EDITION #203
Perth, Western Australia - Monday October 10, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Mount Ridley sets new grades benchmark at WA rare earths play
|
Regional air-core drilling at Mount Ridley Mines’ namesake rare earths project near Esperance in WA has delivered the highest grade assays so far and expanded its mineralisation footprint to over 1200 square kilometres. The results graded up to 3688 parts per million total rare earth oxides and were detected across a pool of nine prospects within a 20km radius of the site’s centre. |
|
|
Kula cranks up lithium hunt near Greenbushes mine
|
ASX-listed Kula Gold has announced plans to significantly extend and expedite ongoing lithium exploration at its Brunswick multi-mineral project in the South West region of WA. The news follows the discovery of six pegmatite target zones at the site, just 45km from the celebrated Greenbushes mine – the world’s largest hard rock lithium asset. |
|
|
Askari beefs up Burracoppin gold numbers after drilling |
Askari Metals has received a second tranche of high-grade gold results from a third phase of RC drilling at the company’s Burracoppin gold project in WA’s Wheatbelt region. In June a total of 40 RC holes were drilled for 3639m and now the company has received assays from a further 19 holes with significant results including a 1m hit going 9.54 g/t gold from 31m within a broader 6m strike running 2.37 g/t from 31m. |
|
|
Latin bolsters maiden lithium estimate with new discovery
|
Battery metals explorer Latin Resources has uncovered a parcel of new mineralisation just 500m west of its highly prospective Colina lithium prospect in Brazil. Highlights from the diamond drilling campaign include an 18.71m intercept running 1.32 per cent lithium oxide from 321.15m. The explorer is on course to deliver a maiden estimate at Colina in December and believes the nearby discovery could boost its figures. |
|
|
Horizon pockets $300K with sale of Coolgardie gold projects
|
Horizon Minerals has sold its Kangaroo Hill and Phoenix gold projects to Greenstone Resources as the company focuses on its Boorara, Yarmany, Lakewood, Binduli project areas and underground development plans. The $300,000 deal involved two mining leases and two prospecting licences near Coolgardie in WA’s Goldfields region, with Greenstone paying Horizon $150,000 in cash and $150,000 in shares for the projects. |
|
|
White Cliff nears maiden rare earths probe after DMIRS tender
|
White Cliff Minerals is closing on a maiden 100-hole, 3000m air core campaign at its Hines Hill rare earths project about 200km east of Perth in WA after submitting a program of work to the Department of Mines, Industry Regulation and Safety. The proposal follows the recent acquisition of a land access agreement and a reconnaissance soil sampling program that returned grades as high as 550 parts per million total rare earth oxides. |
|
|
Antilles spies strong Cuban copper-gold porphyry potential
|
Antilles Gold is further encouraged by the extent of gold mineralisation and alteration seen in the six drill cores collared at its El Pilar copper-gold porphyry project in Cuba. Continuous gold mineralisation was observed from near surface to 40m downhole, with approximately 45m of underlying oxide copper mineralisation almost entirely composed of copper sulphides. A 15,000m drill program will commence next year on the large porphyry target. |
|
|
Aurumin gets boots on the ground in Mid West gold hunt |
ASX-listed Aurumin has embarked on a mapping and soil sampling campaign across the company’s Greater Sandstone gold project in WA’s Mid West region as it looks to generate targets for further exploration work. Aurumin’s program aims to cover the majority of its tenement package and has kicked off at the explorer’s newly acquired ground that was purchased from private outfit Mining Equities for 500,000 Aurumin shares and a one per cent net smelter royalty. |
|
|
Tambourah locks onto priority Julimar North nickel targets
|
Tambourah Metals is set to test nickel targets with an airborne survey across its greater Julimar North project after the company identified anomalies at its Bolgart and Tolarno prospects. The survey will also investigate multiple magnetic targets identified at its Wongan Hill South prospect across a strike length of about 80km that stretches from the town of Wongan Hills to south of Goomalling. |
|
|
Triangle to rejig oil JV after carbon capture review
|
WA oil producer Triangle Energy has formalised a deal to reduce its stake in the Cliff Head Joint Venture partnership shared with ASX-listed Pilot Energy. The company currently owns 80 per cent of the project but has agreed to sell off half its rights for $1 million – a sum projected to hit its coffers by the second quarter of next year, pending a government review of the duo’s proposed carbon capture and sequestration plan for the site. |
|
|
New Technical Director brings commodity clout to Valor
|
Mineral explorer Valor Resources has appointed highly experienced exploration executive Robin Wilson to the role of Technical Director as it looks to beef up the company’s core skills. Wilson brings over 30 years of global exploration experience in many critical mineral commodities with a particular focus on uranium. |
|
|
Brightstar hits high-grade WA gold extensions with drill bit
|
Recent RC drilling by Brightstar Resources at the company’s Cork Tree Well gold project 30km north of Laverton in WA has delivered high-grade extensions along strike from the project’s existing 252,000-ounce gold resource. Among an array of significant strikes a single hole returned standout intercepts of 5m going 9.46 g/t from 103m and 4m running 2.56 g/t from 168m. |
|
|
Emu joins WA rare earths hunt with exploration applications
|
ASX-listed Emu NL is expanding its search for rare earths with exploration applications for projects in WA at Condingup and another near Merredin to add to its recent Georgetown project pick up in Queensland. A single Geoscience WA sample from one of the two tenements at Condingup, near Esperance, returned elevated levels of total rare earth oxides of 1047 parts-per-million whilst two GSWA samples from Merredin showed rare earth element levels of 1381 ppm and total rare earth oxides of 1000 ppm. |
|
|
Bosnian silver mine nears mid-way point for Adriatic |
Mineral developer Adriatic Metals is ramping up construction at its Vares high-grade silver project in Bosnia and Herzegovina as it moves towards opening its namesake underground mine and processing plant next year. The company says the project is now 45 per cent complete and has used the European summer to accelerate the development of the site’s surface infrastructure, process plant and haul road. |
|
|
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. |
Bulls N' Bears Chronicle 50 Hasler Road, Osborne Park, 6017 Unsubscribe |
|
|
|
