EDITION #239
Perth, Western Australia - February 17, 2023
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Ora Banda doubles underground gold resource at key WA site
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A comprehensive exploration campaign has paid off for Ora Banda Mining with the company revealing it has doubled the underground mineral resource at its Riverina gold system to more than 300,000 gold ounces. The gold producer also announced a maiden ore reserve for the Riverina system near Kalgoorlie of 73,000 ounces at a solid grade of 4.3 grams per tonne gold with an additional reserve only limited by drilling density at the site. |
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Latin lands more high-grade Brazilian lithium |
Latin Resources has hauled in another catch of high-grade results in its Brazillian lithium hunt and pushed out the boundaries of its Colina West deposit a further 500m along strike with seemingly no end in sight. Topping the leaderboard of hits is an impressive 20.7m intersection chipping in at 1.51 per cent lithium oxide from 159m. |
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Estrella one step closer to nickel production
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Near-term nickel producer Estrella is one step closer to delivering its much-needed battery metal to the market. Glencore’s Murrin Murrin Operation has received a bulk sample of high-grade nickel from the company’s Spargoville 5A project, 20 kilometres southwest of Kambalda. Estrella says its assays have met all the specifications from Glencore and the processing of the sample has begun. |
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Stream of gold, silver hits flow for Riedel from American project
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Diamond drilling at Riedel Resources’ Kingman project in Arizona, USA has returned more shallow high-grade gold and silver results. The 600m by 200m Tintic zone threw up intersections including 2.13m at 16.7 g/t gold, 88 g/t silver and 4.7 per cent lead from 12.5m depth and 1.86m going 5.21 g/t gold, 226 g/t silver and 1.2 per cent lead from 22m. Riedel drilled 23 diamond drill holes at Tintic in November 2022. |
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Horizon hits rare earths, scandium near Kalgoorlie
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Regional air-core drilling on Horizon Minerals’ tenements 25km southeast of Kalgoorlie has returned multiple shallow clay-hosted rare earths and scandium anomalies. Results of up to 2437 parts per million total rare earth oxides were obtained with magnet rare earths up to 718ppm as scandium oxide results grading up to 445ppm formed a linear zone. Ongoing metallurgical testing will guide future work at the zone. |
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Auric takes big step towards WA gold mine with new drill program
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Auric Mining is pressing ahead with its ambition of a Jeffreys Find gold mine after commencing a grade control drill program at the project. The company plans a short mine life at Jeffreys Find, first with a starter pit and then a full pit. Grade control drilling is designed to give certainty by defining information on the ore grades and blocks. |
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Venus chases more lithium from new Murchison target
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Venus Metals has launched an RC drilling program at new targets at its wholly-owned Youanmi lithium project in WA’s Murchison region, about 480km northeast of Perth. The drilling will test recently identified lithium anomalies in soil samples and rock chips for pegmatite-hosted lithium-caesium-tantalum mineralisation in the bedrock. The rock chips returned up to 2.11 per cent lithium oxide. |
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Cazaly adds 2km copper anomaly to key Pilbara project
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Cazaly Resources continues to make significant discoveries at its Ashburton project in the Pilbara region of WA after assays from rock chip samples identified up to 32 per cent copper over a more than 2km strike. The rock chips were collected at the Cheela Plains prospect and initial processing of final electromagnetic survey data was also completed. The Cheela Plains prospect is located along the Najilgardy fault zone where Cazaly holds the rights to more than 2450 square kilometres in the Ashburton Basin. |
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Lithium Energy edges closer to QLD graphite resource upgrade |
Battery metals explorer Lithium Energy is edging closer to a mineral resource upgrade at its world-class Burke graphite deposit in Queensland after releasing another round of high-grade results from recent drilling. Headline results include a super high-grade 16m coming in at 26.3 per cent total graphitic carbon housed in a thick 76m averaging 20.6 per cent total graphitic carbon from surface. |
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Infinity Mining unleashes high-tech survey on WA lithium project
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Infinity Mining will launch a new survey technique at its Tambourah South lithium project in the Pilbara region of WA that uses real-time data processing to model a 3D map of the underlying geology of the site. The Ambient Noise Tomography survey technology allows the explorer to map in 3D down to several hundred metres where lithium, caesium and tantalum-rich pegmatites identified at surface have grown at depth. |
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Valor picks up more ground in the hunt for uranium |
ASX-listed Valor Resources has expanded its ground in the uranium-rich Saskatchewan area in Canada, expanding its Surprise Creek tenure by 20 square kilometres. One of the new tenements comes with a historical showing of 1.2 per cent copper. Despite both new additions being highly prospective for uranium and copper, very little modern exploration has been completed since the 1980s. |
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