• TechGen Metals has added to its copper-gold portfolio with ‘Blue Devil’ in WA
  • Castillo is also on the rise thanks to news regarding its Queensland red metal hunt
  • Antipa also up on copper-gold action, while FAU and RCR are back for yet more gains

Here are some of the biggest resources winners in early trade, Tuesday May 14.

 

TechGen Metals (ASX:TG1)

Gold and copper hunting junior TechGen is double digits to the good this morning after revealing it’s bagged itself a new project to add to its collection, complementing another recent addition in Copper Springs.

Dubbed Blue Devil, TG1’s newest project is about 45km northeast of Halls Creek in WA and is a highly prospective copper-gold exploration operation that boasts previous rock chip peak values of 50.5% copper, along with 6.9g/t and 53g/t gold.

The company notes that 15 of 34 previous rock chip samples at the site recorded above 1% copper with a peak of 50.5%.

The site has limited previous drilling and as yet no geophysics or drill testing of high-grade copper-gold occurrences.

TechGen’s MD, Ashley Hood, noted that the company’s new assets “boast exceptional quality, evident in the style of mineralisation targets, geology and quality of previous work”.

Source: TG1

 

TG1 share price

 

Castillo Copper (ASX:CCZ)

Castillo is hunting the red metal through projects across Australia (Queensland and NSW) and in Zambia, Africa.

Amid the copper commodity pricing surges of late, the company, of course, plans to take full advantage of favourable market conditions. And, at the time of writing, it appears to be doing exactly that, with a 40% bourse burst upwards.

Today, it’s announced that “plans are underway” to develop the Big One deposit, part of Castillo’s NWQ project in Queensland.

Once approvals are secured, CCZ’s geology team will also undertake soil and rock chip sampling at an area north of the known orebody where there is a sizeable, untested, bedrock conductor.

“The presence of malachite, azurite, and cuprite on the surface above potential targets, adjacent tenement holdings owned by majors, and the relative proximity to established and historic mine sites underpin the Big One deposit’s exploration potential,” chief geologist Joel Logan says.

The Big One Deposit has a JORC 2012 compliant Mineral Resource Estimate (MRE) of 2.1Mt at 1.1% Cu for 21,886t contained metal.

CCZ share price

 

Rincon Resources (ASX:RCR)

This one’s on the rise again after dramatically peaking and selling off about a week or so ago.

The critical metals (REEs, niobium, copper, gold) junior is up about 20% today at time of key tapping, and more than 300% so far this year.

Today’s news then – the company has revealed that a Heritage clearance survey over its high-priority ‘Avalon’ Nb-REE/IOCG target has now been completed.

The survey encompassed the Avalon, Sheoak, K1 and K2 target areas, with 32 drilling traverses surveyed, allowing Rincon to fast-track additional drilling programs in the event of early success.

These targets are located at the company’s wider West Arunta project area. The final survey report is expected in four to five weeks, and if all goes according to plan drilling will happen some time just beyond that.

Last week, Rincon announced that it was successful in its application under Round 29 of the Western Australian Government’s Exploration Incentive Scheme (EIS) for a co-funding grant of up to $180,000.

That grant is for the company’s RC drilling program in the West Arunta, and will go towards the testing of the new targets mentioned above.

Avalon, in particular, is a significant gravity anomaly that the company says has high potential to represent a carbonatite Nb-REE or an IOCG mineral target and is similar to the gravity anomaly defining WA1 Resources’ (ASX:WA1) Luni carbonatite.

RCR share price

 

First Au (ASX:FAU)

Junior gold explorer First Au has made a solid gain today (about 75% at time of writing) amid high trading volume.

Something’s going on – investors might know, but here’s what we know. It’s a management/boardroom shuffle situation. Why that’s got investors frothing, though, is as yet not entirely clear.

The company has announced the resignation of its current CEO and MD Ryan Skeen, which will take effect at the conclusion of FAU’s AGM on Thursday this week.

There’s no public info just yet of his successor.

Otherwise, the goldie has been in the news a bit lately for other reasons, including the gain of a new exploration lease in Victoria that includes the historical King Cassilis mine.

According to records, that’s a mine that’s produced more than 3,000 ounces of gold at a grade of 14.4g/t.

FAU share price

 

Antipa Minerals (ASX:AZY)

Another gold ‘n’ copper-hunting junior making sweet gains today, Antipa’s assay results for the first six GEO-01 RC holes at its 100%-owned Minyari Dome gold-copper project in WA have returned some solid results.

It’s talking thick zones of near surface, potentially open pittable, high-grade gold mineralisation.

Intersections include: 66m at 1.4g/t gold and 0.04% copper, and 26m at 1.3g/t gold from 37m down hole.

Antipa’s MD Roger Mason put things into further context:

“Our Phase 1 CY2024 drill programme is off to a great start, with fantastic initial results returned from the first six holes of resource delineation drilling at GEO-01.

“Grades of up to one metre at 28.9 g/t gold have been returned, with multiple intersections of near surface high-grade mineralisation. Importantly, these results show an increase in the thickness of the main zone of mineralisation.

“With GEO-01 open in most directions, it continues to shape up as a substantial shallow, maiden resource opportunity.”

The next batch of results from the RC holes are due in coming weeks.

AZY share price

 

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