Latest Drill Programs News

Melbana Energy is poised to resume 100% ownership of its Cuban Block 9 after its partner Sonangol defaulted on US$23.5 million in cash calls. Fresh seismic data and well results have refined reservoir understanding, derisking future drilling plans.

Terrain Minerals has completed a critical four-hole diamond drilling program at its Lightning Gold Project, securing key structural and density data that de-risks the upcoming maiden Mineral Resource Estimate scheduled for July 2026. The results confirm continuity of high-grade gold mineralisation, underpinning the project's transition from exploration to resource definition.

Sunshine Metals (ASX:SHN) has delivered strong final assay results from its extensive grade control drilling at Liontown, revealing multiple high-grade gold and silver intercepts that bolster the case for a resource upgrade and a revised mining study scheduled for mid-2026.

Peel Mining has agreed to sell its South Cobar Copper Project to Aeris Resources, while spinning off its remaining Cobar Basin assets into a new ASX-listed company, Spectre Metals. Exploration highlights from the Southern Nights Complex and Nombinnie Prospect underpin the growth potential of the new entity.

Diablo Resources has extended high-grade silver, antimony, and copper mineralisation at its Star Range Project in Utah, with assays hitting 534 g/t silver and 0.19% antimony. The company is advancing toward a maiden drilling program scheduled for Q2 2026.

High-Tech Metals has kicked off a 5,000-metre drilling campaign at its Mt Fisher gold project to unlock significant resource expansion potential. An independent review revealed that less than 60% of known mineralised intercepts are included in the current resource, highlighting substantial upside.

Golden Dragon Mining has kicked off a 2100m drilling program targeting high-grade gold zones at Behring Bore and Coodardy within its Cue Gold Project. Early results confirm strong mineralisation continuity, setting the stage for resource expansion.

Carnavale Resources has reinforced the high-grade nature of its Kookynie Gold Project with new drilling results, keeping its Bankable Feasibility Study on track for early Q3 2026 completion. The project’s robust economics and resource upgrades underpin growing investor interest.

DeSoto Resources has reported strong gold assay results from artisanal workings at its Timbakouna Project and extensive soil sampling across multiple permits in Guinea’s prolific Siguiri Basin, underpinning plans for follow-up drilling and geophysical surveys.

Neometals has secured A$7.9 million through a placement and launched a concurrent A$5.1 million entitlement offer to fund gold production at Barrambie and advance lithium exploration in Utah. The capital raise supports a near-term production joint venture and aggressive resource expansion.

Antilles Gold has ramped up construction at its Nueva Sabana gold-copper mine in Cuba, with a $35 million funding package in place and production slated for early 2027. The company is also progressing pre-development and exploration activities on multiple Cuban concessions.

Barton Gold's recent drilling at the Challenger Gold Project has revealed previously unmodelled high-grade gold mineralisation up to 170.7 g/t Au adjacent to historical open pits, boosting prospects for a low-risk operational restart.