Latest Drilling And Assays News

Native Mineral Resources delivered its strongest quarter since restarting the Blackjack plant, with fine gold outturn up 84% to 2,330.9oz and operating cash flow turning positive. The result improves the production picture, but the company remains reliant on debt-funded development and a steady handover from Mid Pit to North Pit.

MB Gold has secured up to $220,000 in Western Australian government co-funding for a 2,000-metre diamond drilling campaign at its Murphy Well Prospect. The program will test three previously untested geophysical anomalies, with assays expected in the first quarter of 2027.

Terra Metals has reported broad PGM-copper-nickel intersections beginning at or near surface at its Southwest discovery in Western Australia. The results strengthen the geological continuity case ahead of a maiden Mineral Resource Estimate targeted for Q1 2027, although true widths, recoveries and final resource scale remain unconfirmed.

Titan Minerals has reported broad, near-surface gold-silver-copper mineralisation at Kaliman and wider, higher-grade intercepts at Brecha-Comanche within its Dynasty project in Ecuador. The results add momentum to a 20,000-metre drilling program ahead of a planned Q1 2027 resource update and scoping study.

Lion Rock Minerals has reported repeated shallow heavy-mineral zones with significant monazite at Minta Est, including up to 1.94% estimated TREO and 3.62% calculated monazite in recovered concentrate. Early magnetic-separation tests also concentrated up to 84.1% of calculated TREO into less than 27% of recovered heavy-mineral mass, although the results remain preliminary and HMC-based.

Iron Road has completed 464 metres of RC drilling at its TAU-A nickel-copper-gold target, but laboratory assays are still pending. The quarterly update also brings a major shareholder transition, a CEO retirement and a $1.21 million cash balance into sharper focus.

Altitude Minerals is abandoning its Byrock copper-gold earn-in after disappointing assays and redirecting exploration towards drill-ready silver and gold targets in Nevada. The pivot comes with $817,000 in cash, 1.5 quarters of estimated funding and further capital still to be secured.

Dalaroo Metals will drill five holes totalling about 1,250 metres around its high-grade Wilfred gold intercept in Côte d’Ivoire. The work is designed to establish whether the 18-metre zone at 7.31 g/t gold extends at depth and along strike, while new assays and a diamond rig add near-term exploration catalysts.

BOA Resources has extended a run of strong copper results at Ricci Lee, with high-grade intersections in 20 of 23 RC holes reported so far. The results support continuity in the Main Lode and point to a second Hanging-Wall Lode, while another 23 RC assays remain pending.

AusQuest’s latest CSAMT survey has outlined an interpreted porphyry copper footprint at least 2.5km by 1km at Cangallo in southern Peru. The geophysics also points to untested targets at depth and two possible additional porphyry centres, although none has yet been confirmed by drilling.

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.

Manhattan Gold’s first drilling at the Spectre VMS target has returned high-grade copper, gold, silver and zinc, including 6.10 metres at 3.18% copper. Mineralisation was repeated 77 metres along strike, but the early-stage results are reported as downhole lengths and do not yet establish true widths or a resource.