Latest Gold Exploration News

Lachlan Star has extended shallow, high-grade gold mineralisation at New Waverley while identifying soil and magnetic anomalies across more than 4km of prospective strike. A project-wide RC drilling program is due to begin in late October, with the company holding $5.203 million in cash at quarter end.

Marvel Gold completed 3,951 metres of maiden RC drilling at Hanang in Tanzania, but mechanical problems and early rains may prevent it reaching the planned 5,000-metre first phase. The company exited its Mali joint venture while ending the quarter with A$1.96 million in cash and an estimated 2.55 quarters of funding.

GoldArc Resources has completed its acquisition of seven Niagara West and Niagara North prospecting licences, extending its contiguous Leonora South exploration corridor. The A$1.5 million upfront price was paid in shares, while a further A$1 million depends on future resource milestones.

Critical Resources has secured exclusivity to acquire 90% of a 29 km² Suriname exploration project just 4 km from Zijin’s producing Rosebel mine. The strategic land position expands the company’s prospective Suriname portfolio, but the project has no reported exploration results, resources or reserves.

Helix Resources has closed a $2 million placement to fund exploration across its Pilbara gold projects, but the issue still needs shareholder approval at an extraordinary meeting on 21 October. The deal adds 50 million shares and 50 million attaching options to the company’s capital structure.

Asara Resources has reported 21,638 metres of post-MRE drilling at Massan, including a narrow 108.4 g/t gold interval within a broader 14-metre intercept. The results could support further Indicated resource growth, while drilling has begun at the Sogosogoba satellite target ahead of a Kada feasibility study targeted for mid-2027.

Benz Mining has defined a 100-200 metre-wide mineralised system across the first kilometre of the 3km Icon trend, with stacked gold lenses continuing beyond 500 metres vertically. The results add weight to the company’s push for a maiden Glenburgh resource in Q1 2027, while leaving the critical question of true widths and resource scale unresolved.

Albion Resources has secured $1.8 million from sophisticated and professional investors to expand drilling at its Gidgee Gold Project, after an initial aircore hole returned a high-grade gold intersection. The raise will also support the planned acquisition of additional exploration ground, although further drilling is needed to establish continuity and scale.

Skylark Minerals has more than tripled the Inferred Mineral Resource at its Zaranou Gold Project in Côte d’Ivoire to 1.20 million ounces after 2026 drilling at M’Basso. The company has also signed a binding agreement to lift its project interest from 51% to 90% for US$1.2 million.

Sinclair Gold has extended gold mineralisation up to 230 metres beyond the northern Mt Henry resource boundary, including a 0.4-metre interval grading 122.7g/t. Drilling has also identified mineralisation 250 metres south of the main resource, with assays pending from 30 holes.

Falcon Metals has struck 12 metres at 2.8g/t gold from surface in the first hole at its Olsen Well prospect, including 4 metres at 4.7g/t. The result has confirmed bedrock mineralisation beneath a 5.8-kilometre soil anomaly, but four nearby holes were only weakly anomalous and the geometry remains unresolved.

Nordic Resources has agreed to acquire its fourth gold project in Finland’s Middle Ostrobothnia Gold Belt, where historical rock-chip samples returned up to 43.7g/t gold. The early-stage Jukulainen project has attractive surface results, but no drilling has yet tested the mineralisation’s depth, thickness or continuity.