Proactive’s Post

East Star Resources Plc (LSE:EST) has announced high-grade findings from its drill programme at the Verkhuba copper deposit, in Kazakhstan. The results indicate promising potential for open pit mining development, the company highlighted. In an update, it reported notable intersections of mineralisation, including a high-grade copper equivalent (CuEq) measuring up to 2.45%. The company noted that the results demonstrate the presence of substantial copper-rich ore at mineable depths. Also, zinc and silver were identified in some intersections, and there's potential for gold, which could enhance the deposit's value. "We are delighted with the results of high-grade assays from our recent Verkhuba drilling campaign,” chief executive Alex Walker said. “We can now definitively demonstrate that the Verkhuba Deposit has multiple copper-rich ore grade intervals at mineable depths. Grades are relatively consistent... More at #Proactive #ProactiveInvestors http://ow.ly/Qwf21055oBw

Ariana Resources plc (AIM:AAU) said drill results from the #Kizilcukur project in #Turkey indicate a high-grade, technically straightforward resource that should augment the existing gold operation at #Kiziltepe. Resource and extension drilling tested three zones of #mineralisation at the deposit with the best results 6 metres (m) at 4.75 grams per tonne (g/t) #gold and 7.3m at 2.43g/t while outcropping samples contained grades as high as 15.4g/t. Tests on the ore also produced gold recoveries of 97%, which #ArianaResources said is much higher than Kiziltepe. Kizilcukur is part of #ZenitMadencilik, a partnership with Proccea Construction and Ozaltin and 23.5% owned by Ariana.  Kerim Sener, Ariana’s managing director, said it was a “great set of results” with detailed work now underway to bring Kizilcukur into the Kiziltepe Sector #mining plan. More at #Proactive #ProactiveInvestors #AIM #AAU https://ow.ly/Xsin50QbSnR

#ASXNews Turnberry Mineral Resource Upgrade Meeka Metals Limited is pleased to report a 26% increase in Indicated Mineral Resource at Turnberry, which has grown to 290,000oz Au. The Turnberry Mineral Resource now stands at 10.7Mt @ 2.0g/t Au for 690,000oz. • 26% increase in Indicated Mineral Resource at Turnberry to 290,000oz Au following the shallow open pit infill drilling completed up to December 2023. • 85% of the open pit constrained Mineral Resource is now in the Indicated classification. • Total Turnberry Mineral Resource remain consistent with the January 2023 update at 690,000oz @ 2.0g/t Au. • Turnberry has no prior mining depletion and averages ~1,600oz per vertical metre from surface to a depth of 200m where the density of drilling reduces. • The deposit has a strike length of 1.7km and remains open to the north, south and at depth. • The total Mineral Resource at the Murchison #Gold Project (MEK 100%) has increased to 1.24 million ounces @ 3.0 g/t Au (57% Measured and Indicated). • A Mineral Resource update for Andy Well (last updated in 2017) will be released in the June 2024 quarter. Commenting on this upgrade, #MEK’s Managing Director Tim Davidson said: “The infill drilling completed over the preceding 12 months and consequently this resource upgrade has delivered the desired outcome. The Turnberry open pit is now 85% Indicated and overall the Murchison is 57% Measured and Indicated.” See the full announcement: https://loom.ly/1fjlKZ0 #MeekaMetals #MiningNews #ASX

Today, Orezone released results from ongoing grade control and infill drilling from its Bomboré Gold Mine in Burkina Faso. Highlights include: 18.41 G/T GOLD OVER 8.00M AND 22.17 G/T GOLD OVER 4.00M Patrick Downey, President and CEO stated, "Following a successful first full year of production at Bomboré in 2023, where the focus was on bedding down the operation and deleveraging the balance sheet, Orezone is now looking to resume its exploration efforts at Bomboré. A recently completed structural review of the property has significantly opened up the exploration model, with an increasing focus now on delineating higher-grade structures to depth and along strike. With current mineral reserves down to an average depth of less than 40m across 14km of strike, we see significant potential to not only increase the overall mineral inventory at Bomboré, but the potential to systematically target higher-grade mineralization within the much broader structural corridor. While ongoing drilling in the near-term remains focused on further delineating near-surface, high-grade structures in advance of mining, we continue to rank multiple high-priority exploration targets for drilling in 2024." For the full news release, click here: https://lnkd.in/gsY745YR

Initial assays from the inaugural reverse circulation (RC) drilling campaign of Resource Mining Corporation Limited at the highly prospective #MpandaProject in Tanzania have confirmed the presence of #gold and #copper.  Drilling was conducted at four prospects within the Mpanda Project area - #Mpanda #Ndogo, #Stalike, #Kabungu and #Vikonge - and comprised 13 RC holes for a total of 723 metres. Assays from 8 drill holes included significant intercepts from the Kabungu Prospect of 4 metres at 2.5 g/t gold and 0.5% copper from 39 metres and 2 metres at 0.74 g/t gold from 47 metres.  The intercepts are part of a 2-kilometre geochemical anomaly that remains untested along strike. More at #Proactive #ProactiveInvestors #RMI http://ow.ly/VRuG105Enlv

AuKing Mining Limited (ASX:AKN) is gearing up for an initial 1,000-metre drilling campaign at Sandiego North prospect of the Koongie Park Copper-Zinc Project in northeast Western Australia, designed to test the extent of #copper mineralisation to the north of the existing deposit. Strong momentum in copper pricing prompted the company to take a closer look at the copper mineralisation near Sandiego, which already holds a mineral resource estimate of 4.1 million tonnes at 1.4% copper, 4.3% #zinc, 0.2 g/t #gold, 25 g/t #silver and 0.4% #lead. Previous drilling revealed high-grade copper mineralisation up to 5 metres at 1.37% copper from 50 metres of depth and 2 metres at 1.71% copper from 85 metres, 700 metres to the north of Sandiego. More at #Proactive #ProactiveInvestors #ASX #AKN #CopperMining #BatteryMetals http://ow.ly/h32h105pACh

#ASXNews AuMEGA Metals (formerly Matador Mining Limited) is pleased to provide its Quarterly Activities Report for the quarter ended 30 June 2024. • Fully funded #exploration program progressing to plan. • Highly successful Canadian winter reverse circulation (“RC”) drilling program defined three large, mineralised zones, including O-2 West at Malachite which delivered a several mineralised holes including 627 ppb #gold and 1.99% #copper from six metres, with diamond drilling now planned. • Also defined a 1.2 km anomalous trend at O-2 East to be followed up with diamond drilling. • Conducted technical workshop in Newfoundland defining 37 exploration targets including identification of nine new early-stage targets. • Spring/Summer exploration activities commenced with diamond drilling within the resource corridor, mainly at Central Zone. • The first phase of diamond #drilling was completed on 12 July 2024. Full report: https://loom.ly/UTExd7g #AAM #AUM #MiningNews #ASX #TSXV

With Gold strong throughout 2023 and into 2024, we at Vertex are excited to be moving to mining the High Grade Reward gold mine at Hill End in 2024. With historic production of 435kozs at 309 g/t at Hawkins Hill the Reward Resource (225kozs at 16.7g/t) which sits just under Hawkins Hill is ready to be mined and expanded with UG drilling. The exploration target under the Reward gold mine at 524kt at 12.5 g/t (211kozs) on the low and 19 g/t (320kozs) on the high end is primed to be drilled out upon commencement of mining. The largest nugget from a gold mine ever on the globe was mined from the Hill End Mine. The Holtermann Beyer nugget weighed in at 285kg. REWARD PRE FEASIBILITY COMPLETED- ROBUST -even based on the indicated resource only. The Reward gold mine is well-placed for a simple start-up: The existing gravity processing plant is located adjacent to the underground mine access point/Adit. - To be upgraded to 120ktpa Mine access point extends into the resource, so little development is required. The existing 2.4m by 2.4m adit will be opened up to 3.2m by 3.2m Second egress in place with ladder way and motorised Alimak conveyance. Some underground fleet and utility services already in place. Permitted Mining licence and DA in place for Plant, Stockpiles and the Reward underground mine. Permitted tailings dam has capacity to allow immediate commencement of operations.

via Mining.com.au New analysis of historic data has confirmed “high-grade” gold mineralisation at Latitude 66 Limited’s K8 prospect, within the Kuusamo Schist Belt Project in Finland. The acquired historic data complements existing #drilling results conducted by Latitude in 2022, with follow-up downhole electromagnetic survey results highlighting potential down-plunge extensions to #gold and #cobalt at the K8 prospect. Read more: https://loom.ly/rFaOGAc #LAT #Latitude66 #ASX

Antipa Minerals Limited (ASX:AZY) has unveiled the final assays from phase two 2023 diamond drilling at its wholly owned Minyari Dome Gold-Copper Project in Western Australia's Paterson Province, which point to significant gold discoveries with copper to boot. A second diamond core drill hole at the GEO-01 prospect returned 27 metres at 0.7 g/t gold from 34 metres downhole, including an 8-metre section at 1.4 g/t gold and a notable 1 metre at 4.8 g/t gold. Another section showed 23 metres at 0.8 g/t gold and 0.02% copper, pointing to the presence of high-grade #gold and #copper mineralisation. More at #Proactive #ProactiveInvestors #ASX #AZY #Mining #PreciousMetals #BaseMetals http://ow.ly/kWLS105fjI8