“We are very pleased with these first results from our 2024 drill program and have doubled the size of the program to 10,000 m. https://lnkd.in/gPYiFuSr
Following completion of our Preliminary Economic Assessment for the Wenot open pit deposit in April, and a C$13m financing in June we prepared plans to drill several high potential areas on the Omai property that we believe will move us towards our goal of significantly expanding the mine plan for Omai beyond our baseline PEA, with higher annual production, a longer mine life and enhanced economics. The April PEA incorporates only 45% of the property’s Mineral Resource Estimate and much of our planned program is also targeting an expansion to our already substantial gold resources.”#miningnews#gold#juniorstocks#goldbug
Mako Gold Ltd (ASX:MKG) managing director Peter Ledwidge sits down with Jonathan Jackson in the Proactive studio to chat through the completion of a mechanical trenching program at the Tchaga North prospect within the #NapiéGoldProject in Côte d’Ivoire, covering 762 metres with samples taken at 1-metre intervals.
The trenching targeted new high-grade gold zones identified by recent field mapping and rock chip sampling, yielding high #gold concentrations (79.50 g/t, 76.10 g/t, 60.66 g/t). The zones examined included the Ladder Zone, Central Zone, Double Zone and other newly mapped areas. Mako is now awaiting assay results to further evaluate the trenches and plan subsequent drilling operations.
The trenches revealed numerous east-west oriented quartz veins and stringers in stockworks, which have not yet been tested by drilling.
Watch at #Proactive#ProactiveInvestors#GoldExplorationhttps://lnkd.in/dyCe34yT
📢New World Resources Ltd (ASX: NWC) has secured a 100% interest in another contiguous 350-acres of mineral rights at the Javelin VMS Project in Arizona, USA. ✅
📢New World’s Managing Director/ CEO, #MikeHaynes, commented:
“We were attracted to the #JavelinProject area because there had historically been high-grade production from six different VMS deposits, all located within 10km of each other.
“So, we are very pleased to have now incorporated one of those six deposits – the very high-grade Red Cloud Deposit – into the extents of this rapidly emerging project.
“We now hold a 100% interest in a deposit where previous production averaged very high grades of 6.4% copper, 2.6 g/t gold, 2.7% zinc and 23.6 g/t silver.
“And high-grade mineralisation is what we are looking for!
“Following recent claim staking, we have now secured 100% ownership of almost all of a 2.0km stretch of the geological sequence that hosts our very high-priority #DiscusCopperProspect, the very high-grade and past-producing #RedCloudDeposit, and massive sulphides at the #RudkinsProspect.
“Very limited exploration has been undertaken along this entire trend. So, this comprises a substantial addition to our pipeline of quality exploration targets – all of which provide exceptional opportunities for resource expansion.
“Because of our high conviction, we’ve already commenced work to advance this new area so that it, too, will be drill-ready in the near-term.”
New World now holds a 100% interest in almost the entire 2.0km-long corridor that is highly prospective for additional VMS mineralisation at Javelin that includes:
🔸The Discus Copper Prospect, located at the southwestern end of this trend – where a very strong, 1.2km x 1.0km, undrilled IP anomaly has been defined (and remains open to the northwest);
🔸 The high-grade Red Cloud Deposit – located 300m to the NE of Discus;
🔸 Several different locations where mineralisation outcrops at surface, with recently collected samples assaying:
🔹15.0% Cu, 3.1% Zn, 32 g/t Ag and 1.17 g/t Au; and
🔹8.1% Cu, 49 g/t Ag and 0.68 g/t Au; and
🔸 The Rudkins Prospect at the northeastern end – where massive sulphides are present.
Exploration work over this new area has commenced this week and an IP geophysical survey is planned for Q1 2024, New World will commence drill-testing the Discus Prospect in early January 2024.
🔖Read the full announcement here🔗https://lnkd.in/dQZ-HjaiTony PolglaseNick WoolrychMcKenzee Kocha#copper#VMS#exploration#investors#shareholders#DYOR#ASXNews#NWCSamso - Compelling ASX StoriesNoel Ong
Samso Media: https://lnkd.in/geb_hMZn
Our Distribution Partners: https://lnkd.in/gkvXVRd6
The Red Seagull Theory Brochure: https://bit.ly/samso0223
🎦Watch #CoffeeWithSamso Ep.189, with Mike Haynes talking about The Javelin Project before the recent announcement.
https://lnkd.in/d2-bKyYZ
Toubani Resources Ltd (ASX:TRE) CEO Phil Russo sits down with Proactive's Jonathan Jackson to talk through the high-grade oxide #gold intersections from infill drilling at the 2.4-million-ounce Kobada Gold Project in Mali. The company highlighted a significant find with a screen fire assay of 2 metres at 178 g/t gold within a broader 19-metre intersection averaging 20 g/t from a depth of 105 metres.
These results are instrumental for Toubani in converting the Kobada deposit to higher JORC-compliant confidence levels, potentially delineating higher grade zones within the deposit. Russo noted the program’s role in derisking and enhancing the value of the Kobada deposit and expressed satisfaction with the results, which align with the company’s goals of confirming significant widths and grades.
Watch at #Proactive#ProactiveInvestors#ASX#TRE#goldexploration#asxsmallcapshttps://lnkd.in/emTzN2Je
ZM: BeMetals Uncovers Extensive Copper Mineralisation in Zambian Copperbelt
BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) has announced significant copper sulphide mineralisation from three of four new core holes at the Pangeni Copper Project in Zambia.
The new analytical results reveal extensive copper zones covering more than 1.7 kilometres of strike length beneath sand cover, with the copper mineralisation exhibiting characteristics akin to those of major mines in the Domes Region of the Zambian Copperbelt.
Greatland (AIM:GGP) is pleased to announce exceptional Mineral Resource growth at Havieron, our flagship gold-copper project in the Paterson Province of Western Australia.
Estimated Mineral Resources (including Ore Reserves) increased to 8.4Moz AuEq (7.0Moz Au plus 275kt Cu), representing a 29% increase in total gold equivalent content, and 28% increase in total gold content, compared with Greatland’s 2022 Mineral Resource Estimate.
Greatland Managing Director, Shaun Day, commented:
“We are delighted by the continued growth in the Havieron Mineral Resource Estimate. The growth journey in the resource has been quite remarkable with the total gold equivalent Mineral Resource content having increased from 4.4M oz in the October 2021 MRE, to 6.5M oz in the March 2022 MRE, and now to 8.4M oz in 2023.
"The updated MRE now averages over 7,900 ounces per vertical metre (gold equivalent) over 1,000 metres vertically, which is testament to the quality of the Havieron ore body.
"The high grade South East Crescent Zone Mineral Resource is now defined over a 1,200 vertical metres (another 200 metres deeper than in the March 2022 MRE update) and remains open at depth. It was particularly pleasing to delineate additional ounces in the lower third of the current extents of the mineralised system, with around 70% of the MRE increase identified in the extensions to this part of the ore body.
"Another promising aspect of this update is the definition of the Link Zone, between the Eastern Breccia and main Havieron Breccia; whilst previously interpreted as separate domains, we have now confirmed mineralisation is continuous and the breccias are now defined as a singular continuous Breccia domain.
"This update further demonstrates the quality and scale of Havieron, and the compelling investment proposition for Greatland. We are excited to see the impact of the significant growth in the Indicated category on the updated Ore Reserve Estimate that will underpin the Feasibility Study which is ongoing and expected to be completed in 2024.”
Read more: https://loom.ly/VzxliF8#GGP#Haverion#Gold#Copper#Exploration#MiningNews
Today we published a maiden JORC resource for the Verkhuba Copper Deposit in #Kazakhstan.
⚫ 20.3Mt @ 1.16% #copper, 1.54% #zinc and 0.27% #lead
⚫ 236,000 tonnes of contained copper
⚫ Size in top 33% globally for this deposit style
⚫ Open pit development – infrastructure-rich region
⚫ Process underway for potential JV/farm-out/sale
Significant milestone!
#ORR announces its final results for the year ended 31 December 2023, as well as the date of the Company’s Annual General Meeting, which will be held at 11am BST on 24 June 2024.
At Mbe, results from 19 channel-chip samples returned mineralised intervals across all sample lines, with 11 samples grading >1g/t #gold. Best intervals included 5.00m at 2.03 g/t Au and 2.20m at 8.47g/t Au, with mineralisation continuing into the wall rock.
At Bibemi, the independently calculated maiden JORC-resource improved to 375,000 Troy oz Au, grading 2.38 g/t in the JORC Inferred category.
Earn-in agreements were completed with BCM for the Mbe and Bibemi licences, where BCM made signature payments of $1m and $0.5m, respectively, to advance each project. BCM will also invest up to $4m into exploration at each licence in return for up to a 50% interest in each.
$RPX.V intersects significant mineralization within a gap of the existing resource.
3.80g/t gold over 36.94m including 11.01g/t gold over 5.6m.
https://lnkd.in/eSvbJsB9
Country Manager at Omai Gold Mines
1wExciting times!