Public Company News

Hot Chili has reported shallow, high grade copper drilling results from its maiden RC drilling program at the El Fuego project area in central Chile. Assays showed intersections up to 19m @ 2.0% copper from 61m depth and 15m @ 1.7% copper from 80m down-hole at the San Antonio copper mine prospect. The ore system strikes over 700m and has a higher grade plunge component.

Artemis Resources has beaten Rio Tinto to a 600km2 exploration licence application that is located just 40km east of Newcrest Mining’s Telfer copper-gold mine in Western Australia’s Pilbara region. The prospect, which will take Artemis’ Pilbara landholdings up to about 2400km2, also hosts the northern extension of the same geological structure that hosts London listed Greatland Gold’s Haverion copper-gold discovery.

ASX listed explorer Emu NL has found traces of a gold monster in northern Chile after it drilled through a 163m gold mineralised system, albeit at low grades at this stage. The company has discovered a substantial, epithermal precious metal system at its Vidalita prospect in the lucrative Maricunga precious metals belt and the hunt is now on for the mother lode.

Northern Minerals expects to officially open its Browns Range rare earths pilot plant in Western Australia on the 27th of July 2018 and it has already produced a rare earth carbonate as part of the commissioning process. The pilot plant will investigate the technical and economic feasibility of a proposed full scale operation and will run for up to three years.

Classic Minerals has teamed up with CSIRO to study the potential correlation of large tree sizes to major gold deposits at the Forrestania Gold Project in Western Australia’s Goldfields region. The Australian Government’s Innovation Connections grant and CSIRO will fund the majority of the six month project that could allow rapid generation of new targets without ground disturbing exploration in the future.

Draig Resources has discovered high grade gold mineralisation from deep exploratory scout drilling below the historical Bellevue gold mine near Leinster in W.A. Results include 2.5m @ 13.1g/t, 1.4m @ 9.6g/t and 0.3m @ 35.9g/t gold and are strongly supported by down-hole EM surveys showing off-hole conductors. The 800m long shear zone is interpreted to be an overlooked offset position from the original Bellevue ore lode.

ASX listed Legend Mining will pepper the southern part of its promising Rockford project in the Fraser Range with 150 aircore drill holes totalling about 10,000m. The fresh program will target a number of exciting looking electromagnetic conductors and other aeromagnetic/gravity features in the at the Project. Legend is planning to carry out further exploration at the Area D Prospect following geophysical, geological and geochemical data hits.

Artemis Resources has received a key safety approval for the installation of a new gold circuit at its Radio Hill processing plant near Karratha, W.A and it is now only waiting on the environmental and final licence approvals to start installation. The full capital and installation cost of the Gekko circuit and gold room equipment remains on budget at about $3m.

Myanmar Metals has identified distinct zones of unexpected cobalt, nickel and copper mineralisation at its Bawdwin deposit in central Myanmar by reassessing drill sample assay data returned over the past 12 months. Best results include a 27m intersection grading 0.16% cobalt, 0.84% copper and 1.74% lead from 164m. This included 5.5m @ 0.39% cobalt, 3.25% copper, 116g/t silver and 1.03% nickel.

Northern Minerals is carrying out 5000 metres of drilling to test seven interesting looking prospects at its Browns Range heavy rare earths project in W.A. The company’s goal is to increase the expected mine life at Browns Range from 11 years to more than 20 years. The company is on track to bring its pilot plant, the only dysprosium producing operation outside China, into operation this quarter

The super impressive drill results just keep rolling in for newly listed Adriatic Metals in Bosnia including a new 66m intersection going 2.1g/t gold, 158g/t silver, 2.3% copper, 8.6% lead, 12.8% zinc and 37% barite from 210m down-hole. It took a little while but the market is now all over Adriatic with the company’s share price tripling just three months after listing on the ASX.

Tyranna Resources has announced that nine additional zones of mineralisation have been modelled from a large number of gold intercepts found in an historical database at its Weednanna project, near Whyalla in S.A. Results up to 9m @ 25.1g/t gold from 7m depth and 7m @ 21.2g/t from 125m down-hole were identified. The company also said that a maiden resource estimate will be reported soon.