Perth, Western Australia - Wednesday September 08, 2021 |
Copper Search set to join Gawler Craton hunt after $12m raise
|
South Australia-focused copper explorer Copper Search has closed off a successful $12 million IPO ahead of its planned listing on the ASX this week. The company hopes to strike the next copper jackpot in South Australia’s venerated Gawler Craton region where it boasts a massive landholding of more than 6,500sqkm across the north-east and eastern margins of the prolific minerals province. |
|
|
Gold production on the up and up for Ora Banda
|
Ora Banda Mining says its central Davyhurst gold processing hub and surrounding satellite mines in WA’s Eastern Goldfields have continued to make performance improvements across the board during the operation’s current ramp-up phase. The company eked out gold production of just over 2,450 ounces in the past couple of weeks and estimates total gold output of about 9,000 ounces across July and August. |
|
|
Torian hits more WA gold at Stirling Well
|
Junior exploration company, Torian Resources has delivered several significant gold drill hits at its Stirling Well deposit some 40km north-west of Leonora in WA including 1m at an impressive 16.81 g/t gold. The company says the recently announced results have increased the mineralised footprint beyond the existing resource which already consists of 253,500 tonnes going 2.01 g/t gold for more than 16,000 ounces of the precious yellow metal. |
|
|
Emu hits deep quartz veins at Gnows Nest in WA
|
ASX listed Emu NL has ramped up drilling at its lode-gold style Gnows Nest project in WA with a 6,500m reverse circulation program that has already intersected quartz veining at depths between 120m and 190m downhole. Drill testing is ongoing at the historic Gnows Nest mine, the Monte Cristo prospect and at a new target known as Watertank Hill, within a significant structural zone between Gnows Nest and Monte Cristo. |
|
|
New Canadian oil wells hit early production budgets for Calima
|
Calima Energy says its four new oil wells drilled in Canada have now been operational for 30 days and have hit their “risked budgeted number range”. Each well was drilled in just under seven days and averaged 176 boe/d per well over the initial 30-day period. They were drilled into the Sunburst formation at the company’s Brooks oil field in Alberta. |
|
|
Quantum fires up rig for SA graphite hunt
|
Quantum Graphite has launched into an eight-hole diamond drilling campaign over the ‘Eastern conductor’ near its Uley 2 graphite deposit on the Eyre Peninsula in SA. Uley 2 already boasts a 6.3 million tonne resource going 11.1 per cent total graphite content, with reserves clocking in at 4Mt at 11.89 per cent. The company is now looking to grow the resource and reserves via a two-phase drilling campaign. |
|
|
Surefire unveils large gold anomaly at Murchison project |
ASX-listed junior explorer Surefire Resources has uncovered three new targets at its exciting Yidby gold discovery at its namesake project in WA’s south-west Murchison district following recent soil sampling work. The Perth-based company says results from the geochemical survey comprising 520 samples point to three discrete and significant soil anomalies south-east and along strike of Yidby. |
|
|
Venus strikes bonanza gold in potential new Youanmi lode
|
Venus Metals and Rox Resources say they have identified what looks to be a new gold lode parallel to the old Youanmi mine at their joint ventured Youanmi gold project in WA. The JV partners’ continuing drilling campaign at Youanmi recently returned a pulse quickening 4-metre intersection going an impressive 45.5 g/t gold from 341m including 1.33m grading an even more impressive 129.3 g/t gold from 341.75m. |
|
|
Kingwest boosts underground gold resource at Menzies
|
Kingwest Resources has boosted its underground resource at its Yunndaga deposit within the Menzies gold project 6km south of Menzies. Importantly, the new estimate represents Kingwest’s first “high grade” resource estimate for Yunndaga and the company says the deposit may now be amenable to underground mining. New estimates are based on 13 new RC drill holes focused on eking out some high grade dirt at the Yunndaga underground deposit. |
|
|
More sulphide hits for Caeneus near Hemi discovery
|
Caeneus Minerals has now completed over half its maiden air-core drilling program at its Roberts Hill project in Western Australia, with almost 10,000 metres drilled to date. One drill hole recovered a whopping 28 metres of mixed sulphides and more than 20 drill holes have now recovered significant sulphides. Company geologists are now frantically logging the holes as they await assay results. |
|
|
Mineral sands man to take helm at Mineral Commodities
|
Well credentialed minerals sands mining executive Jacob Deysel has taken the helm of ASX-listed Mineral Commodities which coincides with a significant ramp up in production at the company’s South African mineral sands project and the down-dip mining of its lucrative graphite lode for the first time in Norway. Deysel has experience across commodities in Africa, South America, Europe and Australia. |
|
|
Horizon upgrades satellite gold resource after stellar drill results
|
ASX-listed gold developer Horizon Minerals has released a new mineral resource estimate for its Crake project about 25 kilometres west of its proposed Boorara gold mine near Kalgoorlie. A series of stellar drill results have now moved 95 per cent of the resource into the coveted indicated category and metallurgical test work is also scrubbing up well at up to 98.9 per cent recoveries from the oxides. |
|
|
Pan Asia nails more pegmatite hits in Thailand lithium chase
|
Pan Asia Metals continues to deliver the goods at its Reung Kiet lithium project in Thailand with multiple holes along a prospective 1km trend intercepting broad intervals of lithium hosting pegmatite dykes and vein swarms, including a newly discovered 18.4m wide pegmatite zone at depth. A maiden mineral resource estimate and results from a scoping study evaluating initial production of up to 10,000tpa of lithium carbonate equivalent are due next year. |
|
|
Maximus launches large Kambalda nickel geophysics survey
|
ASX-listed junior gold and nickel explorer Maximus Resources has kicked off a large-scale ground-based electromagnetic geophysical survey at its Central nickel prospect about 25 kilometres south-west of BHP’s nickel concentrator in the world-class Kambalda nickel province in Western Australia. Perth-based Maximus says the fixed loop electromagnetic surveying will be aimed at probing under-explored prospective ultramafic belts as it looks to generate Kambalda-style nickel sulphide targets. |
|
|
Reedy Lagoon expands Nevada lithium brine footprint |
ASX-listed Reedy Lagoon Corporation saw its share price nearly double in intraday trading after the company announced it had its foot on an additional 1,554 hectares of tenure adjoining its 100 per cent owned Alkali Lake North lithium brine project in Nevada. The expanded project area now takes in more than 2,500 hectares and covers the entire lithium brine target previously identified via geophysical surveying. |
|
|
Castle prioritises Rumble-style zinc-lead targets in the Earaheedy Basin |
Castle Minerals has completed a comprehensive review of government and open-file geophysical datasets to help delineate several high-priority targets for base metals on its projects in the highly prospective Earaheedy Basin in WA. The review has highlighted several prominent structures which slice through Castle’s tenure, cutting the same stratigraphic unit as Rumble Resources new “Tier 1” Chinook-Magazine lead-zinc-silver discovery. |
|
|
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. |
|
|
|
|
