PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Perth, Western Australia - Wednesday June 23, 2021 |
Antilles hits paydirt at historical Cuban gold mine |
Antilles Gold has hit paydirt at its La Demajagua project in southern Cuba, with resource drilling across the historical Delita mine area delivering wide intercepts of high-grade gold and silver mineralisation. First assays from the current campaign include 27.5 metres at 7.2 grams per tonne gold. That featured an impressive 7.65m interval grading at 15.5 g/t gold and 273.9g/t silver from 146m down-hole. |
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Wiluna turns out more high-grade sulphide gold hits |
Wiluna Mining’s development program over its namesake WA operation continues to come up trumps with reserve drilling across the Happy Jack deposit returning 1.78 metres grading a stunning 66.74 grams per tonne. Meanwhile drilling at East Lode has turned up intercepts of 13.12m at 6.89 g/t and 6.85m at 7.72 g/t gold, underlining the lucrative nature of the deeper sulphide mineralisation. |
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Taruga starts new copper drilling at South Australia project |
Taruga Minerals has kicked off a maiden drilling program at Morgan’s Creek in South Australia where it recently found high-grade copper in rock chips collected over a wide area overlaying gravity and magnetic anomalies. The company has about 2,000m of reverse circulation drilling planned across a 45 square kilometre “megabreccia” seeing the drill bit for the first time. |
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Hot Chili fast-tracks PFS on major Chile copper-gold project |
Hot Chili has launched feasibility over the company’s immense Costa Fuego copper-gold project in northern Chile, appointing expert engineers Wood to oversee a PFS over the greater Costa Fuego project area. The study will use the 2016 Productora pre-feasibility study to expedite a larger PFS over the project, which hosts more than 724 million tonnes in copper and gold resources. |
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Coda ramps up drilling over SA copper find |
Coda Minerals has stepped up exploration at its Emmie Bluff IOCG discovery in South Australia, with drilling now underway to further test the mineral-rich body, located 450 kilometres north-west of Adelaide. The company has now kicked off drilling of a series of daughter holes that splay off the original diamond drill hole to test the mineralisation at various levels within the stratigraphy. |
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History spurs Castle foray into WA base metals province |
ASX-listed junior explorer Castle Minerals says its extensive review of historical exploration data stemming from work done by a veritable who’s who of the mining industry over the past four decades has identified several encouraging base metal anomalies on its exploration licence applications in WA’s emerging Earaheedy Basin minerals district. |
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Latin expands Lachlan Fold Belt footprint in NSW |
Latin Resources has expanded its footprint in Lachlan Fold Belt elephant country in New South Wales, adding 570 sq.km of new tenure. The active junior has picked up ground about 30km from Australian gold major Newcrest Mining’s 22-million-ounce Cadia deposit, where historical drilling hit 26m at 1.5 grams per tonne gold. It also has land near Gundagai to the south under application. |
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Blackstone eyes green power in Vietnam downstream plan |
ASX-listed Blackstone Minerals has launched a “green” hydrogen study as it continues to look at ways of developing a zero-carbon mining and downstream processing operation at its flagship Ta Khoa nickel-copper-PGE project in Vietnam. In relation to the proposed downstream processing plant, the company intends assessing oxygen production via the electrolysis of water that it says generates green hydrogen as a by-product. |
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Calima extends oil well drilling in Alberta |
Canada-focused oil and gas producer Calima Energy has extended drilling into the oil-rich Sunburst Formation at its Brooks project in Alberta. The company has added a fourth development well to its current three well schedule as it looks to ramp up oil production from its Blackspur oil facilities. A fifth well may also be on the cards to capitalise on strong oil prices. |
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Lefroy extends Burns gold-copper porphyry discovery |
Lefroy Exploration’s ongoing 3,000m drilling campaign at the exciting Burns gold-copper discovery 50km south-east of Kalgoorlie has reportedly confirmed the mineralised Eastern Porphyry zone extends to the north and continues at least 180m below the discovery hole that returned 38m at 7.63 grams per tonne gold and 0.56 per cent copper. |
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Todd River adds to WA base metals portfolio |
Todd River Resources has expanded its footprint in WA, picking up close to 900 sq.km of ground in the Edmund Basin south of the Pilbara Craton. The company’s new Pingandy tenure covers a package of rocks similar to those hosting Rumble Resources Earaheedy lead-zinc discovery and prospective for copper, lead, zinc and silver mineralisation. |
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88 Energy rights balance sheet with Alaska tax credit sale |
ASX-listed 88 Energy is cutting more than US$1 million of annual finance costs and adding US$2.6 million to its treasury with the US$18.7 million sale of oil and gas tax credits in Alaska. The balance-sheet reset strengthens the company’s position as it strives to expand oil and gas resources at its 100 per cent-owned Peregrine project in the US state. |
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Venus, partner ramp up high-grade gold search in WA |
ASX-listed Venus Metals and joint venture partner Rox Resources are extending deep drilling at their Youanmi gold project near Mt Magnet in Western Australia. The pair have added 2,000m of diamond drilling to a program targeting depth extensions to high-grade gold shoots and seeking new ones. They are looking to add to the current 1.19-million-ounce resource at Youanmi as stellar gold hits continue. |
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ADX lands Romania gas exploration licence extension |
ADX Energy has secured an 18-month extension to its 49 per cent-owned Ex-10 Parta gas exploration licence covering about 1,200 square kilometres in Romania. The company will now seek funding for a 100 sq.km 3D seismic program to follow up on targets defined with 2D seismic and to assess opportunities in the vicinity of the Iecea Mica-1 gas well drilled in 2019. |
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PolarX looks to build on Alaska copper resource base |
ASX-listed base and precious metals explorer PolarX is gearing up to kick off a new round of diamond drilling at the Caribou Dome copper project, about 250km north-east of Anchorage in Alaska, USA. The company says it has locked in a drilling contractor for the program that is planned to start in August this year with an aggregate drill coverage of at least 1,500m. |
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St George strikes deeper high-grade nickel at WA project |
ASX-listed St George Mining has delivered a “breakthrough” high-grade nickel sulphide drill hit below previously intercepted mineralisation at the 75 per cent-owned Mt Alexander project in Western Australia’s north-Eastern Goldfields. The 11.07m hit grading 1.58 per cent nickel and 0.71 per cent copper included a 1.28m interval going at 6.54 per cent nickel, 2.96 per cent copper and 3.88g/t PGEs from 342.12m depth. |
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Ardea keeps gold hits rolling in at Kalgoorlie project |
ASX-listed 3D metal printing company Aurora Labs has hit the ground running after moving operations to its new Canning Vale facility in Perth. The company’s Beta prototype printer has produced its first coupons since the relocation, marking the relaunch of Aurora’s 12-month “Technology Development Pathway” strategy with an end goal of commercialising its 3D printing technology. |
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Surefire sets sights on high-grade WA magnetite |
ASX-listed junior explorer Surefire Resources has been buoyed by a recently completed scoping study on its Perenjori iron ore project in WA’s south-west Murchison district that points to a potentially economically viable mining and beneficiation operation producing high-grade magnetite concentrate. The company says the study shows a “clear pathway” to meeting its 30 per cent internal rate of return hurdle for a project development. |
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