Public Company News

BMG Resources is wasting little time following up on some prior spectacular gold hits at its Abercromby project near Wiluna with a dual exploration play at the site now in full swing. The program will see the explorer recommence diamond drilling at its high-grade Capital prospect and probe a series of nearby structural targets using an aircore rig.

ASX-listed Venus Metals and joint venture partner Rox Resources have tabled a whopping 1.34 million ounce resource upgrade taking their total Youanmi gold resource in WA to the magical 3m ounce mark. The resource upgrade equates to a significant 156 per cent increase following a seven month period of intensive infill and extensional diamond drilling for approximately 35,000 metres at the Youanmi Deeps deposit.

ASX-listed Altech Chemicals is pressing ahead with its development of a high-purity alumina coating plant for lithium batteries in the German state of Saxony after its 75 per cent owned subsidiary, Altech Industries Germany, exercised an option to purchase a 14-hectare industrial site. The company says its newly acquired ground is an ideal location for the 10,000 tonne per annum HPA plant.

Godolphin Resources is punching 700m of diamond drilling into its 100 per cent owned Gundagai South gold project in NSW where it is targeting sheeted quartz veins and porphyry dykes at its Surprise Hill North and Big Ben prospects. The company is restarting operations at the Gundagai North and Gundagai South projects after unseasonable adverse weather events across NSW called a halt to exploration in late 2021.

Nickel explorer Estrella Resources has decided to sell its nickel rights over its Spargoville project located approximately 25km west of Kambalda in WA. After receiving several unsolicited offers the company has engaged Geolithic Geological Services to handle the sale process and it is now planning to concentrate its exploration efforts on the company’s flagship Carr Boyd nickel project.

Torian Resources has clocked up a string of shallow gold intercepts adding to a burgeoning arsenal of strikes at its flagship Mt Stirling project, some 40 kilometres north-west of Leonora in WA. The latest set of results include a 24 metre intersection grading 2.02 grams per tonne gold from 10m downhole with an internal 3m section going 7.09 g/t gold from 17m.

WA-based explorer St George Mining has announced new high-grade targets at its flagship Mt Alexander project after a seismic survey turned up large intrusion structures prospective for nickel sulphide. The company says the area has the potential to host significant volumes of mineralisation and has taken no time to fire up the rig with drilling already underway on the first of five fresh targets.

ASX-listed explorer Strickland Metals has intersected a flurry of gold hits at its Dusk til Dawn prospect in WA that extends mineralisation down-dip following a series of successful strikes at the same prospect late last year. A remodelling of the current 108,900 gold ounce resource is now underway at the prospect where the company believes it will add substantial gold ounces to the resource base.

Surefire Resources could be gearing up for a busy year after drilling at the Yidby Road gold project scooped up a legion of wide gold hits. The best results included a 13 metre intersection running 1.33 grams per tonne gold from 234m including a 2m section grading 3.88 g/t gold from the same depth. The project lies adjacent to the over one million-ounce Minjar gold project in WA.

ASX-listed Image Resources has wrapped up most of the acreage in its deal to bolt a sought-after package of tenements into its Mid West WA minerals sands business. The deal adds further expansion opportunities to the company’s development plans for its Atlas and Bidaminna deposits. Under the agreement, Image is paying $24 million out of cash reserves to add more than 230 per cent to its total mineral resources.

American West Metals has launched a maiden drilling campaign at its West Desert zinc-copper-indium deposit in Utah, USA. The program is aimed at expanding the known historic mineralisation by drill testing the continuity of a suite of high-grade zinc and copper hot spots. The company says the results will be fed into a mineral resource estimate and used to assess the potential of an open pit mining operation.

Superior Resources has chipped significant gold from historic prospective outcrops at Windmill East and Origin, 210 kilometres west of Townsville in central Queensland with grades as high as 65.92 grams per tonne gold. The company says the results from its first entry into the old Pancontinental prospects are a sign it could be on to a mineralised system significantly larger than previously thought.