Public Company News

Torian continues to uncover a swathe of decent gold grades across its Leonora-based Mt Stirling project revealing what it says looks to be one large connected ore system just eight kilometres along strike of Red 5’s four-million-ounce King Of The Hills gold mine. Notable intercepts include 10m grading at 2.05 grams per tonne gold from 34 metres and 1m grading 6.03 g/t gold from 3m.

Mineral exploration company, PolarX has staked an additional 15 claims in the heart of the historic US historic mining mecca state of Nevada. The company says it has now confirmed several large gold-in-soil anomalies at its new Black Canyon tenue, within its existing high-grade Humboldt Range where, amazingly past rock chip sampling returned multiple assays going more than 100 grams per tonne gold, including a spectacular peak value of 512.7g/t gold.

Aspiring miner Adriatic Metals has sealed a US$245 million finance package to fund the construction of its flagship Vares silver project in Bosnia and Herzegovina. The deal, which includes an equity raising of US$100 million, signals a major step in the advancement of the project which is still subject to delivery of a definitive feasibility study.

Altech Chemicals may have raised the stakes at its Kerrigan kaolin deposit in Western Australia’s Wheatbelt with the discovery of halloysite in its analysis of samples from last year’s aircore drilling program. Halloysite is a tubular type of kaolin that attracts a premium price because of its value for a range of specialist uses.

ASX-listed gold explorer Si6 Metals has strategically positioned itself to extend the strike of its Monument gold project in Laverton by kicking off a government co-funded 5000 metre air core drill program. The program is targeting high level intrusive gold deposits analogous to the seven-million-ounce Wallaby gold deposit, also in the Laverton tectonic zone.

ASX newcomer, West Cobar Metals has unleashed the drill rig for the company's highly anticipated maiden diamond drilling campaign at its Bulla Park copper and silver project on the western edges of the mineral-rich Cobar Basin in NSW. The program will kick off with three holes at its namesake prospect, targeting a major copper-silver stratabound mineralised system where historical drilling returned thick copper intercepts at the margins of the system.

Junior explorer Victory Mines has judiciously applied for an additional five exploration licences around its Mt Ida-Ida Valley project, which will now share a tenement boundary with celebrated fellow explorer Red Dirt's newly acquired Mt Ida gold project. Victory says northward extensions of the recently announced lithium bearing pegmatites on Red Dirt's ground may creep up into its new tenure.

Gold explorer, Torian Resources has wrapped up an unusual equity swap and advisory services arrangement with blockchain outfit BullionFX that recently listed its "BULL" gold-backed token on cryptocurrency exchange Digifinex. Under the agreement, Torian acquired a 7.5 per cent stake in BullionFX and is set to receive 15 million BULL crypto tokens. Torian says each BULL recently traded up at about US$0.85, valuing its stake in BULL at more than US$12 million.

King River Resources has made a key appointment to lead its newly formed High "Purity Metals Division" as the company looks to lay the groundwork for building a processing plant for high purity alumina in Kwinana. According to the company, newly appointed CEO, Doug Flanagan has a pedigree in delivering base and precious metal projects, rare earths and oil and gas projects in Australia, Zambia, Malaysia and Central and North America.

Okapi Resources has acquired additional high-grade uranium pounds adjacent to its existing tenure on a new mining lease executed with the State of Colorado. Okapi has secured a 100 per cent interest in 640 acres of prospective acreage around the High Park uranium deposit. Black Range Minerals previously established a JORC 2012 resource of 2.48 million pounds U3O8 at 570ppm U3O8 in the new project area.

Mineral explorer, Strickland Metals has secured a milestone 'Native Title Land Access and Mineral Exploration Agreement' with the Tarlka Matuwa Parku Aboriginal Corporation to cover the company’s entire Yandal gold project tenure in WA. Strickland says the agreement will fast-track its exploration efforts at the project that already boasts a resource base of about 600,000 ounces of gold, taking in a touch under 2,000 square kilometres.

Twenty Seven Co is set to kick off reverse circulation drilling at its 100 per cent owned Rover gold project near Sandstone in WA next week that will test recent stellar soil sampling results including a 1.15 gram per tonne surface gold sample. Drilling will also test some exciting intersections at the Harmonic and Creasy prospects to get a better understanding of the potential scale of the mineralised system around them.