Latest Drill Targets News

FMR Resources has identified a strong induced polarisation anomaly beneath historical artisanal workings at its Esperanza prospect in Chile, marking it as a priority drill target. The result is encouraging, but remains an early-stage geophysical signal pending 3D modelling, fieldwork and drilling.

Australian Critical Minerals says one extended drill hole at its Flint project in Peru has strengthened the case for a near-surface epithermal system and a deeper concealed porphyry target. The interpretation remains conceptual, with no economic-grade intersections or mineral resource reported.

Bass Oil has set out a growth plan spanning Indonesian oil production, a planned Vanessa gas restart and development of its Kiwi discovery in South Australia. The strategy offers several potential catalysts, but much of the upside remains dependent on funding, approvals and execution.

Ballymore Resources has reported its strongest Torpy’s intersection yet, with shallow drilling returning 580.4g/t silver, 25.88% lead, 10.08% zinc and 8.7g/t indium over 2 metres. The result extends mineralisation 40 metres up-dip and supports the company’s emerging high-grade shoot model, although the project remains at the exploration stage.

Magnum Mining has confirmed broad shallow TREO enrichment across the 8.3 km² Feirinha target in Brazil, led by a 15-metre interval grading 2,190 ppm. The result is encouraging, but recoverability and mineral continuity remain untested as the company shifts to laboratory work.

Emperor Energy has signed a term sheet to secure the Valaris 107 jack-up rig for its Judith-2 appraisal well, targeted for April 2027. The deal commits US$3.5 million before the full drilling contract is finalised, while environmental approval remains outstanding.

Titan Minerals has extended high-grade gold-silver mineralisation at its Dynasty project in Ecuador and reported broad infill results that could support resource classification upgrades. The company is adding drilling capacity ahead of a Mineral Resource Estimate and Scoping Study targeted for the first quarter of 2027.

Diablo Resources has exercised its option over 101 patented claims covering the historic Horn Silver Mine in Utah, bringing its broader 202-claim, 13.2 square kilometre project package together. The company will now rank targets, advance permitting and prepare for a maiden Horn Silver drilling program in 2026.

Caspin Resources has identified an 800-metre tungsten soil anomaly at Taylors Hill, where historical drilling returned high-grade tin and tungsten intersections. The results broaden the Bygoo Project beyond its established tin focus, although the strongest evidence remains untested historical data.

Daly Resources has begun systematic soil sampling at the Hot Spring zinc target in the Northern Territory, using surface geochemistry to refine drill locations ahead of maiden diamond drilling. The target lies along the same structural corridor as the HYC and Teena zinc deposits, although no mineralisation has yet been identified at Hot Spring.

Paterson Resources is set to start an extensive drilling campaign at its Grace Gold Project, aiming to upgrade its 200,000-ounce inferred gold resource and extend high-grade mineralisation along a 1.3km strike in the Paterson Province.

Green & Gold Minerals (ASX:GG1) is raising $3.2 million through a 1-for-2 renounceable rights issue priced at 10 cents per share to fund aggressive drilling programs targeting copper-silver-tin at Herberton and gold resource expansion at Chillagoe's Mt Wandoo.