B2Gold aka BTO brought us news from its operations in the neighbourhood of its producing Fekola gold mine in Mali. They now have exploration permits covering the entirety of the nearby Anaconda property, located 20km from the Fekola mine itself. They have begun a drilling prgramme designed both to extend the existing saprolite (oxide) resource and to explore for deeper lying mineralization.
Moving even closer to Fekola, only 500M away in fact, they also released an updated Resource Report for the Cardinal zone. Between Indicated and Inferred, the Cardinal resource, which is already in production, now comprises over 1M oz Au. Drilling continues both at Cardinal and at several other nearby prospects.
These developments are all positive on their own, but when you add in the recent political instability in Mali, they also increase the country risk.
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I-80 Gold aka IAU released more drilling results from beneath the existing underground workings at their Granite Creek Au project in Nevada, where they are planning to start production later this year. This time the drilling was in the oddly named "South Pacific" zone, with the resulting promising enough -- highlighted intercepts include 17.2 g/t Au over 3.8M m and 22.0 g/t Au over 3.4M in hole iGS21-07, and 10.5 g/t Au over 3.8M and 8.0 g/t Au over 4.8M in hole iGS21-08 -- that the drill programme has been greatly expanded, with additional drill rigs being added. In addition, they now describe SPZ as the primary exploration target at Granite Creek. Once the drilling has been completed, we will get a new Resource Report.
Message 33690397
Wallbridge Mining aka WM released a set of drilling results from its Martiniere Au project, located just west of their main Fenelon gold project in Quebec. The results included a number of high grade if narrow results, like 46.76 g/t Au over 2.40M and 77.89 g/t Au over 1.00M. Most importantly, the drilling is starting to connect the known zones of mineralization into what is looking like one large block of potential ore. Wallbridge certainly thinks so, as they have budgeted for over 40km of drilling leading up to a Resource Report expected in Q4. If they can establish Martiniere as a bolt-on to Fenelon, which looks more and more likely, they will have a nice package to market to the bigger companies who will eventually build the mines.
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