West African Resources’ Post

We’re pleased to advise the completion of an initial Mineral Resource Estimate for the Golden Forty Gold deposit within the Tennant Creek Mineral Field ➡️   Some highlights: - Total Mineral Resource: 935Kt @ 4.5g/t for 133,900oz of gold. - Indicated Resource: 706Kt @ 5.0g/t for 113,200oz. - Initial metallurgical sampling shows >95% gold recovery.   Michael Dunbar, our Managing Director commented, "The Golden Forty Resource has exceeded all expectations, with the recent drilling identifying a very high-grade domain which contains 77,000oz of gold at 9.3g/t and is mainly Indicated, leading to an increase to the previous JORC 2004 resource by around 300% to 133,900oz of gold.”   Development studies being progressed by our Joint Venture partner, Tennant Consolidated Mining Group, are expected to lead to a substantial increase in the current Tennant Creek Ore Reserves of 79,140oz.   Read the full announcement here ➡️ https://bit.ly/3QzJyXn   #EmmersonResources #ERM #GoldMining #ASXNews

via Stockhead A final set of seven infill #drilling assays have returned even more shallow oxide gold intersecting up to 4.66g/t from Meeka Metals Limited’s St Anne’s deposit, part of its Murchison gold project in WA, supporting a low-cost, open-pit mining model. Hits include 12m @ 1.20g/t #gold from 38m, including 2m @ 3.52g/t from hole 23SAAC011, 7m @ 1.27g/t gold from 37m including 2m @ 3.65g/t from hole 23SAAC012 and 31m @ 1.11g/t gold from 31m including 4m @ 4.66g/t from hole 23SAAC013. Learn more: https://loom.ly/FtCMEG8 #MEK #MeekaMetals #ASX

Resource Mining Corporation Limited (ASX:RMI) director Trevor Matthews joins Proactive to discuss high-grade #copper #gold results from ongoing exploration at the #MpandaProject in Tanzania. Significant findings include rock chip samples with up to 6.97% copper and 17.97 g/t gold, and 6.93% copper with 6.54 g/t gold, collected from the Kabungu copper anomaly. Additionally, channel sampling at the Stalike anomaly showed promising results, including 1 metre at 2.3% copper, part of a 5-metre section averaging 1.13% copper. Two auger drill holes at Ndogo anomaly also indicated mineralised copper values, with samples including 1 metre at 0.20% and 0.21% copper. This supports the potential significant resource, as the copper anomaly extends over 5 kilometres along strike. Matthews highlights the positive impact of these results on defining further exploration and exploitation opportunities within the extensive tenement... Watch at #Proactive #ProactiveInvestors #ASX #RMI #basemetals #ASXexploration https://lnkd.in/d5RzsDie

Strong gold prices supported a surge in Caledonia Mining (CMCL) Corporation PLC (AIM:CMCL, NYSE-A:CMCL)’s gross revenues in the second quarter of $50.1 million, a substantial increase from $37 million in the same period last year. Gross profit more than doubled to $22.9 million, reflecting both the increased revenue and lower production costs. During the quarter, Caledonia's Blanket Mine produced 20,773 ounces of gold, marking a 19.1% increase compared to the second quarter of 2023. The on-mine cost per ounce decreased slightly to $906, while the consolidated all-in sustaining cost (AISC) dropped by 7.7% to $1,253 per ounce. Caledonia also made progress with its Bilboes Sulphide Project, publishing a preliminary economic assessment that forecasts a production of 1.5 million ounces of gold over a 10-year mine life at an AISC of $968 per ounce. More at #Proactive #ProactiveInvestors http://ow.ly/x8J7105F7yI

Ariana Resources plc (AIM:AAU) managing director Kerim Sener declared himself "extremely pleased" with the updated reserve estimates for its Zenit operations in western Turkey, extending the mine life a further 10 years. Investors were told the Joint Ore Reserves Committee (JORC) reserves were calculated to be 5.3 million tonnes at 1.46 grams per tonne of gold and 9.81 grams per tonne of silver, amounting to 249,000 ounces of gold and 1.67 million ounces of silver. Additionally, the global JORC resource stands at 10.9 million tonnes at 1.37 grams per tonne of gold and 12.65 grams per tonne of silver, totalling 483,000 ounces of gold and 4.45 million ounces of silver. More at #Proactive #ProactiveInvestors #mining #gold #arianaresources http://ow.ly/Lome105nntF

Alto Metals Ltd ASX Announcement Alto Secures Option Over Lightning Mining Lease, within the Sandstone Gold Project - Highly prospective gold prospect located on granted Mining Lease, - Extensive alluvial gold workings, however the primary source of mineralisation has not yet been identified. - Shallow high-grade historic drill results of up to 147 g/t gold from 25m - In close proximity to the 150koz @ 2.0 g/t Vanguard Camp. - A one kilometre long gold-in-soil anomaly (peak 242ppb), situated within a favourable structural setting, extends into Alto’s exploration licence (E57/1033), where it remains open and untested by drilling. Read the ASX Announcement here: https://bit.ly/3U93stp $AME $AME.ax #sandstonegoldproject #gold #goldexploration

a point on the mind of many at this year's #G7 Energy and Climate meeting in #Torino!

"These initial RC drill results from the Machichie target at Cuiú Cuiú lend further credence to our belief that a significant zone of near surface gold-in-oxide mineralization overlies the Machichie gold discovery located just 500m northwest of the MG gold deposit. Neither the underlying hard-rock discovery or the weathered gold-in-oxide mineralized material at Machichie yet comprise a resource as both zones require additional drilling. However, this initial batch of RC drill results from Machichie suggests the presence of additional gold-in-oxide mineralization within close proximity to the existing MG gold deposit, which obviously has significant implications for the ongoing PFS aimed at trial mining and heap-leach processing of the near surface gold-in-oxide resources at Cuiú Cuiú.” -- Alan Carter President & CEO https://lnkd.in/dzESMtaH

Exactly. Not because China seeks to be self-sufficient in the minerals needed in batteries. The intent of its “shock and awe” investmemt strategy in Indonesia is to take advantage of Indonesia’s low standards for environmetal protection, labor rights and indigenous rights to be able to produce a cheaper nickel product. Achieving global supply dominance and ability manipulate the global reference price (LME) through oversupply of low cost, low standard nickel is the goal. The objective is to use that dominance and price leverage to undermine the economic standing of nickel producers outside of China and thwart the nascent policy efforts of the IRA to build up secure supply chains in the US. and allies like Australia and Canada. We are seeing this play out in real time with the closure of nickel mines and processing facilities in Australia (and the shelving of expansions). Luckily the US and allies have some of the highest grade deposits of nickel in the world, can harness new innovation in exploration, extraction and mining to be competitive and now have access to the DOE’s Loan Program to finance new (domestic) nickel mines, refineries and recycling. #wecandothis

We are now AuMEGA Metals! Today marks the first day of our new name and new brand. The new name better reflects our strategy to create long-term, sustained value for shareholders by unlocking the potential of our portfolio through world-class exploration. As I've stated many times, we are looking for MEGA deposits and we believe there are MEGA deposits on our property. Since joining two years ago, I have always encouraged the team to think big so why not have it in our name so it's crystal clear? The name is drived from the Greek Letter Omega and is pronounced as such. The "Au" represents the periodic symbol for gold - our primary focus. "Metals" reflects the potential of our district-scale land package for not only gold but also other metals including copper, silver, etc. We look forward to the beginning of what I believe will be a MEGA journey. #aumegametals #exploration #newfoundlandandlabrador #goldinvesting #goldexploration #newfoundland