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IronRidge Resources Expansion Drilling Returning Excellent Results
IronRidge Resources (LON:IRR) has increased the scale of its ongoing phase four drilling programme at the Ewoyaa Lithium Project, located in Ghana, following excellent initial results.
This reverse circulation (RC) drilling programme is focused on testing several targets that have not previously been drill tested. Positive initial results from the drilling programme encouraged the company to increase the size of this phase four drilling programme by 32% to 16,600 metres (m) from 12,500 m, previously.
IronRidge s current total JORC 2012 compliant mineral resource estimate of 14.5 million tonnes (Mt) at a grade of 1.31% Li
2O was based on 25,563 m of RC drilling (198 holes) and 1,394 m of diamond drilling (11 holes) completed in three phases.
Aurania: Dynamics dramatically altered by upsurge in gold price
Mining expert Christopher Ecclestone talks to Proactive London about Aurania (CVE:ARU- OTCQB:AUIAF) after his initiation of coverage just under a year ago, now taking a look at Aurania s exploration programme and the recognition of this new district due to the successes of near neighbours such as Solaris.
He says the dynamics have been dramatically altered by the upsurge in the gold price in 2020 and the copper price in 2021.
And major discoveries in the vicinity (e.g. Solaris at Warintza) have electrified the district and spurred investors interests in companies exploring the area.
Aurania: Widening the Metals Hunt
The territory that Aurania was targeting has gone from a sleepy jungle backwater to the hottest mining real estate in Latin America in the space of 18 months. Initially motivated by a hunt for historically mined prospects from colonial days, Aurania s outlook has been transformed by a combination of dramatically improved perceptions of Ecuador s attitude towards mining, Fruta del Norte s revival and some stunning discoveries by other explorers in the district.
While a chunk of 2020 was lost as downtime due to the pandemic, activities have been ramping up again since restrictions on movement into Ecuador were lifted.