Perth, Western Australia - Wednesday January 19, 2022 |
American West gets rods turning in Utah copper hunt |
American West Metals has launched a maiden drilling campaign at its West Desert zinc-copper-indium deposit in Utah, USA. The program is aimed at expanding the known historic mineralisation by drill testing the continuity of a suite of high-grade zinc and copper hot spots. The company says the results will be fed into a mineral resource estimate and used to assess the potential of an open pit mining operation. |
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Zuleika soars on Creasy backing
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Shares in Kalgoorlie gold explorer Zuleika Gold more than doubled in intraday trading after wily WA “prospector” Mark Creasy produced a $3m cheque to back the company’s gold ecploration efforts near Kalgoorlie. Zuleika shares touched $0.047 after closing at $0.02 the day before when the market learned that the man with the Midas touch saw something he liked at Zuleika. |
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Gold prospects brighten for Superior in Queensland
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Superior Resources has chipped significant gold from historic prospective outcrops at Windmill East and Origin, 210 kilometres west of Townsville in central Queensland with grades as high as 65.92 grams per tonne gold. The company says the results from its first entry into the old Pancontinental prospects are a sign it could be on to a mineralised system significantly larger than previously thought. |
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ADX flags February test of Anshof-3 oil and gas discovery
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Europe-based oil and gas producer ADX Energy is planning a production test in February of its Austrian Anshof-3 oil and gas discovery. The company is demobilising it’s contracted RED E-200 drilling rig after running and cementing the final seven inch section of drill casing. The well yielded three oil and gas reservoirs with two potentially being productive and generated numerous follow up drilling opportunities. |
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Askari pegs new Pilbara lithium ground
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Askari Metals has snapped up over 1700 square kilometres of potentially prospective lithium ground in Western Australia ‘s Pilbara region. The company has lodged a series of exploration licence applications that will see it step up its hunt for coveted battery metals such as lithium in an area known for housing some of the world’s largest lithium deposits. |
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Production increase lifts Kaiser into the black
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Production from Kaiser Reef’s historic Victorian goldmines has lifted by 36 per cent, pushing the company financials into the black for the quarter after it booked revenues of just over $5 million. The company said increased efficiencies, an investment in operational capital and a dedicated workforce were the drivers behind the positive results from its high grade underground A1 Gold Mine in eastern Victoria. |
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Tietto ramps up African gold mine construction
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Tietto Minerals has taken a vital step forward in the development of its 3.35 million ounce Abujar gold project in Côte d’Ivoire, West Africa, after completing a number of critical construction items at the site. The company is now moving at speed towards its expected maiden 2022 gold pour after completing bulk earthworks for the processing plant and the camp accommodation. |
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Deep Yellow scores another wide, high-grade uranium hit
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Deep Yellow has intersected a wide parcel of high-grade uranium mineralisation as part of its phase 2 follow-up drill program at its Barking Gecko North prospect within the company’s Nova Joint Venture project in Namibia. The latest results come from a deep diamond drillhole that intercepted cumulative intersections of 118m grading a solid 352 parts per million uranium. |
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Calima sets off on new Canadian oil hunt
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Canada-focused oil and gas producer Calima Energy has wasted no time in chasing down a new Canadian payzone, this week announcing it will be drilling two horizontal wells to drain the newly identified Sunburst Formation in its Brooks project in Alberta. The company said its recently completed Gemini 5 well confirmed the presence of the Sunburst formation in the undeveloped part of the field and it will now drill the Gemini 6 and 7 development wells. |
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Scoping study shows solid numbers for Element 25
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Manganese producer Element 25 has tabled a solid set of financials following a recent scoping study for the construction and operation of its planned high purity manganese sulphate monohydrate plant. The financial metrics also showed a solid 20-year life for its Butcherbird manganese project in WA that is highly leveraged towards the emerging electric vehicle industry. |
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Kambalda gold-copper hunt back on for Lefroy
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Gold explorer Lefroy Exploration has returned to two early-stage gold focused aircore drilling programs at its Lefroy gold project after a break over the festive season. The company says it is targeting new gold mineral systems in areas with limited previous drilling about 70 kilometres southeast of Kalgoorlie in WA. The latest exploration play will see Lefroy sink over 50,000 metres across its mineral-rich ground. |
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Rare earths geophysics review underway for Frontier
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Perth-based Frontier Resources recently enlisted Southern Geoscience Consultants to conduct an airborne magnetic-radiometric survey over its Gascoyne rare earths project with data processing and a review now underway. The survey was undertaken to attempt to locate prospective ironstones under shallow cover following the recent discovery of outcropping rare earth bearing ironstones within Frontier’s 230 square kilometres of tenure in northwest WA. |
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Calidus unlocks Pilbara lithium potential with spinoff
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Budding gold developer Calidus Resources is joining forces with Haoma Mining under the guise of new company, Pirra Lithium to unlock the lithium potential of more than 1,000 square kilometres of prime Pilbara real estate. The Pilbara craton is shaping up to be one of the world’s major lithium and tantalum provinces housing the behemoth Wodgina and Pilgangoora lithium projects alongside Global Lithium’s evolving Archer deposit. |
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Blackstone connects battery resources through NICO purchase
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Blackstone Minerals has made a lightning bolt strategic investment in laterite nickel by rolling A$2.75 million into NICO Resources’ IPO to gain a 15.11 per cent interest in the battery minerals hopeful that last year picked up Metals X’ massive Central Musgrave Project that spans both WA and South Australia. With a serious nickel metal endowment of some 1.95m tonnes, Blackstone says it is likely one of the largest undeveloped nickel resources globally. |
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Kula back on the rig for Kaolin resource drillout |
ASX-listed kaolin and gold explorer Kula Gold has restarted drilling at its 100 per cent owned Boomerang Kaolin prospect to finish a previously planned 62-hole program before adding a further 18 RC drillholes. Logging to date has displayed an average kaolin vertical thickness of 29 metres with an average depth of 5.7m below surface. The gold potential is also being tested in the bedrock beneath. |
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