Perth, Western Australia - Monday December 20, 2021 |
Aurumin hits 3 ounce dirt near Southern Cross
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Aurumin Limited has racked up a gold hit of nearly three ounces to the tonne at its Mt Dimer project approximately 120 kilometres northeast of Southern Cross in Western Australia. The 90.7 g/t hit was included in a broader 8m intersection grading a solid 15 grams per tonne gold from 71m downhole. The Mt Dimer historical production centre has previously produced over 125,000 ounces of gold. |
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Venture lands monster tin hit in Tasmania
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Venture Minerals has ended the year with a bang after new drilling at its Mount Lindsay tin-tungsten project in Tasmania included a monster-sized 147m drill intersection going 1 per cent tin and 0.2 per cent tungsten. The latest stellar results sent the company’s share price soaring by more than 27 per cent in intraday trading. |
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White Cliff bullish on new ground
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A first pass reconnaissance trip by White Cliff Minerals at its Yinnetharra lithium and rare earths exploration project has yielded encouraging early results. Samples of pegmatite dykes have been sent for laboratory assay and White Cliff said it would aggressively advance exploration now at its Yinnetharra project that sits some 100 kilometres northeast of the Gascoyne Junction in WA. |
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Panther leaps into maiden drill campaign at nickel play
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Panther Metals has wasted no time getting stuck into its maiden RC drill campaign targeting nickel sulphides at the company’s Coglia project in WA after listing on the ASX only last week. The planned 6,000 metre program will explore the deeper nickel sulphide potential at the Coglia nickel-cobalt project southeast of Laverton before shifting focus to its Eight Foot Well gold project nearby. |
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Middle Island, Aurumin strike deal on Sandstone assets
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Middle Island Resources has sold its Sandstone gold project and processing plant to Aurumin for $6m cash and $6m in Aurumin shares. The deal allows Middle Island to maintain some upside to the project via its Aurumin holdings whilst it takes its $6m in cash up to Tennant Creek in the NT where it is planning to hit the turbo charge button on its copper gold portfolio. |
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CZR winds up iron ore drilling ahead of reserve update
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CZR Resources has wrapped up an infill drilling campaign designed to grow the reserves and boost anticipated production from 2 million tonne to 3 million tonne per annum at its Robe Mesa iron ore deposit in WA . The updated reserve estimate will feed into an ongoing definitive feasibility study that will benefit from the infill drilling campaign consisting of 164 RC holes for 7,803 metres within the resource envelope. |
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Global lithium heavyweight muscles into Kalamazoo ground
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Kalamazoo Resources has entered into a strategic joint venture with leading Chilean lithium producer SQM providing SQM an exploration option to earn-in across two of Kalamazoo’s evolving Pilbara lithium projects in WA. SQM has chartered a firm path in the Australian lithium landscape as 50 per cent owner of the colossal Mt Holland lithium project near Southern Cross that is slated to commence production in the latter half of 2024. |
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Calima looks to boost 2022 oil production with new wells
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Canadian oil producer Calima Energy has set a cracking pace at its core Brooks project in Canada, successfully drilling two horizontal wells this month that are expected to boost the company’s new year production. It said reservoir logs and oil and gas shows while drilling suggest the wells should add significant additional barrels to Calima’s base production numbers. |
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Askari amasses multiple WA battery metals and gold targets
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Askari Metals has a busy schedule ahead with multiple rock chip sampling, soil sampling, drone magnetic surveys and drilling campaigns planned across its prospective looking West Australian tenure. The company also recently snapped up some prime lithium real estate at its Red Peak project north of Meekatharra that boasts lithium bearing pegmatites never previously explored for lithium. |
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Empire set to roll in fraccing crew as Carpentaria-2 well completes
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Empire Energy is now planning a follow up fraccing program with its US consultants to test a 192m long horizontal drill section at its recently completed Carpentaria-2H well in the Beetaloo Basin’s Velkerri Formation. The 192m section is thought to be the longest ever horizontal well ever drilled in the Beetaloo Basin’s Velkerri Formation. Carpentaria-2H is already showing early signs of liquids-rich shale gas. |
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Valor copper hunt buoyed by early survey results
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Valor Resources says it is encouraged by results from ongoing geochemical and geophysical surveys in its hunt for Peruvian copper and silver at its Picha project after the company nailed a 1.2km by 2km open geophysical anomaly. It said the anomaly identified by the Induced Polarisation survey potentially represents a large porphyry copper system, which remains open to the south. |
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Kula back on the rig at Southern Cross kaolin discovery
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Kula Gold is back at work at its Marvel Loch-Airfield project in the Southern Cross region of WA. The company’s 62-hole RC drilling onslaught of its kaolin and halloysite ground at the Boomerang prospect is again springing to life. Management says the campaign is aimed at defining the geographic extent and assessing the resource potential of the area. |
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West Cobar onto thick polymetallic hits in NSW
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West Cobar Metals has landed a grab bag of significant thick intersections of copper, silver, lead and zinc mineralisation at its Bulla Park prospect in NSW with drill hits spanning over a 1 kilometre strike. Significant assays returned include a 22 metre intercept grading 1 per cent lead and 20 grams per tonne silver from 253m downhole. |
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Novo launches Victorian gold drilling blitz
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Toronto-listed gold miner and explorer, Novo Resources has unleashed the rig for a 2,000m drilling blitz to test a plethora of targets at its 50 per cent owned Malmsbury gold project in Victoria. The project hosts more than 1,500 historical gold workings with past drilling at the tenure returning significant mineralised intercepts including an impressive 4.1m grading 13.1 g/t gold at the Leven Star trend. |
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Lords Corridor turns up high-grade gold hits for Alto
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Alto Metals has continued its run of shallow, high-grade gold hits from the company’s Lord Henry prospect within the historical Lords Corridor mining centre approximately 25 kilometres southeast of Sandstone. Notable intercepts include a 35m wide intersection going 2.2 grams per tonne gold from 43m downhole and a 24m strike grading 2.3 g/t gold from 31m. |
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