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Aldoro Resources covering all bases with rubidium, lithium, nickel, copper, gold and more in rock chip samples

Special Report: Aldoro Resources is covering all bases across its diverse prospects in WA, posting high-grade rock chip assays for … Read More
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Aldoro Resources is covering all bases across its diverse prospects in WA, posting high-grade rock chip assays for a suite of metals including gold, copper, nickel, lithium and rubidium.

Junior explorer Aldoro (ASX:ARN), is using grassroots exploration techniques to improve the surface geochemical knowledge of its tenements across the Wyemandoo pegmatite, Narndee Igneous Complex, and Quandong Well target, collecting 20 rock chip samples.

Evidence of mineralisation across pegmatite, magmatic nickel-copper gossan and VMHS gold-copper targets was uncovered at all three targets.

Samples from the Wyemandoo pegmatite returned top grades of 0.80% rubidium and 0.81% lithium.

A high-grade rubidium-lithium lepidolite pegmatite sample from Wyemandoo. Pic: Aldoro Resources

The results are exciting after Aldoro recently identified world-class rubidium potential of its nearby Niobe project, and warrant drilling investigation.

At Narndee, top results from samples included up to 0.37% nickel, 0.15% copper, 0.09% cobalt, 27ppb palladium and 22ppb gold.

That included two samples taken from gossans within a couple of kilometres of the VC1 target, where Aldoro struck magmatic sulphides in the first drilling undertaken at Narndee in a decade.

Aldoro Resources
Gossan 2, exposed in a historical exploration pit 1000m SSW of the significant VC1 drill hole. Pic: Aldoro Resources

Meanwhile, sampling at Quandong Well returned best results of 1.93g/t gold and 0.45% copper.

BHP subsidiary Dampier Mining explored Quandong Well in the 1970s, drilling 31 holes for 1731m that are yet to be compiled and validated by Aldoro.

The old timers reported significant copper, zinc, and gold results in oxide phases close to the surface, grading into a sulphide assemblage of pyrrhotite and chalcopyrite at depth.

Next steps

The rock sampling program was an important step for Aldoro, which noted the surface geochemical dataset is inadequate over most of its tenement package.

Initial results have enabled the company to develop an industry-standard database as a launchpad to future exploration success at Wyemandoo, Narndee and Quandong Well.

Aldoro plans to complete systematic rock chip and soils sampling programs and detailed mapping over the Wyemandoo pegmatite swarm.

This will identify the most prospective zones for drill targeting and locate pegmatite strike extensions and occurrences under soil cover.

The company said field reconnaissance and field mapping will continue to locate and assess all prospective areas of the tenement package for LCT pegmatites, nickel gossans, and copper-gold gossans.

 


 

 

This article was developed in collaboration with Aldoro Resources, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Aldoro Resources covering all bases with rubidium, lithium, nickel, copper, gold and more in rock chip samples appeared first on Stockhead.

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Antipa makes significant new greenfield gold-copper discoveries in the Paterson, near Newcrest’s Telfer

Special Report: Antipa has hit multiple zones of new gold-copper mineralisation not far from the existing resources at its 100% … Read More
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Antipa has hit multiple zones of new gold-copper mineralisation not far from the existing resources at its 100% Minyari Dome Project and near Newcrest’s successful operating Telfer mine in Western Australia. 

Antipa Minerals (ASX:AZY) revealed today that it had hit significant near-surface high-grade gold with copper mineralisation close to the Minyari and WACA deposits at its wholly owned Minyari Dome Project in WA’s Paterson Province.

The first drill hole at the GP01 target, 800m southeast of the Minyari resource, returned intercepts of 27m at 1.3 grams per tonne (g/t) gold and 0.11% copper from 131m, including 7m at 3.9g/t gold and 1m at 19.9g/t gold from 133m.

A second hole drilled 100m north of the first also intersected significant gold-copper mineralisation on an adjacent structure.

Top hits from that hole featured a wide 36m at 0.50g/t gold and 0.07% copper from 78m, including 9m at 1.0g/t gold and 0.12% copper from 99m, and 1m at 3.0g/t gold and 0.44% copper from 148m.

“These greenfield discoveries within close proximity to the Minyari and WACA deposits further demonstrates the exploration and resource growth potential of the company’s 100% Minyari Dome project,” managing director Roger Mason said.

The new GP01 and WACA East discoveries were uncovered through drilling based off the 2021 ultra-detailed drone magnetic and GAIP surveys which defined multiple new high-priority greenfield gold-copper targets, all within 3.5km of the Minyari resource.

Map of the southern region of the 100% Minyari Dome Project showing Minyari and WACA resource locations, 2021 priority greenfield drill targets and Antipa (2016 to 2021) drill hole collars.

Antipa’s drilling so far has proven that significant zones of high-grade gold-copper-silver-cobalt mineralisation exist outside the current Minyari resource.

It has also confirmed that the high-grade mineralisation is commonly associated with sulphide matrixed breccia zones similar to Greatland Gold and Newcrest’s Mining’s (ASX:NCM) nearby 3.4Moz gold and 160,000t copper Havieron development project.

And there is still plenty of exploration upside, with the Minyari mineralisation remaining open in several directions.

Antipa says early success at the GP01 target highlights the potential for more gold-copper mineralisation at nearby geophysical and aircore targets.

This prompted Antipa to expand its 2021 drill program to explore extension targets, including Minyari East and a number of high priority greenfield targets all less than 3km from the existing Minyari and WACA resources.

The two deposits currently host 723,000 ounces of gold at 2.0g/t and 26,000 tonnes of copper at 0.24%.

Antipa’s Minyari Dome project sits within 35km of Newcrest’s huge Telfer gold-copper-silver mine and processing facility and 54km along strike from Havieron.

Antipa

Antipa is currently undertaking 10,000m of greenfield exploration reverse circulation drilling to test the highest priority geophysical and aircore targets.

“The company is continuing greenfield exploration across the project in parallel with project evaluation activities with the aim of making significant discoveries that will enhance the Minyari-WACA development opportunity,” Mason said.

“With the first greenfield target tested in 2021 resulting in discoveries close to surface, the company is confident that similar nearby geophysical and aircore anomalies could deliver further success.

“The 10,000 metre 2021 greenfield RC drill program is testing 14 targets and is expected to be completed in November.”

 


 

 

This article was developed in collaboration with Antipa Minerals, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Antipa makes significant new greenfield gold-copper discoveries in the Paterson, near Newcrest’s Telfer appeared first on Stockhead.

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Energy & Critical Metals

Okapi Resources delivers maiden JORC mineral estimate at Tallahassee uranium project of 27.6 million pounds of uranium oxide

Special report: The company’s strategy is to become a new leader in North American carbon-free nuclear energy by assembling a … Read More
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The company’s strategy is to become a new leader in North American carbon-free nuclear energy by assembling a portfolio of high-quality uranium assets through acquisitions and exploration. 

Okapi Resources (ASX:OKR) has established a maiden JORC 2012 mineral resource estimate for the Tallahassee uranium project in Colorado of 25.4 million tonnes at 490 parts per million uranium oxide for 27.6 million pounds, using a 250ppm cut-off grade.

Pic: Supplied.

Today’s announcement compares against Peninsula Energy (ASX:PEN) JORC resource for its Lance project in the US of 50.7Mt at 480ppm uranium oxide for 53.6Mlb, measured to a cut-off grade of 200ppm. Here they are side-by-side.

While Peninsula currently has a market capitalisation above $270 million, Okapi’s sits sub-$60 million.

Okapi executive director David Nour said on the back of today’s landmark announcement the company would look to continue to add ounces to its US uranium holdings through exploration and acquisition.

“This is yet another significant milestone for Okapi, achieving a maiden JORC 2012 mineral resource that provides a robust platform on which to add further pounds via exploration within our current landholdings and through further value-accretive acquisitions,” he said.

“The team is also well advanced in planning a maiden drilling program of circa 10,000 metres at the Tallahassee Uranium Project.”

Okapi Resources
Pic: Supplied.

Large swathes of ground untested

OKR holds a 100% interest in mineral rights across 7,500 acres in the Tallahassee Creek Uranium District of Colorado, with large swathes of ground untested or poorly tested by drilling.

Further work is required to fully define the boundaries of the prospective mineralised channel.

The portfolio of assets also includes an option to acquire 100% of the high-grade Rattler Uranium Project in Utah, which includes the historical Rattlesnake open pit mine.

Rattler is 85km from the White Mesa Uranium Mill, the only operating conventional uranium mill in the USA and provides a near term, low-capital development opportunity.

Drilling to expand and improve confidence in resource

The 10,000m drilling program will be conducted to expand the existing resource base, improve confidence in the existing resource base, and acquire samples that can be used for initial metallurgical test work.

Depending on the results of this work, Okapi said initial conceptual mine design work may be undertaken to help determine the most appropriate work programs to implement thereafter.

Geology and mineralisation

Uranium deposits in the Tallahassee district are tabular deposits associated with redox interfaces.

Mineralisation is hosted in Tertiary sandstones (Echo Park Formation) and/or clay bearing conglomerates (Tallahassee Creek Formation).

These formations were deposited in a now extinct braided-stream fluvial system (or paleochannel).

The paleochannels were later partially buried by the extrusion of the Thirtynine Mile Andesite, which preserved the sedimentary sequences and allowed them to be gradually enriched with uranium.

The Noah, Northwest Taylor and Boyer Deposits are all hosted by the more favourable Echo Park sandstones, so mineralisation is generally thick and laterally continuous, and commonly comprises high-grade mineralisation within broader, lower-grade envelopes.

 


 

This article was developed in collaboration with Okapi Resources, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining
independent advice before making any financial decisions.

The post Okapi Resources delivers maiden JORC mineral estimate at Tallahassee uranium project of 27.6 million pounds of uranium oxide appeared first on Stockhead.

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Articles

ASX Small Cap Lunch Wrap: Who’s putting lipstick on a cloth this morning?

Another year, another round of upgraded Apple products — but this one just might be the strangest yet. The company … Read More
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Another year, another round of upgraded Apple products — but this one just might be the strangest yet.

The company unveiled new MacBrook Pro models, new AirPods, a HomePod Miin smart speaker and…a US$19 “polishing cloth”.

At first glance there’s little difference to it and other cloths, except for the Apple logo.

But Apple says the product is “made with soft, non-abrasive material” and that it cleans any Apple display for any device – including nano-texture glass – safely and effectively.

Pic: Apple

And arguably most prestigious of all, it’s made by Apple.

It may not have prompted the big gains from new Apple product releases of years gone by, but shares in the tech giant still rose by 1.18% overnight.

On the ASX, local stocks climbed into midday trade following another steady session on Wall Street overnight.

The gains were led by a notable move in tech stocks, as the ASX 200 Information Technology index bounced back from yesterday’s falls.

With all eyes on the energy market, coal prices are ripping higher again while Brent crude oil has edged back below US$85/barrel.

So far, markets are still digesting the rates outlook as inflationary pressures bring the timeline for global interest rate hikes forward.

In that context, investors were on the lookout for any possible changes in the RBA minutes this morning, from the central bank’s October meeting.

However, the minutes showed the RBA is still committed to its current mantra — no rate hikes until 2024.

That outlook is now diverging widely from what the market thinks, with the first rate hike now priced for August 2022.

“Aussie rates are screaming out that the RBA is going to move on its forward guidance, any day now – will the RBA stick to their resolve?”, Pepperstone analyst Chris Weston asked this morning.

He added the market would “not be surprised to hear a small tweak in a statement or even a journalist close to the RBA prime the market for a change” in the weeks ahead.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for October 19 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Stocks highlighted in yellow made market-sensitive announcements
Code Name Price % Change Volume
OAK Oakridge 0.002 100 1504976
LDR Lode Resources 0.29 93 21732764
ANL Amani Gold Ltd 0.003 50 5259994
NPM Newpeak Metals 0.0015 50 2550023
PCL Pancontinental Energ 0.0015 50 500000
WOO Wooboard Tech Ltd 0.0015 50 1250249
EVE EVE Investments Ltd 0.0055 38 117054430
TOU Tlou Energy Ltd 0.068 31 705233
BAS Bass Oil Ltd 0.0025 25 5928757
CCE Carnegie Cln Energy 0.0025 25 5494071
VIC Victory Mines Ltd 0.0025 25 11519165
SHG Singular Health 0.215 23 292378
TER Terracom Ltd 0.25 22 6909451
MRD Mount Ridley Mines 0.0085 21 30802613
SEG Sports Ent Grp Ltd 0.32 21 1659
CLE Cyclone Metals 0.006 20 1120841
RMI Resource Mining Corp 0.019 19 6859663
VAL Valor Resources Ltd 0.019 19 18413060
TIG Tigers Realm Coal 0.032 19 9595128
GGX Gas2Grid Limited 0.0035 17 824119
VBS Vectus Biosystems 1.925 16 5312
TYX Tyranna Res Ltd 0.008 14 13015996
BNL Blue Star Helium Ltd 0.065 14 3443954

Goldie Lode Resources (ASX:LDR) rose after its latest exploration update in which it reported the intersection of multiple sulphides.

$8m food exporter EVE Investments (ASX:EVE) rose after its latest sales update in which it reported substantial sales growth – 66% in the last quarter in Australia and over 200% in the USA.

Singular Health (ASX:SGH) won funding from the CSIRO Kick-Start Program to undertake a research project with the CSIRO in the development of an Artificial Intelligence (AI)-based tool to automatically design replacement cranial implants.

 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for October 19 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Stocks highlighted in yellow made market-sensitive announcements
Code Name Price % Change Volume
SKN Skin Elements Ltd 0.066 -34 3687839
NTL New Talisman Gold 0.002 -20 4504299
ZMI Zinc of Ireland NL 0.049 -17 387327
AVW Avira Resources Ltd 0.005 -17 505999
SHN Sunshine Gold Ltd 0.051 -16 8464645
AUQ Alara Resources Ltd 0.016 -16 1000000
A8G Australasian Gold 0.75 -15 1148700
FZR Fitzroy River Corp 0.12 -14 39100
AFR African Energy Res 0.033 -13 971215
LCD Latitude Consolidate 0.0465 -12 22853991
KPO Kalina Power Limited 0.029 -12 3449865
BEZ Besragoldinc 0.15 -12 605177
WWG Wisewaygroupltd 0.32 -11 22676
XST Xstate Resources 0.004 -11 31250
CGB Cann Global Limited 0.0045 -10 4321783
HLX Helix Resources 0.02 -9 5563537
LCT Living Cell Tech. 0.01 -9 6180107
MKG Mako Gold 0.1 -9 1013223
AO1 Assetowl Limited 0.0055 -8 2290
FAU First Au Ltd 0.011 -8 1516147
SI6 SI6 Metals Limited 0.011 -8 18012
WKT Walkabout Resources 0.185 -8 109
MAY Melbana Energy Ltd 0.026 -7 10278609

Skin Elements (ASX:SKN) dropped as it re-entered the ASX after being suspended for several months.

Living Cell Technologies (ASX:LCT) dropped thanks to a capital raising.

The post ASX Small Cap Lunch Wrap: Who’s putting lipstick on a cloth this morning? appeared first on Stockhead.

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