Latest Eastern Goldfields News

Magmatic Resources has kicked off an extensive Phase 3 drilling campaign at its Weebo Gold Project, targeting extensions of gold mineralisation and high-grade shoots beneath shallow supergene zones in Western Australia's Eastern Goldfields.

Vita Resources has uncovered multiple large gold in soil anomalies at its Ninnis Gold Project in WA, prompting an expanded drilling program targeting key fault zones.

Strata Minerals’ Phase 2 drilling at Zelica confirms consistent shallow high-grade gold over a 1km strike, revealing new plunging shoots and a hanging-wall lode that could expand the system across a 9.5km corridor.

Redcastle Resources has secured A$2 million through a discounted share placement aimed at accelerating exploration and advancing its development projects across its Eastern Goldfields portfolio.

Carnavale Resources has lifted its Kookynie Gold Project Mineral Resource Estimate by 2.5% to 120,000 ounces at 4.4 g/t, with a significant upgrade to Measured resources that reduces early-stage mining risk.

Evergold Minerals has kicked off a 3,000m reverse circulation drilling campaign at its Mt Monger Gold Project, aiming to confirm high-grade gold mineralisation at Duchess of York and test a newly defined intrusive-related target at Gladiator.

Minerals 260 has significantly expanded its Bullabulling Gold Project footprint by acquiring joint venture interests over 350km2 of highly prospective tenements adjacent to its existing holdings, boosting the total project area to 1,160km2. This $7 million deal consolidates key exploration ground and adds new targets near established deposits.

Industrial Minerals Ltd (ASX: IND) is set to acquire the Laverton Gold Portfolio, a drill-ready 205km² package in a prolific WA gold district, backed by a $3 million capital raise and board changes aimed at accelerating exploration.

Orbminco is set to begin a 2,500m drilling program at Majestic North aimed at upgrading inferred resources, testing structural controls on high-grade gold, and probing for primary mineralisation beneath the deposit.

Forrestania Resources has completed its acquisition of the Hyden Gold Project, boosting its total JORC resource to over 900,000 ounces and consolidating its position near the Lake Johnston processing hub.

Redcastle Resources' recent diamond drilling at Redcastle Reef and Queen Alexandra validates geological models and reveals promising mineralisation extensions, bolstering confidence in near-term mining plans.

Mt Malcolm Mines NL has revised its rights issue, lowering the price to $0.007 per share and adjusting the offer ratio to raise $1.81 million. The funds will support a processing plant feasibility study and advance exploration at its Leonora projects.