EDITION #175
Perth, Western Australia - Thursday July 07, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Bonanza gold hit for PolarX in maiden Nevada campaign |
Junior explorer PolarX has hit a 9.1m intersection running a stellar 124 g/t gold from a shallow 27.4m in its maiden RC drilling campaign at the company’s Humboldt Range project in Nevada. The stellar intersection contained an exceptionally high-grade zone of 3m at 371 g/t gold and 143.5 g/t silver with the same hole going on to deliver another 73.2m going 0.28 g/t gold and ending in mineralisation. |
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Toro scores third massive sulphides hit at WA nickel project |
Toro Energy has recorded its third discovery of massive and semi-massive nickel sulphides at its Dusty nickel project in WA, taking the prospective strike length at the site to at least 7.5km. The latest discovery, named Jumping Jack, was from a 3.4m intersection from 240.3m including a 1.4m- thick lens of massive nickel sulphides. The Dusty project falls within Toro’s wholly owned Yandal gold project in WA’s north-eastern Goldfields. |
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High-grade gold hits add more lustre to Kaiser in Victoria |
WA-based gold miner Kaiser Reef has added to its list of promising grades returned from the company’s A1 mine in Victoria, with the latest diamond drill results indicating all holes intercepted the recently discovered Sovereign high-grade reef. Highlights include 0.8m at 157.6 g/t gold from 3.4m depth, 0.5m going 154.3 g/t gold from 108.8m, and 1.9m grading 17.45 g/t from 4.1m. |
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Altech inks German deal to fast-track battery tests |
Altech Chemicals has executed a framework agreement with Fraunhofer IKTS to accelerate the testing and qualification process for its battery-boosting Silumina Anodes product. The company is looking to lather the silicone and graphite-infused substance over lithium-ion batteries to deliver battery anodes with a 30 per cent higher retention capacity over non-coated items. |
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Antilles sets target range for Cuba gold-copper deposit |
Antilles Gold, on the hunt for opportunities in Cuba, has established an exploration target range for its El Pilar gold-copper deposit on the Caribbean island. The range is for between 2 to 3 million tonnes, returning gold of between 1.51 and 2.31 g/t for 96,900 to 224,900 oz, and copper grades of between 0.53 and 0.81 per cent for 23.26 to 53.98 million pounds. |
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Tests beef up SA copper potential for Coda |
Coda Minerals has received encouraging metallurgical test results showing exceptional recoveries above 99 per cent from a concentrate sample taken at its Emmie Bluff copper-cobalt deposit in South Australia. The company says the results show the potential for lower-cost on-site production of high-value goods from Coda’s Elizabeth Creek copper project, including the Emmie deposit, that can be sold into the electric vehicle and battery markets. |
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Estrella spies semi-massive sulphides in copper-nickel deposit |
Estrella Resources has recorded a 17m intersection of semi-massive to disseminated nickel-copper sulphides at its Broonhill deposit, part of the company’s Carr Boyd nickel-copper project near Kalgoorlie, in WA. The company says results show Broonhill remains open along strike, is increasing in scale and a separate deposit to the T5 mineralisation 1.5km to the south. |
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Orange Minerals, Godolphin kick off new NSW gold probe |
Godolphin Resources’ JV partner, Orange Minerals is poised to fire up the diamond drill rig for 1200m of exploration at its Calarie gold project in the Lachlan Fold Belt of NSW after finalising plans for a phase 2 probe. The campaign follows a December RC campaign that delivered a suite of “outstanding” intercepts, including 1m at 48.77 grams per tonne gold from 42m. |
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New gold process method bodes well for Sihayo in Sumatra |
Metallurgical testing using a high-pH caustic pre-treating process on Sihayo Gold’s starter project in North Sumatra has the explorer pointing towards a significantly better cashflow than forecast. The company says back-of-the-envelope calculations suggest the improved gold recoveries could lift the life-of-mine pre-tax cashflows more than 75 per cent. |
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Drilling campaign delivers new targets for Wiluna in Mid West |
Wiluna Mining Corporation’s concurrent discovery, resource development and grade control drilling programs have delivered high-grade sulphide gold intersections around current mining areas and new targets across the company’s mining operation in WA’s Mid West region. The onslaught of drilling is expected to translate into inventory growth and increased confidence in production forecasts for both volume and grade up until the end of next year. |
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Kalamazoo starts lithium probes at Pilbara targets |
Gold and lithium explorer Kalamazoo Resources has broken ground with a maiden drilling program across its lithium targets at Marble Bar and DOM’s Hill in WA’s Pilbara region. The company is planning 5000 metres of RC drilling as part of its joint venture project with NYSE-listed Chilean lithium producer SQM and is targeting three prospects defined by substantial soil geochem anomalies and prospective structures. |
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Drilling begins for Torque at prime Southern Cross prospect |
Torque Metals is set to get the drill spinning at its highly prospective Bullfinch gold project with a maiden 1600m RC program underway at the company’s Withers Find prospect in WA’s Goldfields. Torque says the prospect has recorded historical production of 1308 ounces of gold at 34.4 grams per tonne and has been identified through geophysical, geological and geochemical analysis as the prime Bullfinch target. |
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Aruma bolts on more gold acreage in Mid West |
Aruma Resources has added almost 300 square kilometres of prospective central WA gold acreage to its exploration portfolio with the pegging of the greenfields Carter Well project, east of the historical Mt Magnet mining town in WA’s Murchison region. The company plans on getting boots on the ground as soon as regulatory approval has been granted. |
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Valor closes in on new copper, uranium targets in Canada |
Valor Resources has identified highly prospective copper and uranium targets during a review of historical data from its Surprise Creek project in Canada’s Athabasca Basin. Based on the copper results alone, including rock-chip samples between 0.25 and 5.9 per cent and soil samples up to 3300 parts per million, the company has extended its tenements by 11 square kilometres to the south-west. |
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