Proactive’s Post

Drill campaigns announced this week, and a select few we really like: Yandal Resources Ltd - ASX.YRL - Gold: Much anticipated Siona Project follow-up. Looks like a cracking prospect with scale potential. Ausgold Limited - ASX.AUC - Gold: whopping 19,000m of RC at their 3 Moz Katanning project. Belararox Limited - ASX.BRX - Porphyry: 6000m of Diamond at their Toro-Malambo-Tambo project in Argentina. Raiden Resources Limited - ASX.RDN - Cu-Ni-PGE: 3000m+ of RC at their Mt Sholl project in the Pilbara region. Special mention: MRG Metals - ASX.MRG - and the team launching into 130 hand Auger holes in Africa. Hopefully they can still crack a beer by day's end. The week also left us with notable concerns regarding the drilling update provided by a highly experienced, junior explorer. But we'll save that for tomorrow.

We've received further shallow, wide gold intercepts, including 𝟵𝟬𝗺 @𝟭.𝟭𝟲 𝗴/𝘁 𝗴𝗼𝗹𝗱, from diamond holes at BD Target 1 as part of ongoing diamond drilling at our Boundiali Gold Project in Côte d'Ivoire, West Africa. We discovered visible gold in the core and we are identifying the best assaying method for it. The BD Target is a 1.3km by 1km gold prospect within a larger 13km by 3km gold mineralised corridor. Drilling is currently underway, with 30,000m of diamond drilling planned for this year, accelerated by the addition of a third drill rig to our fleet. Our aim is to continue aggressive exploration to establish an initial Mineral Resource Estimate by late 2024. More assay results from drilling at BD Target 1 and Target 2 are expected over the coming weeks. Managing Director Dr. Caigen Wang said: “Results from two step-back holes at BD Target 1 have confirmed the gold system is open and continues at depth. It is very encouraging to see these new wide gold intercepts underneath earlier results such as 73m @ 2.15g/t Au from 172m (DSDD0012). We have drilled ~60m down dip with these holes from the previous hits and these are the deepest holes (covering ~300m vertically) drilled on the project so far. We have noted visible gold in the drill core and have been investigating the suitability of using PhotonAssay with its larger 500g sample size and speed compared to a 50g fire assay. The larger sample size should be more suitable for gold mineralisation where coarse visible gold is present such as what we are seeing at Boundiali. This work continues to identify the optimum assay methodology for our gold mineralisation. We are well funded and supported by our shareholders and have increased our drill fleet to three diamond rigs on site this week lifting our drilling capacity to 4,000m a month. Given the encouraging results to date we are confident to add new targets on the BD and BM tenements whilst we drill towards our target of delivering inaugural JORC resources by late 2024.” Read the full ASX Announcement here: https://lnkd.in/guuaKU9X #AUE #Aurum #gold #westafrica #exploration #drilling #smallcaps #asx #ASXnews #miningnews

Read more about our results from the CY2024 Phase 1 reverse circulation drilling at the Minyari Dome Gold-Copper Project in the Paterson Province of Western Australia in the below Stockhead article ➡️ #AntipaMinerals #AZY

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has reported positive results from its ongoing drilling program at the Douta Gold Project in Senegal. The focus has been on the Makosa East Prospect, located parallel to the main Makosa mineralised trend - this area remains outside the current resource estimate, which is currently 1.78 million ounces of gold. Latest drill results include notable intersections, such as 32 metres at 1.76 grams per tonne (g/t) gold from surface and 12 metres at 1.51 g/t gold from 40 metres. The drilling is part of Thor’s strategy to increase the oxide gold resources at Makosa East and to infill drill at the Makosa North, Mansa, and Maka prospects. “We are encouraged by these results from a new prospect outside the existing resource base. The results are close to surface and remain open at depth,” chief executive Segun Lawson said in a statement. “The Makosa East Prospect now has a... More at #Proactive #ProactiveInvestors http://ow.ly/I4sw105HJx7

Mawson Finland Limited(“Mawson” or the “Company”) (TSX-V: MFL) is pleased to announce new drill results from 7 drillholes on the South Palokas prospect which were drilled as part of the Company’s 38-hole 2024 winter drilling campaign on the Company’s wholly-owned Rajapalot gold-cobalt project in Finland Ms. Noora Ahola, Mawson Finland CEO, states: “We are very excited to report some significant drill-intersections from our first round of results from the 2024 winter drilling campaign. The discovery of a new lens of high-grade mineralisation situated in the footwall to the South Palokas prospect is a significant step forward for our resource-expansion ambitions. Similarly, adding significant intercepts along-strike from the southern margin of South Palokas is highly encouraging, being a further indication that the current mineral resources can likely be expanded. We look forward to presenting further drill results from this year’s drilling in the coming weeks.” https://lnkd.in/eMjYag7E #MawsonFinland #GoldExploration #CobaltDiscovery #RajapalotProject #FinlandMining #GoldCobalt #PreciousMetals #MiningNews #WinterDrilling #DrillResults #MineralExploration #MiningInvestors #TSXV #MiningUpdates #GoldMining #CobaltExploration #MiningStocks #MineralResources #ExplorationDrilling #MiningDiscovery

Mawson Finland Limited(“Mawson” or the “Company”) (TSX-V: MFL) is pleased to announce new drill results from 7 drillholes on the South Palokas prospect which were drilled as part of the Company’s 38-hole 2024 winter drilling campaign on the Company’s wholly-owned Rajapalot gold-cobalt project in Finland Ms. Noora Ahola, Mawson Finland CEO, states: “We are very excited to report some significant drill-intersections from our first round of results from the 2024 winter drilling campaign. The discovery of a new lens of high-grade mineralisation situated in the footwall to the South Palokas prospect is a significant step forward for our resource-expansion ambitions. Similarly, adding significant intercepts along-strike from the southern margin of South Palokas is highly encouraging, being a further indication that the current mineral resources can likely be expanded. We look forward to presenting further drill results from this year’s drilling in the coming weeks.” https://lnkd.in/gHvcfpJc #MawsonFinland #GoldExploration #CobaltDiscovery #RajapalotProject #FinlandMining #GoldCobalt #PreciousMetals #MiningNews #WinterDrilling #DrillResults #MineralExploration #MiningInvestors #TSXV #MiningUpdates #GoldMining #CobaltExploration #MiningStocks #MineralResources #ExplorationDrilling #MiningDiscovery

Mawson Finland Limited(“Mawson” or the “Company”) (TSX-V: MFL) is pleased to announce new drill results from 7 drillholes on the South Palokas prospect which were drilled as part of the Company’s 38-hole 2024 winter drilling campaign on the Company’s wholly-owned Rajapalot gold-cobalt project in Finland Ms. Noora Ahola, Mawson Finland CEO, states: “We are very excited to report some significant drill-intersections from our first round of results from the 2024 winter drilling campaign. The discovery of a new lens of high-grade mineralisation situated in the footwall to the South Palokas prospect is a significant step forward for our resource-expansion ambitions. Similarly, adding significant intercepts along-strike from the southern margin of South Palokas is highly encouraging, being a further indication that the current mineral resources can likely be expanded. We look forward to presenting further drill results from this year’s drilling in the coming weeks.” https://lnkd.in/gHvcfpJc #MawsonFinland #GoldExploration #CobaltDiscovery #RajapalotProject #FinlandMining #GoldCobalt #PreciousMetals #MiningNews #WinterDrilling #DrillResults #MineralExploration #MiningInvestors #TSXV #MiningUpdates #GoldMining #CobaltExploration #MiningStocks #MineralResources #ExplorationDrilling #MiningDiscovery

Barton Gold (#ASX:BGD) confirms extensive #gold mineralisation at Area 51 in Tunkillia project, South Australia: Infill drilling reveals promising intersections

Oriole Resources PLC (AIM:ORR) said ongoing drilling at its 82.2% owned Bibemi orogenic gold project in Cameroon had recorded more high-grade gold-bearing intersections near the surface. So far twenty-two holes have been drilled in this latest phase of exploration (stage 5) at the Bakassi One (BZ1) target with the best grades of 7.99 g/t over 4.1m and 2.70m at 14.67g/t. A further 15 holes are planned at BZ1-MRE, focusing on expanding and upgrading the existing resource, with another 25 holes earmarked at two along-strike target areas, BZ1-NE and BZ1-SW. Martin Rosser, Oriole’s chief executive, said: "The first tranche of results from the Phase 5 drilling programme has delivered up to 4.10m at 7.99g/t Au close to surface.  More at #Proactive #ProactiveInvestors http://ow.ly/wyMH105Is03

Oriole Resources PLC said results from the latest drilling at Bibemi in Cameroon have indicated more mineralised intersections. Selective sampling of the second set of 10 holes at the BZ1 MRE target sections of 1.20m at 25.54g/t gold, 2m at 2.76g/t gold and 1.80m at 3.26g/t, Several of these intersections are within 50m of the surface, said Oriole, providing further support for the definition of additional near-surface resources within the footprint of the existing resource estimate (MRE).   The current MRE is  375,000 ounces of contained gold at a grade of 2.30g/t. A total of 3,741m has been drilled in 31 holes as part of this ongoing Phase 5 diamond drilling programme, with 7,060m in total planned in total over 62 holes at the Bakassi Zone 1 prospect (BZ1). Results for a further seven holes (BBDD074 to BBDD080) at BZ1-MRE are still awaited while drilling has commenced at a second target, BZ1-NE, where 18 drill holes... More at #Proactive #ProactiveInvestors http://ow.ly/9AaG105LQsf