The Next Big Rush’s Post

In recent months several companies around West and East Africa have seen significant corporate activity, activity that's stimulating positive investor attention. Companies such as Montage, Robex and Predictive Discovery (see article) have seen a major positive swing in how they are perceived, and valued. The news is garnering a wider audience too as the Predictive/Perseus deal even registered on the Bloomberg TV channel, a sign of the growing general interest in gold developers like Loncor! We continue to grow the Adumbi project, with drilling underway and a superior grade to most names mentioned above. Just to remind you, we already have 4M ozs of resources under our control with +5M ozs as our short-term internal target through current drilling, all within 220 km of Africa's largest gold producer, Kibali Gold Mine. Our Enterprise Value of US$10/oz resource places us many multiples less than the companies above are trading, their values ranging from +/-US$70-100/oz. We believe the drilling below our highly valued Adumbi project could form the catalyst for a potential re-rating. https://lnkd.in/er4Cqpg3

Toubani Resources Ltd (ASX:TRE) has hit high-grade oxide gold intersections during infill drilling at the 2.4-million-ounce Kobada Gold Project in Mali, producing a screen fire assay of up to 2 metres at 178 g/t #gold as part of a 19-metre intersection grading 20 g/t from 105 metres. The new data will aid TRE in converting the Kobada gold deposit to higher JORC-compliant confidence levels, with potential to define higher grade zones. “Our drilling program has been designed for a specific purpose, to derisk, convert and unlock the compelling value in the Kobada deposit, and it is pleasing to see numerous intersections during this program of significant widths and grade confirming this goal,” Toubani Resources CEO Phil Russo said. More at #Proactive #ProactiveInvestors #ASX #TRE #GoldMining #GoldStocks http://ow.ly/xafy105qech

Antipa Minerals Limited (ASX:AZY) managing director Roger Mason joins Jonathan Jackson in the Proactive studio to discuss positive final results from its 2024 Phase 1 reverse circulation (RC) drilling program at the Minyari Dome Gold-Copper Project in Western Australia. Mason highlighted the successful identification of new gold zones, enhancing the resource potential and generating new drill targets. An updated resource for Minyari and a GEO-1 maiden resource are scheduled for July 2024, with Phase 2 drilling set to commence later this year. https://lnkd.in/gZHwYTxn #ProactiveInvestors #ASX #AntipaMinerals #GoldExploration #CopperProject #MiningNews #MinyariDome #HighGradeGold #ResourceExpansion #DrillingResults #GeologicalDiscovery #WesternAustraliaMining #GoldMining #CopperMining #ExplorationSuccess #Mineralisation #ResourceUpdate #Phase2Drilling #MiningIndustry #GoldCopperProject #InvestmentOpportunity

Turaco Gold (ASX:TCG) strikes gold with Woulo Woulo deposit drilling #Drilling #gold #ASX

We are pleased to have signed an exclusive Option Agreement with Kalamazoo Resources (ASX:KZR) to acquire the Ashburton Gold Project, strategically located 290km south of De Grey Mining Ltd’s Hemi Gold Project and 35km from Paraburdoo. Ashburton consists of a highly prospective exploration package containing a 1.44 million ounce #gold resource, one of the largest unmined gold resources in the #Pilbara. Preliminary Due Diligence conducted by #DEG has highlighted the potential to economically deliver concentrate from Ashburton to the proposed Hemi POx plant, enhancing Hemi’s currently attractive project economics.   #DEG’s Managing Director, Glenn Jardine said:   “The proposed 10Mtpa gold plant at Hemi, including a 0.8Mtpa POx circuit, will be a Regionally strategic asset that provides the Company with the potential to treat gold ore and concentrates from other Regional gold Projects. This leverage has the potential to increase Hemi’s annual gold production rate, economic returns and Project life.” Read more here ➡ https://lnkd.in/gPVVwgRC #ASXNews

Deepest hole below former Tartan mine returns 12.7 g/t gold for Canadian Gold Canadian Gold Corp. announced the initial results from phase 2 drilling at the former Tartan mine with a hole that assayed 12.7 g/t gold over 3.2 metres within a 25-metre section that averaged 2.7 g/t gold.

Alamos Gold records grades up to +56 g/t at Island Gold Alamos Gold has announced new drilling results from its Island Gold mine in Ontario. The core assayed again with very high grades, up to 56.13 g/t gold over 2.1 metres. High-grade mineralization has been extended outside of mineral reserves and resources in the E1E and C-Zones, the main structures hosting the majority of currently defined reserves and resources.

Many Peaks Minerals is hitting the ground running with diamond drilling after the acquisition of four mineral permits in Cote d’Ivoire where over US$4 million in prior exploration has already been spent. Many Peaks Minerals (ASX:MPK) #ASX

Nova Minerals Limited (ASX:NVA, NASDAQ:NVA) has yet to unearth the full extent of the RPM deposit at the Estelle Gold Project in Alaska, with all drill holes in the latest program ending in #gold mineralisation and evidence of further gold to the south-southwest, where the deposit remains open for further exploration. This latest drilling program was conducted over the starter pit area, focused on near-surface mineralisation at less than 50 metres in depth to support the RPM starter mine pre-feasibility study (PFS) already in the works. The deposit produced more high-grade gold, including an intersection of 43 metres at 4.4 g/t gold from just 2 metres below surface, with a bonanza-grade section of 2 metres at 39.2 g/t gold from 13 metres of depth. “These results speak for themselves and we believe will add considerable value to the upcoming resource update and ultimately the PFS, which will be focused on RPM as a scale-able low capex/high margin project with future expansion plans achieved through cashflow as soon as possible,” Nova CEO Christopher Gerteisen said. More at #Proactive #ProactiveInvestors #MiningAustralia #BatteryMetals #CriticalMinerals http://ow.ly/tzYs105LpAa

New Research Report: Labrador Gold Corp. (NKOSF) – Recent Drilling Results Underscore the Rich Discovery Potential of the Appleton Fault $NKOSF #Investing #EquityResearch #Gold #Exploration #Minerals https://lnkd.in/eUPAXgvE