West African Resources’ Post

GoldStone Resources plans to increase Gold production to 1,000 ounces per month. Watch here ▶️ https://lnkd.in/e927hUfB GoldStone Resources Limited (AIM:GRL), the mining and development company with projects in Ghana, has updated investors on how its upgraded Gold processing plant at its Homase Gold Project in south-western Ghana has improved heap-leach gold recovery rates from 34% to circa 68%, enabling the Company to target 1,000 ounces of Gold production per month. “We've got average grades of 1.1 grams a tonne and people can very simply do the maths of what the contained gold is going to be agglomerated and stacked on that heap. “We have some decent grades in this project, not in the oxide cap that we're mining currently, but obviously as the deposit goes deeper, we get into fresh ore that is predominantly non-refractory, which is a big bonus.” Commented Emma, CEO of GoldStone. In this interview investors will learn: - How the company has increased its recoveries up to 68% over the past seven months - How the company is utilising and interpreting legacy data inherited from former operator Ashanti Goldfields Corporation - How funds from the recent share subscription are being invested - How the Company plans to increase production to 1,000 ounces of gold per month Reasons to put GoldStone Resources Ltd on your watchlist: - The Homase Gold project is located in Ghana known as the ‘Darling of Africa’ in terms of proven resources, a well-developed service sector and safe mining jurisdiction - Homase is close to the Obuasi Gold Mine which at one time was one of the world’s ten largest gold mines - Targeting 1,000 ounces of gold production per month - The company has its own fully expensed gold room Goldstone Resources was interviewed by Sarah Lowther for focusIR St Brides Partners Ltd SP Angel Strand Hanson #GRL #mining #resources #investing #gold #ghana

“These column leach test results are very encouraging and confirm that that the gold-in-oxide material at the MG gold deposit at Cuiú Cuiú is amenable to heap-leach processing. The leach recoveries of 92% to 93% are excellent and significantly better than previous test work which revealed an 82% recovery. They are also significantly higher than most heap leach gold mines that are currently in operation. These results should allow us to positively adjust our projected gold recoveries which form part of the ongoing prefeasibility study. These gold recoveries are particularly significant given the recent excellent drill results we are seeing from the Machichie Main and Machichie NE targets which are located only 500m and 650m north of the MG gold deposit, and indicate significant potential for additions of gold-in-oxide material in close proximity to MG.” -- Alan Carter, President & CEO https://lnkd.in/dVWx_pVT

Silver Bullet Mines Inc. (TSX-V:SBMI, OTC:SBMCF) Vice President of Capital Markets Peter Clausi joined Proactive's Stephen Gunnion with details of a potential third revenue stream from #gold processing. Clausi highlighted how the company's strategic approach diverges from traditional #mining companies, focusing on its unique mill in Globe, #Arizona, which enables it to process materials, not limited to their own mines but also from third parties. A third-party investor/client sought Silver Bullet's expertise to process gold concentrate, as it couldn't achieve the desired gold purity elsewhere, Clausi explained, adding that the collaboration represents a significant opportunity for the company. Remuneration for the work being done for the third will be determined after Silver Bullet's receipt of the material and initial evaluation. Watch at #Proactive #ProactiveInvestors #TSXV #OTC #SBMI #SBMCF #SilverBulletMines #SilverBulletMinesCorp http://ow.ly/b3U2104ZUiH

Press release (7 December 2023) Northgold reports remaining 2023 gold and copper drill results from Kopsa, including 0.91 grams per tonne gold-equivalent over 105.2 metres “We are delighted to follow the previously announced strong drill results from deeper, south-central portions of the deposit, with today’s announced continued success on either side. This is particularly important, because in order to expand the central portions of the deposit to the south and towards depth, the southern limits of the expanded resource pit shell would naturally grow to also encompass today’s newly reported southeastern and southwestern mineralized zones, and this should bode well for helping to maintain Kopsa’s low strip ratio as it grows.” -Mitch Vanderydt, CEO Read the full release here: https://lnkd.in/dxeERzJr #miningnews #drillresults #gold #copper #goldexploration #goldinvestment #goldstocks #goldprice #finland #nasdaq #sweden #norway #germany #uk #switzerland #europe #goldresources #northgold #NG

Eqat Gold Mine

CEO Shane Menere stated: “Commencement of this work with SMG Consulting will tell us exactly what drilling and assay work is required to fast track to a 2012 compliant maiden JORC Resource. FEG has amassed significant amounts of data from previous exploration, including the processing of a plethora of historical data from previous work at Idenburg. Combining this data with the recently completed Exploration Target of over 7.2million ounces (as an upper range) will create a clear path to a Maiden JORC for FEG. Add this to the recently downgraded forestry restrictions to Production Forest and we feel the project has a sizable head start toward its next phase of development.” ASX:FEG 📈 www.fareast.gold #gold #goldmining #copper #coppermining #ipo #ASX #asxnews #miningnews #smallcaps #miningindustry #preciousmetals #minesandmoney #metals #minerals #mineralexploration #mineralogy #stockhead #mininginvestment #PGEs #nickel #copper #REE #asx #investing #stockstowatch #Australia #batterymetals #EVs #rareearths #esg #renewables #renewableenergy #barrick #Newcrest #newmont #bhp #south32 #riotinto #FQML #petrosea #freeport

We're pleased to share a recent interview with our CEO, James Tworek, discussing our commitment to responsible mining and the path to growth.   Building a Strong Foundation   Element79 Gold Corp. was founded to address a key challenge in the mining industry: cash flow for junior miners. We've achieved this through strategic acquisitions, divestments, and innovative approaches like the sale of our starter kit project. This has allowed us to grow from a single project to managing 20, and we're bringing the past-producing Lucero Mine in Peru back to commercial production.   High-Grade Opportunities Await   We're particularly excited about the Lucero project in Peru. Previously a high-grade gold mine, Lucero boasts historical results averaging 19 grams per ton of gold equivalent. Negotiations for an exploration and exploitation permit extension are nearing completion, and we're targeting production this year with year-over-year growth. The recent sale of the Maverick Springs project brings in capital to streamline operations and fuel further exploration.   Community & Sustainable Growth   Element79 prioritizes social responsibility. We believe mining projects should benefit local communities. In Peru, we're formalizing partnerships with artisanal miners, aiming for production of 150-200 tons per day within 18 months. Additionally, the Lucero project is not just about mining; it's a community-based social project with ongoing initiatives planned.   Experienced Team & Transparent Future   Our team is comprised of seasoned professionals with backgrounds in finance, mining, and project management. We're committed to transparency and keeping our investors informed. We recently completed a share consolidation and debt conversion, and we're currently raising capital to propel us through 2024.   Looking Ahead   We anticipate formalizing agreements with artisanal miners this month, with initial production statistics as early as June. We're exploring non-dilutive financing options like streams, royalties, and debt. We're confident that the combination of our assets, experienced team, and commitment to responsible mining positions Element79 for a bright future.   Join us as we unlock the potential of our projects and create lasting value for all stakeholders.   For more information, visit our website or follow us on social media. https://lnkd.in/dy-u7Mnp #miningindustry #juniormining #miningnews #miningsector #mininginvestment

It is estimated the site could yield between 100,000 to 150,000 ounces of gold each year - which would equate to a minimum of $325 million a year under current gold pricing. This is big

Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF)’s ATO gold mine in Mongolia is expected to generate total gross revenue of $2.2 billion, based on an updated Technical Report, according to Stonegate Capital Partners analysts.  In an update to clients, the analysts placed a valuation range of C$4.43 to C$5.59 per share on Steppe Gold stock, with a mid-point of C$5.00, based on separate discounted cash flow (DCF) analysis of their mine models for the company.   Highlights from the Technical Report on ATO included an estimated 1.1 million ounces of gold and 11.7 million silver ounces at a grade of 1.13 grams per tonne (g/t) gold and 12.43 g/t silver.   They also noted that the ATO project is expected to produce more than 100,000 ounces of gold annually over an estimated mine life of 14 years.  More at #Proactive #ProactiveInvestors #TSX #OTCQX #STGO #STPGF http://ow.ly/sX0i1055stZ

The #Yukon is host to some of the world’s highest-grade silver deposits, putting Canada’s westernmost territory in a prime position as demand for the metal with over 10,000 industrial uses – from microchips to microwaves – looks set to soar.   Silver North Resources Ltd. (TSX-V:SNAG, OTCQB:TARSF) has already seen the future and is preparing for the ride.   Formerly Alianza Minerals, CEO Jason Weber said the company embarked on a major reorganization that culminated with its name change to focus on the potential of its under-explored high-grade Haldane silver project in the Keno Hill silver district in the central Yukon.   Apart from a diverse portfolio of assets that included copper and gold in projects stretching from British Columbia to Nevada, the failure of the Keno Hill silver mine under Alexco Resourc was also a detractor, Weber told Proactive.  More at #Proactive #ProactiveInvestors #TSXV #OTCQB #SNAG #TARSF http://ow.ly/5lZN10569Sr