Public Company News

Mineral exploration company, PolarX has wrapped up a quartet of significant exploration programs in as many months at its Caribou Dome copper project in Alaska and its Humboldt-Range gold-silver project in Nevada. The company has confirmed visual mineralisation across a number of exploration programs and assays are now pending and will be highly anticipated across all four programs.

Superior Resources has intersected sulphide mineralisation in its first two drill holes targeting a large, induced polarisation anomaly at the company’s Bottletree Copper prospect within its Greenvale project in Queensland. The company believes it may be onto a potential porphyry system west of the induced polarisation anomaly indicated by an enormous 1.5 kilometre by 1km intense copper and gold soil anomaly coincident with a large magnetic feature.

Galan Lithium has tabled a stunning set of numbers in an economic assessment study that shows its Candelas lithium brine project in Argentina will make A$265m a year for 25 years for a net present value of A$1.7b at today’s USD exchange rates. The economic evaluation of Candelas adds to Galan’s nearby Hombre Muerto West lithium brine project where a 40 year mine life has already been envisaged.

Torian Resources will look to up the ante at its Mt Stirling Gold project near Leonora in WA after the first its batch of drill results from a 17,500 metre drilling campaign drew some enviable results. Hits from drilling at the Estera Lode at Diorite North included a 3m intersection grading 9.46 grams per tonne gold from 37m.

Strickland Metals has nailed its first pass drilling campaign at its Dusk til Dawn prospect in WA with a stellar first up result of 33m going 3.6 g/t gold. Strickland believes the maiden drill results confirm its new mineralisation modelling that could potentially boost the 109,000 ounce gold resource discovered by previous owners. It says up to 20 lookalike targets have now also been identified nearby.

Blackstone Minerals has intersected copper-nickel-cobalt massive sulphides in its first pass drill hole targeting a large, induced polarisation anomaly at its 100 per cent owned Jewel prospect in British Columbia. Significant copper, nickel and cobalt mineralisation has been confirmed by portable XRF examination of the diamond drill core and follow-up drilling is being planned to target extensions of the mineralisation discovered in the first drill hole.

Comet Resources has managed to produce industry standard “spherical graphite” in tests designed to determine if its Springdale Graphite Project in WA can supply graphite for lithium battery anodes. Following on from testing in 2019 and 2020, Comet says it has now navigated this challenge and the latest process has increased the yield of spherical graphite from 40 per cent to 60 per cent.

Trigg Mining has launched a gravity survey over its Lake Yeo sulphate of potash fertiliser project in WA. Via the survey, Trigg seeks to pinpoint drill targets and evaluate the project’s potential to represent a repeat of its nearby Lake Throssell potash deposit where a 21 year mine life generating $97m a year in EBITDA was recently estimated in a scoping study.

Venus Metals Corporation has tabled another batch of high-grade drill strikes adding to the company’s rapidly growing gold resource at its Link prospect within the Youanmi joint venture gold project in WA. Significant results from the latest round of resource drilling include a 3 metre hit grading 9.35 grams per tonne gold from 182m, 2m at 12.59 g/t gold 235m and 2m going 7.93 g/t gold from 279m.

Image Resources will pay $24m for Sheffield Resources’ 211 million tonnes of mineral resources grading 3.0 per cent total heavy minerals for 6.3 million tonnes of contained total heavy minerals. Image now has a binding agreement to pick up around eight exploration licences, three mining leases and one retention licence from Sheffield that will see the mineral sands miner effectively double its existing resource.

Kingwest Resources has drilled 107 holes at its Sir Laurence gold discovery near Menzies with significant “bedrock” mineralisation reported on every line over a 1km trend that remains open along strike and down dip. Diamond coring operations have commenced with initial results expected before Christmas. The company anticipates assays from a remaining 63 holes will also arrive in time for some holiday cheer.

Exploration company, Tambourah Metals is getting set to pump out the drill metres at its namesake gold project and its Cheela gold project in the Pilbara region after securing relevant ‘programme of work’ approvals from the WA Government. Historical drilling at the company’s Tambourah project returned multiple high-grade intercepts including a sublime 10 metres at 10.8 grams per tonne gold and an impressive 8m at 13.6 g/t gold.