Public Company News

Mako Gold has taken significant strides towards delivering a maiden mineral resource estimate for its joint-ventured flagship Napie gold project in Cote d’Ivoire in the first half of next year following yet another clutch of encouraging high-grade and broad gold drill hits at the Tchaga prospect. One of the more notable assays was 10.26m grading 4.76 g/t gold from 76.5m including 1m at 32.49 g/t or more than one ounce to the tonne.

Legend Mining continues to deliver wide intercepts of nickel sulphide mineralisation at its Mawson discovery in WA’s venerated Fraser Range. Assaying of the massive sulphide intercept from drill hole RKDD023 returned an imposing 24.7m at 1.35 per cent nickel and 0.77 per cent copper. The results seemingly confirm the company’s visual estimates from the logging of the drill core as exploration continues across the prospect area.

White Cliff Minerals is poised to almost double its footprint around the historic Reedy South gold project in WA’s Murchison goldfields, picking up the adjacent Cracker Jack gold project in the process. Cracker Jack adjoins the company’s existing Reedy South tenements and has been the subject of historical drilling. It has also applied for a nearby exploration licence that, if granted, will expand the overall Reedy South project area to 272sqkm.

TSX-V-listed aspiring Pilbara gold producer, Novo Resources, has unearthed a new gold-bearing conglomerate reef discovery at its developing Beatons Creek gold project adjacent to Nullagine in the East Pilbara following a mapping and surface rock chip sampling program. The Vancouver-based company says the Skyfall prospect is situated about 2km south-west of the existing 900,000-ounce Beatons Creek conglomerate-hosted gold resource.

Barton Gold is planning a rapid return to drilling at Tarcoola in South Australia with recent exploration delivering a bounty of high-grade intercepts begging to be followed up. The company’s ongoing drilling program has begun to delineate the western extensions of the Perseverance orebody, whilst drilling below the open pit has been returning intervals grading at more than an ounce per tonne gold.

ASX-listed Canada-focused gold explorer, Ardiden, has sniffed out encouraging high-grade gold hits from a diamond drill program designed to probe deeper into the Kasagiminnis deposit at its Pickle Lake gold project in north-west Ontario. According to the Perth-based company, drilling results continue to demonstrate extensions to gold mineralisation and gold grades strengthening at depth.

ASX-listed Australian Bauxite has taken a significant step towards the eventual shipping of “metallurgical-grade” bauxite having lodged a mining lease application for its Sunrise bauxite project 115km south-west of the Port of Bundaberg in Queensland. The application covers the proposed $15 million development of Sunrise that incorporates the high-quality gibbsite-rich trihydrate Binjour bauxite deposit.

Wiluna Mining Corporation has posted a bumper resource upgrade with the company’s ongoing drilling campaign having now defined a colossal global resource of more than 8 million ounces of gold. This wealth of mineralisation extends over the entire Wiluna field, from the Matilda deposits in the south through to Galaxy in the north and also hosts a higher-grade core of mineralisation that tips the scales at an impressive 4.24 million ounces, averaging 4.89 g/t gold.

Terrain Minerals has the ball rolling again with a rig on the ground drilling at its Wild-viper project in Western Australia. The company has locked in plans for more than 2,500m of aircore at the gold project, which is designed to follow up on results from its August 2020 drilling program and to test several new zones of mineralisation.

Oakdale Resources has revealed some tantalising results from its maiden drill program in Nevada with the first diamond drill hole at its Lambarson Canyon gold project intersecting primary epithermal gold mineralisation below 243.54m down-hole.

Barton Gold has upped the ante in South Australia as it charges towards a listing on the ASX, this week appointing both brokers and advisors to oversee its Initial Public Offering. The company is also moving its gold focused exploration program across the Gawler Craton into high gear, working across its three project areas in SA and expanding its resource inventory as it tightens up development plans for 2021.

King River Resources is vectoring in on high-grade gold prospects in the Northern Territory after uncovering buried ironstone host bodies in two drill holes on its ground. The holding, east of Tennant Creek, has produced anomalous assay results pointing to iron oxide-copper-gold indicators. The discoveries are coincident with gravity and magnetic anomalies which typically signal copper-gold-rich mineralisation in the region.