Public Company News

Ardiden has sunk a golden hole in one with the maiden drill hole of its diamond drilling program at the Kasagiminnis project in Canada intersecting visible gold. The early hit bodes well for the current exploration program over the deposit and demonstrates that the company has a good handle on the controls of the gold mineralisation at depth. Drilling continues and is designed to significantly boost the current resource over the coming months.

Godolphin Resources has returned a couple of very encouraging gold hits from the first hole of a phase two RC drilling program at its Mount Aubrey gold project in the venerated copper-gold Lachlan Fold Belt province in NSW. Notable intersections from that hole were 3m going 7.41 grams per tonne gold from 99m including 1m at 21 g/t, and 7m at 1.52 g/t from 36m.

After successfully identifying and drilling a number of extraordinary, multi-commodity mineral deposits in Bosnia, Adriatic Metals has moved to lock up the wider mineral province around its key project areas. The company has now more than quadrupled the size of its ground holdings in the region and locked up most of the 25km long metal rich terrane.

Barton Gold has added to its management credentials with the key appointment of an experienced corporate executive as the Gawler Craton gold hopeful gears up for a possible IPO next year. Shannon Coates joins the Perth-based gold junior as Company Secretary with more than 25 years of experience under her belt in corporate law and compliance services to publicly listed companies across multiple jurisdictions.

Blackstone Minerals has continued its successful delineation of the Ban Chang sulphide discovery with ongoing drilling intersecting broad zones of nickel mineralisation. The company’s maiden drilling program across the prospect has outlined nickel mineralisation over more than 1.2km of strike with latest results including 9.60m at 0.84 per cent nickel and 14.65m at 0.74 per cent nickel.

Wiluna Mining continues full steam ahead in the expansion of its namesake operation in WA with the world-class gold deposit continuing to produce outstanding results from underground development drilling which has returned 5.96m at 112.98 g/t gold including 0.65m at an incredible 880 g/t gold. The company is poised to deliver more good news in coming weeks with an updated resource set to be tabled before the end of the month.

ASX-listed gold hopeful, Coziron Resources, has followed up a high-grade discovery drill hole at the Top Camp prospect at its Croydon project with an encouraging gold hit in what is fast becoming one of WA’s hottest gold exploration districts. The Perth-based gold explorer’s Top Camp discovery sits about 75km west-south-west of the distending Hemi gold deposit discovered by De Grey Mining in the Mallina region in the Pilbara.

ASX-listed gold explorer, Great Southern Mining, has taken a giant stride towards developing its historic Cox’s Find gold project about 65km north of Laverton in WA, appointing seasoned mining industry geologist and executive Sean Gregory as its new Chief Executive Officer.

PharmAust subsidiary Epichem has entered into a joint venture deal to develop a “disruptive” waste-to-fuels technology using biomass and feedstock. Under the 50:50 agreement, medicinal and synthetic chemistry group Epichem and new JV partner Obsidian Minerals will set up the Perren company with the aim of developing and commercialising the biomass/feedstock oxidative hydrothermal dissolution chemical process that can turn waste into fuels.

Adriatic Metals continues to rattle the cage in the Balkans, posting a 32 per cent increase in the tonnage of its emerging world-class Rupice silver deposit in Bosnia and Herzegovina. The resource for Rupice weighs in at an impressive 12 million tonnes with 149 g/t silver, 1.4 g/t gold, 4.1 per cent zinc, 2.6 per cent lead, 0.5 per cent copper and 25 per cent barite.

Ardiden has launched into drilling at the Kasagiminnis gold deposit in Canada. The company has dispatched internationally renowned contractor Major Drilling to the site with the rods now spinning under the watchful eye of Ardiden’s exploration manager, Dan Grabiec. The company is set to drill into the Canadian winter as it goes about drilling out a new resource for the deposit.

Venus Metals and Rox Resources have struck high-grade gold again in granite rock at the exciting Grace discovery at their historic joint-ventured Youanmi project in WA. The latest bonanza gold hits add to mounting evidence that a style of gold mineralisation not recognised at Youanmi previously has been discovered by the dynamic duo. The spectacular drill intercepts included 13m at 60.49 g/t gold from 177m including 4m at a cracking 191.56 g/t.