Forte Minerals Corp. (CSE:CUAU, OTCQB:FOMNF) CEO Patrick Elliot tells Proactive's Angela Harmantas that the company, has made a landmark acquisition, solidifying its position in the Peruvian mining sector. During PDAC 2024, Elliot revealed the strategic acquisition of the Altar Project, a gold exploration site adjacent to Barrick's renowned Pierina mine. This move marks a culmination of 12 years of diligent efforts by Forte's project generator, Globetrotters, showcasing their prowess in navigating the competitive landscape and governmental negotiations to secure 100% control of this high-potential area. Discovered in the late '90s by Buena Ventura, the Altar Project's initial explorations indicated significant gold deposits, with the first drilled hole yielding 131 metres of 2.55 grams of gold from the surface. Watch at #Proactive #ProactiveInvestors #CSE #OTCQB #CUAU #FOMNF http://ow.ly/4ZSR105kHvI
Proactive’s Post
More Relevant Posts
-
Coverage stock Barton Gold (ASX: BGD) has pushed the gold resource base at its 100%-owned Tunkillia Project in South Australia to 1.493 million oz (51.3Mt @ 0.91 g/t Au), with a new 115,216 oz Au Mineral Resource at Area 51 (4.98Mt @ 0.72 g/t Au). It represents the third Tunkillia JORC update in ~12 months, adding ~530,000oz Au for ~A$15/oz (on ‘all in’ basis). Approximately 55% of the resource is classified within the ‘Indicated’ category. In terms of next steps, BGD's 2024 exploration campaign will be focused on high-grade neighbouring targets at Tunkillia and Tarcoola, as well as moving towards a Scoping Study for the project. BGD maintains 100% ownership of the only regional gold mill, which gives it optionality around project development, where it is likely to target an initial 2Moz Au Resource and annualised production of ~150koz, with interim production options including leveraging its mill to treat higher-grade Tunkillia ore, and toll-treatment of regional ore. #gold #commodities #mining #resources #exploration #equities #ausbiz
To view or add a comment, sign in
-
Ecuador is considered relatively untapped in terms of exploration.
Titan Minerals Ltd (ASX:TTM) and Melanie Leighton continue to advance Dynasty Gold Project in Southern Ecuador. Read more on JustStocks. https://lnkd.in/gyiawkyf
To view or add a comment, sign in
-
#GEF Council approves key funding for #MinamataConvention to combat mercury use in Artisanal and Small-Scale Gold Mining From June 17-20, the 67th Global Environment Facility Council convened in Washington, DC, approving crucial funding for the Minamata Convention on Mercury. This includes new initiatives to reduce #mercury use in artisanal and small-scale gold mining (#ASGM), with around $18 million allocated for Reviews of the Implementation of Article 7 (RIAs), Minamata Initial Assessments (MIAs), and National Action Plans (NAPs). Executive Secretary Monika Stankiewicz emphasized the importance of these efforts, stating: "Article 7 remains a priority for national governments to ensure that artisanal and small-scale gold mining (ASGM) National Action Plans (NAPs) are living guides that engage all stakeholders in meaningful action." We are also thrilled to share the approval of several other Minamata Convention-related programs and projects to help Parties meet their obligations, including: ✅ A Global Chemical Monitoring Program to support the implementation of Stockholm and Minamata Conventions. ✅ A project to control and reduce mercury emissions from the cement industry in Brazil. ✅ An initiative to strengthen Indonesia’s reduction and elimination of mercury in the healthcare sector. 🎉 And congratulations to Carlos Manuel Rodriguez on his reappointment as CEO and Chairperson of the GEF! Read the full story here ➡️ https://lnkd.in/diVKWtH9 #MinamataConvention #67GEFCouncil #Mercury #MakeMercuryHistory #pollution
To view or add a comment, sign in
-
Following seven years of negotiations, Aboriginal corporation Djaara enters into a historic gold mining agreement with Canada's Agnico Eagle. Agnico Eagle says its first benefit-sharing agreement in Australia follows similar arrangements with indigenous groups at its home base in Ontario, Canada. The agreement, "bakaru wayaparrangu" which means "in the middle, we meet" extends Djaara influence over employment, environmental impact, and mine remediation giving 'more than just money.' To read the full article as published by Australian Broadcasting Corporation (ABC) and reported by Tyrone Dalton, please click on the link in the comments section below #miningnews #globalpartnership #selfdetermination #aboriginalaustralia #canada #victoria DJAARA Agnico Eagle Mines Limited
To view or add a comment, sign in
-
Cascadia Minerals Ltd.: Striking Copper and Gold in Yukon! Airing on BNN Bloomberg, May 25th & 26th – BTV-Business Television interviews emerging companies in the markets, in collaboration with Invest Yukon. Cascadia Minerals, a newly formed copper-gold exploration company, hits the ground running at its flagship Catch property. The Catch property lies within the Stikine terrane in the Yukon, an area ripe with untapped potential for copper-gold deposits. The company is a pioneer in systematically exploring this terrane, following in the footsteps of major finds in British Columbia’s Golden Triangle. With their first-ever diamond drill program yielding significant discoveries, including 116 meters of 0.31% copper and 0.30 g/t gold, Cascadia is making waves in a renowned exploration region. (TSX.V: CAM) Learn More: https://lnkd.in/ecRM4Xkk #CascadiaMinerals #CopperGoldExploration #MiningStocks #MiningNews #YukonGold #CopperStocks #GoldMining #MiningIndustry Graham Downs
To view or add a comment, sign in
-
We are excited to have received additional #assay results from our #spodumene and #pollucite mineralised zone extension drilling at Chubb Central in the heart of the world-class #lithium province of #Québec, #Canada. Burley Minerals Managing Director and CEO, Stewart McCallion commented: “Burley Minerals are thrilled to discover this premium pollucite zone in the Main Dyke at Chubb Central, where we have already defined significant and continuous spodumene mineralisation. The pollucite mineralisation confirms a very highly evolved, high value LCT pegmatite system at Chubb Central Mineralised Zone. Significant discoveries of pollucite in LCT pegmatites are very rare and only three pollucite mines have operated in recent times - Tanco Mine (Manitoba), Sinclair Mine (Western Australia) and Bikita Mine (Zimbabwe). Pollucite has only been found in significant amounts in large, highly differentiated and evolved Lithium Caesium Tantalum pegmatite systems which bodes well for the prospectivity of the Chubb Project for further discoveries of LCT-related minerals.” “Burley benefits from having two of the key Sinclair team involved in the Chubb Project including director David Crook who oversaw the discovery through to successful mining. “The high value nature of the pollucite mineralisation can allow for direct shipment of pollucite ore without the need for processing.” Read the full ASX announcement here: 🔗 https://lnkd.in/ghveZr6C #BUR #ASXnews
To view or add a comment, sign in
-
Why Barrick Gold Remains Interested in Pakistan’s Reko Diq Reserves Beneath the rugged terrain, sandy expanses, and arid deserts of Chagai lies one of the world’s largest undeveloped gold and copper reserves.
Why Barrick Gold Remains Interested in Pakistan’s Reko Diq Reserves
thediplomat.com
To view or add a comment, sign in
-
Press release (23 January 2024) Kopsa gold-copper resource grows 37% to 0.75 million gold-equivalent ounces, with grade increasing 10% to 1.13 grams per tonne gold-equivalent Henrik Löfberg, Interim CEO and Board member, comments: “I am excited to see Kopsa’s advancement materializing in the way Northgold’s founders had hoped it could. This increase to near 1 million ounces at a 10%-improved grade puts Kopsa on the map as a globally significant project, and solidifies its position as one of the largest undeveloped gold projects in Finland.” Mitch Vanderydt, P.Eng, MBA, Advisor and Former CEO, comments: “This result certainly landed at the top end of my expectations. At the rate they are going, the Northgold exploration team is likely only a few thousand metres of drilling away from reaching the 1 million ounce gold-equivalent milestone at Kopsa, above which economics for a stand alone mine and mill should start to look quite robust, as would be confirmed by future studies.“ Read the full release here: https://lnkd.in/de7X5PFj STO:NG | FRA:QY5 #mineralresources #goldexploration #goldmining #openpitmining #miningnews #gold #copper #goldinvestment #finland #nasdaq #sweden #europe #northgold #NG
To view or add a comment, sign in
-
Forte Minerals Corp. (CSE:CUAU, OTCQB:FOMNF) announced that it has finalized the acquisition of the Alto Ruri high sulphidation epithermal gold prospect and the Cerro Quillo porphyry #gold-#copper-#molybdenum prospect located in Perú from its strategic partner Globetrotters Resource Group. The company said the concessions were transferred to its Peruvian subsidiary Cordillera Resources Perú S.A.C., in exchange for a one-time cash payment of US$25,000. It noted that both prospects are located on a contiguous 4700-hectare block of concessions initially acquired by Globetrotters from Compañía Minera Ares S.A.C. in exchange for a 1% net smelter returns royalty interest. More at #Proactive #ProactiveInvestors #CSE #OTCQB #CUAU #FOMNF http://ow.ly/xs9K105kyUM
Forte Minerals adds to gold and copper asset base with acquisition of Perú prospects
proactiveinvestors.com
To view or add a comment, sign in
-
Discover the latest Drill Down insights featuring top gold assays from July 19-26. Snowline Gold's Rogue project in Canada delivered a standout result of 1.77 g/t gold at 449.70 meters starting from 6.80 meters depth. Alamos Gold's Island project in Ontario reported 64.67 g/t gold at 5.95 meters from a depth of 137.90 meters. Nevada King Gold's Atlanta project in Nevada yielded 5.14 g/t gold at 68.60 meters from a depth of 147.80 meters. These findings showcase the significant exploration progress and potential of these projects. Read the full insights to stay informed on recent developments in gold exploration: https://lnkd.in/gbu4fFi9 Snowline Gold Corp. (TSX-V:SGD)(OTCQB:SNWGF) Alamos Gold Inc. Nevada King Gold Corp. Freegold Ventures Limited Imperial Metals Corporation Founders Metals Inc. Aldebaran Resources Inc. (TSX V.ALDE) Southern Cross Gold Arizona Metals Far East Gold Ltd #GoldExploration #MiningIndustry #AssayResults #ExplorationInsights #MiningNews #GoldMining #MineralExploration
To view or add a comment, sign in
21,556 followers