Public Company News

Si6 Metals has unlocked a flurry of new high-quality untested anomalies through interpretation of recent audio frequency magnetotelluric survey data at its Maibele base metals project in Botswana. The company is utilising a variety of ground geophysical techniques designed to target deeper mineralisation that it plans to test with RC and diamond drilling once required approvals are in place.

Valor Resources has extracted a handy $5.4m from the market to throw at its Canadian uranium projects as it ramps up exploration activities amid strengthening uranium prices. The Perth-based explorer is knee deep in a flurry of exploration activities as the uranium price is spurred on by increased global demand for yellow cake.

Godolphin Resources has unveiled a suite of previously overlooked mixed metals and significant gold from a re-interpretation of soil samples pulled from its Lewis Ponds gold project in NSW. The company says its latest venture has led to the identification of more gold with coincident copper, barium, bismuth, molybdenum, tellurium and lead south of its main mineral resource.

Great Southern Mining is ploughing nearly 8,000 metres of aircore drilling into the Amy Clarke gold prospect within its Duketon tenements in Western Australia. Drilling is aimed at seeking out the source of a 4km long gold in soil anomaly that the company says exhibits uncanny similarities in size and tenor to Regis Resources nearby 2.1 million ounce Garden Well gold mine.

Bardoc Gold has nailed down a tranche of high-grade gold hits at depth that sit outside of the current underground resource at its Zoroastrian gold deposit near Kalgoorlie in Western Australia. Significant hits from recent drilling include a 7.22m section grading 3.45 grams per tonne gold from 214.9m downhole with a 0.2m super high-grade parcel grading a bonanza 166g/t gold, or over 5 ounces to the tonne.

Mineral explorer, Estrella Resources continues to hit nickel and copper sulphides at its enthralling T5 discovery located at its Carr Boyd project near Kalgoorlie in WA. A step-out diamond drill hole below the T5 discovery has intercepted three separate zones of nickel and copper sulphides, including a new mineralised zone where a 3m interval grading 1.76 per cent nickel and 0.66 per cent copper was returned.

Metal Hawk has mustered up a flock of high-grade gold strikes from its maiden RC drill campaign at its Kanowna East project just 8 kilometres from Northern Star’s 5 million-ounce plus Kanowna Belle gold mine. Amongst the assay results revealed were a 4m section grading a formidable 17.8 grams per tonne gold from 75m including a 1m parcel going a stellar 42.7g/t gold from 76m downhole.

88 Energy is gearing up to tap its Merlin-2 well at Project Peregrine in Alaska’s North Slope after pinpointing a spot from a trio of initially permitted locations. The Merlin-2 appraisal well is targeting 652 million barrels of oil with an independent geological evaluation giving it a better-than-even chance of success. The project stretches across almost 200,000 acres of land and is proximal to some bumper historic oil finds.

ASX-listed Aldoro Resources has the drill rig at the ready having received encouraging assay results from its recent sampling program over the Niobe East, Niobe Southeast and Breakaway pegmatites in WA. Almost 50 rock chips were collected with assay results confirming rubidium and lithium prospectivity beyond the Niobe main pit. Aldoro says it is now geared up and ready to unleash the drill rig once a heritage survey is completed.

Horizon Minerals is clearing a path towards a potential spin-off of its Richmond-Julia Creek Vanadium oxide project 400km east of Mt Isa in northwest Queensland having signed a process deed with JV partner, unlisted-Richmond Vanadium Technology. Under the terms of the potential deal Horizon’s 25 per cent interest in the Richmond-Julia Creek vanadium project will be demerged into a dedicated vanadium focussed IPO.

ASX-listed Okapi Resources has boots on the ground at its high-grade Rattler uranium project in Utah, USA with the Perth-based company’s first-pass exploration checklist at Rattler to include a detailed review of historical workings, geological mapping and rock chip sampling. Okapi anticipates wrapping up field work by the end of the year ahead of a drill campaign earmarked for early in the new year.

Junior explorer, Torian Resources has commenced a major 17,500m drilling blitz at its Mt Stirling gold project near Leonora in WA. The campaign will test multiple regional gold targets, including recent discoveries, whilst also looking to lift the company’s existing 100,000 ounce plus Mt Stirling inferred resource to the higher confidence indicated category. An updated mineral resource estimate is anticipated to follow early in the new year.