Proactive - Interviews for investors

North Bay Resources CEO Jarad Lazerson joined Steve Darling from Proactive to share news of multiple high-grade gold assays from the company's Fran Gold Project. The samples were taken from the primary area of gold mineralization within the Bullion Alley Zone, particularly around Trenches B and C.

Lazerson reported that these assays have returned remarkable results, with multiple samples showing gold concentrations in excess of 1 ounce per ton, and some even reaching up to 2.2 ounces per ton. This suggests the presence of a larger high-grade area of near-surface mineralization. The central area of the Bullion Alley Zone has been identified as the richest part of this region, a conclusion supported by both recent and historical sampling and drilling. Notably, over 50,000 feet of diamond drilling across 104 holes have contributed to this extensive dataset.

The gold deposit has been delineated from the surface, stretching 3,700 feet in length, with a width of up to 120 feet and a depth exceeding 700 feet. The B and C Sub-Zones, which were re-established during the Spring 2024 exploration program, have become the focal point of ongoing development efforts. A surface bulk sample of 5,000 tons has been outlined within this larger gold deposit, and mill and metallurgical testing are currently underway. These promising developments underscore the potential for significant gold production at the Fran Gold Project.

#proactiveinvestors #northbayresourcesinc #otc #nbri #PlatinumConcentrate #NorthBayResources #MiningNews #CaliforniaGold #JaredLazerson #GoldRush #ProactiveInvestors #PreciousMetals #MiningUpdates ---#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Gold Basin Resources CEO Colin Smith joined Steve Darling from Proactive to share the latest drill results from the recently completed resource expansion and delineation drill program at the company's Gold Basin oxide gold project in Arizona. This phase of drilling specifically targeted step-out collar locations along the previously undrilled northern road at the Stealth deposit, revealing some promising intervals of near-surface oxide gold.

Smith highlighted the results from drill holes ST24-038 and ST24-039, which were positioned 50 meters east-southeast of hole ST24-031. The latter had previously returned an impressive 51.8 meters grading 1.31 g/t gold from 82.3 meters, including a high-grade interval of 38.0 meters at 1.69 g/t gold from 94.5 meters. These new drill holes further extend the high-grade interval along strike, indicating the potential for significant resource growth in this area.

The company has received full assay results for 9 holes so far, with the remaining 13 holes expected to be reported within the next 4 to 6 weeks. This ongoing exploration and drilling program continues to underscore the potential of the Gold Basin project as a significant oxide gold deposit in Arizona.

#proactiveinvestors #goldbasinresourcescorporation #tsxv #gxx #otcqb #gxxff

#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Arturo Prestamo, Executive Chairman and CEO of Santacruz Silver Mining joined Steve Darling from Proactive to announce the latest Mineral Resource and Reserve estimates for the company’s three producing assets in Bolivia: the Bolivar mine, the Porco mine, and the Caballo Blanco Group of mines. These estimates mark a significant milestone for Santacruz Silver Mining as the company continues to expand its footprint in the region.

Prestamo revealed that the Total Proven and Probable Mineral Reserves amount to 54 million silver equivalent ounces, including 19 million ounces of silver and 259 thousand tonnes of zinc. This substantial reserve base underpins the company's ongoing production and highlights the potential longevity of these assets.

In addition, the Total Measured and Indicated Resources stand at 102 million silver equivalent ounces, which includes 32 million ounces of silver and 518 thousand tonnes of zinc. The Total Inferred Resources across the Bolivian producing mines have been estimated at 189 million silver equivalent ounces, comprising 72 million ounces of silver and 882 thousand tonnes of zinc. Furthermore, an initial Inferred Resource for the Soracaya deposit has been reported at 35 million ounces of silver.

Prestamo also emphasized that these Bolivian assets are currently in production and remain open along strike and at depth. With an ongoing exploration program in place, Santacruz Silver Mining sees considerable potential to further expand the existing Mineral Resources and Reserves, securing the company’s growth prospects well into the future.

#proactiveinvestors #santacruzsilverminingltd #tsxv #scz #mining

#MiningIndustry #Q2Results #ArturoPréstamo #SilverAndZinc #CommodityPrices #ProactiveInvestors #MiningNews #Glencore #FinancialGrowth #MexicoMining#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Alligator Energy Ltd (ASX:AGE, OTC:ALGEF) CEO Greg Hall joins Proactive’s Tylah Tully to talk about a drilling program at the Nabarlek North Uranium Project in the Northern Territory of Australia, amid an upsurge in the uranium market.

The project targets unconformity-style uranium deposits in the Lower Cahill Formation, similar to those at Ranger, Jabiluka and the historic Nabarlek sites.

This drilling campaign is the result of two years of systematic exploration, including geochemical testing, reconnaissance mapping and high-resolution airborne surveys. Up to 5,000 metres of reverse circulation drilling will be carried out across 10 locations by the contractor Topdrill.

The company has secured all necessary approvals, including cultural clearances, and is supported by a Northern Territory Government co-funded stratigraphic drilling program valued at $100,000. Drilling is expected to take four to six weeks, with results anticipated by November 2024.

Nabarlek North is a promising but under-explored area less than 7 kilometres north of the historic Nabarlek uranium mine.

The 2024 exploration strategy focuses on regional and tenure-wide targets, aiming to replicate successful exploration models from nearby uranium deposits. The results will inform future exploration activities.

#ProactiveInvestors #AlligatorEnergy #ASX #UraniumDrilling #NabarlekNorth #Exploration #MiningNews #NorthernTerritory #ARUP #UraniumMining #GeologicalSurvey #Topdrill #GeochemicalTesting #ResourceExploration #CulturalClearance #GovernmentSupport #ReverseCirculationDrilling #ProterozoicUnconformity #MineralExploration #EnergySector #MiningIndustry #AustraliaMining

#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Galileo Mining Ltd (ASX:GAL, OTC:GLMGF) managing director Brad Underwood joins Proactive’s Tylah Tully to discuss a drilling campaign at the Callisto North prospect, part of its 100%-owned Norseman Project in Western Australia.

The RC drilling is targeting platinum group elements (PGE) and nickel-copper along the same trend that hosts the Callisto deposit. The 2,000-metre drilling program is expected to be completed within three weeks, with initial assay results anticipated by late September or October 2024.

This drilling is aimed at several high-priority targets between one and five kilometres north of the 17.5 million tonnes Callisto resource. These targets were identified using geophysical electromagnetic (EM) and induced polarisation (IP) surveys, as well as geochemical data. Galileo’s efforts are part of a broader strategy to explore and potentially expand resources in this geologically fertile region.

The company is well-funded, holding $13.6 million in cash as of June 30, 2024, and is committed to ongoing exploration despite current market conditions.

Underwood said the company’s goal was to make new resource discoveries through continued exploration activities.

#ProactiveInvestors #GalileoMining #ASX #CallistoNorth #PGEs #NickelExploration #CopperExploration #NorsemanProject #WesternAustraliaMining #ResourceExploration #GeophysicalSurveys #MineralDiscovery #MiningIndustry #ASXStocks #MiningNews #ExplorationDrilling #ResourceDevelopment #MarketUpdate #MetalsAndMining #RCDrilling #GeochemicalTargets #MiningInvestments

#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) president and CEO Segun Lawson speaks to Proactive's Stephen Gunnion about the company's robust performance in Q2 2024, particularly at its Segilola Gold Mine in Nigeria.

Lawson highlighted that the company achieved record gold production and net profits during the quarter, driven by recent plant upgrades and efficient cost management.

He emphasised that the company is well-positioned to continue its strong performance, with over one year's worth of material stockpiled for processing even after mining operations conclude. The reduction of debt is also a priority, with $7.9 million paid off towards the senior debt facility, and the remaining balance expected to be cleared by year-end.

Looking ahead, Lawson discussed the company's strategic focus on extending the life of the Segilola mine through near-mine exploration and upcoming projects in Senegal and Nigeria. He noted that the Douta Project in Senegal, which is nearing its PFS stage, could significantly enhance the company's valuation, potentially offering a ten-year mine life at 100,000 ounces per year.

Visit Proactive's YouTube channel for more videos, and don't forget to give this video a like, subscribe to the channel, and enable notifications for future content.

#GoldMining #ThorExplorations #SegunLawson #GoldProduction #NigeriaMining #MiningInvestment #GoldPrices #DebtReduction #SenegalMining #MineralExploration #ProactiveInvestors#ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

London's FTSE 100 ticked up on Friday morning in a quiet day for company news.

Leading headlines was confirmation from Ofgem that energy prices would be hiked by 10% this October following a rise in wholesale prices, affecting 28 million households.

Consumer confidence figures for August showed sentiment remained unchanged month-on-month after hitting its highest level for almost two years in July.

Among companies, Melrose was the only real mover early on, falling over 4%, which coincided with news the company had bought back over 388,000 shares.

In Europe, Nestle announced Mark Schneider would be replaced by company veteran Laurent Freixe as chief executive after eight years at the helm.

And finally, attention turns later to the Jackson Hole Symposium and Fed chair Jerome Powell’s speech, with investors awaiting any clues on the depth of US rate cuts.

#proactiveinvestors #ftse #ftse100 #footsie #marketreport #ofgem #consumerconfidence #melrose #nestle #markschneider #laurentfreixe #jacksonhole #jeromepowell #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams tells Proactive's Stephen Gunnion about the company’s significant progress in Ethiopia, following a period of economic and political instability in the country.

Anagnostaras-Adams highlighted Ethiopia’s resurgence as a key player in Africa, drawing parallels between the country’s current economic drive and his experiences in Japan and South Korea. He emphasised the importance of KEFI seizing opportunities in the country, especially with the alignment of favourable conditions in the mining sector.

Anagnostaras-Adams also addressed the challenges in securing project finance, particularly in the tough capital markets, and explained how KEFI is overcoming these hurdles with a combination of strategic partnerships and local investments. He expressed optimism about the future, noting that Ethiopia's economic recovery and reform agenda are creating a conducive environment for mining activities.

Anagnostaras-Adams concluded by discussing the trends in the gold market and KEFI’s plans to lock in profits through strategic financial measures. With private sector growth and government support, KEFI is well-positioned to capitalize on these developments.

Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel, and enable notifications for future content.

#KEFIGold #MiningEthiopia #GoldandCopper #HarryAnagnostarasAdams #EthiopiaEconomy #TuluKapi #GoldMarket #ProjectFinance #ProactiveInvestors #AfricanMining#ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Cobre Ltd (ASX:CBE) Adam Wooldridge tells Proactive's Stephen Gunnion about the company's recent seismic survey work at the Kitlanya West copper project, located in the Kalahari Copper Belt in Botswana.

Wooldridge emphasised the significance of seismic technology in the company's exploration strategy, aiming to identify new tier-one deposits. He highlighted that seismic data allows for precise targeting of potential large-scale deposits by modelling fold zones and identifying trap sites within the basin margins. This approach marks a significant shift from traditional exploration methods, providing a three-dimensional context to the data, which could greatly enhance the potential for discovering new mineralisation.

Wooldridge also discussed the promising initial results from the seismic surveys, noting the strong depth penetration and resolution achieved. The results, expected within a few months, are anticipated to guide Cobre's future exploration efforts, ensuring more focused and scientifically backed drilling programs.

"If you don't know what the seismic mix is, you're almost drilling blind and hoping for luck," Wooldridge explained, underscoring the importance of this technology in modern exploration.

For more insights into Cobre Ltd's exploration strategies and upcoming results, visit Proactive's YouTube channel for more videos. Don't forget to give this video a like, subscribe to the channel, and enable notifications for future updates.

CobreLtd #CopperExploration #KalahariCopperBelt #SeismicSurvey #MiningTechnology #MineralExploration #TierOneDeposits #MiningNews #ResourceDevelopment #Geophysics#ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Elixir Energy Ltd (ASX:EXR) managing director Neil Young joins Proactive’s Tylah Tully to discuss the company’s first ever successful flow of gas from deep coals in the Taroom Trough, Queensland, through its Daydream-2 well at Project Grandis.

The gas flowed to the surface unassisted from coal seams situated between 3,786 and 3,678 metres deep, marking a significant milestone as the deepest coal in Australia to achieve this.

Young described the achievement as a “fantastic outcome” highlighting the potential of the deep coals, which are estimated to contain trillions of cubic feet of gas.

The company is now transitioning to the next phase of the project, which involves consolidating the flow results from the six separate stimulated zones in the well. This will aid in converting the prospective resources into contingent resources, an essential step for resource certification.

The timing of further announcements will depend on the flow test results and other operational factors.

#ProactiveInvestors #ASX #ElixirEnergy #GasExploration #TaroomTrough #Queensland #Daydream2 #ProjectGrandis #EnergySector #GasFlow #BowenBasin #NaturalGas #AustraliaEnergy #ResourceDevelopment #DeepCoal #GasProduction #EnergyNews #ASX #OilAndGas #ContingentResources #NeilYoung #EnergyProjects #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews