Penikat Permitting Update
Kingsrose Mining announced the submission of a Natura 2000 Assessment for parts of its Penikat PGE project in northern Finland. Natura 2000 Assessment reports for the remainder of the project are expected to be submitted by the end of October. The submitted report indicates a minor impact of the proposed exploration activities and the company […]
Gold Line Exploration Update
Gold Line Resources provided an exploration update on its Paubäcken and Storjuktan projects. Over the summer, the company collected 3050 B-Horizon samples at Paubäcken and 4357 B-Horizon samples at Storjuktan. In addition, 71 bottom-of-till holes were completed at the Aida target, with all results currently pending. Geochemical sampling at Paubäcken (Source: www.goldlineresources.com)
Major Step-Out At Kopsa
Northgold reported promising assay results from three step-out holes at it Kopsa project. Drill hole NGKOP23034, collared 250m from the current resource outline returned two wide intervals assaying 1.17g/t Au over 34.2m, including 4.28g/t Au over 4.25m and 1.03g/t Au over 37.75m, including 2.55g/t Au over 7.95m. Copper assays for the step-out drill holes as […]
High-Grade Au From Karelian Gold Line
Endomines reported the intersection of high-grade gold from its 2023 drill program at the Kuittila prospect along the Karelian gold line. Drill hole KT-015 returned 9.75m @ 17.4g/t Au & 0.12% Mo, including 0.9m @ 157g/t Au & 0.05% Mo as well as 3.9m @ 6.7g/t Au & 0.01% Mo, including 1.1m @ 19.7g/t Au […]
Aurion – New Gold Zones Identified
Aurion Resources reported new assay results from its Kaaresselkä prospect. Gold mineralization was encountered in every hole with highlighted assay results returning e.g. 8.25g/t Au over 4.30m in drill hole KS23034. Mineralization at the Vanha trend is now defined for more than 500m along strike with the system remaining open at depth and along strike. […]
Pampalo – High Gold Grades From New Levels
Endomines reported high-grade gold intercepts from underground drilling at the Pampalo mine. The 4487m drill program targeted an area between the 875m and 955m mine levels, 80m below the current production area. Highlighted results include e.g. 4.7m @ 22.3g/t Au (14.4g/t when capped at 20g/t Au) in drill hole T-1833 or 6.4m @ 20g/t Au […]
Puolalaki – Gold System Extended
Avira Resources reported final assay results from its phase 1 drilling program at the Puolalaki Ni-Cu-Co-Au project in northern Sweden. Targeting a fixed loop EM conductor, drill hole PUO23005 intercepted several zones of high-grade gold mineralization returning e.g., 9.57m @ 3.82g/t Au from 494.63m or 4.5m @ 3.04g/t Au from 513m. In conjunction with known […]
Launi East Option Agreement
Aurion Resources signed a definitive option agreement with Kinross Gold regarding the Launi East property. Under the agreement, Kinross can earn 70% in the property by spending a minimum of 10 million USD before the 7th anniversary of the agreement. The company further advised the termination of the Silaskaira option agreement with Kinross. Aurion […]
Promising Visuals From Kopsa
Northgold reported promising visual results from recent drilling at its Kopsa flagship project. Drill hole NGKOP23034, the deepest hole completed in 2023, returned two intervals of intense quartz veining and/or silicic alteration with sulfide mineralization for a combined width of 63m. While assays are currently pending the mineralized intervals appear similar to previous high-grade intersections […]
New Discovery South Of Helmi
Aurion Resources announced the discovery of a new zone of gold mineralization several kilometers south of the previous Helmi discovery, returning 1.33g/t Au over 8.3m in drill hole VUO23007. Notably, the new mineralization (“Vuoma”) was discovered by drill testing the less explored southern contact of the Kumpu basin that is known to host gold mineralization […]