Announcements

The proposed multibillion-dollar merger between Kalgoorlie Super Pit owners Northern Star Resources and Saracen Mineral Holdings might be the talk of the town at next week’s Diggers & Dealers conference but gold junior and budding developer, Middle Island Resources, has been consistently kicking goals at its historic Sandstone gold project in WA during a massive two-phase, 50,000m-plus drilling campaign this year.

White Cliff Minerals has secured a strategic position in the multi-million-ounce Murchison goldfield of WA, joining a growing rush of explorers looking to stake their claim in the resurgent gold mining terrane. The company has completed the acquisition of the Reedy South project stamping its foot on over 156 square kilometres of auriferous tenure adjacent to the Reedy’s gold mine.

Paydirt Media has kept the ball rolling in Australia’s resurgent mining sector conference circuit, this week hosting the Australian Nickel Conference at Perth’s Pan Pacific Hotel. The conference held on Tuesday 6 October 2020, was a showcase of who’s who in the nickel sector highlighting a string of projects across Australia and the Asia-Pacific region.

Barton Gold is striking up the banjos as deep drilling of its ‘Deliverance’ target continues to return auriferous results. The company’s drilling program below its Perseverance open pit at Tarcoola is rapidly outlining a large mineralised system, that not only remains open along strike but also seemingly continues to a significant depth.

Terrain Minerals continues to kick goals across its auriferous project area’s in WA with recent sampling smoking out a series of high-grade gold samples from the Murchison region, north of Perth. Rock chip and surface sampling along strike from the recent drilling over the Smokebush project has returned a string of gold-rich results weighing in at up to an astounding 100 g/t gold.

ASX and London-listed aspiring project developer, Adriatic Metals, has completed an all-scrip acquisition to the value of approximately C$15 million of fellow Balkans precious and base metals player Tethyan Resource Corp. The merged group will subsequently have an expanded footprint in two mining-friendly jurisdictions in the region as it looks to step up exploration and feasibility study activities.

Oakdale Resources’ shares have been on a tear of late after the company joined the hunt for the next Julimar and quickly identified a bevy of targets across its Crown nickel-PGE project in Western Australia. The new project is a just stone’s throw away from Chalice Gold Mines’ headline-grabbing discovery, located a mere 9km to the east of Julimar delivering Oakdale a prime position in this emerging nickel terrane.

Infinity Lithium continues to bolster its board of directors following the appointment of lithium guru Jon Starink. The well-credentialed Starink comes to the company following stints in both mining consultancy and the finance sector – Starink also brings with him a wealth of experience in the development and operation of hard-rock lithium mining and processing operations.

Venus Metals Corporation and joint venture partner, Rox Resources, have continued their golden plunder across the Youanmi terrane in WA, with the resurgent mining centre continuing to return a swag of gold intercepts for the duo including 4m at 15.95 g/t gold from a new discovery zone 3km north of the mine site.

Novo Resources could be on the verge of a substantial upgrade to its existing resource inventory after its development program across the Beatons Creek conglomerate gold deposits identified previously unrecognised extensions to the near-surface auriferous, sedimentary units. The host conglomerate units have been mapped and sampled over an additional 1,600m of strike, with initial assays averaging over 2.5 g/t gold and remain open along strike.

ASX-listed Aruma Resources has agreed to sell its Slate Dam gold project in WA’s Eastern Goldfields to its neighbour and ASX-listed gold hopeful, Black Cat Syndicate, for $500,000 cash, with the deposit of $50,000 already paid and the balance due on settlement. Also included in the transaction are the Trojan gold resource and Clinker Hill projects.

ASX-listed West Africa gold hopeful, Mako Gold, has put the second tranche of an oversubscribed $10 million capital raise to bed as it cranks up an exploration blitz at the Tchaga prospect at its exciting joint-ventured Napie gold project in Cote d’Ivoire.

Terrain Minerals looks to be vectoring in on gold mineralisation hidden below surface dirt at its Wild-viper prospect lying adjacent to the Goldfields Highway, 68km south of Leanora in WA. Terrain said encouraging first pass drill results from its maiden drill tests at Wild-viper confirmed the potential for widespread mineralisation suggesting it could be on the edge of something more significant.

ASX-listed explorer, Victory Mines, has kicked off a round of RC drilling targeting historical high-grade drill hits at its second-string but intriguing Bonaparte base metals project about 70km north of Kununurra in the Kimberley region, WA. The company has started the 10-hole program at Bonaparte that will include twinning historical drill holes with modern drilling methods and sampling techniques.

ASX-listed minerals and advanced materials development company, Neometals, has continued to build a comprehensive nickel inventory at its Mt Edwards project in Western Australia. Recent work has included a doubling of contained nickel within its 132N deposit resulting in an updated resource weighing in at 460,000 tonnes at 2.0 per cent nickel.

ASX-listed PGM junior, Impact Minerals, has identified a “potentially powerful geochemical vector” that it says increases towards higher-grade nickel-copper-platinum group metals mineralisation at the Platinum Springs prospect which forms part of its Broken Hill project in NSW.

ASX-listed Canadian focused gold explorer, Ardiden, has firmed up its wholly-owned South Limb prospect in north-western Ontario having completed all the permitting requirements to enable exploration activities to advance. South Limb, which is a highly prospective brown-fields property, lies directly along strike from the historical Dona Lake gold mine and is one of 18 prospects being lined up for exploration.

Godolphin Resources’ evaluation of its Lewis Ponds project has presented some intriguing possibilities for the company with an assessment of the previous drilling unearthing a number of outstanding drill intercepts including 91m at an impressive 2.30 g/t gold and 79 g/t silver from 427m, including a high-grade core of 10m at 8.82 g/t gold and 255 g/t silver.

Troy Resources’ Smarts Underground deposit in South America continues to produce outstanding results with the company confirming three ounce-to-the-tonne, or better, gold hits at its Karouni gold project in Guyana. The ongoing reserve definition drill program returned a first hole intersection of 1m going 57.60 g/t gold from 221m where it is already sitting on a one million-ounce resource estimate.

ASX-listed West Africa bauxite hopeful, Lindian Resources, has unveiled a 53-million-tonne increase in the resource estimate at the Lelouma bauxite project in Guinea to a monster 900 million tonnes going 45 per cent alumina as the company looks to demonstrate it could be sitting on one of the highest-quality undeveloped bauxite projects in the world.

ASX-listed Kingwest Resources has hit paydirt again at its flagship Menzies gold project about 130km north of Kalgoorlie as the company seeks to shore up confidence in the resource. The results, which include 4m at 11.04g/t gold from 47m, also hint that an upgrade to its current mineral resource estimate may soon be on the cards.

In one of WA’s hottest new gold plays, CZR Resources has made another high-grade discovery in a shallow drill hole at the Top Camp prospect at its Pilbara-based Croydon project, located 75km west-south-west of De Grey Mining’s stunning Hemi gold deposit. The latest drill hit returned a healthy 2m at 22 g/t gold from 7m, including 1m at 42.2 g/t gold.

ASX-listed gold producer, Horizon Minerals, continues to capitalise on a strong Australian-dollar gold price at its low-grade Boorara gold mine, 10km east of Kalgoorlie-Boulder, peeling off a rapid-fire $4.89 million in revenue. The bounty was secured courtesy of a second batch of contract trial mining and toll treatment of open-pit ore that culminated in the production of 1,845 ounces of gold that sold for an average $2,654 an ounce.

ASX-listed manganese developer Element 25 has picked up a handy $1 million from the $3 million sale of the Cummins Range rare earths deposit in WA’s East Kimberley region which the company says will be ploughed into its developing $15 million Butcherbird manganese mine in the Pilbara.

Aspiring gold producer in Indonesia, Sihayo Gold, has launched a 22-hole diamond drilling program totalling 5,500m at the exciting Hutabargot Julu prospect at its Sihayo gold project in North Sumatra. The ASX-listed, Brisbane-based company successfully flew in and set up the first drill rig in the mountainous terrain, with the second rig expected to be mobilised to site next week.

Paydirt Media is set to keep the ball rolling in Australia’s resurgent mining sector conference circuit, this week hosting the Australian Nickel Conference at Perth’s Pan Pacific Hotel. The conference kicks off at 8 am, Tuesday 6 October 2020, showcasing a who’s who of the nickel sector and their projects across Australia and the Asia-Pacific region.

Legend Mining’s ongoing drill campaign at Mawson continues to paint a picture of a mineralised system growing in both scale and grade with the latest drill hole intersecting over 26m of nickeliferous sulphide in RKDD027. The visually spectacular drill core includes 15.45m of massive sulphides, across three zones of mineralisation, and a further three zones of 10.80m of semi-massive and matrix sulphide - the hunt continues across the Mawson discovery in WA’s Fraser Range.

ASX-listed explorer, Impact Minerals, has defied the weather gods and kept the drill rods turning at its Broken Hill platinum group metals project in western NSW. Despite numerous interruptions to drilling work brought on by unseasonal heavy rain, the Perth-based company hopes to finish its current RC program by the end of the week, with assay results from the exciting Platinum Springs and Red Hill prospects to follow shortly.

Kairos Minerals is shifting through the gears as it accelerates its exploration program across the Pilbara. In the wake of a successful capital raising last week the company has doubled the size of its current drilling program over the emerging goldfield and is set to smash out 10,000m of reverse circulation drilling as it tests its highly prospective Tierra, Fuego and Mt York gold prospects

Wiluna Mining Corporation has given the green light on the expansion of processing operations at its world-class gold mine and is poised to increase production to more than 100,000 ounces of gold per annum. The increase will flow from the construction of new sulphide concentrator at the operation to produce a second product stream for sale into the growing global gold-in-concentrate market.

ASX-listed Cote d’Ivoire gold hopeful, Mako Gold, has refined its board of directors with specific West African experience as the company looks to accelerate exploration work at its flagship Napie gold project towards a maiden resource estimate in the March 2021 quarter.

TNT Mines has released a string of high-grade uranium results from its East Canyon project in Utah. These results are the balance of the company’s recent underground sampling program in the northern project area and have returned assays grading up to an impressive 12,700 ppm uranium oxide and 4.53 per cent vanadium pentoxide with follow up drilling now being planned across the prospect area.