Proactive’s Post

Xanadu Mines Ltd #exploration team recently encountered high-grade shallow mineralisation warranting near term follow-up, at the 100% owned Red Mountain #copper #gold project. A highlight of the discovery-focused program was maiden #drilling (comprising three diamond drill holes) at Nowie, which uncovered intervals of high-grade copper sulphide lode mineralisation: • 8m @ 1% Cu, 0.12g/t Au from 267m (OUDDH134) • 14m @ 0.75% Cu, 0.26g/t Au from 113m (OUDDH136) Interestingly, OUDDH134 also encountered a much broader interval of outcropping copper-gold porphyry stockwork mineralisation: • 120m @ 0.14%, 0.12g/t Au from 1m, • including 45m @ 0.27% Cu, 0.15g/t Au from 139m Encouragingly, these results demonstrate both the grade and scale opportunities that lie ahead for Nowie. Learn more: https://loom.ly/A18ZfL8 #XAM #XanaduMines #TSX #ASX #Mongolia

Torr Metals Inc. announced that it has received preliminary assay results from 896 of 3348 soil samples collected during its 2023 field program at its Kolos copper-gold project in British Columbia which have allowed the company to identify a three-kilometer trend of untested anomalies. The company said that these initial results returned up to 723 parts per million (ppm) copper and 473 parts per billion #gold within two newly identified envelopes of greater than 200 ppm #copper that highlight significant large-scale mineralization measuring 1,300 metres by 750 metres and 950 metres by 550 metres at the Lodi and Kirby Zones, respectively. The results showed that zones of anomalous copper and gold occur across a 3-kilometer trend which coincides with a 6-kilometer north-south trending magnetic high anomaly typically associated with major porphyry deposits. More at #Proactive #ProactiveInvestors #TSXV #TMET http://ow.ly/KiRe105eKO2

#ASXNews Bastion Minerals Limited is pleased to provide an update on its highly prospective high-grade Rare Earth Elements and Copper project in Sweden, the Gyttorp area no. 100. • Following the release of significant high grade #REE results to the ASX on 14 February 2024, today’s release provides an update on the significant high grade copper potential that exists within the property. • Four over-range samples were re-analysed, returning values of between 2.5% and 8.5% #copper, clustered in one area in the north of the property. • One of the original fifty-three samples taken by Bastion in the open ended > 500 m REE trend exceeded the upper detection for Cerium and has been re-analysed, returning 2.96% Cerium, along with 1.63% Neodymium. The trend may continue over 2 km of strike and the over-limit results for sample GYTR034 returned a significant 7.27% Total Rare Earth Elements (TREE) +Yttrium (Y). • One of the original fifty-three samples taken by Bastion in the open ended > 500 m REE trend exceeded the upper detection for Cerium and has been re-analysed, returning 2.96% #Cerium, along with 1.63% #Neodymium. The trend may continue over 2 km of strike and the over-limit results for sample GYTR034 returned a significant 7.27% Total Rare Earth Elements (#TREE) +Yttrium (Y). • Magnetic and radiometric surveys are being planned to cover the highest priority areas, to better define the extent and quantum of magnetite skarn, mineralisation and to locate potential drill targets. Commenting on the latest results, #BMO Executive Chairman, Mr Ross Landles, said: “Bastion is pleased to provide these updated copper values, for samples which previously exceeded the upper detection limit for copper during the initial rock chip sampling program (Refer ASX Announcement 21 December, 2023). These results confirm high copper grades from 2.5 to 8.5%, associated with chalcopyrite in historical magnetite skarn mine workings sampled over a distance of 80 m, and open in both directions.” Full announcement: https://bit.ly/4c4HdNo #BastionMinerals #RareEarths #ASX

#ASXNews Stelar Metals is pleased to provide an update for the three months ending 30 June 2024. #SLB recommenced mapping and surfacing sampling exploration activities at the Baratta Copper Project in South Australia, which is highly prospective for sediment-hosted copper mineralisation akin to the Central African Copperbelt. • Geological mapping and surface sampling recommenced at Baratta to test multiple historically identified #copper anomalies. • Copper identified in soil samples along strike-extensive gossans, with pXRF results up to 2% copper. • 77 rock chip samples submitted for multi-element laboratory analysis along a 3.4km striking portion of the gossan. Colin Skidmore, CEO commented: “This has been a defining quarter for Stelar, with the Company refocusing on our copper asset in South Australia. “Our systematic exploration activities at Baratta have revealed significant potential for sediment-hosted copper mineralisation.” View the full report: https://loom.ly/Lu87D6k #StelarMetals #MiningNews #ASX

Torex has just released an updated life-of-mine plan for the Morelos Complex that incorporates initial reserves from the EPO underground deposit following completion of an internal pre-feasibility study.   With the addition of EPO mineral reserves, the production profile of the Morelos Complex is now firmly established at a minimum of 450 thousand gold equivalent ounces per year through 2030 on the mineral reserve case alone. Notable highlights of the study include: ✅ EPO will be a very capital efficient mine to bring into production, with estimated upfront capex of $81.5 M ✅ Minimal upfront development required to access and connect EPO to Media Luna ✅ Close proximity to Media Luna leverages the investment in infrastructure as part of the Media Luna Project. The Guajes Tunnel, conveyor, ore handling system, paste plant, mineral processing facilities and power and water infrastructure will all be utilized for EPO ✅ The “fill the mill” goal is achieved –the combination of Media Luna production + ELG Underground + EPO results in the mill being full, with mine plan optionality, flexibility, and contingency built in ✅ Low risk brownfield project – situated within the existing, permitted footprint ✅ The timing of EPO derisks the Media Luna ramp up and complements an already robust liquidity outlook – development and the associated capital investment is scheduled to start mid-2025 and initial production expected late-2026 ✅ EPO will further complement the Company’s exposure to the copper market – with 143 million pounds at a grade of 1.29% Cu within the inaugural EPO mineral reserve of 781 koz AuEq.   Read more here: https://lnkd.in/eV7vU2Rm Minera Media Luna #TheNextTen #Morelos

#ASXNews Copper identified in soil samples along strike-extensive gossans at Baratta Stelar Metals is pleased to provide an update on the initial results of the June exploration activities at the Baratta Copper Project in South Australia. Baratta is considered highly prospective for Sediment-hosted Stratabound Copper mineralisation and is analogous to the Central African Copper Belt. • Copper mineralisation identified in soil samples along four strike-extensive gossans at Baratta. • 1,182 soil samples were collected and analysed using portable XRF in June, with pXRF results up to 2% copper. • 77 rock chip samples were submitted for multi-element laboratory analysis along a 3.4km striking portion of the gossan, with results pending. • Historic Baratta #Copper Mine produced copper ore between 1896 and 1904 from a 1.5km long zone of workings. • Copper anomalism and mineralisation at the surface are underlain by dense and magnetic bodies, increasing prospectivity at Baratta. • Baratta’s geological setting displays characteristics Stelar considers similar to those seen in the Central African Copper Belt, the world’s second-largest copper-producing province. View the announcement: https://bit.ly/4bzo7gB #SLB #StelarMetals #MiningNews #ASX

COPPER PROJECT FOR SALE OR OPTION IN CANDA: Potential for major Copper deposit: Up to 15.8% cooper in localized highly mineralized zones 2 to 4 meters in length and 1 to 2 meters in width. 3 sets of channel samples over 14.5 meters returned 2.91% copper. 25 grab samples taken from 1 to 2 meter wide vien material over a 535 meter strike length averaged 5.417% copper (0.7 to 22.5%) Six (6) showings over approximately 4 kilometers Showing: St Julien's Four samples collected by Cooper in 2000 in the vicinity of the historic mine shaft returned values greater then 10,000pmm copper (which was the detection limit for the analysis requested)thus confirming the presences of copper mineralization. Work completed by Cooper in 2001 returned copper values ranging from 0.93% to 13.2% in samples taken from vein material located on the western shore of Great St.Juline's Harbour. Douglas (1940) - 80 tons of ore were reported shipped from the site in 1904. Showing: St. Juliens #1 Sample number WJM-022: 15.8% Cu; 7.88 g/t Ag (McGrath et al., 2008) Showing: St. Juliens #2 Sample number WJM-088: 11.6% Cu (McGrath et al., 2008) Showing: St. Juliens #3 Sample number WJM-089: 5.80% Cu (McGrath et al., 2008) Showing: St. Juliens #4 Sample number WJM-023: 7.80% Cu; 6.85% Ag (McGrath et al., 2008) Showing: Coppermine Point Copper assays were up to 13% copper (Galeschuk, 2010). Like I told you guys a few years ago that uranium was going to take off copper is going for a run in the NEAR future. Get on board a great project with us before it is gone. Best of Luck, Stephen Stockley CEO and Prospector SSAF Exploration Inc. Mobile:1 (709) 424-5333 Web: www.ssafexploration.com Linkedin: https://lnkd.in/eCTiaxH8 #copper

First Four Holes at Treasure Island All Hit Abundant Sulphide Mineralization in VMS Type Targeted Zones, including up to 9.8 Meters of Quartz, Stockwork and Breccia Hosting Massive Chalcopyrite & Pyrite - https://lnkd.in/gmY-xUpk

"The Zaidan skarn Pb-Zn-Ag deposit is located in the southeast part of the Arghandab-Trin metallic zone. It is associated with basic dykes and an Oligocene granite intrusion into the Upper Triassic to Jurassic carbonates, making it a calcic skarn deposit. Skarn-type deposits are typical hydrothermal mineral deposits, where the original mineral composition of rocks is modified by hydrothermal fluids rich in lead, zinc, and associated elements. These fluids, typically sourced from deep within the Earth's crust (Batholith Arghandab), migrate through fractures and faults, encountering host rocks along their journey. As they interact with these rocks, they initiate silicification, carbonization, and propylitic alterations at the contact of the wall rocks and intrusion fluids. Silicification, the replacement of original minerals with silica, is a common alteration associated with lead and zinc deposits. This process often results in the formation of quartz veins and breccias, which serve as conduits for mineralizing fluids and can host significant concentrations of lead and zinc ores. Carbonatization is another prevalent alteration observed in proximity to lead and zinc deposits. This process involves the replacement of primary carbonate minerals with secondary carbonate minerals, such as calcite and dolomite, which can serve as important hosts for lead and zinc mineralization. Furthermore, sulfidation alterations, where sulfur-bearing minerals like pyrite and sphalerite replace pre-existing minerals, play a crucial role in concentrating lead and zinc ores. These sulfide minerals often form disseminated or massive sulfide bodies within the altered rock matrix." #OMRAN_GEOTECHNIC_COMPANY #OGC #AFGHANISTAN #MINING #LEAD_AND_ZINC

#ASXNews Stelar Metals has recently discovered primary #copper sulphide mineralisation and new high-grade copper gossans at the Baratta Copper Project in South Australia. • A new parallel copper gossan trend hosting copper sulphides and high-grade copper mineralisation discovered ~400m north of Baratta Mine trend • Primary chalcopyrite (copper sulphide) mineralisation now identified at Baratta in copper-haematite breccias indicative of a substantial primary copper mineralising system • Additional high-grade rock chip assays up to 27% copper • #SLB’s geological mapping and surface sampling continues to expand copper mineralisation at Baratta - extending along and across strike potential • Historic Baratta Copper Mine produced copper ore between 1896 and 1904 • Baratta’s geological setting displays characteristics Stelar considers similar to those seen in the Central African Copper Belt, the world’s second-largest copper-producing province View the full announcement: https://bit.ly/3ycF2s2 #StelarMetals #MiningNews #ASX