Perth, Western Australia - Thursday October 14, 2021 |
Antilles strikes 69m of high-grade Cuba gold
|
Aspiring gold producer, Antilles Gold continues to return sublime gold hits from a recently wrapped up drilling campaign at its La Demajagua gold and silver project in Cuba. The latest intercepts include a head-spinning 69m strike going 8.0 g/t gold, with grades in the intercept reaching a dazzling 109 g/t gold and 1,730 g/t silver. |
|
|
Okapi picks up new US uranium ground
|
Okapi Resources has acquired additional high-grade uranium pounds adjacent to its existing tenure on a new mining lease executed with the State of Colorado. Okapi has secured a 100 per cent interest in 640 acres of prospective acreage around the High Park uranium deposit. Black Range Minerals previously established a JORC 2012 resource of 2.48 million pounds U3O8 at 570ppm U3O8 in the new project area. |
|
|
Adriatic secures vital Vares financial package
|
Aspiring miner Adriatic Metals has sealed a US$245 million finance package to fund the construction of its flagship Vares silver project in Bosnia and Herzegovina. The deal, which includes an equity raising of US$100 million, signals a major step in the advancement of the project which is still subject to delivery of a definitive feasibility study. |
|
|
Twenty Seven Co to drill test stellar soil samples
|
Twenty Seven Co is set to kick off reverse circulation drilling at its 100 per cent owned Rover gold project near Sandstone in WA next week that will test recent stellar soil sampling results including a 1.15 gram per tonne surface gold sample. Drilling will also test some exciting intersections at the Harmonic and Creasy prospects to get a better understanding of the potential scale of the mineralised system around them. |
|
|
Novo hikes gold production by 22 per cent at conglomerate mine
|
Toronto-listed gold producer Novo Resources has churned out 18,144 ounces of gold in the third quarter at its newly minted Nullagine gold project in the Pilbara that produced 14,890 ounces in the previous quarter. Gold sales generated C$43 million revenue for the conglomerate gold miner who finished the quarter with a hefty C$44.1 million in the kitty and an impressive C$135 million worth of liquid investments. |
|
|
Gold Fields Ltd doubles down with massive Lefroy drill program
|
Mining goliath Gold Fields Ltd and Lefroy Exploration’s Western Lefroy joint venture project on Lake Lefroy near Kambalda is about to get a serious shot in the arm. Gold Fields says it will plough 46,000 drill metres into Lefroy’s project that it has committed to spend $25m on as part of its farm in. The target area is in prime gold country near Gold Fields’ St Ives processing plant. |
|
|
PolarX expands high-grade Nevada gold tenure
|
Mineral exploration company, PolarX has staked an additional 15 claims in the heart of the historic US historic mining mecca state of Nevada. The company says it has now confirmed several large gold-in-soil anomalies at its new Black Canyon tenue, within its existing high-grade Humboldt Range where, amazingly past rock chip sampling returned multiple assays going more than 100 grams per tonne gold, including a spectacular peak value of 512.7g/t gold. |
|
|
Si6 kicks off 5000m Laverton drilling blitz
|
ASX-listed gold explorer Si6 Metals has strategically positioned itself to extend the strike of its Monument gold project in Laverton by kicking off a government co-funded 5000 metre air core drill program. The program is targeting high level intrusive gold deposits analogous to the seven-million-ounce Wallaby gold deposit, also in the Laverton tectonic zone. |
|
|
Victory Mines muscles into Red Dirt territory
|
Junior explorer Victory Mines has judiciously applied for an additional five exploration licences around its Mt Ida-Ida Valley project, which will now share a tenement boundary with celebrated fellow explorer Red Dirt’s newly acquired Mt Ida gold project. Victory says northward extensions of the recently announced lithium bearing pegmatites on Red Dirt’s ground may creep up into its new tenure. |
|
|
Tietto MD backs company for $1m
|
West African Gold developer Tietto Minerals Managing Director, Caigen Wang, has hit his kick for $1m, putting his own money where his mouth is after exercising 4,000,000 Tietto options to acquire 4,000,000 new shares in the company at 25c a share. The conversion of the options follows the tabling of Tietto’s lucrative looking definitive feasibility study that Wang managed to successfully deliver. |
|
|
Strickland locks in Native Title agreement for WA gold hunt
|
Mineral explorer, Strickland Metals has secured a milestone ‘Native Title Land Access and Mineral Exploration Agreement’ with the Tarlka Matuwa Parku Aboriginal Corporation to cover the company’s entire Yandal gold project tenure in WA. Strickland says the agreement will fast-track its exploration efforts at the project that already boasts a resource base of about 600,000 ounces of gold, taking in a touch under 2,000 square kilometres. |
|
|
King River appoints High Purity Metals Division CEO
|
King River Resources has made a key appointment to lead its newly formed High “Purity Metals Division” as the company looks to lay the groundwork for building a processing plant for high purity alumina in Kwinana. According to the company, newly appointed CEO, Doug Flanagan has a pedigree in delivering base and precious metal projects, rare earths and oil and gas projects in Australia, Zambia, Malaysia and Central and North America. |
|
|
Torian wraps up US$1m crypto equity swap agreement |
Gold explorer, Torian Resources has wrapped up an unusual equity swap and advisory services arrangement with blockchain outfit BullionFX that recently listed its “BULL” gold-backed token on cryptocurrency exchange Digifinex. Under the agreement, Torian acquired a 7.5 per cent stake in BullionFX and is set to receive 15 million BULL crypto tokens. Torian says each BULL recently traded up at about US$0.85, valuing its stake in BULL at more than US$12 million. |
|
|
Calima readies for flow testing of 3 new Canadian oil wells
|
Calima Energy is on the home straight now with its “Leo” series of three oil wells in Canada that the company has just commenced fracture stimulating ahead of planned flow testing at the end of October. The three wells are expected to yield initial production rates over the first three-month period of between 270 and 460 barrels of oil equivalent per day. |
|
|
West Cobar fires up rig to drill test exciting NSW copper targets
|
ASX newcomer, West Cobar Metals has unleashed the drill rig for the company’s highly anticipated maiden diamond drilling campaign at its Bulla Park copper and silver project on the western edges of the mineral-rich Cobar Basin in NSW. The program will kick off with three holes at its namesake prospect, targeting a major copper-silver stratabound mineralised system where historical drilling returned thick copper intercepts at the margins of the system. |
|
|
Altech discovers high-grade WA Halloysite at Kerrigan |
Altech Chemicals may have raised the stakes at its Kerrigan kaolin deposit in Western Australia’s Wheatbelt with the discovery of halloysite in its analysis of samples from last year’s aircore drilling program. Halloysite is a tubular type of kaolin that attracts a premium price because of its value for a range of specialist uses. |
|
|
Gascoyne rebuffs Westgold advances
|
Gascoyne Resources has urged shareholders to reject continued interest from Peter Cook’s Westgold Resources which resulted in an unsolicited takeover attempt. The rejection is supported by major Gascoyne shareholder Deutsche Batalon AG who is sitting on 22 per cent of Gascoyne’s stock and the company says plans are afoot to deliver profitable gold production from its Dalgaranga deposit courtesy of a revised business plan. |
|
|
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. |
|
|
|
|
