Proactive’s Post

#ASXNews High-Grade Copper-Zinc Intersected at C4 Ahead of Resource Update Alvo Minerals Ltd is pleased to announce diamond drill results from its maiden drill program at C4 Prospect, consistent with Volcanogenic Massive Sulphide mineralisation from the Company’s 100% owned high-grade Palma Cu-Zn VMS Project. • The C4 Prospect is a ‘Brownfields Discovery’ made by Alvo in August 2023, as part of the broader Palma Cu-Zn Project that hosts an existing Inferred Mineral Resource Estimate of 4.6Mt @ 1.0% Cu, 3.9% Zn, 0.4% Pb & 20g/t Ag. • Diamond drilling at C4 has delivered thick and high-grade Zn-Cu intercepts including PD4-092: 9.5m @ 7.5% ZnEq* or 3.1% CuEq from 167m Inc. 3.8m @ 16.0% ZnEq or 6.6% CuEq from 168m. • Results follow discovery hole at C4 of 37m @ 4.6% ZnEq or 1.9% CuEq from 113m (PD4-084). • C4 is open to the west, southwest and northeast, where mineralisation appears closer to surface. • New untested VMS target located 300m NE of C4 identified and progressing towards drill-testing. • A Maiden MRE is being prepared for C4, expected to be reported in combination with an updated MRE for the C1 and C3 deposits in Q2 CY2024. Rob Smakman, #ALV Managing Director commented on the C4 drill results: "Our exploration team has focused on the broad zone of mineralisation around the C4 discovery hole, where we confirmed the thickest intercept across the entire Palma VMS Project. These results have defined multiple stacked lodes including high-grade zones and support our intention to deliver a Maiden MRE for this prospect in the coming months in combination with an updated MRE for the C1 and C3 deposits." View full report: https://loom.ly/K1LbFUM #AlvoMinerals #Zinc #Copper #ASX

Cooper Metals Ltd (ASX:CPM) has confirmed the presence of strong #copper mineralisation with assays from drilling at the Brumby Ridge Copper-Gold Prospect within the Mt Isa East Copper-Gold Project in northwest Queensland. Four diamond and five reverse circulation (RC) holes were completed in February and March this year, grading up to 58 metres at 0.53% copper and 0.02 g/t gold with a high-grade component of 3 metres at 4.14% copper and 0.08 g/t gold from 90 metres. Copper says the drilling results confirm the visual sulphides observed in April and indicate a north-northwest (NNW) trend to the copper-gold mineralised vein system, which stretches over 400 metres – only 120 metres have been drill tested so far. More at #Proactive #ProactiveInvestors #CopperMining #MiningAustralia http://ow.ly/u4bO105tIii

Rainbow Rare Earths has upped its overall estimate for the resource at Phalaborwa in South Africa by 16% after bulk density studies. Tonnage at the site has gone up to 35.1 million tonnes from 30.4m, with the expected life of the project extended by at least a further two years from the current fourteen. Rainbow said its technical team has been focused on the evaluation of the density at depth of the two phosphogypsum stacks that make up the resource at the rare earth project. US-based global gypsum experts Ardaman and Associates suggested a revised drilling technique based on its experience at over 100 gypsum stacks worldwide. Using that technique, the in-situ dry density for the stacks increases at depth compared to the conservative bulk density estimate of 1.2 t/m3 used in the existing mineral resource estimate. More at #Proactive #ProactiveInvestors #mining #rainbowRareearths #NaturalResources http://ow.ly/4OGO105jKwM

Antipa Minerals is pleased to announce the identification of a second significant surface geochemical gold anomaly within our Wilki Farm-in Project. The Jezabeel anomaly, located just 4km northeast of the Telfer gold-copper-silver mine, spans 3km by 1.3km under shallow cover. Peak geochemical sampling recorded 0.21 g/t gold, with historical drilling intersecting up to 4m at 0.13 g/t gold. Situated in a favourable structural setting, Jezabeel and the nearby Parklands target, where a heritage survey is complete, are being prepared for drill testing. At the Paterson IGO Farm-in Project, we are pleased to report promising results from our initial 2,608m of drilling. Assays confirm the presence of copper, nickel and cobalt mineralisation. At the PP-GRAV01 gravity anomaly, copper, gold and pathfinder mineralisation increase toward the untested gravity high adjacent to the Anketell-Samphire fault. The PP-GRAV02 target returned up to 0.66% copper and 0.07% cobalt, alongside nickel, zinc and silver. Both projects are fully funded and operated by our Tier 1 partners, Newmont and IGO, reflecting Antipa’s ongoing progress in unlocking the potential of the highly prospective Paterson Province. Read the full announcement here: https://bit.ly/3DdtNBP   #AntipaMinerals #AZY #GoldExploration #Gold #PatersonProvince #ASX

Desert Metals Limited (ASX:DM1) has announced positive results from its soil sampling program at the Tengrela South Project in Côte d'Ivoire, revealing two substantial gold anomalies with samples showing gold grades of up to 32.7 g/t. "Our soil sampling at Tiogo and Kakologo has returned significant gold anomalism over +2km and +3km parallel corridors by highlighting the north-south structures that typically host gold mineralisation in this Birimian gold belt. "Significant high-grade surface samples of up to 32.7g/t gold and 12.6g/t gold from cross-cutting shoots also highlight these gold anomalies as high-priority targets for aircore drilling. With these new targets in the central and northern areas of the Tengrela South permit, and the recently granted Adzope licence, we have numerous drilling targets for the upcoming quarter and beyond." - Desert Metals Managing Director Stephen Ross #ASX #ASXNews #Investing #Mining Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/g_aYcUEP

Nagambie Resources Limited has booked a much-anticipated resource at its namesake project and unfurled 415,000 tonnes at 3.6 grams per tonne gold and 4.23 per cent antimony from northern Victoria. Maiden in-ground metals represent 153,000 ounces of gold-equivalent with an average resource grade sitting 230 per cent above the mineable 5g/t cutoff, and Nagambie is confident continued drilling can increase the resource in both size and quality. “The announcement of this maiden JORC Resource for the high-grade discovery is a watershed moment for the Company. It comes in the context of recent all-time record-high gold prices and strong prices for antimony, an essential metal for military uses and high-performance solar panel manufacture." - Nagambie Chairman Tom Quinn #Exploration #Antimony #Gold

COBRE LIMITED (ASX:CBE) has kicked off an initial 2,000-metre diamond drilling program at the Okavango Copper Project (OCP) in the Kalahari Copper Belt (KCB) of Botswana, testing for copper-silver mineralisation. The company will target three main areas, determined to be prospective by a combination of nearby deposits, high-resolution magnetic, radiometric and electromagnetic geophysical surveys and a 6-hole diamond drilling program. Cobre has selected an area along strike from two neighbouring deposit clusters, MMG’s Zone 5 group (166 million tonnes at 2.0% #copper and 26 g/t #silver) and Boseto group (126 million tonnes at 1.3% copper and 17 g/t silver). The company will also target a region of elevated copper intersected in previous drilling and the margins of a basement high selected with ground gravity and drill data. More at #Proactive #ProactiveInvestors #ASX #CBE #SilverMining #CopperMining #ASXStocks http://ow.ly/4u2f105ohzH

Japan Gold Corp. (TSX-V:JG) announced it has completed the second phase of drilling at the Mizobe Project in Southern Kyushu, Japan, which is part of the Barrick Alliance. The drilling program expanded a concealed, multi-phase hydrothermal system with significant dimensions of approximately 2.5 by 1.5 kilometres, the company said in a statement. Mineralized intervals continue to be encountered within an open hydrothermal alteration system at Mizobe, Japan #Gold (TSX-V:JG) noted. Notably, the mineralization found in drilling is locally extensive, featuring broad breccia-hosted intervals stretching up to 144 meters in down-hole length. Observations from the drill core suggest multiple alteration and mineralizing events, including the presence of banded chalcedony-sulphide vein clasts and banded carbonate-quartz-sulphide veins, indicating a dynamic hydrothermal system. More at #Proactive #ProactiveInvestors #TSXV #JG http://ow.ly/OANa105k9zI

We’re pleased to announce significant progress at our Mumbezhi Copper Project, where Phase 1 drilling has uncovered substantial extensions at the Nyungu Central Deposit. Our ongoing drilling has delivered wide, high-grade copper intersections, reinforcing the potential scale of this deposit and advancing our vision of unlocking Mumbezhi’s full copper potential. Recent results highlight impressive intercepts, such as 36.1 metres at 0.95% copper from 381 meters, and 35.0 metres at 0.84% copper from 60 metres. These outcomes validate and expand upon historical data, revealing a large down-dip extension and extending the mineralised strike length northwards. The geology suggests a model typical of the Zambian Copper Belt, showing stacked, tabular zones of mineralisation with substantial growth potential. Our Managing Director and CEO, Sam Hosack stated, “Importantly, recent results also confirm a significant broadening of the Nyungu Central deposit, including potential for significant further strike, plunge and dip extensions. The stacked lodes of Nyungu Central remain wide open in multiple directions and are currently only limited by the drilling conducted to date.” To advance our momentum, we currently have four drill rigs on site to accelerate the 2024 program. Ground-based geophysical IP surveys are nearing completion across five additional targets, with drilling underway at the Kabikupa prospect. We are on track to deliver our maiden Mineral Resource estimate for Nyungu in Q1 2025. With a strong cash position of A$12.8 million, we are well-equipped to support the next phases of development, including a Mining Licence application by year-end. We look forward to updating our stakeholders as we continue to unlock the potential of the Mumbezhi Copper Project. Read the full announcement here: https://bit.ly/4fwy5lC #ProspectResources #PSC #Mumbezhi #CopperExploration #Zambia #Copper #Mining #ASX

Titan Minerals Limited (ASX:TTM) is pleased to provide an update on the Company’s 100% held Dynasty Gold Project in southern Ecuador, where it has been conducting extensive exploration in underexplored areas outside the currently defined 3.1 Moz gold and 22Moz silver Mineral Resource. Titan’s CEO Melanie Leighton commented: “Our efforts this year have been focussed on unveiling the opportunity within large unexplored gaps in the 9- kilometre epithermal corridor at Dynasty. Our systematic exploration has dramatically increased the Dynasty mineralisation footprint, successfully identifying several new exploration and extensional targets which have the potential to provide substantial growth to the current 3.1Moz gold & 22Moz silver resource. “It’s exciting that our mapping, soil, rock chip and trench sampling efforts have proven the continuity of the gold system in previously unexplored areas, with several high priority targets identified in new areas. These latest trench results have confirmed the presence of high-grade gold from surface in the first of many new extensional targets to be tested. Trenching is underway over several exploration targets, with results to assist with defining strike extents and tenor of mineralisation in these areas ahead of drilling. “We anticipate a steady flow of results from trenching currently underway and drilling which is planned to commence in the coming weeks. With gold and silver prices at all time highs, we are optimistic of a muchenhanced scenario for Dynasty with an updated resource estimate due in mid-2025.” Read more: https://lnkd.in/gh7zDiPm $TTM #gold #copper