Latest Drill Targets News

Tyranna Resources has identified high-grade surface anomalies at its Coola project in Angola, including soil assays of up to 13.18% TREO and 3.9% Nb₂O₅. The results refine drill targets ahead of a maiden program planned for the second quarter of 2027, subject to wet-season conditions.

Macallum New Energy has lifted the arithmetic mean prospective gas resource across its EP 494 portfolio to 2,506 PJ after new 3D seismic and reprocessed 2D data sharpened several targets. The company is now seeking a joint venture partner for up to two exploration wells targeted for the second half of 2027.

iTech Minerals has extended the main Sabre gold-antimony shoot to approximately 270 metres below surface, with drilling returning 25 metres at 4.88 g/t gold and 0.85% antimony. A second shoot has also been identified 120 metres to the south, though assays remain incomplete and true widths are yet to be established.

Sunshine Metals has extended gold mineralisation at its Sybil project in North Queensland, led by a 4-metre intersection grading 11.11g/t gold at Francis Creek. The company plans a further 2,600 metres of drilling from mid-October across existing and untested targets.

Osmond Resources has secured the maximum €250,000 provisional grant in the first round of Spain’s national mineral exploration program, while preparing to start a 13-hole campaign at its Orión project. The company has also issued 85 million shares to retain its 80% interest in the project-owning vehicle.

Finder Energy has extended the Kuda Tasi and Jahal project’s Final Investment Decision deadline to 30 November, after widening its international EPCI tender process. The company says debt financing is nearing its final stages, but the delay adds another checkpoint before its late-2027 drilling target.

Brightstar Resources has delivered broad and high-grade gold intercepts from final infill drilling at Bull Oak, including 167 metres at 2.07g/t gold and a 0.5-metre zone grading 265g/t. The results are intended to support an updated Mineral Resource and the Sandstone project’s pre-feasibility study, although neither has yet been released.

Kalgoorlie Gold Mining has identified multiple coherent gold-in-regolith anomalies across the first 225-hole aircore test of its LTZ Flexure target at Pinjin. The strongest exploration signal stretches up to 2km, but primary gold mineralisation at depth remains unconfirmed.

Gold Mountain has secured a 12-month exclusive right to acquire the historical Malhada do Angico tungsten mine in northeast Brazil, for staged consideration of up to R$3 million. The opportunity comes with encouraging but non-representative grab samples, pending approvals and a drilling program still awaiting permits.

Peregrine Gold has secured $2.25 million through a discounted placement backed by major shareholder Mark Creasy, Lion Selection Group and company directors. The funding is earmarked for maiden drilling and broader gold and iron ore exploration in Western Australia, subject to heritage and Programme of Work approvals.

Mamba Exploration has secured a $6.0 million placement, attracted a $500,000 investment from New Murchison Gold and added former Westgold founder Peter Cook as a strategic adviser. The funding will support drilling at Meeka East and a staged earn-in over the early-stage Poison Hills project, where selective rock chips returned high silver, gold, copper and lead grades.

Patriot Resources has completed 38 surface samples at its Tassa silver-gold project in Peru, where mapping identified a 120-metre breccia interpreted as the upper part of a preserved epithermal system. The company is now moving south into the newly acquired Tassa 5 tenement while its maiden drill permit application progresses.