Latest Drilling Campaigns News

Nelson Resources is preparing to drill up to 15 underground diamond holes at its high-grade Orleans Mine in Nevada, following assays of up to 113.5g/t gold and 3,840g/t silver. The exploration push is advancing, but the company ended September with A$1.285 million and an estimated 1.6 quarters of funding at its reported spending rate.

Great Boulder Resources has completed more than 57,000 metres of drilling across Peak Hill and Side Well during the September quarter, with high-grade results supporting potential resource growth. The ASX-listed explorer ended the period with A$12.3 million in cash and no debt as it works towards a Peak Hill resource update by year-end.

Xenora Minerals has advanced planning for up to 600 metres of RC drilling at its Dudley lithium project on Kangaroo Island, targeting primary minerals beneath deeply weathered pegmatite. The explorer ended September with A$1.94 million in cash and an estimated 8.56 quarters of funding at the reported spending rate.

Pantera Minerals has finished its first modern drilling campaign at the Gillham antimony-silver project and completed a 470km² Western Australian gold acquisition. The results pipeline is building, but cash of A$1.615 million gives the explorer less than two quarters of funding on its reported quarterly run-rate.

Vantage Metals has intersected the key geological contact targeted by its maiden Botswana drilling campaign, with trace copper sulphides observed and assays pending. The exploration progress comes alongside A$723,000 in quarter-end cash, equivalent to just 0.3 quarters of estimated funding at the reported outflow rate.

MB Gold has finished its latest Marble Bar drilling campaign with assays pending, while a geophysical survey has opened several deeper targets across the project. The explorer ended September with $4.84 million in cash after spending $1.19 million on exploration during the quarter.

AusQuest’s Cangallo copper-gold discovery has been declared a Project of National Interest by the Peruvian Government, strengthening surface-rights protection and project security for the next four years. The designation arrives as the company prepares a 20-pad drilling campaign and seeks approval for another 20 pads in 2027.

Oceana Metals is positioning its 100%-owned Serra Negra project in Brazil as a large-scale rare earths opportunity, backed by broad, high-grade exploration results and a four-rig drilling program. The next test is whether those results can be converted into a maiden mineral resource and, eventually, an economically viable project.

Asara Resources has lifted the Kada Gold Project’s Mineral Resource by 125% to 2.08 million ounces, with Indicated Resources now accounting for 1.27 million ounces. The Guinea-focused explorer is directing its next phase towards a Definitive Feasibility Study while continuing resource conversion drilling and expanding its regional ground position.

Taruga Minerals has promoted director Eric de Mori to Managing Director as its first diamond drilling campaign at Weioko gets underway in Papua New Guinea. The appointment gives him responsibility for exploration execution and project option decisions due before December, alongside a remuneration package that includes up to 60 million incentive options.

Nico Resources has completed about 70% of a 6,000-metre infill drilling program at its Wingellina nickel-cobalt project, with initial assays expected in November. The technical progress comes as nickel and cobalt prices weaken and a proposed downstream partnership remains non-binding.

Peako has completed its Saudi Arabian gold portfolio acquisition and identified multiple high-grade surface targets ahead of a maiden RC drilling campaign expected to begin in November. The results are encouraging exploration signals, but remain rock-chip and historical drilling data rather than a mineral resource.