Proactive’s Post

Results are in following the October-November 2023 drilling campaign of American Rare Earths Limited (ASX:ARR, OTCQB:ARRNF) at Overton Mountain, in the broader Halleck Creek Rare Earths Project area in Wyoming, and they have been described as "exceptional". The results, which include 11,040 parts per million (ppm) total rare earth oxide (TREO), confirm higher-grade rare earth mineralisation from surface, remaining open at depth. Major intersections from this batch reinforce the strong results recorded following diamond core drilling, and ARR is now confident of a significant measured resource. More at #Proactive #ProactiveInvestors #ASX #OTCQB #ARR #ARRNF #Mining #REE #TREO #CriticalMinerals http://ow.ly/9oPR1055Bh3

Riversgold Limited (ASX:RGL) has begun a reverse circulation (RC) drilling program at its Northern Zone Gold Project, 25 kilometres east of Kalgoorlie in the heart of Western Australia's Goldfields. The drilling is progressing well, with four holes totalling 700 metres already completed. Riversgold is prosecuting the campaign with a view to delivering a maiden gold mineral resource estimate. The gold mineralisation at Northern Zone is hosted in a porphyry intrusion, with drilled widths exceeding 100 metres in true width. In addition to the RC drilling, aircore drilling is also underway at the Northern Zone Project, where 11 holes, amounting to 783 metres, have been completed so far. The aircore drilling is designed to test the project for supergene gold, which is gold that has been chemically or mechanically transported and re-deposited near the surface. More at #Proactive #ProactiveInvestors #ASX #RGL #Mining #Gold #PreciousMetals http://ow.ly/OZEe105uwT8

Strickland Metals Ltd (ASX:STK) has kicked off a comprehensive diamond drilling program targeting gold and copper at its Rogozna Project in Serbia. The 60,000-metre campaign began with the arrival of the first two diamond drilling rigs, which started operations over the weekend. This campaign has three main objectives - extending and upgrading resources at Shanac and Copper Canyon; defining maiden resources at Medenovac and Gradina; and exploring a pipeline of high-priority targets, including those with copper-gold porphyry potential. The primary focus is on the Shanac deposit, which boasts a 4.6-million-ounce gold equivalent (Au Eq) mineral resource. Skarn-hosted mineralisation at Shanac remains open to the north, east and at depth, presenting strong potential for further expansion. More at #Proactive #ProactiveInvestors #ASX #STK #Mining #Gold #Copper #BaseMetals #PreciousMetals http://ow.ly/1Hjz105wkkA

Latin Resources Limited (ASX: LRS, OTC: LRSRF) achieves major drilling success at Colina deposit, confirming high-grade lithium mineralisation & signalling project advancement🔋🇧🇷 "With the Colina deposit infill drilling almost complete we are gearing up to run our next Mineral Resource Estimate. This update will be focused on increasing the JORC mineral classification of the existing 63.5Mt resource to enable the declaration of Mineral Reserves as part of the DFS which is currently underway" "Results from our infill drilling have closely match our existing data, confirming the robustness of our early interpretations for the Colina Pegmatites. Once the infill drilling is completed, we will refocus some of our drilling fleet back onto our high priority exploration target at Planalto, where our first drill hole intersected thick high-grade mineralisation," - Latin Resources’ Vice President of Operations - Americas Tony Greenaway #ASX #ASXNews #Investing #Mining #Lithium #Li Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/gPjeTxSE

We've commenced a three-month drilling program at our Kookaburra Gully Graphite Project (KGGP) in South Australia to further increase the resource. The drilling will focus on the northern portion of the Mining Lease (ML6460), aiming to confirm the extension of the main graphite deposit previously identified through surface observations, trenching, and electromagnetic anomalies. Additionally, the North and South Extensions of the Koppio deposit will be drilled in March 2024. This drilling follows a recent 87% increase in the Mineral Resource Estimate for KGGP, increasing to 12.26 million tonnes at 7.31% total graphitic carbon (TGC). We anticipate reaching our strategic goal of increasing the resource to support an updated feasibility study with a higher production rate and a 10-year life of mine in Q2 CY2024. The Northern drilling program involves approximately 5,000 metres of air core drilling and is expected to take 3-4 weeks, with a break for Christmas. After completing this program, the drilling rig will move to the Koppio Deposit Extensions. The drilling program aims to delineate the mineralised ore body, explore electromagnetically generated targets, and provide additional data for resource estimation and the feasibility study update. The increased KGGP resource will also allow the update of the existing feasibility study, which is targeting a far higher production rate than the 35k tpa of concentrate contained in the previous study. The updated feasibility study is scheduled for delivery in 2H CY2024. CEO Jonathon Trewartha commented: “After delivering a significant MRE upgrade at the Kookaburra Gully Graphite Project, now the second largest graphite resource on the Eyre Peninsula, we are excited to commence drilling at this previously untested area of ML6460. We are confident there is potential to materially increase our graphite resource during 2024 and continue to demonstrate why SA’s Eyre Peninsula is Australia’s Premier Graphite Province. We expect the Northern program to be finished by late January after a break for Christmas and look forward to reporting first results shortly thereafter.” Read the full ASX Announcement here: bit.ly/3tl8CsI #LincolnMinerals #GraphiteExploration #KookaburraGullyProject #ResourceExpansion #LML #ASX #ASXnews #miningnews

QMines Limited (ASX:QML) has struck #gold at the Cawarral and Mt Wheeler Goldfields within the Mt Chalmers Copper and Gold Project in Queensland, with bonanza results of 256 g/t gold in rock chips and 3 metres at 154 g/t from a single drill hole. Other bonanza-grade rock chip samples included 157 g/t, 89.4 g/t, 80.95 g/t and 156 g/t gold. The very high-grade results were revealed in a review of historical data for the Mt Chalmers Project, combining exploration work undertaken by Geopeko, Newmont Holdings, Zhong Haa Mining, Outokumpu Exploration, Marlborough Gold Mines and CRA Exploration. QML intends to conduct first-pass drilling on this new target area once scheduled drilling at the Develin Creek and Artillery Road prospects is complete. More at #Proactive #ProactiveInvestors #Gold #GoldMining #GoldStocks #BonanzaGold http://ow.ly/I8li105B8lH

@Kavango Resources plc (LSE:KAV) has announced the start of follow-up discovery drilling at its Prospect 2 target within the Hillside Gold Project, aiming to build on promising initial results. ⛏ "The next phase of discovery drilling at Hillside is extremely important for Kavango. We will follow up on the significant success we had with Hole BRDD001 at our Prospect 2 target. Our next two holes will test the projected 162m strike extent that we've mapped from surface, based on known historic and artisanal mine workings. "What is especially exciting about this target is that if we are correct, it presents both a long-term bulk-mining opportunity and the chance for a near-term higher-grade open-pit." - CEO of Kavango Resources Ben Turney #LSE #LSENews #Investing #Mining Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/eSexRUHV

#ASXNews An aircore drilling program of up to 6,000m is underway testing gold, lithium-pegmatite and Ni-Cu-Co targets across Metals Australia Ltd's Warrambie Project in WA’s northwest Pilbara. Warrambie straddles the Scholl Shear Zone, which is analogous to the Mallina Shear – host to the nearby, 10Moz, Hemi gold deposit. The drilling will also test for major lithium-pegmatites, being located just 10km east of the Andover lithium discovery.   This is the first of three drilling programs testing key exploration projects in Australia, which are highly prospective for gold and critical minerals. CEO Paul Ferguson commented: “2024 is shaping up as the most active and exciting period in Metals Australia’s history - with the three aggressive gold and critical minerals drilling and exploration programs launched at Warrambie, Big Bell North and Warrego East in Australia being advanced in parallel with our two gold and critical minerals programs underway in Canada. “Critically, our projects are all located in world-class mineralised provinces along strike from major discoveries and historical mines. We believe all our projects have potential for major new discoveries and we look forward to a period of strong news flow and results throughout the remainder of 2024 and beyond - as we look to unlock their potential and build value for MLS shareholders.” Read full #ASX Announcement here: https://bit.ly/3z3h3Mm   #gold #lithium #exploration #MLS

Touchstone Exploration Inc. (AIM:TXP, TSX:TXP, OTC:PBEGF) told investors it has made a "great start" to the year, as it reported the successful drilling of the Cascadura-2 well, which promises to significantly increase production volumes at the field in Trinidad. Drilled to a depth of 7,132 feet, Cascadura-2 was cut short of its intended 8,300 feet target depth as the company opted to preserve a significant pay section after encountering a high-pressure gas zone. Analysis of drilling data revealed a total sand thickness of around 525 feet within the targeted Herrera formation. The well, now being prepared for casing, is scheduled for production testing directly into the Cascadura natural gas facility in the third quarter. The company also noted the imminent start of drilling for the Cascadura-3 development well. More at #Proactive #ProactiveInvestors #AIM #OTC #SEE #SEEMF #mining #touchstonewexploration http://ow.ly/mYJZ105fXIC

U.S. Gold Corp. Aims to Bring the CK Gold Project Into Product Hear George Bee & Luke Norman of U.S. Gold Corp. update investors on how the CK Gold mine is progressing, their aggressive timelines for development and capital needs to get this highly promising precious metals project over the finish line The CK Gold Project was reportedly discovered in 1881, high-graded and saw limited mining. The first exploration work reported is drilling by ASARCO in 1938. Several additional rounds of drilling have been conducted since that time. In the 1972 Henrietta Mines Ltd. acquired the property and completed a comprehensive program of exploration and development. In addition to drilling, an I.P. survey, geologic mapping, geochemical sampling, and metallurgical testing were conducted (Nevin, 1973). Drilling campaigns were conducted by Saratoga since 2006 and Strathmore since 2012, with a hiatus in drill exploration until the acquisition of the project by U.S. Gold Corp. from Energy Fuels in 2014. U.S. Gold Corp. conducted drilling in 2017, 2018, 2020 and is currently concluding its 2021 drilling program, focused on data collection to support post PFS and feasibility studies in 2022. The CK Gold Project property is located in the Silver Crown mining district of southeast Wyoming, approximately 20 miles west of the city of Cheyenne, on the southeastern margin of the Laramie Range. The property comprises about 1,120 acres (2 square miles) and is 100% owned by U.S. Gold Corp. In December, 2021, the company released the project's SK-1300 Technical Report Preliminary Feasibility Study, PFS (by Gustavson Associates LLC). The project offers the company near-term, open-pit production potential as well as compelling value. https://lnkd.in/g9C9JF2e #ckgoldproject #usgoldcorp #preciousmetals #miningupdate #InvestorsUpdate #goldmining #wyomingmining #SilverCrownMining #OpenPitMining #projectdevelopment #CapitalNeeds #miningexploration #mineralresources #goldexploration #feasibilitystudy #mininginvestment #LaramieRange #miningindustry #goldproduction #MiningDiscovery