Northgold AB’s Post

Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) increased #gold ore reserves at the Tomingley Gold Project (TGP) by 11% to 705,000 ounces during FY24 with its annual resources and reserves statement revealing a mineral resource base in Central West New South Wales of 10 million ounces. Significantly for near-term production capabilities, 68% of the resources, or 6.8 million ounces, are classified as measured and indicated. And with exploration ongoing, including extensive drilling, at TGP as well as the Northern Molong Porphyry Project (NMPP) to the northeast, there is strong potential for further resource growth. #ASX #ALK #GoldMining #GoldProduction #MiningAustralia http://ow.ly/LJVS105HBki

Nova Minerals Limited has released an SEC-compliant resource estimate demonstrating a large increase to gold in-pit resources at its Estelle flagship to back up its proposed listing on a North American stock exchange. Neither the 5.17-million-ounce S-K 1300 or 9.9Moz JORC estimate include drilling since March last year, and Nova looks to keep adding ounces and turn to development with the backing of US capital. "The increase in the pit constrained resource highlights the extreme sensitivity to a rising gold price and improved technical parameters. The present gold bull market and further efficiencies that are being investigated through our current PFS studies continues to provide additional potential upside for the Estelle Gold Project." - Nova CEO Christopher Gerteisen #GoldMining #USResources #Investing #Commodities

Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) has completed a strong December quarter, meeting gold production guidance at its Tomingley operations in Central West New South Wales and notable advancements in exploration and infrastructure projects. At Tomingley, gold production aligned with forecasts, reaching 13,182 ounces, with site operating cash costs at A$1,464 per ounce and AISC of A$2,200 per ounce. The Tomingley Gold Extension Project (TGEP) saw a hive of activity with about 17,000 metres of infill drilling completed at the Roswell orebody – results from which will be incorporated into an updated mineral resource in the next quarter. The quarter also resulted in an updated mineral resource estimate for the Boda Deposit at the Northern Molong Porphyry Project (NMPP) to the north of Tomingley, estimated at 583 million tonnes at 0.58 g/t gold equivalent for 10.9 million ounces gold equivalent.... More at http://ow.ly/6cMf1058P1e #ASX #OTC #ALK #ALKEF #Proactive #ProactiveInvestors #AlkaneResources #Gold #MiningAustralia

Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) has taken strong strides toward upgrading the mineral resource estimate for the Kaiser deposit of the Northern Molong Porphyry Project in New South Wales. The company has now received assays for its final 12,000-metre round of reverse circulation (RC) and diamond core drilling at Kaiser, completed on a 50-metre by 50-metre grid within the existing inferred resource. This latest round of results produced the best #gold interval yet from Kaiser, with one intercept grading at 8.6 metres at 14.8 g/t gold equivalent (gold eq) from 316.4 metres, including 3.5 metres at 31.3 g/t gold eq from 318 metres and 1-metre at 62.2 g/t gold eq from 320 metres. More at #Proactive #ProactiveInvestors #ASX #OTC #ALK #ALKEF #MiningAustralia #GoldMining #GoldStocks #GoldProduction http://ow.ly/S669105m3zT

Sunstone Metals Limited (ASX:STM) managing director Patrick Duffy joins Jonathan Jackson in the Proactive studio to discuss a $2.5 million raise through the placement of 500 million new fully paid ordinary shares, priced at 0.5 cents ($0.005) each, representing a 28.6% discount to the last closing price. Additionally, 250 million options will be issued on a one-for-two basis, exercisable at a 50% premium to the offer price, subject to shareholder approval. Proceeds will be used for the preparation of a maiden mineral resource estimate (MRE) at the El Palmar Copper-Gold Project in northern Ecuador and for the Limon gold-silver discovery at the Bramaderos Gold-Copper Project, with the latter scheduled for next year. The company aims to advance partnership discussions to accelerate exploration and resource growth at both projects. Watch at #Proactive #ProactiveInvestors #GoldMining #GoldStocks #Copper #Silver https://ow.ly/mIuV50TkLc4

#ASXNews Tennant Minerals continued to focus on advancing the high-grade Bluebird copper-gold discovery at its 100%-owned Barkly Project in the Northern Territory during the quarter ended 31 December 2023. This included the ongoing Stage 3 #drilling program which is testing an expanded mineralised target footprint at Bluebird over a strike-length of more than 1.5km and from near surface to more than 400m depth. The ongoing Stage 3 drilling program continues to demonstrate the continuity of exceptional #copper and #gold grades at Bluebird. Recent results include exceptionally high-grade copper and gold intersections from the Bluebird Eastern Extension, intensely copper mineralised intersections from the Bluebird western high-grade zone and the discovery of copper mineralisation at the large Bluebird East Target zone. The Company will re-start drilling as soon as possible to continue to expand this important greenfields discovery and moves towards generating a maiden Mineral Resource. View the full report: https://bit.ly/3Ono4vM #TMS #TennantMinerals #Exploration #ASX

Tennant Minerals (ASX:TSM) has released its quarterly report highlighting how it remained focused on its 100%-owned Barkly Project in the Northern Territory and the high-grade Bluebird Copper Gold discovery Tennant says Bluebird is considered to be one of the most significant discoveries of Tennant Creek style iron-oxide hosted copper-gold mineralisation in over 20 years. 🔍 Discovery of high-grade copper-gold mineralization at the Bluebird project 🏆 First drilling program of 24 field season completed. Assay anticipated soon. 🪨 Positive metallurgical test results demonstrating high recovery rates 🖋️ Securing of $4.78m in capital for exploration “This year’s drilling and field programs will be transformational for the Company as we progress towards defining a maiden Mineral Resource and commencement of development studies. All metallurgical test work has exceeded expectations. These activities will continue to define Tennant Minerals as a key player in the rejuvenated Tennant Creek Mineral Field – a field that has already produced over 5.5Moz of gold and 700kt of copper.” Tennant Minerals CEO, Vincent Algar Quarterly Activities Report ⚡️ https://lnkd.in/gCCXaJvx

Junior gold stock Laurion Mineral Exploration (TSXV:LME) seeks to raise C$1.7 million through a flow-through private placement on a non-brokered basis. The junior miner will use the proceeds for exploration expenses over the next 18-24 months, as it pursues numerous demonstrated expansion opportunities. Laurion Mineral Exploration stock (TSXV:LME) has added 14.29 per cent year-over-year and 300 per cent over the past five years. #gold #juniorgold #goldstocks #juniormining #goldmining #stockstowatch #stocksinfocus #stocks

We’re pleased to share our latest Quarterly Activities Report, covering the period ending 30 September 2024. This quarter saw strong exploration progress at our key Chilean copper projects, Lana Corina and Fortuna.   At our Lana Corina project, results from diamond drill hole CMLCD014 expanded the mineralised interval to 454m at 0.93% copper equivalent from 90m, including high-grade zones of molybdenum. The mineralisation zone now spans 600m by 400m, reaching depths up to 870m and remains open in all directions. Preparations are also underway for drilling at the Vista Montana Prospect.   At our Fortuna project, assays from our El Quillay West Prospect yielded high-grade copper results of up to 1.83% Cu, while trenching at El Quillay South extended copper-gold mineralisation southward. Key results included 46m at 0.90% CuEq and 6m at 3.21% CuEq, further supporting the project’s potential.   We raised $2.0 million via a two-tranche equity placement, reflecting strong investor confidence in our portfolio. With a cash balance of $1.22 million, we’re well-positioned to advance our projects. In addition, we appointed Mr. Geoff McNamara as Interim Executive Chairman, succeeding Mr. Max Tuesley.   We encourage shareholders to review the full report for more insights into our progress and outlook for Q4 and beyond: https://bit.ly/48vf0Or   #CulpeoMinerals #CPO #Copper #Exploration #Chile #Mining #Resources #ChileanCopper #ASX

Nova Minerals Limited (ASX:NVA, NASDAQ:NVA) has hit more high-grade #gold mineralisation at the RPM deposit, the proposed site of a starter scalable, low-capex/high-margin operation to expand the wider district-scale Estelle Gold Project in Alaska through early cashflow. The company unearthed intersections of up to 39 metres at 5.4 g/t gold from surface in a reverse circulation drilling program focused on high-grade, near-surface mineralisation above the current resource boundary. Results from these drill holes – which all ended in gold mineralisation, indicating untapped potential – will inform the ongoing pre-feasibility study (PFS) for the RPM starter mine as well as an updated economic study for the wider Estelle Project. More at #Proactive #ProactiveInvestors #GoldMining #GoldStocks #Antimony #CriticalMinerals http://ow.ly/PlL3105M0U1