The Market Bull - Daily Stock News’ Post

We've identified multiple new lithium, gold and base metal targets at our Opaline Well Project in Western Australia. A hyperspectral study of our Opaline Project revealed excellent lithium targets in pegmatites, including linear features within granitoids. We've also identified several gold and base metal targets by processing hyperspectral data to define hydrothermal alteration minerals, which correlate well with historical mining centres along the tenement's strike. We anticipate conducting mapping and geochemical sampling during the 2024 field season. Executive Director Lindsay Franker commented: “The hyperspectral survey has returned exciting results at our Opaline Well Project. This cutting-edge technology has revealed a swarm of potential pegmatite targets, indicating significant lithium potential within the tenement. We have also discovered numerous hydrothermal alteration anomalies that indicate gold and base metal mineralisation, which corresponds to historical workings in the region. These findings represent a significant step forward in our exploration efforts, highlighting Opaline Well's potential. We look forward to the upcoming field season, when we'll conduct detailed mapping and geochemical sampling programs to validate these targets." Read the full ASX Announcement here: bit.ly/3SVYjFD #WSR #WestarResources #lithium #gold #basemetals #ASX #ASXNews #miningnews #WesternAustralia #exploration

American Rare Earths Limited (ASX:ARR, OTCQB:ARRNF) has generated soil sampling results of up to 6,221 parts per million (ppm) total rare earth oxide (TREO) from the Cowboy State Mine area of the Halleck Creek Rare Earth Element (REE) project in Wyoming, US. Samples represent the potential for high-grade REE mineralisation with a TREO content 64% higher than that considered in current mine planning and a recent scoping study (3,805 ppm TREO), offering an opportunity for a larger, higher-grade REE deposit close to those already established by the company. The newly identified mineralised zone has high potential to add to the recently upgraded mineral resource for the project, which sits at 2.34 billion tonnes at 3,196 ppm TREO at a 1,000 ppm TREO cut-off. More at #Proactive #ProactiveInvestors #ASX #OTCQB #ARR #ARRNF #REE #RareEarths #Mining #CriticalMinerals http://ow.ly/Kjro105p1PT

Stelar Metals Ltd (ASX:SLB) is making progress with exploration at the Trident Lithium Project near Broken Hill in Far West NSW, revealing the presence of substantial new pegmatite formations to the south of the project. Findings from the company's geological mapping and surface sampling highlight the discovery of two major zoned pegmatites, named Pilgrim and Sabre. Pilgrim extends around 2 kilometres north-south with widths up to 500 metres and Sabre stretches 4 kilometres east-west with widths reaching up to 700 metres. An additional strike length of 3.2 kilometres, termed Trident North, has also been mapped, extending the known mineralised zone north of the previously drilled Trident area and linking with Mount Euriowie. This extension represents a significant increase in the potential lithium-bearing footprint of the area. More at #Proactive #ProactiveInvestors #ASX #SLB #Lithium #Mining #CriticalMinerals http://ow.ly/u6nm105lV9U

Our experienced and dedicated #exploration team, led by Andrew Stewart is operating 3 diamond drill rigs, in pursuit of new discoveries outside the recently upgraded Kharmagtai #copper #gold Mineral Resource. It includes Xanadu Mines Ltd deep exploration programme; focused on #delivering high-impact discoveries (high-grade and large-scale mineralisation) at depth, and analogous to Oyu Tolgoi LLC / Оюу толгой ХХК Hugo North deposit (regarded as one of the world's highest-grade copper discoveries). Deep drilling programme comprises 8,000m planned + 6,000m contingent on success, with promising assays from first 2 (of 4 planned holes), delivering: 1. 600m down-dip extension to Kharmagtai’s largest deposit, White Hill, including - Several zones grading 0.73% CuEq, and - Importantly providing vectors to target high-grade at depth, with - Further high priority #drilling earmarked. 2. Two broad zones of porphyry and tourmaline breccia mineralisation between Stockwork Hill and Zaraa deposits, including - Higher grade of up to 0.89% CuEq, and - Likely on the edges of a very large-scale copper gold system, with - Additional #exploration work planned post full interpretation. We are very excited to test the deep targets we’ve geologically modelled, and look forward to sharing more results soon. Deep exploration success could transform Kharmagtai, which is already poised to become Mongolia’s next large scale copper mining operation. Learn more: https://loom.ly/S6QyLEo #XanaduMines #growthstrategy #NewDiscovery #transformation #derisking #development #criticalminerals #Mongolia #XAM #ASX #TSX

Riversgold Limited Strikes Gold and Copper Treasures at Tambourah Project (ASX: RGL) David Lenigas, Riversgold’s Chairman, commented on the results: “These exceptional results are a tremendously exciting development for RGL’s Tambourah Project. Achieving copper and gold results of this calibre is highly encouraging, and discovering surface evidence of mineralisation over a potential 12km strike is indeed very exciting. We have been concentrating on the copper and gold potential at Tambourah for some time now as part of our broader exploration strategy.” “These new and highly significant surface results, which were sampled by Technical Director, Ed Mead, during his last site visit, have the potential to amplify and further drive exploration in the area. Importantly, on ground geology has identified several gabbro intrusions that may be the source of this newly identified mineralisation. We plan to have people back on the ground in the coming weeks to continue with exploration.” Read our article below: https://lnkd.in/g6aGjuN5 #gold #copper #mining #geology #resources #rgl #asx

Coverage stock Rimfire Pacific Mining Limited (ASX: RIM) has just commenced a 4,000 metre aircore drilling program at the Murga Scandium Prospect, 70km northwest of Parkes within the highly prospective Lachlan Orogen of central NSW. Scandium is now included in both Australia’s 2023 Critical Minerals List and the United States Geological Survey’s (USGS) 2022 List of 50 mineral commodities critical to the economy and national security of both countries. More broadly, the recent purchase by Rio Tinto of the Owendale Scandium Project (which lies 10km north of Murga and Melrose) for up to $US14 million, highlights growing market interest in Australian scandium projects. The acquisition aligns with Rio Tinto’s strategic goal to grow in materials essential for the low-carbon transition. As the demand for cleaner, lighter, and more durable materials continues to rise, Rio expects the use of scandium to continue to grow along with this demand. The Owendale acquisition also follows the establishment of a dedicated Rio Tinto scandium business unit called Element 21 North. At Murga, scandium occurs within a strongly weathered horizon overlying magnetic ultramafic (pyroxenite) intrusive rocks of the Ordovician-age Murga Intrusive Complex, which are interpreted to be part of a large scale arcuate shaped mafic – ultramafic intrusive complex that has a surface area of ~20 sq km. There is little or no nickel and / or cobalt anomalism associated with the scandium, which is curious given that other scandium occurrences within the area (i.e., RIM’s Melrose prospect and Sunrise Energy Metals’ adjacent Sunrise nickel cobalt scandium deposit) are all associated with elevated levels of nickel and cobalt. Regionally, Murga is just one of several critical minerals prospects (i.e. Melrose, Currajong, Forrest View, and Kars) that lie within a +50km long belt of volcaniclastics, sediments and mafic - ultramafic intrusive units that form a geologically significant large-scale structure called the “Fifield Ultramafic Zone.” #scandium #commodities #resources #exploration #equities

Rincon Resources’ exploration of Australia’s newest critical mineral province, the West Arunta Region, has yielded highly promising results thus far. Rincon Resources is an Australian minerals exploration company with a keen eye on Western Australia’s mineral-rich landscapes, where it has set its sights on unlocking the untapped potential for big copper and rare earth element (REE) deposits. Boasting a portfolio of highly prospective projects, Rincon is making notable progress, particularly within the dynamic West Arunta region, which is fast earning acclaim as one of Australia’s most exciting critical mineral provinces. #WestArunta #Australia #CriticalMinerals #Mining Click the link below to discover more ⬇ https://bit.ly/4bPp2Lc

Coverage stock Rimfire Pacific Mining Limited (ASX: RIM) has just commenced a 4,000 metre aircore drilling program at the Murga Scandium Prospect, 70km northwest of Parkes within the highly prospective Lachlan Orogen of central NSW. Scandium is now included in both Australia’s 2023 Critical Minerals List and the United States Geological Survey’s (USGS) 2022 List of 50 mineral commodities critical to the economy and national security of both countries. More broadly, the recent purchase by Rio Tinto of the Owendale Scandium Project (which lies 10km north of Murga and Melrose) for up to $US14 million, highlights growing market interest in Australian scandium projects. The acquisition aligns with Rio Tinto’s strategic goal to grow in materials essential for the low-carbon transition. As the demand for cleaner, lighter, and more durable materials continues to rise, Rio expects the use of scandium to continue to grow along with this demand. The Owendale acquisition also follows the establishment of a dedicated Rio Tinto scandium business unit called Element 21 North. At Murga, scandium occurs within a strongly weathered horizon overlying magnetic ultramafic (pyroxenite) intrusive rocks of the Ordovician-age Murga Intrusive Complex, which are interpreted to be part of a large scale arcuate shaped mafic – ultramafic intrusive complex that has a surface area of ~20 sq km. There is little or no nickel and / or cobalt anomalism associated with the scandium, which is curious given that other scandium occurrences within the area (i.e., RIM’s Melrose prospect and Sunrise Energy Metals’ adjacent Sunrise nickel cobalt scandium deposit) are all associated with elevated levels of nickel and cobalt. Regionally, Murga is just one of several critical minerals prospects (i.e. Melrose, Currajong, Forrest View, and Kars) that lie within a +50km long belt of volcaniclastics, sediments and mafic - ultramafic intrusive units that form a geologically significant large-scale structure called the “Fifield Ultramafic Zone.” #scandium #commodities #resources #exploration #equities

Patriot Lithium (ASX:PAT) reveals a 2.5km fractionated pegmatite corridor in the Black Hills of South Dakota, identifying two distinct outcropping groups ⛏️ “The results from this latest round of mapping and sampling are very encouraging, identifying a 2.5 kilometre long, NNW-SSE-striking corridor defined by a series of highly fractionated pegmatites with individual pegmatite outcrops up to 350 metre-long and 60 metre-wide, and only 3.5 kilometres from historic high-grade mines" "While we have not yet confirmed whether these pegmatites are lithium mineralised, the XRF and LIBS readings indicate high degrees of fractionation of pegmatites in this corridor and therefore the potential for lithium mineralisation in the subsurface. We look forward to undertaking further work to help better define this potential and identify drill targets to test," - Patriot Lithium CEO & MD Nicholas Vickery #ASX #Investing #Lithium #Mining Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/g9iKVYGh

Exploring the rich potential of copper and rare earth elements: A deep dive into Rincon Resources’ West Arunta project. Rincon Resources’ exploration of Australia’s newest critical mineral province, the West Arunta Region, has yielded highly promising results thus far. Rincon Resources is an Australian minerals exploration company with a keen eye on Western Australia’s mineral-rich landscapes, where it has set its sights on unlocking the untapped potential for big copper and rare earth element (REE) deposits. https://lnkd.in/e9XR_t3y #rareearths #rareearthelements #criticalrawmaterials #australia #mining