#gold exploration

[ur-daily-inspiration]

[colitcomedia]

Despite solid gold prices, exploration spending in the mining sector will remain flat in 2025. It promises from President-elect Donald Trump to streamline regulations, according to S&P Global analysts. While some market conditions indicate rising commodity prices, particularly gold, financial constraints and tight capital markets are anticipated to limit exploration budgets next year, raising concerns for the long-term sustainability of discoveries.

[colitcomediasblog]

🚀 Raiden Resources Kicks Off Drilling at Arrow Gold Project! 🚀

📚 Announcement Highlights:

Raiden Resources (ASX: RDN / DAX: YM4) has launched an Air Core (AC) drilling campaign at the Arrow Gold Project, located in the Pilbara region of Western Australia. This program will cover around 3,500 meters, focusing on Hemi-style orogenic gold mineralisation. With all required permits in hand, Raiden’s joint venture partner, Mallina Co Pty Ltd, will fund the exploration, while Raiden maintains full rights over lithium, caesium, and tantalum (LCT) minerals. The program is expected to wrap up this month, marking Raiden’s third significant exploration milestone this quarter.

🔑 Key Highlights:

✅ 3,500-meter AC drilling underway at the Arrow Gold Project

✅ Targeting "Hemi-style" gold mineralisation using robust geochemical and geophysical insights

✅ Mallina Co Pty Ltd covers all gold exploration costs

✅ Raiden retains exclusive LCT rights

📢 Managing Director Dusko Ljubojevic’s Statement:

“The drilling launch at Arrow Gold Project is our third in just this quarter—a thrilling period for the company and our shareholders. Alongside the ongoing Andover South lithium project and the Mt Sholl copper-nickel-PGE deposit, our shareholders now have even greater potential for discoveries within a promising new gold district.”

💼 Investor Insights & Gold Market Outlook:

This milestone enhances investor exposure to emerging gold projects in a district attracting attention. Global gold demand rose by 5% year-over-year to 1,313 tonnes in Q3—a record quarter—while demand value surpassed $100 billion. Analysts from J.P. Morgan and Goldman Sachs anticipate prices climbing to $2,500/oz by the end of 2024, signaling robust prospects ahead for gold.

📌 Disclaimer: This update is for informational purposes only. Please perform independent research before making investment decisions.

[superkursunaskr]

[providencegoldmines]

Providence Gold Mines Inc. Engages with Prominent Financing Group

Providence Gold Mines Inc. Engages with Prominent Financing Group

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[colitcollp]

Platina Resources (ASX: PGM) Taps Into New Gold Resource Potential With Hermes Discovery

According to a recent ASX RELEASE, Platina Resources has successfully identified a new gold exploration target, Hermes, within the Xanadu Gold Project. It has a promising potential for significant gold deposits.

[soni-dragon]

first comes a blessing of all that you’ve dreamed, then comes the curses of diamonds and rings

[lovehina019]

[beyondthesurface]

[ur-daily-inspiration]

[colitcomedia]

Discovery-Driven Value Creation: Unlocking Investor Opportunities in Platina Resources' Gold Projects

PLATINA RESOURCES (ASX: PGM) is a gold exploration company with promising projects in Western Australia. Its portfolio encompasses seven gold projects in the Ashburton Basin and Yilgarn Craton, spanning a land area of 1,487KM². With a solid history of successful exploration and drilling, the Company possesses ample funding to execute its strategic plans. The Projects are strategically situated in highly favorable regions, offering the potential for significant discoveries. PLATINA RESOURCES boasts advanced exploration and drilling capabilities, supported by an experienced team that excels in exploration and acquisition execution. Given its advantageous position in the current gold market, the Company is well-prepared to achieve substantial breakthroughs. Mr Corey Nolan, the Managing Director of Platina Resources, recently delivered exciting updates on the Company’s gold-focused projects through a recently published INVESTOR’S PRESENTATION.

Platina Scandium Project sold for US$14 million

Platina Resources Limited has entered into a legally BINDING AGREEMENT with a subsidiary of Rio Tinto Ltd to transfer its highly promising Platina Scandium Project for US$14 million. The Platina Scandium Project is a significant global deposit of scandium known for its outstanding quality and the potential to become Australia’s first scandium producer. It also holds valuable cobalt and nickel resources.

According to the agreement, upon the successful completion of the transaction, Platina Resources will receive a cash payment of US$8 MILLION. Additionally, there will be a warranty retention payment of US$1 million, which Rio Tinto will repay after 30 months. As part of the deal, Platina Resources may also receive up to US$6 million in cash payments contingent upon Rio Tinto meeting specific project milestones, such as granting a Mining Lease. This agreement reflects the strong commercial viability of the Platina Scandium Project and highlights Platina Resources’ leading position in scandium exploration.

The finalisation of the transaction depends on obtaining the necessary approval from the NSW Ministerial Consent, which is expected to be concluded soon.

Mr Corey Nolan, Managing Director of Platina Resources, said, “This transaction with Rio Tinto will also allow Platina shareholders to benefit from an injection of new funding to advance its extensive gold portfolio and pursue other more advanced project opportunities without shareholder dilution.“

Gold Focus Transformation of Platina Resources

Platina Resources has transformed its strategic focus from platinum to gold, positioning the Company to capitalize on the solid momentum in the gold market. The scandium sale has boosted the implied value of its Western Australia gold projects, including Xanadu, Brimstone, Beete, Binti Binti, Challa, Mt Narryer JV, and Jubilee.

Before exploring individual gold projects, it’s crucial to acknowledge the favorable gold price environment. As of June 9, 2023, the gold price stood at AUD 3,000 PER OUNCE and USD 2,250 PER OUNCE. The upward trajectory of gold prices enhances the potential returns for investors, making this an opportune time to participate in Platina Resources’ gold exploration endeavors.

Exploration Projects and Drilling Plans of Platina Resources

Platina Resources has three key gold projects scheduled for drilling in 2023: BRIMSTONE, XANADU, AND BEETE. These projects are strategically located in the Ashburton Basin and Yilgarn Craton, renowned for their rich mineral endowment. The vast tenement package spanning 1,487 KM² provides an extensive area for exploration and discovery.

Brimstone Project

The BRIMSTONE PROJECT, located 40km northeast of Kalgoorlie Eastern Goldfields in the Yilgarn Craton, is close to the high-grade Penny’s Find deposit. Historical drilling has revealed extensive gold mineralization, with interpreted geological structures covering approximately 10km of strike length. Brimstone states numerous walk-up drill targets, and the planned reverse circulation drilling in July 2023 will test mineralization at depth and along strike at Brandy, Garibaldi, Old Camp, and Billabong North prospects.

Xanadu Project:

Xanadu Project is situated 29 km south of Parabardoo in the Ashburton Basin. The Project benefits from its proximity to the 1.44MOZ Mt Olympus Gold deposit. The Project shares a similar structural and geological setting to the Mt Olympus deposits located 10 km northwest, indicating significant potential. Rock chip assays have indicated gold values of up to 1.98G/T AU. The upcoming systematic exploration program aims to unlock the Project’s full potential by targeting shallow oxide mineralization and deeper structural targets. Planned activities include the Hermes rock chip and mapping program, cultural heritage approvals, reverse circulation drilling, and diamond drilling at Xanadu West.

Beete Project:

The BEETE PROJECT is 10 km south of the Scotia Mining Centre, which has a significant gold resource of 1 million ounces and is located north of the recently discovered Salmon Gums deposit. The Beete Project, positioned 42km south of Norseman in the Yilgarn Craton, offers substantial gold, lithium, and nickel potential. The Project benefits from its location near the Norseman Greenstone Belt, known for its historical gold production of over 5 million ounces. Aircore and reverse circulation drilling programs are planned in Beete Project for the fourth quarter of 2023, targeting the extension of known gold mines and prospective areas near Scotia Mining Centre and Salmon Gums.

In summary, Brimstone, Xanadu, and Beete are three gold projects that offer substantial potential for gold mineralization, featuring extensive areas for exploration and promising opportunities for discovery.

Financial Overview and Market Dynamics from the Investor’s Presentation

Platina Resources maintains a solid financial position, with a market capitalization of approximately A$16.2 MILLION. As of March 2023, the Company had A$1.3 MILLION IN CASH, and as of June 16, 2023, its investments totaled A$2.36 MILLION. With the recent sale of the scandium project and the injection of new funding from Rio Tinto, Platina is well-positioned to drive value creation through exploration and development activities.

The current market dynamics, characterized by solid gold price momentum, further enhance the investment outlook for Platina Resources. As of June 20, 2023, the gold price stood at A$2,870.45 PER OUNCE, reflecting positive market sentiment and an attractive backdrop for gold exploration and production companies.

As Platina Resources continues its journey towards unlocking the hidden treasures in the Ashburton Basin and Yilgarn Craton, it positions itself as an attractive investment proposition with substantial upside potential.

[odetoscavengers]

screenshot studies from thief, wanted to test out some color + material stuff and thought thief would be a fun subject heavily referenced from my own screenshots

second part here

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