Latest Diamond Drilling News

Raiden Resources has extended its Phase 2 drilling program at the Vuzel Gold Project in Bulgaria, intersecting a visually distinct potential epithermal feeder zone and expanding near-surface gold mineralisation by 600 metres. Assays are pending to confirm the grade and nature of this promising discovery.

Piche Resources has expanded its Ashburton Uranium Project in Western Australia by applying for a new tenement adjoining its existing holdings, following strong 2024 drilling results that confirmed significant uranium mineralisation.

Krakatoa Resources secures $1.3 million via placement to fund a maiden diamond drilling campaign at its Zopkhito Project in Georgia, aiming to upgrade foreign resource estimates to JORC standards.

Aguia Resources Limited has reduced its Share Purchase Plan price to 3.6 cents and extended the closing date, while reporting promising initial drill results at its Santa Barbara gold project and securing a $4 million loan to kickstart phosphate production in Brazil.

Matsa Resources has reported significant high-grade gold intercepts from recent drilling at its Fortitude North project, reinforcing the presence of multiple stacked lode structures and expanding exploration potential.

Waratah Minerals has confirmed significant extensions to its Spur Gold Corridor in NSW, revealing high-grade gold intercepts and promising porphyry copper-gold mineralisation. The expanded drilling program aims to unlock further potential in this emerging gold discovery.

Estrella Resources has ramped up its manganese exploration at the Ira Miri Project in Timor-Leste with a more powerful diamond drill rig and a fresh supergene manganese outcrop discovery, setting the stage for an extensive drilling program.

FireFly Metals has filed a final prospectus for a C$25.7 million bought deal offering as part of a broader A$71 million equity raise to advance its high-grade copper-gold projects in Canada. The capital raise includes institutional placements, a charity flow-through placement, and a share purchase plan.

Canterbury Resources is set to drill a 900m deep hole at its Briggs copper project, testing a high-priority geophysical target that could reveal richer copper zones. Supported by a government grant, this move coincides with a scoping study aiming to unlock one of Australia’s largest undeveloped copper deposits.

Aurelia Metals has reported exceptional high-grade base metal intersections at its Federation West and Nymagee deposits, revealing new mineralisation lenses and promising targets for future exploration.

Strickland Metals reports robust drilling results at its Shanac Deposit in Serbia’s Rogozna Project, confirming and expanding high-grade gold and base metals mineralisation. The company’s well-funded exploration program continues to advance with multiple rigs active and assays pending.

Brightstar Resources is advancing underground development at its Fish Mine on schedule, aiming for first ore stoping in the September quarter while launching drilling programs to extend mine life and upgrade resources.