Latest Drilling And Assays News

Marmota has expanded drilling across its Greenewood and Mainwood gold targets after intersecting geology resembling earlier favourable zones. With 313 holes now completed, the first assays are expected next week, although the announcement contains no new grades or quantified mineralisation.

Basin Energy has begun preliminary leachability and XRD studies at its Newmans rare earth discovery, with follow-up drilling assays due imminently. The early-stage program adds a recoverability test to a project already showing a 3.3 km mineralised corridor in northwest Queensland.

Southern Hemisphere Mining has reported its strongest Llahuin drilling results yet, but the copper explorer ended FY26 with just $110,027 in cash and a material going-concern uncertainty. The company is relying on further funding, related-party borrowings, asset sales and a possible Chilean VAT refund to keep exploration moving.

GBM Resources has returned a broad 101-metre gold intersection at 2.63g/t from Lone Sister, with higher-grade intervals pointing to potential local grade uplift at Twin Hills. A further 8,400 metres of assays remain pending before the planned December-quarter resource update.

McLaren Minerals has moved its flagship McLaren Titanium Project into bankable feasibility, backed by a 529 million tonne resource and a 663-hole drilling campaign. But the pre-revenue explorer remains reliant on further funding, with the Barossa acquisition still conditional and 118.4 million options issued after year-end.

AuKing Mining has reported a 50-metre interval grading 2.03% TREO from surface at its Tundulu rare earths project in Malawi. The result, from drilling about 400 metres west of earlier holes, supports a broader near-surface mineralised footprint but remains exploration-stage evidence.

Olympio Metals has started a roughly 1,500-metre maiden diamond drilling program at its Jacknife silver project in Idaho, targeting mineralisation linked to more than 3.2 million ounces of historical silver production. The campaign is significant, but the company must still verify old data before it can establish a JORC-compliant resource.

Pivotal Metals has used its FY2026 annual report to position Horden Lake as a larger, better-understood Quebec copper project, with a maiden scoping study targeted for September. The company also expanded Belleterre drilling and added the Bambino project, but remains loss-making and dependent on further funding.

Anson Resources has completed environmental baseline surveys at its Yellow Cat uranium-vanadium project in Utah, clearing a stated hurdle ahead of planned drilling. The next test is whether twin holes can validate historical high-grade results and support a maiden JORC 2012 resource estimate.

Alvo Minerals has identified a high-conductance off-hole conductor and multiple untested targets at its Touro copper-zinc prospect in Brazil. An environmental licence now allows Phase 2 drilling across roughly 500 metres of previously inaccessible strike.

NewPeak Metals will begin a minimum 1,000-metre Phase 2 diamond drilling program at Las Opeñas in Argentina in mid-October, targeting a potentially gold-richer zone west of its recent long intercepts. The campaign is funded from the company’s completed placement, but the higher-grade western extension remains untested.

AuKing Mining has reported wide, high-grade rare earth intersections from maiden RC drilling at its Tundulu project in Malawi, including 91 metres at 1.51% TREO. The results also reveal unusually strong heavy rare earth enrichment and have prompted the company to fast-track a maiden resource estimate targeted before the end of 2026.