Latest Drilling Campaigns News

Patagonia Lithium has completed its latest Cilon drilling campaign with Well 8 delivering 2,043 litres per hour and rapid aquifer recovery, while a corrected estimate put the pumped lithium at a preferred 30kg. The result now feeds into a resource upgrade, but a disappointing Well 9 infill hole adds uncertainty about aquifer continuity.

Brightstar Resources has intersected 173 metres at 1.42g/t gold beneath the current Two Mile Hill-Shillington resource, extending mineralisation into an area not yet included in the estimate. Three more holes are awaiting assays, while a larger 6,500-metre follow-up program is due to begin this month.

Duketon Mining has completed 17 reverse-circulation holes at its Barlee gold project, while re-split assays confirmed several gold-bearing zones across five prospects. The next market test is pending assay data from 2,150 metres of follow-up drilling, expected in roughly two to three weeks.

Sierra Nevada Gold has started a 25,000-metre second-phase drilling campaign at its As Safra copper-gold project in Saudi Arabia, with the first assay results due in November. The company is directing capital and management attention to Saudi Arabia while exploring commercial options for its Nevada portfolio.

Golden Dragon Mining has finished an approximately 2,800-metre RC drilling program at its Cue Gold Project after reporting high-grade results and a more than 3-kilometre gold corridor. The company also ended the September quarter with A$4.11 million in cash following a strategic A$2.2 million investment from Chengtun Gold.

Silver Mines has begun its first modern drilling program at the Kramer Hills gold project in California, targeting shallow oxide mineralisation and possible deeper sulphide zones. The 22-hole campaign will test a conceptual exploration target of up to 445,000 ounces, but the project remains well short of a JORC Mineral Resource.

FMR Resources has completed planning for at least 2,000 metres of drilling at La Lorena and identified five new intrusive targets in an eastern structural corridor. The Chile-focused explorer also exercised its Los Warbos option after quarter end, but reported cash of A$3.786 million and an estimated 2.51 quarters of funding at the September quarter’s spending rate.

Sabre Resources has completed its maiden 4,362-metre drilling program at Kurundi North, where surface sampling identified copper, bismuth, silver, zinc and lead associated with ironstone. The key test now moves to the laboratory, with 1,048 drill samples awaiting results expected in four to five weeks.

Lachlan Star has extended shallow, high-grade gold mineralisation at New Waverley while identifying soil and magnetic anomalies across more than 4km of prospective strike. A project-wide RC drilling program is due to begin in late October, with the company holding $5.203 million in cash at quarter end.

Marvel Gold completed 3,951 metres of maiden RC drilling at Hanang in Tanzania, but mechanical problems and early rains may prevent it reaching the planned 5,000-metre first phase. The company exited its Mali joint venture while ending the quarter with A$1.96 million in cash and an estimated 2.55 quarters of funding.

Kali Metals has expanded its Marble Bar gold pipeline after reporting shallow high-grade drilling and nine additional targets identified after quarter end. The explorer also ended September with $5.242 million in cash and a binding agreement for up to $700,000 of JX Advanced Metals-funded exploration in the Southern Lachlan Fold Belt.

G50 has extended the known strike of its Golconda gold-silver system to more than 1.8km, with shallow high-grade results from the Golden Eagle target. The ASX-listed explorer also finished the quarter with A$25.778 million in cash after a placement backed by Hancock Prospecting.