| | | HMLO, IAU, ARK, TUO
Henlo Explorers aka HMLO has commenced the first drill campaign since 1985 on its Project Idaho prospect in Ontario. They are investigating a 3km long zone which has a number of similarities to the Marathon Pd/CU 2km to the west being developed into a mine by GMIN. There are also Au targets. If they manage to hit significant minerlaization, this could be a company-making discovery.
Message 34347036
A day after releasing the best drill intercepts to date from their Mcoy-Cove property, Nevada gold miner i-80 Gold aka IAU brings us what they call a 'Comprehensive operations update'. I didn't notice anything that seemed new, but it is useful to have all this info in one article.
On their Granite Creek property, they continue to basically do test mining, extracting ore while they continue to dewater existing workings while advancing a new decline to access the Ogee zone and eventually their new discovery, the South Pacific zone. The oxide ore is being sold to a third party while the refractory ore is being trucked to NGM's facility for processing. This test mining and ongoing drilling are feeding into an updated Resource Report and an initial PFBS.
At Mcoy-Cove, they are continuing their very successful underground drilling programme at the Cove deposit, which will feed into an FBS. Permitting and environmental studies are ongoing as they prepare to turn Cove into a high grade underground mine.
Ruby Hill has a lot going on, In addition to residual heap leach gold production, they are also drilling several CRD Zn/Pb/Ag deposits while also advancing an almost complete PEA and permiting for the Ruby Deeps Au deposit. They are also integrating the recently purchased southern addition to the property, as well as developing mine plans and preparing to renovate the existing mill while deciding how to process both the Au and CRD minerlaization.
At Lone tree, they continue to advance the refurbishing of the autoclave which will allow them to bring the processing of sulfide ore in house, even as they continue to produce Au from residual heap leaching.
Not sitting on their hands...
Message 34347043
Arras Minerals aka ARK remains firmly focused on finding large Au/Cu porphyrirs on their properties in Kazakhstan, but you could tell they were also excited by the possibility of new Au discoveries, and now we find out why. Recent exploration on their Elemes license has included grab samples from Soviet-era exploration trenches with assays up to 29 g/t Au, 287 g/t Ag, and 238 g/t Te (tellurium). These samples are being interpreted as being part of a low sulfidation epithermal deposit located close to a past-producing mine. This in turn is part of a larger complex of a number of types of deposits which contain Au, Ag, Cu, Pb, and Zn. Ongoing mapping and sampling and geophysics results will be used to define targets for future drilling.
Message 34347070
In their last PR, Teoton Resources aka TUO announced they and their JV partners were constructing two more step out drill pads to the northeast of the Goldstorm deposit on their Treaty Creek property in BC's Golden Triangle, and now we find out why with the release of assays from the first two step out holes of the season in that direction. One of the step outs found 7.5m of 11.56 g/t AuEq (11.46 g/t Au, 9.34 g/t Ag, 0.01 % Cu) within 124.5 m grading 1.51 g/t AuEq (1.38 g/t Au, 11.54 g/t Ag, 0.01% Cu) within a larger intercept of 412.5 m grading 1.01 g/t AuEq (0.93 g/t Au, 6.26 g/t Ag, 0.01 % Cu) -- these are the highest grade yet seen in Goldstorm -- while the other found 94.5 m averaging 1.80 g/t AuEq (1.14 g/t Au, 9.87 g/t Ag, 0.47 % Cu) within 337.5 m averaging 1.31 g/t AuEq (0.87 g/t Au, 6.89 g/t Ag, 0.32 % Cu). As well, infill drilling to convert Inferred mineralization to Indicated continues to produce grades higher than the existing resource.
They have been looking for the northern limits of mineralization at Goldstorm for more than two years now but keep on finding more metal, so they are leaving one rig doing exploration on the PerfectStorm deposit but moving the other five to extending Goldstorm to the north.
Message 34347103 |
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