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Great Western Mining Corp News

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Yellow PeakFinnaust Mining Finland OyBlencowe

Artemis Resources, Great Western Mining Corp, 80 Mile, Blencowe Resources

Artemis Resources announced the completion of the first phase of drilling to test three previously undrilled, high-priority gold targets on the Carlow Tenement. Drilling tested three high-priority gold targets within a >4km long corridor centred around Carlow.

Target areas drilled were the Titan gold prospect, 2km northwest of the Carlow deposit; Marillion EM target, 800m east of it; as well as potential extensions down plunge from the Carlow deposit.All three holes at Titan intersected a wide zone of hydrothermal alteration and veining in an ultramafic sequence down dip from a surface gold occurrence.Shares were at C$17.20/share.Great Western Mining Corp announced the staking of a new group of 20 claims at Yellow Peak in the northeastern end of the Little Huntoon Valley.The new claims were staked at Yellow Peak, close to and on-trend with the Huntoon copper project.Significant outcropping phyllic alteration was identified, which is a key indicator of porphyry-style mineralisation.A highly evolved granite phase was identified through fieldwork, previously unrecognised in the region and strengthening evidence for a large-scale magmatic-hydrothermal system. 80 Mile has entered into a binding agreement to sell FinnAust Mining Finland Oy, the company's wholly owned Finnish subsidiary, to Metals One.The SPV holds certain licences comprising the Hammaslahti copper-zinc project and Outokumpu copper project in Finland.Subject to completion of the proposed transaction, Metals One will acquire 100% ownership of both projects. 80 Mile additionally retains a free-carried interest in the industrial gas mineral rights associated with the Licences.The Hammaslahti copper-zinc project is prospective for volcanogenic massive sulphide mineralisation. Hammaslahti was a historical Finnish state-owned mine that produced >10Mt at 1.16% Cu, 1.55% Zn, 0.59gpt Au, and 5.2gpt silver between 1970 and 1986.Shares are at 0.26p/shareBlencowe Resources has signed a non-binding MOU with Apollo Energy Systems regarding the offtake of purified graphite sourced from its Orom-Cross graphite project in Uganda.Apollo is based in Florida, US, and specialises in advanced lead-acid battery storage systems to complement the renewable energy sector. This agreement aligns with Blencowe's strategy to secure a diversified range of international buyers across different applications as it progresses toward production.Shares lifted 4% to 3.59p/share.

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Yellow Peak Finnaust Mining Finland Oy Blencowe Artemis Resources 80 Mile

 

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