Welcome to our weekly roundup of junior mining news from across the markets for the last seven days.
We kick off with Centaurus Metals (ASX: CTM), which was informed by the Brazilian federal government that its 100%-owned Jaguar Nickel Sulphide Project has been selected as a strategic minerals project.
“The selection … is further demonstration of the project’s global significance and its strategic importance to Brazil. We applaud the Brazil government for introducing such a strong initiative for mineral projects considered to be of strategic importance to the country,” said Darren Gordon, Centaurus Metals’ managing director.
Fellow ASX-listed company Galileo Mining (ASX: GAL) has reported multiple anomalous palladium assay results from the Mission Sill prospect from aircore drilling at the company’s Norseman project in Western Australia.
Brad Underwood, the company’s managing director, said, “Palladium at our Norseman project is now a heavy focus of exploration as results continue to demonstrate the exceptional potential of the area. We have three prospects all with significant palladium results that urgently require follow up drill testing – Mission Sill, Jimberlana, and Mt Thirsty.”
There was also positive news from Horizonte Minerals (AIM: HZM), which announced an update regarding its 100% owned, tier one, Araguaia ferronickel project located in Carajás Mining District in the Pará State, north Brazil. Procurement and early works continue on-site, which includes geotechnical drilling, site access upgrades and temporary site facilities. The company intends to start the main earthworks at the start of Q2 2022.
On to drilling news, and American West Metals (ASX: AW1) has revealed that it has sighted a significant intersection of mineralization in the second diamond drill hole successfully completed at the West Desert Project in Utah, U.S.
The results are from drill hole WD22-01C, which was designed to test extensions of high-grade copper mineralization along the porphyry and skarn contact on the margins of the property. An impressive total of 332m of copper, zinc and molybdenite mineralization has been visually identified in the drill core.
Up in northern Canada, Victoria Gold Corp. (TSX: VGCX) reported it has obtained further positive assay results from the 2021 Dublin Gulch exploration programme’s Lynx diamond drillholes in the Yukon.
Lynx is a newly developing on/near-surface gold target within the Dublin Gulch Gold Camp. During the 2021 season, over 20,000 m of diamond drilling were completed across the claim package; including 11 holes for 2,706 m drilling at Lynx combined with a suite of surface trenches, mapping and soils geochemical surveys.
Finally, Freeman Gold Corp.’s (TSXV: FMAN) (OTCQX: FMANF) common shares have qualified to trade on the OTCQX Best Market and has commenced trading today under its existing symbol of “FMANF”.
It is expected that graduating to the OTCQX Market is anticipated to provide improved liquidity, an enhanced trading experience for current and potential U.S. investors and expose the company to a broader market.
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