Public Company News

Around-the-clock diamond drilling by St George Mining at its evolving Mt Alexander base metals project in WA’s north-eastern Goldfields is starting to pay off, with recent results confirming deeper massive nickel and copper sulphide mineralisation at its exciting Investigators prospect. Two large step out holes, which were completed to test deep electro-magnetic conductors, intersected a range of sulphides at previously unexplored depths.

Legend Mining has revealed that massive sulphide mineralisation has been intersected during diamond drilling at its D5 conductor, located at the Rockford project in the Fraser Range of WA. The company intersected an almost 10m wide zone of significant nickel-copper sulphides from 110.3m down-hole and the diamond rig will now move onto the D1 conductor. The company says that D1 is a very strong, discrete geophysical feature.

PolarX’s suspicions that it might be sitting on a significant porphyry-style copper-gold-molybdenum mineralised system at its Alaska Range project in the US appear to have been confirmed by the first diamond assays returned from the Mars prospect. Whilst still early days, if this proves to be the case, the Perth-based company may one day find itself rubbing shoulders with some of the world’s largest copper miners.

A furious diamond drilling campaign at its namesake gold project near Leinster in WA, could see Bellevue Gold become the newest member of the exclusive two million gold ounce club. At the Tribune prospect, impressive assays include 9.6m at 14.1 g/t gold from 107.9m, 3m at 33g/t from 162m, 1.9m at 29.3g/t from 58m, 5.2m at 5.4g/t from 203m and 0.6m at 273.5g/t gold.

Youanmi Gold Project joint venture partners, Rox Resources and Venus Metals, have hit the ball out of the park with their latest RC drilling results, returning some stunning, near-surface hits – including 5 metres at an amazing 4 ounces to the tonne gold from surface, 1m at an extraordinary 591.89g/t gold from just 3m and 0.5m at a whopping 1058.49g/t , all in the same bonanza hole.

Emerging tech player, K2fly, has inked a lucrative $1.45 million contract with mining heavyweight, Rio Tinto, for its innovative software technology. The small cap listed company will now roll out its specialist “RCubed” mineral resource governance software across 20 Rio sites around the globe. K2Fly’s RCubed software is an innovative peice of mining technology that manages the most valuable of a client’s primary assets – its mineral resources.

Adriatic Metals has tabled a lovely set of numbers for its poly-metallic Vareš project in Bosnia with the ASX-listed company saying that its new scoping study shows a stunning, AUD$1.37b net present value for the zinc-silver-lead-gold-barite project. Amazingly, payback of the AUD$260m CAPEX is expected to be just eight months after commencement of processing with the project showing a very respectable post-tax internal rate of return of 107.4%.

WA-based explorer, Middle Island Resources, has added another notch to its exploration belt by becoming a first mover in the Northern Territory’s unexplored East Tennant province, where it has so far been awarded six out of 10 exploration licences covering part of its proposed Barkly “super-project”. The company is now confident East Tennant is, like the well-established Tennant Creek mineral field to the west, hosting IOCG ore bodies.

Green energy innovator, ClearVue Technologies, has consolidated its position in the global renewables sector after securing a lucrative manufacturing and supply agreement with Taiwan’s BeyondPV Company that will significantly boost its hopes of full commercialisation of its unique solar window glass. The Taiwanese group is interested in ClearVue’s advanced Insulated Glass Unit technology that is used in windows and building facades to convert sunlight into energy.

Blina Minerals has hit the ground running at its recently acquired Barkly copper gold project in the Northern Territory’s rich Tennant Creek mineral province. The explorer has launched a six-hole RC program that will focus on a 600m copper anomaly overlaying a zone of gold-copper-bismuth at the Bluebird prospect. Given this target is largely under cover, the company is confident it may have been overlooked by previous explorers.

Northern Minerals has kicked off an RC drill campaign in search of rare earths at its Brown’s Range project in the East Kimberly of Western Australia. The company is confident that its new targets are underpinned by strong predictive science and will sink approximately 4000 meters of RC into the Gambit West and Cyclops deposits whilst undertaking more regional drilling at the Rouge target, located about six kilometres along strike from Dazzler-Iceman

Hammer Metals, has hit the nail on the head with some striking first pass aircore results from Target 1 within the 14km long Orelia trend at its Bronzewing South gold project. Results include 4 meters grading 2.40 grams per tonne gold from 16 metres downhole and point to an emerging discovery for Hammer who has now identified a 500m long gold mineralised trend at Target 1.