Latest Gold Exploration And Development News

Turaco Gold has reported extensions to high-grade mineralisation across its Afema project in Côte d’Ivoire, with a resource update due in the December quarter. The company finished September with $47.4 million in cash as it moves towards a Definitive Feasibility Study targeted for the June 2027 quarter.

Prodigy Gold is drilling a deep, untested target at Hyperion while new ore-sorting results strengthen the case for a potential Old Pirate restart. The ASX-listed explorer is also relying on a fully underwritten A$7.92 million entitlement offer after ending the quarter with A$1.95 million in cash and only 1.9 quarters of reported funding.

Barton Gold has delivered more high-grade Tunkillia drilling, cleared an environmental approvals milestone and advanced feasibility work across its South Australian portfolio. The trade-off is a quarterly cash outflow of A$8.5 million, leaving 2.73 quarters of funding on the Appendix 5B calculation.

Strata Minerals advanced technical and environmental work at its Zelica Gold Project during the September quarter, while a 42,000oz maiden resource announced after quarter end gave the project a clearer development base. The company ended the period with A$1.4 million in cash and no debt, but remains pre-production and dependent on approvals, further studies and its BML Ventures partnership.

PC Gold has reported a run of thick, stacked gold intercepts at its 1.51Moz Spring Hill project, with five of eight diamond holes delivering best single intercepts of about 70 gram-metres or more. The results add momentum ahead of a targeted December Mineral Resource Estimate update, while coarse-gold sampling and pending assays remain important variables.

Aurum Resources has reported gold mineralisation outside the current resource at BST1 and BMT2, including a 57-metre intercept grading 2.34 g/t gold. The results will be assessed in an updated Boundiali resource estimate due by the end of October, ahead of a planned definitive feasibility study.

Aurum Resources has reported further high-grade gold at its BST1 deposit in Côte d’Ivoire, including mineralisation beyond the current resource that remains open at depth. The results will feed an updated Boundiali resource estimate due by the end of October and a definitive feasibility study targeted for late 2026.

Haranga Resources has opened its second Lincoln drilling campaign with a high-grade 32-metre gold intercept, including a 1-metre section at 51.4g/t. The result is encouraging for a resource-confidence programme, but the reported interval is downhole rather than true width and the campaign remains unfinished.

WIN Metals is positioning Radio as a potential near-term gold operation, but its A$1.99 million cash balance remains far below the estimated A$19 million funding requirement. Deloitte has highlighted a material uncertainty over the company’s ability to continue as a going concern.

Strata Minerals has established a maiden JORC 2012 resource of 42,000 ounces at its Zelica Gold Project in Western Australia, with 68% classified as Indicated. The resource provides a technical base for further drilling and development studies, but does not yet represent an Ore Reserve or confirmed mining operation.

Horizon Gold has reported its strongest Snook intercept to date, including 44 metres at 5.08g/t gold, as drilling points to deeper resource potential at Gum Creek. Results at Cobia and Alma May could also support maiden resources, although further drilling and technical work remain ahead.

Ballard Mining has secured A$45 million from institutional and sophisticated investors, giving its 1.84 million ounce Mt Ida project funding for drilling, infrastructure and development studies. A further A$5 million shareholder offer could take the raise to A$50 million, although the SPP is not underwritten.