Xtract Resources (XTR), said that independent laboratory assays have been received from two further drill holes (BRDD-21-010 and BRDD-21-013) completed on the Phase 2 diamond drilling programme at the Racecourse Mineral Resource on the Bushranger copper-gold exploration project.
Drill hole BRDD-21-010 returned a very wide intersection, with higher grade intermediate zones. The company said the hole shows excellent mineral continuity down-dip of hole BRDD-21-008, confirming the pattern of copper grade enhancement at shallower depths within the central part of the conceptual open pit area. Hole BRDD-21-013 was drilled towards the southern end of the Racecourse Mineral Resource. It also encountered a wide zone of copper mineralisation.
AIM-quoted gold mining Company, Chaarat (CGH) announced its production and operational results for the quarter ended 30 September 2021 for its Kapan Mine in Armenia and a general corporate update. In Kapan Chaarat said it is on track to meet the production guidance of 57koz for 2021, which will rely on a steady source of third-party ore supply for the remainder of 2021. 2021 drilling programmes have been completed with Kyzyltash results published and Tulkubash results expected in November 2021. The Kyzyltash core sample selection is underway in preparation for shipment to SGS Canada Inc for metallurgical testwork to commence later this quarter.
Tirupati Graphite (TGR), the specialist graphite producer and graphene and advanced materials developer, announced the publication of its inaugural Sustainability Report. The company said that its areas of specialisation; flake graphite, a critical material and essential element in a green economy, new age 2D materials – graphene and its derivatives, have the potential to evolve the world of materials to reduce energy consumption, improve efficiency and improve the life cycle of materials. This followed yesterday’s well received inaugural shareholders and investor event in London, hosted by broker Optiva.
After a flying start on the stock market for its shares, Bens Creek Group (BEN), the owner of a metallurgical coal mine in North America, said that its wholly owned subsidiary Ben’s Creek Operations and Mega Highwall Mining LLC have entered into a contract mining services agreement. MHW will be responsible for the production of BCO’s metallurgical coal reserves for an initial 12 month period.
AIM quoted investment company Prospex Energy (PXEN) provided an update on the El Romeral well intervention project in southern Spain, in which the company holds a 49.9% working interest, through its interest in Tarba Energia. The company said the investment in the surveillance in the El Romeral wells has delivered valuable data regarding the status of the wells and the reservoirs. It allows up-dating of the expectations regarding the geological model of the reservoir and the well performance of the facilitates and the decision-making process.
Bradda Head Lithium (BHL), the North America-focused lithium development group, said that it has received positive initial results of the GPRplus(TM) geophysical programme at the Company’s Burro Creek and Wikieup projects in Arizona. Positive initial results have reinforced the original theory that the clay at Burro Creek East (where Bradda has a JORC resource of 185kt of Lithium Carbonate Equivalent (LCE)) thickens towards the west and north-west towards Bradda’s other claims. At Wikieup, where drilling is planned to commence in Q4 at sections 12, 13 and Wikieup NW all show clay thicknesses of up to 90 metres, comparable to what is seen at Arizona Lithium’s (formerly Hawkstone) Big Sandy deposit (1,850ppm Lithium grade), which is adjacent to Bradda Head’s Wikieup claims.
Another day, another update from Rock Mountain oil and gas group Zephyr Energy (ZPHR). It updated regarding the land position on its flagship project in the Paradox Basin, Utah, where the Company is currently production testing the State 16-2LN-CC well. Zephyr is pleased to announce that following its recent activity on the State 16-2LN-CC well, the United States Bureau of Land Management has approved the formation of a new 25,000-acre Federal Unit to be operated by Zephyr. The new unit, named the White Sands Federal Unit, incorporates all the Company’s existing leases covered by its historic 3D seismic survey, including the lease on which the State 16-2LN-CC well is situated. Zephyr said that the WSU approval, effective 1 October 2021, is a key milestone in its ongoing development of the Paradox project.
Quantum Blockchain Technologies (QBT) said that it has today issued 17.5m shares at a 2p in the wake of the exercise of 17.5m warrants of the 100m warrants granted to high profile investor John Story in relation to the £1m placing announced on 22 February 2022. The proceeds of £350,000 will increase QBT’s working capital designated for the Research and Development programme.
Contango Holdings (CGO) delivered a Garalo-Ntiela Gold Project update. It said that airborne magnetics have confirmed that Garalo-Ntiela Project hosts similar tectonic structures to a number of multi-million ounce deposits in the region. Two prominent structures have been confirmed, running NE-SW and NW-SE, along with a new ‘dome’ structure in the north-west corner. Drilling is to commence on G1 and G3 structures Q4 2021, targeting NI 43-101 Resource of up to 2Moz.
Castillo Copper (CCZ), announced its latest quarterly report for the period 1 July to 30 September 2021. During the period, most of the focus remained on developing the Big One Deposit within the Mt Isa copper-belt in north-west Queensland. Earlier this month CCZ revealed significant pegmatite outcropping along Litchfield Lithium Project’s western boundary. The follow up site visit to the Litchfield Lithium Project in the Northern Territory, has highlighted significant pegmatite outcropping along the western boundary. This is contiguous to Core Lithium’s (ASX: CXO) Finnis Lithium Project which has JORC compliant ore reserves (7.4Mt @ 1.3% Li).
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