Perth, Western Australia - Friday September 03, 2021 |
Valor weighs up priority targets in prime Canadian uranium real estate
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ASX-listed Valor Resources has finalised the evaluation of targets at its Cluff Lake uranium project in Canada and will kick-off a boots-on-ground exploration program in September to further assess the highest priority targets. Initial exploration targeting was conducted using all available geological and geophysical datasets to prioritise areas for further ground reconnaissance to be completed. |
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Todd River delivers new PGE anomaly at Berkshire Valley
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Auger geochemical sampling by ASX-listed explorer, Todd River Resources has outlined three zones with elevated levels of nickel-copper-platinum group element mineralisation at its 100 per cent owned Berkshire Valley project in Western Australia, 100km north of Chalice Mining’s spectacular Julimar discovery. The company says the zones cover some three kilometres of strike and are associated with a strong, complex magnetic feature interpreted to stem from mafic and ultramafic intrusions.
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Superior extends gold mineralisation in North Queensland
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A second batch of assay results from a further eight reverse circulation holes through Superior Resources’ Steam Engine prospect has got pulses racing at the company, with impressive gold grades including 7 metres at 3.7 g/t gold which contained 4m at 5.0 g/t. The results are from the company’s 13,000m drilling campaign at its Greenvale project, approximately 210km west of Townsville, Queensland. |
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Second export manganese shipment for Element 25 |
ASX-listed Element 25’s second shipload of about 27,000 tonnes of manganese concentrate produced at its Butcherbird operation in WA’s southern Pilbara region has recently departed Port Hedland, only a handful of weeks after the inaugural export shipment of about 27,000 tonnes set sail. The Perth-based company says the ore aboard a Handymax-size vessel will be delivered to its offtake partner OM Materials’ smelter in China. |
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Old data confirms bonanza gold in Comet Mexican project
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Comet Resources has confirmed recent re-assaying of core from a historic drilling program at their Santa Teresa project in Mexico has proven intersections of high-grade gold, including ‘bonanza’ grade hits of up to 132 g/t gold. Comet has also completed the analysis of samples from a surface sampling program and phase 1 metallurgical test work. |
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Auroch to fast-track WA nickel sulphide projects
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Nickel exploration company, Auroch Minerals has launched scoping studies on its Nepean and Saints nickel sulphide projects in the Goldfields region of Western Australia. The studies will evaluate various mining scenarios as the company looks to fast-track the projects toward production to capitalise on strong nickel prices and to build on its existing relationship with mining giant, BHP. |
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Arrow secures swathe of West African gold territory
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Arrow Minerals has secured an agreement to acquire a 100 per cent interest in the Tombi-Ouest minerals exploration permit to supplement its landholding at the Vranso project in Burkina Faso by an additional 186 square kilometres. The company now holds permits extending over 80km along the highly prospective Boromo shear zone and has kicked off an aggressive exploration program with the drill rigs to fire up soon. |
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Taruga ramps up SA copper exploration
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Junior copper-gold explorer Taruga Minerals has kicked off a 500m diamond drilling program at its Wyacca and Morgan’s Creek copper prospects in South Australia. The new program is designed to follow up on recent reverse circulation drilling that returned an encouraging 11m at 1.5 per cent copper and 7m at 1.8 per cent copper. |
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Broad nickel drill hits for Blackstone in Vietnam |
Vietnam nickel hopeful Blackstone Minerals has produced a series of encouraging results from a maiden drilling program targeting the Ban Khoa disseminated nickel sulphide prospect at its Ta Khoa project about 160km west of Hanoi in northern Vietnam. The pick of the initial assays was 147m averaging grades of 0.31 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.14 grams per tonne PGEs from 62m depth. |
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Bardoc accelerates WA gold production
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ASX-listed aspiring gold developer Bardoc Gold has revised its cash-flow optimisation strategy and brought forward development of its cornerstone Aphrodite deposit which will increase early profits and free cash flows from its proposed Bardoc gold mine in WA. The revised plan will increase the forecast gold production to 150,000 ounces of gold per year by year three of the initial five-year plan. |
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Gascoyne achieves instant success with extension drilling
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ASX-listed gold producer Gascoyne Resources has pierced the heart of a high-grade patch of gold mineralisation in a resource extension reverse circulation drilling program at its Glenburgh project in Western Australia’s Gascoyne region. The best of the new drill results weighed in at 8 metres averaging an impressive grade of 11.6 grams per tonne gold from 187m including 4m going 21.3 g/t from 191m. |
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Deep Yellow boosts uranium resources in Namibia
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Aspiring uranium producer Deep Yellow has delivered a key cog in its push to bring its Tumas uranium project in Namibia to production with a cracking 102 per cent conversion of inferred resources to the higher “indicated” category at its Tumas 1 East deposit. Management says the company is now in good shape to meet its objective of a 20 year or more mine life for the multi-deposit project. |
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Calima boosts Canadian oil revenues
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Perth based ASX-listed Calima Energy has increased oil production and revenue from its producing wells at the company’s Brooks and Thorsby oil fields in Alberta Canada. Revenue is up by 20 per cent month on month for July on the back of a 14 per cent hike in oil production and improving oil prices. The company recently announced an ambitious 64 well 5-year drilling program. |
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