Latest Gold Exploration News

Arika Resources has uncovered new high-grade lodes at the historic Cosmopolitan and Champion mines, including a 19-metre intersection grading 7.99g/t gold. The discoveries headline a 9,000-metre drilling push backed by a $6.55 million placement and fresh government co-funding.

Peako has completed its Saudi Arabian gold portfolio acquisition and identified multiple high-grade surface targets ahead of a maiden RC drilling campaign expected to begin in November. The results are encouraging exploration signals, but remain rock-chip and historical drilling data rather than a mineral resource.

Pilbara Gold’s latest drilling has extended broad gold mineralisation as much as 200 metres below parts of its 2.1Moz Mt York resource, strengthening the case for an updated estimate ahead of a prefeasibility study. Roe Hills has also produced wide, high-grade hits, but both growth stories still depend on further drilling, assays and resource modelling.

Pantera Minerals has secured full ownership of the 470km² Corona Gold Project in Western Australia after receiving Ministerial consent and satisfying all completion conditions. The low-cost acquisition gives the company an 8km historical gold-in-bedrock anomaly and multiple untested auger targets, although the evidence remains unverified by Pantera drilling.

Alice Queen has reported a 68.0g/t gold interval from its Horn Island drilling, alongside broader high-grade zones inside the existing resource and mineralisation beyond its boundary. Nine assays remain pending, leaving the scale and continuity of the potential extension unresolved.

Zenith Minerals has identified gold in 20 of 24 Dulcie Central holes, opening the possibility of a maiden resource in a corridor outside its existing 675,000-ounce estimate. At the same time, Forrestania’s unconditional takeover offer has reached a 61.42% relevant interest in Zenith.

Axiant Resources has completed geophysical work that identified new, untested targets beneath and beside historical drilling at its Shoobridge Gold Project. The newly listed explorer held $6.1 million in cash at quarter-end and is preparing to begin its maiden drilling campaign.

Many Peaks Minerals has extended the tested depth of its Ouarigue gold system beyond 900 metres, with a post-quarter hole returning 188.9 metres at 3.58g/t gold. The results will feed an updated resource estimate and a combined open-pit and underground assessment, while the company’s A$20.1 million cash balance supports the next phase of work.

Yandal Resources has extended its high-grade Arrakis discovery with a 20-metre intercept at 8.7g/t gold, including 3 metres at 52.8g/t. The exploration momentum comes with a pressing funding requirement, as the company ended September with $3.29 million in cash and plans an equity raising during the December quarter.

Black Horse Mining has uncovered a previously unrecorded underground crosscut at Mt Egerton, where face samples returned more than 10 grams per tonne of gold over two narrow intervals. The discovery comes as a silenced drill rig begins testing the project, with A$4.41 million in cash supporting an estimated 5.46 quarters of funding.

Famien Resources has reported gold mineralisation in most holes from a 3,672-metre RC program at the Bonougbara Trend in Côte d’Ivoire. The explorer is planning geophysical work and follow-up drilling while expanding its permit portfolio and redirecting focus away from Western Australia.

Final assays from Zenith Minerals’ Dulcie Central drilling have confirmed gold mineralisation in 20 of 24 holes across a corridor excluded from the company’s existing 675,000-ounce Inferred Resource. The results now move the project towards a possible maiden resource estimate, although continuity and classification are yet to be established.