StockHound’s Post

Results are in following the October-November 2023 drilling campaign of American Rare Earths Limited (ASX:ARR, OTCQB:ARRNF) at Overton Mountain, in the broader Halleck Creek Rare Earths Project area in Wyoming, and they have been described as "exceptional". The results, which include 11,040 parts per million (ppm) total rare earth oxide (TREO), confirm higher-grade rare earth mineralisation from surface, remaining open at depth. Major intersections from this batch reinforce the strong results recorded following diamond core drilling, and ARR is now confident of a significant measured resource. More at #Proactive #ProactiveInvestors #ASX #OTCQB #ARR #ARRNF #Mining #REE #TREO #CriticalMinerals http://ow.ly/9oPR1055Bh3

Latin Resources Limited (ASX: LRS, OTC: LRSRF) achieves major drilling success at Colina deposit, confirming high-grade lithium mineralisation & signalling project advancement🔋🇧🇷 "With the Colina deposit infill drilling almost complete we are gearing up to run our next Mineral Resource Estimate. This update will be focused on increasing the JORC mineral classification of the existing 63.5Mt resource to enable the declaration of Mineral Reserves as part of the DFS which is currently underway" "Results from our infill drilling have closely match our existing data, confirming the robustness of our early interpretations for the Colina Pegmatites. Once the infill drilling is completed, we will refocus some of our drilling fleet back onto our high priority exploration target at Planalto, where our first drill hole intersected thick high-grade mineralisation," - Latin Resources’ Vice President of Operations - Americas Tony Greenaway #ASX #ASXNews #Investing #Mining #Lithium #Li Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/gPjeTxSE

Often new investors who don’t set expectations can post-rationalise results based on the market reaction, rather than independently decide if the results are good or bad. If you find yourself asking “Were those results any good?” after each drilling campaign, then this is the perfect time to improve your mining investment edge by setting expectations BEFORE a drilling campaign.

Predictive Discovery’s Resource Definition Drilling Strikes Strong Gold Intercepts (ASX: PDI) Andrew Pardey, Managing Director of Predictive Discovery, commented on the findings:  “With PDI’s PFS outlining attractive optimisation opportunities from further resource development work, we have renewed our focus on this as we move forward with the early stages of our DFS field work. The initial results at BC are very encouraging and confirm there is potential to upgrade Inferred Mineral Resources just below the PFS pit designs, which could ultimately lead to an increase in the current 207Koz BC Ore Reserve. Encouragingly, drilling also encountered positive intercepts outside the overall Mineral Resource estimate. We are also pleased to advance the 800W and SB targets from exploration to resource development drilling.“ Read our article below: https://lnkd.in/gsHyR9vE #gold #mining #resources #geology #stocks #pdi #asx

Touchstone Exploration Inc. (AIM:TXP, TSX:TXP, OTC:PBEGF) told investors it has made a "great start" to the year, as it reported the successful drilling of the Cascadura-2 well, which promises to significantly increase production volumes at the field in Trinidad. Drilled to a depth of 7,132 feet, Cascadura-2 was cut short of its intended 8,300 feet target depth as the company opted to preserve a significant pay section after encountering a high-pressure gas zone. Analysis of drilling data revealed a total sand thickness of around 525 feet within the targeted Herrera formation. The well, now being prepared for casing, is scheduled for production testing directly into the Cascadura natural gas facility in the third quarter. The company also noted the imminent start of drilling for the Cascadura-3 development well. More at #Proactive #ProactiveInvestors #AIM #OTC #SEE #SEEMF #mining #touchstonewexploration http://ow.ly/mYJZ105fXIC

We've commenced a three-month drilling program at our Kookaburra Gully Graphite Project (KGGP) in South Australia to further increase the resource. The drilling will focus on the northern portion of the Mining Lease (ML6460), aiming to confirm the extension of the main graphite deposit previously identified through surface observations, trenching, and electromagnetic anomalies. Additionally, the North and South Extensions of the Koppio deposit will be drilled in March 2024. This drilling follows a recent 87% increase in the Mineral Resource Estimate for KGGP, increasing to 12.26 million tonnes at 7.31% total graphitic carbon (TGC). We anticipate reaching our strategic goal of increasing the resource to support an updated feasibility study with a higher production rate and a 10-year life of mine in Q2 CY2024. The Northern drilling program involves approximately 5,000 metres of air core drilling and is expected to take 3-4 weeks, with a break for Christmas. After completing this program, the drilling rig will move to the Koppio Deposit Extensions. The drilling program aims to delineate the mineralised ore body, explore electromagnetically generated targets, and provide additional data for resource estimation and the feasibility study update. The increased KGGP resource will also allow the update of the existing feasibility study, which is targeting a far higher production rate than the 35k tpa of concentrate contained in the previous study. The updated feasibility study is scheduled for delivery in 2H CY2024. CEO Jonathon Trewartha commented: “After delivering a significant MRE upgrade at the Kookaburra Gully Graphite Project, now the second largest graphite resource on the Eyre Peninsula, we are excited to commence drilling at this previously untested area of ML6460. We are confident there is potential to materially increase our graphite resource during 2024 and continue to demonstrate why SA’s Eyre Peninsula is Australia’s Premier Graphite Province. We expect the Northern program to be finished by late January after a break for Christmas and look forward to reporting first results shortly thereafter.” Read the full ASX Announcement here: bit.ly/3tl8CsI #LincolnMinerals #GraphiteExploration #KookaburraGullyProject #ResourceExpansion #LML #ASX #ASXnews #miningnews

Copper update: Azimut resumes drilling at Elmer and discovers significant mineralization. Read more about the latest developments in copper exploration: https://ibn.fm/1BDyn #Copper #Mining #Exploration #Azimut #Elmer #Mineralization

Riversgold Limited (ASX:RGL) is back on the drills at its Northern Zone Gold Project, 25 kilometres east of Kalgoorlie, Western Australia. The new campaign, to be conducted on a nominal 25-metre grid, has been designed to extend promising results from the maiden reverse circulation (RC) and aircore campaigns, which revealed shallower supergene gold mineralisation. Drilling will target the shallow, up-dip portion of the mineralised system, following a significant intersection of 18 metres at 4.14 g/t gold from 36 metres in the initial drilling phase. This new, two-week phase will target the identified fault, believed to be a controlling feature of mineralisation, involving some 1,500 metres of drilling to depths between 60 and 70 metres. More at #Proactive #ProactiveInvestors #ASX #RGL #Gold #Mining #PreciousMetals http://ow.ly/KyiY105BFmn

🚀 Further Updates on Our Develin Creek Drilling Program... 📈 Resource Upgrade in Focus: 60-hole Reverse Circulation (RC) drilling planned 👍 Total Drilling: Up to 10,000 metres 🎯 Target Areas: Sulphide City, Scorpion, and Window ✅ Drilling Details: Hole depths between 50 - 200 metres using our RC drilling rig 🏆 Exploration Goals: Step out and infill drilling to enhance geological understanding and integrate it into the Mt Chalmers mine plan. 👏 Importantly, these resources are not currently included in the Mt Chalmers mine plan, highlighting significant upside potential to the recently completed Mt Chalmers Pre-Feasibility Study results. 👉 Details ▶️ https://buff.ly/3xoq7dC ASX:QML | FSE:81V #QML #QMines #miningnews #drilling #criticalmetals #queensland #copper #copperstocks #asxstocks #asxresources #mining #mineralresources #resources #exploration #copperexploration

Bradda Head Lithium (AIM:BHL, TSXV:BHLI)  hailed a "remarkable increase" in lithium carbonate equivalent (LCE) shown in the new mineral resource estimate for its 100% owned Basin Project in Arizona, USA.  Following the completion of drilling and geochemical analysis, the new MRE surpasses the 2.5 million tonne threshold stipulated in the royalty agreement with the Lithium Royalty Company (LRC), triggering a US$3 payment.  The company said it "expects to be well funded for the future", including drilling plans at San Domingo, Arizona, the near-surface spodumene-bearing pegmatite opportunity. The updated MRE for Basin reported a total of 20 million tonnes of resource containing 929 parts per million (ppm) of lithium (Li), equating to 99,000 tonnes of LCE, classified for the first time at Basin as in the Measured resource category, which signifies high confidence in its quantity and quality. More at #Proactive #ProactiveInvestors #mining #lithium #braddaheadlithium http://ow.ly/BS1i105ySbm