Outcrop Silver & Gold Corporation has announced promising results from the first drill hole at the La Ye vein target at its Santa Ana silver project in Colombia. The company intersected high-grade silver mineralization, further bolstering the project’s potential for resource expansion.
Foran Mining Corporation has announced impressive assay results from its summer drill program at the Tesla Zone, part of the McIlvenna Bay property in Saskatchewan. Hole TS-24-30 intersected a substantial copper-rich mineralized zone, reaffirming the Tesla Zone’s significant copper potential. Assays are pending from six additional holes, and a winter drill program is planned to further explore the zone.
Interra Copper Corp. has commenced its Phase One drilling program at its RIP Copper Project in British Columbia. The project boasts two potential porphyry copper-molybdenum (Cu-Mo) mineralized centers, with one entirely untested and the other partially explored. Analyst Clive Maund highlights the stock’s ‘huge upside potential’ citing the favorable outlook for copper prices and the company’s recent financings. Experts agree that copper demand is poised for significant growth driven by the global energy transition and the rising need for electric vehicles and renewable energy infrastructure.
North Shore Uranium is aggressively exploring for uranium in Saskatchewan’s Athabasca Basin, a region known for its high-grade uranium deposits. The company has identified numerous targets, including several promising areas at its Falcon project, and is preparing for future drilling campaigns. With a growing demand for uranium globally, North Shore’s exploration efforts could potentially benefit from a significant discovery and resource development.
MCF Energy Ltd. is pleased to announce the planned well testing program for the Welchau-1 discovery in Upper Austria. The company holds a 25% economic interest in the Welchau Exploration Area, where the Welchau-1 well intersected three promising carbonate reservoirs. Testing is scheduled to commence on October 15, 2024, aiming to confirm hydrocarbon characteristics, determine well productivity, and estimate recoverable resource volumes.
1911 Gold Corporation has received a significant boost for its exploration efforts. Eric Sprott, a prominent investor, exercised warrants for $1.67 million, increasing his stake in the company. These funds will power the upcoming drill program at the Rice Lake Gold property in Manitoba, Canada, scheduled to begin in mid-October.
NGEx Minerals is set to launch its largest drill program to date at the high-grade Lunahuasi copper-gold-silver project in Argentina. The program aims to expand the deposit, potentially confirming Lunahuasi as one of the most significant discoveries of the past decade.
Vortex Metals Inc. (VMSSF) is making waves in the copper exploration space with its Illapel project in Chile, showcasing high-grade copper and precious metal mineralization. The project’s location near established mines, coupled with the bullish outlook for copper prices, makes Vortex a compelling investment opportunity. Analysts are optimistic about the company’s future, predicting strong performance driven by its exploration successes and favorable market conditions.
Vortex Energy Corp. has announced the discovery of visible salt rock at a depth of 327 meters in their third core well at the Robinsons River Salt Project. This discovery further validates the presence of salt formations at the site and strengthens the potential for hydrogen storage in salt caverns.
Monumental Energy Corp. is expanding its operations in the Taranaki region of New Zealand, exploring potential oil and gas opportunities with New Zealand Energy Corp. (NZEC). The company plans to conduct site visits and due diligence on multiple opportunities, including farm-in on oil workover wells, royalty arrangements, exploration of new targets, and bids for new tender blocks. Monumental is also excited about NZEC’s upcoming drilling of the Tariki-5 gas well, which is expected to address the country’s gas shortage.
