The Conversation (0)
Spartan Resources Limited (Spartan or Company) (ASX:SPR) is pleased to provide an update on exploration activities at its 100%-owned Dalgaranga Gold Project (“DGP”), located in the Murchison region of Western Australia.
Highlights:
- Pepper Gold Prospect – significant new intercepts expand high-grade discovery:
- 14.73m @ 11.42g/t gold from 553.73m down-hole, incl. 4.37m @ 36.80g/t (DGDH070):
- Intercept located approximately midway (~50m north) of the initial “Pepper” discovery hole DGRC1432-DT, which returned 17.52m @ 15.86g/t gold (previously announced)
- 17.67m @ 6.58g/t gold from 561.85m down-hole, incl. 7.53m @ 11.93g/t (DGDH069-W1)
- Intercept located down-dip of the Pepper discovery hole, midway between DGRC1432- DT and DGDH069, which returned 11.28m @ 5.94g/t gold (previously announced)
- Maiden Mineral Resource Estimate to be calculated for the Pepper Gold Prospect as part of the scheduled mid-year resource update for the Dalgaranga Gold Project.
- 14.73m @ 11.42g/t gold from 553.73m down-hole, incl. 4.37m @ 36.80g/t (DGDH070):
Figure 1: Long Section of the Never Never Gold Deposit, Pepper, Four Pillars and West Winds Gold Prospects looking East. New high- grade intercept assays highlighted in yellow callout boxes. Note the proposed exploration drill drive design.
This release contains new assay results from recent surface drilling targeting the high-grade growing Pepper Gold Prospect.
Figure 2: Plan-view of the key gold targets at the Dalgaranga Gold Project. The Pepper Gold Prospect is located between the 0.95Moz Never Never Gold Deposit and the Four Pillars Gold Prospect marking the north end of the former Gilbey’s Open Pit. Drill-hole intercept grades are shown coloured by gold grade and recent drill assays are highlighted in gold callout boxes.
Management Comment
Spartan Managing Director and Chief Executive Officer, Simon Lawson, said: “Our focus on drilling, closing the gaps and achieving significant outcomes in front of our established infrastructure continues to deliver in spades with our ongoing drilling success at the recently discovered Pepper Gold Prospect.
“Pepper is located less than 100m south of the high-grade 0.95Moz Never Never Gold Deposit and we couldn’t be happier to see the rapid emergence of another substantial high-grade body of mineralisation next to our flagship deposit with each new drill result.
“We are very confident that Pepper will become a standalone gold deposit and, to ensure that outcome, we will be completing a maiden Mineral Resource Estimate ("MRE”) for this exciting prospect as part of our foreshadowed mid-year MRE update for Dalgaranga.
“With the gold price continuing to hit new records, this is an exciting time to be making new high-grade gold discoveries. And, on the back of a well-supported capital raise, we are now moving rapidly towards developing the underground infrastructure required to chase and grow this high-grade system.
“With rigs still spinning around the clock, investors can look forward to more exciting drill results in the coming weeks, mid-year MRE update for Dalgaranga, the planned commencement of the underground exploration drill drive in the second half of 2024, and the expected publication of a maiden high-grade Ore Reserve for the Never Never Gold Deposit.
“The Spartan team also continues to progress a Feasibility Study to demonstrate what we believe will be powerful metrics from a growing set of high-grade gold structures and maybe even some more high- grade gold discoveries!”
Click here for the full ASX Release
This article includes content from Spartan Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
SPR:AU
Kobo Resources: Unlocking West Africa’s Untapped Gold Potential
Focused on unlocking West Africa’s untapped mineral potential, Kobo Resources (TSXV:KRI) is advancing its flagship Kossou Gold Project in Côte d’Ivoire. Strategically located next to Perseus Mining’s (TSX:PRU) producing Yaouré Gold Mine, Kossou benefits from access to infrastructure, skilled local labor, and strong logistical advantages.
Kobo’s value proposition rests on a seasoned leadership team and backing from strategic partner Luso Global Mining, part of engineering giant Mota-Engil. Beyond capital, this partnership provides access to world-class mining expertise. With a phased exploration strategy, Kobo is advancing near-term catalysts—including updated technical reports, metallurgical studies, and a 2025 drill campaign aimed at delivering a maiden resource in 2026.
Aerial view of the Kossou gold project in proximity to nearby infrastructure and operators The Kossou Gold Project (KGP) is Kobo Resources’ flagship asset in Côte d’Ivoire, located 40 km from Yamoussoukro and adjacent to Perseus Mining’s producing Yaouré Gold Mine. Covering 110 sq. km within the prolific Birimian greenstone belt, Kossou benefits from excellent infrastructure, logistical advantages, and strong exploration potential in one of West Africa’s fastest-growing mining jurisdictions.
Company Highlights
- Mining-friendly and Underexplored Location – Côte d’Ivoire’s gold production has grown significantly but still trails neighboring countries.
- Prime Location with Infrastructure Advantage – The Kossou Gold Project (KGP) is 40 km from Yamoussoukro and 9.5 km from a major operating gold mine.
- Proven Gold Discoveries with Strike Continuity – 24,471 m drilled at KGP with multiple mineralized zones that remain open along strike and depth.
- Promising Secondary Project – Kotobi gold project offers early-stage exploration upside in a highly prospective greenstone belt.
- Aggressive Growth and Near-term Milestones – +/- 20,000 m 2025 drill program targeting priority zones and advancing toward a potential MRE in 2026 with a strong project pipeline.
- Strong Team and Strategic Backing – Decades of exploration success combined with a strategic partnership with Luso Global Mining (Mota-Engil).
This Kobo Resources profile is part of a paid investor education campaign.*
Click here to connect with Kobo Resources (TSXV:KRI) to receive an Investor Presentation
1911 Gold
Investor Insight
1911 Gold Corporation offers a unique opportunity for investors seeking exposure to high-grade gold assets with near-term production potential, a fully permitted infrastructure, and significant exploration upside in a world-class mining jurisdiction.
Overview
1911 Gold Corporation (TSXV:AUMB,OTCQX:AUMBF) is a junior mining company focused on the exploration and development of gold resources in Manitoba, Canada. The company holds a dominant, 61,647-hectare land position in the Rice Lake greenstone belt in Manitoba, an underexplored western extension of the prolific Red Lake gold district.
The company’s strategy is focused on de-risking the existing underground mine geology, expanding its mineral resource base through exploration, and advancing towards production on an accelerated time line by leveraging the existing infrastructure in place.
Gold remains a resilient safe-haven, with demand fueled by economic uncertainty and geopolitical risk. 1911 Gold is positioned to capitalize on permitted infrastructure, a large land package, defined resources, and near-term production potential.
In July 2025, 1911 Gold closed a C$13.2 million bought-deal LIFE offering, with notable increased investment from renowned resource investor Eric Sprott. Through the financing, Sprott acquired over 9.2 million shares for C$1.86 million, increasing its stake in the company from approximately 16.7 percent to 17.2 percent. His continued backing underscores confidence in 1911 Gold’s assets and growth potential.
1911 Gold’s leadership team brings deep experience across exploration, mine development, corporate finance, and strategic planning. This collective expertise enables the company to navigate complex operational and financial challenges, positioning it as a strong contender in the junior mining sector.
Company Highlights
- Fully Permitted Mill Infrastructure: A 1,300 tpd gold processing plant, expandable to 2,250 tpd, with a replacement value exceeding US$300 million.
- 1.1M oz Gold Resource Open for Growth: Current resources total 1.1 million ounces alongside 2 million ounces of historic production, with strong potential for expansion within the existing mine footprint.
- Prospective Regional Land Package: The company holds 100 percent ownership of 62,000 hectares in a prolific greenstone belt, including three past-producing mines and nearby additional resources.
- Compelling Investment Opportunity: With no royalties or debt, the project offers significant upside, peer-leading value, and strong re-rating potential from near-term catalysts.
- Leadership: Seasoned management and board with a proven track record of advancing mining projects.
Key Projects
True North Project
The True North project is 1911 Gold's flagship asset, located in the Rice Lake greenstone belt of southeastern Manitoba, approximately 150 km northeast of Winnipeg. This historically significant mine has produced over 2 million ounces (Moz) of gold and continues to offer substantial exploration upside.
The current mineral resource estimate for True North includes:
- Indicated Resources: 3.52 million tonnes (Mt) at 4.41 grams per ton (g/t) gold, containing 499,000 ounces.
- Inferred Resources: 5.49 Mt at 3.65 g/t gold, containing 644,000 ounces.
These resources remain open for expansion, with multiple high-priority exploration targets identified near existing underground workings.
Geology and Mineralization
The True North deposit is characterized by high-grade, structurally controlled gold mineralization hosted within the Archean Rice Lake greenstone belt. Gold occurs within quartz-carbonate vein systems associated with major regional structures and secondary shear zones. The mineralization extends to significant depths, providing long-term exploration potential.
History
Gold was first discovered at True North in 1911, leading to decades of intermittent mining under various operators. The mine has undergone multiple phases of development, with extensive underground infrastructure, including a shaft extending to a depth of over 1,200 meters. Previous owners, including San Gold Corporation and Klondex Mines, operated the mine until 2017, after which it was acquired by 1911 Gold in mid-2018.
Infrastructure and Geographic Advantages
- A fully permitted 1,300-ton-per-day (tpd) mill, which can be expanded to 2,250 tpd
- A permitted tailings management facility, reducing environmental and permitting risks
- Year-round road access throughout the property with proximity to hydroelectric power
- A 200-person camp and operational support facilities for efficient workforce deployment
Exploration and Development Plans
1911 Gold is focused on expanding the True North resource through an aggressive exploration program. The company has completed 62 surface drill holes (60 to target depth) totaling 14,974.4 metres within the True North Mine footprint. The program, which began in October 2024, is focused on new targets in prospective host rocks and mineralized structural settings, supported by significant historical results. Two rigs are currently drilling at the SAM SE and San Antonio West (SAM W) zones to test depth extensions of mineralization. Planning is also underway for underground exploration drilling, expected to commence by the end of Q3 2025.
The company will leverage True North’s existing infrastructure to restart mining operations efficiently while continuing to explore the vast untapped potential of the surrounding district.
Regional Exploration Projects
In addition to the True North mine, 1911 Gold controls a large-scale land package within the Rice Lake greenstone belt. The company has identified multiple high-potential targets within this district, including:
- Ogama-Rockland: A past-producing high-grade deposit with significant exploration upside
- Central Manitoba: An area with historical production featuring multiple high-grade vein structures with strong exploration potential
- Gunnar: A historic mine representing an additional potential source of mill feed.
The company aims to leverage its central milling facility as part of a "hub-and-spoke" development model, bringing additional satellite deposits into production.
Management Team
Shaun Heinrichs - President and CEO
With over 20 years of experience in corporate finance, strategic planning, and capital markets, Shaun Heinrichs has held key leadership roles in the mining sector. Before joining 1911 Gold, he served as CFO on various companies, including Group Eleven Resources and Veris Gold, which owned the Jerritt Canyon operation, where he played a pivotal role in corporate development and mergers and acquisitions.
Carmen Amezquita - Chief Financial Officer
A finance professional with over a decade of experience in the resource sector, Carmen has extensive expertise in financial reporting, capital management, and corporate governance for both exploration-stage and producing mining companies.
Michele Della Libera - Vice-president, Exploration
A geologist with over 30 years of experience in mineral exploration, Michele has worked extensively on gold and base metal projects across Canada and internationally and has been closely involved in the development of several mines through to production. He oversees 1911 Gold’s exploration programs, with a focus on expanding the company’s resource base and identifying new discoveries.
Gary O’Connor - Executive Chair
A veteran mining executive with decades of experience in project development and exploration, Gary has held leadership positions at major mining companies, guiding strategic growth initiatives.
Mike Hoffman - Director
A professional engineer with extensive experience in mine development, operations, and corporate strategy. He has played key roles in advancing multiple mining projects from early-stage exploration to production.
Blair Schultz - Director
A finance and investment specialist with a background in institutional asset management and corporate governance. Blair has been instrumental in providing financial oversight and strategic direction for mining companies.
Anna Ladd-Kruger - Director
A highly regarded financial executive in the mining industry, Anna has held senior leadership roles in several resource companies, focusing on financial strategy and corporate growth.
Éric Vinet - Advisor
An expert in mining operations and project development, Éric provides strategic insights on optimizing production, cost management, and operational efficiencies.