Perth, Western Australia - Thursday October 6, 2022
Southern Hemisphere seeks slice of Chilean copper pie
Following a reinterpretation of geological data, Southern Hemisphere Mining has identified a large host system for its Llahuin copper deposit in the heart of the world’s largest copper producing nation. The explorer has already highlighted a 680,000-tonne copper equivalent deposit at the site in Central Chile. However, new evidence suggests a substantial porphyry-breccia system may continue across to the company’s Cerro and Ferro deposits.
PolarX uncovers new extensive gold and silver zone
After recent channel sampling efforts, mineral explorer PolarX has uncovered a new extensive gold and silver intercept at surface within a large outcropping vein system at the company’s Humboldt Range gold and silver project in Nevada. Two of the channels combine to form one 69m long mineralised surface interval going 1.1 g/t gold and 7.65 g/t silver.
OD6 taps CSIRO to steer rare earths exploration
Mineral explorer OD6 Metals has engaged Australia’s premier science and research agency the CSIRO to help drive technological innovation in the exploration of clay-based rare earths. The company holds two greenfield assets in WA’s south coast and believes the research could bolster ongoing work, de-risk discovery and unlock the project’s full potential.
Maiden drill strike turbo-charges Lithium Energy share trading
Shares in Lithium Energy soared more than 60 per cent today on news the company’s first drill hole sunk at its flagship Solaroz lithium brine project in Argentina hit significant and highly conductive lithium brines spanning an eye-catching 105m intersection. Confirmation of the strike turbo-charged trading in Lithium Energy shares with the company witnessing its highest daily trading volumes on record.
Kaiser delivers bumper Victorian gold production
Ongoing improvements at Kaiser Reef’s Victorian A1 Mine and Maldon processing plant have contributed to a quarter of record production for the gold producer. Production tipped the scales at 3500 ounces, up from approximately 2500 ounces at the end of the June quarter, representing a handsome 40 per cent boost. The company has kicked off a major power upgrade at the underground A1 Mine designed to push production even higher.
New director brings lithium expertise to Latin Resources 
Latin Resources’ rapidly advancing battery metal operations in Brazil has prompted the explorer to beef up its boardroom expertise with the appointment of industry veteran and lithium specialist Peter Oliver as Non-Executive Director. Oliver was previously Chief Executive Officer and Managing Director of Talison Lithium – the company behind the renowned Greenbushes mine in WA – the world’s largest hard-rock lithium project.
Askari locks up another lithium project
Askari Metals has acquired another lithium project in WA’s highly prospective Pilbara region from private outfit Mining Equities for a total of $125,000 in cash and shares, bolstering its already brimming battery metals portfolio. In a busy period of activity, the explorer is also reviewing its Red Peak lithium project for rare earth elements potential and has wrapped up its maiden drilling campaign at the company’s Horry copper and gold project.
Lode expansion quadruples NSW silver-base metals project
Lode Resources has quadrupled the size of its Webbs Consol silver-base metals project after being granted an exploration licence for an additional 53 units by the New South Wales Government. The new exploration area takes in an additional 155 square kilometres increasing the size of the tenements to more than 200 square kilometres as the company continues to define the size of the resource in the area.
Triangle JV lands pay day after WA oil shipment
Triangle Energy’s Cliff Head JV with Pilot Energy could soon pocket about $6.8 million after unloading and subsequently selling off close to 51,000 barrels of oil via a new shipping route through Thailand. The Perth-based oil and gas player could earn about $5.4 million from its share in the project with the company’s joint venture partner taking home an estimated $1.4 million for its part of the deal. Another shipment is scheduled for later in the year.
Brightstar hits new high-grade gold lode in WA
Brightstar Resources’ recent 12-hole RC drilling program has identified a new mineralised lode at the company’s Cork Tree Well gold project 30km north of Laverton in WA. The drilling was performed at the project’s Delta 2 prospect and returned a series of high-grade hits including 2m going 6.05 grams per tonne gold from 29m, 1m running 5.31 g/t from 102m and 2m grading 2.42 g/t from 94m.
Horizon Minerals notches up more WA nickel hits
Final assay results from Horizon Minerals’ recent foray with the drill bit at its Cannon project near Kalgoorlie in WA has notched up several encouraging nickel hits including 2m at 2.21 per cent nickel from 161m. Further afield at the company’s Golden Ridge and Yarmany projects, prospective fertile ultramafic horizons have been etched out from a reconnaissance drilling probe and downhole geophysical surveys.
Coda wraps up drilling at Qld copper-gold project
Coda Minerals has wrapped up its maiden 27-hole, 2800m RC drilling campaign at its Cameron River copper-gold project located in the world-class Mt Isa mineral province in North Queensland. Early visual identification of copper-bearing sulphides in samples, backed up by anomalous pXRF analysis, suggests the company has tapped into a copper-mineralised system. Assay results from the program are expected later this year.
St George surveys highlight high-priority nickel sulphide targets
St George Mining has unearthed a raft of nickel sulphide targets at its Mt Alexander project near Leonora including a large electromagnetic conductor that has been identified as a priority drilling prospect. The company is currently conducting fixed loop electromagnetic surveys combined with seismic data to pinpoint a series of anomalies identified earlier last month. 
Classic infill program bears more high-grade gold
Classic Minerals has delivered more high-grade gold intercepts from infill RC drilling at the company’s flagship Kat Gap gold project 170km south of Southern Cross in WA. Significant results include a 1m hit going 47.5 g/t gold from 20m and a broader 6m strike going 4.08 g/t from 48m. The results come from another 32 holes of Classic’s 109-hole infill program designed to provide more accurate data for the company’s resource model as it looks to start producing.
Twenty Seven Co gets Rio support in lithium farm-in agreement
Rio Tinto Exploration, a subsidiary of the mining giant, has exercised its option to farm-in to ASX-listed Twenty Seven Co’s North Rover project with plans to begin a 500-1000m drill program to test for lithium at the site. The two companies entered into an earn-in option agreement in March stating the Rio subsidiary can earn an 80 per cent interest in non-gold minerals at the tenement by spending $5 million on non-gold exploration at the site.
Aruma fires up rig for second round in lithium hunt
Aruma Resources has kicked off a second phase drilling campaign of up to 1800m over 12 holes at the company’s Mt Deans lithium and rubidium project 120km south of Kalgoorlie in WA. The drill holes will pierce down to depths as low as 120m in a follow-up program to first phase drilling and recent rock chip sampling that returned high-grade lithium and rubidium results. Aruma anticipates its work to be completed in mid-October with results to be released in due course.
International Graphite unlocks new discovery near WA resource
International Graphite has intersected a package of shallow mineralisation at its newly defined Springdale Central discovery, just 200m from its existing Springdale resource near Hopetoun in WA. Banner results from the 13-hole RC campaign include 9m at 36.2 per cent total graphite content inside a larger 22m intercept running 20.7 per cent TGC from a downhole depth of just 38m.
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