Weekly Nugget

A new use for Pyrite and the latest drilling results

Check out our upcoming Monthly mining roundup and the latest news from around the mining industry!


🔥  What's New 

April Monthly Mining Roundup With Alex Michshenko On April 30th at 12:00pm EST

Join us for this month's "lunch and learn" style roundup, where we'll be digging into all things Uranium with Alex, the Founder and CEO of Trident Maor, LLC, a consulting firm that specializes in nuclear security and national energy policy.

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April Monthly Mining Roundup

🎧 On The Rocks

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📰 In The News

More Than Just Fool’s Gold: Scientists Uncover Hidden Treasure In Pyrite

Researchers at West Virginia University are exploring unconventional sources like industrial operations for lithium extraction. They found promising levels of lithium in shale samples from the Appalachian basin, particularly in pyrite minerals, hinting at a potentially sustainable lithium source that avoids new mining. This research could pave the way for more environmentally friendly lithium extraction methods, discussed by Shailee Bhattacharya at the European Geosciences Union (EGU) General Assembly 2024.

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Positive Measures For Mining In Budget 2024 And A Potential Blow To Mineral Exploration

The Canadian government's Budget 2024 introduces measures that impact the mining and mineral exploration sector, building on previous commitments. Key provisions include extending the Clean Technology Manufacturing Investment Tax Credit (CTM-ITC) to critical minerals production, setting targets for federal Impact Assessment and permitting processes, and providing $5 billion in loan guarantees for Indigenous communities. While the extension of the Mineral Exploration Tax Credit (METC) is confirmed, changes to capital gains may undermine its value, potentially affecting mineral exploration financing. 

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Rio Turns To Mars Exploration Tech In Search For Next Big Discovery

Rio Tinto is leveraging technology originally used in Mars exploration, known as laser-induced breakdown spectroscopy (LIBS), to accelerate its quest for new copper and lithium mines. The adoption of LIBS eliminates the need for extensive manual data collection, providing rapid analysis of rock mineralogy and chemistry within 60 minutes of scanning. This technology revolutionizes exploration efforts, offering faster and more accurate results, and Rio Tinto plans to deploy it globally to enhance its mineral discovery capabilities.

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CSIS Launches Project On Critical Minerals Security

The Center for Strategic and International Studies (CSIS) has launched the Project on Critical Minerals Security to address the urgent need for resilient minerals supply chains in the United States. Led by Dr. Gracelin Baskaran, the project aims to enhance economic and national security by expanding production, processing, and recycling capacities for critical minerals. With a focus on market-led efforts and global collaboration, the project will develop policy proposals and engage stakeholders from various sectors to ensure minerals security for the U.S. and its allies. Dr. Baskaran's expertise and leadership position the project to navigate the complexities of mining and contribute to innovative solutions for critical minerals security.

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UAE Giant Eyes Majority Stake In Vedanta's Zambian Mines In Expansion Drive

Abu Dhabi's International Resources Holding (IRH), a mining investment arm, has offered over $1 billion to acquire a 51% stake in Vedanta Resources' Zambian copper assets, part of its strategy to expand its presence in the African copper mining sector. IRH aims to bolster its copper mining business in Zambia after acquiring a majority stake in Mopani Copper Mines for $1.1 billion. The move aligns with efforts by oil-rich United Arab Emirates (UAE) and Saudi Arabia to secure critical metal supplies from Africa amid the transition to green energy. Talks between IRH and Vedanta are ongoing, with Vedanta seeking to raise capital to revive its assets, including the Konkola Deep Mining Project, following legal disputes with the Zambian government.

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⚒️ Latest Drilling Updates

We've consolidated the latest drilling results from various projects across the globe, leveraging comprehensive data from public filings. Our focus remains on bringing you the most recent developments in mineral exploration and drilling endeavors, categorized by location and project stage.

Here's the recap:


Robinsons River Salt Project by Vortex Energy Corp.

  • Located in Newfoundland & Labrador
  • Planning phase for drillhole three completed; mobilization and drilling set for April 2024
  • Objective: Confirm depth of the salt structure and gather core samples for analysis

More Details


Empire State Mine by Titan Mining Corporation

  • Located in upstate New York
  • Completed 21 core holes, totaling 7,357 feet
  • Highlight intercept: 173.5 feet at 3.8% graphitic carbon

More Details


Prospect Mountain Property by North Peak Resources Ltd.

  • Focus on the northern and eastern parts with historical gold mining activity
  • Plans to conduct up to 15,000 feet of R/C drilling
  • Highlight from the Wabash area: 0.24 oz/t over 80 ft

More Details


Gaban Gold Project by Winshear Gold Corp.

  • Located in the Puno region
  • First-ever drilling programme at the Coritiri Target planned to start in Q3 2024
  • Leadership change with Mr. Patricio Varas appointed as President

More Details

Disclosure: This summary has been prepared by Prospector using AI technology and is based on drilling results that were disclosed within public filings released since 9:00 AM EST on April 9, 2024. The information presented is intended for general informational purposes and should not be considered as investment advice. Prospector does not guarantee the accuracy or completeness of the data provided. Investors are advised to conduct their own due diligence before making any investment decisions.

Want more insights or analysis on mining projects? Respond to this email, and we’ll use our AI platform to summarize everything for you.

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❓Prospector Poll

As #MiningFuturists here at Prospector we are always looking forward. In the next 10 years, what underrated commodity do you think will be considered “Critical” across the globe?

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Last Week's Results

Have you bought gold bars from Costco yet? 🥇

Beautiful.ai - Prospector Nugget Poll Results - Slide 4 


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