Infini posts ridiculously high grades of U3O8 from Portland Creek, up to 74,997ppm from soil samples
\nAntipa intersects high grades of near-surface gold at Minyari Dome
\nNorwest adds gold and copper targets to its niobium hunt in West Arunta<\/p>\n
Here are the biggest small cap resources winners in morning trade, Wednesday, July 10. Prices accurate at time of writing.<\/p>\n
\u00a0<\/p>\n
Initial results from I88\u2019s soil sampling of its Portland Creek uranium project in Newfoundland, Canada, were too much for the first lab detector to handle, maxing out at 11,792ppm, so off they went again to be re-assayed with a much shinier one.<\/p>\n
It probably almost maxed that one out too, as new results from the 17 overcooked samples reached an eye-whopping peak grade of 74,997ppm.<\/p>\n
Impressive, since the average background reading in soils is ~8ppm U3O8 (8 times\u2026 divided by 14\u2026 carry the 2\u2026) a casual 9375 times background.<\/p>\n
74,997ppm is almost 7.5% uranium content in a sample \u2013 which is gangbusters \u2013 and a total seven out of the 17 all re-assayed >3% U3O8.<\/p>\n
A field geologist somewhere might be glowing in the dark, but hey, at least they\u2019d be a hit at Halloween parties.<\/p>\n
It\u2019s probably best practice then, that they decided to send a UAV drone in to further study the Talus prospect \u2013 where the samples were taken from.<\/p>\n
\u201cThese follow-up assay results confirm Infini has encountered world-class grades of uranium in soil samples at Portland Creek,\u201d Infini CEO Charles Armstrong said.<\/p>\n
\u201cI am not aware of any other explorers that have returned results close to what we are seeing here in our maiden fieldwork program.<\/p>\n
\u201cWe now eagerly wait for processing of the UAV drone magnetic survey that was flown over Talus to see what potential structural controls exist linked to this special anomaly.\u201d<\/p>\n
Shares in the yellowcake hunter have gone through the roof, with trades on open hitting a high of 90c before settling to still sit up 51% at 74c per share.<\/p>\n
\u00a0<\/p>\n
The Talus prospect targets at Portland Creek. Source: Infini Resources.<\/p>\n
\u00a0<\/p>\n\n
\ufeff<\/span><\/span>\u00a0<\/p>\n Phase 1 drilling of AZY\u2019s 1.8Moz Minyari Dome gold-copper project in WA\u2019s Paterson Province has identified new, near-surface gold zones along the northern edge of the GEO-01 discovery.<\/p>\n Hits included a highlight intersection of 35m at 3g\/t gold from 20m down hole in 24MYC0610, including 16m at 5.6g\/t gold from 33m down hole at the GEO-01 prospect.<\/p>\n Results from GP01 intersected 8m at 5.3g\/t gold and 0.07% copper from 96m down hole in 24MYC0607, including 4m at 8.5g\/t gold and 0.12% copper from 96m down hole.<\/p>\n \u201cWe are advancing workstreams designed to deliver a GEO-1 maiden resource and an update to the existing Minyari resource, both scheduled for July while we prepare for the upcoming CY2024 Phase 2 drilling program set to commence later this year,\u201d MD Roger Mason says.<\/p>\n The copper, gold and silver-laden Paterson Province is home to Newmont\u2019s Telfer mine, Rio Tinto\u2019s Winu development and Greatland Gold\/Newmont\u2019s Havieron JV.<\/p>\n AZY also has a bunch of other exploration tenements and farm-in JV agreements in the region with IGO, Rio Tinto and Newmont.<\/p>\n The junior\u2019s stock rose 10% on the back of the news, trading at 1.1c per share.<\/p>\n \u00a0<\/p>\n Paterson Province projects and JVs. Source: Antipa Minerals.<\/p>\n \u00a0<\/p>\n\n \ufeff<\/span><\/span>\u00a0<\/p>\n Niobium hunter NWM has added copper-gold drill targets at its Arunta West project\u2026 in West Arunta \u2013 one of Australia\u2019s latest hotbeds of exploration activity.<\/p>\n The catalyst was WA1 Resources (ASX:WA1)<\/strong><\/a> unearthing its super high-grade Luni niobium deposit that recently served up a 200Mt niobium resource \u2013 the largest find of its kind in over 70 years.<\/p>\n NWM is in early-doors exploration for the 1500km2 Arunta West, mapping targets for the critical minerals program. And it\u2019s just added the huge 3km x 1.5km Tamba copper-in-soil anomaly to its target list, the likely starting point for upcoming drilling plans.<\/p>\n Shares in the minnow rocketed 18.8% on the news to 3.8c per share.<\/p>\n \u00a0<\/p>\n\n <\/span>\u00a0<\/p>\n The drill bit is spinning at MKG\u2019s Tchaga North prospect, part of the Napi\u00e9 gold project in C\u00f4te d\u2019Ivoire.<\/p>\n 1500m of scout RC drilling is targeting three high-grade zones that MKG laid eyes on after compiling data from recent mapping and trenching programs.<\/p>\n A deep artisanal (near-surface oldschool digging) mine site, the Discovery zone and Double zone will be worked on.<\/p>\n Testing of the three high-grade prospects is \u201cjust the beginning\u201d MKG MD Peter Ledwidge says, of what may unlock further significant gold mineralised zones.<\/p>\n \u201cThese zones could contribute towards an increase of the current 868,000oz gold resource on the Napi\u00e9 permit.\u201d<\/p>\n Shares in the West African gold explorer are up 22.22% to 1.1c per share.<\/p>\n \u00a0<\/p>\n\n <\/span>\u00a0<\/p>\n (Up on yesterday\u2019s news)<\/strong><\/p>\n Focusing on gold, silver and base metals in NSW\u2019s Tier 1 New England Ford Belt, where the Mt Carrington and Webbs silver mines are located, LDR shares have shot up today \u2013 perhaps on yesterday\u2019s news of appointing Jason Beckton as exec director of resource development.<\/p>\n Beckton has a wealth of experience in gold and silver project execution, with stints at Gympie Gold, Bolnisi Gold as project manager for the Palmarejo silver-gold mine (acquired for US$1.1bn) and Exeter Resources.<\/p>\n \u201cThis is an important appointment for Lode,\u201d LDR exec chair Andrew van Heyst said.<\/p>\n \u201cAs we move the Webbs Consol silver project towards a maiden resource, Jason\u2019s expertise and engagement will be critical in delivering a commercial outcome for our shareholders and stakeholders.\u201d<\/p>\n Shares in the junior are up 19.5% to 9.8c per share at time of writing.<\/p>\n \u00a0<\/p>\n\n \ufeff<\/span><\/span>\u00a0<\/p>\n Killi Resources \u2013 <\/strong>still heavily traded today and up another 29%<\/strong> \u00a0<\/p>\n At Stockhead we tell it like it is. While Norwest Minerals and Mako Gold are Stockhead advertisers, they did not sponsor this article.<\/em><\/p>\n This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n The post Top 5 Resources: Infini explodes with 7.5% U3O8 hit and gold hunters boom<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Antipa Minerals (ASX:AZY)<\/strong><\/a><\/h2>\n
Norwest Minerals (ASX:NWM)<\/strong><\/a><\/h2>\n
Mako Gold (ASX:MKG)<\/strong><\/a><\/h2>\n
Lode Resources (ASX:LDR)<\/strong><\/a><\/h2>\n
Other resources stocks up in early trade:<\/strong><\/h2>\n
\nArrow Minerals \u2013 <\/strong>Up on no news 25%<\/strong>
\nDalaroo Metals \u2013 <\/strong>Up on no news 45%<\/strong><\/p>\n