Public Company News

Venus Metals has received positive assay results for a raft of minerals from an RC drill campaign across its Pincher Well zinc-lead-copper-gold prospect including a 3m hit at a whopping 35.2 grams per tonne gold. The outstanding gold intercept was contained in a 9m section going 15.6 g/t gold from surface at Pincher Well that forms part of the company’s Youanmi base metals project about 500km north-east of Perth in WA.

Northern Minerals has tabled a 47 per cent increase to its Wolverine deposit mineral resource near Halls Creek in WA that now sits at 6.44 million tonnes at 0.96 per cent total rare earth oxide for 61,492 tonnes of TREO. The update follows an independent review by mining consultancy group CSA Global

ASX-listed Zuleika Gold is expanding its presence in the highly prospective Goongarrie district of the WA Goldfields, inking a farm-in agreement with fellow WA explorer Olympio Metals. Zuleika must spend $400,000 within three and a half years to earn up to 80 per cent of a tenement adjacent to its own Goongarrie project, 90km north of Kalgoorlie.

Aruma Resources has unleashed its drill rig for a maiden 26-hole RC program at the company’s Melrose gold project in WA’s Pilbara region as it looks to probe coincident geochemical and structural targets backed by historical gold hits. The first pass drill test will consist of about 3000m of drilling across the project’s Gossan Hill prospect and is expected to take two weeks to complete.

Kairos Minerals has hit pegmatites in the first hole drilled at its Lucky Sump prospect where the company is hunting lithium with a 16-hole RC campaign near its Mt York gold project in the Pilbara region of WA. The initial hole intercepted a 5m pegmatite hit whilst an additional two holes also recorded pegmatite intervals between 2m and 3m.

Cyclone Metals is poised to drill into its Nickol River project in WA after pulling some exquisite gold nuggets from test pits it says confirms the presence of a gold-bearing quartz reef system at the site. The work extends a solid run of form that has seen the explorer unearth specimens grading up to 712 grams per sample setting the stage for a highly anticipated drill program.

Surefire Resources has completed a little over 5km of infill drilling at its Victory Bore project with all the early signs suggesting the company could be set to add to what is already a monster vanadium resource in WA’s Mid West region. The RC infill drilling covering 1.4km of strike was designed to upgrade confidence in the resource and provide samples for metallurgical test work to feed into the company’s ongoing pre-feasibility study.

Mineral developer Adriatic Metals is ramping up construction at its Vares high-grade silver project in Bosnia and Herzegovina as it moves towards opening its namesake underground mine and processing plant next year. The company says the project is now 45 per cent complete and has used the European summer to accelerate the development of the site’s surface infrastructure, process plant and haul road.

ASX-listed Emu NL is expanding its search for rare earths with exploration applications for projects in WA at Condingup and another near Merredin to add to its recent Georgetown project pick up in Queensland. A single Geoscience WA sample from one of the two tenements at Condingup, near Esperance, returned elevated levels of total rare earth oxides of 1047 parts-per-million whilst two GSWA samples from Merredin showed rare earth element levels of 1381 ppm and total rare earth oxides of 1000 ppm.

Recent RC drilling by Brightstar Resources at the company’s Cork Tree Well gold project 30km north of Laverton in WA has delivered high-grade extensions along strike from the project’s existing 252,000-ounce gold resource. Among an array of significant strikes a single hole returned standout intercepts of 5m going 9.46 g/t from 103m and 4m running 2.56 g/t from 168m.

Mineral explorer Valor Resources has appointed highly experienced exploration executive Robin Wilson to the role of Technical Director as it looks to beef up the company’s core skills. Wilson brings over 30 years of global exploration experience in many critical mineral commodities with a particular focus on uranium.

WA oil producer Triangle Energy has formalised a deal to reduce its stake in the Cliff Head Joint Venture partnership shared with ASX-listed Pilot Energy. The company currently owns 80 per cent of the project but has agreed to sell off half its rights for $1 million – a sum projected to hit its coffers by the second quarter of next year, pending a government review of the duo’s proposed carbon capture and sequestration plan for the site.