Public Company News

After shedding its non-core assets to focus on the Dragon & Knight nickel projects in the Goldfields, Tyranna Resources is pulling out all stops to set some smart drill targets. The company said this week it has unearthed a trove of historical geophysical survey datasets that have led to at least two priority targets being identified at Lightning Gossan and the east-west trending regional dykes.

Horizon Minerals has encountered some fresh, solid gold hits at its Rose Hill project near Kalgoorlie as its first gold pour looms at the company’s Boorara project. Rose Hill, which is 35km west of Kalgoorlie, already boasts a 95,200oz gold resource. Best intercepts from three holes drilled in April were 3.4m at 17.92g/t gold, 3.7m at 9.77g/t gold and 2.5m at 3.16g/t.

Just a week after ASX-listed engineering group, Primero, became a substantial shareholder in unlisted, Gawler Craton-focused Barton Gold, Primero’s GM of Operations and Maintenance, Graham Arvidson, has accepted an invitation to sit on Barton’s board. Arvidson is a Mechanical Engineer whose fifteen years of mining industry experience will no doubt be put to use optimising Barton’s myriad of processing and mining options.

TNT Mines has been quick to get an early exploration team into the field at its promising new East Canyon uranium-vanadium project in the USA. The East Canyon project is situated in the Dry Valley, East Canyon District in Utah where the USA’s only operating conventional uranium mill resides. TNT’s share price has quadrupled since the start of last month in anticipation of a successful field season.

Middle Island Resources is set to build on its exceptional success at Sandstone with its Phase 2 drill campaign already underway. The new campaign comes hot on the heels of the company’s recent run of discoveries with five new gold deposits uncovered during Phase 1. The company is looking to upgrade its existing resources whilst keeping one eye firmly trained on even more new discoveries.

Ora Banda Mining’s turnaround of Eastern Goldfields Ltd’s Davyhurst gold project has been remarkable after the new owner this week racked up 2m ounces in gold resources. The company has posted an impressive 46% increase in the underground resource at Riverina, adding 139,000 ounces to the project that went onto care and maintenance after Eastern Goldfields went belly up in 2018.

Classic Minerals has fired up the drill rig again at its Kat Gap gold deposit near Southern Cross in WA with the dual aims of infilling its existing 92,856 oz resource and testing for extensions of the deposit. Classic will no doubt be looking to duplicate recent high-grade hits that returned double-digit grades up to a serious two ounces of gold to the tonne.

Calidus Resources has struck upon a bold growth strategy as it steams towards the development of its rapidly advancing Warrawoona gold project in the Pilbara. Drilling has kicked off at its flagship Klondyke deposit, targeting the rich inventory of gold speculated to sit below the existing resource.The company is scrubbing up a pipeline of resources to extend the life of the developing mine.

Blackham Resources’ Golden Age gold deposit at Wiluna is living up to its name, delivering some outstanding high-grade drill results. Underground drilling of the reef continues to produce impressive intercepts including 1.8 metres at 39.68 g/t gold, 2.6 metres at 21.74 g/t and 2.7 metres at 17.32 g/t gold. The company is getting set to deliver on its staged upgrade to start mining the sulphides.

Buru Energy has received an extra US$200,000 in cash for its share of the recent sale of crude oil from its Ungani oil field in Western Australia’s Canning basin. Buru’s third oil sale for the year originally settled in mid-May at A$1.2m, net to Buru, however contractual terms saw the final price tag upped by USD $200k due to rising oil prices throughout the month of May.

ASX-listed PharmAust Limited has produced some early stage positive results from laboratory testing of the effects of its anti-cancer drug, Monepantel, on the Coronavirus. The testing, which took place at the Walter and Eliza Hall Institute of Medical Research in Melbourne, showed suppression of the virus by between 50% and 95% after treatment by Pharmaust’s Monepantel.

Blackstone Minerals has vectored in on a new massive sulphide nickel vein at its Ban Chang prospect in Vietnam with two separate drill holes intersecting the vein 200m apart within metres of where its EM plate modelling says it should be. One hole intersected 1.05m of massive sulphides from 58.5m whilst the second hole hit 1.2m of massive sulphides from 87m down hole.