West Red Lake Gold Intersects 48.97 g/t Au over 18.7m

West Red Lake Gold Mines (TSX.V: WRLG)

Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of North western Ontario, Canada.

Hole MM25D-12-4669-024 Intersected 18.7m @ 48.97 g/t Au, from 5.3m to 24.0m, Including 2m @ 428.83 g/t Au, from 20.5m to 22.5m.

 

 

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West Red Lake Gold Mines

Madsen Mill – Courtesy of West Red Lake Gold Mines

 

 

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West Red Lake Gold TSX.V : WRLG
Stage Exploration / Development
Metals Gold
Market cap C$298 m   @ 85 cents
Location Ontario, Canada
Website www.westredlakegold.com

 

 

 

Comment

Wow, what a hole!

These drill results have really woken up the share price today, and with good reason.

The visible gold comment is exciting, and this news comes just as the company is ramping up production ready to switch on the Madsen Mill.

I topped up last week, and may do so again now.

 

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West Red Lake Gold Intersects 48.97 g/t Au over 18.7m, 52.86 g/t Au over 4.5m and 25.49 g/t Au over 7.5m at South Austin – Madsen Mine

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West Red Lake Gold Mines Ltd.(“West Red Lake Gold” or “WRLG” or the “Company”) (TSX.V: WRLG)(OTCQB: WRLGF) is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of North western Ontario, Canada.

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The drill results featured in this news release are focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces (“oz”) grading 8.7 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au.

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Hole MM25D-12-4669-024 Intersected 18.7m @ 48.97 g/t Au, from 5.3m to 24.0m, Including 2m @ 428.83 g/t Au, from 20.5m to 22.5m, Also including 0.5m @ 16.06 g/t Au, from 23.5m to 24.0m.

This high-grade intercept was complimented by visible gold hosted within highly deformed quartz-carbonate-diopside veinlets.

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Shane Williams, President & CEO stated 

“As the underground definition drill program at Madsen advances at depth we continue to unlock significant value within the orebody.

 

“While the life-of-mine resource model accurately informs metal content throughout the deposit, it is tight-spaced drilling provides the resolution needed to properly quantify and realize further upside potential from the very high-grade pockets of gold mineralization ahead of stope design.

 

“The area highlighted in this update sits just beneath Stope 6 from our recent bulk sampling program and demonstrates the growth potential and increased continuity we are seeing in the deposit at depth.

 

“Having just reported excellent reconciliation results from our bulk sampling campaign, and with strong tailwinds from a rising gold market, the team’s confidence level is high as we move towards ramping up production at Madsen in the second half of 2025.”

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in West Red Lake Gold Mines.

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Cartier Confirms Depth Extension at Chimo

Cartier Resources (TSX.V: ECR)

Announced drill results below the West Nordeau deposit of the Chimo Mine Gold System from its ongoing drilling program on the Chimo Mine property and contiguous East Cadillac property. properties are located 45 km east of the Val-d’Or mining camp.

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Cartier Resources

Cartier Resources – Longitudinal section drill plan for 2022 – 2023 campaign

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Cartier Resources TSX.v : ECR
Stage Exploration
Metals Gold
Market cap C$26.5 m   @ 9.5 cents
Location Quebec, Canada

 

DRILLING OF THE CHIMO MINE PROJECT CONFIRMS DEPTH EXTENSION OF WEST NORDEAU DEPOSIT

 

Val-d’Or, January 24th, 2023 Cartier Resources Inc. (TSX.V: ECR) (“Cartier”) announces drill results below the West Nordeau deposit of the Chimo Mine Gold System (FIGURE) from its ongoing drilling program on the Chimo Mine property and contiguous East Cadillac property. Both properties, 100% owned by Cartier, are located 45 km east of the Val-d’Or mining camp.

 

The results available from the laboratory to date for the current drilling in the West Nordeau Sector are as follows:

 

  • In the eastern part of the West Nordeau deposit (5NE2 Gold Zone), drilling intersected 4g/t Au over 6.5 m included within broader sections grading 2.3 g/t Au over 23.0 m and 2.1 g/t Au over 14.0 m (FIGURE).

 

  • In the western part of the West Nordeau deposit (5NE1 Gold Zone), drilling intersected 3g/t Au over 1.0 m included within an interval grading 2.4 g/t Au over 5.6 m (FIGURE)

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Philippe Cloutier, President and CEO of Cartier Resources commented;

“These results confirm the continuity of the mineralization below the West Nordeau deposit, with a view of extending exploration, to define additional resources to the same depth as in the Chimo Mine and East Chimo Mine sectors.

 

“The depth extension of the West Nordeau sector is important to add resources to the project. 

 

The Chimo Mine Project now consists of 29 gold zones that are situated within 19 gold structures, drilled over a strike length of 3.7 km and locally up to a depth of 1.6 km  where the recent mineral resource estimate, dated August 22, 2022*, reported:

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To read the full news release, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds no shares in Cartier Resources.

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Westhaven Drills 5.66 M of 6.83 g/t Gold

 Westhaven Gold (TSX.V: WHN) is pleased to announce initial drill results from its recently completed drill campaign at its 100% owned Skoonka Creek gold property.

Skoonka Creek is located within the prospective Spences Bridge Gold Belt (SBGB), a four-hour drive from Vancouver, and 12 km northeast of Lytton, BC.  

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Westhaven Gold TSX.v : WHN
Stage Exploration
Metals Gold
Market cap C$55 m   @ 42 cents
Location British Columbia, Canada

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Westhaven Gold

Westhaven Gold drill plan map April 2022, Shovelnose Mountain, British Columbia

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Westhaven Drills 5.66 Metres of 6.83 g/t Gold and 1.90 Metres of 21.15 g/t Gold at the Skoonka Creek Gold Property.

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Westhaven Gold Corp. (TSX-V:WHN) is pleased to announce initial drill results from its recently completed drill campaign at its 100% owned Skoonka Creek gold property.

Skoonka Creek is located within the prospective Spences Bridge Gold Belt (SBGB), a four-hour drive from Vancouver, and 12 km northeast of Lytton, BC.

 

 

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds no shares in the company mentioned.

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Cabral Gold Drills 6.4m @ 11.6 g/t gold

Cabral Gold (TSX.V: CBR)
Provided assay results from five diamond-drill holes testing the Machichie Main zone discovery within the Cuiú Cuiú gold district.
 
Highlight was drill hole DDH303 which returned 6.4m @ 11.6 g/t gold from 123.6m including 1.1m @ 60.0 g/t gold.

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Cabral Gold TSX.V : CBR
Stage Exploration
Metals Gold
Market cap C$52.3 m   @ 34.5c
Location Cuiú Cuiú , Tapajos, Para State, Brazil

 

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Cabral Gold

Cabral Gold map

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Cabral Gold Drills 6.4m @ 11.6 g/t gold including 1.1m @ 60.0 g/t gold at the Machichie Main Zone, Cuiú Cuiú Gold District 

Vancouver, British Columbia – August 25, 2022 – Cabral Gold Inc. (“Cabral” or the Company”) (TSX.V: CBR) (OTC: CBGZF) is pleased to provide assay results from five diamond-drill holes testing the Machichie Main zone discovery within the Cuiú Cuiú gold district.
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Highlights are as follows:

 
  • DDH303 returned the following intervals in primary intrusive basement rocks; 
  • 6.4m @ 11.6 g/t gold from 123.6m including 1.1m @ 60.0 g/t gold
  • 3.8m @ 1.3 g/t gold from 81.9m 
  • 1.9m @ 2.2 g/t gold, from 76.8m
 
  • DDH279 returned the following intervals in primary intrusive basement rocks; 
  • 16m @ 2.9 g/t gold from 112.4m including 1.1m @ 29.7 g/t gold
  • 3.6m @ 3.4 g/t gold from 232.6m including 0.5m @ 14.9 g/t gold
  • 3.2m @ 2.7 g/t gold, from 77.2m
  • 3.0m @ 1.1 g/t gold, from 138.5m
 
  • DDH302 returned 7.3m @ 5.0 g/t gold from 202.5m, including 1.8m @ 18.5 g/t gold. DDH300 returned 15.7m @ 1.6 g/t gold from 176.2m, including 0.8m @ 8.9 g/t gold, and 0.5m @ 12.5 g/t gold. DDH301 returned 12.2m @ 1.4 g/t gold from 215.6m 
 
  • These diamond-drill results from Machichie provide further evidence of the continuity of the Machichie Main zone at depth and indicate that this zone also contains a significant amount of high-grade gold mineralization 
 
 

Alan Carter, Cabral’s President and CEO commented;

“These drill results from the eastern part of the Machichie Main zone extend the mineralized zone to depth, it remains open down-dip on every section.
“All five follow-up diamond-drill holes at the Machichie Main zone cut broad zones of alteration including significant zones of high-grade mineralization. This is very similar to the style of mineralization found within the Central and MG gold deposits, as well as the new PDM discovery.
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“Recent trenching to the west also suggests that the Machichie Main zone extends for more than 900m along strike. To the west, it coalesces with a major north-east trending vein array.
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“Combined, the Machichie W, Machichie SW, Machichie Main zone and Machichie NE target areas are now referred to as the Machichie Complex, which is likely to grow into a significant deposit.” 
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For brevity, this summary has been redacted, to read the full news release, please click HERE
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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds no shares in Cabral Gold. 

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To read our full terms and conditions, please click HERE




Karora Resources Drills 6 G/T Au Over 13 m

Karora Resources (TSX: KRR)

Announced continued exploration drilling success in targeting new gold mineralized shear zones in support of its growth plan strategy to deliver increased gold production  by 2024.

Parallel shear zones to the Larkin Zone Mineral Resource, referred to as Mason and Cowcill, returned significant gold assays in the first two drill holes of a twenty-four-hole program, the highlight was  6.0 g/t Au over 13 m. 

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Karora Resources TSX: KRR
Stage Production + Development + Exploration
Metals Gold + Nickel
Market cap C$538 million @ C$3.13
Location Kalgoorlie, Western Australia

 

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Karora Resources

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Karora Resources Drills 6.0 G/T Au Over 13.0 Metres In New Mason Zone And Provides Beta Hunt Development Update

 

TORONTO, Aug. 23, 2022/CNW/ – Karora Resources Inc. (TSX: KRR)  (“Karora” or the “Corporation”) is pleased to announce continued exploration drilling success in targeting new gold mineralized shear zones in support of its growth plan strategy to deliver increased gold production in the targeted range of 185,000 to 205,000 ounces by 2024.

Interpreted parallel shear zones to the Larkin Zone Mineral Resource, referred to as Mason and Cowcill, returned significant gold assays in the first two drill holes of a twenty-four-hole program1as highlighted below.

  • Mason: 6.0 g/t Au over 13.0 metres (BM1890-25AE)
  • Cowcill: 2.4 g/t Au over 5.0 metres (BC1704-009AE)

N.B.

Interval lengths are downhole widths. Estimated true widths cannot be determined with available information.

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Additionally, Karora is pleased to announce that construction activities to install the second decline at the Beta Hunt Mine are approximately 67% complete and the Corporation remains on track and on budget to complete construction in the first quarter of 2023 (as previously announced, ahead of the original complete target date of mid-year 2023).

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Work on the vent raise is scheduled to begin at the end of the month, with the expectation that the decline will be functioning in the second quarter of 2023.

Paul Andre Huet, Chairman & CEO, commented:

“I am encouraged by the first set of new gold drill results from the Mason and Cowcill shear zones.

 

“The results support our previous interpretation of these gold mineralized systems that run parallel to the Larkin Zone on both sides.

 

“I am particularly excited that the first two holes of our 24-hole program in this area both returned excellent results including 6.0 g/t over 13.0 metres.

 

“Today’s results are another great example of the Mineral Resource growth potential that exists at Beta Hunt, considering both Mason and Cowcill are outside the existing Mineral Resource.

 

“Our flagship Beta Hunt Mine is a literal beehive of mining, drilling, development, and expansion activities.

 

“In addition to our recent exploration and resource definition drilling results, completing the second decline and vent raise installations at Beta Hunt are also critical tasks to position us to achieve our growth plan targets and I am very pleased that both are proceeding more rapidly than originally forecast.

 

“We have poured the vent pad and are scheduled to commence work on the vent raise beginning at the end of August. We currently expect that the second decline will be functioning by the end of the second quarter of 2023.

!Our team, along with our contractors, have been doing a great job executing on the plan.

 

“Overall, we expect to finish the project significantly ahead of our original schedule and under our original budget.”

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Results for the first two holes drilled this year to test for the Mason and Cowcill Zones were received.

Mason and Cowcill are interpreted parallel gold mineralized shear zones to the Larkin Zone. The drill targets are supported by overlying nickel mineralization trends and historical gold intersections in the footwall to the nickel.

A section of the Cowcill Zone has also been mined historically for gold. The potential of the Mason Zone was realized late last year where drill hole EL-EA2-004AE intersected the widest ever mineralized interval drilled by Karora at Beta Hunt – 1.5 g/t Au over 90 metres including 50.9 g/t Au over 0.4 metres – approximately 250 metres west of the Larkin Zone (Karora news release dated November 15, 2021).

Significant results were received in both holes and are listed below:

  • Mason: BM1890-25AE – 6.0 g/t Au over 13.0 metres
  • Cowcill: BC1704-009AE – 2.4g/t Au over 5.0 metres

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This news release has been abridged for brevity. To read the full news release, please click HERE

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=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Karora Resources, bought in the market at the prevailing price on the days of purchase. 

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To read our full terms and conditions, please click HERE




Los Cerros report 28m @ 3.34g/t Au at Tesorito

Los Cerros Limited (ASX: LCL)

Provided an update on recent infill drilling at Tesorito, an at-surface porphyry discovery that forms part of the 100% owned Quinchia Gold Project, in Risaralda – Colombia.

Quinchia is a cluster of porphyry and epithermal gold targets within a 3km radius, underpinned by established Mineral Resources of 2.6Moz @1g/t Au1

 

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Los Cerros ASX: LCL
Stage Exploration
Metals Gold, copper
Market cap A$20 m  @ 3.1 c
Location Risaralda, Colombia

 

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Los Cerros Tesorito project panoramic view

 

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Los Cerros report 28m @ 3.34g/t Au in Tesorito Infill Drilling at Tesorito

 

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Los Cerros Limited (ASX: LCL) (Los Cerros or the Company) is pleased to provide this update on recent infill drilling at Tesorito, an at-surface porphyry discovery that forms part of the 100% owned Quinchia Gold Project, in Risaralda – Colombia.

Quinchia is a cluster of porphyry and epithermal gold targets within a 3km radius (Figure 1), underpinned by established Mineral Resources of 2.6Moz @1g/t Au1
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A short Tesorito infill drilling program comprising three drill holes was undertaken to increase drill hole density in the area that defines the high-grade potential starter pit within the 1.3Moz Tesorito Inferred Resource pit shell.

Lithology logs and gold assays for all three infill diamond drill holes were consistent with geology model expectations, again demonstrating wide, high grade gold mineralization starting from or near to surface.

Best results include:

• 255.9m @ 0.86g/t Au from surface including
o 121.2m @ 1.25g/t Au from 96m in TS-DH64
• 296.0m @ 0.82g/t Au from 4m including 98.1m @ 1.65g/t Au including
o 16.1m @ 3.11g/t Au from 189.8m in TS-DH65
• 196m @ 1.28g/t Au from surface including 89.3m @ 2.02g/t Au from 46.7m including
o 28.0m @ 3.34g/t Au from 106m in TS-DH66.

▪ Tesorito infill drilling delivers more high grade gold intercepts including:
▪ 255.9m @ 0.86g/t Au from surface including 121.2m @ 1.25g/t Au from 96m in TS-DH64
▪ 296.0m @ 0.82g/t Au from 4m including 98.1m @ 1.65g/t Au from 189.9m including
o 16.1m @ 3.11g/t Au from 189.9m in TS-DH65
▪ 196m @ 1.28g/t Au from surface including 89.3m @ 2.02g/t Au from 46.7m including
o 28.0m @ 3.34g/t Au from 106m in TS-DH66
▪ Infill program has been designed to better define potential high grade starter pit
▪ Strong cash position of over $13 million at end of June ensures Los Cerros is well funded to continue advancing Miraflores and Tesorito deposits within the Quinchia Gold Project.

The higher grade material is associated with the porphyry core or breccia that surrounds it. All three drill holes crossed Marmato Fault lithologies and left the porphyry system at predicted depths.

 

Los Cerros management comments

“With a backdrop of difficult markets and increased risk aversion, the Company is focussed on advancing and de-risking mature prospects within the Quinchia Gold Project.

 

“Recently announced results of Tesorito metallurgical test work demonstrated Tesorito ore is likely to be amenable to a conventional process flow and to enjoy typical porphyry style recovery performance characteristics, contains a mix of Inferred, Indicated and Measured Resources. Using Tesorito MRE of 1.3Moz @ 0.81 g/t Au.”

Los Cerros Managing Director, Jason Stirbinskis

 

“The Miraflores Reserve is included in the Miraflores Resource. Refer ASX announcement dated 14 March 2017 (Miraflores Resource) and 27 November 2017
(Miraflores Reserve) and 25 February 2020 (Dosquebradas Resource) and 22 March 2022 (Tesorito Resource).

The Company confirms that it is not aware of any new information or data that materially affects the information included in the market announcements, and that all
material assumptions and technical parameters underpinning the estimates continue to apply.

 

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.Disclosure

The writer holds shares in Los Cerros Resources, bought in the market at the prevailing price on the days of purchase.

.

To read our full terms and conditions, please click HERE




O3 Mining Expands Mineralized Corridor At Camflo

O3 Mining Inc. (TSX.V: OIII)

Announced it has received results and interpretation from its 6,338 metres drilling campaign on the Camflo Extension deposit, on the Marban Project in Val-d’Or, Quebec.

The glory hole was 1.1 g/t Au over 94.3 metres.  […] 

 

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O3 Mining TSX.V : Olll
Stage Exploration
Metals Gold
Market cap C$155 m   @ C$2.28
Location Quebec, Canada

 

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O3 Mining detailed drill map

O3 mining detailed Malartic map

 

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O3 Mining Expands Mineralization Corridor At Camflo Extension, Intersecting 94 Metres at 1.1 g/t Au

TSXV:OIII  – O3 Mining

TORONTO, June 30, 2022/CNW/ –O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining” or the “Corporation) is pleased to announce it has received results and interpretation from its 6,338 metres drilling campaign on the Camflo Extension deposit, on the Marban Project in Val-d’Or, Quebec, Canada.

Drilling Highlights

  • 1.1 g/t Au over 94.3 metresincluding13.8 g/t Au over 1.1 metresin hole O3MA-22-253-W1.
  • 0.7 g/t Au over 116.5 metresand26.8 g/t Au over 1.0 metrein hole O3MA-21-253.
  • All holes and wedges returned large mineralized intervals within the Camflo Plug.

The Camflo deposit was first discovered in 1962 by Camflo Mines, and was in production for 30 years from 1962 to 1992.

It produced a total of1.89 million ounces of gold from 10.3 million tonnes of ore grading 5.7 g/t Au.

From this amount, 0.24 million ounces of gold were extracted within the current O3 Mining Marban project claims(Source: QERPUB-M.E.R. Publication DV93-01 Rapports des Géologues Résidents sur l’Activité Minière Régionale, 1993).

Historically, gold production was mainly restricted to the Camflo Plug, a cigar shaped quartz-monzonitic intrusion that plunges 60° towards the north-east.

Although the Camflo plug at surface is outside O3 Mining’s property claims, the extension of the plug and the mine below 800 vertical metres is within the Marban project, as it plunges toward the north-east.

Exploration efforts by O3 Mining aimed to test the depth extensions of the historic Camflo deposit, as well as test for additional high-grade zones.

A total of 6,338 metres in 2 drill holes and 3 wedges were drilled on the Camflo Extension, with results summarized in Table 1. Assay results are pending for hole O3MA-22-254-W1.

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O3 Mining management comments

“The Camflo mine was the first mine from which Barrick Gold started its successful journey, and was stopped due to a challenging gold price environment but not due to a lack of ore.

 

“O3 Mining owns 100% of the Camflo Extension deposit which we successfully tested and verified that it remains a rich mineralized area at depth.

 

“We believe more drilling in this area will unveil its full potential, however, it demands more financial resources which we are allocating to our current brownfield drilling at Marban Engineering to maximize returns to our shareholders.”

O3 Mining President and Chief Executive Officer, Mr. Jose Vizquerra

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To read the full news release, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in O3 Mining, bought in the market at the prevailing price on the days of purchase.

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To read our full terms and conditions, please click HERE




Banyan Gold Intersects 1.16 G/T Gold over 68.9m

Banyan Gold Corp. (TSX.V: BYN)

Announced results from twenty-one diamond drill holes completed during the Company’s 2021 exploration program at the Powerline deposit located on the AurMac Property.

The glory hole was 68.9 m of 1.16 g/t Au.   […] 

 

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Banyan Gold TSX.V: BYN
Stage Exploration
Metal Gold
Market cap C$111 m @ 49c
Location Yukon, Canada
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Banyan Gold Aurmac Exploration map

Banyan Gold – Aurmac Exploration map, Yukon, Canada.

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VANCOUVER, BC, March 30, 2022 – Banyan Gold Corp. (the “Company” or “Banyan“) (TSXV: BYN) (OTCQB: BYAGF) is pleased to announce analytical results from twenty-one (21) diamond drill holes completed during the Company’s 2021 exploration program at the Powerline deposit (the “Powerline Deposit”) located on the Company’s AurMac Property.

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Assay highlights include:

  • 48.6 metres (“m”) of 0.51 g/t Au from 36.7 m in DDH AX-21-166
  • 69.4 m of 0.63 g/t Au from 125.9 m in DDH AX-21-170
  • 47.2 m of 0.50 g/t Au from surface (10.7 m) in AX-21-191
  • 70.0 m of 0.65 g/t Au from surface (10.7 m) in AX-21-194
  • 96.7 m of 0.86 g/t Au from 73.4 m in AX-21-197
  • 81.9 m of 0.79 g/t Au from 32.5 m in AX-21-199
  • 68.9 m of 1.16 g/t Au from surface (10.7 m) in AX-21-202

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Banyan Gold management comments

“These latest assay results from our 2021 drill program continues to show the extensive nature of gold mineralization around the Powerline Deposit on the AurMac Property, and importantly, continues to add to the interpreted geologic controls that will be used to update the AurMac Gold Resource estimations during the second quarter.”

 

“We are looking forward to the remaining sixteen holes from the 2021 program.”

Tara Christie, President & CEO of Banyan Gold

 

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For brevity, this summary has been redacted, to read the full news release, please click HERE

 

Image 1: Photographs of visible gold from:

A) AX-21-167: 173.7 m to 175.0 m – 1.17 g/t Au over 1.3 m
B) AX-21-170: 187.5 m to 188.5 m – 0.23 g/t Au over 1.0 m
C) AX-21-187: 96.4 m to 96.7 m – 24.4 g/t Au over 0.4 m
D) AX-21-194: 39.3 m to 39.9 m – 0.60 g/t Au over 0.5 m

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Powerline Drill Hole Locations and Drill Plan Map, showing historic, completed, and proposed diamond drill holes.

 

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.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

To read our full terms and conditions, please click HERE