Latest Drilling Assays News

Explorers led the Materials tape as fresh drill stories and new ground deals pulled buyers into small caps. Big miners still delivered, but the loudest moves came from companies offering investors a near-term catalyst.

QEM Limited has responded to ASX inquiries about unusual trading activity, confirming no undisclosed material information and deferring assay results to its March quarterly report.

Taiton Resources reports no significant gold from Challenger West drilling but identifies promising geological indicators, while gearing up for a major drill campaign at the Yogi prospect targeting IOCG and rare earth elements.

Novo Resources has significantly increased the Exploration Target at its Belltopper Gold Project in Victoria, with multiple high-grade prospects across its Australian portfolio and drilling programs planned throughout 2026.

New Age Exploration’s latest drill assays reveal a promising intrusion-related gold system at the Wagyu Gold Project, expanding the known mineralisation and validating its geological model.

AusQuest Limited has significantly expanded the copper mineralisation at its Cangallo Project in Peru, extending the porphyry system to over 1,500 metres with promising assay results. Further drilling is planned to explore depth and lateral extensions, highlighting the project's growing potential.

Caprice Resources has confirmed significant extensions to high-grade gold mineralisation at its Vadrians system within the Island Gold Project, expanding the strike length to over 1,000 metres and depth to 400 metres. New discoveries and ongoing drilling signal strong growth potential in Western Australia's Murchison goldfields.

Patagonia Lithium has completed drilling its Formentera well to 488 metres, intersecting promising lithium-bearing brines and porous sediments. Early tests suggest strong flow rates and increasing lithium concentrations, setting the stage for resource upgrades.

Indiana Resources has confirmed a new gold mineralised splay off the Lake Labyrinth Shear Zone at its Minos Gold Project, revealing promising assay results and a hydrothermal signature indicative of a larger system.

Ordell Minerals has reported compelling shallow gold mineralisation results from its recent drilling at the Barimaia Gold Project, with high-grade intercepts confirming the prospect’s open-pit potential. Drilling will recommence shortly to expand these zones and explore new targets along a significant strike length.

Fortuna Metals has reported significant high-grade rutile mineralisation at its Mkanda project in Malawi, with assays from 96 drill holes revealing a mineralised footprint extending over 25km. The Malawi government has confirmed the company’s exemption from raw mineral export restrictions, supporting its in-country beneficiation plans.

Infini Resources has confirmed a structurally controlled uranium mineralisation system at its Portland Creek Project in Newfoundland, with Phase 2 drilling assays revealing uranium grades up to 347 ppm U3O8 over a strike length exceeding 2 km. These results underpin the company’s exploration model and set the stage for an expanded 2026 drilling campaign.