Exploration Briefs - September 2017

Dalradian Resources has commenced a 30,000-m surface drilling program at its Curraghinalt gold project in northern Ireland. As of late July, five drill rigs were turning. The drilling will be primarily step-out holes, with the objective of investigating extensions of the Curraghinalt deposit, which is open in all directions.

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Fission Uranium has reported results from an additional two drill holes testing the recently-discovered R1515W zone more than 1.5 km west of the Triple R deposit at its Patterson Lake South project in Canada’s Athabasca Basin. The two holes encountered very wide mineralization and strongly radioactive peaks in multiple stacked zones. Of particular interest, hole PLS17-564 intersected 135.5 m of total composite mineralization, including 8.25 m of greater than 10,000 cps (counts per second) and multiple intervals of less than 65,535 cps, the maximum reading possible by the RS-121 scintillometer before saturation.

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Paramount Gold Nevada has reported assay results from five new holes at its Grassy Mountain project in eastern Oregon, confirming the consistency of both the grade and thickness of the gold mineralization for economic underground mining. Intercepts include 49 m at 2.91 g/mt, 24.7 m at 5.42 g/mt, and 35 m at 4.53 g/mt.

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Exploration Briefs - August 2017

Leagold Mining has reported drilling results for the first 20 holes of its infill and step-out exploration program at the Bermejal Underground deposit at the Los Filos gold mine in Guerrero state, Mexico. Highlights from the program include 7.2 g/mt over 18.8 m, 6.8 g/mt over 13.3 m, and 26.3 g/mt over 2 m (all capped grades and true widths).

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Barkerville Gold Mines has announced additional drilling results from its ongoing, 130,000-m Phase II Island Mountain exploration drilling program on its flagship Cariboo gold project in central British Columbia, Canada. The company is currently exploring and delineating the Valley and Shaft zones of the project with seven drill rigs, while an eighth drill rig is conducting exploratory drilling on Barkerville Mountain.

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Kingsgate Consolidated has discovered a new zone of silver mineralization at Cerro Blanco West on its 100% owned Nueva Esperanza precious metals project in the Maricunga district of Atacama province, Chile. Eight reverse circulation holes totaling 1,226 m were completed on the new target prior to drilling being halted by the early onset of winter conditions. Intercepts included 60 m grading 67.57 g/mt of silver from 40 m to 100 m downhole and 50 m grading 84.04 g/mt of silver from 62 m to 112 m downhole.

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Exploration Briefs - July 2017

Debmarine Namibia has launched the world’s largest and most advanced diamond exploration vessel, the mv SS Nujoma, to explore for diamond deposits on the ocean floor offshore from Namibia. The 12,000-mt, diesel-electric-powered vessel is 113 m long, can accommodate a crew of 80, and has a helicopter deck suitable for Sikorsky S61s. It was constructed in Ulsteinvik, Norway, and fitted with its subsea sampling system, designed by De Beers Group, in Cape Town, South Africa.

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Seabridge Gold has acquired a 100% interest in the Snowstorm gold project in northern Nevada from PFR Gold Holdings. The project consists of 31 mi2 of land strategically located at the projected intersection of the Carlin trend, the Getchell trend and the Northern Nevada rift zone.

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Mirasol Resources has signed a definitive option agreement with OceanaGold to explore Mirasol’s La Curva gold project in Santa Cruz province, Argentina. The agreement grants Oceana the option to acquire up to a 75% interest in the project in five stages.

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Exploration Briefs - June 2017

OZ Minerals has entered into an exploration earn-in agreement targeting three newly identified base-metal prospects in Oaxaca state, southern Mexico. OZ is partnering with Acapulco Gold Corp., a private exploration company based in Canada that has significant experience and a discovery track record in Mexico. OZ will make a first-year in-ground expenditure of $450,000 on detailed geological mapping, geochemistry, and geophysics. Drilling is expected to begin in the second half of 2017.

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Roxgold Inc. has reported a large number of high-grade intercepts from drilling at the Bagassi South deposit less than 2 km south of its flagship Zone 55 underground gold mine on its Yaramoko property in southwest Burkina Faso. Highlights from Bagassi South include 78.9 g/mt over 2.3 m in one diamond drill hole and 220 g/mt over 1.1 m in another. The drilling program totaled 29,160 m in 134 holes.

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Mawson Resources has discovered a new zone of gold mineralization at the Raja prospect on its Rajapalot project in northern Finland. Intercepts include 27 m at 3.3 g/mt gold from 64 m, including 8.8 m at 7.5 g/mt gold from 82.2 m. The prospect has an established strike length of at least 200 m and remains open.

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