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Classic Minerals has reported highly anomalous cobalt results from an historical data review of its Rubys Reward prospect at the Fraser Range project near Kambalda. The assays of up to 0.14% cobalt define a continuous 300m trend that will be evaluated for its economic potential in coming months. The company will also re-evaluate the broader project area for additional cobalt mineralisation.

Classic Minerals has reported that exploration and resource drilling has commenced at its Forrestania gold project, south of Southern Cross. The program aims to upgrade mineral resources for the Lady Lila and Kat Gap prospects and target a new area at Van Uden West. The company also announced it had secured further strategic tenements in the area and is finalising drill approvals for Lady Magdalene

Classic Minerals has announced some encouraging high-grade gold drilling intercepts from the Lady Magdalene deposit at its Forrestania Gold Project. Results include 6.5 metres grading 3.30g/t gold, including 1m @ 9.52g/t gold. The results confirm the deposit contains cross-cutting, shoot style, high-grade gold lodes that are similar to the nearby Lady Ada open pit that was historically mined at 8.81g/t gold.

Classic Minerals has announced it has executed an MOU with Tianye SXO Gold Mining, who own the Marvel Loch processing plant, 100km north of the company's promising Forrestania Gold project. Classic has several potential sources of gold ore identified through its focus on the Lady Ada and Kat Gap deposits. The deal could provide a valuable stream of cash to support Classic's regional exploration play.

Classic Minerals appear to be on the brink of a major breakthrough at the Forrestania Gold project after diamond drilling backed up its theory about hidden high-grade, cross-cutting gold lodes at the Lady Magdelene deposit. New diamond drill holes have revealed quartz veins and narrow shear zones with the same characteristics as the high-grade gold lodes at the neighbouring Lady Ada deposit.

Revitalised gold explorer Classic Minerals is cashing up to fund more drilling at the Forrestania Gold project courtesy of a shareholder purchase plan offering investors the opportunity to top up their holdings at a 20% discount. The funds will go straight into the ground on further phases of drilling to follow up multiple, high-grade hits from the Forrestania Gold Project, near Southern Cross.

Classic Minerals has begun a drill program at the Lady Magdelene deposit in the Marvel Loch area with high hopes of finding a repeat of the high-grade gold that transformed the economics of the neighbouring Lady Ada deposit. The new program is the third phase of drill activity by Classic at its Forrestania gold project, which has already delivered multiple high-grade hits and sent the company's share price soaring.

High-grade gold intercepts by Classic Minerals at the Forrestania Gold project going over 2 ounces to the tonne, have confirmed high-grade extensions of two orezones and added to evidence of a large-scale gold system. The impressive results back up a new geological interpretation of the region by recently appointed CEO, Dean Goodwin, and pave the way for a resource upgrade.