The Pick Magazine’s Post

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

We've reported further high-grade gold intercepts including 1m @ 163.42 g/t gold within 12m @14.56 g/t from step-back diamond hole at BD Target 1 as part of ongoing diamond drilling at our Boundiali Gold Project in Côte d'Ivoire, West Africa. The BD Target 1 is a 1.3km by 1km wide gold prospect within a 13km by 3km gold mineralised corridor. We will continue high tempo gold exploraton drilling with more than 30,000m of diamond drilling planned for this year, with a strong cash balance of approximately A$5M to support our aggressive exploration efforts. We are targeting an initial Mineral Resource Estimate for late CY2024. Managing Director Dr. Caigen Wang said: “We are very pleased to see this project best result for BD target 1 with DSDD0051 hitting 1m @ 163.42 g/t Au within an interval of 12.22m @ 14.56 g/t Au from 275m. This interval was 60m down dip from 4m @ 22.35 g/t Au (DSDD0004) and the system remains open as we systematically step out along strike and step back to test down dip. We will soon have four diamond drill rigs working at Boundiali as we increase our drilling rate to ~6,000m per month. We are in an incredibly target-rich environment as our geology team adds new targets to test at BD within the 13km by 3km gold corridor. We are leveraging the work completed by previous explorers at Boundiali and thanks to our supportive shareholders are well funded. Our aggressive drilling ensures consistent news flow as we build on the encouraging results to date from known targets on the BD and BM tenements and look forward to testing new targets whilst we aim to deliver inaugural JORC resources for Boundiali by late 2024.” Read the full ASX Announcement here: https://lnkd.in/gS6rNv-6 #AUE #Aurum #ASXNews #ASX #gold #westafrica #drilling #exploration #resources

We're pleased to report high grade gold mineralisation from recent infill underground diamond drilling within the main lode at M1 South from our Sanbrado Gold Operations, Burkina Faso. Our Executive Chairman Richard Hyde said: “Recent stope definition drilling at the M1 South main zone has intercepted high grade mineralisation 24m at 55.79 g/t gold and 28.5m at 37.03 g/t gold. “Infill drilling has confirmed the grade and tenor of high grade areas of the M1S resource and strengthens confidence in 2024 production and our 10-year production plan. “WAF is on track to produce 4 million ounces over the next decade, with annual production set to peak in 2029 at 473,000 ounces of gold. Our unhedged resources now stand at 12.8 million ounces and Ore Reserves at 6.1Moz of gold.” Read more: https://loom.ly/TEVxdrQ

We're pleased to report high grade gold mineralisation from recent underground diamond drilling within the northern shoot at M1 South at our Sanbrado Gold Operations in Burkina Faso. Our Executive Chairman Richard Hyde commented: “Diamond drilling at the M1 South northern shoot has returned outstanding results including 9.5m at 81.9 g/t gold from 62m. WAF will aim to fast-track the area into production during 2024. “Significant opportunity also exists to extend mineralisation below the 1780mRL (520m below surface). An additional drill drive will provide a position to test the down dip extension of the northern shoot mineralisation in early 2025. “WAF is on track to produce 4 million ounces over the next decade, with production set to peak in 2029 at 473,000 ounces of gold. Our unhedged resources now stand at 12.8 million ounces and Ore Reserves at 6.1Moz of gold.” Read more here: https://loom.ly/RuXj_14

Amex Exploration Inc. (AMX-V) Amex discovers new lens of gold mineralization in deepest drilling to date in western Gratien Gold Zone and provides update on mineral resource estimate Amex Exploration, on June 27, 2024, reported that it had intersected gold mineralization in the deepest drilling to date in the western area of the Gratien Gold Zone on the Perron Project in the Abitibi region of Québec. The Perron Project is a growing gold asset near Normétal, NW Québec. The mineralization at Gratien appears to be a new lens or 'stack' that make up the multiple stacked lenses of mineralization. Amex provided an update on the upcoming NI 43-101 resource estimate. Amex has decided that it shall include the recently discovered JT Zone (see: https://lnkd.in/eBXVibwf) into the resource along with this year's drilling in the Gratien Zone. Amex is now aiming for a release towards the end of Q3 and remains on track for the release of a PEA in Q4. Up to 5 drill rigs continue to operate on the Perron Project and Amex is forecasting 80,000 m of diamond drilling in 2024. See end of: https://lnkd.in/eGPPFaNf https://lnkd.in/e8NrEy9s #quebec #abitibi #normetal #perron #gratien #gold #drilling

We've executed a binding term sheet to acquire 100% interest in the advanced Boundiali South exploration tenement (PR-414) neighbouring our existing highly prospective Boundiali Gold Project comprising the BD tenement and BM tenement in Côte d'Ivoire, West Africa. The Boundiali South tenement, previously owned by Predictive Discovery Côte d’Ivoire SARL, has shown impressive exploration results, including significant gold intercepts. We plan to continue high-tempo gold exploration drilling at our Boundiali Gold Project, with ongoing scout diamond drilling and the addition of a third drill rig to increase drilling capacity. With a strong cash balance and further funds expected from a recent capital raising, we aim to accelerate exploration activities, targeting the delineation of an initial resource by the end of CY 2024. Managing Director Dr. Caigen Wang said: “We are very pleased to be able to secure such an advanced gold tenement to the immediate south of our highly prospective Boundiali Gold Project in Côte d’Ivoire. The wide and high-grade gold intercepts at the BST tenement are well in line with our recently reported excellent gold intercept such as 73m@2.15g/t and 4 other diamond holes on the BD tenement. The combination of the three Boundiali tenements, the BM tenement, the BD tenement and now the BST tenement, not only increases our prospective land holding but also enhances our confidence in defining large quantity of gold resources in 2024 and afterwards. It is worth noting that a part of the PR-414 is inside a classified forest zone which requires approval from Cote D'Ivoire government to enable further mining activities inside the forest zone.” Read the full ASX Announcement here: https://lnkd.in/gPbVKh7S #gold #westafrica #ASX #ASXnews #AUE

We're pleased to report high grade gold mineralisation from recent infill underground diamond drilling within the northern shoots at M1 South at our Sanbrado Gold Operations in Burkina Faso. Our Executive Chairman Richard Hyde said: “Recent resource definition drilling at the M1 South northern shoots zone has intercepted high grade mineralisation 10.5m at 15.25 g/t gold and 6m at 25.76 g/t gold. “Infill drilling has confirmed the grade and tenor of high grade mineralisation reported in March this year which included 9.5m at 81.9 g/t gold outside of existing reserves. “WAF is on track to produce 4 million ounces over the next decade, with annual production set to peak in 2029 at 473,000 ounces of gold. Our unhedged resources now stand at 12.8 million ounces and Ore Reserves at 6.1Moz of gold." Read the full ASX release here: https://loom.ly/loyuTV4

We've reported wide gold intercepts, including 𝟰𝟬𝗺 𝗮𝘁 𝟭.𝟬𝟯 𝗴/𝘁 𝗔𝘂, from step-back diamond drilling at BD Target 1, part of ongoing diamond drilling at our Boundiali Gold Project in Côte d'Ivoire, West Africa. Gold mineralisation remains open along strike and down dip, with mineralisation intersected down to 385m below surface. An IP survey has been completed to optimise drill targeting, and two more diamond rigs have arrived, increasing our fleet to six. We are targeting a drilling rate of 10,000m per month, aiming to exceed 45,000m in CY2024. An initial Mineral Resource Estimate for Boundiali is targeted for late CY2024. Managing Director Dr. Caigen Wang said: “We're delighted with another shallow, wide gold intercept at BD Target 1. Gold mineralisation remains open along strike and at depth, with intersects as deep as 385m below surface. Every hole we drill helps us understand the controls on the high-grade gold shoots we find within these wider intercepts. The new IP survey and structural data are guiding our drill targeting. With two new NOCK1300 diamond drill rigs operational, we're eager to test BD Target 1 down to approximately 900m. With six rigs on site, we expect to achieve ~10,000m drilling per month, systematically exploring the full potential of the 13km by 3km target zone at BD and our other tenements within the Boundiali gold project. We're also improving our operations with new vehicles, a centralised camp, and we are using a second laboratory to enhance efficiency and assay turnaround times. We're well-funded with ~$20 million cash at bank, allowing us to accelerate drilling and build on these encouraging results. We're targeting an inaugural JORC resource for Boundiali by late 2024.” Read the full ASX Announcement here: https://lnkd.in/gQ-kycs2 #gold #AUE #Aurum #WestAfrica #ASXNews #MiningNews

It's great to see the positive reaction on the Great Pacific Gold transaction on Tinga Copper & Gold Corp., but real value in these situations is created by the teams on the ground- through good exploration including drilling. As we enter into an ultra active period in Papua New Guinea and Australia - I look forward to keeping everybody updated here. We have worked hard for the past years to be positioned well for a bull market in gold and copper and I think that macro setting is coming into reality now. https://lnkd.in/grKdt_Tz

Desert Metals (ASX:DM1) strikes gold discovery and diverse mineral potential in Northern Côte d'Ivoire #Drilling #gold #Metals #Lithium #ASX