Latest Drill Campaigns News

49 Metals has confirmed and extended a high-grade gold feeder structure at its Gold Mountain project in Nevada, with drilling revealing significant gold mineralisation and promising signs of a larger epithermal system.

Koba Resources’ recent IP survey at the Stannex Prospect reveals robust chargeability anomalies aligned with high-grade tin mineralisation, setting the stage for an imminent 3,000m drilling campaign.

Rincon Resources has struck a $1.1 million joint venture deal with Maverick Minerals, divesting 90% of its West Arunta interest while retaining a 10% free-carried stake, freeing capital for its core Telfer South and Crackerbox projects.

Cobre Limited is progressing a major upgrade of its Sierra Atacama copper project in Chile, aiming to convert a large foreign resource estimate into a JORC-compliant Mineral Resource Estimate while launching a 40,000-metre drilling program targeting near-mine expansion and deeper sulphide mineralisation.

BOA Resources has appointed geologist Graeme Purcell as Managing Director following its acquisition of the Thaduna and Green Dragon copper deposits, setting the stage for a drilling campaign at Neds Creek.

Beacon Minerals has completed its largest drilling campaign to date at the Iguana deposit, delivering high-grade gold intercepts that underpin a forthcoming resource upgrade.

Tesoro Gold has accelerated its Definitive Feasibility Study and development readiness for the 1.82Moz Ternera deposit, forming strategic alliances and advancing financing plans.

Many Peaks Minerals has exercised its option to acquire 100% of the Baga Gold Project in Côte d'Ivoire after a comprehensive soil sampling campaign revealed extensive gold anomalies. A 14,000m auger drilling program is now testing multiple targets along a 16km gold corridor.

Nexus Minerals has completed assay reporting for 33 reverse circulation drill holes at its Clement Prospect, delivering strong high-grade gold results and confirming the system remains open at depth. The findings underpin plans for a maiden Mineral Resource Estimate within the broader Wallbrook project update targeted for September.

Great Boulder Resources has kicked off a major drilling campaign at its newly acquired Peak Hill Gold Project, aiming to rapidly expand a 481,000oz resource and fast-track capital-light production alongside its flagship Side Well project.

Somerset Minerals (ASX:SMM) has kicked off a $3.17 million capital raise combining a $2 million placement and a $1.17 million entitlement offer, aiming to advance exploration at its Coppermine copper project in Nunavut, Canada. The offer includes attaching options and management incentives, with participation restricted to shareholders in select jurisdictions.

Lachlan Star has kicked off an expanded 4,000m reverse circulation drilling program at its New Waverley gold project near Norseman, aiming to delineate and extend multiple high-grade quartz reef shoots within a 400m mineralised shear corridor.