Public Company News

St George has announced a new intersection of massive nickel sulphides at its Mt Alexander project, near Leonora in W.A. The 6.25 metre drilling intercept from 67.2m down-hole contained an impressive higher grade zone of 3.34m @ 5.5% nickel and 1.7% copper using XRF analyses. The result, which extends the known mineralisation, successfully targeted an off-hole electromagnetic anomaly that was not detected at surface.

Auroch Minerals has announced that it has generated 17 interesting looking base metal and gold exploration targets by reinterpreting old geophysics data at its Bonaventura project on Kangaroo Island, southwest of Adelaide. Three priority, high grade zinc targets will undergo surface geophysics ahead of the drilling programs with the new targets broadly coinciding with recent high-grade surface sampling.

ASX-listed Connected IO is set to roll out its wireless, modem-like devices in Australia and New Zealand as part of a deal with Internet of things distributor M2M Connectivity. The inaugural shipment paves the way for local product trials ahead of a potential roll out in the two countries leveraging M2M’s existing relationships in the telecommunications and electronics industries.

New geophysical work by Auroch Minerals has identified potential base metal horizons striking over tens of kms at its new Arden project in South Australia. The encouraging results have prompted Auroch to fly a high resolution aeromagnetic survey to sharpen target definition ahead of a maiden drill program in the September quarter. Samples taken from old workings went 7% zinc and 10% copper.

BlackEarth has reported very encouraging graphite assays from its maiden drill program at the Maniry project in Madagascar. Results up to 36.7m @ 8.8% total graphitic carbon from the Razafy prospect attest to the high grade nature of the ore deposit. The program outlined continuous graphitic lenses 900 metres long and up to 50m thick from surface. Testing is underway to determine the quality of the product.

Southern Gold’s decision to swoop on a number of abandoned gold mines in South Korea in 2016 is paying off handsomely, with grab samples from historically blasted rock at the old Kochang mine returning up to 17.4 g/t gold. Southern’s partner in the project estimates that the broken rock could be processed for as little as $US60/tonne and yield a profit of around $US750/ounce.

Middle Island Resources is about to lock in an option agreement over the sale of its Reo gold project in West Africa on significantly improved terms that will give it an immediate 8% stake in a Canadian gold explorer worth A$675k and A$200k in cash. If the option is exercised, Middle Island will bank a further A$200k in cash that no doubt will come in handy for the company's exploration activities in W.A

Emu NL has announced the discovery of a new gold target at its Jotahues project, within the strongly mineralised Maricunga precious metal belt in Chile. A recent soil geochemical sampling program at the Peon 4 prospect showed a 600m wide and 1.2km long anomalous zone of coincident gold, silver, copper, mercury and lead assays, which can be typical fingerprints for an epithermal gold system.

Kalia Limited has announced it will commence a highly anticipated exploration program on its porphyry copper-gold tenements on the PNG Island of Bougainville, after funds from a $3m secured loan facility were released this week. The company will invest the capital in completing a detailed aerial geophysical survey program over its tenement holdings in Bougainville and improve site facilities to support ongoing exploration activities.

Anglo Australian’s Kalgoorlie gold play is hurtling headlong towards a maiden resource after multiple successful passes with the drill rig produced gold intersections going up to 6 ounces to the tonne just 14km from the super pit. The project is located on the Norseman-Wiluna Belt which plays host to a number of major deposits including the 3moz New Celebration and 15m ounce St Ives gold mines.

TNG has been granted environmental approval for its Mount Peake vanadium-titanium-iron project near Alice Springs in the N.T. The company is finalising its mining agreement with the Central Land Council with the project mining lease expected to be granted shortly. TNG has indicated that a final investment decision for the $853m Mount Peake project is anticipated in the middle of 2018.

Classic Minerals has announced a new gold discovery at the Van Uden West prospect at its Forrestania gold project, south of Southern Cross. The best result of 12m @ 5.75g/t gold from 59m down-hole is open along strike and down-dip. High grade results were also reported from both the Kat Gap and Lady Lila prospects in exploration that confirmed the orientation of the gold mineralisation.