Proactive’s Post

A copper and uranium project in Lake Torrens, South Australia, could be halted due to heritage protection claims. With high-stakes resource discoveries on the line, the sector awaits the government’s decision. #Mining #Copper #Uranium #Energy #IndigenousHeritage

$EM2 - Eagle Mountain Mining Ltd (ASX:EM2) is pleased to confirm that the Renounceable Entitlement Offer pursuant to the prospectus lodged with ASIC and ASX on 29 January 2024 closed on 15 March 2024. The total amount raised under the Entitlement Offer was $4,180,095 which will enable the Company to: - Undertake field exploration activities at both the Oracle Ridge and Silver Mountain Projects. The field exploration activities will predominantly focus on Silver Mountain following the recent discovery of significant uranium, thorium and rare earths. Refer ASX announcements 29 February 2024 and 13 March 2024. - Undertake a scoping study to assess the technical and financial development for Oracle Ridge. The study will consider a simplified processing flowsheet that avoids smelting and refining beyond the mine gate. - Assess the use of an ambient noise tomography (geophysical) survey at both Silver Mountain and Oracle Ridge projects. Commenting on the results of the Entitlement Offer, Eagle Mountain Mining’s CEO, Tim Mason, said: “The Board and I are very pleased with the strong support received for the entitlement offer. The funds raised will allow us to undertake exciting exploration activities at Silver Mountain, following the recent discoveries of uranium, thorium and rare earths. The discoveries are indicative of a ‘heat engine’ driving mineralisation and alteration evident on surface. In addition, the funds raised will enable a Scoping Study to be completed on the development of Oracle Ridge which is due for completion in the September quarter of 2024. I wish to thank our loyal shareholders who continue to support Eagle Mountains activities. In particular, the Board and I wish to thank Charlie Bass, our Managing Director, who continues to show his unwavering financial support for the Company with the subscription for $1.25 million through the partial underwriting of the offer.” Read more: https://lnkd.in/db8m_KE4 $EM2 #Copper #Gold #EagleMountain #OracleRidge #Arizona Tim Mason Rick Crabb Roger Port

Sierra Nevada Gold Chases Silver Potential at Blackhawk Project in Nevada (ASX: SNX) Executive Chairman Peter Moore commented: “These results which returned up to 1270 g/t silver from Blackhawk are very promising, coming from a vast and extensive vein network. We’ve identified 22.5-line kilometres of veins at Blackhawk, but this known mineralisation has sat largely untouched since mining ceased in the area in the 1920s. We have two shallow oxide resources which have not been defined to a JORC-compliant level but this provides us the opportunity to deliver value from an existing project with further drilling and mineral resource definition.” “Our 20-hole drill program is permitted and ready to drill, providing us with the opportunity to use modern exploration techniques to potential to return further high-grade results and shape this as a company-making discovery for Sierra Nevada.” Read our article below: https://lnkd.in/gH3fJfG6 #silver #mining #exploration #nevada #asx

Western Metallica Resources Corp.: TSXV-WMS told investors it has unearthed a significant #copper discovery at Luz Maria, one of the two prospects at the Caña Brava Project in #Peru. It comes as #geochemical and drone-borne magnetometry surveys confirmed a large area of ‘potassic and phyllic alteration’, which the company described as a characteristic feature of Andean copper-molybdenum porphyry #mineralisation systems. Exploration work to date has revealed consistent copper grades up to 700 parts per mlllion copper and 600 ppm molybdenum, the company noted. “We are very excited with this new discovery in what is elephant country for porphyry exploration,” chief executive Gregory Duras said in a statement. More at #Proactive #ProactiveInvestors #TSXV #WMS #westernmetallicaResources #mining #naturalresources #gold #copper http://ow.ly/OzYO105aj9L

via Stockhead With the Bald Hill lithium mine just 600m away to the east, it’s easy to see why Torque Metals considers New Dawn ripe for #lithium prospectivity across the two mining licenses. Exploration in the last few months has identified multiple pegmatite targets at New Dawn, with the junior recently completing a 21-hole maiden #drill program that included 19 RC and two diamond holes showing peak lithium hits of up to a whopping 35 meters (cumulative) of lithium mineralised pegmatites including 10m @ 1.51% Li2O, from 51m with 1m @ 3.99% Li2O. A flurry of news is expected from the #ASX junior in the near future regarding its ongoing intensive exploration campaigns as it works towards a maiden resource estimate for lithium for the New Dawn project. Learn more: https://loom.ly/zRJMmvQ #TOR #TorqueMetals

Coverage stock Rimfire Pacific Mining Limited (ASX: RIM) (initiated @ 2.3c in 2016) has provided an important update with respect to exploration activity at the Bald Hill Prospect, located within its Broken Hill Project in NSW. RIM is currently undertaking a 6-hole/1,000-metre diamond drill program at Bald Hill, designed to test the significance of a very strong magnetic anomaly, which is interpreted to be a potential extension to previously drilled high-grade cobalt (Co) and copper (Cu) mineralisation. The Bald Hill magnetic anomaly trends NNE, dips to the southeast, and has a near-surface extent of 450 x 400 metres, extending to a vertical depth of approximately 300 metres below surface. 3D modelling suggests that the anomaly plunges to the southeast, with RIM’s 2023 diamond holes just “clipping” the top of the anomaly. Encouragingly, the first two holes in the program have successfully intersected multiple broad zones (downhole widths) of sulphide mineralisation, 100 – 200m away from previous high-grade cobalt drill intercepts (assays awaited). The project’s cobalt and copper prospectivity are highlighted by the presence of Havilah Resources’ (ASX: HAV) Mutooroo Copper Cobalt Gold Deposit 35km to the southwest of Bald Hill and Cobalt Blue’s (ASX: COB) Broken Hill Cobalt Project 10km to the south. #copper #cobalt #commodities #resources #exploration #mining #ausbiz #equities #NSW David Hutton FAusIMM

New services launched for #cobalt deposits to boost domestic prospecting, exploration and production. #Geological Surveys: Conducting detailed geological surveys to identify potential mineral deposits in a block and assess their economic viability. #Resource Assessment: Estimating the size, grade, and quality of mineral reserves through thorough exploration and sampling techniques. #Drilling: Designing a drilling program for detailed exploration. #Mine Planning: Developing optimized mine plans and extraction strategies to maximize resource recovery while minimizing environmental impact. #Mining Services: Providing expertise in various mining methods, including surface mining, underground mining, and mineral processing. #Environmental Management: Implementing sustainable practices and compliance with regulatory requirements to ensure responsible mining operations. #Consultation and Advisory: Offering strategic guidance and advice to optimize operational efficiency and mitigate risks throughout the project lifecycle. Contact for the Cobalt exploration and mining project.

Coverage stock Rimfire Pacific Mining Limited (ASX: RIM) (initiated @ 2.3c in 2016) has provided an important update with respect to exploration activity at the Bald Hill Prospect, located within its Broken Hill Project in NSW. RIM is currently undertaking a 6-hole/1,000-metre diamond drill program at Bald Hill, designed to test the significance of a very strong magnetic anomaly, which is interpreted to be a potential extension to previously drilled high-grade cobalt (Co) and copper (Cu) mineralisation. The Bald Hill magnetic anomaly trends NNE, dips to the southeast, and has a near-surface extent of 450 x 400 metres, extending to a vertical depth of approximately 300 metres below surface. 3D modelling suggests that the anomaly plunges to the southeast, with RIM’s 2023 diamond holes just “clipping” the top of the anomaly. Encouragingly, the first two holes in the program have successfully intersected multiple broad zones (downhole widths) of sulphide mineralisation, 100 – 200m away from previous high-grade cobalt drill intercepts (assays awaited). The project’s cobalt and copper prospectivity are highlighted by the presence of Havilah Resources’ (ASX: HAV) Mutooroo Copper Cobalt Gold Deposit 35km to the southwest of Bald Hill and Cobalt Blue’s (ASX: COB) Broken Hill Cobalt Project 10km to the south. #copper #cobalt #commodities #resources #exploration #mining #ausbiz #equities #NSW David Hutton FAusIMM

Exciting updates from Renforth Resources Inc. (CSE:RFR) as drilling on Victoria Battery Metals System consistently hits mineralized horizon! 🚀 6 drillholes completed in ~1800m within a 2km section of the 20km long Victoria structure. Webinar on Nov. 23 at 7pm EST for an asset overview, exploration update, and live Q&A. Catch Renforth at Mines and Money @ Resourcing Tomorrow Nov. 28-30 showcasing Surimeau Ni polymetallic property and Parbec gold deposit. Don't miss out on these milestones! 💎✨ #Renforth #Exploration #MiningNews #InvestingOpportunity #Mining #MineralExploration #ResourceInvesting #MiningFinance #MetalsandMining #InvestmentOpportunity #Commodities #PreciousMetals #MineralResources #MiningIndustry #FinancialNews #StockMarket #InvestmentStrategy #NaturalResources #Geology

via The Pick Magazine Tennant Minerals is preparing to commence its next drilling phase at the high-grade Bluebird #copper-#gold discovery in the Northern Territory. The new #drilling will include testing of multiple targets within an expanded 2.5km strike-length mineralised footprint, including the Perseverance Target - 2km west of Bluebird. Bluebird is one of multiple copper-gold targets within a 5km geophysical footprint at the company’s 100% owned Barkly Project. The new drilling phase will aim to extend the Bluebird discovery and define high-grade copper-gold mineralisation from near surface to over 400m depth and more than 800m strike-length, with the aim of defining a maiden Mineral Resource that will be sufficient to support a stand-alone mining and processing operation at Bluebird. Learn more: https://loom.ly/HELfdsc #TMS #TennantMinerals #ASX