Xanadu Mines Ltd’s Post

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

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

Gladiator Metals Corp., a mineral exploration company focused on advancing high-grade copper projects in the Whitehorse Copper Belt, Yukon, has expanded its Whitehorse Copper Project. The company staked 55 new claims, adding 11.3 km² of tenure to encompass the Jackson Copper-Skarn prospect. The Jackson Prospect covers over 6 km of prospective strike between Cretaceous intrusive bodies and Triassic metasediments, a key control on mineralization in the region. Historical exploration revealed significant potential, with shallow drill results intersecting high-grade copper skarns, including 6.12m at 5.61% Cu, 1.03 g/t Au, and 247 g/t Ag from 55.14m. Undrilled target areas with high-grade copper skarn mineralization have also been identified, such as the Franklin Target with rock chip samples showing up to 9.4% copper and 6.36 g/t gold, and the Hamilton Target with samples revealing up to 3.48% Cu and 1.69% Cu. Gladiator Metals has begun its summer exploration program, including mapping, sampling, and planned drone magnetics, to further evaluate the potential of the Jackson Prospect. #mining #exploration #copper #yukon @gladiatormetals

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

Locksley Resources Limited (ASK:LKY) announce impressive high-grade antimony findings from the historic Desert Antimony Mine, including rock chip samples with Sb grades as high as 11.2% and 8.33%. "Reconnaissance rock-chip sampling at the North Block returned four significant antimony results greater than half a percent including 8.33% & 11.2% Sb, the samples came from an historic antimony mine developed on high-grade quartz-stibnite veining. "Given the critical importance of Antimony as a critical mineral and recent tightening of supply with export restrictions from the world’s biggest producer, Locksley has mobilised the exploration team to conduct a follow-up sampling program to evaluate the potential of the known antimony mineralisation." - Locksley Resources Managing Director Steve Woodham #ASX #ASXNews #Investing #Mining #Antimony Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/gePuDh3G

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

Golden Metal Resources Plc (AIM:GMET) shares were on the front foot on Tuesday, up around 10% in early deals, after the explorer reported significant gold-silver-copper findings at its wholly owned Garfield project in Nevada. The company, in a statement, highlighted “bonanza grades” in its project update – measuring up to 1,225 grams per tonne (g/t) silver, including 18.35g/t gold and 1.89% copper. Specifically, it said it sees confirmation of significant porphyry and epithermal potential in the area. "The results announced today are highly significant as we have gone from high-grade copper-gold-silver results achieved over a large footprint to now multiple overlapping geological datasets which strongly confirm the presence of a significant porphyry style system driving mineralisation across the project,” chief executive Oliver Friesen said. More at #Proactive #ProactiveInvestors #AIM #GMET #GoldenMetalResources #mining #silver #copper #nevada #miningexploration http://ow.ly/tBTq105aVeI

Raiden Resources Limited (ASX:RDN) has confirmed the discovery of a new high-priority lithium target from its ongoing exploration at the Andover South Lithium Project, labelled target zone 7. "One of the key objectives of the follow up mapping program was to determine the extent of target area 1 along the western strike extent. Target area 1 is the key target for the Company in the upcoming maiden drill program, where pegmatites are characterised by high fractionation and high grade Li2O mineralisation. As a result, we have determined that the highly fractionated pegmatites on the western periphery of Target Area 1 may have been structurally offset, resulting in a north-western strike extent. This work has defined further high-priority targets which the Company will evaluate in the near future." - Raiden Resources Managing Director Dusko Ljubojevic #ASX #ASXNews #Investing #Mining #Lithium Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/gX-hzKMt

Exciting developments at Equinox Resources Limited (ASX:EQN) Alturas Antimony Project in British Columbia. Recent exploration has uncovered a 1.5 km shear zone and copper-bearing boulders, adding fresh momentum to the project’s potential for copper and high-grade antimony mineralisation. Key Highlights: 🌓 1.5 km shear zone identified, with widths of 5-25 metres. 🌓 Copper-bearing boulder field discovered, with copper content estimated at 0.5% to 1.5%. 🌓 Historical high-grade antimony samples, with some containing up to 100% stibnite. “The latest exploration results at the Alturas project have exceeded our expectations... reaffirming its potential for both antimony and polymetallic mineralisation,” says Zac Komur, Managing Director. Robert Martin Agha Shahzad Pervez Harry Spindler Kelly-Jo Fry #MiningNews #CopperDiscovery #Antimony #Exploration #ASX

$LMS - Litchfield Minerals Limited is pleased to announce that the Gradient Array Induced Polarisation (“GAIP”) survey carried out in March 2024 at the Mount Irene Prospect (EL 31305) has revealed a probable trend correlating with known surface outcrops, leading to the identification of new exploration targets. Matthew Pustahya, Managing Director commented on the success of our GAIP campaign and, our efforts and the upcoming aeromagnetic survey. “We are extremely encouraged by the results from our positive GAIP survey at the Mount Irene prospect which is located in the Mount Doreen tenement in the Northern Territory. The survey data has revealed a chargeability high that aligns with the Mount Irene mine workings, trending approximately 110 degrees magnetic. The positive outcomes of this GAIP survey have bolstered our confidence significantly. As a result, we are preparing to apply for an Innovative Targeting Grant through the NTGS. Our goal is to extend the survey coverage by 5 kilometres to the west, reaching the Clark Mines prospect. This is another positive step in advancing the Company’s exploration efforts across our tenement package and we look forward to updating the market in the coming weeks.” Read more: https://lnkd.in/gfYAFTp5 $LMS #mining