Latest Drill Targeting News

Polymetals Resources has boosted the Endeavor Mine’s Mineral Resource to 20.7 million tonnes, adding 1.3 Mt of high-grade sulphide mineralisation in the Upper Main Lode despite ongoing depletion and a more conservative density model.

Infini Resources has kicked off an extensive 5,000-meter diamond drilling campaign at its Portland Creek Uranium Project in Newfoundland, aiming to unlock a large hydrothermal uranium system revealed by recent geophysical surveys.

Azzuro Resources has identified nine high-priority geophysical anomalies at its Oval Cu-Ni-PGE project, expanding exploration potential with five drill-ready targets. Meanwhile, drilling at Copper Ridge intersected low-grade gold but no significant copper, refining the prospect’s geological understanding.

Corazon Mining has secured key gold rights over two tenements near its Chalice Gold Project, unlocking historic high-grade targets and extending its greenstone belt tenure to over 40 km. The acquisition dovetails with a recently defined Exploration Target, positioning Corazon for resource growth in a prolific WA gold district.

Dreadnought Resources has extended gold-in-soil anomalies at its Bordah prospect within the Mangaroon Gold Project to more than 10 kilometres in strike and 2 kilometres wide, unveiling two compelling new targets: a large-scale intrusion-related gold system and a stronger tungsten-in-soil anomaly than the nearby Nina tungsten target.

Codrus Minerals Limited posted a $1.41 million loss for FY26 as it confirmed gold and molybdenum mineralisation at Bull Run, rationalised its portfolio, and secured a binding acquisition of EdgeMet with a $2.5 million capital raise underway.

Clara Resources is set to kick off a maiden drilling campaign at its Mareeba Gold Project, marking the first drilling activity since the late 1980s. The program, fully funded by a $1.165 million placement, targets historic high-grade gold zones and aims to establish a maiden JORC Mineral Resource.

Mount Ridley Mines has secured an oversubscribed $2 million placement at $0.033 per share to fast-track technical work at its Grass Patch Project and advance the Selectro™ Process. Directors plan to add $100,000 more, pending shareholder approval.

Koonenberry Gold has identified compelling drill-ready copper and gold targets at its Wilga Flats Project near Evolution Mining’s Cowal Gold Mine, with drilling set to begin after Dunedoo operations conclude.

Turnstone Resources has secured A$1.1 million through a two-tranche placement priced at a premium to the last trade, aiming to fast-track exploration in Sweden and review German potash assets.

Tartana Minerals has initiated a comprehensive operational and strategic review following a board leadership change, aiming to unlock value from its extensive base and precious metals assets. Drilling is set to resume at the Nightflower silver project in October, while an independent review of the Copper Sulphate plant is underway amid minimal production in 2026.

Bass Oil’s Bunian 6 well in Indonesia has uncovered a previously untested third oil pay zone, set to triple production and boost field reserves potential.