Perth, Western Australia - Tuesday October 12, 2021 |
Kingwest to jumpstart Kalgoorlie gold production
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Kingwest Resources has signed a joint venture agreement with FMR Investments which will see the company resume underground mining at the Menzies Gold Project north of Kalgoorlie. The deposit was last mined 85 years ago and produced 526,000 tonnes at 16 grams per tonne gold for 270,000 ounces. Lake Goongarrie is also set to be extended with five new gold anomalous zones detected. |
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Gold extraction rates surge for Venus at Youanmi
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Venus Metals, along with their joint venture partner Rox Resources has had major success with its metallurgical test work recently conducted on the Youanmi Deeps Resource in WA. Test work has delivered substantial improvement in gold extraction for Youanmi Deeps with new test work improving extraction to 95.6 per cent, a substantial increase from the historical production which averaged 86.8 per cent gold recovery. |
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Southern Star shines for Great Southern with 68m gold hit
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Great Southern Mining is rapidly scrubbing up its Southern Star gold deposit in WA after it intersected a best yet drill hit of 68 metres going 1.9 grams per tonne gold from just 61m in amongst a wealth of other high-grade hits at its Duketon project in WA. The impressive result backs up a previous 59m hit in a different hole grading 2.1 g/t gold. |
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Caeneus Pilbara targets awash with sulphide mineralisation |
Caeneus Minerals has completed an extraordinary 15,999m maiden drill program at its Roberts Hill project in the Pilbara which included 197 holes plunged into the Malina Basin. Its efforts were rewarded with several prospective targets identified and sulphide accumulations encountered in more than 40 per cent of the holes. The company is now bedded down awaiting the assay results which are expected by the end of the month. |
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Aldoro picks up new lithium ground |
Mineral explorer Aldoro Resources has boosted its lithium footprint in WA after sealing an agreement with Trafalgar Resources for the 100 per cent acquisition of its Windimurra pegmatite assets near Mt Magnet. The deal represents the fourth acquisition of lithium ground by Aldoro in as many months. Under the agreement Aldoro will pay Trafalgar $50,000 in cash and 275,000 shares. |
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Castle homes in on new high priority WA drill targets
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Multi-element explorer Castle Minerals has added an assortment of new gold and base metal drill targets at its Polelle project located near Meekatharra, only 15 kilometres from Great Boulder Resources’ Side Well gold project in WA. An additional five prospecting licences have been granted extending the Polelle project a further 4km to the north, adjoining the potentially large mineral system at the Tea Well project owned by SensOre. |
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Twenty Seven Co onto lithium pegmatites in NSW
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Twenty Seven Co could be set to join the white-hot lithium market after early visual results identified the presence of pegmatites with evidence of lithium, tin and copper mineralisation at its Trident project near Broken Hill in New South Wales. The results compliment historical geochemical sampling which included a stellar 7.63 per cent lithium oxide sample. The company is now awaiting assay results from rock chips collected from those pegmatites. |
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Godolphin to tap copper gold sniffs in NSW
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ASX-listed Godolphin Resources is preparing to unleash the drill and probe several fresh targets at its Yeoval project in western NSW after a detailed review of historic exploration data set the wheels in motion. The project area covers some 290 square kilometres and compellingly, is also home to 60 historic copper gold mine workings along a 20km strike length. |
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Deep Yellow pivots to fresh Namibian uranium targets
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After announcing a cracking 121 per cent increase to ore reserves at Tumas earlier this week, uranium player Deep Yellow has turned its focus to the Omahola project managed by Deep Yellow’s subsidiary company, Reptile Uranium Namibia. The drill bits are already turning at the start of a shallow 200-hole for 7100m reverse circulation drill program. |
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CZR cranks up Pilbara iron ore infill drill program
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ASX-listed aspiring gold and iron ore developer, CZR Resources has cranked up a 7,800m infill reverse circulation drilling program as a key part of the definitive feasibility study underway on its 85 per cent-owned Robe Mesa iron ore project in WA’s Pilbara. The drilling is aimed at growing the indicated resource and further de-risking the project in tandem with ongoing technical and economic studies. |
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Metal Hawk grows WA nickel sulphide discovery
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WA-focused exploration company, Metal Hawk has delivered a broad 22m nickel sulphide hit going 0.27 per cent nickel at its Commodore prospect near Kalgoorlie some 150m north of its recent discovery where a 1m interval at a smashing 5.9 per cent nickel was intercepted. The company will now ramp up exploration drilling at the prospect following a $2.4m cash injection from a strongly supported capital raise. |
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Kaiser Reef ships first Victorian ore from Queens Lode
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Kaiser Reef has advanced the underground decline at its A1 gold mine in Victoria to reach its highly prospective target zone at Queens Lode. The achievement represents a major milestone for the company which has wasted no time seeing off the first shipment of ore to the processing plant. The resource drill out was done and dusted prior to mining with a string of excellent results defining the resource. |
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King River joins $120m Australian battery alliance
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King River Resources has signed a Participant Agreement with the Future Battery Industries Cooperative Research Centre. The $120 million Australian organisation provides industry-led research seeks to grow Australia's competitiveness and contribution in the global battery industry value chain. King River will now brush shoulders with about 60 other members of the alliance, including heavyweights BHP, IGO and the Federal Government. |
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Valor unearths widespread copper in Peru
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Mineral exploration company Valor Resources is onto a grab bag of significant grade copper samples, with some going as high as 13.4 per cent, arising from a geochemical sampling program at its Picha copper and silver project in southern Peru. At the Cobremani prospect, sampling of historical works delivered a continuous 35.6m long channel with an average 1.3 per cent copper and 22.85 g/t silver. |
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