Latest Diamond Drilling News

Koonenberry Gold has reported significant assay results from its fifth drill hole at the Enmore Project, confirming extended gold mineralisation and bolstering confidence in a large bulk tonnage system.

Gorilla Gold has expanded the King Kong gold lode at its Lakeview Prospect by 100 metres down dip and identified several new parallel mineralised structures through soil geochemistry, setting the stage for intensified drilling at Comet Vale.

Magmatic Resources reports promising drilling results at the Calais prospect within its Myall Project JV with Fortescue, hinting at a significant new copper-gold porphyry discovery. Further drilling is planned to refine the geological model and explore the system’s potential.

FireFly Metals has secured C$25.8 million through a Canadian bought deal and an A$46 million Australian equity raise to fund expansion and exploration at its Green Bay Copper-Gold Project in Newfoundland.

Desert Metals has confirmed several high-priority gold targets at its King Kong prospect in Côte d’Ivoire following extensive geophysical and auger sampling programs. A significant +5,000m diamond drilling campaign is set to begin in June 2025 to test these promising zones.

Centaurus Metals has reported significant high-grade copper intersections alongside extensive iron ore mineralisation at its Boi Novo Project in Brazil, underscoring the site’s growing potential. Ongoing drilling and metallurgical testing aim to unlock further value from this strategically located asset.

Caprice Resources has raised $7 million through a discounted share placement led by major Australian institutions, positioning the company to accelerate exploration at its Murchison Gold Projects and West Arunta Project.

Far East Gold has commenced a 36-hole diamond drilling program at its Idenburg Gold Project in Papua, aiming to expand its current 540,000oz inferred resource and validate a multi-million-ounce exploration target.

Advance Metals has secured approvals to expand diamond drilling at its Myrtleford Project, targeting extensions of high-grade gold mineralisation along the Happy Valley Trend. The program includes new holes at multiple prospects and follows impressive assay results from earlier drilling.

White Cliff Minerals has reported outstanding copper and silver assay results from its maiden drilling at the Rae Copper Project in Nunavut, setting the stage for an expanded multi-rig campaign and resource upgrade.

Australian Gold and Copper Ltd has completed its largest aircore drilling campaign at South Cobar, revealing two major gold-silver trends and setting the stage for further exploration success.

Metal Hawk Limited has expanded its gold mineralised footprint at Leinster South with new high-grade surface assays and is set to commence a significant drilling program supported by government co-funding.