Perth, Western Australia - Monday March 28, 2022 |
Alto supercharges WA gold resource by 92 per cent
|
Alto Metals has posted a staggering 92 per cent mineral resource estimate increase to 12.4 million tonnes at 1.6 grams per tonne gold for a total 635,000 ounces at its flagship Sandstone gold project in WA. Importantly the company says that 90 per cent of the total ounces lie within the top 160m with shallow, high-grade mineralisation still open along strike and at depth. |
|
|
Panther pounces on high grade WA nickel-cobalt |
Minerals explorer Panther Metals has hit a new high from drilling at its Coglia project in the Laverton region of WA with initial assays delivering the best nickel and cobalt grades to date at the venture. The headline results were a 1 metre intercept going 3.77 per cent nickel from 74m in one hole and another 1m section at 3160 parts per million cobalt from 49m in another. |
|
|
Image board sees off Chinese backed spill motion in close win |
In a win for minor shareholders of successful mineral sands producer Image Resources, Board members have seen off an attempt by large Chinese backed activist shareholder Murray Zircon Pty Ltd to dispense with directors who delivered almost $20 million profit for the company last year. Ninety-six per cent of voting shareholders voted against six spill motions albeit the vote was close given Murray Zircon’s substantial holding. |
|
|
Shallow golden ore body sees daylight for Classic
|
The shallow, gold orebody at Classic Minerals’ flagship Kat Gap project has been revealed for the first time. The gold explorer says the ground-breaking exposure is only 7m below the surface and comes from a shallow hole in the floor of the bulk sample mining pit. The company plans to remove the remaining overburden after a three-kilogram sample was crushed and panned yielding fine visible gold. |
|
|
Austrians throw ADX $3m in Covid support
|
Austrian-focused oil and gas producer ADX Energy has been given almost $3 million in Covid-related business grants by the Austrian Government and low-cost loans from regional banks to subsidise business costs incurred during the pandemic-driven slowdown. The company said the funding covers from March 2020 to February 2021, in recognition of the importance of its conventional and renewable energy projects. |
|
|
Horizon PFS shows healthy numbers for QLD vanadium play
|
Horizon Minerals has updated its open pit ore reserve figures at the company’s Lilyvale vanadium deposit in Queensland to a solid 560 million tonnes grading 0.48 per cent vanadium at a 0.3 per cent cut-off. A bankable feasibility study has also progressed through offtake and alliance discussions with battery and electrolyte manufacturers, onshore refining assessments and project approvals for advancement to major project status. |
|
|
88 Energy strikes oil at depth ahead of logging
|
88 Energy has struck oil after successfully reaching total depth in the Merlin-2 appraisal well in Alaska and is now waiting on wireline logging results to confirm whether oil will actually flow to surface from the target Nanushuk Formations. The company said it would take between seven and ten days to complete logging the 100 per cent owned well. |
|
|
Diamond drills ready to roll for Godolphin in NSW
|
Godolphin Resources is poised to sink two diamond drill holes totalling 900m at its Yeoval and Cyclops prospects in NSW. The company says the holes are part of an initial probe aimed at testing the extent of the project's existing mineral resource estimate of 12.8 million tonnes at 0.38 per cent copper, 0.14 grams per tonne gold, 2.2 g/t silver and 1200 parts per million molybdenum. |
|
|
Maximus onto shallow WA nickel-copper-cobalt
|
Junior nickel and gold explorer Maximus Resources has completed a 16-hole drill program that intersected several sulphide intervals and zones of fuchsite alteration with XRF analysis confirming anomalous nickel concentrations at its Hilditch West project 20km from Kambalda. Assays are still pending from the follow-up RC and diamond drilling campaign that extended a previous discovery drill program. |
|
|
High-grade gold and a side of silver for Sihayo |
Indonesia-focused gold explorer, Sihayo Gold has produced some eye-catching drilling results including a standout strike that returned 2.1 metres going 74 grams per tonne gold and 119 g/t silver from 112.8m downhole in North Sumatra. The results come from a southern target outside the company’s existing mineral resource and Sihayo aims to incorporate the high-grade mineralisation into its Starter project. |
|
|
Cyclone picks up NZ gold and base metal portfolio
|
Cyclone Metals has added a diversified portfolio of gold, copper, nickel and PGE assets in New Zealand to its stable after completing the acquisition of Grand Port Resources and its wholly owned subsidiaries Midway Resources Limited and Nimitz Resources. Under the terms of the agreement, Cyclone will grant Grand Port 900 million shares and the right to nominate one board member to join Cyclone's Board. |
|
|
Auroch sharpens zinc hunt with IP survey and diamond drill
|
ASX-listed explorer Auroch Minerals is planning a drilling campaign to follow up on a number of targets it has identified at its Ragless Range zinc play at the Arden Project in South Australia. The company has just completed two initial diamond drill holes and radial induced polarisation surveys that have modelled prospective zinc mineralisation. |
|
|
Galan onto WA lithium near Greenbushes mine |
Galan Lithium could be closing in on the key battery metal at its Greenbushes South project in WA after recent exploration work at the venture highlighted anomalous pathfinder mineralisation in soil samples and rock chips. According to the company, the samples show the trace elements could support pegmatites similar to those found in the nearby Greenbushes mine, the world’s largest hard rock lithium deposit. |
|
|
Aurumin enters WA lithium race with Mt Palmer project
|
Soil sampling has given Aurumin Limited the belief it could have lithium in its Mt Palmer project, that straddles Western Australia’s town of Southern Cross. Analysis of elements associated with the battery metal lit up multiple targets, including some coincident with historical pegmatite intercepts of up to 50m that had previously only been tested for gold. |
|
|
Aurum wraps up drilling campaign at Penny South project |
Aurum Resources has submitted its samples for assay from a maiden 18-hole drill program at its Penny South gold project located on the same interpreted structure as the Ramelius Resources owned Penny West and Penny North deposits in Sandstone, Western Australia. The company has opted for the fast-track photon assay process that cuts turnaround times from 6-12 weeks to just 2. |
|
|
Brightstar cashed up ahead of WA gold drill blitz |
Brightstar Resources has amassed a solid drill budget following an oversubscribed capital raising in March that it plans to put to good use in a 10,000m RC and diamond blitz at its flagship Cork Tree Well gold project near Laverton in WA. The company plans to target extensions to known mineralisation to grow its resource base in addition to investigating the prospectivity of other early-stage targets nearby. |
|
|
Is your ASX-listed public company doing something interesting?
|
Follow Bulls N’ Bears on social media |
If you would prefer not to receive newsletter emails from The West Australian, you can update your preferences or unsubscribe below. |
|
|
|
|
