EDITION #170
Perth, Western Australia - Thursday June 16, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Novo fast-tracks Pilbara gold feasibility study |
Novo Resources is forging ahead with a feasibility study on the more-lucrative fresh rock gold resource at its Beatons Creek project in the Pilbara after spending the past year mining the shallower oxide resource. The company says it has come to the end of the mineable oxide resource and the mine will move to care and maintenance whilst it awaits government approvals to mine the fresh rock. |
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Strong Pilbara gold shows for Tambourah |
Gold and critical minerals explorer Tambourah Metals has confirmed gold-bearing quartz veins at its Tambourah King prospect in the Pilbara after receiving early assay results from drilling completed in March. Results include one hole going 22m at 2.83 grams per tonne gold from 22m, containing 9m at 6.46 g/t from 35m and 1m at 9.86 g/t from 39m. |
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Ardea heads to the lab after mammoth 210km drilling effort |
Ardea Resources will turn its attention to metallurgical test work as the company looks to convert an eye-watering 210,371 metres of drilling into data for an upcoming DFS for its Kalgoorlie Nickel Project. The explorer says the project hosts the largest nickel-cobalt resource in the developed world, coming in at 830 million tonnes of ore grading 0.71 per cent nickel and 0.046 per cent cobalt. |
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Kaiser locks in more gold in Victoria |
ASX-listed Kaiser Reef has landed more high-grade gold results at its A1 underground gold mine in East Victoria as part of the company’s ongoing diamond drilling program at the site. Its latest batch of holes are aimed at testing deeper lode positions and extensions to its newly discovered Sovereign lode that is currently being mined. |
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Hot Chili looks at fourth Chilean copper discovery |
Follow-up drilling on Hot Chili’s Valentina prospect, only a few kilometres from its three existing copper orebodies, has revealed a significant extension to the deposit with strong visual copper intersections. The discovery could possibly beef up the numbers in the company’s pre-feasibility study on the low altitude, coastal Costa Fuego copper gold project. |
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African gold hits keep coming for Tietto
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West Africa-focused gold miner Tietto Minerals has bagged another rousing set of high‐grade gold hits from infill drilling at its AG Core deposit at the company’s 3.45 million-ounce Abujar gold project in Côte d’Ivoire. The headline result from its 18-hole probe includes a 1.07m section grading a bonanza 168.6 grams per tonne gold that was housed within a larger 8.68m interval going 27.61 g/t gold from 84.3m. |
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Castle works on new graphite JORC resource in Ghana |
Castle Minerals has outlined a major drilling program at its flagship Kambale graphite project in Ghana. It has given the green light to a campaign of 46 RC holes over 4800m, with an additional 500m of diamond core testing some high priority conductivity targets outside its existing inferred resource area. Once the results have been digested, Castle is looking at releasing a JORC 2012 exploration target figure. |
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Maximus sniffs more shallow gold in WA hunt
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ASX-listed Maximus Resources has rolled out a solid set of shallow gold intersections from an over 2000m diamond and RC drill campaign completed at its Hilditch project near Kambalda in Western Australia. The company says the first-pass probe stretched the mineralisation envelope at the operation, boosted target prioritisation and could bring a significant increase in gold resources. |
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Calima looks to more oil production from fresh Canadian wells |
Calima Energy’s drilling and workover program at its Canadian oilfields is hitting its stride with two of the company’s wells likely to be completed this month and two coiled tubing workovers finished and back to producing more than 550 barrels of oil equivalent per day after the sand from the fracking process was cleared from the well bore. |
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Galan confirms pegmatites near Greenbushes lithium mine |
In what is likely to quicken pulses around the ASX floors, Galan Lithium has drawn first blood at its Greenbushes South project in WA, with recent airborne radiometric, magnetic and digital elevation modelling survey data unveiling the first pegmatite lens at the operation. The discovery has the added allure in that it is a mere 15km from the Greenbushes mine, the world’s largest hard-rock lithium deposit. |
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Sihayo expands Indonesian gold target after drill results
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Indonesia-focused explorer Sihayo Gold has followed up its recent high- grade surface samples with strong diamond drilling assays from a 30-hole exploration program that has extended its Sihorbo South target and firmed up the modelling for its maiden mineral resource estimate. Sihorbo South is now shaping up as a satellite operation to the company’s main Sihayo Starter project. |
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Horizon, Richmond seal Qld vanadium demerger |
Explorer Horizon Minerals has completed the restructure and demerger of its 25 per cent interest in the Richmond vanadium project in central north Queensland with joint venture partner Richmond Vanadium Technology. The move comes after the pair’s decision that Richmond will be the dedicated IPO vehicle to drive the 1.8 billion-tonne project into completion. |
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Great Southern sharpens drills for Laverton nickel |
Great Southern Mining is ready to start drill testing at its wholly-owned East Laverton nickel project in Western Australia’s Goldfields region next month. The company has booked a diamond drill rig and reverse-circulation gear for its first drilling program to test the nickel-copper-PGE prospectivity of its Diorite Hill magmatic complex |
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Venus targets lithium in Goldfields drilling campaign |
Venus Metals Corporation has quickly moved onto the second phase of its lithium chasing reverse-circulation drilling campaign at its Henderson project near Menzies in the eastern Goldfields region of WA. The company recently hit returns of 5.8 and 3.6 per cent lithium dioxide at its Emerald SE prospect whilst results from 89 rock samples showed 29 had more than 100 parts-per-million lithium dioxide. |
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