TechGen Metals has added to its copper-gold portfolio with \u2018Blue Devil\u2019 in WA
\nCastillo is also on the rise thanks to news regarding its Queensland red metal hunt
\nAntipa also up on copper-gold action, while FAU and RCR are back for yet more gains<\/p>\n
Here are some of the biggest resources winners in early trade, Tuesday May 14.<\/p>\n
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Gold and copper hunting junior TechGen is double digits to the good this morning after revealing it\u2019s bagged itself a new project to add to its collection, complementing another recent addition in Copper Springs.<\/p>\n
Dubbed Blue Devil, TG1\u2019s newest project is about 45km northeast of Halls Creek in WA and is a highly prospective copper-gold exploration operation that boasts previous rock chip peak values of 50.5% copper, along with 6.9g\/t and 53g\/t gold.<\/p>\n
The company notes that 15 of 34 previous rock chip samples at the site recorded above 1% copper with a peak of 50.5%.<\/p>\n
The site has limited previous drilling and as yet no geophysics or drill testing of high-grade copper-gold occurrences.<\/p>\n
TechGen\u2019s MD, Ashley Hood, noted that the company\u2019s new assets \u201cboast exceptional quality, evident in the style of mineralisation targets, geology and quality of previous work\u201d.<\/p>\n
Source: TG1
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\ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> Castillo is hunting the red metal through projects across Australia (Queensland and NSW) and in Zambia, Africa.<\/p>\n Amid the copper commodity pricing surges of late, the company, of course, plans to take full advantage of favourable market conditions. And, at the time of writing, it appears to be doing exactly that, with a 40% bourse burst upwards.<\/p>\n Today, it\u2019s announced that \u201cplans are underway\u201d to develop the Big One deposit, part of Castillo\u2019s NWQ project in Queensland.<\/p>\n Once approvals are secured, CCZ\u2019s geology team will also undertake soil and rock chip sampling at an area north of the known orebody where there is a sizeable, untested, bedrock conductor.<\/p>\n \u201cThe presence of malachite, azurite, and cuprite on the surface above potential targets, adjacent tenement holdings owned by majors, and the relative proximity to established and historic mine sites underpin the Big One deposit\u2019s exploration potential,\u201d chief geologist Joel Logan says.<\/p>\n The Big One Deposit has a JORC 2012 compliant Mineral Resource Estimate (MRE) of 2.1Mt at 1.1% Cu for 21,886t contained metal. \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> This one\u2019s on the rise again after dramatically peaking and selling off about a week or so ago.<\/p>\n The critical metals (REEs, niobium, copper, gold) junior is up about 20% today at time of key tapping, and more than 300% so far this year.<\/p>\n Today\u2019s news then \u2013 the company has revealed that a Heritage clearance survey over its high-priority \u2018Avalon\u2019 Nb-REE\/IOCG target has now been completed.<\/p>\n The survey encompassed the Avalon, Sheoak, K1 and K2 target areas, with 32 drilling traverses surveyed, allowing Rincon to fast-track additional drilling programs in the event of early success.<\/p>\n These targets are located at the company\u2019s wider West Arunta project area.\u00a0The final survey report is expected in four to five weeks, and if all goes according to plan drilling will happen some time just beyond that.<\/p>\n Our completed heritage clearance survey for the ‘Avalon’ Nb-REE\/IOCG target sets the stage for drilling in several weeks time.$RCR<\/a> #ASX<\/a> #ASXNews<\/a> #Investing<\/a> #Drilling<\/a> #Copper<\/a> #RareEarths<\/a> #Copper<\/a> #REE<\/a> #IOCG<\/a> pic.twitter.com\/aqYOJT8Efr<\/a><\/p>\n \u2014 Rincon Resources (@RinconResources) May 13, 2024<\/a><\/p>\n\n Last week, Rincon announced that it was successful in its application under Round 29 of the Western Australian Government\u2019s Exploration Incentive Scheme (EIS) for a co-funding grant of up to $180,000.<\/p>\n That grant is for the company\u2019s RC drilling program in the West Arunta, and will go towards the testing of the new targets mentioned above.<\/p>\n Avalon, in particular, is a significant gravity anomaly that the company says has high potential to represent a carbonatite Nb-REE or an IOCG mineral target and is similar to the gravity anomaly defining WA1 Resources\u2019 (ASX:WA1)<\/strong><\/a> Luni carbonatite. \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> Junior gold explorer First Au has made a solid gain today (about 75% at time of writing) amid high trading volume.<\/p>\n Something\u2019s going on \u2013 investors might know, but here\u2019s what we know. It\u2019s a management\/boardroom shuffle situation.\u00a0Why that\u2019s got investors frothing, though, is as yet not entirely clear.<\/p>\n The company has announced the resignation of its current CEO and MD Ryan Skeen, which will take effect at the conclusion of FAU\u2019s AGM on Thursday this week.<\/p>\n There\u2019s no public info just yet of his successor.<\/p>\n Otherwise, the goldie has been in the news a bit lately for other reasons, including the gain of a new exploration lease in Victoria that includes the historical King Cassilis mine.<\/p>\n According to records, that\u2019s a mine that\u2019s produced more than 3,000 ounces of gold at a grade of 14.4g\/t. \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> Another gold \u2018n\u2019 copper-hunting junior making sweet gains today, Antipa\u2019s assay results for the first six GEO-01 RC holes at its 100%-owned Minyari Dome gold-copper project in WA have returned some solid results.<\/p>\n It\u2019s talking thick zones of near surface, potentially open pittable, high-grade gold mineralisation.<\/p>\n Intersections include: 66m at 1.4g\/t gold and 0.04% copper, and 26m at 1.3g\/t gold from 37m down hole.<\/p>\n Antipa\u2019s MD Roger Mason put things into further context:<\/p>\n \u201cOur Phase 1 CY2024 drill programme is off to a great start, with fantastic initial results returned from the first six holes of resource delineation drilling at GEO-01.<\/p>\n \u201cGrades of up to one metre at 28.9 g\/t gold have been returned, with multiple intersections of near surface high-grade mineralisation. Importantly, these results show an increase in the thickness of the main zone of mineralisation.<\/p>\n \u201cWith GEO-01 open in most directions, it continues to shape up as a substantial shallow, maiden resource opportunity.\u201d<\/p>\n The next batch of results from the RC holes are due in coming weeks.<\/p>\n Initial results from Phase 1 drilling at Minyari Dome Project reveal thick zones of high-grade gold mineralisation at GEO-01. With potential maiden resource opportunity, we’re on track for significant discoveries! <\/p>\n Read the full announcement here: https:\/\/t.co\/pkwj4oB7bE<\/a>$AZY<\/a> pic.twitter.com\/7Kc8bDKxtg<\/a><\/p>\n \u2014 Antipa Minerals Limited (@AntipaMinerals) May 14, 2024<\/a><\/p>\n \n\u00a0<\/p>\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span><\/p>\n \u00a0<\/p>\n <\/span><\/p>\n The post Resources Top 5: It\u2019s copper and gold-hued gains on the ASX as TG1 and CCZ surge<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"
\n\u00a0<\/p>\nCastillo Copper (ASX:CCZ)<\/a><\/strong><\/h2>\n
\n\u00a0<\/p>\nCCZ share price<\/h2>\n\n
\n\u00a0<\/p>\nRincon Resources (ASX:RCR)<\/strong><\/a><\/h2>\n
\n\u00a0<\/p>\nRCR share price<\/h2>\n\n
\n\u00a0<\/p>\nFirst Au (ASX:FAU)<\/a><\/h2>\n
\n\u00a0<\/p>\nFAU share price<\/h2>\n\n
\n\u00a0<\/p>\nAntipa Minerals (ASX:AZY)<\/a><\/strong><\/h2>\n
AZY share price<\/h2>\n\n