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MAY 31, 2024 | 9:00 AM (MONTRÉAL TIME) / MAY 31, 2024 | 11:00 PM (SYDNEY TIME)
Tel. local & overseas: (+1) 416 764 8688
Tel. North America: (+1) 888 390 0546
Tel. Australia: 1800 076 068
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Find out more about Champion Iron at: www.championiron.com
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
Magnum enters into an agreement to take up a 50% share ownership of Middle East for Metallic Industrial (Midmetal)
It is intended that Midmetal construct and operate a Green Pig Iron Production Facility in the Kingdom of Saudi Arabia
It is also intended for Magnum Mining & Exploration Ltd to provide iron ore and biochar to the Green Pig Iron Production Facility.
Costs associated with the construction and operation of the Green Pig Iron Production Facility will be shared equally between the Shareholders of Midmetal.
A full financial model has not been completed at this stage due to the early phase the project is in and regulatory constraints. The Board of Magnum are satisfied that the project represents a compelling business case for development.
A small first pass, site reconnaissance soil and rock chip sampling program was completed 6-10 November 2023 at the newly acquired Bridgetown-Greenbushes project 250km south of Perth WA. No anomalous lithium was identified in 3 rock chip samples taken. Some encouragement was noted on E70/5981 where a micaceous felsic schist sample (MRP049763) recorded elevated values of 150ppm Be, 227ppm Rb and 128ppm Sn.
Roadside verge soil sampling was also conducted on E70/5980-5981 and E70/6551 centred about 10km south east of the Greenbushes mine. A total of 33 samples were taken overall with several areas returning anomalous lithium up to 91.9ppm Li against a background of about 20-40ppm Li.
234 pulps were retrieved from the 2021-2022 RC gold program at Yarmany and resubmitted for lithium and pathfinder geochemistry late in January 2024. The RC holes targeted gold where historic drilling had discovered anomalous mineralisation. No pegmatites were logged however on a routine drilling review in 2023, large zones, 20-30m wide, of white, pallid clays beneath a transported profile were noted. Elevated results from the pulps include:
4m @ 72.5ppm Cs, 30ppm Nb, 417.2ppm Rb and 55.5ppm Ta (YMRC22035 56-60m)
8m @ 93ppm Li (adjacent hole YMRC21036 20-28m, background values were 20- 40ppm Li)
All but one of the 2021-2022 drill holes, including YMRC21035-21036, lie outside the proposed anomalous soil areas. The above results do not confirm pegmatites or spodumene mineralisation, they do however indicate that pathfinders and lithium are active and requires further investigation.
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 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.
Horizon Minerals Limited (ASX: HRZ) and Greenstone Resources Limited (ASX: GSR) have agreed to a merger to be conducted by way of schemes of arrangement under the Corporations Act 2001 (Cth), whereby Horizon will acquire 100% of the fully paid ordinary shares in Greenstone (Share Scheme) and 100% of the listed Greenstone options (Options Scheme, and together with the Share Scheme, the Schemes), subject to the satisfaction of various conditions.
Under the Schemes:
Each Greenstone shareholder will receive 0.2868 Horizon shares for every Greenstone share held; and
Each Greenstone listed option holder will receive 0.2868 new Horizon listed options for every listed Greenstone option held.
Based on the last trading price of Horizon and Greenstone, the exchange ratio under the Share Scheme represents:
An 89% premium to Greenstone’s last traded price on 9 February 2024 of $0.0055; and
A 40% premium to the 30-day volume weighted average price (VWAP) of $0.0074 per Greenstone share for the period up to 9 February 2024.
Horizon shareholders will own 63.1% of the merged entity while Greenstone shareholders will own the remaining 36.9%.
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.
Trigg Minerals Limited (ASX:TMG) Managing Director Keren Paterson discusses the company’s latest assay results and its new technology for producing sulphate of potash.
Tim McGowen: We’re talking sulphate of potash today with Trigg Minerals (ASX:TMG). The company’s an exploration and development company focused on brine-hosted fertiliser minerals that are critical for the production of high-nitrogen food sources. We have with us the Managing Director and CEO, Keren Paterson. Keren, thanks for your time.
Click here to read the full news article
Lean more about Trigg Minerals: trigg.com.au
Chaarat Gold (AIM: CGH), the AIM-quoted gold mining company with an operating mine in Armenia, and assets at various stages of development in the Kyrgyz Republic, is pleased to announce the completion of the Bio-oxidation (“BIOX”) first phase metallurgical test programme performed by SGS Lakefield on its Kyzyltash gold project. The project has an unconstrained JORC-compliant Measured, Indicated and Inferred sulphide resource of 5.4 million ounces of gold at 3.8 g/t. Management estimate that the project has the potential to produce approximately 300koz per annum of gold subject to the project meeting its feasibility, permitting and development milestones.
Click here to read the full announcement
Learn more about Chaarat Gold: chaarat.com