Featured Image: Colourful outcrop at Riverside Resources' Los Cuarentas Au-Ag project.
Good morning, afternoon, and evening everyone!
Riverside Resources (TSXV:RRI, OTCQB:RVSDF, F:5YY) provided an update on their exploration work at the Cuarentas gold-silver project, Sonora, Mexico. The partner-funded program (Hochschild Mining) has just returned some “encouraging assays” from a 1.7km long mineralised structural trend. To learn more and read their results, check out the latest NR here.
Avrupa Minerals (TSXV:AVU) commenced drilling on their Alvalade Project, located in the Iberian Pyrite Belt of Portugal. The 115km2 area is prospective for Copper-Zinc VMS-hosted mineralisation and will see 7-8,000m of diamond drilling over 12 to 15 holes. They are initially targeting Sesmarias, a located of previous drilling and promising results.
Mawson Gold (TSX:MAW, FSE:MXR, PK:MWSNF) announced that drilling on the F11 target at their Mount Isa Southeast Project has been completed. Two main styles of sulphide mineralisation were encountered downhole, but full assay results are still pending and are hoping to be reported in January.
“We look forward to receiving assays and building on our exploration model for this poorly known part of one of the most prospective base metal terranes in the world.” Mike Hudson (CEO, Mawson Gold)
Greatland Gold (AIM:CGP) announced the publication of a JORC Initial Inferred Mineral Resource Estimate for their Havieron JV project with Newcrest Mining (ASE:NCM). The estimate states inferred resources of 52Mt @ 2 g/t Au and 0.31% Cu which with 2021 growth and infill drilling planned, is hoping to be increased and upgraded to Indicated by late 2021 alongside the delivery of a pre-feasibility study.
District Metals (TSXV:DMX, FRA:DFPP) had two NRs this week. High priority geophysical targets have been identified across their Tomtebo polymetallic project in south-central Sweden, and they have begun their ground-based gravity survey on the historic mine trend. These are the last steps of 2020 as the company prepare to drill in Q1 2021. Importantly, these geophysical surveys will facilitate the refinement of their soon-to-be-drilled targets. Tomtebo is shaping up to be a great project, you can learn more about it here in our Project of the Week series.
Peñasquito Proves Itself. Newmont’s (Newmont-Goldcorp) polymetallic, open pit Peñasquito mine is set to continue production beyond 2040. Only 10% of the vast 650km2 property that is home to the mine has been drilled, and this upside potential is one of the reasons the LOM is expected to be extended. The company has cited a $10m investment to establish a pipeline of exploration targets to work through. Predicted production in 2021 currently stands at 660koz Au, 30Moz Ag, 475M lb Zn, and 190M lb Pb.
Some interesting things you may have missed
- “How the road to renewables runs through mining” by Luiza Savage, Politico. Read it here
- “Data, Fuelling the mining operations of tomorrow” by Carly Leonida, The Intelligent Miner. Read it here.
Friday 18th December 16:00 AEDT - Unearthing the treasures of Lapland - the home of Santa by Mark Bnnet & Stephanie Blaberg. Cam Knight, stand-up comic, beforehand. Networking, happy hour & Q&A after. A GeoHUG event. Register here.
Wishing you all a Merry Christmas and happy week.