EDITION #238
Perth, Western Australia - Thursday February 16, 2023
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Anova sets cracking pace with new Murchison gold acquisitions
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Perth-based gold and metals explorer Anova Metals (soon to be Warridear Resources) has completed its acquisition of DC Mines and as a result now holds two more exploration projects in the heart of WA’s Murchison region. The company has wasted little time in getting to know its new projects with the drill bits already spinning in an effort to boost mineral resource estimates. |
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Xanadu on the edge of new copper-gold frontier in Mongolia
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Billionaire geologist Robert Friedland’s Oyu Tolgoi copper-gold discovery in Mongolia is of biblical proportions and just 120 km to its northwest, ASX-listed Xanadu Mines is onto a copper-gold discovery that has already ticked over a billion-tonne resource and counting. Xanadu’s Kharmagtai deposit is now taunting the market with its potential in a region that is capable of brewing ridiculous-sized mineral deposits like Oyu Tolgoi. |
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BMG snaps up prime WA Eastern Goldfields real estate
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BMG Resources has bagged a patch of prime Eastern Goldfields real estate near Coolgardie in Western Australia that houses a 4km corridor of lithium-rich pegmatites along with a clutch of high-priority gold prospects. Historic rock chip sampling has kicked up multiple anomalous lithium values, peaking at 1.9 per cent lithium oxide. The tenure is located a stone’s throw from the multi-million-ounce Bullabulling gold mine. |
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Valor racks up more Peruvian poly-metallic targets
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Valor Resources has racked up an enviable list of high-priority polymetallic prospects at its Picha and Charaque projects in Peru. The company has been toiling away in the rich Peruvian mountains proving up a clutch of new targets as it prepares to wheel the drill rig in for a maiden diamond drilling program across its prospective acreage. |
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White Cliff breaks rare earths record at WA project |
White Cliff Minerals has returned its highest-grade rare earths results so far at its Yinnetharra project with a headline reading of 3912 parts per million total rare earth oxides. The company also believes that lithium results up to 400 parts per million in the northwest of the project indicate that it is getting closer to lithium-bearing pegmatites as it continues to pore over its patch in the Gascoyne region of WA. |
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Toro sets new benchmark with its thickest massive nickel sulphide |
Toro Energy has landed its thickest massive nickel sulphide intersection so far at its Dimma project in the Yandal greenstone belt in WA. The company says its latest diamond drilling campaign unveiled a 4.5m of continuous massive nickel sulphide from 194.3m downhole. All three drill holes drilled so far at Dimma have intersected massive nickel sulphides indicating the discovery remains open in all directions. Toro has now discovered four nickel sulphide zones and tested less than half of the 7km strike of its host Dusty komatiite rock unit. |
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ENRG spies upgraded uranium resource after high-grade assays in Niger |
Results from its recent rock chip sampling program has ENRG Elements targeting a resource upgrade at its Agadez project after unveiling outstanding levels of uranium mineralisation of up to 34.3 per cent uranium oxide in samples collected from the base of a paleochannel. 74 of the 83 samples collected from the project in Niger returned high-grade values over 500 ppm triuranium octoxide, with duplicate sampling confirming the initial assays. |
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Aruma flags aggressive Pilbara rare earths hunt |
Aruma Resources is set to up the ante in its pursuit of rare earths at its Saltwater project in the Pilbara in Western Australia. The company holds 80km of strike and has tabled previous assays of up to 11 per cent rare earths. Aruma plans to use surface mapping and sampling before geophysical surveys to better define drill targets for unconformity-hosted heavy rare earths similar to those in the Athabasca Basin in Canada and the Tanami-based Browns Range project. |
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Rock chips turn up rare earths for Cazaly at Pilbara project
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Rock chip sampling over Cazaly Resources’ extensive Ashburton project in the Pilbara region of WA has kicked up a suite of anomalous rare earths peaking at just over one per cent. The explorer says it was targeting a 50km long thorium anomaly adjacent to a deep-seated regional scale structure considered prospective for large mineralised systems. |
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Infinity Mining nets extension for Pilbara licence
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Infinity Mining has bagged a five-year extension for its Tambourah South tenement in the Pilbara where previous rock chip sampling has latched on to a pegmatite swarm grading up to 2.65 per cent lithium oxide. The project sits in the evolving Pilbara pegmatite province home to Pilbara Minerals’ 305 million tonne Pilgangoora lithium project averaging 1.1 per cent lithium oxide. |
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Mount Ridley hits extensive WA ionic-clay rare earths |
Mount Ridley Mines has discovered two thick, shallow and high-grade ionic clay-hosted rare earth element zones at its namesake project some 50km north of Esperance in Western Australia. Drilling intersected two new zones with results up to 3389ppm total rare earth elements and best results including 35m at 1999ppm TREO and 21m going 1906ppm TREO. The company believes its results suggest its Mia prospect now extends over 20km. |
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Askari fires up drill rigs at Namibian lithium project
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Askari Metals has kicked off a fresh RC drilling program at its Uis lithium project in Namibia. More than 40 drill holes as part of 3,000m campaign aim to confirm high grade rock chip samples and new targets. The company says the project sits within a highly mineralised, spodumene rich pegmatite belt with a history production. Six drill holes have already been completed. |
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Classic lays foundations for Kat Gap gold production
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Classic Minerals has made significant progress on the construction of its Kat Gap gold processing plant with both internal and external concrete foundations completed. The company says the external foundations will support the beneficiation plant whilst the internal concrete slab will be used to support the gold room. |
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Venture sets drill rods in motion in Tasmanian nickel hunt
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Venture Minerals is lining up its drill rig on a compelling three-kilometre-long electromagnetic conductor at the company’s flagship Mount Lindsay project in Tasmania. A strong nickel-in-soil anomaly has been etched out over the conductor coinciding with a sequence of prospective ultramafic rocks. The company believes the conductor could outline buried nickel sulphide mineralisation. The project already boasts one of the world’s largest undeveloped tin-tungsten deposits. |
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Early survey results buoy Coda at SA copper project
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Coda Minerals has completed four Ambient Noise Tomography surveys across key prospects at its Elizabeth Creek copper project in South Australia with early results highlighting new areas of interest. The surveys are designed to use an advanced passive seismic technique to produce a detailed sub-surface velocity map to assist in the identification of iron-oxide copper-gold mineralisation close to the company’s Emmie deposits. |
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Godolphin gears up for upgrade to NSW rare earths resource |
Godolphin Resources has sent 31 diamond drilling core samples from its latest program at the company’s Narraburra project to Australia’s leading authority on mineral and metallurgical testing. The samples form part of Narraburra’s updated mineral resource estimate to JORC 2012 standards which is expected in March. The test work will provide a better understanding of the NSW project’s rare earth elements and rare metals composition. |
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