Mako Gold’s Post

#ASXNews Colosseum Delivers More High-Grade Gold Intercepts Dateline Resources Limited is pleased to announce further significant #gold values from #drilling results at the Colosseum Gold Mine in California. The Company currently has a diamond and RC rig operating in the south pit undertaking infill and extensional drilling. • Results received from diamond and reverse circulation drilling within the south pit, comprising infill and extensional drilling • Final results from diamond drillhole CM24-16 received, increasing the intercept from 88m to 104.7m including 104.7m @ 3.65g/t Au from 77.23m • First results from the RC program have been received, with the following significant results: •RC24-003 25.9m @ 1.92g/t Au from 57.91m including 3.05m @ 3.05g/t Au from 57.91m •RC24-004 3.05m @ 1.92g/t Au from 86.86m 3.05m @ 2.95g/t Au from 94.48m •RC24-008 74.7m @ 4.27g/t Au from 77.72m  including 27.4m @ 7.82g/t Au from 88.39m • Updated Mineral Resource Estimate underway, with an expected release in early June to be followed by mining studies Commenting on the study, #DTR’s Managing Director, Stephen Baghdadi, stated: “These drill hole results are further confirmation that the Colosseum project has delivered consistent gold grades in a wide zone. “With the updated MRE expected in the next few weeks, we plan to move quickly to determining a mine plan to extract value for our shareholders.” See the full announcement: https://loom.ly/H2NzqUA #DatelineResources #MiningNews #ASX

📣 Assays from a step out diamond drill hole extends Gem 140m down-plunge The Gem deposit is within the Kundip Mining Centre at our Ravensthorpe Gold Project. 1. The hole intercepted 7.8m @ 2.7 g/t Au, 0.1 % Cu, 0.6 g/t Ag from 449.0m (DD22KP1149) including: - 1.0m @ 11.0 g/t Au, 0.1 % Cu, 1.5 g/t Ag from 451.0m; and - 0.8m @ 8.0 g/t Au, 1.3 g/t Ag from 456.0m 2. Reported intercept from significant drill step-out situated 100m outside the defined boundaries of the existing Mineral Resource Estimate (MRE) and 140m down plunge from nearest drill hole 2. Confirms Gem mineralised system extends 400m below surface and remains open 3. Intercept located at eastern margin of interpreted plunge with follow up drilling planned to test plunge core 4. Further Mineral Resource growth expected from south-western extension of Gem deposit Managing Director, Paul Bennett, commented: “This is an extremely encouraging result, extending Gem to 400m below surface with the structure remaining open. This step out from a pre-existing hole at Harbour View and into the hanging-wall at Gem demonstrates the confidence the geology team has in the continuity of the structure. The result also confirms Gem and Harbour View continue to project toward one another at depth representing another exciting exploration target, one of many within the Kundip Mining Centre.” 👀 Read the announcement here: https://loom.ly/uFBWij8 #MM8 #MiningNews #ASX #Gold

#ICYMI Last week Anglesey Mining announced a drilling update for the Northern Copper Zone of its Parys Mountain project on the Isle of Anglesey. 🚨 Full RNS update here: https://bit.ly/3Nsbtak 📢 Key Highlights: ▪️Drilling of first drill hole into the Northern Copper Zone (NCZ001) was completed on 11th December at a depth of 635 metres, broadly in-line with the Company’s expectations. ▪️Drill hole NCZ001 was modelled to intersect two zones of potential sulphide mineralisation – the first between 365 – 510 metres, relating to the Northern Copper Zone; and the second between 610 – 620 metres interpreted to be an extension of the high-grade Garth Daniel Zone. ▪️Visual logging of NCZ001 suggests two zones of sulphide mineralisation were intersected with the Northern Copper Zone. ▪️As expected, the interpreted Northern Copper Zone has varying levels of sulphide accumulation. This was also the case with drilling in the 1970’s with the nearest hole to NCZ001 intersecting two higher grade zones of 22.9m @ 1.20% Cu (1.42% CuEq) and 85.3m @ 1.13% Cu (1.40% CuEq) within a broader zone of 146m @ 0.98% Cu (1.20% CuEq) – no gold assaying was conducted on that drill hole. ▪️The lower zone of sulphide accumulation between 560 – 586 metres demonstrates areas with very high levels of chalcopyrite, as highlighted in the picture below. ▪️Logging and sampling of NCZ001 has been ongoing since the commencement of drilling and there are c.300 samples now ready for dispatch to the assay lab, with results currently expected to be received during Q1 2024. 🚨 Full RNS update here: https://bit.ly/3Nsbtak #AngleseyMining #AYM #ParysMountain #Mining #Copper

via Mining.com.au New analysis of historic data has confirmed “high-grade” gold mineralisation at Latitude 66 Limited’s K8 prospect, within the Kuusamo Schist Belt Project in Finland. The acquired historic data complements existing #drilling results conducted by Latitude in 2022, with follow-up downhole electromagnetic survey results highlighting potential down-plunge extensions to #gold and #cobalt at the K8 prospect. Read more: https://loom.ly/rFaOGAc #LAT #Latitude66 #ASX

#congratulations #drilling #discoveries #mining #gold Zeff Reeves Ruben Angel Cahuana Ari Sergio Uribe Valdés William Henry Quispe Garcia Linton Putland Mark Connelly Susan Kerr Rob Hallam George BouAntoun Tesoro reports gold grading 173g/t in Chile TSO ASX News Metals & Mining Steel Gold Basic Materials 13 Jun 2024 12:06 (AEST) Caroline Smith The Market Online, Australia Chilean-focused explorer Tesoro Gold Ltd (ASX:TSO) news of a high-grade discovery at one of four key targets at its El Zorro Gold Project, with 173 grams per tonne identified through first pass drilling. The high-grade discovery was made during a diamond drilling campaign at the Drone Hill target, located approximately 700 metres northwest of the company’s 1.3-million-ounce Ternera gold deposit, with four targets overall being identified within a 1.5 kilometre radius of this site. At Drone Hill, shallow and high-grade gold was intersected, with results from one hole including 1.8 metres at 77.15 grams per tonne from 59.2 metres including 0.8 metres at 173.00 grams per tonne from 59.2 metres. Tesoro is awaiting results from four diamond drill holes at two other targets – two at Buzzard, and another two at Ternera East – with these to be reported in the following weeks. Managing director Zeff Reeves said the results were impressive both in terms of strength and what they suggested about underlying mineralisation. “The exceptional results returned from first pass drilling at Drone Hill are highly encouraging and represent some of the highest grades intersected at the El Zorro Gold Project to date,” he said. “Gold discovered in these initial holes is associated with a northwest-trending fault system that also hosts high-grade mineralisation within the Ternera Gold Deposit.  “This fault system has the potential to link Ternera to Drone Hill over 700 metres of strike: we are focused on exploration at four high-priority targets to delineate additional shallow gold extending from or near to Ternera.  “Any additional resource ounces that are discovered so close to our existing deposit have the potential to meaningfully elevate the already attractive Ternera economics.”

Recent drilling by Sunstone Metals Limited (ASX:STM) at the Limon gold-silver discovery in southern Ecuador has further expanded the Central Shoot and uncovered new mineralised zones. The findings bolster the company’s work to establish a maiden mineral resource estimate at Limon. Recent drilling has continued to yield strong results, with key highlights including 50.85 metres at 1.43 g/t gold equivalent (AuEq) from 135.15 metres in hole LMDD051. This intersection includes a high-grade segment of 5 metres at 5.81 g/t AuEq, with very high silver grades reaching up to 1,610 g/t over a 0.45-metre interval. Meanwhile, drill hole LMDD048 intersected 16.35 metres at 1.06 g/t AuEq from 45 metres, further expanding the Central Shoot and identifying new shallow mineralised areas south of the initial discovery. More at #Proactive #ProactiveInvestors #STM #ASX #Mining #Gold #PreciousMetals http://ow.ly/sCEc105GgZ9

C29 Metals Ltd (ASX:C29)’s first-ever reverse circulation (RC) drill program at Mayfield Copper-Gold Project, in the globally recognised Mt Isa Inlier of northwest Queensland, has yielded some promising results. The program kicks off a comprehensive exploration strategy for the company, focused on unveiling the full potential of the 100% owned asset. The seven deep RC holes, each surpassing 250 metres in depth, hit some substantial copper mineralisation with gold as well. Among the highlights was a standout intersection of 12 metres at 1.55% copper and 0.17 parts per million (ppm) gold from a depth of 48 metres, including a high-grade section of 3 metres at 4.88% copper and 0.40ppm gold from 56 metres. More at #Proactive #ProactiveInvestors #ASX #C29 #Mining #Copper #Copper-Gold #BaseMetals #PreciousMetals http://ow.ly/PmTJ105jYxa

We've received exciting assay results from the first eight holes of our inaugural 31-hole diamond drilling campaign at the Boundiali BM tenement, which is part of our Boundiali Gold Project in Côte d'Ivoire, West Africa.   The campaign covered 4,876.9m in an area with extensive artisanal workings, returning gold intercepts including 16m at 1.24 g/t Au and 7.39m at 1.94 g/t Au. Additional assay results from the BM tenement are pending, while drilling at the BD tenement is currently underway. We own and operate two diamond drill rigs and plan to continue drilling at a rate of 2,600m per month throughout 2024.   Non-Executive Director, Dr. Caigen Wang, said: “We are very excited and encouraged by these excellent results from our inaugural drill program at the BM tenement, which indicate wide gold mineralisation at multiple gold targets from shallow oxidised material from surface as well as into fresh rock.   “Thick oxidised gold mineralisation is an initial priority target for us at the Boundiali Gold Project, as it gives the potential for a low-cost, free digging mining operation for a prospective future open-pit mine resulting from our aggressive diamond drilling programs.   “The extension of wide primary gold mineralisation into fresh rock confirms our confidence in our ability to generate gold resource growth while we are drilling towards depth on multiple targets.”   Read the full ASX Announcement here: https://bit.ly/3Ubw6LU #gold #AUE #ASX #ASXNews #MiningNews #WestAfrica

Sayona Mining Limited (SYA-ASX; OTC:SYAXF) Moblan Drilling Reveals Further High-Grade Intersections On June 13, 2024, Sayona reported results from 34 new drillholes totalling 7,853m at its Moblan Lithium Project demonstrating the potential of a single, large continuous orebody. Recall Sayona had disclosed on May 27, 2024, results from 94 new drillholes totalling 20,735m (https://lnkd.in/dsTU93RW). The Moblan Lithium Project is located ~85km from the Cree (First Nations) community of Mistissini and is located within just 300 m of the Route du Nord. These latest results include up to: 41.8m @ 1.44% Li2O from 206.2m in drillhole 1331-23-515 and 40m @ 1.37% Li2O from 253m in drillhole 1331-23-516 on the New South Pegmatites (East); 39.55m @ 1.63% Li2O from 38m in drillhole 1331-23-678 on the New South Pegmatites (West); and 44.95m @ 1.56% Li2O from 81.05m in drillhole 1331-23-689 and 46.75m @ 1.49% Li2O from 197.35m in drillhole 1331-23-689 on the Moleon Pegmatites. The new drilling results illustrate the potential connection between the Main, South, New South, Inter and Moleon sectors within a single extensive lithium mineralised system and shall potentially have a positive impact on the geological continuities of an updated mineral resource estimate. The footprint of the Moblan mineralised system now extends over ~2.3km E-W, ~1.2km N-S and to depth of ~450m from surface and bounded by a NE-trending shear zone in the west. See end of:  https://lnkd.in/gtgiQ7zV   https://lnkd.in/d3TsDDSz #quebec #jamesbay #moblan #lithium #drilling #sayona

#ASXNews AuMEGA Metals (formerly Matador Mining Limited) is pleased to provide its Quarterly Activities Report for the quarter ended 30 June 2024. • Fully funded #exploration program progressing to plan. • Highly successful Canadian winter reverse circulation (“RC”) drilling program defined three large, mineralised zones, including O-2 West at Malachite which delivered a several mineralised holes including 627 ppb #gold and 1.99% #copper from six metres, with diamond drilling now planned. • Also defined a 1.2 km anomalous trend at O-2 East to be followed up with diamond drilling. • Conducted technical workshop in Newfoundland defining 37 exploration targets including identification of nine new early-stage targets. • Spring/Summer exploration activities commenced with diamond drilling within the resource corridor, mainly at Central Zone. • The first phase of diamond #drilling was completed on 12 July 2024. Full report: https://loom.ly/UTExd7g #AAM #AUM #MiningNews #ASX #TSXV