EDITION #178
Perth, Western Australia - Tuesday July 19, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Lode shares spike after strong NSW silver results |
Lode Resources’ share price surged more than 50 per cent during intraday trading after the company recorded its best silver equivalent drill intercepts so far at its Webbs Consol project in NSW. Shares in the ASX-listed explorer opened at 22.5c before reaching a high of 23c during trading after closing on Friday at 15c. Intercept results include a whopping 50m hit at its Castlereagh prospect going 284 g/t silver equivalent from 17m. |
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Argentina lithium brine delivers Galan bumper results |
Galan Lithium believes it holds an “outstanding” set of well results after an initial pumping test at its wholly owned Hombre Muerto West lithium brine project in Argentina's Catamarca Province. The company says the bumper grade of greater than 910 mg/L, porosity with a mean of 14.1 per cent and flow tolls will roll into a definitive feasibility study for the operation, earmarked for later this year. Pumping tests will now occur at three further wells. |
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Bumper gold and silver in US probe for Riedel
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Riedel Resources has unveiled another bumper set of gold and silver assay results from an RC drilling program at its Kingman project in North-West Arizona, USA including 1.5m going 27.5 grams per tonne gold and 37 g/t silver from 13.7m. The company has now collected 18 drill holes from the project yielding more than 10 grams per tonne gold from shallow depths. |
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Panther lands bonanza, shallow gold hits from Laverton project
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Panther Metals has struck a series of bonanza, shallow gold hits from its Burtville East gold project near Laverton, WA, including 1m going 478 grams per tonne gold from 28m, 1m grading 125 g/t from 34m and a further 1m at 79 g/t gold from 27m. The company says visible gold was also panned from another hole and follow-up work is now being planned. |
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Triangle exports first oil through Port of Geraldton
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Triangle Energy has secured a new export route for its Cliff Head oil to Asian crude markets, loading out 24,500 barrels through a newly established facility at the Port of Geraldton with another 25,000–30,000 barrels to be added in the next six weeks. The deal allows the company to move past this year’s closure of BP’s Kwinana crude oil handling centre. |
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Strickland gets heritage nod for Wiluna gold hunt |
Strickland Metals has been given the green light to explore the main structure of its Millrose gold project near Wiluna after receiving heritage clearance from the Tarika Matuwa Piarku Aboriginal Corporation in addition to program of work approval from the West Australian Department of Mines, Industry Regulation and Safety. The company can now focus on several high-priority areas along strike of the main 13km structure. |
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Torque expands Kalgoorlie nickel, gold search
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Torque Metals is lifting the exploration pace at its Paris gold project near Kalgoorlie with a ground moving loop electromagnetic survey targeting nickel underway in addition to follow-up gold drilling plans. The survey will test for conductive nickel sulphides at the site’s Domingo, Melchior and Melchior West prospects. |
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BMG diamond drilling chases Mid West gold |
BMG Resources is ploughing through the metres with two diamond holes from an eight-hole 3700m campaign nearing completion at the operation’s Capital prospect in the Wiluna region of WA’s Mid West. Visual inspection of the drill core suggests the company is closing in on intersecting the predicted extensions of the high-grade East and West gold lodes about 250m along strike. |
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Soil campaign delivers nickel-PGE targets for Venture JV |
Venture Minerals’ JV earn-in with Chalice Mining received a boost after Chalice defined two new nickel-copper-PGE targets through a recently completed auger soil geochemistry campaign at the duo’s South West project about 240km south of Perth in WA. The anomalies are associated with the company’s previously defined Thor target that has drawn comparisons to Chalice’s revered Julimar discovery. |
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Tietto powers ahead with African gold mine construction |
Construction of Tietto Minerals’ gold mine remains on schedule at its fully funded 3.45-million-ounce Abujar gold project in Côte d'Ivoire, West Africa, as the company works towards its maiden gold pour later this year. The company says 80 per cent of concrete works are now complete, with the majority of remaining work due to be completed this month. |
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High-grade, shallow gold assays boost Alto in WA
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The hits keep coming for Alto Metals, with the latest assays recording high-grade near-surface gold results from RC drilling at its Indomitable Camp resource in WA, part of the company’s larger Sandstone gold project. Step-out drilling at its Indomitable North deposit has also extended mineralisation there by up to 500m. Assay highlights include one 13m intersection going 4.6 grams per tonne gold from 24m including 1m at 31.8 g/t from 27m. |
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Okapi gets aerial view of Canada uranium play |
Okapi Resources has launched a helicopter-supported review at its wholly owned Newnham Lake and Perch projects, part of its larger Athabasca Basin uranium tenements in Canada. The work is part of a maiden exploration program including prospecting, outcrop sampling and vegetation analysis to help identify favourable structural settings for uranium mineralisation. |
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Southern Cross rare earths shine for Kula |
Results from rare earths exploration at Kula Gold’s Rankin Dome project in Southern Cross have returned encouraging rare earths grading up to 1080 parts per million from its wholly-owned project in WA. The company says samples from its auger holes drilled into its project show two distinct, enriched zones of total rare earth elements, suggesting two potential source hosts. |
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Asra eyes Goldfields open pit as a resource estimate upgrade looms |
Asra Minerals is just weeks away from completing its updated gold mineral resource estimate for its Mt Stirling project in WA’s eastern Goldfields region that will prioritise the site’s open-pit potential. The 74 square kilometre project is 20km north of Leonora and currently has a JORC-compliant estimate of about 118,400 gold ounces. Asra says at least 167 holes will be included in its upcoming mineral resource estimate. |
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Survey lights up new WA graphite targets for Castle |
Battery metals explorer Castle Minerals has lit up eight new electromagnetic anomalies through a low-impact, ground-based EM loupe survey across its Kendenup and Martagallup licences, part of its larger Great Southern graphite project near Mt Barker in WA. The company recently boosted its tenure in the area and says the discovery reinforces its belief the grounds contain more graphite mineralisation that is yet to be discovered in the area. |
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Copper hits define new Peruvian drill target for Valor |
Valor Resources continues to make headway at its Picha project in southern Peru with recent channel sampling at the operation’s Ichucollo target delivering a raft of notable hits, including 12m at 1.1 per cent copper with anomalous silver. Importantly, more than 30 of the 132 channel samples delivered encouraging assays above 0.5 per cent copper with some running up just shy of 8 per cent copper and 100 grams per tonne silver. |
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