News Articles for 29Metals

Diversified metals miner 29Metals has awarded a four-year underground mining contract to Byrnecut Australia for an undisclosed amount.

Shares in 29Metals fell on Tuesday, following news of another seismic event at its Golden Grove mine in Yalgoo.

Indonesian and Japanese investors have taken a liking to WA copper projects as Rio Tinto and BHP talk up the metal's future.

29Metals has announced plans to raise $180 million, following news of its decision to expand the Gossan Valley mining front at its Golden Grove mine, 250km east of Geraldton.

Surefire Resources is following up newly-found base metals soil anomalism at its Yidby East gold project in WA's Mid West region, with renewed exploration set to test for possible Golden Grove-style deposit analogues. The broad-scale anomalous copper-zinc was identified at the company's Phat Boy target, about 50km from 29Metals' renowned Golden Grove copper-lead-zinc-gold-silver operation and other nearby volcanogenic-hosted massive sulphide deposits in the same belt.

Surefire Resources' soil sampling at its Yidby East gold project in Western Australia's Mid West region has identified anomalous base metals similar to of the nearby Golden Grove style of volcanogenic-hosted massive sulphide (VHMS) deposit. The company's Phat Boy target sits about 50km south/south-east of 29Metals' world-famous Golden Grove and other nearby VHMS deposits in the same belt.

In this week's edition of Bulls N' Bears Big Hits, we unravel some of the most curious drill intersections revealed on the ASX, including Warriedar Resources' stunning gold hit of 4m at 14.49g/t. We also take a close look at other notable drill hits in the past week from Ora Gold, Australian Gold and Copper, Dateline Resources and Patriot Battery Metals.

This week's profiled ASX runner of the week is… APM Human Services. Its share price rose more than 73 per cent to join Way2Vat, 29 Metals and Australian Mines.

Terrain Minerals has kicked off a maiden air-core drilling campaign at its Larins Lane base metals-gold-silver prospect to test for what it believes could be a deposit analogous to 29Metals' hulking Golden Grove operation in Western Australia's Mid West region. The company plans to drill 145 holes for 2500m in two priority categories on three separate main targets and a handful of unexplained anomalies.

Critical minerals company Terrain Minerals has unveiled high-grade gold hits of up to 6.22g/t from drilling at its 100 per cent-owned Smokebush project at Yalgoo, some 350km north of Perth in Western Australia. The high-grade assays were returned from recent reverse-circulation drilling at the company's new Lightning target – a highly-prospective area that runs parallel with its existing Monza prospect.

Terrain Minerals has set its sights on two priority polymetallic targets – which evoke the style of the giant nearby Golden Grove deposit – that have been defined from MMI geochemistry at its Smokebush project north of Perth in Western Australia. The company's geochemical sampling yielded a 1100m-long polymetallic anomaly in the north of the grid and a new 900m-long polymetallic anomaly at the grid's southern extent.

Terrain Minerals has identified multiple zones of gallium mineralisation at its Smokebush project in Western Australia's Mid West region, less than a month after the metal sent another explorer's share price rocketing. Drill results at the company's Rabbit Warren and Paradise City prospects were of comparable grade to the Arizona assays that saw Gold 50's stock jump 146 per cent.

Terrain Minerals believes its latest drilling campaign has revealed hallmarks of the typical gold-bearing systems in Western Australia's Mid West region that is home to its Smokebush gold and pegmatite project. Six holes from a second round of reverse-circulation (RC) drilling confirmed sulphides relating to IP anomalies, while another five intercepted pegmatites and samples will be analysed for lithium.

Terrain Minerals has kicked off a second round of reverse-circulation (RC) drilling for gold and lithium at its 100 per cent-owned Smokebush project in Western Australia. Management says its project features many promising exploration targets that it is testing in a rapid, methodical and systemic manner in its mission to make a company-defining discovery.

WA-based minerals explorer Terrain Minerals has uncovered a 600m-long induced polarisation anomaly at its Smokebush gold-lithium project in WA's Mid West. The company had already planned to start an RC campaign to search for gold and lithium at the project next month, but reviews of historic drilling has presented new targets – including the newly-discovered anomaly.

Terrain Minerals is now the sole owner of the Smokebush tenements in WA's Mid West after mopping up the remaining 20 per cent interest of the gold-bearing ground from a private vendor. The company has been systematically exploring the zone since entering a farm-in and joint-venture deal in 2019 posting several solid intersections since then including 3m at 4.86 grams per tonne gold.

Shares in Venture Minerals vaulted over 30 per cent in intraday trading after the company doubled its rare earths portfolio through a new discovery at its Golden Grove North zinc-copper-gold project in WA's Mid-West. Results from a surface sampling campaign at the operation's Vulcan prospect graded up to 12.5 per cent total rare earth oxides and follow the recent detection at the company's Mount Lindsay project in Tasmania.

Terrain Minerals has made a significant land grab for a new 668 square kilometre package of base metals and gold exploration tenements in WA's Mid West region. The group of tenements will form its new Calytrix project 50km north of the company's Smokebush gold project. Two tenements have officially been granted and the approval of two more is expected by Terrain soon.

Rio Tinto's subsidiary Hamersley Iron and Golden Grove Operations have been fined a total of $110,500 for mining incidents, including a worker death.

About 80 workers are isolating at a BHP mine site in Western Australia's Pilbara region after a contractor tested positive to COVID-19.

A mining company with a major copper-zinc asset in Western Australia has listed on the ASX after raising $528 million.