Lunnon Metals Ltd had a strong and exciting September quarter and recently published our Quarterly Activities and Cash Flow Reports. Highlights include: 🌟 Continued success at Lady Herial confirmed its potential as a source of high-grade, thick, near-surface #gold mineralisation 🥇 Gold exploration program to be extended to include multiple other prospects in the under-explored #Foster “nickel belt” 🚀 Successful application for WA Exploration Incentive Scheme (EIS) grant to test #DefianceWest target for #Beta/Hunt style gold system 💰 Strong #cash balance of $21.1 million at 30 September 2024 (30 June 2024: $22.0 million) Commenting on the September 2024 quarter, Managing Director, Edmund Ainscough, said: "It has been very pleasing to see Aaron Wehrle, our Exploration & Geology Manager, and his site team receive well-deserved recognition for their outstanding work and be rewarded by the exciting results at #LadyHerial in particular. This success serves as early and strong validation of Lunnon Metals’ decision to turn our attention to gold at the start of 2024. Aaron and I share a deep history in gold at St Ives, having worked for #WMC and GOLD FIELDS during what was, in hindsight, a transformative period. It was during this time that Gold Fields began unlocking the vast potential of what is clearly now one of Australia’s premier gold camps. They achieved this by leveraging the excellent geoscience knowledge and experience within the old WMC team, combining it with the power of the drill dollar in a significantly increased budget; and just look at what they’ve accomplished. Lunnon Metals, while operating on a much smaller scale, is navigating a similar journey. The success at #LadyHerial, coupled with the opportunity at #Hustler and the multiple other promising prospects that are emerging, reinforces our confidence that we can deliver the same success for gold as we did with the drill bit at #Baker for nickel.” Read the full Activities Report here: https://lnkd.in/grDpuGCr Read the full Cash Flow Report here: https://lnkd.in/gP8YEemP
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Hi-View Resources Acquires Mineral Claims Package in the Babine Copper-Gold Porphyry District of Central British Columbia … Hi-View’s Babine claim package is located approximately 12 kilometers to the southeast of American Eagle Gold’s (“AE” – TSX.V) “NAK” deposit and is situated on-trend and within similar geology to the NAK and Amarc Resources Ltd. (“AHR” – TSX.V) “DUKE” deposits. Recent significant funding by Teck Resources Limited (“TECK” – TSX) and South32 Ltd. into American Eagle Gold has increased their cash to approximately $37 million enabling a comprehensive drill program to test the full extent of the nearby NAK system (see AE press release dated November 11th, 2024) ensuring an active exploration camp. Hi-View Resources President and CEO Howard Milne states, “With gold prices recently hitting all-time highs and copper forecasting high demand as a critical metal in the Green Energy Transition, we are excited to add this highly prospective and strategically located property to our Gold and Copper exploration portfolio. This Babine area claim package is in proximity and on trend with several established Gold and Copper porphyry deposits in the area.” … Read more: Hiviewresources.com Recent surface sampling by Hi-View returns up to 111 g/t gold with historical drilling returning up to 10 meters of 11.5 g/t gold at our 15,000 acre project adjacent to Thesis Gold Inc. $HVW.C 🇨🇦 | $HVWRF 🇺🇸 | $B63 🇩🇪
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Bastion Minerals Ltd (ASX:BMO, Bastion or the Company) is pleased to provide an update on the increased prospectivity of the recently acquired Mariner project in the Northwest Territories (NWT) where the Company has appointed Aurora Geoscience to prepare an exploration program to follow up and gain a better understanding of a “large mineralised quartz vein” and the overall potential of the project. Commenting on the review of the Mariner project, Executive Chairman, Ross Landles, said: “With the advanced ICE project located in the Yukon, which has a historical foreign non-JORC resource defined, being a strong focus for the Company, I am thrilled with the increased potential of the Mariner project to host a high-grade copper deposit based on historical data. Not only has historical drilling returned some very high grade shallow copper intersections, up to 18.4% Cu, but we are keen to better understand the large >520m mineralised quartz vein, identified by previous owners, however no additional detail exists of the mineralisation noted. Whilst copper is a strong focus, we are buoyed by the result of our immediate neighbour, ASX listed White Cliff Minerals Ltd, who has already established a presence in the area and recently announced rock chip finding up to 75,439g/t Ag and 13.6% Cu that produced 34,200,000oz of refined silver (refer WCN announcement of 27 August 2024 and footnote 3 herein).” “We look forward to engaging with the First Nations and to Aurora defining a work plan for this heavily under explored property and note the results are not known to have been followed up since the original drilling, presenting an extremely exciting opportunity for Bastion.” #asx #copper #canada #yukon
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We are pleased to share our Quarterly Activities and Cashflow Report for the period ending 30 September 2024. Results from our Phase 1 drilling program at Minyari Dome exceeded expectations, with new zones of high-grade gold mineralisation identified along the northern edge of GEO-01, as well as at the GP01 and Minyari Southeastern Extension targets. These discoveries not only expand our current resource base but also strengthen the growth potential for Minyari Dome as a cornerstone asset in our portfolio. Our recently completed Mineral Resource Estimate update was a major highlight, adding over 570,000 ounces of gold, including a maiden resource for GEO-01. Following this, we released an updated Scoping Study that reaffirmed the technical and financial strength of Minyari Dome, with a robust pre-tax NPV of up to A$1.7 billion. This study underscores our commitment to delivering shareholder value through a combined open-pit and underground mining operation, projecting 1.3 million ounces of total initial production over the next decade. Looking forward, we are well-positioned for further progress with the commencement of our Phase 2 drilling program, which focuses on resource growth, additional high-priority exploration targets, and preparation for metallurgical testing to support a future Pre-Feasibility Study. Additionally, the completion of our Citadel JV sale to Rio Tinto has strengthened our balance sheet, allowing us to advance Minyari Dome with even greater momentum. We invite our shareholders and stakeholders to review the full report for a detailed look at our achievements this quarter and our strategic path forward: https://bit.ly/3C9Akgb Roger Mason Mark Rodda #AntipaMinerals #AZY #GoldExploration #MinyariDome #Gold #PatersonProvince #ASX
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News Release: PTX Metals Announces Successful Near Surface Drill Results from W2 Cu-Ni-PGE Project which Significantly Expanded the Mineralized Trend Outside the W2 Deposit “Completion of the Phase 1 drill program was an important milestone for W2 and PTX Metals as it not only proved the exploration potential of this large package in one of Canada’s emerging and important mineralized regions, but it also served to strengthen the Company’s exploration team and community relations,” said Greg Ferron, CEO and President of PTX Metals Inc. “In addition, during the drill program we successfully completed the acquisition of a large deposit located in the central area (i.e., CA zones) of the project, which had seen significant shallow historical drilling to identify mineralized deposits; sufficient enough to support the current modelling program which includes generating 3-D shell geological and mineralization models, and to provide a range of grade and tonnage of the mineralization. “Notably, W224-03 and W224-07 from this Phase 1 program demonstrate the high success rate of discovering new mineralization over wide widths by drilling new conductors, which are abundant across the property. Furthermore, this highlights the potential to expand or identify new Cu-Ni-PGE deposits within the large claim package.” https://lnkd.in/gSz2hGpM #miningnews #copper #nickel #miningandmetals #juniormining #MiningOntario #drilling #RingOfFire 🔥
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September 11th: a few drill core assay releases for BC and YT with exploration updates for projects in BC. Some info not included: * Lode Gold Resources files a Technical Report for the New Brunswick-based McIntyre Brook Gold Project in preparation for listing its Spin Co (Gold Orogen) later this month; * Burgundy Diamond Mines announces positive preliminary results from the ongoing drilling program at the Misery underground diamond mine in the Northwest Territories; * Equinox Resources has entered into a binding option agreement to acquire 100% of the historic Alps-Alturas Antimony Mine Project near New Denver in British Columbia; * The Government of Yukon is proud to celebrate women in firefighting by supporting the tenth annual Ember Fire Academy, which began on Monday, September 9, with 12 recruits; * Canada Minister for PrairiesCan, and the Saskatchewan Minister of Trade and Export Development, each announced investments of $225,000, for the Saskatchewan Economic Development Alliance (SEDA) to support and enhance investment readiness in rural Saskatchewan with the launch of the Saskatchewan Investment Readiness Initiative (SIRI); * British Columbia Mineral Titles Branch Office in Vancouver postpones moving to their new office location due to construction delays. The newsletter link is in the comments! #BritishColumbia #Yukon #MineralExploration #Mining #NewsReleases
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More than 1.3 million ounces of gold has been historically mined from the Sandstone Goldfield in Western Australia’s east Murchison region and Alto Metals Ltd (ASX:AME), holder of more than 740 square kilometres of this terrain, is making positive moves to revitalise the golden heritage through its Sandstone #Gold Project (SGP). SGP, which is in the Archaean Sandstone Goldfield around 600 kilometres north of Perth, is an advanced exploration project comprising brownfield and greenfield prospects. Since acquiring the project in June 2016, Alto has delineated a mineral resource estimate (MRE) base of 17.6 million tonnes at 1.5 g/t gold for 832,000 ounces in the indicated and inferred categories within an unconstrained MRE of 23.5 million tonnes at 1.4 g/t for 1.05 million ounces. More at #Proactive #ProactiveInvestors #ASX #AME #MiningAustralia #GoldMining #GoldStocks http://ow.ly/MxXz105kvAw
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Far East Gold Ltd (ASX:FEG) reveals a strong start at the Idenburg Gold Project with an initial JORC resource estimate of 540,000 oz gold at 4.1 g/t and 468,000 oz silver at 3.6 g/t. Key Highlights: 🥇 Inferred gold resource of 540,000 oz at 4.1 g/t. 🥇 Silver resource of 468,000 oz at 3.6 g/t. 🥇 Covers just 3 out of 14 identified prospects, indicating substantial upside. 🥇 Strategic access via the all-weather Trans Irian Highway. Far East Gold CEO Shane Menere commented: “Our topographic surveys and revised 3D models have validated historical drill data, allowing us to announce a substantial initial resource. We believe there is considerable room for expansion with our planned mapping and sampling programs, followed by a Phase 1 drill campaign.” This discovery underscores the vast potential in Papua's underexplored terrains and positions FEG for growth as exploration advances. Justin Werner | Michael Thirnbeck | Paul Walker | Stewart Walters | Timothy Young #GoldExploration #MiningUpdates #ResourceDiscovery #ASXNews #InvestorInsights
Far East Gold (ASX:FEG) eyes golden opportunity with Idenburg Project acquisition
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High-Grade Gold Identified at Kooline Project We’re thrilled to share that early-stage exploration at the Kooline Gold Project has confirmed high-grade gold and multi-metal mineralisation, highlighting the region's vast potential: 🌟Rock chips assaying up to 12.4 g/t gold and 130 g/t silver 🌟Additional assays revealing 26% lead and 0.32% antimony 🌟Located within a proven gold belt, neighbouring the world-class Paulsens (1.45Moz) and Mt Olympus (1.6Moz) gold deposits. The results underscore Kooline's potential to host a robust poly-metallic system. Next steps include detailed mapping, geochemical surveys, and targeted drilling to test the continuity of mineralisation. We remain committed to unlocking value for our shareholders as we explore this exciting opportunity in one of Western Australia’s most prospective gold corridors. 📌 Read the full ASX announcement: https://lnkd.in/gwE9xk_q
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#ASXNews HIGH GRADE GOLD SOIL ANOMALY IDENTIFIED AT COGNAC WEST Dynamic Metals Limited is pleased to provide an update on #gold exploration activities at the Cognac West prospect, part of the Widgiemooltha Project where the Company is applying a systematic and methodical approach to gold target generation. • 191 additional soil samples taken at priority gold prospect, Cognac West where two anomalies were recently identified. • A new strong gold anomaly with peak assay of 2.1g/t gold (2.1ppm) in soils discovered. • Further assay results from rock chip samples and mapping anticipated to be returned shortly. • Exploration contractor engaged to commence infill soil sampling mid-October. • Dynamic well-funded for exploration after receiving $4M from Mineral Resources as part of the Widgiemooltha lithium joint venture. #DYM Managing Director, Karen Wellman commented: "The latest findings from our gold exploration at the Cognac West prospect reinforce our measured approach of systematic exploration, integrating historical data with recent soil sampling to enhance and define exploration targets. “We are optimistic that these promising results, combined with our location adjacent to leading gold producers, emphasize the potential for major discoveries within our tenure. “By consistently incorporating high-quality geological data into our analysis, we are building a robust foundation for future exploration and eagerly anticipate starting drilling activities on these targets in early 2025." See the full announcement: https://loom.ly/DZVWweg #DynamicMetals #ASX #MiningNews #exploration
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We're pleased to announce we have appointed external consultants to conduct a structural targeting analysis program of the high grade gold mineralisation potential of the Edleston Gold Project. The initial focus of the program is the evaluation of the High Grade Hangingwall and Edleston East Targets. Both of these targets have substantial high grade gold intersected. Highlights: 🔷Drilling by Aston at Edleston East previously returned 1.5m at 1,356g/t Au from 362m including 0.5m at 4,060g/t Au (DDED21-003) 🔷High grade drilling results from the Hangingwall Target include: ▪️ 5.3m at 42.44g/t Au from 111m (SL-12-86) ▪️ 3.3m at 57.4g/t Au from 207.4m (SL-12-129) ▪️ 1.5m at 15.74g/t Au from 298.15m (SL-13-158) ▪️ 2.03m at 11.11g/t Au from 79m (DDED21-015) 🔷Exploration targeting program aims to identify the potential extension orientations of these particularly high grade targets 🔷Results of targeting program and work program plans to be released to market upon completion 🔷 Previous metallurgical testwork showed recoveries of gold in the range 89 - 93% using a combination of conventional gravity and CIP/CIL 🔷Project is located proximal to IAMGOLD’s Cote lake and Almos Gold’s Young-Davidson Gold Mines Managing Director, Russell Bradford, commented: “With such high grade gold being intersected from two discrete target areas within the Edleston Project and the recent significant appreciation of the gold price, the Company is seeking to understand what the scale potential of these targets are. “A significant exploration effort was previously made by Aston towards the gold potential at Edleston prior to the Company’s strategic decision to focus on the nickel potential in 2021. The Company has a wealth of previous mapping, geophysics and drilling data which will be re-evaluated in order to update our understanding of the geology and extent of gold mineralisation. “We will be ready to get the drill rigs turning on site pending the results of the evaluation.” 🗞️Read the full ASX announcement here: https://lnkd.in/g5H74PUn #ASO #AstonMinerals #gold #Canada #ASXnews
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