Category: Exploration

Recently listed True North Copper (TNC) has encountered large zones of visible copper sulphide mineralisation near its great Australia resource on its Cloncurry project in Queensland. An initial two-hole drilling program (totalling 820m) targeted extensions to the existing great Australia resource and potential continuity to the greater Australian target. Drilling of the two holes identified large zones of visible copper sulphide mineralisation. Hole GAD014 detected about 180 metres of consistent mineralisation and multiple zones of chalcopyrite mineralisation while hole GAD015 encountered multiple zones of chalcopyrite mineralisation. Managing director Marty Costello said drilling was undertaken to gain a better understanding of the greater Australian target. “Our recent great Australia resource drilling program was undertaken to help us understand how we would…

Prodigy Gold (ASXPRX) has restarted operations at the Tanami North project following the end of the Northern Territory wet season. Work is co-funded under the Northern Territory Government’s round 15 resourcing the Territory grant. Drilling is now underway at the Boco North prospect with 20 reverse circulation holes designed to test a geophysical target below an unmineralised cover sequence. Work will aim to open up an unexplored greenfields area along the significantly mineralised Suplejack shear zone (SSZ). Due to the presence of an overlying unmineralised cover, Boco North has not been effectively drill tested and is a geochemically blind target. Managing director Mark Edwards said the company is excited to begin drilling at Tanami North, “Prodigy Gold is excited to…

An initial environmental scoping study (ESS) has been completed Ark Mines’ (ASX:ARK) Sandy Mitchell rare earths and heavy minerals project in Queensland. Terra Solutions completed the study in partnership with Northern Environmental Testing and Compliance (NETC). The surveys collected samples from ground and surface water and a suitability assessment was completed to assess the native flora and fauna habitats with respect to threatened species. NETC also carried out an initial study of the aquatic ecosystems to set the baseline survey requirements for water testing. Work is continuing to collect a 12-month sample of data. Results will provide Ark guidance on the required aquatic and terrestrial ecological assessments as well as the development of monitoring solutions and environmental management plans. Ark…

Warriedar Resources Limited (ASX: WA8) has reported high-grade gold intercepts from its ongoing Reverse Circulation (RC) drilling program at the Rothschild prospect, which is part of the Fields Find Project located in the Murchison province of Western Australia. The drilling program was designed to test the scale potential of the existing deposit including depth extensions, repeat parallel lodes and satellite lodes. The program has extended the known high-grade zone at Rothschild by over 100m at depth. The first assay results from the Rothschild drilling program have returned significant high-grade intercepts, including 11m @ 3.39 g/t Au from 197m, 10m @ 1.63g/t Au from 202m (including 3m @ 3.12g/t), and 9m @ 1.85g/t Au from 150m. Other notable intercepts include 7m…

De Grey Mining Limited (ASX: DEG) has obtained excellent resource infill drilling results from the Brolga zone at the world-class Hemi gold discovery in Western Australia. The drilling is being conducted as part of the Prefeasibility Study (PFS) of the Mallina Gold Project. Brolga was identified, along with Diucon and Falcon, in a Scoping Study released in October 2021 as one of the early proposed production sources for the Project. Resource definition drilling allows more of the Brolga resource to be classified as JORC Indicated mineralisation. This increases the potential production target and Ore Reserve for the PFS and provides increased confidence in the Project’s projected cashflow from early production sources. Resource definition drilling at Brolga has focussed on the…

Venture Minerals (ASX:VMS) says new drilling at the Mount Lindsay Tin-Tungsten Project in Tasmania, Australia continues to deliver “exceptional” intersections of high grade mineralisation whilst targeting high grade zones within the existing Main Skarn deposit. The intersection in ML343M included a high-grade zone of 23.2 m @ 1.6% Sn and 0.03% WO3 from 75.8 m or 3 m @ 4.1% Sn and 0.1% WO3 from 90 m. The drill program, designed to confirm the continuity of high-grade zones and provide additional metallurgical samples, is part of the company’s updated Feasibility Study for an underground mine. The significant intersections from ML343M included: 2 m @ 0.8% Sn and 0.2% WO3 or 1.0% Sn Eq from 75.8 m including 45 m @…

Independent research conducted by Austex into the Cash Flow reports of 733 resource companies has shown that total exploration was a record A$974 million, up from A$845 million in the third quarter of last year, and A$563 million a year ago. “Austex’s analysis of Appendix 5B Reports illustrates industry’s commitment to finding new mines to create jobs, royalties and benefits to the local community,” said Warren Pearce, CEO of the Association of Mining and Exploration Companies (AMEC). “Total Australian mineral exploration expenditure continues to grow, demonstrating the strength of Australia’s mineral exploration industry, the record capital raising combined with the record exploration spend will lead to more discoveries.” Total capital raisings increased to a record A$3170 million, a 37% increase…

Kopore Metals Limited (ASX:KMT) has entered into a binding share sale agreement with Endeavour Financial AG to acquire 100% of Endeavour’s uranium project in the Agadez region of Niger. Under the deal Kopore will acquire Endeavour’s wholly owned subsidiary EF Niger Exploration SARL. The Project comprises three granted exploration permits (Permits) and one exploration licence application in the highly prospective Tim Mersoi Basin, considered one of the world’s major uranium producing areas. The Permits host the same geology that is represented at Orano’s Cominak (now shut down) and Somair mines and the Imouraren (Orano), Madaouela (Goviex) and Dasa (Global Atomic) projects. According to the World Nuclear Association, Niger was the 6th largest producer of uranium in 2021 and has been…

Queensland Resources Minister Scott Stewart announced today the state’s fifth consecutive round of funding to support exploration. The funding, administered through the Collaboration Exploration Initiative (CEI), aims to support Queensland’s resource exploration companies by providing grants to encourage exploration, particularly in frontier and greenfield areas. Queensland Exploration Council chair Kim Wainwright says she expects competition to be strong, based on the response to previous rounds, and welcomes the latest round of $2.5m in funding for this CEI round. “The CEI has provided $10 million worth of funding to more than 190 explorers over the past 14 years,” she said. Ms Wainwright said Queensland’s CEI led to more than 50 significant mineral deposit discoveries in that time in under-explored areas of…

Sayona Mining (ASX: SYA) will commence exploration over its Pilbara gold portfolio, targeting Hemi-style mineralisation. Initial work will focus on the Mt Dove project, which includes testing for intrusion-related gold mineralisation. Sayona Mining managing director Brett Lynch says the company is excited to launch this exploration program. “A recent assessment identified a number of targets across our 100% owned Pilbara gold portfolio,” he said. “The Hemi discovery has highlighted the region’s potential and we look forward to unlocking the prospectivity of our large tenement holding for the benefit of shareholders, adding to our flagship Authier Lithium Project and other lithium projects in Canada and WA.” De Grey Mining’s Hemi discovery is a large-scale, high-value, near-surface gold discovery. The gold price…

Exploration drilling has taken off since the COVID-19 pandemic. A raft of measures by the Federal and state governments to increase mineral exploration, along with the advent of smart technology, have come together to create a conducive environment for increased exploration drilling. One such company experiencing this wave is mining technology company IMDEX, which develops cloud-connected sensors and drilling products that provide critical information in real-time. The number of cloud-connected instruments it rents out reached a record high in 2020, specifically its IMDEX HUB IQTM cloud-based technology and software. IMDEX chief executive Paul House says strong mining fundamentals supported a return to pre-COVID-19 business levels. “We are still experiencing record high numbers on rent and record plans by our customers…