Share Talk Weekly Mining Sector News – 19th September 2021

It’s been another busy week across London’s junior mining sector.

Oriole Resources PLC (ORR.L) Phase 2 Drilling Programme to Commence at Bibem. The company has announced the commencement of the drill programme at its Northern Zone Gold Project in Australia following the approval of its Programme of Work. The programme is due to take around 2 weeks to complete with results expected 6-8 weeks after drilling ends.

ECR Minerals PLC ( ECR.L) informed investors that it had acquired a property in its Bailieston area, Victoria, Australia. Purchased a property at 127 Nagambie-Rushworth Road, subject only to payment of the completion monies. The property is located within the Company’s 100% owned Bailieston license area (“Bailieston”).

Craig Brown, Chief Executive Officer commented: “The size and scale of this land package ensures that, equipped with our own drilling rigs we can now ramp up our drilling and exploration activities across the territory, and when appropriate can develop our own mine decline, processing plant and tailings dam.”

“This is an exciting period of evolution for ECR as a company as we grow our presence across the Victoria Goldfields. I look forward to reporting the next developments.”

Horizonte Minerals (HZM.TSX.L) announced that it has received formal credit and board approval from two export credit agencies (the “ECAs”).

The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) advise that Mark Potter, current Non-Executive Director, has been appointed Non-Executive Chairman with immediate effect. Mark has been a Director on the Thor Board since August 2019 and has provided great support in commercial aspects of the resources industry and I look forward to working with him closely as we continue to build an exciting future for Thor.

Caerus Mineral Resources (LON: CMRS), announced the results from due diligence scout drilling on the recently acquired Pano Lefkara Licence (“Pano Lefkara”), located in the Republic of Cyprus.

Caerus has completed successful due diligence scout drilling over the Pano Lefkara Licence, aimed at confirming the results derived from historic exploration and drilling ahead of commencing a more detailed programme of work.

Power Metal (POW.L) FDR Australia – Paterson Region Exploration Update from the Wallal Project (the “Project”) located in the prolific Paterson Region of Western Australia.

The Paterson Region is host to major gold-copper deposits including Winu (Rio Tinto) and Havieron (Newcrest Mining – Greatland Gold JV).

First Equity Limited – Bonanza Gold Grades in Lucky Hole 7 for Arkle Resources (ARK.L)

The Board of Xtract Resources Plc (XTR.L) provided an update on the Phase 2 drilling programme at the Eureka copper-gold deposit on small scale mining licence number 22134-HQ-SML (“Eureka Licence”) located in the Central part of The Republic of Zambia (“Eureka Project”).

Power Metal (POW.L) Tati Project – Large Scale Gold Anomaly Confirmed. Rock and Soil Samples from Sikukwe Zone Return High-Grade Gold Results including up to 26.5g/t Gold from Rock Sample.

Panthera Resources (PAT.L) released assay results from the exploration drilling programme at Labola (Wuo Land), Burkina Faso. Four exploration holes along the strike of known mineralisation have returned excellent mineralisation including fire assay intercepts.

Cora Gold Limited (CORA.L) announce the eleventh set of drill results from its largest-ever drilling campaign at its Sanankoro Gold Project (‘Sanankoro’ or ‘the Project’) in Southern Mali.

Eurasia Mining Plc (EUA.L), the palladium, platinum, rhodium, iridium and gold producing company announced that a detailed mining plan has been completed for the first 5 years of the life of mine of Loipishnune open pit and the West Nittis open pit, both of which form part of the Monchetundra project.

Empire Metals Limited(EEE.L), announces the outcome of a recent technical review of the geology of the Eclipse Gold Project located within the Eastern Goldfields of Western Australia. The Company recently announced the appointment of additional key geoscientists to bolster its exploration team and to bring local technical expertise together to review the results of the drilling programmes recently completed at Eclipse.

·A strategic technical review has commenced focusing on the structural controls on known gold mineralisation and an appropriate exploration programme to unlock the full potential of the Project most efficiently.

Ariana Resources plc (AAU.L), the development company with joint-venture gold mining operations in Europe, announced recent resource drilling results obtained from the Kepez North area of the Kiziltepe Sector. Kepez North is part of the Zenit Madencilik San. ve Tic. A.S. (“Zenit”) Joint Venture (“JV”) with Proccea Construction Co. and Ozaltin Holding A.S. and is 23.5% owned by Ariana.

Galileo Resources (GLR.L) Update on Sale of Kalahari Copper Belt Licences to Sandfire Resources Ltd.

Salt Lake Potash Ltd (SO4.ASX.L) has appointed Isak Buitendag, a highly-experienced mining executive, as its new CEO. This is as the company moves forward with its flagship Lake Way Sulphate of Potash Project (SOP), in Western Australia.

Greatland Gold PLC (GGP.L) Acquisition of tenements in the Paterson Province. Greatland to expand footprint in the Paterson province by over 1,000km 2 , including a prospective area strategically located between Havieron and Telfer.

Announced it has entered into an agreement with Province Resources Limited (ASX:PRL) to acquire the 100% owned Pascalle tenement, the 100% owned Taunton tenement and two tenement applications for exploration licences in the Paterson Province of Western Australia for a consideration of cash and shares.

IronRidge Resources Ltd ( IRR.L), announced the final high-grade lithium drill intersections at targets near the Ewoyaa project in Ghana.

Oriole Resources PLC (ORR.L) Further Results from Year 4 RC drilling at Faré and Madina Bafé.

Has the option to spend up to US$8 million to earn a 70% interest (announcement dated 1 March 2018). IAMGOLD is currently in Year 4 of that earn-in and has this year completed more than 80% of a two-phase exploration programme for a planned c.11,000 metres (‘m’) at the Faré and Madina Bafé prospects.

Thor Mining PLC (THR.ASX.L) 2 Video Investor Presentations

GoldStone Resources Limited (AIM: GRL), the gold exploration and development company focused on bringing the Homase Mine within its Akrokeri-Homase Gold Project (“AKHM”) in Ghana into production, announces an operational update.

The Company has mined 133,000 tonnes of ore and 385,700 tonnes of waste and stacked 87,300 tonnes of ore on the Heap Leach pads. Whilst this is behind our initial forecast schedule, we are now stacking the balance of the stockpile at a consistent 120 tonnes per hour. We have temporarily paused further mining whilst the existing stockpile is being depleted, and expect to recommence shortly.

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