Latest Gold Exploration News

Riversgold has agreed to acquire a 12-square-kilometre tenement surrounding its Northern Zone gold project near Kalgoorlie, opening the door to western extensions of known mineralisation. The A$1 million cash and share deal also creates a near-term funding requirement and adds royalties to the asset.

High-Tech Metals is preparing up to 7,500 metres of RC drilling at its Damsel gold deposit in Western Australia, where a 75,000-ounce resource occupies only a small section of a much longer mineralised corridor. The program is subject to final heritage approvals and will test extensions beyond the existing resource envelope.

Savannah Goldfields has paused Georgetown production after processing its available Big Reef ore, with mining not expected to resume until the second quarter of 2027. The company ended September with A$1.23 million in cash and remains reliant on a material financing transaction while its securities stay suspended.

Skylark Minerals has secured A$20 million in institutional funding, including a strategic A$5.1 million investment from West African gold producer PDI Gold. The capital will fund the next phase of exploration at Côte d’Ivoire’s Zaranou project, where the Inferred Mineral Resource recently reached 1.20 million ounces.

Rokeby Resources has secured $1.3 million through a placement and is seeking a further $1.7 million from eligible shareholders to fund resource estimation, drilling access and working capital. The raise comes at a discount and could materially expand the share count, while attaching options remain subject to shareholder approval.

Zuleika Gold will resume its exploration-led strategy after CZR Resources formally withdrew its all-scrip takeover offer. The company ended September debt-free with $42.1 million in cash and liquid assets, while assays and several drilling programmes remain ahead.

Gateway Mining has expanded its Cowza discovery to approximately 4.5 kilometres of mineralised strike and confirmed high-grade gold in fresh rock with a 41-metre intercept at 2.0g/t. A $45 million placement and $8.23 million securities sale left the explorer with $52.84 million in cash at quarter-end to accelerate drilling across Yandal.

Alice Queen’s first 20 Horn Island RC holes all intersected mineralised geological features, with assays returning grades as high as 68.0g/t gold and extensions beyond the existing resource boundary. Nine assays remain pending as the company prepares to assess whether the results can support a larger resource and advance its development case.

Riedel Resources has completed its transformation into a three-project gold explorer and is preparing to drill Cosmo in Western Australia for the first time since the 1990s. The company ended September with A$3.4 million in cash after a A$2.7 million equity raise, but its projected funding period is based on spending before the main drilling campaign begins.

Altair Minerals has reported gold in all six deep trenches at South Oko, led by a 10m interval grading 10.15g/t, while expanding Greater Oko and accelerating a fully funded drilling campaign. North Peters has also produced visible gold in core, although laboratory assays are still pending.

Paterson Resources has begun the next test of its Grace Gold Project, with a 9,200 metre drilling campaign targeting resource growth and a partial upgrade from Inferred to Indicated status. The ASX-listed explorer ended September with A$1.4 million in cash, no debt and a disputed contractor claim hanging over the balance sheet.

North Stawell Minerals has extended its Darlington gold system and sharpened its exploration focus, but the annual report carries a material uncertainty over the company’s ability to continue as a going concern. Cash fell to $701,960 as the explorer’s annual loss widened to $1.24 million.