Latest Gold Exploration And Development News

WA Gold has completed seven diamond drill holes at Abercromby, advancing its resource definition and feasibility study toward a potential gold mining operation with assay results due this month.

Nexus Minerals has acquired Northern Star’s remaining 10% stake in the Pinnacles Gold Project, boosting its ownership to 100% and ending the joint venture. The deal includes a 1.5% net smelter return royalty payable to Northern Star, with an option to buy back part of it.

Medallion Metals has validated broad, shallow gold mineralisation at the Teddy Bear deposit within Forrestania, alongside promising stockpile grades that bolster its early production plans.

Zenith Minerals has reaffirmed its board's unanimous recommendation for shareholders to accept Forrestania Resources' off-market takeover offer, which includes a premium valuation and follows Forrestania's recent $310 million capital raising and strategic acquisition of the Edna May Gold Hub.

Santana Minerals has reported strong high-grade gold intercepts from initial infill drilling at its Rise and Shine deposit, bolstering confidence in the early-stage open pit mine plan and supporting upcoming financing efforts.

Odyssey Gold has lifted the Cable Deposit resource at Tuckanarra to 158,000 ounces of gold, with a significant upgrade in confidence ahead of its Stage 1 Scoping Study, underpinning its development ambitions in Western Australia’s Murchison Goldfields.

Kalamazoo Resources has completed a substantial drilling program at its Mt Olympus deposit, delivering high-grade gold intersections that bolster confidence ahead of an updated Mineral Resource Estimate and ongoing Pre-Feasibility Study.

Torque Metals has significantly expanded its Paris Gold Project resource, reporting a 67% jump in contained gold ounces to 253,000 oz at a robust 3.8 g/t grade, underpinning an aggressive growth strategy targeting a million-ounce resource within two years.

Hammer Metals has received a non-binding proposal from Austral Resources to acquire 100% of its shares via a scheme, coupled with a demerger of its WA gold assets into a separate entity valued at 8.7 cents per share.

GoldArc Resources has recorded its best grade control drilling results yet at the Mt Stirling Well deposit, reinforcing its resource model and advancing mine planning towards regulatory approval for mining commencement.

Odyssey Gold’s latest drilling at its Cable deposit within the Tuckanarra Project confirms high-grade gold continuity and resource expansion potential, underpinning its staged development strategy.

TG Metals is progressing a scoping study for a heap leach operation at Van Uden, highlighting a higher grade initial production phase and strong metallurgical recoveries that could underpin near-term gold output.