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Pasofino Gold Announces Start of Drilling at ‘Bukon Jedeh’, Dugbe Gold Project in Liberia

by Montpellier Montpellier No Comments

oronto, Ontario–(Newsfile Corp. – April 16, 2024) – Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) (“Pasofino” or the “Company“) is pleased to announce the arrival of a drilling rig and crews at the Bukon Jedeh ‘gold camp’ at the Company’s Dugbe Gold Project, Liberia. Drilling at the site is expected to commence in the coming days.

As announced on February 26, 2024, Bukon Jedeh is a priority target for gold exploration only 10 km southeast of the Company’s Dugbe Gold Project (3.3 Moz Measured and Indicated Mineral Resource Estimate[1]) and is located on a 4.1km trend of highly productive artisanal gold mining with activity for over 80 years. There are presently more than 10 artisanal-scale pits with gold being extracted from bedrock up to 60 m below surface.

Click here to read full announcement

Learn more about Pasofino Gold by visiting their website: Pasofinogold.com

Ezybandz Inc. – A Global Medical Alert Company

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Empowering independence from chronic illness

Ezybandz Inc. is developing the next generation of smart, stylish, and connected wearable medical alert wristbands. Paired with cloud-based secure platforms, these wristbands offer independence from the constraints often faced by individuals with chronic illnesses.

Check the company website: https://ezybandz.com/

Australia is in discussions with the United Arab Emirates (UAE) to secure a trade deal

by Montpellier Montpellier No Comments

Australia is in discussions with the United Arab Emirates (UAE) to secure a trade deal aimed at unlocking billions in investments for its critical minerals sector. Trade Minister Don Farrell is optimistic about swift negotiations leading to substantial UAE investments as early as next year. This move aligns with the UAE’s US$30 billion climate-focused investment fund initiative and its broader strategy to diversify global critical minerals supply chains, traditionally dominated by China. The potential agreement could streamline investment processes and offer Australian projects priority under foreign investment guidelines.

Click here to read the full article on The West Australian

Kobo Resources to Attend the 2024 Vancouver Resource Investment Conference

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Mr. Edward Gosselin, Chief Executive Officer, and Mr. Paul Sarjeant, President and Chief Operating Officer to attend the 2024 Vancouver Resource Investment Conference exhibiting at booth 733

QUEBEC CITY, QC – Kobo Resources Inc. (“Kobo” or the “Company“) (TSX.V: KRI) is pleased to announce its participation in the upcoming 2024 Vancouver Resource Investment Conference (the “VRIC”) in Vancouver on January 21-22, 2024.

The VRIC has been the epicentre of junior mining investment in Canada for 25 years and attracts over 5,000 mining investors annually. The VRIC will include a marketplace of over 300 investment opportunities in the mining industry, spanning early-stage exploration to advanced producing mines. 

This conference offers an unparalleled opportunity for Kobo to showcase the recent exploration progress at its 100%-owned Kossou Gold Project and planned initiatives for 2024. The conference’s schedule includes curated meetings that pair investors with suitable projects, complemented by expert commentary and insights on the latest trends and developments in the mining industry.

Investors interested in attending the VRIC can register here: https://cambridgehouse.com/vancouver-resource-investment-conference. Kobo invites attendees to visit its booth where they will have the opportunity to engage directly with the Company’s management team and learn more about Kobo’s recent exploration efforts and upcoming plans.

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Condor Announces Feasibility Study For La India Open Pit.

by Montpellier Montpellier No Comments

Condor Gold (AIM: CNR; TSX: COG) is pleased to announce the results and details of a Feasibility Study, sometimes referred to as a Bankable Feasibility Study (“2022 FS”) on the La India open pit. The 2022 FS supports a Probable Mineral Reserve of 7.3Mt at 2.56g/t gold for 602,000 oz gold and a mine with an Internal Rate of Return (“IRR”) of 23% and a post tax and post upfront capital cost net present value (“NPV”) of US$86.9 million using a discount rate of 5% and price of US$1,600/oz gold. The 2022 FS brings the level of confidence for the Project to the industry standard of engineering design, sufficient to support +/- 15% capital and operating cost estimates.

The economic analysis in the 2022 FS (including IRR and NPV estimates) is based on the La India open pit only and does not include the Mineral Resources at the Mestiza, America, Central Breccia or El Cacao potential extractable as open pits or the Underground Mineral Resources at the La India, Mestiza, America, El Cacao, San Lucas or Cristalito-Tatescame vein sets. Condor believes there is high degree of certainty that additional open pit and underground Mineral Resources can be converted to Mineral Reserves and added to the mine plan through further studies.

Highlights: Feasibility Study La India Open Pit only

The 2022 FS demonstrates a robust and economically viable base case for the La India open pit:

  1. Probable Mineral Reserve of 7.3Mt at 2.56g/t gold for 602,000 oz gold
  2. Production averages 81,545 oz gold per annum for the first 6 years of an 8.4 year mine life
  3. An Internal Rate of Return (“IRR”) of 23% and a post tax, post upfront capital cost NPV of US$86.9 million using a discount rate of 5% and price of US$1,600 oz gold (Mineral Reserve Case).
  4. An Internal Rate of Return (“IRR”) of 43% and a post tax, post upfront capital cost NPV of US$205.2 million using a discount rate of 5% and price of US$2,000 oz gold.
  5. Low initial capital requirement of US$105.5 million (including contingency and EPCM contract)
  6. Low average Life of Mine All-in Sustaining cash costs US$1,039 per oz gold

Click here to read full ASX announcement

Learn more about Condor Gold Plc at: www.condorgold.com

Gold Exploration to Commence on Australian High-Grade Targets

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Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN) announces that following a major corporate restructuring exercise that has made the Company debt free and with cash at bank, it now intends to commence an active exploration and drilling programme at its Wishbone II gold project in Queensland Australia.

As previously reported regarding Wishbone II, high-grade surface rock-chip samples with assays at surface up to 25.2 grams per tonne gold (“g/t Au”) at the Hanging Valley prospect have been recorded and 7.32 g/t Au were recorded at the Oaky Mill prospect on the licence.

The Wishbone II, III and IV Projects are a sizeable 14,700 hectare 100% owned group of Exploration Licences in the Mingela area located about 80km south of the major Queensland port city of Townsville. As previously reported by the Company, the area is bounded by a large shear zone structure along which historical gold mineralisation has been encountered.

Click here to read the full announcement

Learn more about Wishbone Gold plc: www.wishbonegold.com