Latest Drilling And Assays News

Alice Queen has reported a 68.0g/t gold interval from its Horn Island drilling, alongside broader high-grade zones inside the existing resource and mineralisation beyond its boundary. Nine assays remain pending, leaving the scale and continuity of the potential extension unresolved.

Empire Resources has reported a busy September quarter at Yuinmery, with notable copper, gold and palladium-platinum intersections alongside rare earth oxide results reaching 1,712.5ppm TREO+Y. The exploration push comes as the company prepares more drilling and an updated resource estimate while holding $2.571 million in cash.

Connected Minerals says historical drilling at its Bailundo project in Angola has identified broad niobium and rare earth mineralisation, including 205.5 metres at 1.0% Nb₂O₅ and 227.3 metres at 2.0% TREO. The company also has roughly 1,534 metres of historical core left to assess, but the results are not yet a mineral resource.

Patronus Resources has reported gold mineralisation below the existing Tally Ho resource, shallow results at Davies No. 2 and a broad intercept at Hydra. The ASX-listed explorer ended September with $72.029 million in cash and liquid investments, giving it room to keep drilling while assays remain outstanding.

Unity Metals has identified a broad, open stockwork gold zone at its O’Phlay project in Cambodia, with drilling returning intersections of up to 70.4 metres at 1.1 grams per tonne. The explorer has now started a 3,000-metre follow-up program, backed by a $3.5 million placement and $3.399 million in cash.

Mount Hope Mining has completed 2,919 metres of Phase 3 drilling at Mt Solitary, with assays due early in the December quarter. The explorer also reported 98.4% indicative gold recovery from maiden metallurgy and ended September with $3.487 million in cash after a Ronin Metals-led placement.

Evion Group has secured mining permits for its flagship Maniry graphite project in Madagascar and signed its first binding supply commitment, while its Nevada fluorspar exploration and Indian downstream operations also advanced. The company ended September with A$5.755 million in cash, but major development milestones still depend on funding, approvals and final agreements.

OD6 Metals has converted a run of high-grade Nevada fluorspar discoveries into a proposed 10,000-metre maiden drilling and bulk-sampling campaign. The company ended September with A$1.775 million in cash, but a subsequent A$6.92 million placement lifted pro forma funds to about A$8.695 million before costs and later movements.

Asara Resources has reported 21,638 metres of post-MRE drilling at Massan, including a narrow 108.4 g/t gold interval within a broader 14-metre intercept. The results could support further Indicated resource growth, while drilling has begun at the Sogosogoba satellite target ahead of a Kada feasibility study targeted for mid-2027.

NewPeak Metals is preparing to drill at least 1,000 metres west of its broad Las Opeñas discovery, where gold grades have increased towards the Belleza Breccia volcanic centre. The funded campaign will test whether the large gold-polymetallic system contains a more valuable gold-dominant core.

Terrain Minerals has begun preparations for its largest-ever drilling program, with 86 reverse circulation holes planned across the Smokebush project in Western Australia. The 10,905-metre campaign will test both the existing Lightning resource and seven new exploration targets, but no new exploration results have yet been reported.

Indiana Resources has completed drilling at Company Well and Minos, while heritage clearance unlocks the next stage at the 7km Ealbara gold anomaly. The exploration progress comes alongside a November CEO departure and an unresolved arbitration claim over US$13.05 million in Tanzania settlement proceeds.