Public Company News

Indonesian-focused explorer, Sihayo Gold has delivered more solid gold hits from regional exploration drilling at its namesake project in North Sumatra. New hits at its Hutabargot Julu target area include 10.2m at 2.5 g/t gold from 153m at the Penatapan epithermal vein gold and silver prospect. The company is seeking to unearth more ounces to add to an already impressive 1.5-million-ounce gold resource base.

Brightstar Resources has picked up some prime geological real estate contiguous to its current gold exploration land holdings near Laverton, boosting the company’s holdings in the region to a solid 300 square kilometres. The acquisition comes off the back of a recent $2.3 million placement that has given it enough funding to drill test its significant landholdings in the region.

ASX-listed gold and base metals explorer Godolphin Resources has fired up the drill rig and kicked off a fresh round of RC drilling at its high-grade Gundagai gold project in the renowned Lachlan Fold Belt in New South Wales. The company intends to plunge 11 holes into the project totalling 1,825 metres after an extensive review of historical data and rock chip sampling identified several walk-up drill targets.

Ora Banda Mining has now received all assay results from first-pass regional air-core and brownfields reverse circulation drilling programs conducted earlier this year at its Davyhurst project north of Kalgoolie. A spectacular 5m hit at almost an ounce to the tonne gold from 127m headlined the results at Victoria Workings approximately 300m north of the Mulline Rose pit.

Emu NL has unearthed a new high-grade gold discovery at the Watertank Hill gold prospect near Yalgoo in WA, representing a potential southern extension to its nearby Monte Cristo prospect. Significant gold hits at Watertank Hill include a 2 metre hit grading 9.94 grams per tonne gold from 51m including 1m grading a stellar 19.35 g/t gold from 51m.

ASX-listed Aldoro Resources says high grade rubidium and lithium has been showing up in rock chips collected from its Wyemandoo pegmatite prospect in Western Australia and rubidium values are comparable with the richest JORC compliant global rubidium deposit in Namibia. The anomalous assay data stretches over an area greater than 9km over four contiguous exploration permits which Aldoro has termed the Wyemandoo project.

DiscovEx Resources is onto some early signs of gold at its Sylvania project, 13 kilometres from Newman in WA after 90 per cent of assays returned from its phase two infill sampling program revealed several “kilometre-scale” gold anomalies with peak results of up to 0.5 grams per tonne. The company says the anomalies are coincident with favourable geology and it is now gearing up to complete additional infill and regional sampling.

Mineral exploration company, Great Southern Mining has commenced a moving loop electromagnetic survey that is looking to generate magmatic nickel sulphide drill targets across some 70 square kilometres of ground at its East Laverton nickel project in WA. The company believes the tenure to be prospective for hosting large nickel sulphide deposits geologically akin to several recent discoveries in WA, including the celebrated Nova-Bollinger discovery in the Fraser Range.

Quantum Graphite has wrapped up a diamond drilling program at its Eastern Conductor prospect near its Uley 2 resource in South Australia that it says is visually showing grades of up to 20 per cent in several drill cores. The program extends mineralisation to the east of the proposed Uley 2 pit that houses a 6.3m tonne resource grading a very respectable 11.1 per cent total graphitic content.

Buru Energy has been quietly weighing into the burgeoning hydrogen industry and has now amassed some 29,000 sq kms of ground in South Australia that it says is prospective for “natural” hydrogen. Better known for its Canning Basin oil and gas tenure, Buru’s hydrogen play in SA is unusual in that it is a naturally occurring energy source rather than a manufactured one.

Novo Resources has tabled several high-grade gold hits at its untested Genie lode-gold prospect, located within cooee of its operating Golden Eagle processing plant in the Pilbara. Best new intercepts include 8m at 4.6 g/t gold from just 26m. The new discovery may give Novo additional mill feed options at its nearby conglomerate gold mine as it awaits approval to mine the fresh rock from its Beatons Creek project.

Aruma Resources has received the tick of approval to drill its Mount Deans lithium-tantalum project after its “program of work” was approved for actioning. A heritage survey is now the final hurdle before Aruma can unleash a rig at the exciting WA lithium project. The project sits within WA’s ‘lithium corridor’ 120 kilometres south of Kalgoorlie that has previously identified spodumene mineralisation along 1.4km strike.