Latest Gold And Base Metals Exploration News

Right Resources has upgraded Rising Sun and Midnight Star to high-priority drill-ready gold-copper targets after revisiting three decades of historic data at its New England Project in NSW.

Dome Gold Mines (ASX:DME) is raising up to AUD 2 million through unsecured convertible notes to accelerate its Sigatoka feasibility study, mining lease application, and copper-gold exploration amid rising metal prices.

Venus Metals Corporation (ASX:VMC) has fortified its balance sheet with a $47 million sale of its Youanmi Gold Project royalty, rebuffed a hostile takeover, and set in motion significant shareholder returns including a $35 million cash dividend.

Middle Island Resources has reported strong Phase 2 drilling results at its Bobija project in Serbia, revealing an extensive shallow gold-silver-base metal system. Soil sampling at Tisovik further highlights large polymetallic targets with high-grade antimony, supporting a carbonate replacement deposit model.

Legacy Minerals delivers a robust scoping study for Mt Carrington with A$514 million pre-tax NPV, confirms a new gold-silver discovery at Mascotte, and advances multiple drilling programs across NSW projects.

CZR Resources has launched a recommended takeover bid for Zuleika Gold, backed by a robust $65 million cash position and promising drilling results at its Croydon Gold Project.

Strickland Metals has boosted its Rogozna Project mineral resources to 9.25 million ounces gold equivalent, driven by a 50% increase at the Gradina deposit and a maiden indicated resource at Shanac. Metallurgical tests confirm strong gold recoveries, while drilling delays at Shanac temper near-term exploration progress.

Miramar Resources has doubled its gold Exploration Target at the Gidji JV near Kalgoorlie and completed its first drilling program at Chain Pool in over 60 years, while finalising the sale of Randalls Project and securing government grants to fund ongoing exploration.

Talisman Mining’s latest drilling at Sheepyard reveals broad shallow gold zones over 800m, signalling a large-scale system. New CEO Todd Ross takes the helm amid active exploration and $3.09 million cash.

Pacific Resources (ASX: PXR) has secured 100% ownership of the Snowstorm Gold Project, a high-grade asset in Victoria’s Eastern Goldfields, while progressing due diligence on a strategic Victorian portfolio and reporting encouraging assay results from its Tasmanian projects.

Cazaly Resources has confirmed high-grade gold mineralisation at depth in Western Australia's Goongarrie Gold Project and secured ground access for a detailed magnetic survey in Namibia’s Abenab North project, maintaining a solid cash position of approximately $4.5 million.

S2 Resources secured new tenements, completed heritage and aeromagnetic surveys, and obtained drilling approvals across WA, NSW, and Victoria, maintaining a robust cash position of A$18.57 million.