Unico Silver (ASX:USL) has mobilised a second diamond drill rig to its wholly owned Joaquin Project in Santa Cruz, Argentina after first assays demonstrated the resource growth potential. Phase one of the program consisted of 2,712m of reverse circulation drilling across 20 holes. A second drill rig will test the area for deeper extensions, supporting […]
Unico Silver (ASX:USL) says the final results from phase-two diamond drilling at its Cerro Leon Project in Argentina confirm “multiple new discoveries”. The 9,143m drilled across 63 holes yielded the Savary, Kasia, MS Link and Silvia discoveries. The Savary prospect returned a hit of 30m @ 293 grams per tonne silver equivalent from 92.6m, Kasia […]
American Salars Lithium (CSE:USLI) has signed a letter of intent with an arm’s-length vendor to acquire the Cauchari Minas Ines 01 lithium salar project, located on the south end of the Cauchari Salt Lake in the province of Salta, Argentina. The Cauchari Ines 01 claims cover an area of 1,235 hectares, contain concentrations of lithium, […]
Unico Silver (ASX:USL) has confirmed the presence of a high-grade mineralised shoot at its Cerro Leon project, with new drill results revealing grades as high as 2,400 grams per tonne silver-equivalent over a four-metre interval. The phase two program which began in January includes the discovery at the Archen prospect extending “high-grade” mineralisation a further […]
Pursuit Minerals (ASX:PUR) has begun lithium carbonate production, using synthetic evaporated brine, at the pilot plant within the Rio Grande Sur Lithium Project in Salta, Argentina. The first phase of production will focus on refining processing efficiencies and optimising lithium recovery. The initial output will include technical-grade lithium carbonate, with further advancements targeted toward achieving […]
Mining giant BHP (ASX:BHP) is forming a 50:50 joint venture with Lundin Mining (TSX:LUN) after acquiring Filo Corp (TSX:FIL), which owns the Filo del Sol Copper Project in Argentina. On 26 September 2024, Filo Corp shareholders’ approved the acquisition, which was C$4 billion ($4.47 billion) excluding the Filo shares already held by Lundin Mining and […]
Challenger Gold (ASX:CEL) and gold producer Austral Gold (ASX:AGD) have entered into a toll treatment agreement. Under this agreement, Austral subsidiary Casposo Argentina Mining will process mineralised material from Challenger’s Hualilan project at Casposo’s Plant, in San Juan, Argentina. Casposo has also committed to use its best commercial efforts, directly or through third parties, to […]
Challenger Gold (ASX:CEL) has secured US$7 million ($11.2 million) in financing to refurbish the Casposo plant for toll milling material from the Hualilan Project in Argentina. The funding was secured by Austral Gold’s (ASX:AGD) subsidiary Casposo Argentina Mining, through a US$7 million secured loan from Banco San Juan. Challenger Gold, which has a market capitalisation […]