Latest Exploration And Drilling News

Accelerate Resources has reported a new gold discovery at its Balagundi project, strong assay results from multiple prospects, and a significant project expansion, supported by a $2 million capital raise to fund ongoing exploration.

Lion Energy has locked in funding and government approval for its Bula Karang-1 well in Indonesia, targeting a September spud, while winding down its hydrogen project to focus on core upstream oil and gas activities.

LinQ Minerals has delivered significant drilling results at its Gilmore Project, confirming a large shallow copper-gold porphyry system at Monza and extending high-grade gold-copper mineralisation at Dam. With a strong cash position and multiple assay results pending, the company is well placed for further exploration.

Aurum Resources has pushed gold mineralisation beyond existing boundaries at its Boundiali BDT2 deposit in Côte d'Ivoire, with 10 new drill holes confirming resource growth potential ahead of a major update and feasibility study in 2026.

Diablo Resources has acquired an 80% stake in the historic Horn Silver Project, complementing its nearby Star Range assets and advancing exploration with a maiden drill program approved.

Manhattan Gold Corporation has kicked off its first modern drilling in over 30 years at Nunavut’s Hook Lake Project, backed by expanded mineral rights and promising high-grade gold assays from surface sampling.

Zeus Resources (ASX:ZEU) is set to acquire the Diaguili copper-gold project in Mauritania for US$2 million, backed by a fully funded $2 million placement. The shallow historical drilling shows promising copper grades, with mineralisation open at depth and along strike.

Astral Resources has delivered robust assay results from its ongoing in-fill drilling at the Theia deposit, underpinning a resource upgrade and further de-risking the early development phase of the Mandilla Gold Project near Kalgoorlie.

Mammoth Minerals has kicked off its maiden RC drilling program at the Blue Dick Prospect, aiming to extend exceptional surface silver and gold grades over a mapped 6.5km strike at its Excelsior Springs Project in Nevada.

Everest Metals has kicked off a 2,000m reverse circulation drilling program at its Mt Dimer Exploration Project in Western Australia, supported by a $145,000 co-funding grant from the WA Government’s Exploration Incentive Scheme. The campaign targets three high-priority gold anomalies adjacent to existing mining operations, aiming to extend known mineralisation.

Great Southern Mining has kicked off a 1,300m diamond drilling program at Mt Dillon, the highest-priority target in its Edinburgh Park Project, backed by Gold Fields’ funding and expertise.

Megado Minerals has unveiled compelling magnetic survey results at its Alpartir Silver-Copper-Antimony Project in northern Spain, setting the stage for systematic exploration and drilling pending shareholder approval.