Public Company News

Aruma Resources’ maiden RC drilling campaign at its Saltwater gold project in WA’s Pilbara region has returned a cluster of encouraging gold sniffs that the company says may be the makings of what it calls a “new gold camp”. According to Aruma, assay results received for 37 holes of the 40-hole program point to a possible 4km strike length and the discovery of a potential gold camp on a “ring structure” at the project.

Eclipse Metals has taken control of the Ivittuut “cryolite” mine in Greenland, with the Minister of Finance, Industry and Mineral Resources approving the transfer of the exclusive exploration licence to the company, clearing the way for management to get “boots on ground” and kick off exploration in the coming field season.

A frustrating wait from assay labs gave way to satisfaction as in-fill and extensional drill results at Anglo Australian’s Mandilla project near Kambalda pointed to wide mineralised zones to the north of the project which remains open at depth and along strike. The company is now awaiting results from drilling at the Mandilla East zone before a short march to a maiden resource at project.

Image Resources is set to power up its 2021 mineral sands production at its Boonanarring project with the Perth miner meeting its 2020 guidance and retiring its outstanding debt. The company has already advanced its new year’s development schedule which boasts a growing pipeline of mineral sands production targets across WA’s Mid West region, stretching from Cervantes in the north to Gingin in the south.

White Cliff Minerals is set to resume its maiden RC drilling program this month at the historic Reedy South project 40km north of Cue in WA’s Murchison Goldfields. The company managed to churn out 38 holes for an aggregate coverage of 3,537m at Reedy South before Christmas and it is now looking to sink the final five holes totalling about 1,400m targeting depth extensions to the known mineralisation.

Kairos Minerals has returned a clutch of encouraging gold drill hits from a round of RC drilling at its Mount York gold project in WA’s Pilbara region. One of the more notable drill intercepts from the 16-hole program totalling 2,130m was 5m going 2.67 g/t gold from 60m including 3m at 3.78 g/t from 61m and 1m at 6.37 g/t gold from 63m at the project’s Old Faithful deposit.

With a fresh $20m in the vault, ASX-listed Northern Minerals has tabled the final results of the 2020 drilling blitz at its 100 per cent-owned Browns Range heavy rare earths project in WA. A total of 72 holes have tested several targets, confirming the existing resources at the Dazzler deposit and indicating the potential for new resource growth close by.

Impact Minerals has uncovered what it believes to be the most prospective targets in its entire portfolio at the Aspley copper-gold prospect in its Commonwealth project in NSW’s Lachlan Fold Belt. The company has prioritised the new targets and believes it is drilling for jam in a zinc doughnut. The anomalies were uncovered following a geophysical survey and the company has fast-tracked its drilling program.

Horizon Minerals has reeled off a swag of high-grade gold drill hits from another of its core satellite gold deposits that form part of its proposed Boorara gold production hub, 10km east of Kalgoorlie. Infill and extensional drilling carried out at the company’s Jacques Find gold deposit at the Teal gold camp returned bonanza shallow high-grade intersections including 19.2m at 12.53 g/t gold from 42m and 8m at 12.10 g/t from 60m.

Blackstone Minerals continues to strike nickel sulphides at the company’s King Snake discovery in Vietnam, with diamond drilling intersecting 19.55 metres of disseminated to massive sulphide mineralisation within the emerging high-grade vein system. This latest interval follows up on a raft of new intercepts from two electromagnetic targets identified below the high-grade discovery, with the sulphide lode appearing to thicken at depth.

Classic Minerals has returned a plethora of high-grade gold hits from a significant infill and extensional drilling program at its Kat Gap gold project about 170km south of Southern Cross in WA. Stand-out drill intersections were 3m at 12 g/t gold from 127m including 1m at 17.90 g/t, 2m at 9.45 g/t from 174m including 1m at 17.80 g/t, and 4m at 7.96 g/t from 77m including 1m at 20.90 g/t from 77m.

Pet owners have rallied to help ASX-listed PharmAust start to evaluate the effects of its newly formulated anti-cancer drug, Monepantel on dogs suffering from B-cell lymphoma in a planned phase IIb clinical trial. The Perth-based company, who hopes to further substantiate Monepantel’s tumour-reduction qualities, says several hounds have already been successfully recruited and have commenced treatment with Monepantel tablets.