Latest Drill Results News

Tennant Minerals has begun a multi-stage diamond drilling campaign targeting extensions and possible repetitions of its high-grade Bluebird copper-gold-bismuth discovery. The program tests an interpreted 1.5km structural corridor, but the Warrego-scale comparison remains an exploration target rather than an estimate of mineralisation.

Alvo Minerals has secured A$1 million from strategic and existing investors while reporting broad, near-surface dysprosium and terbium mineralisation at its Bluebush project in Brazil. The results strengthen the exploration story, but metallurgy, permeability and a maiden resource remain ahead.

Torque Metals has secured A$25 million from institutional investors to expand drilling and regional exploration at its Ritz Gold Project in Western Australia. The placement will lift pro forma cash to about A$32.7 million, but adds roughly 21% to the existing share count and leaves the company’s million-ounce ambition dependent on exploration results.

Black Cat Syndicate has reported a 9.86-metre gold intercept grading 27.38g/t at the Lynx lode, including 0.60 metres at 186.27g/t, while initial drilling 600 metres away at Raisebore supports a parallel mineralised structure. Neither target has yet been added to Paulsens’ Mineral Resource, leaving further assays and modelling to do before the scale of the discoveries can be quantified.

Hot Chili has reported broad, shallow copper-gold intersections at La Verde, including 188 metres at 0.56% CuEq and 240 metres at 0.43% CuEq. The results strengthen the geological case for a near-surface mining zone, but the discovery still has no Mineral Resource and 25 drillholes await assays.

PC Gold will acquire the last third-party mining leases inside its Spring Hill development area, adding a water licence and operating rights for A$6.5 million. The deal could simplify mine planning and approvals, but still requires Northern Territory ministerial approval and does not add a reported resource.

Metal Hawk’s Leinster South project produced its strongest drilling results yet, led by a 9-metre intersection grading 12.3g/t gold at the Numbat lode. But the FY26 annual report also flags a material uncertainty over going concern, despite a subsequent $1.2 million placement.

Kalamazoo Resources has secured A$10 million from a Saudi-led strategic investor and existing shareholder YT International at a 29% premium to its last close. The funding gives the Ashburton Gold Project more room to advance drilling, feasibility work and the Xanadu prospect evaluation.

Stellar Resources has intersected high-grade tin 150 metres north of its Severn resource, strengthening the geological case for a connection with the Montana deposit. Follow-up drilling is underway, but any resource or production uplift remains unconfirmed.

BOA Resources has extended a run of strong copper results at Ricci Lee, with high-grade intersections in 20 of 23 RC holes reported so far. The results support continuity in the Main Lode and point to a second Hanging-Wall Lode, while another 23 RC assays remain pending.

Barton Gold has completed its 38,760-metre Phase 2 drilling program at Tunkillia with a series of broad, high-grade gold intersections across planned starter pits. The results now feed into an updated gold Resource, followed by a silver update and pre-feasibility study targeted for the first quarter of 2027.

Auric Mining has completed settlement on the Union Jack gold project near Coolgardie for A$6.5 million in cash, with a further A$3.0 million in shares subject to shareholder approval. The 102,000-ounce Inferred resource will be tested by a major drilling campaign from November as Auric builds feed options for its planned Burbanks restart.