Proactive’s Post

Soma Gold Corp (TSX-V:SOMA, OTCQX:SMAGF) has unveiled promising results from its initial diamond drill program and sampling at the La Aurora mine, part of its Machuca project in central Colombia. The company, in a statement, the company reported a notable drill intercept showing 8.35 grams per ton gold over 1 meter. It also highlighted the findings from underground channel sampling which revealed grades as high as 36.64 g/t gold. Machuca is located in a region known for its high-metamorphic grade gneiss and regionally extensive quartz veins, the company noted, with the La Aurora mine said to present significant #exploration opportunities. "We are pleased that the first phase of drilling intersected quartz veins where they were predicted from initial structural models of the vein system,” said Chris Buchanan, Soma vice president of exploration. More at #Proactive #ProactiveInvestors http://ow.ly/N26m105kFxi #TSXV #OTCQX #SOMA #SMAGF

Golden Metal Resources Plc (AIM:GMET) shares were on the front foot on Tuesday, up around 10% in early deals, after the explorer reported significant gold-silver-copper findings at its wholly owned Garfield project in Nevada. The company, in a statement, highlighted “bonanza grades” in its project update – measuring up to 1,225 grams per tonne (g/t) silver, including 18.35g/t gold and 1.89% copper. Specifically, it said it sees confirmation of significant porphyry and epithermal potential in the area. "The results announced today are highly significant as we have gone from high-grade copper-gold-silver results achieved over a large footprint to now multiple overlapping geological datasets which strongly confirm the presence of a significant porphyry style system driving mineralisation across the project,” chief executive Oliver Friesen said. More at #Proactive #ProactiveInvestors #AIM #GMET #GoldenMetalResources #mining #silver #copper #nevada #miningexploration http://ow.ly/tBTq105aVeI

Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) is pleased to report positive drill results from its exploration program at the Bolañitos Mine in Guanajuato State, Mexico. The 2023 program mainly focused on two areas, drilling the El Puertecito and Fortuna veins. At both areas, surface drilling intersected high-grade gold and silver mineralization near historic workings and provide opportunities to increase resources, replace reserves and extend mine life. Dan Dickson, CEO, commented, “Our track record of exploration success has sustained operations at Bolañitos for over 16 years. Ongoing exploration results demonstrate our commitment to targeted and cost-effective brownfields exploration, which has been successfully extending mine life in this historically rich district. We continue to make progress year over year in understanding the regional mineralization system and remaining prospectivity at Bolañitos.” https://lnkd.in/dbHr4BpQ

Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) is pleased to report positive drill results from its exploration program at the Bolañitos Mine in Guanajuato State, Mexico. The 2023 program mainly focused on two areas, drilling the El Puertecito and Fortuna veins. At both areas, surface drilling intersected high-grade gold and silver mineralization near historic workings and provide opportunities to increase resources, replace reserves and extend mine life. Dan Dickson, CEO, commented, “Our track record of exploration success has sustained operations at Bolañitos for over 16 years. Ongoing exploration results demonstrate our commitment to targeted and cost-effective brownfields exploration, which has been successfully extending mine life in this historically rich district. We continue to make progress year over year in understanding the regional mineralization system and remaining prospectivity at Bolañitos.” https://lnkd.in/dbHr4BpQ

Canadian 🇨🇦 Mining ⛏️ News Canada Nickel Company (TSX-V: CNC) Makes New Discovery at Newmarket Property, Achieves Best Drill Results at Reid to Date and Announces Grant of Options and RSUs Highlights ➡️ First two holes at Newmarket successfully intersect target mineralization including 373 metres of 0.24% nickel in NEW24-01 ➡️ Best interval to date at first hole at Reid – 675 metres of 0.25% nickel including 142 metres of 0.32% nickel and 24 metres of 0.40% nickel in REI24-17 ➡️ First five holes at Reid each intersect over 650 metres of target mineralization within an 800-metre-thick ultramafic sequence – approximately 2 times thicker than Crawford’s Main zone Mark Selby, CEO of Canada Nickel said, “Our 2024 exploration program has started very strongly with the best drill interval to date at Reid and a new discovery at Newmarket. The long drill interval of higher-grade material at Reid is very encouraging and the first section delineating an over 800 metre width of target ultramafic sequence – nearly 2 times thicker than Crawford – highlights the very large-scale potential of this property.” “The initial Newmarket results are also very encouraging, despite the fact we were only able to drill at the least attractive geophysical target due to seasonal logistical constraints. This initial drilling occurred on the edge of the eastern end of the 7-km long Newmarket target, which is contiguous with the Mann Southeast target and is part of an overall geophysical target more than three times larger than Crawford,” continued Mark. 📈TSX-V: CNC - OTCQX: CNIKF📈 #NetZeroMetals #Nickel #Mining #Exploration #Canada #Nickelmining #Basemetals #CriticalMinerals #BatteryMetals #Miningstocks #Nickelstocks #Stockstowatch #Smallcapstocks #Stockmarketinvesting #Investments #Investors #Nickelinvestment #TSXV #Stocks #Resource #Investing #Juniormining #EV #Greentech #Carboncapture #IPT #carbocredits For more information please visit https://lnkd.in/g7uv4sSb

Forrestania Resources Ltd (ASX:FRS) has enhanced the #goldpotential of its #EasternGoldfields’ Bonnie Vale project area (E15/1632) with rock chip samples grading up to 2.7 g/t and historic drilling results up to 14 g/t. The company has also reported significant historic geochem soil results of up to 354 parts per billion #gold at the prospect, which features strong zones of highly anomalous gold mineralisation.  These results from Bonnie Vale follow the recent strong results from Ada Ann, which is around 5 kilometres away, including grab samples of up to 49 g/t gold.  Bonnie Vale is close to the historic high-grade mining centre at Christmas Gift, which is within but not part of the company’s licence area, and is coincident with the same geophysical magnetic low.   More at #Proactive #ProactiveInvestors http://ow.ly/pgYi105skJE

We are extremely encouraged that ongoing exploration activities at our #KossouGoldProject continue to reveal additional mineralized shear zones, further demonstrating the significant exploration potential of this #gold project. Recent drill road access work has uncovered another mineralised shear zone just west of the known #RoadCutZone geochemical anomaly. RCZ Trench Result Highlights: ✔️ KTR082: 2.76 g/t Au over 22.0 m, incl. 22.36 g/t Au over 2.0 m ✔️ KTR084: 1.49 g/t Au over 10.0 m, and 15.80 g/t Au over 1.0 m  ✔️ KTR086: 8.56 g/t Au over 5.0 m, incl. 12.61 g/t Au over 3.0 m TSXV:KRI #Gold #Exploration #Mining #WestAfrica 

🚨Canadian 🇨🇦 Mining ⛏️ News🚨 Canada Nickel Company (TSXV: CNC) Confirms Discovery at Mann Central, Successfully Completes Initial Drilling at Mann Northwest Property Highlights 🔸A new discovery, Mann Central, successfully delineated across 2.5 kilometre strike length by six holes 🔸Three additional drill holes at previously announced Mann Northwest discovery, extended mineralization across a 2.7 kilometre strike length 🔸Mann Northwest and Mann Central are two of five targets (others are Mann Southeast, Newmarket and Reaume) each with a geophysical footprint larger than Crawford, and a combined strike length of over 25 kilometres Mark Selby, CEO of Canada Nickel said, “Mann is an exceptionally large property with ultramafic targets extending beyond the township from Reaume through Mann and into Newmarket with a combined target strike length of over 25 kilometres. All fifteen initial holes at these first two targets successfully intersected large intervals of target mineralization. This area will be a focus of our exploration program in 2024. Further details on our 2024 exploration program will be provided at a conference call on Friday, February 23rd at 11am.” 📈TSX-V: CNC - OTCQX: CNIKF📈 #NetZeroMetals #Nickel #Mining #Exploration #Canada #Nickelmining #Basemetals #CriticalMinerals #BatteryMetals #Miningstocks #Nickelstocks #Stockstowatch #Smallcapstocks #Stockmarketinvesting #Investments #Investors #Nickelinvestment #TSXV #Stocks #Resource #Investing #Juniormining #EV #Greentech #Carboncapture #IPT #carbocredits Noble Mineral Exploration To learn more please visit ⬇️ https://lnkd.in/ga48x_U8

Our experienced and dedicated #exploration team, led by Andrew Stewart is operating 3 diamond drill rigs, in pursuit of new discoveries outside the recently upgraded Kharmagtai #copper #gold Mineral Resource. It includes Xanadu Mines Ltd deep exploration programme; focused on #delivering high-impact discoveries (high-grade and large-scale mineralisation) at depth, and analogous to Oyu Tolgoi LLC / Оюу толгой ХХК Hugo North deposit (regarded as one of the world's highest-grade copper discoveries). Deep drilling programme comprises 8,000m planned + 6,000m contingent on success, with promising assays from first 2 (of 4 planned holes), delivering: 1. 600m down-dip extension to Kharmagtai’s largest deposit, White Hill, including - Several zones grading 0.73% CuEq, and - Importantly providing vectors to target high-grade at depth, with - Further high priority #drilling earmarked. 2. Two broad zones of porphyry and tourmaline breccia mineralisation between Stockwork Hill and Zaraa deposits, including - Higher grade of up to 0.89% CuEq, and - Likely on the edges of a very large-scale copper gold system, with - Additional #exploration work planned post full interpretation. We are very excited to test the deep targets we’ve geologically modelled, and look forward to sharing more results soon. Deep exploration success could transform Kharmagtai, which is already poised to become Mongolia’s next large scale copper mining operation. Learn more: https://loom.ly/S6QyLEo #XanaduMines #growthstrategy #NewDiscovery #transformation #derisking #development #criticalminerals #Mongolia #XAM #ASX #TSX

Aurumin Limited (ASX:AUN) has the reverse circulation (RC) drill spinning in a new campaign at the 881,000-ounce Central Sandstone Project in WA as the company seeks to take resources at the Sandstone #Gold Operations beyond 1 million ounces. The company plans to test up to nine new open pit targets in the RC program of around 40 holes for approximately 4,000 metres with all targets on mining leases and within 3 kilometres of the processing plant footprint. This first-pass exploration drilling is targeting multiple depositional models and styles including porphyry/intrusive hosted vein style, banded iron hosted and structural shear-style hosted mineralisation in mafic and ultramafic units. More at #Proactive #ProactiveInvestors #ASX #AUN #GoldMining #GoldStocks #MiningAustralia http://ow.ly/bFQT105oiMb