Public Company News

Junior explorer Aurumin has intersected multiple pegmatites with indications of lithium after RC drilling at the company’s Mt Palmer gold project in Western Australia. Anomalous lithium and pathfinder elements were uncovered in the first-pass drilling, with up to 370 parts per million lithium detected across several samples in Aurumin’s 12-hole program.

Aruma Resources hopes history repeats with a fresh diamond drilling program to add to its huge gold hits in March that reached 224 grams per tonne from the Salmon Gums gold project in WA’s eastern Goldfields. Other eye-popping RC drill cores from its maiden program graded above 50 g/t and 83 g/t gold.

Ongoing work at Asra Minerals’ Mt Stirling project in the eastern Goldfields region of WA has delivered another stunning set of high-grade gold intercepts that has also extended the operation’s mineralisation down-dip. The Perth-based company says recent drilling at the Estera prospect has delivered some of its best results so far across the operation’s southern tenements.

Brightstar Resources has hit the ground running with its latest drilling program at its Cork Tree Well project, near Laverton in WA’s northern Goldfields, as it bids to expand its JORC-compliant resource. The gold developer reports drilling is averaging more than 200m a day and eight holes have already been completed at the Delta 2 prospect.

Valor Resources’ recent decision to add the 60 square kilometre Charaque project to the company’s portfolio in Peru is paying off with high-grade silver hits more than 900 grams per tonne from rock and soil samples. Other strong results from its existing Picha project 30km away has spurred Valor to kick off a 5000m first-pass diamond drilling program across its prospective acreage.

Perth-based Cyclone Metals has sealed a binding exclusivity agreement with Ewaah Cameroon on a “world-class” cobalt-nickel-manganese land package in the central African region. The deal gives the company the right to procure 100 per cent of the issued capital of the Camdu Corporation, a subsidiary of Ewaah, that has applied for a mining permit covering the prospective ground.

Middle Island has unveiled a couple of drill-ready targets at its Crosswinds copper prospect in the Northern Territory after a five-line Induced Polarisation survey at the site. The company says the zones are supported by ground-based gravity work and regulatory assessments are the only thing standing in the way of an imminent probe.

Perth-based Surefire Resources NL has tabled encouraging geochemical anomalies from its recent drilling at the Yidby Road gold project in WA’s Mid West, adding they represent a potential new gold disc

King River Resources will begin RC drilling at its Tennant Creek gold project in the NT at the weekend, focusing on the Kurundi Main prospect where recent rock chip samples returned gold hits. Multiple samples at the prospect returned results of up to 17.25 grams per tonne gold along a 2km mineralised trend that has never been explored.

WA explorer Meeka Gold is expanding its rare earths project by adding 33 per cent to its Circle Valley landholding in the Albany-Fraser province soon after reporting high-grade rare earths oxides hits at its Cascade project only 50km away. In addition to rare earths, the acreage contains two major regional shear zones, both highly prospective for Tropicana-style gold mineralisation.

ASX-listed Blackstone Minerals has landed a new massive sulphide discovery with portable-XRF readings of up to 20 per cent nickel at its Flagship Ta Khoa nickel project in northern Vietnam. Several nickel targets have been identified at the project including massive and semi-massive and net-textured sulphides. The standout results saw a 2.95m intersection of sulphides, with portable XRF readings indicating the presence of up to 20 per cent nickel.

Superior Resources has potentially unearthed a significant copper system at its Bottletree copper prospect, part of its larger Greenvale project near Townsville in Queensland, after assays returned a 632m copper hit within a remote section of an interpreted porphyry structure. The news was not lost on the market with Superior’s share price up 60 per cent at one point during the session on heavy turnover from the previous close.