Perth, Western Australia - Friday September 17, 2021 |
Metal Hawk soars on WA nickel sulphide discovery
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Market punters pushed Metal Hawk’s share price through the roof after maiden reverse circulation drilling at the company’s Berehaven nickel project near Kalgoorlie hit massive sulphide nickel mineralisation. Metal Hawk’s share price touched $0.76 in intraday trading after it announced a two-metre intersection of massive and semi-massive nickel sulphide mineralisation from 144m. The company’s previous day’s closing share price was $0.185. |
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Technology Metals delivers WA vanadium resource boost
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Resource drilling by specialty metals company, Technology Metals Australia has identified a thickening of its Yarrabubba magnetite iron and vanadium deposit south of Meekatharra in WA. Drilling in the south-east of the existing 27.7Mt resource going 38.7 per cent iron and 0.9 per cent vanadium pentoxide has returned broad high-grade zones including 24m at 50.2 per cent iron and 1.13 per cent vanadium pentoxide. |
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Twenty Seven Co unveils high-grade lithium sniffs in NSW
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Junior exploration company, Twenty Seven Co has uncovered numerous high-grade lithium and tin showings in the northern part of its 100 per cent owned Trident project near Broken Hill in New South Wales. A review of historical geochemical and sample data has returned lithium occurrences going as high as a dazzling 7.63 per cent lithium oxide. |
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Dart gold hopes high on strong drill results
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Dart Mining is relishing the prospect of a potential bulk tonnage mining operation at its Granite Flat copper-gold porphyry project in Victoria after returning some long mineralised drill intercepts in the latest round of drilling. The reverse circulation program, which included the deepest hole drilled to date at Granite Flat at 180m, discovered multiple encouraging copper and gold mineralised intervals, one of which was mineralised from surface all the way down to 138m. |
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Quantum strikes multiple graphite zones in SA
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ASX-listed Quantum Graphite says the first two holes of an eight-hole diamond drilling campaign along the ‘Eastern Conductor’ near its Uley 2 resource on the Eyre Peninsula in South Australia appear to have successfully intercepted multiple graphitic zones. Uley 2 already takes in a hefty 6.3 million tonne resource going 11.1 per cent total graphitic content. |
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Okapi snaps up old uranium mine in USA
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Multi-mineral exploration company, Okapi Resources has snapped up a 100 per cent interest in the historical Sunnyside uranium mine in Utah, USA, after staking mining claims that cover 960 acres adjacent to Okapi’s existing Rattler uranium project. The Sunnyside uranium mine comprises several small past-producing pits where uranium and vanadium were both mined in the early 1900s at high grades. The project has been no modern exploration since. |
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Calidus achieves crucial milestone on path to gold production
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ASX-listed Calidus Resources has taken two crucial steps in its journey towards becoming Australia’s next gold producer completing installation of the mill at its Warrawoona project in WAs Pilbara region and signing a mining services agreement with Macmahon Holdings. Construction is now more than 60 per cent complete with the company on track to pour first gold in the June quarter next year. |
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Mt Malcolm Mines fast tracks exploration at Leonora
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Mt Malcolm Mines has hit the ground running as a newborn on the ASX, fast-tracking its exploration program less than a week after completing a successful IPO. The company is set to tear into its prospective 247 square kilometres of tenure near Leonora in WA’s lucrative eastern goldfields with a geophysical crew ready to mobilise and a drill rig secured to commence drilling mid-October. |
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More lithium hits for Pan Asia in Thailand
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Pan Asia Metals continues to deliver the goods at its Reung Kiet lithium project in Thailand, with the results of another seven drill holes supporting the model of extensive lithium mineralisation in a pegmatite swarm. Significantly, results show the swarm is up to 100m wide and contains numerous pegmatite veins and dykes up to 18m wide with tin, tantalum, rubidium, caesium and potassium adding extra value to the project. |
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Wiluna eyes development milestone
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Perth-based gold miner Wiluna Mining is frantically ticking boxes as it gains momentum on the downhill run towards commissioning its 750,000 tonne-per-annum flotation plant as part of its major production ramp-up plan at its namesake project in WA. The company expects the plant to be in operation in December and is targeting increased production to 120,000 ounces per annum by the end of the 2022 financial year. |
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Torque nails second gold discovery at WA project
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Torque Metals says it has made a new gold discovery on the back of recent first-pass reverse circulation drilling at its Paris brownfields gold project within WA’s prolific Boulder-Lefroy Fault Zone province. Notable initial drill results from the Strauss prospect were 12m at an average grade of 1.21 g/t gold from 57m including 3m at 4.23 g/t from 36m and 6m going 2.32 g/t from 39m.
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Aruma gets green light to kick off drilling
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Perth-based junior explorer Aruma Resources is set to get boots on the ground after receiving the green light to kick off drilling at its Salmon Gums gold project in WAs prolific Norseman goldfields. The company plans to undertake a maiden 3,000m RC program at the project, located 30km south and along strike from the recent Scotia gold discovery. |
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Horizon firms up resource for Kalgoorlie satellite gold deposit
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Horizon Minerals has tabled an updated mineral resource estimate for one of the key satellite gold deposits that underpin its proposed flagship Boorara gold production hub about 15km east of Kalgoorlie. The revised resource for the company’s Jacques Find-Peyes Farm deposit, located at the Teal project area 10km north-west of Kalgoorlie, weighs in at 1.74 million tonnes grading 2.32 g/t for 130,000 ounces of contained gold. |
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WA gold strike lights up Mt York for Kairos
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WA-focused explorer, Kairos Minerals has returned the best high-grade gold hit in the history of its Mt York project in the Pilbara after striking a cracking 32m at 3.79 g/t gold. Described by the company as an exceptional intercept, it comes as part of an ongoing 20,000m drilling campaign seeking to add more gold to the 873,500-ounce resource base at the project. |
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Galan partners up for lithium supply chain transparency
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Galan Lithium has partnered with leading sustainable supply chain traceability provider, London-headquartered international group Circulor Ltd as the ASX-listed lithium development hopeful seeks to become a preferred source of lithium carbonate supply to global markets. It says the collaborative partnership with Circulor will look to establish full lithium traceability and carbon dioxide and environmental, social and governance tracking for its lithium brine assets in Argentina’s “lithium triangle”. |
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Antilles test work feeds into Cuban gold feasibility
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ASX-listed Antilles Gold’s maiden drilling program over its La Demajagua gold deposit in Cuba continues at a cracking pace with the company now sourcing material from mineralised drill core to undertake metallurgical test work. SGS Peru has been appointed to perform the test work which is aimed at establishing preliminary concentrate grades and recoveries for gold and silver, an integral piece in the definitive feasibility study puzzle. |
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Zuleika unearths broad gold zones near Kalgoorlie
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Junior exploration company, Zuleika Gold has potentially unveiled a broad gold system at its Breakaway Dam prospect near Kalgoorlie in WA with 21 air-core drill holes intersecting gold including a peak 4m at 4.3 g/t gold. A second potential new gold zone may also have been intersected at its Credo Well gold project some 25km to the west. |
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New Strickland asset sets scene for fast track to production
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Junior explorer Strickland Metals says its recently acquired 346,000-ounce Millrose gold project on the north-eastern flank of the prolific gold-bearing Yandal-Millrose greenstone belt in WA provides an outstanding drill-ready opportunity to potentially grow its gold resource base in pursuit of possible early production in the region. The Perth-based company snapped up the project for $10 million from previous owners Millrose Gold Mines and Golden Eagle Mining. |
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Auroch set to drill test Arden Zinc project in SA
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ASX-listed junior explorer Auroch Minerals is gearing up to set the drill rods spinning at its Arden zinc project in South Australia after receiving state regulatory approval and signing key access agreements with free-hold landowners and the Nukunu traditional owners. A drill contractor has been secured for an October start date for 1,000m of diamond drilling to test the high-grade zinc target at Ragless Range initially. |
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Vietnam nickel sulphide hunt intensifies for Blackstone
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Vietnam-focused nickel company, Blackstone Minerals is off to a flyer in a recently launched infill drilling campaign at its King Snake prospect, located at its Ta Khao nickel-copper and PGE project. The new drill campaign has already hit 8.5 metres of sulphides including massive sulphide veins. Assays from previous drilling at the prospect have also delivered multiple nickel, copper, cobalt and PGE hits. |
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Godolphin hits sulphides in third Lewis Ponds lode
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Godolphin Resources says it has encountered sulphides in all RC holes drilled into the Quarry lode prospect at its high-priority Lewis Ponds mixed metals project 15km east of Orange in the Lachlan Fold Belt of NSW. The aim of the quartet of RC holes vectoring in on the upper levels of Quarry lode was to extend the lode mineralisation near surface and to the north of the current Lewis Ponds mineral resource. |
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Calima looks to deal on Montney oil and gas acreage
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Calima Energy is seeking to deal on its lucrative oil and gas acreage in the Montney formation in Canada after commencing oil production at its newly acquired Brooks and Thorsby project, also in Canada. Options on the table include an asset sale, joint venture, asset exchange or some other transaction. Calima has engaged Canada's leading investment bank, Peters and Company to run the ruler over the options. |
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