Perth, Western Australia - Wednesday November 10, 2021 |
Frontier launches WA strategic minerals hunt
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Frontier Resources’ search for strategic minerals linked to the “electrification” of global economies is off to a solid start after a first pass reconnaissance rock chip sampling program at its Gascoyne project in WA identified potential rare earth element host rocks. The company recently entered into an agreement to acquire the project in addition to other tenure prospective for high purity alumina, also in WA. |
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Aldoro strikes massive nickel-copper sulphides in WA
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Aldoro Resources has intersected the single thickest massive sulphide zone to date at its VC1 prospect within the Narndee Igneous Complex project located 90 kilometres south-southwest of Mount Magnet in WA. The 15.65 metre long hit included a 3.8m massive sulphide interval that broke into the footwall sequence that hosts favourable conditions for significant accumulations of nickel-copper sulphides, according to the company. |
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Okapi targets white-hot USA Uranium Market
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Perth-based Okapi Resources has entered into an agreement with Canada’s ALX Resources to acquire a portfolio of six advanced exploration projects in the Athabasca Basin - the world’s premier uranium district. The projects include 75 granted mineral claims covering an impressive 55,000 hectares. Okapi will initially focus on the Cluff Lake and Newnham Lake projects where it will target high-grade unconformity-related uranium deposits. |
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Empire spuds Beetaloo Basin oil well
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Empire Energy has commenced drilling a highly anticipated oil well in the Northern Territory’s Beetaloo Basin. The Carpentaria 2H well will test for oil in the Velkerri shales 200m downdip from Carpentaria 1. Carpentaria 2H is located 11km north of the Carpentaria 1 discovery well and will be drilled to 1,800 metres before turning south and drilling horizontally for one kilometre along the world-class oil-rich Velkerri shales. |
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Kopore offloads 75 per cent of Botswana copper play
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Kopore Metals has consummated a deal to offload 75 per cent of its subsidiary, Alvis-Crest to AIM-listed ARC Minerals. The Perth company says the all-script deal will see it pick up £1.2 million worth of ARC shares for the sale of its interest in Alvis-Crest that owns the Virgo copper project in Botswana. Those shares will become tradeable on the AIM market from November 10. |
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ADX secures approval for first Austrian exploration well |
ADX Energy has received approval for its first oil exploration well in Austria that the company says could give up 6.6 million barrels of producible hydrocarbons. Red Drilling and Services has been contracted to drill three wells and all key materials and services have now been secured. Anshof 1 will take around 17 days to drill at a cost of EUR 2 million. |
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Taruga hits new rare earths zone in SA
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Taruga Minerals has picked up a grab bag of rare earths, lithium and cobalt rock chips collected at its 100 per cent owned Hydrothermal Hill and Oxide Hill prospects within the company’s Morgan’s Creek project in South Australia. A new prospect, the New Burra prospect was also unearthed 500 metres south of Oxide Hill that highlighted rare earths, lithium and zinc over a 3km strike length. |
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Novo uncovers fresh targets near Hemi gold discovery
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Canadian listed Novo Resources said it has identified multiple untested magnetic anomalies comparable to the gold-bearing intrusions at De Grey Mining’s extraordinary nine-million-ounce Hemi gold discovery. The new targets have been etched out of the northern sector of Novo’s 100 per cent owned Egina project in the West Australian Pilbara Craton. They were identified through a detailed aeromagnetic interpretation in conjunction with extensive soil sampling. |
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3 ounce to the tonne gold for Calidus at Blue Spec
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ASX-listed Calidus Resources maiden diamond drilling program at its recently acquired Blue Spec deposit has hit pay dirt returning 4.1m at 33.6 g/t gold including 1.1m at a whopping 100.7 g/t gold. The high-grade satellite gold resource is located 75 km’s from Calidus’ Warrawoona project in WA’s prolific Pilbara goldfield. Geotechnical and metallurgical test work is underway as the company works towards finalising a definitive feasibility study. |
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Kaiser Reef hopes rise for A1 gold mine expansion
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Gold miner Kaiser Reef has set the scene for potential extensions to the mine plan at its A1 mine in Victoria. The company has produced first gold from trial mining of the Queens Lode and discovered more gold at depth where it now appears the northern mineralisation plunges deeper. Latest drill results showed results on nearly 3 ounces to the tonne gold. |
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Suitors line up to fund Tietto African gold play
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West African gold developer Tietto Minerals says it has received a barrage of project funding proposals as it shifts towards the construction phase at its 3.35-million-ounce Abujar gold project in Côte d'Ivoire. A potential financier is expected to be chosen this month with offers received to date ranging all the way up to a whopping $180 million from overseas institutions. |
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CZR appoints new MD to drive iron ore play
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CZR Resources has appointed experienced geologist Stefan Murphy as its new Managing Director. Murphy was most recently the CEO of Northern Territory iron ore developer Nathan River Resources. |
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Gascoyne to ride with Firefly as Westgold bid falls over
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Gascoyne Resources looks set throw its lot in with ASX-listed Firefly Resources after the Supreme Court motioned through a merger deal between Gascoyne and Firefly. The move effectively ends Westgold's surprise bid for Gascoyne, closing the books on the protracted precious metals love triangle between the three players. Gascoyne will now look to Firefly’s extensive landholdings in the region to forward plan its operations. |
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Godolphin unveils more gold targets in NSW
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ASX-listed precious and base metals explorer, Godolphin Resources could be in line for a busy end of year after receiving encouraging assay results from a recent Quarry Lode RC drilling program at its Lewis Ponds Project in NSW. The company says it has identified zones of gold, silver and base metals mineralisation in four holes. |
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Kula locks onto new gold prospect near Marvel Loch |
Junior explorer Kula Gold has locked onto a new gold prospect known as “G-Star” at its Marvel Loch-Airfield project in the prolific Southern Cross goldfields in Western Australia. First pass auger drilling has revealed a gold anomaly striking over 2.2km which remains open to the northwest. Follow up sampling was completed during October with samples awaiting assay. |
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Maximus defines shallow gold deposit at Redback
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ASX-listed gold developer Maximus Resources is closer to defining an open-pit-able gold resource at its Redback deposit with recent drilling at Redback returning a bevy of shallow high-grade numbers including 7m at 7.0 g/t gold from 42m. An additional drill programme of about 2,000m is planned ahead of a mineral resource update and open-pit optimisation studies. |
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Si6 develops multiple geophysical drill targets in Botswana
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Si6 Metals has generated multiple high-priority drill targets from a geophysical AMT survey across the Dibete, Airstrip and Maibele North prospects at its Maibele base metals project in Botswana. Results delivered from the Dibete prospect pointed to numerous untested anomalies that lie along strike and underneath known mineralisation consistent with a “Messina Copper” style mineralisation. |
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