Noble and Canada Nickel Announce Spin-out of Mann Twp JV and Acquisition of Eastern Exploration Properties ⛏️ We are pleased to announce that we have signed a Binding Letter of Intent with Canada Nickel whereby Noble and Canada Nickel will spin-out certain mining claims into a new company to consolidate their interests in large tonnage, low grade nickel projects east of Timmins, Ontario. Highlights - Noble has exercised all underlying options with Optionors on the Mann Twp properties - Consolidation of the Canada Nickel-Noble joint venture in Mann Township into a single private company for a future public listing - Transfer by Canada Nickel of several exploration properties east of Timmins - Transfer by Noble of several mining claims and patented mineral properties to Canada Nickel, as well as the right acquire surface rights that could be used within and around the Crawford Project - Provision of certain non-dilutive exploration funding requirements to be provided to the private company by Canada Nickel - Both Canada Nickel and Noble will retain their respective NSR’s and NSR buy back rights where applicable 🔸TSX.V: NOB | FWB: NB7 l OTCQB: NLPXF🔸 Canada Nickel Company #Mining #Exploration #CanadianMining #Investing #Timmins #Ontario See the full news release ➡️ https://lnkd.in/g2VfTg_M
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Canadian 🇨🇦 Mining ⛏️ News Noble Mineral Exploration (TSXV: NOB) Announces Canada Nickel Company (TSXV: CNC) Exercising its Option on Noble’s Mann Township Property Highlights - Canada Nickel is exercising its option to earn an 80% of the Mann Township mining claims (~11,000 ha) with Noble retaining a 20% interest, - The property Includes Mann Northwest, Central and Southeast properties that cover a combined 25 km strike length of nickel-bearing ultramafic rocks, - Northwest and Central will advance to resource delineation programs while Southeast will be drilled for the first time, all during the 2024 exploration season. The option terms included: (i) Exploration expenditures of $1.7 million on the Property (completed), (ii) Cash payment to Noble of $350,000 (made), (iii) Annual cash payments to Noble of $100,000 (payments are current), (iv) Underlying NSR rights to previous claim optionors and to Noble (to be registered). (See Noble’s news releases of February 24, 2022 for a more in-depth review of the option terms.) Vance White President and CEO of Noble commenting on the exercise of the option said, “We are very pleased for Canada Nickel to be earning the 80% interest in the Mann Project, and also pleased with the exploration results encountered to date. We very much look forward to seeing how the project is to be advanced. ” 📈TSX-V: NOB - OTCQX: NLPXF - FRA: NB7📈 #Nickel #Mining #Exploration #Canada #Basemetals #CriticalMinerals #BatteryMetals #Miningstocks #Stockstowatch #Smallcapstocks #Stockmarketinvesting #Investments #Investors #TSXV #Stocks #Resource #Investing #Juniormining For more information please visit ⬇️ https://lnkd.in/gtWWgq59
Noble Announces Canada Nickel Exercising its Option on Noble’s Mann Township Property
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Silver North Resources Ltd. (TSX-V:SNAG, OTCQB:TARSF) has outlined its exploration plans in Canada's Yukon Territory for 2024 amid a surging industrial demand for silver. In an update, the Canadian company said it will get to work on its flagship Haldane Silver Property in the Keno Hill district and its Tim silver property, which is currently under option to Coeur Mining (NYSE:CDE). The Haldane property is set for a comprehensive six-hole diamond drilling program in 2024. The program aims to extend high-grade silver mineralization at the West Fault Zone, a discovery made in 2021, with initial promising results indicating significant silver, lead, and zinc grades. #TSXV #OTCQB #SNAG #TARSF More at #Proactive #ProactiveInvestors http://ow.ly/C5ny105kgvq
Silver North sets course for Yukon exploration blitz in 2024
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Due to strong #investordemand, we are pleased to announce an upsize to our previously announced non-brokered private placement and concurrent brokered private placement. The additional #funding will enable our team to implement further exploration initiatives at the Kossou #Gold Project in 2024, including extending the known mineralisation at our three main targets: the #RoadCutZone, #JaggerZone, and #KadieZone. Additionally, we look forward to initiating early-stage exploration efforts at our #Kotobi Research Permit, which covers approximately 302 km² and is also underlain by #BirimianGroup rocks. Our 2024 diamond #drillingprogram continues to progress as planned, and we remain optimistic about the future, including with the support of Luso Global Mining (Mota-Engil). TSXV:KRI #Exploration #Mining #Africa
Kobo Resources Announces Upsize to Previously Announced Non-Brokered Private Placement and Concurrent Brokered Private Placement
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via Proactive Torque Metals has established a “substantial” initial exploration target for the New Dawn Lithium Project, which is just 600 metres east of the active Bald Hill #Lithium-#Tantalum Mine operated by Mineral Resources Ltd. The conceptual target of 8-14 million tonnes grading 1.0-1.2% lithium oxide (Li2O) highlights the potential for continued mineralisation along the New Dawn trend and guides #TOR toward an initial mineral resource estimate. What’s more, the JORC 2012-compliant exploration target only encompasses 40% of two development-ready #mining licences, with scope for expansion as it excludes other prospective areas within the leases and in surrounding tenements. Learn more: https://loom.ly/rDRF_QE #TorqueMetals #ASX
Torque Metals sets “substantial” initial lithium exploration target from just 40% of New Dawn
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#ASXNews Project Acquisition Completed, Lithium Drill Campaign Commences Torque Metals has completed its 100% acquisition of an extensive package of tenements, creating the Penzance Exploration Camp. Torque immediately activated an RC drill campaign at the New Dawn #Lithium Project to extend the scale of spodumene lithium bodies. • New tenement consolidation covers ~800km² across 12 wholly owned, development-ready, pre-native title mining, 4 prospecting and 26 exploration licences (7 under application) situated in the heart of the Western Australian Goldfields. • Penzance Exploration Camp is in the vicinity of quality producers such as Mineral Resources (Bald Hill and Mt Marion Lithium mines), Gold Fields (St Ives Gold mine), Karora Resources (Higginsville plant and Beta Hunt Gold and Nickel mine), plus explorers Lunnon Metals (Silver Lake-Fisher Nickel deposits) and newly listed Kali Metals. • RC #drill campaign commenced at New Dawn to extend 35 meters (cumulative thickness) of #spodumene lithium mineralised pegmatites to the North, South and at-surface mapped pegmatites to the West tracking, as previously intersected high-grade lodes underscored by: • 10m @ 1.51% Li2O, from 51m including 1m @ 3.99% Li2O, from 52m • and: 15m @ 1.17% Li2O, from 220m including 7m @ 2.12% Li2O, from 221m • and: 10m @ 1.15% Li2O, from 265m including 6m @ 1.76% Li2O, from 267m • Drill campaign comprises 4,000m of RC drilling and 1,000m of diamond drilling. #TOR’s Managing Director, Cristian Moreno comments: “We are pleased to announce completion of the acquisition of the Penzance tenement package, encompassing the New Dawn Lithium Project, strategically located 600m west of the active Bald Hill Lithium mine (ASX: MIN) in WA. “Torque’s extensive Penzance Exploration Camp is nearby to industry-leading producers: Mineral Resources, Gold Fields, Karora Resources and explorers such as Kali Metals (ASX: KM1) and Lunnon Metals (ASX: LM8), showcasing Torque's prime location and significant asset potential.” Full announcement: https://loom.ly/PY76Ie0 #TorqueMetals #ASX
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B2Gold in new Namibia gold resource discovery B2Gold Corp. says exploration drilling results at the Otjikoto Mine's Antelope deposit in Namibia, yielded positive results, indicating significant potential for the development of a new underground mine. The miner’s Chief Executive Officer, Clive Johnson, said the positive findings from the Antelope deposit, which includes the Springbok and Oryx Zones, indicate a significant opportunity for expanding gold production in the region. "These positive drill results from the Antelope deposit indicate there is potential for a possible underground development to supplement the processing of stockpiles through 2031, with the goal of increasing Otjikoto gold production levels to over 100,000 ounces per year from 2026 through 2031," he said. Despite the new findings, the phased closure of its Otjikoto Mine due to limited gold deposits in its open pit mine will commence during the first quarter of 2024 and will not be affected. The timing of these developments aligns with B2Gold's strategic objectives, as open-pit operations at Otjikoto are slated to conclude in 2025, with underground mining operations at Wolfshag continuing through 2026. https://lnkd.in/dA_9sF47 #namibia #mining #goldmine #exploration Chamber of Mines Namibia Namibia Investment Promotion and Development Board (NIPDB) #goldminingnews #miningnews #namibiamining
B2Gold in new Namibia gold resource discovery
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St George Mining Ltd is set to acquire the #Araxá #niobium #RareEarthElements (REE) project in Minas Gerais, Brazil, the world’s leading niobium-producing address. This acquisition will expand St George's portfolio of quality exploration and development projects focused on critical metals for the clean energy future. The announcement to the ASX this morning generated heightened investor interest in the stock, sending the share price up more than 32% to $0.045 per share, which equals the company's 12-month high. St George has outlined a number of attractive features of the Araxá project, including its high-grade mineralisation established during historical drilling, world-class location in Minas Gerais, its strong foundation to deliver a globally significant niobium-REE resource and its enviable development potential. More at #Proactive #ProactiveInvestors #SGQ #StGeorgeMining http://ow.ly/Jga0105EuE9
St George Mining shares jump on acquiring advanced high-grade niobium-REE project in Brazil hotspot
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🇨🇦 ⛏️ Noble Mineral Exploration (TSX-V: NOB) and Canada Nickel Company (TSX-V: CNC) Announce Spin-out of Mann Twp JV and Acquisition of Eastern Exploration Properties Highlights 🔸Noble has exercised all underlying options with Optionors on the Mann Twp properties 🔸Consolidation of the Canada Nickel-Noble joint venture in Mann Township into a single private company for a future public listing 🔸Transfer by Canada Nickel of several exploration properties east of Timmins 🔸Transfer by Noble of several mining claims and patented mineral properties to Canada Nickel, as well as the right acquire surface rights that could be used within and around the Crawford Project 🔸Provision of certain non-dilutive exploration funding requirements to be provided to the private company by Canada Nickel 🔸Both Canada Nickel and Noble will retain their respective NSR’s and NSR buy back rights where applicable Vance White, CEO of Noble said, “We felt that consolidating the eastern properties into a separate exploration company would maximize the value of the Mann Twp properties without incurring significant upfront dilution to Noble, and at the same time gain exposure to additional identified nickel sulphide targets in the Timmins camp in which Noble currently has no interest. ExploreCo will control ~1,989 mining claims totaling over 42,000 ha and will include Reaume, Mann and Newmarket Townships as well as McCool, Moody, Galna and other properties currently held by Canada Nickel. Noble will vend its interest in Project 81, together with the right to acquire surface rights over Project 81. For properties transferred from Noble to Canada Nickel, Noble will retain a 5-year exploration right to any non-nickel exploration target therein. This 5-year exploration right will be subject to an annual exploration right thereafter upon both parties’ consent. Noble intends to use its best efforts so that -upon ExploreCo going public, a portion of Noble’s holdings in ExploreCo will be distributed to Noble shareholders in order that they may have a direct benefit as ExploreCo advances all underlying properties to the development stage, although that is a future event and we cannot provide any assurances that this will be done”. 📈TSX-V 🇨🇦 NOB - OTCQX 🇺🇸 NLPXF - FRA 🇩🇪 NB7📈 #Nickel #Mining #Exploration #Canada #Basemetals #CriticalMinerals #BatteryMetals #Miningstocks #Stockstowatch #Smallcapstocks #Stockmarketinvesting #Investments #Investors #TSXV #Stocks #Resource #Investing #Juniormining For more information visit https://lnkd.in/gF9i8Z95
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St George Mining Ltd (ASX:SGQ) increased its exposure to the highly prospective Ida Fault Zone with the recent acquisition of exploration licence E15/1687. This new tenement, named ‘Prince of Wales’, extends the company's control over the Ida Fault to more than 100 kilometres. The acquisition strategically adjoins the existing Destiny Project, bolstering St George's position in the Eastern Goldfields of Western Australia. The Prince of Wales tenement spans 8 kilometres of the Ida Fault Zone, adding to the roughly 90 kilometres already encompassed by the Destiny Project's landholding. This area is notable for its geological features conducive to #lithium, #nickel and #gold mineralisation. More at #Proactive #ProactiveInvestors #ASX #SGQ #Mining #PreciousMetals #BaseMetals #CriticalMinerals http://ow.ly/3wjh1059cmR
St George Mining expands Ida Fault exposure with new tenement acquisition
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#Bougainville #News ABG grants Exploration Licence to BCL Exciting developments are set to happen in the Bougainville Mining sector following the ABG President’s announcement today of the granting of Exploration Licence EL01 over the Panguna former Special Mining Lease (SML) area to Bougainville Copper Ltd (BCL). EL01 is an exploration license, initiating advanced stage pre-feasibility and feasibility exploration activities for the Panguna Project. While this isn't a mining license, it's a key step toward overcoming obstacles hindering economic progress. The mining development stage will follow a separate application and approval process, spanning several years. The grant of EL01 to BCL marks a significant milestone that will finally settle the longstanding court proceedings between ABG and BCL. This is welcoming news given that the ABG is a major shareholder in BCL. Read full statement here: https://lnkd.in/gcemYhPY
News and Public Notices
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