Public Company News

Junior explorer Kula Gold has locked onto a new gold prospect known as “G-Star” at its Marvel Loch-Airfield project in the prolific Southern Cross goldfields in Western Australia. First pass auger drilling has revealed a gold anomaly striking over 2.2km which remains open to the northwest. Follow up sampling was completed during October with samples awaiting assay.

ASX-listed Calidus Resources maiden diamond drilling program at its recently acquired Blue Spec deposit has hit pay dirt returning 4.1m at 33.6 g/t gold including 1.1m at a whopping 100.7 g/t gold. The high-grade satellite gold resource is located 75 km’s from Calidus’ Warrawoona project in WA’s prolific Pilbara goldfield. Geotechnical and metallurgical test work is underway as the company works towards finalising a definitive feasibility study.

Barton Gold has discovered a 650 metre long shallow gold zone at its Tunkillia project in South Australia just three kilometres northeast of its 223 deposit that hosts a formidable 965,000 ounce gold resource. The newly coined “Area 191” prospect gave up a bundle of shallow hits in recent drilling including 3m going 3.45 grams per tonne gold from 55m and 1m grading 69.6 g/t gold from 68m.

Aldoro Resources has intersected the single thickest massive sulphide zone to date at its VC1 prospect within the Narndee Igneous Complex project located 90 kilometres south-southwest of Mount Magnet in WA. The 15.65 metre long hit included a 3.8m massive sulphide interval that broke into the footwall sequence that hosts favourable conditions for significant accumulations of nickel-copper sulphides, according to the company.

Empire Energy has commenced drilling a highly anticipated oil well in the Northern Territory’s Beetaloo Basin. The Carpentaria 2H well will test for oil in the Velkerri shales 200m downdip from Carpentaria 1. Carpentaria 2H is located 11km north of the Carpentaria 1 discovery well and will be drilled to 1,800 metres before turning south and drilling horizontally for one kilometre along the world-class oil rich Velkerri shales.

Mineral exploration company Legend Mining has launched a 3D seismic survey aimed at uncovering deeper drill targets at its exciting Mawson nickel, copper and cobalt discovery in the Fraser Range of Western Australia. Previous drilling at Mawson returned an assortment of serious nickel and copper hits including 31.1 metres at 2.80 per cent nickel and 2.04 per cent copper from 200.7m depth.

Canadian listed Novo Resources said it has identified multiple untested magnetic anomalies comparable to the gold-bearing intrusions at De Grey Mining’s extraordinary nine-million-ounce Hemi gold discovery. The new targets have been etched out of the northern sector of Novo’s 100 per cent owned Egina project in the West Australian Pilbara Craton. They were identified through a detailed aeromagnetic interpretation in conjunction with extensive soil sampling.

Manganese producer, Element 25 says a new shipping strategy will deliver a freight tariff reduction of 45 per cent from peak tariff rates for an upcoming shipment of manganese concentrate sourced from its Butcherbird mine in the Pilbara region of Western Australia. The company will now transport its manganese concentrate in a larger capacity Supramax vessel to lower the shipping costs.

Legend Mining appears to be on the cusp of a new nickel-copper discovery at its Rockford project in WA’s rich Fraser Range base metals province. Diamond drilling has intersected nearly ten meters of nickel-copper rich sulphides at the Northerly prospect in a mafic-ultramafic intrusion that is akin to the known fertile intrusions that host the revered Nova-Bollinger and Silver Knight deposits.

Soil sampling by WA explorer Kairos Minerals has outlined two high-priority lithium targets at the company’s Wodgina project in the Pilbara. One target stretches for a lengthy 1.7km and is supported by a nearby historical sample that returned 1.6 per cent lithium oxide. The project lies less than 3km from the “world class” Wodgina lithium deposit.

Mineral explorer Valor Resources continues to deliver the goods at its Picha copper and silver project in southern Peru. Recent channel sampling by the company at two separate areas has returned a 40.5 metre long surface channel grading 0.49 per cent copper at its Cumbre Coya prospect, with a 17.6m channel going 1.95 per cent copper also unearthed at the Maricate prospect some 500m away.

DiscovEx Resources has unveiled a series of potential walk-up drill targets across two of its gold projects in the mineral-rich Yilgarn Craton in WA. Soil geochemical sampling at its Edjudina project near Kalgoorlie has unearthed a suite of compelling drill targets, whilst auger drilling at the Newington project, some 65km from Southern Cross, has identified potential extensions to the Newfield Central and Dawsons high-grade quartz lodes.