Proactive’s Post

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

We've identified multiple new lithium, gold and base metal targets at our Opaline Well Project in Western Australia. A hyperspectral study of our Opaline Project revealed excellent lithium targets in pegmatites, including linear features within granitoids. We've also identified several gold and base metal targets by processing hyperspectral data to define hydrothermal alteration minerals, which correlate well with historical mining centres along the tenement's strike. We anticipate conducting mapping and geochemical sampling during the 2024 field season. Executive Director Lindsay Franker commented: “The hyperspectral survey has returned exciting results at our Opaline Well Project. This cutting-edge technology has revealed a swarm of potential pegmatite targets, indicating significant lithium potential within the tenement. We have also discovered numerous hydrothermal alteration anomalies that indicate gold and base metal mineralisation, which corresponds to historical workings in the region. These findings represent a significant step forward in our exploration efforts, highlighting Opaline Well's potential. We look forward to the upcoming field season, when we'll conduct detailed mapping and geochemical sampling programs to validate these targets." Read the full ASX Announcement here: bit.ly/3SVYjFD #WSR #WestarResources #lithium #gold #basemetals #ASX #ASXNews #miningnews #WesternAustralia #exploration

Raiden Resources Limited (ASX:RDN) has confirmed the discovery of a new high-priority lithium target from its ongoing exploration at the Andover South Lithium Project, labelled target zone 7. "One of the key objectives of the follow up mapping program was to determine the extent of target area 1 along the western strike extent. Target area 1 is the key target for the Company in the upcoming maiden drill program, where pegmatites are characterised by high fractionation and high grade Li2O mineralisation. As a result, we have determined that the highly fractionated pegmatites on the western periphery of Target Area 1 may have been structurally offset, resulting in a north-western strike extent. This work has defined further high-priority targets which the Company will evaluate in the near future." - Raiden Resources Managing Director Dusko Ljubojevic #ASX #ASXNews #Investing #Mining #Lithium Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/gX-hzKMt

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 

Gladiator Metals Corp., a mineral exploration company focused on advancing high-grade copper projects in the Whitehorse Copper Belt, Yukon, has expanded its Whitehorse Copper Project. The company staked 55 new claims, adding 11.3 km² of tenure to encompass the Jackson Copper-Skarn prospect. The Jackson Prospect covers over 6 km of prospective strike between Cretaceous intrusive bodies and Triassic metasediments, a key control on mineralization in the region. Historical exploration revealed significant potential, with shallow drill results intersecting high-grade copper skarns, including 6.12m at 5.61% Cu, 1.03 g/t Au, and 247 g/t Ag from 55.14m. Undrilled target areas with high-grade copper skarn mineralization have also been identified, such as the Franklin Target with rock chip samples showing up to 9.4% copper and 6.36 g/t gold, and the Hamilton Target with samples revealing up to 3.48% Cu and 1.69% Cu. Gladiator Metals has begun its summer exploration program, including mapping, sampling, and planned drone magnetics, to further evaluate the potential of the Jackson Prospect. #mining #exploration #copper #yukon @gladiatormetals

Nexus Minerals Ltd (ASX:NXM) is encouraged by results from its recently completed diamond drilling program at the Bethanga Porphyry #Copper #Gold Project, 260 kilometres northeast of Melbourne in Victoria. The program, which wrapped up in April, consisted of three deep diamond drill holes across 1,516 metres and targeted magnetic and geochemical zones identified in a previous porphyry copper-gold fertility study. Geochemical and hyperspectral results from the drilling have been consistent with the presence of magmatic-hydrothermal fluids typical of such systems. Notable element concentrations included gold at 3.23 parts per million (ppm), copper (474 ppm), arsenic (9,840 ppm), bismuth (36.3 ppm) and zinc (1,900 ppm). More at #Proactive #ProactiveInvestors #ASX #NXM #Mining #BaseMetals #PreciousMetals http://ow.ly/38Ig105ykxz

American Rare Earths Limited (ASX:ARR, OTCQB:ARRNF) has generated soil sampling results of up to 6,221 parts per million (ppm) total rare earth oxide (TREO) from the Cowboy State Mine area of the Halleck Creek Rare Earth Element (REE) project in Wyoming, US. Samples represent the potential for high-grade REE mineralisation with a TREO content 64% higher than that considered in current mine planning and a recent scoping study (3,805 ppm TREO), offering an opportunity for a larger, higher-grade REE deposit close to those already established by the company. The newly identified mineralised zone has high potential to add to the recently upgraded mineral resource for the project, which sits at 2.34 billion tonnes at 3,196 ppm TREO at a 1,000 ppm TREO cut-off. More at #Proactive #ProactiveInvestors #ASX #OTCQB #ARR #ARRNF #REE #RareEarths #Mining #CriticalMinerals http://ow.ly/Kjro105p1PT

#ASXNews AuMEGA Provides Hermitage Gold and Antimony Project Update AuMEGA Metals (formerly Matador Mining Limited) is pleased to provide an update on its high-grade Hermitage gold and antimony project. • Prospecting and mapping currently underway at the Hermitage #Gold and Antimony Project. • This recent prospecting work has identified several large areas of hydrothermal alteration that host quartz-dominated hydrothermal breccias with relatively chaotic hydrothermal breccias transitioning to breccia veins containing angular wall-rock clasts away from the fault strands. • Recent #mapping and data analysis interprets the regional-scale North Limb Fault, previously identified by the Company, comprises of numerous subparallel fault splays and links that have potential to form a permeability network on a massive scale. • High-resolution airborne magnetic and very low frequency (“VLF”) geophysical survey expected is now expected in the Canadian autumn of 2024. • Staked mineral licence adjacent to the south of the Company’s Hermitage claims extend AuMEGA tenement holding along an interpreted major structural splay. • Historic Government Lake sediment geochemical studies identified the Hermitage Project area as having the largest and highest tenor antimony anomaly in the province. • Hermitage Project is in the same geological domain as the recently closed high-grade Beaver Brook Antimony mine that operated for approximately six years. • Currently evaluating the potential of historically identified uranium showings in the Hermitage Project area. • Phase one diamond drilling assays are expected in the near-term with phase two #drilling currently underway. #AAM’s Managing Director and CEO, Sam Pazuki, P.Eng, M.Fin commented: “Hermitage is one of several projects we have in our portfolio and among our top ranked exploration projects due to its structural and geological architecture. We believe this is highly prospective gold belt and prospecting work has already produced encouraging gold and antimony results over the last two years. This includes multi-gram gold in outcrop over 7 kilometres of strike and high-grade antimony from samples, supporting our belief in the discovery potential of the project. We continue to validate the highly prospective nature of the Hermitage property through our systematic and results driven reconnaissance approach to exploration.” See the full announcement: https://loom.ly/UEUjrEM #AuMEGAMetals #MiningNews #ASX #TSXV #AUM

Errawarra Resources Ltd Maps Out 1.6km Stacked Pegmatite Swarm at Andover West (ASX: ERW) Executive Chairman Tom Reddicliffe commented: “We are excited not only by the recognition of this large pegmatite swarm which lies adjacent to Azure minerals Andover project but also because we can now focus in on the lithium fertile zones within these broad pegmatite packages. We believe that we may have only hit the tip of the iceberg with these lithium fertile zones within the pegmatite packages and with their shallow dips we have the opportunity to explore for higher grades down dip. Being along strike and in proximity to the Raiden lithium pegmatites we are optimistic of our chances and keen to do some exploratory drilling.” (continues) Read our article below: https://lnkd.in/ghwWaHnq #lithium #mining #exploration #asx

ASX Announcement: Station Creek Project Antimony Exploration Planning TechGen’s Managing Director, @Ashley-Hood, commented: “ Historical diamond drill core from the 1990s, totalling approximately 450m, has been preserved at the Sation Creek project area, offering immediate and beneficial structural and geological information. The drill core from two separate holes remains in pristine condition and has seen no obvious testing. Reports suggest the initial target commodities were uranium and base metals.   The intact whole diamond core hole locations are approximately 300m from the high-grade antimony target AT1. Initial evaluation of the core will be conducted swiftly and efficiently on-site using a calibrated pXRF. Should any intersections show anomalous antimony, the corresponding trays will be logged and sent for cutting and assaying as soon as possibly practical.   Field reconnaissance work has commenced, specifically targeting the 7.05% antimony and coincident soil anomaly at AT1. This represents a significant development for the Company, especially given that no focussed exploration for antimony has been conducted in the area, with several samples previously recording +1% antimony across several targets. We recognise the positive market sentiment following China’s recent move to restrict antimony exports and the critical role of antimony in military equipment. This leaves the antimony market poised to remain buoyant in the foreseeable future.   As noted, we’re prioritising ongoing exploration to fully understand the potential of this critical project, especially given the size of the geochemistry target, outstanding high-grade rock-chips and the ever-growing critical need for antimony in Australia, the EU, and the USA. We look forward to keeping the market well informed of our immediate antimony exploration efforts.” #Antimony #CritinalMinerals #Exploration #MiningStocks #Mining #stockmarket #ASX