Perth, Western Australia - Monday 23, August 2021 |
Adriatic tables lovely set of numbers for Balkans silver project
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Aspiring Balkans precious and base metals developer Adriatic Metals has produced a humdinger of a definitive feasibility study that is knee-deep in “exceptional” key financial metrics. The study points to a potentially lucrative mining operation at its advancing Vares silver-zinc-lead project in Bosnia and Herzegovina. The London-based, multi-listed company’s latest study improves on what was already a cracking pre-feasibility study on the project. |
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Globe tables bumper financials on Malawi niobium project
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Globe Metals & Mining has released a barnstorming feasibility study on the proposed development of its Kanyika niobium project in Malawi in south-eastern Africa. The study foreshadows a cracking total EBITDA figure for Kanyika of US$3.74 billion across an initial mine life of 23 years. It follows hot on the heels of the recent formal granting of a mining licence covering the project by the country’s Mines Minister. |
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St George lights up “compelling” new conductor at Mt Alexander
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St George Mining has lit up a strong new conductor amongst a conga line of conductors identified at its flagship Mt Alexander project in Western Australia. The stand-out conductor is located the company’s West End prospect within the Mt Alexander project along the Cathedrals mineral belt The company is confident that drilling of the target will likely deliver another high-grade discovery. |
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Galan kickstarts drilling for more Argentinian lithium
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ASX-listed Galan Lithium is ready to get the rods turning at its Hombre Muerto West project in South America’s prolific “Lithium Triangle” following confirmation of the next round of drilling permits from the local government body in Catamarca, Argentina. The planned drilling is designed to assess new resources and maiden reserves at Hombre Muerto West. |
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China bound - Strike ships first iron ore
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ASX-listed Strike Resources has officially become an exporter of iron ore with its maiden load of high-grade direct shipping ore sourced from the Apurimac project in Peru now bound for China. The 35,000-tonne shipment falls under an offtake agreement with international commodity trading company, Good Importing International, that saw Strike pocket a US$4.5m down payment before setting sail for China. |
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Step out drilling increases gold footprint for Alto at Sandstone
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The till continues to ring for Perth-based Alto Metals at its Sandstone gold project in WA’s East Murchison district. Assay results from RC drilling at its Lord Henry deposit continue to impress with eth latest 4m intersection coming in at an eye-catching 15.6 grams per tonne gold from surface. A further 4 meter hit graded 2.1 g/t and another 8m intersection came in at 13.6 g/t in the same hole. |
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Strickland to sink 10,000m of drilling into Yandal gold belt |
Strickland Metals has launched an aircore campaign at the Horse North prospect at its Horse Well gold project on the north-eastern flank of the Yandal-Millrose greenstone belt in WA’s north-eastern Goldfields. The 10,000-metre drilling program will be focused largely on a three-kilometre section of the regional Celia shear zone that hosts the nearby resource for the multi-deposit Horse prospect of just over 148,000 ounces of gold. |
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Calima adds three oil wells to Alberta production push |
Canada-focused oil and gas producer, Calima Energy has commenced drilling three development oil wells at its Thorsby project in Alberta. Each well is forecast to generate up to 460 barrels of oil equivalent per day with production anticipated later in the year. Calima is aiming to churn out 4,500 barrels of oil equivalent per day from its Canadian assets by year’s end. |
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Torian cranks up Leonora gold search
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Torian Resources has wasted no time kicking off a follow-up RC drilling program at its Mt Stirling gold project in WA after scoring a couple of encouraging drill hits from the “Diorite Block” section of the project. The company intends sinking a further 12 holes totalling 1,230m into the Diorite North and Diorite East prospects, which recently coughed up assays of 1m at 4.66 g/t gold from 109m and 1m at 2.19 g/t from 8m respectively. |
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Venture locks in maiden Tassie iron ore shipment
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ASX-listed Venture Minerals is on the verge of shipping its first iron ore from its Riley mine in north-west Tasmania having chartered a bulk carrier vessel that will transport the ore in early September. The milestone achievement comes after the mine reached steady state production enabling enough ore to be generated for continuous haulage to the Port of Burnie for export. |
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Arrow unearths extensive gold system in Burkina Faso
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ASX-listed Arrow Minerals has uncovered an extensive shallow gold mineralised system at its Vranso Project in Burkina Faso. Extending over an area of 1,000 metres by 500m, the maiden RC drilling program at the Poa Prospect has thrown up a slew of early results including 3m at 3.5 grams per tonne gold. |
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PolarX onto impressive gold-in-soil anomalies |
ASX-listed PolarX has detected three large, high-grade, gold-in-soil anomalies at its Black Canyon claims within its Humboldt Range Project in Nevada, USA. The company has turned up some promising soil samples assaying up to a serious 793 parts per billion gold, rock-chip samples going an impressive 43.8 g/t gold and an 86.1 g/t silver. |
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Deep Yellow finalises resource drilling at Namibian uranium project |
ASX-listed Deep Yellow has completed 556 RC holes for 6,982 metres into its Tumas 1 East prospect in Namibia, rounding out the broader Tumas definitive feasibility study resource upgrade drilling program. Updated mineral resource estimates for the Tumas 1 East and combined Tumas 1, 2 and 3 deposits are set to be released in a matter of weeks. |
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Aruma primed to drill test WA lithium play |
ASX-listed junior explorer Aruma Resources is on the cusp of a maiden reverse circulation drill program at its Mt Deans lithium project about 10km south of Norseman in Western Australia. The Perth-based company says it plans to put down 12 RC holes for an aggregate drilling coverage of about 1,000m starting next month, following the recent completion of a requisite comprehensive flora and fauna survey. |
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