Proactive’s Post

Closed-spaced shallow reverse circulation drilling aimed at converting the exploration target at Mt Malcolm Mines’ Golden Crown prospect into a maiden resource has returned visible gold in numerous intersections. Mt Malcolm Mines NL #ASX $M2M

An auger sampling and diamond drilling program has delineated priority targets at MPK’s Odienné South permit, which covers a 30km extent of the Sassandra Fault that hosts Predictive Discovery’s 5.4Moz Bankan gold deposit. Many Peaks Minerals (ASX:MPK) https://buff.ly/3WTxX7T #ASX

American West Metals Limited (ASX: AW1) is pleased to report on its quarterly activities for the period ending 31 March 2024. Dave O'Neill, Managing Director of American West Metals commented: “This period has seen American West Metals complete significant milestones including the delivery of the Storm maiden MRE, and the commencement of the 2024 exploration and resource expansion activities. “The maiden MRE for the Storm Project has exceeded our expectations and delivered the foundations to what we believe will be a globally significant copper district. “Within only a single season of resource drilling we have rapidly defined four robust copper deposits very close to surface: Cyclone, Chinook, Corona, and Cirrus. The setting and scale of the mineralisation gives us the opportunity to potentially mine 100% of the resource with a low-cost, high-margin open-pit mining operation “We are also very pleased to report that the drilling and exploration program for 2024 is now in full swing at Storm. “This initial phase of drilling will use the tracked RC drill rig to move quickly through the initial exploration and resource expansion areas. We believe these targets will give us strong potential for the discovery of new zones of copper mineralisation and confirmation of additional copper resources. “We have also commenced the high-powered Moving Loop Electromagnetic (MLEM) survey at Storm. This survey has the potential to generate new targets in higher resolution and at deeper levels than previous surveys, opening the area for further copper discoveries. EM surveys have proven to be a reliable targeting tool with all of the EM anomalies tested to date correlating with high-grade copper sulphides. “We look forward to strong news flow over the coming months as the drilling and geophysical programs continue.” View announcement here: https://loom.ly/9BnMDIA #ASX #AW1 #Copper

Kali Metals Ltd (ASX:KM1) has fielded positive results from the first round of reverse circulation (RC) drilling at the Spargoville Project in Western Australia, hitting up to 4 metres at 1.96% #lithium oxide (Li2O) within a larger intersection of 10 metres at 0.85% from just 7 metres. The drilling program also returned another notable result of 9 metres at 1.11% Li2O with a high-grade component of 5 metres at 1.73% from 10 metres. This program was designed as an initial reconnaissance effort to test multiple outcropping pegmatites and improve Kali’s overall understanding of the geological controls on the tenure. It confirmed that #spodumene (hard rock lithium) mineralisation is present in several shallow dipping pegmatite dykes, with numerous lithium-caesium-tantalum (LCT) hits from the Flynn-Giles prospect. More at #Proactive #ProactiveInvestors #LithiumMining #BatteryMetals #CriticalMinerals #HardRockLithium http://ow.ly/skqu105A4nt

Tennant Minerals has released its Activities Report for Quarter ended 30 June 2024.  Highlights include:   ◾ The 2024 #exploration season commenced, and the company completed its first #drilling program which comprised of 22 reverse circulation (RC) drillholes for 6,253m. The drilling successfully tested the eastern and western extents of the known high-grade copper-gold mineralisation at Bluebird and included the first new step out drilling towards the prospective Perseverance targets located 1.5km to the west of Bluebird. Samples from the drilling program have been submitted to Perth Laboratories and assay results will be collated and reported to the market on receipt. ◾ The Company received further results from ongoing metallurgical test-work of diamond drill core samples from Bluebird. Results from flotation test-work on bulk-samples, confirmed excellent flotation recoveries and high-concentrate grades of #copper and #gold. ◾ A successful capital raising of $4.78M was completed which ensures the Company can pursue its planned exploration drilling activities for 2024.   CEO Vincent Algar commented:   “This year’s drilling and field programs will be transformational for the Company as we progress towards defining a maiden Mineral Resource and commencement of development studies. All metallurgical test work has exceeded expectations. These activities will continue to define Tennant Minerals as a key player in the rejuvenated Tennant Creek Mineral Field – a field that has already produced over 5.5Moz of gold and 700kt of copper.” Read the full #TMS Quarterly Activities Report here: https://bit.ly/3WJdh3J

Aurumin Limited’s Central Sandstone Project Shines with 18m at 25.8g/t Au Intercept (ASX: AUN) Managing Director, Brad Valiukas, commented: “These are great results from a first pass exploration drilling programme. We achieved significant results at four out of seven targets; these were based on a combination of previous geochemical results and structural interpretation.” “Additionally we got a bonanza result with extensional drilling at Plum Pudding, with a top assay of 344g/t and an unexpected void, likely old workings. Plum Pudding is now a priority target for additional work so we can expand our, currently modest, 14koz Resource.” “We are focussed on the Central Sandstone Project and generating the critical mass required for future production, these results are a great step towards adding the required additional open pit material to support an operational restart.” Read our article below: https://lnkd.in/g5JUsadH #gold #mining #exploration #stocks #asx

LIBERTY STAR URANIUM & METAL (OTC:LBSR), dba Liberty Star Minerals, is gearing up for diamond core drilling at its gold and copper prospects in southeast Arizona. The company has partnered with NISS Drilling Services for the gold exploration program around Red Rock Canyon. Drilling will also extend to HMP Target 1 near the Red Rock Canyon prospect, the company said in a statement. The plan involves drilling about 250 feet per hole at Red Rock Canyon, focusing on historic drill sites previously explored for gold. Additionally, deeper drilling is scheduled for a promising area within the adjacent Hay Mountain Target 1 region. Hay Mountain contains porphyry copper, gold, molybdenum, and other commercially valuable minerals. Liberty Star believes that both project areas may contain valuable metals, including rare earth minerals associated with copper-gold-molybdenum bodies. More at #Proactive #ProactiveInvestors #OTC #LBSR http://ow.ly/RGyC1052YBR

#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

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

🚨🔊High-Grade #Lithium Hits Continue at Lake Johnston TG Metals Limited (TG Metals or the Company) (ASX:#TG6) is pleased to provide this update on exploration drilling activities at the Lake Johnston Li-Ni-Au Project. Phase Two drilling of the Burmeister lithium discovery within the Lake Johnson Project has continued to intersect spodumene bearing pegmatites with high grades of up to 2.88% Li2O. Better results include - ▶️19m @ 1.52% Li2O from 206m including 2m @ 2.53% Li2O from 209m1 and 2m @ 2.36% Li2O from 217m ▶️4.05m @ 1.74% Li2O from 132.5m (Diamond Core Tail on TGRC0009) including 0.95m @ 2.29% Li2O from 133.6m TG Metals CEO, Mr. David Selfe stated; “The high grade lithium results keep coming at Burmeister and show that we are starting to build up an understanding of this highly mineralised system. These new results will assist our targeting of thicker pegmatites and the main body of mineralisation. Our extensional drilling to the north-west of the initial discovery holes indicates thicker pegmatite intervals displaying the consistent mineralisation which is a feature of the Burmeister pegmatites. The current drilling results have grown the strike of known main zone mineralisation to 1,400 metres and it remains open in all directions. Further results of the current drilling program are due in the next few weeks and we look forward to the recommencement of drilling in January 2024.” Download the announcement here: https://bit.ly/46WL8b0 #criticalminerals #asxnews #discovery #lithium #WesternAustralia #LakeJohnston #exploration #drilling #asxnews