OGC x 2, KTN, IAU, MAI
Oceanagold aka OGC picked the right day to release good drill results from two of their locations. What with gold also having a skookum few days, the shares are currently up over 10% on the day.
At their Haile gold mine gold mine in South Carolina, the ongoing resource conversion programme at Horseshoe Underground continues to pull strong intercepts like 73.8m @ 16.17g/t Au, while a similar drill programme at the nearby Palomino deposit yielded 73.2m @ 4.92g/t Au (including 9.1m @ 9.63g/t Au) in hole DDH1194 and 21.3m @ 6.15g/t Au (including 4.6m @ 16.32g/t Au). Both of these deposits are slated for future underground production, and will be part of an updated Resource Report early next year.
At the Wharekirauponga underground deposit, part of their Wahi gold project on New Zealand's south island and also slated for future production, an ongoing programme of exploration and resource conversion drilling continued to deliver high grade results like 5.0m @ 77.1g/t Au and 111.6g/t Ag and 8.4m @ 42.2g/t Au and 90.7g/t Ag. These results are from the EG Vein Zone, which still remains open in multiple directions.
Message 34508437
Then we heard from OGC that they have replaced their credit facility with a new one that encompasses $200M credit plus a $50M accordion, and they say it is on better terms than the facility it replaces, though no details are given.
ca.finance.yahoo.com
Kootenay Silver aka KTN released the final set of assays from this year's drill programme at their Columba silver prospect in Chihuahua, Mexico, and the D Vein continues to deliver, with intersections like 501 g/t Ag, 0.3% Pb, and 0.7% Zn over 10.26m from 173 meters downhole within a broad 24.26m of 228 g/t Ag. The two holes reported today are located at the southern end of known mineralization.
The D vein remains open in both directions along strike and at depth, which will be followed up by more drilling in the New Year eventually leading to a Resource Report late in 2024.
Message 34508477
Nevada gold miner i-80 Gold aka IAU released the latest results from drilling on the South Pacific Zone on its Granite Creek property. This is an area targeted for mining beginning in the first half of next year, so generating assays like 31.1 g/t Au over 21.9 m, 28.7 g/t over 16.5 m, 37.7 g/t Au over 7.6 m, & 11.9 g/t Au over 21.6 m is a real boost. Mining will begin once underground workings are extended from the Ogee Zone, where mining is currently underway. Even as underground drilling is delivering these impressive results, surface drilling is chipping in with assays like 15.5 g/t Au over 19.7m.
Mineralization from Granite Creek is being processed at Nevada Gold Mines' Twin Creeks facility until upgrades are completed at their own processing facilities.
Message 34508492
For those who want to dig into the details, Minera Alamos aka MAI has filed on Sedar the Technical Report for the recent Mineral Resources on its producing Santana gold property in Sonora, Mexico.
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