Latest Drilling Updates News

Flynn Gold Limited has successfully raised $5 million through a rights issue and placement, positioning the company to accelerate drilling and exploration across its Tasmanian gold, silver, and critical metals projects.

Solstice Minerals has upgraded gold intercepts at its Bluetooth Gold Prospect in WA, confirming broad near-surface mineralisation and fresh rock potential that supports open pit mining prospects.

Magmatic Resources has responded to ASX queries over a recent spike in its share price and trading volume, confirming no undisclosed information exists. The company points to pending assay results from its Weebo Gold Project drilling as the likely catalyst for market interest.

Scorpion Minerals has addressed recent spikes in its share price and trading volume, attributing the activity to rising global gold prices and imminent assay results from its Pharos Gold Project.

American Uranium has received regulatory approval to commence a significant drilling campaign at its Lo Herma uranium project in Wyoming, aiming to boost its resource base amid a growing US nuclear revival.

Lakes Blue Energy has successfully drilled its Wombat-5 well to the planned depth in Victoria’s Gippsland Basin, revealing promising gas-saturated sands that echo previous successes.

Zeus Resources has updated its JORC Table and revealed compelling geophysical survey results at its Casablanca Antimony Project in Morocco, identifying multiple drill-ready anomalies linked to high-grade quartz-stibnite veins. A trenching program is set to begin soon, paving the way for targeted drilling.

Lakes Blue Energy reports strong gas shows at its Wombat-5 well in Victoria’s Gippsland Basin, reinforcing hopes for a commercially viable gas development.

Lithium Energy Limited has completed a detailed Magnetotelluric survey at its White Plains project in Utah, revealing two promising aquifers that could host lithium brine mineralisation. This advancement sets the stage for targeted drilling and resource definition.

Kula Gold has intersected visible gold in quartz reefs during its maiden diamond drilling at the historic Mt Palmer Gold Project, with assay results eagerly awaited. This marks a promising step in the company’s efforts to unlock new high-grade gold resources in a historically rich region.

Magmatic Resources has initiated a focused 3,700-metre drilling campaign at its Weebo Gold Project in Western Australia, targeting promising gold mineralisation zones at Scone Stone and Ockerburry. This move comes as gold prices reach record highs, positioning the company for potential significant discoveries.

Rubix Resources Limited has responded to ASX inquiries about unusual trading activity by disclosing initial drilling observations at its Paperbark Project and preliminary discussions on a potential acquisition, while cancelling a planned capital raising.