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Omaruru Lithium Project phase 2 drilling commences Prospect Resources Limited (Prospect) says it commenced Phase 2 drilling at the Omaruru Lithium Project in Namibia alongside Osino Resources Corp., in line with their earn-in agreement for a 50% stake in the project. According to the agreement, if Prospect completes Phase 2 of the earn-in agreement, it will earn an additional 10% interest in the project. Prospect CEO and Managing Director Sam Hosack said the completion of Phase 2 drilling is also expected to see the company advance its next earn-in stage at Omaruru, which will result in Prospect’s ownership stake in Omaruru increasing to 51%. https://lnkd.in/ddgjbsTH #namibia #mining #lithium Chamber of Mines Namibia

Helix Exploration PLC has passed another important milestone on the road to its first helium well, with drilling expected to get underway in the third quarter. It did so by sharing with the market the results of an independent analysis, or scoping study, of its assets along Montana Helium Fairway. The study indicates a net present value (NPV8) of $303.1 million using a helium price of $550 per thousand cubic feet (Mcf) and a helium grade of 1.5%. It highlights an initial capital expenditure (CAPEX) requirement of $19.7 million - bang in line with estimates. The project is expected to generate net revenue of $605.6 million after CAPEX, operational expenses (OPEX), taxes, and royalties over a 29-year life of the mine (LOM). More at #Proactive #ProactiveInvestors #mining #helium #drilling #helixexploration http://ow.ly/cl7I105wl4Q

📈Canadian 🇨🇦 Mining ⛏️ News 🗞️ Delta Resources Limited (TSXV: DLTA) Starts 2024 Drilling Program at Delta-1 in #ThunderBay, #Ontario Starting with 5,000 metres, the program will be two-pronged with a number of drill holes aimed at increasing the gold inventory at the Eureka Gold Zone, while other drill holes will test new exploration targets defined at the end of 2023. 📈 TSXV: DLTA - OTC: DTARF - FSE: 6GO1 📈 #Gold #Mining #Exploration #Canada #Goldmining #Preciousmetals #Miningstocks #Goldstocks #Stockstowatch #Smallcapstocks #Investors #Stockmarketinvesting #Investments #Gold #Goldinvestment #TSXV #Stocks #Resource #Investing Follow the link below for today's news ⬇️ https://lnkd.in/gupDBc3R

GTI Energy Ltd (ASX:GTR) (OTC:GTRIF) has had a positive start to drilling at the 100%-owned Lo Herma ISR #Uranium Project in Wyoming’s prolific Powder River Basin with mineralisation intersected meeting expectations for economic ISR mining methods. The first 10 drill holes of a 76-hole campaign were completed for 1,908 metres (6,260 feet) in the first three days of drilling with eight holes intercepting on-trend mineralisation. Best mineralised intercepts include 14.5ft at 0.0640% (640ppm) eU308 in drill hole LH-24-002 and 16.5 ft at 0.054% (540ppm) eU308 in drill hole LH-24-001. More at #Proactive #ProactiveInvestors #Energy #UraniumMining #InSituRecoveryUranium #ISRUranium http://ow.ly/FgQw105CHLI

Global Lithium Resources Kicks Off 6,000m Drilling Program at Manna Lithium Project (ASX: GL1) Global Lithium General Manager – Geology, Logan Barber, commented on the drilling program, stating, “It is great the GL1 exploration team is back on ground at the Manna Lithium Project after a period of data consolidation, interpretation, and target generation. This drill campaign is testing extensional areas under cover with any intersection of spodumene bearing pegmatite potentially leading to significant resource growth. (continues)" Read our article below: https://lnkd.in/gEBqShip #lithium #mining #exploration #asx

The global Mobile Exploration Drilling Rig market was valued at US$ 33890 million in 2023 and is anticipated to reach US$ 37810 million by 2030 witnessing a CAGR of 1.6% during the forecast period 20242030. #GlobalMobileExplorationDrillingRigMarket #EnergyExploration #MiningIndustry #OilAndGas #GeothermalEnergy #DrillingTechnology #MarketGrowth #ResourceExploration #DrillingRigMarket #MarketOutlook

This article explores the mining and oil & gas industry and how GaoTek is involved in the industry.

This article explores the mining and oil & gas industry and how GaoTek is involved in the industry.

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

Namibia's Orange basin offers optimism despite declining high impact exploration drilling, report finds - WorldOil: Namibia's Orange basin offers optimism despite declining high impact exploration drilling, report finds  WorldOil