Erdene Resource Development Corp. reported results from recent drilling at the 100%-owned Dark Horse prospect

Erdene Resource Development Corp. reported results from recent drilling at the 100%-owned Dark Horse prospect, located approximately 2km north of its 100%-owned Bayan Khundii gold project in the Khundii minerals district in southwest Mongolia.

Highlights included intersecting high-grade, near-surface gold in Dark Horse Mane South; 39.6 g/t gold over 6 metres within 12 metres of 20.2 g/t gold (AAD-218); 34.4 g/t gold over 3 metres within 11 metres of 13.0 g/t gold (AAD-217); 13.7 g/t gold over 1 metre within 18.6 metres of 4.6 g/t gold (AAD-215); 11.0 g/t gold over 1 metre within 13 metres of 1.9 g/t gold (AAD-216).

Drilling intercepted deep, high-grade zone at Dark Horse Mane North; 11.2 g/t gold over 2 metres within 8 metres of 4.1 g/t gold (AAD-194). The deepest intersection along trend to date demonstrating potential at depth And confirmed potential of new East Mane target, 500 metres east of Dark Horse Mane.

“Recent drilling at our Dark Horse prospect successfully expanded high-grade mineralization along the 1.5-km Dark Horse Mane trend and produced multiple targets in adjacent areas,” said Peter Akerley, President and CEO. “Today’s results include the highest grade intervals to date at Dark Horse Mane North and also confirm the discovery of the new East Mane target.”

“Since discovering our Khundii Minerals District, we have delineated over nine kilometres of prospective gold bearing structures connecting our Bayan Khundii, Ulaan and Dark Horse deposits,” continued Mr. Akerley. “Plans are being finalized for the next phase of drilling along this trend and throughout the broader Khundii-Ulaan alteration system.”

The Q3 2022 Dark Horse drill program, completed in September 2022, was designed to confirm and expand gold mineralization in this prospect, located approximately 2km north of Erdene’s shovel-ready Bayan Khundii Gold Project. The 20 km2 Dark Horse prospect comprises the northern portion of the company’s Khundii mining and Ulaan exploration licenses. Drilling to date at Dark Horse has focused on the Dark Horse Mane (DHM) prospect, a 1.5-km north-south oriented, mineralized trend discovered in early 2021, that remains open along strike to the north and south and at depth.

Along this trend, Erdene has delineated southern and northern zones, referred to as Dark Horse Mane South and Dark Horse Mane North, respectively, and recently identified the East Mane prospect that was drill tested in Q3 2022.

The recently completed drilling program consisted of 29 holes (including one hole extension) totaling 2,417 metres. Exploration was focused on Dark Horse Mane South, Dark Horse Mane North as well as targets adjacent to the Dark Horse Mane mineralized trend identified through the reverse circulation (“RC”) drill program completed in mid-2022, geophysics and surfacing sampling.

Drilling at Dark Horse Mane South was comprised of seven holes totaling 543 metres, including five near surface, large diameter (PQ), diamond drill holes, totaling 82 metres (AAD-214 to AAD-218).

The PQ holes were drilled to confirm continuity of grade and geometry of shallow, very high-grade mineralization and to collect material for process test work. Multiple zones of high-grade mineralization were intersected within 15 metres of surface, with several one-metre intervals returning grades exceeding 10 g/t gold, including a one-metre interval grading 88.5 g/t gold (AAD-218; 6 to 7 metres), interpreted as supergene enrichment. Two holes at DHM South, AAD-191 and AAD-192, were designed to test extension of mineralization at depth.

In addition to the exploration at Dark Horse, Erdene drilled three step-out holes on the western and northern periphery of the main mineralized zone at Ulaan Southeast, expanding mineralization at this recent discovery.

Erdene is focused on the acquisition, exploration, and development of precious and base metals in underexplored and highly prospective Mongolia. The company has interests in three mining licenses and an exploration license in Southwest Mongolia, where exploration success has led to the discovery and definition of the Khundii Minerals District, Resource World writes.

Adriatic Metals PLC has released assay results from exploration drilling at Rupice Northwest

Adriatic Metals PLC has released its latest assay results from exploration drilling at Rupice Northwest, which confirm the extension of mineralisation along strike of the Rupice mineral resource (RMR) at the company’s flagship Vares Silver project in Bosnia & Herzegovina.

The assay results from nine drill holes confirm the widths and grades intercepted at Rupice Northwest are equivalent to those held within the existing high-grade RMR; continuity between approximately 80 m spaced sections has been established over a strike extent of 250 m.

Drillhole highlights:

Drillholes BR-04-22 and BR-05-22 are located 155 m northwest of RMR. They are respectively drilled up-dip and down-dip of previously reported hole BR-12-21 (24.7 m at 514g/t AgEq), intercept:

Drillholes BR-06-22 and BR-07-22, located 175 m northwest of RMR and drilled up-dip of the currently reported hole BR-04-22 (32.5 m at 657 g/t AgEq), intercepted:

Drilling of Rupice Northwest will continue to the end of 2022 with the objective of generating a maiden inferred resource estimate for Rupice Northwest in 1Q23.

Paul Cronin, Adriatic’s Managing Director and CEO, commented:

“The highly successful drilling campaign at Rupice Northwest further underpins Adriatic’s strategy to increase the life of mine of Rupice to at least twenty years. The most encouraging aspect of the drilling results has been the consistency of not only the depths and widths of Rupice Northwest, but also the grades which are consistent with the reserve defined in the main Rupice orebody, Global Mining Review reports.

Palladium One Mining’s Finnish project got highly optimistic estimates after diamond drill exploration

“Multiple discoveries of magmatic sulphide mineralization have been outlined, and preliminary indications are that Kaukua South could be several times the size of the Kaukua open-pit resource. This resource currently includes 526,000 palladium-equivalent ounces at a grade of 1.8 g/t in the indicated category and 636,000 palladium-equivalent ounces at a grade of 1.5 g/t in the inferred category”, said Palladium One Mining in a press release. The miner announced that initial visual results from the diamond drill exploration program at the Lantinen Koillismaa (LK) property in Finland show that the project’s Kaukua South discovery is comprised of the same host rocks and indicates that it is the fault-displaced extension of the Kaukua deposit.

“Drilling has extended magmatic sulphide mineralization in Kaukua South more than 3 km east of hole LK20-006, which returned 63.4 metres at 1.88 g/t palladium-equivalent, within 166.7 metres of 1.16 g/t palladium-equivalent. Historic drilling returned 33 metres at 1.9 g/t palladium-equivalent (KAU-08-035), 600 metres west of LK20-006, thereby demonstrating a mineralized strike length of approximately 4 km,” the brief states.

In the view of Peter Lightfoot, one of Palladium One’s directors, the Kaukua South strike extension is exceptionally significant because it has shallow disseminated sulphide mineralization the same as Kaukua and points to the footprint of a large-scale mineral system.

“LK is shaping up to potentially be the largest palladium-dominant open pit project in a best-in-class mining jurisdiction, globally,” Lightfoot said.

Lantinen Koillismaa is located in north-central Finland, approximately 40 km north of the town of Taivalkoski. According to Palladium One, the project area is covered by exploration permit renewals, new applications, and exploration reservation applications.

Exploration permit applications cover 24.9 sq. km and are divided into two groups, namely, the Kaukua Group consisting of the Kaukua and Murtolampi targets and the Haukiaho Group covering the Lipeavaara and Haukiaho targets; as well as Salmivaara, which represents the eastern and western extension of Haukiaho.

Source: canadianminingjournal.com

 

 

Eldorado Gold got permission for test drilling in northern Greece

Mavres Petres deposit test drilling is a part of the Eldorado Gold’s Stratoni project, in the northern Greece. Greece has given Canada’s company the green light to conduct a technical study for test drilling at Mavres Petres.

The Vancouver-based miner, through its local subsidiary Hellas Gold, acquired Kassandra mines form the state in 2004. The property includes the Stratoni silver-lead-zinc mine, which is made up of two deposits: Madem Lakkos and Mavres Petres.

The approved study involves some 59 drills to further explore Mavres Petres. It seeks to determine whether Stratoni mine’s life can be extended, Greece’s Minister of Environment and Energy, Kostis Hatzidakis, told local news outlet Iefimerida.

Greece and Eldorado have been in talks over a revised investment plan that would bring the government higher royalties from mining projects. It is also expected to boost jobs.

Stratoni is slated to process 230,000 tonnes of ore at grades of 6% lead, 8% zinc and 157 grams per tonne silver this year. Capital investment Stratoni is expected to be between $5 and $10 million including equipment purchases and facilities upgrades.

Source: mining.com