Prospector Exploration & Drilling Updates - March 25, 2024

Prospector Exploration & Drilling Updates - March 25, 2024

Exploration and drilling updates for today organized by country - congrats to all of the companies with recent updates!

Canada

ALX Resources Corp. - Gibbons Creek Uranium Project, Saskatchewan

  • Winter drilling program ongoing, expected completion by early April 2024.
  • Highlight: Two holes intersected narrow intervals of uranium mineralization.
  • Entered option earn-in transaction with Trinex Minerals Limited.

Dryden Gold Corp. - Elora Gold System, Ontario

  • Phase 3 drill program completed, highlighting high-grade controls.
  • Highlight: 14.10 g/t gold over 7.54 meters intercepted in hole KW-24-008.
  • Phase 4 drilling completed, with results pending, aiming for depth expansion.

Fission Uranium Corp. - Patterson Lake South (PLS) Uranium Project, Saskatchewan

  • Winter 2024 exploration concluded, with 5,567 meters drilled across 15 holes.
  • Highlight: Anomalous radioactivity was recorded in East Extension and Saloon target areas.
  • Further work is prioritized based on encouraging winter program results.

Peru

Western Metallica Resources Corp. - Ca?a Brava Project, Northern Peru

  • Geophysical and field mapping activities are underway to identify porphyry copper-molybdenum mineralization.
  • Highlight: Extensive alteration footprints and magnetic anomalies suggest potential large porphyry systems.
  • Scout drilling program set to commence by Q3-2024

EV Resources Limited - Parag Copper-Molybdenum Project

  • Maiden drill campaign completed, seven diamond drill holes for a total of 1,980 meters.
  • Highlight: Hole APG-DDH-001 showed 332 meters at 1.36% Copper Equivalent (CuEq) from near the surface.
  • The campaign to resume in May after the wet season, supporting the geological model.

Botswana

Si6 Metals Limited - Botswana Projects & Another Update

  • Significant drilling program completed across Dibete Cu-Ag, Airstrip Cu-Ag, and Maibele North Ni-Cu-PGE projects.
  • Highlight at Dibete: Confirmed "supergene" zone with 6.15m at 7.20% Cu and 182 g/t Ag.
  • Maibele North focused on Ni-Cu-Co-PGE mineralization, remaining open in various directions.

Mongolia

Xanadu Mines Ltd. - Red Mountain Project

  • Initial 5,000-meter diamond drilling program commenced, focusing on shallow, high-grade gold and copper-gold deposits.
  • Progressing through various target areas, with assay results anticipated by the end of June 2024.
  • Exploration draws comparison to the shallow parts of the Northparkes deposits.

Mali

Toubani Resources - Kobada Gold Project

  • Comprehensive resource definition drilling program in progress since February 2024.
  • Highlight: 71m at 1.86g/t gold intercepted, demonstrating the project's significant mineralization.
  • Geared towards advancing the project through detailed engineering studies.

Australia

Kaili Resources Limited - Lameroo Project, South Australia

  • Initial air core drilling program focused on rare earth elements (REE) within the Murray Basin.
  • Highlight: 1m @ 356 ppm TREO from 18m - 19m, indicating the presence of valuable MREO.
  • The project has significant potential for REE exploration, with further drilling planned.

United States

Showcase Minerals Inc. - Dixie Flats-North Star Gold Project, Nevada

  • 12-hole exploration drill program contracted to investigate potential gold deposits.
  • Driven by historic drillhole analyzation and geophysical surveys aimed at delineating drill targets.
  • The program signifies a pivotal phase in exploring the property's potential.

Disclosure: This summary was prepared using AI by Prospector, based on drilling and exploration updates disclosed in public filings released since 9:00 AM EST, 2024-03-22. Readers should refer directly to the provided links for detailed information and understand that drilling results are subject to validation and further review.

Jason Powell

Looking for new Clients. Investor Relations, Seasoned executive with 15+ years driving strategic growth and investor engagement for public companies. I received over 1 million views on my LinkedIn posts in 2023.

8 个月

Thanks for the update

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