Perth, Western Australia - Monday January 24, 2022
Image Resources secures Eneabba mineral sands deal
ASX-listed Image Resources has wrapped up most of the acreage in its deal to bolt a sought-after package of tenements into its Mid West WA minerals sands business. The deal adds further expansion opportunities to the company’s development plans for its Atlas and Bidaminna deposits. Under the agreement, Image is paying $24 million out of cash reserves to add more than 230 per cent to its total mineral resources.
Surefire strikes WA gold at Yidby Road
Surefire Resources could be gearing up for a busy year after drilling at the Yidby Road gold project scooped up a legion of wide gold hits. The best results included a 13 metre intersection running 1.33 grams per tonne gold from 234m including a 2m section grading 3.88 g/t gold from the same depth. The project lies adjacent to the over one million-ounce Minjar gold project in WA.
Strickland strikes gold again at Yandal in WA
ASX-listed explorer Strickland Metals has intersected a flurry of gold hits at its Dusk til Dawn prospect in WA that extends mineralisation down-dip following a series of successful strikes at the same prospect late last year. A remodelling of the current 108,900 gold ounce resource is now underway at the prospect where the company believes it will add substantial gold ounces to the resource base.
New nickel targets boost St George at Mt Alexander
WA-based explorer St George Mining has announced new high-grade targets at its flagship Mt Alexander project after a seismic survey turned up large intrusion structures prospective for nickel sulphide. The company says the area has the potential to host significant volumes of mineralisation and has taken no time to fire up the rig with drilling already underway on the first of five fresh targets.
Torian extends WA system with more gold hits
Torian Resources has clocked up a string of shallow gold intercepts adding to a burgeoning arsenal of strikes at its flagship Mt Stirling project, some 40 kilometres north-west of Leonora in WA. The latest set of results include a 24 metre intersection grading 2.02 grams per tonne gold from 10m downhole with an internal 3m section going 7.09 g/t gold from 17m.
Pilbara lithium targets widen Castle mineral hunt
ASX-listed explorer Castle Minerals has four new locations to follow up after a recently completed infill soil sampling program at its Beasley Creek project on the northern flanks of the Rocklea Dome granite intrusion in Western Australia’s Pilbara. The company has been targeting under-explored, older Archean greenstone rock sequences in its hunt for gold mineralisation but has unexpectedly found drillable lithium targets.
Kalamazoo receives flurry of high-grade WA gold hits
Kalamazoo Resources has received a stampede of thick gold intercepts from across its 100 per cent owned flagship Ashburton gold project where it has identified two additional thick lodes that remain open down plunge. Exceptional results from the two new mineralised structures include 6 metres grading 2.84 grams per tonne gold from 136m downhole, 10m going 2.26 g.t gold from 123m and 5m that gave up 3.62 g/t gold from 100m.
Estrella to cash in Spargoville nickel rights
Nickel explorer Estrella Resources has decided to sell its nickel rights over its Spargoville project located approximately 25km west of Kambalda in WA. After receiving several unsolicited offers the company has engaged Geolithic Geological Services to handle the sale process and it is now planning to concentrate its exploration efforts on the company’s flagship Carr Boyd nickel project.
Godolphin goes after historic Gundagai gold
Godolphin Resources is punching 700m of diamond drilling into its 100 per cent owned Gundagai South gold project in NSW where it is targeting sheeted quartz veins and porphyry dykes at its Surprise Hill North and Big Ben prospects. The company is restarting operations at the Gundagai North and Gundagai South projects after unseasonable adverse weather events across NSW called a halt to exploration in late 2021. 
More high-grade gold for Torque at Paris
Torque Metals has kept the shallow high-grade gold hits coming at its Observation discovery, one of four key prospects at its flagship Paris project near Kalgoorlie. Latest results include 6 metres grading 9.86 g/t gold from 57m, 6m going 8.45 g/t from 51m and 3m at 9.87 g/t gold from 72m. Deeper drilling below 100m is now planned and the company is also awaiting follow-up results for the Paris, HHH and Strauss prospects.
Riedel racks up further shallow US gold and silver hits
US based Riedel Resources has received a spate of shallow high-grade gold and silver hits that it says confirm and strengthen the existing broad zone of mineralisation across its lucrative Tintic prospect in Arizona. Standout results include 3.8 metres grading a formidable 11.64 grams per tonne gold from 30.5m downhole, 4.6m going 12.43 g/t gold from 45m and 6.9m at 2.84 g/t gold and 82 g/t silver from 18.3m.
Tietto rings the till again in West Africa
Tietto Minerals has pumped out another set of pulse quickening high-grade gold drill hits at its Abujar project in Côte d’Ivoire. The company’s latest probe of its West African ground saw it strike a 1 metre section going 152.26 grams per tonne gold from 37 metres within a 10m section grading 16.53 g/t gold at its AG Core deposit. The project already boasts over three million ounces of gold.
Altech picks up land for HPA battery plant
ASX-listed Altech Chemicals is pressing ahead with its development of a high-purity alumina coating plant for lithium batteries in the German state of Saxony after its 75 per cent owned subsidiary, Altech Industries Germany, exercised an option to purchase a 14-hectare industrial site. The company says its newly acquired ground is an ideal location for the 10,000 tonne per annum HPA plant.
Venus, Rox supercharge WA Youanmi gold resource
ASX-listed Venus Metals and joint venture partner Rox Resources have tabled a whopping 1.34 million ounce resource upgrade taking their total Youanmi gold resource in WA to the magical 3 million ounce mark. The resource upgrade equates to a significant 156 per cent increase following a seven month period of intensive infill and extensional diamond drilling for approximately 35,000 metres at the Youanmi Deeps deposit.
BMG follows up spectacular gold hits near Wiluna
BMG Resources is wasting little time following up on some prior spectacular gold hits at its Abercromby project near Wiluna with a dual exploration play at the site now in full swing. The program will see the explorer recommence diamond drilling at its high-grade Capital prospect and probe a series of nearby structural targets using an aircore rig.
Hot Chili moves to secure Chilean port access
ASX-listed copper developer Hot Chili has entered into negotiations for a port access and services deal at the Chilean port of Huasco. The company said it has begun the process of securing the final critical item of infrastructure for the development of its massive Costa Fuego copper project, one of the world’s largest copper discoveries.
Aruma intersects thick gold mineralisation in maiden drilling
Aruma Resources has racked up an intriguingly wide, shallow, albeit low grade gold intercept during first pass greenfields drilling at its Salmon Gums gold project approximately 200km south of Kalgoorlie in WA. The new target gave up 38 metres at 0.12 g/t gold from 23m downhole in a sparsely explored area just 30 kilometres along strike and in the same stratigraphy as Pantoro Limited’s high grade Scotia gold project.
Technology Metals doubles down on vanadium feasibility study
WA-based Technology Metals Australia has extended an agreed Memoranda of Understanding with Japan’s LE System, a leading vanadium battery company. The agreement will see the duo launch a feasibility study into the development of Australia’s first fully integrated vanadium electrolyte plant, a material used in industrial scale electric batteries. The proposed plant will aim to utilise vanadium from the company’s Murchison Technology Metals project near Meekatharra.
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