Omai Gold Mines | TSXV: OMG | OTCQB: OMGGF’s Post

Osino, Dundee deal sealed: Osino Resources has announced that it has completed the initial tranche of its previously announced non-brokered private placement of common shares of the company to Dundee Precious Metals Inc. The company issued 4,424,779 Common Shares to DPM at a price of C$1.13 per common share for aggregate gross proceeds to the company of C$5,000,000.27. The initial tranche of the offering was completed in connection with the arrangement agreement dated 17 December, between Osino and DPM whereby DPM will acquireall of the issued and outstanding common shares of Osino pursuant to a court-approved plan of arrangement. After giving effect to the initial tranche of the Offering, DPM holds an aggregate of 8,235,379 common shares, representing approximately 4.9% of the common shares issued and outstanding on the date hereof, on a non-diluted basis. The net proceeds of the offering will be used for project activities, including engineering, drilling and other corporate purposes in accordance with Osino’s budget, as agreed with DPM pursuant to the arrangement agreement. Osino is a Canadian gold exploration and development company that was focused on the fast-tracked development of the Twin Hills Gold Project in central Namibia. The project has been described as a technically simple and economically robust open-pit gold operation with a 13-year mine life and average annual gold production of over 169,000oz per annum. Osino has a commanding ground position of over 8 000km2 located within Namibia’s prospective Damara sedimentary mineral belt, mostly in proximity to and along strike of the producing Navachab and Otjikoto Gold Mines.

Ariana Resources plc has published a revised resource estimate for the Dokwe project in Zimbabwe showing a 40% increase in gold ounces to 1.83 million. Overall, the Global JORC 2012 resource now is 55.9Mt at a grade of 1.02g/t. Of that, 1.34 million ounces (previously 1.2m oz) are in the measured and indicated category with Inferred Resources at 490,000oz (previously 23,000z). Reserves were unchanged from a 2022 pre-feasibility study at 800,000 oz but studies on pit optimisation are underway to improve this. Ariana owns 2.1% of Rockover Holding [which owns 100% of Dokwe] but has signed a conditional agreement to merge the two companies. Zack van Coller and the internal technical team prepared the new resource using data acquired from 2004 to 2023 over ten phases of drilling. An update to the earlier pre-feasibility study is underway Ariana said, with the expectation that this will form part of a future feasibility... More at #Proactive #ProactiveInvestors http://ow.ly/yzFt105wzqX

Toubani Resources Ltd (ASX:TRE) has received further promising results from targeted resource definition drilling at the Kobada Gold Project in southern Mali. Between February and May 2024, Toubani completed a focused resource definition drilling program to test key areas of near-surface oxide mineralisation within or adjacent to preliminary pit designs. The Kobada project, which hosts 2.4 million ounces of mineral resources over a 4.5-kilometre strike length, is primarily comprised of oxide and open-pittable resources. The first 54 holes demonstrated shallow high-grade mineralisation, with standout results including 71 metres at 1.86 g/t gold and 19 metres at 20.6 g/t, among the top 20 intersections at Kobada based on gram-metre metrics. More at #Proactive #ProactiveInvestors #Gold #GoldMining #OxideGold https://ow.ly/pPr550RQqBp

Emerald Resources is pleased to release the most recent results of the Company's exploration program for both Cambodia and Australia.   Since the last update, at the flagship Okvau Gold Mine activities have focused on infilling and extending the currently open pit and maiden underground resource mineralisation proximally within and beyond the reserve pit shell. Results indicate mineralisation outside the existing resource and are likely to extend the known mineralisation or upgrade the classification of inferred material, enhancing Emerald's confidence in the existing resource.   Following on from the previously announced Memot Gold Project maiden open pit inferred resource of 8Mt @ 1.84g/t Au for 470koz the Company will ramp up Stage 2 drilling activities in February 2024.   At Bullseye's North Laverton Gold Project (Emerald ~78.05%) drilling continues to demonstrate the continuity of mineralisation at depth and along strike. Emerald still expects to generate an updated resource in early 2024, with subsequent reserve estimation to support a decision to commence development activities later in the year. To date 591 collars (75,664m) of the 98,000m resource definition program has been completed, of which 388 collars (60,099m) have been drilled since Emerald acquired a controlling interest in Bullseye. 

Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the "Company" or "Chakana"), is pleased to report results from two exploration holes drilled in the Estremadoyro breccia pipe and provide an update on drilling in the Mega-Gold target area at the Soledad project, Ancash, Peru. These are the first drill results reported for the southern half of the Soledad project based on a new expanded drill permit that was approved in June 2023 and is part of the ongoing fully funded 3,000 m drill program that started April 5, 2024. "We are excited to see excellent grades at Estremadoyro, comparable to the grade of our published resource from 2022. We are also very encouraged to see bornite mineralization and mineralization extending into the wall rock away from the breccia contact. We know from our drilling that the breccia pipes are vertically extensive so these grades certainly support additional drilling in the future to determine what tonnage potential the Estremadoyro breccia may have. In addition, the drilling at Meg-Gold is progressing well with extensive alteration identified in the drilling to date. Importantly, we have confirmed that the strong induced polarization chargeability response is related to sulfides and chalcopyrite-molybdenite mineralization has been identified in all three holes thus far," stated President and CEO David Kelley. https://lnkd.in/gpg_SGdv

Oriole Resources PLC (AIM:ORR) said trench results at its 80%-owned Mbe gold project in Adamawa, Cameroon had correlated well with previously reported gold-in-soil anomalies. Grades from the three trenches included a 50m sample averaging 1.11 g/t gold in one, 68m at 0.77 g/t in the second and 20m at 2.23 g/t in the third. Results from other trenches would be released as they become available, Oriole said, and be used to target a maiden drilling programme in the 2024/2025 field season. Martin Rosser, chief executive, said: "These trenching results are highly encouraging, being over substantial widths and supporting our learned opinion that Mbe is a potentially significant gold discovery.”  BCM International Limited ('BCM') is currently funding up to US$4 million in exploration expenditure at MBe, one of five Oriole licences in a broader package of contiguous exploration prospects, the 'Eastern CLP', that cover 2,266... More at #Proactive #ProactiveInvestors http://ow.ly/e7uu105HuAr

We've received high-grade gold as well as multiple shallow and wide gold intercepts including 𝟰𝗺 𝗮𝘁 𝟮𝟮 𝗴/𝘁 𝗴𝗼𝗹𝗱 from ongoing diamond drilling at our Boundiali Gold Project in Côte d'Ivoire, West Africa. We have recently purchased a third diamond drill rig to add to our fleet, increasing drilling capacity from 2,600m per month to ~4,000m per month by late April 2024. We have a strong cash balance of $3.9 million as of 29 February 2024, with a further $3.3 million (before costs) expected following shareholder approval from the recent $7.0 million capital raise, allowing us to accelerate our Boundiali resource definition. Managing Director Dr. Caigen Wang, said: “We are very pleased to report high-grade gold intercepts including 4m @ 22.35 g/t Au from 226m (down hole) in DSDD0004, as well as multiple intersections of shallow and wide gold mineralisation from our inaugural scout drilling campaign in the two exploration tenements comprising the Boundiali Gold Project. While drilling is continuing and more assay results are pending, we are confident our aggressive diamond drilling program will firm up more targets for subsequent gold resource definition drilling through CY2024.” Read the full ASX Announcement here: https://lnkd.in/gRTs2a4n

Barton Gold (#ASX:BGD) confirms extensive #gold mineralisation at Area 51 in Tunkillia project, South Australia: Infill drilling reveals promising intersections

Read more about our results from the CY2024 Phase 1 reverse circulation drilling at the Minyari Dome Gold-Copper Project in the Paterson Province of Western Australia in the below Stockhead article ➡️ #AntipaMinerals #AZY

via Kalkine Media Australia Black Canyon Limited has identified considerable upside potential at the Balfour #Manganese Field (BMF) with the completion of two JORC 2012 Exploration Target Estimates (ETE) for the Pickering and Balfour East Targets. These targets can be evaluated and potentially upgraded to mineral resources with additional infill and exploration #drilling. The ETE across the BMF is in addition to the Global Mineral Resources totalling 314 Mt at 10.5% manganese containing 33.1 Mt of Mn at a cut-off of 7% Mn. Balfour East’s ETE expands on Balfour East’s Inferred MRE totalling 32 Mt @ 11.9% Mn. Learn more: https://loom.ly/xA6pQXc #BCA #BlackCanyon #ASX