompassing #threeminingcenters and a cutting-edge #goldprocessingplant. This comprehensive article delves into the project's financial accomplishments and operational highlights. In a remarkable feat, #BeaconMinerals has generated an impressive revenue of $19.41 million. This financial triumph is attributed to the sale of 6,389 ounces of gold, each fetching an average price of $3,039 per ounce. The success story doesn't end here; an additional 848 ounces of gold are presently in transit, promising additional prosperity. Amidst challenges, the Jaurdi Gold Project's processing plant exhibited exceptional efficiency. During the quarter, the mill achieved a remarkable recovery rate of 92.56%, #meticulouslyprocessing 196,583 dry tonnes. This noteworthy performance underscores the project's resilience and commitment to overcoming #hurdles. Visit here at https://lnkd.in/g4PJQF_u #BeaconMineralsLtd

We are excited to have received additional #assay results from our #spodumene and #pollucite mineralised zone extension drilling at Chubb Central in the heart of the world-class #lithium province of #Québec, #Canada. Burley Minerals Managing Director and CEO, Stewart McCallion commented: “Burley Minerals are thrilled to discover this premium pollucite zone in the Main Dyke at Chubb Central, where we have already defined significant and continuous spodumene mineralisation. The pollucite mineralisation confirms a very highly evolved, high value LCT pegmatite system at Chubb Central Mineralised Zone. Significant discoveries of pollucite in LCT pegmatites are very rare and only three pollucite mines have operated in recent times - Tanco Mine (Manitoba), Sinclair Mine (Western Australia) and Bikita Mine (Zimbabwe). Pollucite has only been found in significant amounts in large, highly differentiated and evolved Lithium Caesium Tantalum pegmatite systems which bodes well for the prospectivity of the Chubb Project for further discoveries of LCT-related minerals.” “Burley benefits from having two of the key Sinclair team involved in the Chubb Project including director David Crook who oversaw the discovery through to successful mining. “The high value nature of the pollucite mineralisation can allow for direct shipment of pollucite ore without the need for processing.” Read the full ASX announcement here: 🔗 https://lnkd.in/ghveZr6C #BUR #ASXnews

How an early defined Exploration Target can clarifies the drilling and development strategy? In light of the conversion from MRE to ore reserve at the Bawdens project (Silver Mines Limited (ASX:SVL)), it makes perfect sense for Iltani Resources $ILT to focus future drilling programs at the Orient project on the high-grade core as it is the portion of the deposit, which will most likely convert to a mineable inventory and an ore reserve. Shareholders fund should not be wasted on adding mineral resource tonnes for the sake of making the deposit bigger. #ASX #silver #lead #zinc #indium #exploration #miningstocks Other companies mentioned: Argent Minerals Ltd $ARD Andean Silver $ASL Investigator Resources $IVR Sun Silver #SS1 Unico Silver $USL

How an early defined Exploration Target can clarifies the drilling and development strategy? In light of the conversion from MRE to ore reserve at the Bawdens project (Silver Mines Limited (ASX:SVL), it makes perfect sense for Iltani Resources $ILT to focus future drilling programs at the Orient project on the high-grade core as it is the portion of the deposit, which will most likely convert to a mineable inventory and an ore reserve. Shareholders fund should not be wasted on adding mineral resource tonnes for the sake of making the deposit bigger. #ASX #silver #lead #zinc #indium #exploration #miningstocks Other companies mentioned: Argent Minerals Ltd $ARD Andean Silver $ASL Investigator Resources $IVR Sun Silver #SS1 Unico Silver $USL

We are pleased to announce the maiden high-grade Mineral Resource Estimate for the Eldorado deposit in Tennant Creek:   🔹Resource Estimate: 445kt @ 4.9g/t for 69.8koz of gold 🔹Indicated Resource: 277kt @ 6.2g/t gold for 55.6koz 🔹Inferred Resource: 167kt @ 2.6g/t gold for 14.2koz 🔹High-Grade Zone: 16kt @ 67.1g/t gold for 34.5koz   This achievement boosts our Tennant Creek Project's global Mineral Resource to 2.27Mt @ 5.2g/t for 376.6koz of gold. With 80% of the Eldorado resource classified as Indicated, we're set for significant advances in our development studies.   Michael Dunbar, our Managing Director, commented: "Emmerson’s high-grade gold inventory continues rapidly growing: The completion of the maiden Eldorado Mineral Resource Estimate is another substantial step forward for Emmerson’s Tennant Creek Project as a whole, as it adds more high-grade gold ounces to the Company’s inventory, which now stands at over 370koz of gold at 5.2g/t gold with the Indicated portion of the Mineral Resource now standing at over 310koz of gold at 6.1g/t.”   Read the full announcement here ➡️ https://bit.ly/3VCrlLD   Stay tuned for more updates as we progress with our joint venture partner, Tennant Consolidated Mining Group (TCMG), towards advancing these high-grade projects into production where we will receive a 6% future gold production royalty!   #EmmersonResources #ERM #GoldMining #TennantCreek #MineralResources #GoldExploration #ASX

Cascadia Minerals Ltd.: Striking Copper and Gold in Yukon! Airing on BNN Bloomberg, May 25th & 26th – BTV-Business Television interviews emerging companies in the markets, in collaboration with Invest Yukon. Cascadia Minerals, a newly formed copper-gold exploration company, hits the ground running at its flagship Catch property. The Catch property lies within the Stikine terrane in the Yukon, an area ripe with untapped potential for copper-gold deposits. The company is a pioneer in systematically exploring this terrane, following in the footsteps of major finds in British Columbia’s Golden Triangle. With their first-ever diamond drill program yielding significant discoveries, including 116 meters of 0.31% copper and 0.30 g/t gold, Cascadia is making waves in a renowned exploration region. (TSX.V: CAM) Learn More: https://lnkd.in/ecRM4Xkk #CascadiaMinerals #CopperGoldExploration #MiningStocks #MiningNews #YukonGold #CopperStocks #GoldMining #MiningIndustry Graham Downs

In South Africa, Platinum Group Metals (PGMs) are a precious resource, predominantly found within the vast rock layers known as the Bushveld Igneous Complex. With over 70% of the world's known platinum resources nestled in this geological marvel, the region has become a focal point for PGM mining. Numerous mining houses are strategically positioned along the PGM-rich layers, known as reefs, tapping into the immense potential of this lucrative industry. As MAB GROUP, while already entrenched in the chrome industry, we are actively considering expanding our footprint into the PGM sector. The allure of South Africa's PGM industry lies not only in its abundance but also in its strategic importance in various industrial applications, from catalytic converters to jewelry and beyond. With growing global demand for PGMs, there exists a compelling opportunity for MAB GROUP to capitalize on this thriving market. By leveraging our expertise, resources, and established presence within the mining sector, we aim to carve out a significant role in the South African PGM landscape. Our strategic approach involves meticulous planning, prudent investment, and fostering mutually beneficial partnerships to ensure sustainable growth and success. As we navigate the dynamic terrain of the PGM industry, we remain committed to upholding the highest standards of environmental stewardship, community engagement, and operational excellence. Our aspiration is not only to achieve commercial success but also to contribute positively to the socio-economic fabric of the regions in which we operate. In conclusion, the exploration of opportunities within South Africa's PGM industry represents a promising avenue for MAB GROUP's expansion and diversification efforts. With our determination, expertise, and commitment to responsible mining practices, we are poised to make a meaningful impact in this thriving sector. #MABGROUP #PGMIndustry #SouthAfricaMining #DiversificationOpportunities