Public Company News

Oar Resources has grown its Douglas Canyon gold project in Nevada by more than 60 per cent, as diamond drilling recommences to test mineralisation that previously yielded gold hits at 18 grams per tonne gold and 398 parts per million silver. The company is also aiming to lock in more acreage in the red-hot Julimar province near market darling, Chalice Mining.

Multi-element explorer Askari Metals is now spinning an auger drill in search of gold in Western Australia’s Wheatbelt region. It plans to sink and sample 328 holes across a four-kilometre strike distance at its Burracoppin gold project. The latest campaign aims to build upon a recent pass of soil sampling that yielded results of up to 2 grams per tonne gold.

Kalgoorlie Gold Mining or KalGold has launched a diamond drill program to further characterise gold mineralisation and to inform future JORC 2012 resource estimates. The move follows a string of successes at its La Mascotte prospect within the company’s flagship Bulong Taurus project near Kalgoorlie. An RC rig is also set to join the party in late April or early May to keep the campaign going.

Aldoro Resources has tabled the assay results for a pair of diamond drillholes prospective for nickel and copper at its V1 prospect, part of the larger Narndee project about 90 kilometres from Mount Magnet in Western Australia. The company says the program has confirmed the presence of the en vogue minerals in both drill holes.

Legend Mining has received positive modelling results from a 3D seismic survey carried out over a 6.5 square kilometre area of its Mawson prospect within the Rockford nickel project in the Fraser Range of Western Australia. The survey was undertaken by HiSeis and has shown a clear seismic signature of the Mawson discovery zone that looks to have a repeated offset position below the main target area.

Godolphin Resources has stretched its NSW ground after picking up a brace of exploration licences from the state government’s Department of Mining, Exploration and Geoscience. The company’s new tenure spans 160 square kilometres and is prospective for gold amongst other minerals. The pick-up adds to a portfolio of projects based around the revered Lachlan Fold Belt and sits amongst the explorer’s existing projects.

Multi-element explorer Tambourah Metals has been granted two tenements prospective for lithium, solidifying its Russian Jack project, 40km south of Nullagine in WA. The dual grant secures nearly half the intended final package, with the rest still under application. The company notes more than 320 square kilometres of the underexplored Split Rock super-suite is captured within the final project size.

Oil explorer 88 Energy is making progress as it drills towards the 8000-foot reservoir targets at its potentially company making Merlin-2 well in Alaska. The company is chasing a possible 652 million barrel of oil resource as the it follows up on its 2021 Merlin-1 discovery. Merlin-2 spudded on the 7th of March and has been drilled to 2,005 feet. The surface casing has been installed and cemented in addition to the blow out preventer being tested.

Aldoro Resources could be closer to discovering lithium after intersecting pegmatites across multiple levels at its Niobe project, about 70 kilometres from Mount Magnet in Western Australia. According to the company, the recently completed drill program punched out 65-holes and struck pegmatites in almost all of them, confirming historical results and closing the campaign on a high.

Gold-focused Classic Minerals has cleared the final hurdle in its race to develop the Kat Gap gold mine after receiving regulatory approval for its mining operations. With its mining proposal and closure plan now given the green light Classic can progress to full-scale mining. The company is continuing the mining of a 49,000-tonne bulk sample that commenced last year.

Metal Hawk and JV partner, Western Areas have significantly ramped up exploration, with a maiden diamond drill campaign at their Kanowna East project near Kalgoorlie intersecting 220m of nickel bearing ultramafic rocks near the well-endowed Poseidon owned Silver Swan nickel mine. Western Areas has a 75 per cent earn in agreement by spending $7 million over five years across Metal Hawk’s Kanowna East, Emu Lake and Fraser South projects.

Brisbane based polymetallic explorer Superior Resources has expanded its tenement portfolio to a massive 1,158 square kilometres of prospective nickel-copper-PGE ground at its Greenvale project located around 210 kilometres west-northwest of Townsville in Queensland. The company believes the newly granted exploration leases hold the potential to host Voisey’s Bay or Julimar-Gonneville style magmatic sulphide systems.