en.Wedoany.com Reported - Resource Mining International Ltd is advancing its multiple exploration projects located in Saudi Arabia and Tanzania. Geophysical surveys have identified new drilling targets, and subsequent fieldwork has commenced. The company plans to conduct drill testing of priority targets in the third quarter.
At the Shaib Marqan Gold Project in Saudi Arabia, RMI has completed a high-resolution magnetic survey covering an area of 91.88 square kilometers, identifying eight structural features and delineating four priority gold targets. These targets show a strong correlation with earlier high-grade surface sampling (with gold grades up to 40.35 g/t). Follow-up work will include 1:10,000 geological mapping and rock chip sampling, with up to 5,000 meters of reconnaissance drilling expected to commence in the June quarter.
At the Wadi Salamah project, also in Saudi Arabia, magnetic survey processing results indicate the presence of six faults and two large magnetic anomalies in the northern area, potentially representing copper-molybdenum mineralized intrusions. The company plans to implement 5,000 meters of diamond and reverse circulation drilling to test the extension of surface gold mineralization and the copper-molybdenum targets.
In Tanzania, the Mpanda project, in which RMI holds a 75% interest, has completed a drone magnetic survey covering the Kabungu, Ibindi, and Kabatini prospects, collecting 914 line-kilometers of high-resolution data to refine copper-gold targets. The survey confirmed the structural setting, including shear zones and fault intersections. Field verification has begun, with 6,000-10,000 meters of aircore and RC drilling planned for the September quarter.
Additionally, shallow drilling at the company's Köyhäjoki lithium exploration permit area in Finland was suspended due to weather, with plans to resume in the June quarter, totaling 720 meters across 123 holes. Exploration expenditure for the quarter was approximately A$399,000, with cash holdings of A$212,000 as of the end of March and an additional A$5 million in undrawn financing facilities.
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