Meeka Metals Limited’s Post

via Mining.com.au Torque Metals has amended the terms of an agreement to snap up an ‘extensive’ and strategic package of tenements adjacent to its Paris #Gold Camp in Western Australia. #TOR says under the new terms, rather than pay $1.5 million in cash upon the exercise of the option, as per the initial deal reported in September, it will now pay $600,000 in cash and $900,000 in shares — a ‘significantly’ reduced cash payment for the company. Shares are expected to be calculated on the 5-day volume weighted average price (VWAP) to the close of trade on 8 December, being just under $0.20 per share. Learn more: https://loom.ly/0miLsGk #TorqueMetals #lithium #ASX

via Mining.com.au Torque Metals has hit a new shallow #gold zone at its Paris Gold Project in Western Australia, lending further support to the potential for a large gold camp in the region. Extensional #drilling, consisting of reverse circulation and diamond drilling, focused on the previously untested 1.5km gap between the Paris and HHH pits. So far, mineralisation has been seen across roughly 500m of that gap — with results up to 16m @ 4.19 grams per tonne (g/t) gold from 66m, including 2m @ 13.12g/t gold and 2m @ 18.91g/t gold — suggesting the HHH and Paris pits may be connected. Read more: https://loom.ly/O_yXkfo #TOR #TorqueMetals #ASX

✨Great news! Our mineral resource estimate has been significantly upgraded. Click the link for details. 🔗 https://loom.ly/fBmX3aA #AnaPaula #Gold #HSTR #HSTXF #Mexico #mexicomining #goldstocks #undergroundmining #mining #goldmining #MiningNews #MiningUpdate

GWR Group (#ASX: GWR) is divesting its iron ore assets to a private explorer for $30 million cash. Discover more here.  https://lnkd.in/g22js8cR #miningnews #asx #ironore #divestment #sale #mining #australia

Gold Mining Struggles: Challenges, Costs, Solutions #automationinmining. #decliningoregrades #environmentalconcerns #financialmarkets #globalgoldminingindustry #Goldminingchallenges #goldproduction #increasingcosts #industryoutlook #innovativesolutions #newminingprojects #profitability #safehavenasset #supplychallenges #technologyinmining

Gold Co. Files Technical Report on Updated Resource in BC: https://ow.ly/mxZ550Sm0QT Thesis Gold Inc. announced it has filed a technical report for the updated mineral resource estimate for its 100%-owned Lawyers-Ranch project in the Toodoggone Mining District of Northern British Columbia. Read to see the major returns being predicted by one analyst. #gold #goldstocks #miningstocks $TAU:TSX

Gold Mining Struggles: Challenges, Costs, Solutions #automationinmining. #decliningoregrades #environmentalconcerns #financialmarkets #globalgoldminingindustry #Goldminingchallenges #goldproduction #increasingcosts #industryoutlook #innovativesolutions #newminingprojects #profitability #safehavenasset #supplychallenges #technologyinmining

Auric Mining Limited (ASX:AWJ) directors have demonstrated their confidence in the company and its #gold strategy by exercising all of their options for an injection of almost $97,000. There has been an encouraging uptake for the 16,829,135 AWJOA quoted options which are due to expire on March 31, 2024, at an exercise price of $0.15. At the close of business on Friday, March 15, 2024, there had been 2,260,178 options converted into fully paid ordinary shares for a total of $339,026.70. This includes the exercising of all 645,839 director options for a total of $96,875.85. More at #Proactive #ProactiveInvestors #ASX #AWJ #GoldMining #GoldStocks http://ow.ly/J9gE105mtKG

Ora Banda Mining Ltd (ASX:OBM) is on track to deliver the first stoping ore next month from the Riverina Underground operations in Western Australia with all capital projects complete and steady-state production expected in the June quarter. Development is ramping up as additional levels are accessed, with 575 metres in January representing a 97% increase from the July-December average of 292 metres. Pointing to a positive future, the first batch sample of Riverina development ore through the processing plant returned 16,727 tonnes at 2.74 g/t #gold and 93.9% recovery resulting in 1,383 ounces gold produced. More at #Proactive #ProactiveInvestors #ASX #OBM #GoldMining #GoldStocks #GoldProduction http://ow.ly/zhTf105gZPk

We’re pleased to advise the completion of an initial Mineral Resource Estimate for the Golden Forty Gold deposit within the Tennant Creek Mineral Field ➡️   Some highlights: - Total Mineral Resource: 935Kt @ 4.5g/t for 133,900oz of gold. - Indicated Resource: 706Kt @ 5.0g/t for 113,200oz. - Initial metallurgical sampling shows >95% gold recovery.   Michael Dunbar, our Managing Director commented, "The Golden Forty Resource has exceeded all expectations, with the recent drilling identifying a very high-grade domain which contains 77,000oz of gold at 9.3g/t and is mainly Indicated, leading to an increase to the previous JORC 2004 resource by around 300% to 133,900oz of gold.”   Development studies being progressed by our Joint Venture partner, Tennant Consolidated Mining Group, are expected to lead to a substantial increase in the current Tennant Creek Ore Reserves of 79,140oz.   Read the full announcement here ➡️ https://bit.ly/3QzJyXn   #EmmersonResources #ERM #GoldMining #ASXNews