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On March 28, 2022, Australian Goldfields Limited (CSE: AUGF, OTC: GRXXF) announced the closing of a non-brokered private placement, raising CAD$3,956,000 by issuing 39,560,000 units at $0.10 each. Each unit includes a common share and a warrant to purchase additional shares at $0.18 for three years. The funds will be utilized for exploration, project evaluation, and working capital. The company is focused on its projects in the Pilbara Mining District, notably Cuprite East and West, with recent exploration activities ongoing.
Australian Goldfields Limited (CSE: AUGF, OTC: GRXXF) announced an exploration update for the Nortia Project in Pilbara, Western Australia. This project covers 5,510 hectares and is located 30 kilometers from Nullagine. Reconnaissance sampling revealed lithium values ranging from 8.3 ppm to 74.1 ppm, indicating potential in situ pegmatite. Access challenges were noted, and a local contractor will assist in reopening the access routes for further exploration. The region has a notable history of lithium production, bolstered by surrounding discoveries.
Australian Goldfields Limited (CSE: AUGF, OTC: GRXXF) has announced an exploration update for its Nortia Project in Pilbara, Western Australia. Covering 5,510 hectares, the project has shown promising signs of lithium and tantalum mineralization based on historical sampling data. Recent stream sediment samples indicated lithium concentrations from 50 to 148 ppm, and tantalum values reached up to 511 ppm. A LANDSAT program is underway, with potential for detailed mapping and sampling based on current findings. Preliminary satellite inspection suggests numerous pegmatite locations, signaling further exploration opportunities.
Australian Goldfields Limited (OTC: GRXXF) has announced an exploration update for its Cuprite East and Cuprite West Projects in Western Australia. The two projects cover 6,936 hectares and 2,980 hectares, respectively, in an area known for lithium production. A surface sample program has commenced, with 1,246 soil samples collected and sent to ALS Laboratories for analysis. The results are expected this month, which may impact the company's future direction in the competitive lithium market.
Australian Goldfields Limited (formerly Graphite Energy Corp.) announced an exploration update for its Cuprite East and Cuprite West Projects in Western Australia.
The projects span a total of 9,916 hectares in a region known for lithium production.
Initial evaluation will involve a satellite imagery program and ground sampling, targeting the granite-greenstone contact zones.
Further updates are expected later this month, as the company positions itself amid increasing local interest in lithium mining.
Australian Goldfields Limited (OTC:GRXXF) has reported positive assay results from the Beaton's River Project in Western Australia. Recent sampling indicated the presence of gold mineralization with results including 0.20 and 0.02 grams per tonne of gold. The company is conducting an ongoing reconnaissance and mapping program to evaluate 40 identified target areas. Future steps include obtaining larger bulk samples for further analysis. The project spans 335 square kilometers and is located in the historic Pilbara Mining District.
Australian Goldfields Limited (CSE:AUGF, OTC:GRXXF) has initiated exploration at its flagship Beatons River Project in Western Australia. This 335 km² project, located near Novo Resources' operations, aims to assess 45 identified sites for gold sampling. The exploration team is supervised by William Feyerabend, a Qualified Person. Additionally, Nicholas Hoad has been appointed as Country Manager, tasked with coordinating exploration activities and potentially earning one million shares based on project milestones.
Australian Goldfields Limited (OTC: GRXXF) announced the completion of satellite imagery analysis for its Beaton's River claim group in Western Australia. The analysis, conducted by Perry Remote Sensing, reveals a significant presence of Proterozoic age pebble conglomerate, indicating potential for gold and uranium deposits. The updated mapping identifies 45 exploration targets for further investigation, with plans for on-site sampling underway. The technical report is available on the company’s website. Management acknowledges potential risks in the exploration process.