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Proactive weekly mining wrap: IronRidge Resources, AEX Gold, Alien Metals...

A snapshot of the news from the mining sector released over the past week

IronRidge Resources Ltd -

IronRidge Resources Limited (LON:IRR) revealed the latest high-grade drilling results from its Zaranou gold project in Côte d'Ivoire. The final batch of results of the second phase drill programme came from the Ebilassokro and Ehuasso targets.

AEX Gold Inc (LON:AEXG) (CVE:AEX) has said exploration at its main Nalunaq project in Greenland, where it has already drilled five holes since mid-August, has identified an outcropping Footwall vein.  The dual-London and Toronto-listed gold exploration group told investors that 1,200 metres of drilling had now been completed this summer season with first samples already sent to the lab.

Alien Metals Ltd (LON:UFO) has said the latest sampling programme conducted on the San Celso and Los Campos silver projects in Mexico has returned results that strongly correlate with historic work, increasing confidence in future drilling programmes to be undertaken at both, with the grades highly encouraging.

Vast Resources PLC (LON:VAST) has started work to install a new steel bridge at the Baita Plai mine site in Romania is to start today.The group announced earlier this month that operations at Baita Plai had paused temporarily due to safety concern over a railway bridge between the mine and the flotation plant.

Eurasia Mining PLC (LON:EUA) has reshuffled its executive team with non-executive director James Nieuwenhuys to become its new chief executive. Christian Schaffalitzky remains as executive chairman while Dmitry Suschov steps down from the board to become chief M&A officer.

Cornish Lithium  has revealed the results of preliminary sampling of deep geothermal waters at the United Downs Deep Geothermal Power Project near Redruth, Cornwall.  Initial results indicate some of the world’s highest grades of lithium and best overall chemical qualities encountered in published records for geothermal waters anywhere in the world.

Galileo Resources PLC (LON:GLR) has started a helicopter-borne electromagnetic survey (EM) over two of the tenures within its Kalahari Copper Belt project in western Botswana. Both prospects are considered very promising due to their similar geological settings to nearby deposits.

Metal Tiger PLC (LON:MTR) relayed metallurgical test results from Cobre Limited’s (ASX:CBE) Schwabe prospect, at the Perrinvale project.  A composite head assay measured 3.6% copper, 0.08% cobalt, 0.03% lead and 1.1 grams per tonne (g/t) gold, and 13.1 g/t silver.

Panther Metals PLC (LON:PALM) has released results from an airborne geophysics survey for the Big Bear Gold Project in Ontario, Canada. The property presently comprises a total of 253 identified geophysical anomalies and of those 39 are designated for priority investigation.

Pan African Resources plc (LON:PAF) has confirmed that 2020 gold production exceeded guidance and it is firmly on track to hit its 2021 target of 190,000 ounces. The group's results for the year ended June 30, 2020, confirmed a production tally of 179,457 ounces.

Ferro-Alloy Resources Limited (LON:FAR) has raised £733,000 from an equity issue with the proceeds earmarked for enhancements to operations in Kazakhstan. The group said the proceeds will fund connection to an adjacent high voltage power line, a project described by the company as a project of major importance.

Sunrise Resources PLC (LON:SRES) said it has received an Air Quality Operating Permit for its CS Pozzolan-Perlite project in Nevada, the final permit required for a mine and mineral processing plant. No adverse comments or objections were received during the public comment period which ended on September 11, 2020.

ECR Minerals PLC (LON:ECR) has updated investors on its activities at the Bailieston and Creswick gold projects in Victoria, Australia, which are owned by its subsidiary Mercator Gold Australia (MGA). The AIM-listed firm said field mapping and geochemistry is currently underway at multiple gold prospects in the Bailieston project area.

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