Latest Gold And Silver Exploration News

Terrain Minerals has completed a $1.65 million placement and entitlement offer, but still has $856,872 of shortfall securities available to place. The funds are supporting an 86-hole Lightning drilling campaign aimed at upgrading the project’s mineral resource in Q2 2027.

Piche Resources has identified more than 19 new epithermal structures at its Cerro Chacón project in Argentina, including a 2km vein and rock-chip results of up to 10.41 g/t gold and 553.42 g/t silver. The next test is whether those surface signals translate into a coherent mineralised system at depth.

Great Northern Minerals has secured permits and a drilling contractor for an approximately 2,000 metre maiden RC campaign at Iron Butte, where four undrilled chargeability anomalies sit around an existing inferred resource. Douglas Creek has also produced three or more new targets, but both projects remain at the exploration stage and will need drilling to validate the geological interpretations.

Northstone Resources has completed its Barje infill program in Serbia with results that challenge the historical interpretation of the deposit, including a 36-metre intersection at 5.85 g/t AuEq. The company is now balancing an expanded exploration campaign and development work against $3.7 million of cash and a reported 1.61 quarters of funding at the latest spending rate.

Nelson Resources is preparing to drill up to 15 underground diamond holes at its high-grade Orleans Mine in Nevada, following assays of up to 113.5g/t gold and 3,840g/t silver. The exploration push is advancing, but the company ended September with A$1.285 million and an estimated 1.6 quarters of funding at its reported spending rate.

BMC Minerals has reported high-grade polymetallic drilling near its proposed Yukon mine, alongside a US$8.6 million quarterly operating cash outflow and five quarters of funding at current spending rates. The company also detailed the secured Wheaton financing arrangement that underpins part of the KZK project’s funding position.

Terrain Minerals has begun preparations for its largest-ever drilling program, with 86 reverse circulation holes planned across the Smokebush project in Western Australia. The 10,905-metre campaign will test both the existing Lightning resource and seven new exploration targets, but no new exploration results have yet been reported.

Discovery Alaska has secured commitments for a A$900,000 placement and says Boulder Creek is ready for drilling, but its reported cash balance covers only about 2.07 quarters at the latest spending rate. The company is also progressing its proposed Cuddingwarra acquisition, with several key steps still requiring approval or completion.

Piche Resources has extended the mapped footprint of its Cerro Chacón epithermal system in Argentina, with surface rock-chip samples returning up to 10.41 g/t gold and 553.42 g/t silver. The results support continuity between La Javiela and Toro Hosco, but drilling is still needed to test grade continuity at depth.

Altitude Minerals is abandoning its Byrock copper-gold earn-in after disappointing assays and redirecting exploration towards drill-ready silver and gold targets in Nevada. The pivot comes with $817,000 in cash, 1.5 quarters of estimated funding and further capital still to be secured.

SQX Resources Limited (ASX:SQX) has emerged from a transformational year with two advanced US gold projects, broad shallow mineralisation at Red Bird and exceptional underground assays at Williams. The exploration gains came alongside a $1.83 million loss, falling cash and a further $2.47 million capital raising completed after year-end.

Riedel Resources has completed the equity-funded acquisition of the Cosmo and Mt Venn gold projects, expanding its exploration portfolio beyond Arizona. But the annual report carries a material going-concern uncertainty, leaving future drilling dependent on further capital and execution.