Drilling Updates for Monday, February 26 2024

Drilling Updates for Monday, February 26 2024

Busy last few days on the drilling side! Updates below on drilling disclosures, summary generated using AI by Prospector , based on drilling disclosures released since 9:00 AM EST on Friday February 23, 2024, from public filings. Please consider these summaries as an overview and refer to the full filings for detailed information - find all details on company and project pages on Prospector with an Analyst license, two week free trial available here!

FireFox Gold Corp - Mustaj?rvi Gold Project

  • Completed 6 drill holes totaling 1,617.5 meters at East Target; high-grade gold zone depth extensions tested.
  • Surface sampling at Saittavaara prospect revealed new gold mineralization area; up to 6.28 g/t Au.
  • Secured three new exploration permits covering approximately 22 km2.
  • Results expected by early March 2024; detailed exploration warranted.

Karora Resources - Beta Hunt Mine

  • Drilling of 3,932 meters focused on Fletcher and Larkin Zones.
  • Highlight intercepts include 3.8 g/t over 33.0 meters and 34.6 g/t over 2.0 meters.
  • Upgraded mining equipment expected to support annualized mining rate of 2.0 Mtpa by end of 2024.

First Mining Gold Corp. - Duparquet Gold Project

  • Completed 17 exploration drill holes totaling 6,966 meters in 2023.
  • Highlight intercepts include a new zone (Buzz Zone) with 6.52 g/t Au over 4.6 m.
  • 2024 drill program commenced, targeting growth within current mineral resource.

Canada Nickel Company - Mann Property

  • Drilling program at Mann Northwest and Mann Central with promising assay results.
  • Highlights include 0.43 g/t Pt+Pd over 16.5 meters and 0.55 g/t Pt+Pd over 28.5 meters.
  • Targets remain open, indicating potential for further discoveries.

Foran Mining Corporation - McIlvenna Bay Project

  • Initial assay results from 2024 winter program at Tesla and Bridge Zones.
  • Highlight intercepts include 27.4m grading 1.83% CuEq; Tesla strike length extended to 1,050m.
  • Up to 20,000m planned for winter program; Tesla open for expansion.

Freegold Ventures Limited - Golden Summit Project

  • Drilling in Saddle Zone showed expansion potential; highlight intercepts include 1.4 meters at 34.4 g/t gold.
  • 2024 program to continue drilling west of Dolphin/Cleary area and target unexplored vein zones.

Osisko Development Corp. - Trixie Test Mine

  • Completed 6,028 meters in 73 holes; high sulphidation epithermal Au-Ag target.
  • Highlight intercepts include 66.04 g/t Au over 8.99 meters; new mineral resource estimate expected in March 2024.

VR Resources Ltd. - New Boston Property

  • Final drill planning site visit completed for the maiden drill program.
  • Historic hole NB-1 intersected 318 ft @ 0.14% Cu and 0.08% MoS2.
  • Two planned drill holes into East Zone conductor; project in Nevada's Walker Lane mineral belt.

1911 Gold Corporation - Rice Lake Gold Property

  • Assay results from Fall 2022 drill program; focused on historical Central Manitoba gold mine.
  • Highlight intercepts include 2.75 m of 2.27 g/t Au; extended mineralization along Wentworth and Hope-Roger vein corridors.

G2 Goldfields Inc. - OKO Project

  • Results from 20 diamond drill holes totaling 4,783 meters at Ghanie Zone.
  • Highlight intercepts include 7.5 g/t Au over 5.5 m and 42.2 g/t Au over 3.0 m.
  • Maiden mineral resource estimate with 974,000 oz. Au inferred and 220,000 oz. Au indicated.

Inca Minerals - Frewena East Tenement

  • Secured Cultural Heritage Agreement for phosphate drilling; exploration target estimated up to 761 million tonnes at 14-18% P2O5.
  • Historical drill results include significant intercepts such as 5m at 24.8% P2O5.
  • Aim to convert exploration targets to resources with proposed drill spacing to define an inferred resource.

Anson Resources - Green River Lithium Project

  • Drilling aims to sample brines from Clastic Zones and Mississippian Units; maiden JORC Mineral Resource targeted.
  • Holds 1,251 placer claims over 10,620 hectares; Exploration Target for combined units established.
  • Drilling program to prevent interaction between surface waters and lithium brines.

Aurum - Boundiali Gold Project

  • Purchased third diamond drill rig, Nock 800, to accelerate exploration.
  • Over 9000 meters of diamond drilling completed across two exploration tenements.
  • Plans to complete 30,000 meters of diamond drilling in 2024; aiming for maiden JORC-compliant resources.

K92 Mining Inc. - Arakompa Project

  • Maiden drilling at Arakompa project near Kainantu Gold Mine.
  • Highlight intercepts include 7.20 m at 24.76 g/t AuEq; large target size with mineralization open.
  • Exploration to expand with similarities to Kora and Judd systems noted.

NGEX Minerals Ltd. - Lunahuasi Project

  • Significant copper, gold, and silver mineralization open in all directions.
  • Highlight intercepts include 102.0m at 4.56% CuEq; 15,000m drilling planned, 8,614m completed.
  • Listed on TSX Venture Exchange, approved to list on Toronto Stock Exchange.

American Pacific Mining Corp. - Madison Copper-Gold Project

  • Phase I diamond drilling of five holes totaling 1,350 meters to confirm and extend historical findings.
  • Historical highlight intercepts include 14.69 m at 12.10 g/t Au and 61.63 m at 6.97% Cu.
  • Phase II regional drill program planned; potential buried intrusive heat source indicated.

EGR Exploration Ltd. - Detour West Property

  • Drill permit received for 123 Reverse Circulation (RC) drill holes.
  • Aims to test for gold-in-till dispersal trains and collect lithological data.
  • Located in the Abitibi Greenstone Belt, 300 kilometers north of Timmins, Ontario.

First Lithium Limited (ASX:FL1) - Faraba Prospect

  • Positive assay results from eight diamond drill holes; highlight intercepts include 5.97m at 1.12% Li2O.
  • Stage 1 drilling campaign completed approximately 2,000m across 13 diamond drill holes and 7 reverse circulation holes.
  • Targeted northwest-oriented pegmatites; drilling perpendicular to pegmatite bodies.

Carlyle Commodities Corp. - Newton Gold & Silver Project

  • Completed 840 meters across seven drill holes; highlight intercept includes 0.75 g/t gold over 39 meters.
  • New higher-grade gold and silver bearing zone, Halo area, confirmed north of current inferred mineral resource.
  • Sunrise area also confirmed gold and silver mineralization, with 0.15 g/t gold from 9 to 54 meters.

Atco Mining Inc. - Atlantic Uranium Project

  • Contracted for drilling in Athabasca Basin; area includes 7 mineral claims.
  • Historical drilling revealed uranium mineralization; hydrothermal alteration zones suggested by density anomalies.
  • Exploration trend with several uranium occurrences; drilling to identify mineralized portions of structures.

Dryden Gold Corp. - Gold Rock Camp

  • Initial drilling program completed; 1,613 meters over 13 shallow drill holes.
  • Highlight intercepts include 26.11 g/t gold over 3.16 meters; confirmed strike length of 1.5 km.
  • Phases four and five of drilling planned with a total expected program of 4,000 meters.

NOTE: Based on drilling disclosures released since 9:00 AM EST on Friday February 23, 2024, from public filings. Please consider these summaries as an overview and refer to the full filings for detailed information!


Emily King

Founder + Entrepreneur + Mining Prospector + Global Venture

1 年

Just thinking also - would this be better/easier to absorb as a substack? Need to get some tips from Dan Entrup

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