Public Company News

Troy Resources is serving up a feast of high-grade gold intercepts at Karouni in Guyana, with drilling over the developing Smarts underground deposit continuing to deliver strong results. The company’s latest two drill holes, designed to test the extremities of the deposit, have returned assays of close to 13 g/t gold, with wider intercepts including 4m at 7.08 g/t gold from 172m and 3m at 6.58 g/t gold from 111m.

Great Southern Mining has flicked the switch on a possible near-term development of its Mon Ami gold project near Laverton in WA. The company is weighing up the economics of exploiting the project’s maiden gold resource via an open-cut mining and toll treatment operation and has launched the various technical studies that set it on the development pathway to gold production.

Blackstone Minerals’ aggressive drilling campaign continues across its Ta Khoa nickel-PGE project in northern Vietnam. The company has launched into diamond drilling at Ban Khoa, 1.5km north of its Ban Phuc operation, as it chases down new sulphide targets lit up by its geophysical team. Drilling also continues at King Cobra and Ban Chang in the wake of the company’s recently tabled scoping study.

Dampier Gold is zeroing in on a rash of gold targets at Menzies with recent auger drilling uncovering extensive surface anomalism adjacent to the historic mining centre in WA. Wide spaced sampling in the southern tenement area has begun to outline an anomaly that extends over more than 8km of strike and has returned values of up to 70ppb gold.

King River Resources has successfully trialled its streamlined high-purity alumina processing route, utilising a readily available commercial aluminium feedstock to create an HPA precursor product. Metallurgical test work is currently underway on both this new precursor and the original precursor, manufactured from the company's Speewah ores, to create 4N HPA products at 99.99 per cent pure alumina.

Dampier Gold Managing Director, Annie Guo, has put her hand in her own pocket in support of the company’s ongoing legal dispute with fellow ASX-listed explorer, Vango Mining. Under the terms of an agreement between Ms Guo and Dampier Gold, Ms Guo’s private entity Auracle Group will make up to $1 million available to Dampier to pay for its legal costs.

ASX-listed West Africa bauxite player, Lindian Resources, has been given the all-clear from the Guinean Government to finalise the acquisition of a 75 per cent interest in the massive, undeveloped Lelouma bauxite project in Guinea. The Perth-based junior will assume the 75 per cent stake in Lelouma’s overarching ownership vehicle, Sarmin Bauxite, and take over operational control of the project.

Hot Chili has returned to its headline stealing best, tabling yet another cracker copper strike from its Cortadera deposit in Chile. This latest colossal interval tips the scales at 373m grading 0.4 per cent copper and 0.1 g/t gold from 648m down-hole and includes a higher-grade core of 130m at 0.5 per cent copper and 0.2 g/t gold.

ASX-listed explorer, Oakdale Resources, has kicked off a maiden aircore drilling program at its Gibraltar halloysite-kaolin project on SA’s Eyre Peninsula aimed at confirming the extent of the mineralisation that was detected by historic shallow drilling. The company plans to drill 50 holes totalling an estimated 2,500m over its target area 15km north of Andromeda Metals’ Mount Hope kaolin-halloysite project.

Kingwest Resources has rattled off another set of bonanza gold drill hits at its historic Menzies gold project in WA. The company seems to be streaking towards a possible upgrade of the project’s overall mineral resource spread across a string of satellite deposits. Latest notable RC intercepts included 2m at 37.71 g/t gold from 63m and 1m at 56.54 g/t from 56m.

ASX-listed Victory Mines is off to a flying start at its Coogee gold project in Western Australia, with initial drill results from its maiden program over the prospect returning a bevy of high-grade gold hits including an eye-catching 8m at 13.53 g/t from 92m and 2m at 13.82 g/t gold from 102m down-hole.

ASX-listed gold explorer, Great Southern Mining, is ready to fire up the RC drill rig again at its historic Cox’s Find gold project near Laverton in WA. The company is chasing extensions of the high-grade Cox’s Find gold deposit to the south of the old workings at depth where recent drill intersections point to the possible reorientation of the orebody geometry.