Public Company News

Brightstar Resources has continued its run of solid drill hits at its flagship Cork Tree Well prospect near Laverton where ongoing gold intersections have confirmed the high-grade nature of the system. Notable intersections from the latest round of RC drilling include a 12 metre intersection grading 3.47 grams per tonne gold from 157m downhole and a 9m hit going 1.46 g/t gold from 178m downhole.

ASX-listed PolarX is gearing up to drill test further gold-silver prospects at its Humboldt Range Project in Nevada, USA, with a 3000m reverse circulation drill program planned to start in the next few weeks. Ten holes will test three targets in the Fourth of July claims, with another ten holes planned for targets at Star Canyon.

With the green energy revolution and particularly hydrogen gathering momentum at the same time that oil prices are enjoying a resurgence, many traditional oil and gas firms are conflicted in terms of priorities. The storage and sale of hydrogen is best undertaken by oil and gas firms and whilst many are attempting to dip their toe in the water, others are once again fixated on the burgeoning oil and gas price.

ASX-listed King River Resources is progressing its High Purity Alumina Project towards a May 2022 delivery of a definitive feasibility study for the proposed 2,000 tonne per annum HPA production facility. The company says global HPA demand is expected to grow at 30 per cent per annum until at least 2028 with high demand spread across the LED lighting, semiconductor and electronics, optics and battery industries.

Torian Resources has tabled further exemplary gold drill hits adding more value to a rapidly growing gold repository at its flagship Mt Stirling project, some 40 kilometres north-west of Leonora in WA. The latest set of results include a 19 metre section grading at 1.16 grams per tonne gold from 72m downhole with an internal metre going 3.53 g/t gold from 90m.

Gold explorer Meeka Gold has intersected laminated hydrothermal veins typical for gold mineralisation in all six diamond drillholes from a recent campaign at its Andy Well prospect within the Murchison gold project in WA. Meeka says the lode is typically between 10cm to 40cm in width and remains open at depth and along strike to the north and south as drilling continues.

Superior Resources appears to have tapped into the outer edges of a large, buried porphyry system at the company’s Bottletree copper prospect in Queensland. Assay results from the first of three diamond drill holes targeting an induced polarisation anomaly have returned a massive 552.5 metre intersection at 0.16 per cent copper with peak grades of 4m returning 1.32 per cent copper.

Cancer fighting biotech, Radiopharm Theranostics has taken full ownership of the intellectual property rights of three cancer-fighting nanobodies that target a range of solid tumors including breast cancer. Radiopharm had held the licence to use the assets in its studies, however following the purchase, it now has exclusive world-wide use of the technology that is used in the diagnosis and treatment in a range of cancers.

BMG Resources has seemingly upped the ante at its Abercromby gold project in the north-eastern Goldfields of WA after scooping a fleet of wide gold hits from a recent RC drilling campaign. The notable strikes are underlined by a series of scintillating results that include 6 metres at 19.8 grams per tonne gold from 83m with a 1m section grading 100.39 g/t gold at the same depth.

Gold and nickel explorer Tambourah Metals has lined up a drill rig to follow up a series of new significant gold targets identified through geophysical surveying and a historic data review at its flagship Tambourah gold project in the Pilbara. A review of the mineralisation at Tambourah by geophysical consultants using high resolution airborne magnetic data identified three potential targets in the area with plans for a 30 RC hole campaign underway.

Estrella Resources has delivered another set of nickel and copper sulphides at its blossoming T5 discovery located at the company’s Carr Boyd project near Kalgoorlie in WA. Estrella plunged a diamond drill hole below the discovery and intercepted a brace of separate of nickel and copper sulphide zones it says confirms the continuation of nickel-copper sulphides below the Carr Boyd mine’s old workings.

Aurum Resources has launched a 5,000 metre drilling assault at its Penny South project in WA targeting structural anomalies that bear similarities to the nearby, high grade Ramelius Resources’ owned Penny West and Penny North gold projects. The Penny West deposit produced 154,000 tonnes at 18.0 grams per tonne for 89,000 ounces gold in the 1990’s and Aurum plans to sink 18 holes into its project attempting to home in on the most prospective areas of the tenure following up earlier work.