Latest Exploration Drilling News

Marquee Resources (ASX:MQR) is raising just over $1 million through a non-renounceable rights issue priced at half a cent per share, accompanied by free attaching options. The capital raise aims to support ongoing exploration and the recent acquisition of the Tungsten Mountain Project in Nevada.

Wildcat Resources has delivered promising early metallurgical results from its Bolt Cutter Central lithium discovery in WA’s Pilbara, showing spodumene recoveries averaging 82.5% using flotation methods from its Tabba Tabba project. Exploration drilling has extended the mineralised footprint to over 2.3km with multiple significant lithium intercepts.

Andean Silver Limited has delivered exceptional high-grade drilling results at its Cerro Bayo Silver-Gold Project in Chile, including a standout intercept of 268g/t gold and 3,045g/t silver over 1.4m at the Trinidad vein. The company is advancing resource upgrades and preparing for the first district-wide drilling campaign in two decades.

Manhattan Gold Corporation has wrapped up a high-resolution LiDAR survey and maiden channel sampling at its Hook Lake Project, Nunavut, while drilling has commenced at the Jaws target to validate historic gold mineralisation.

Trek Metals’ maiden drilling at the Kuro manganese discovery continues to reveal significant visual mineralisation aligned with Induced Polarisation (IP) anomalies, validating IP as an effective tool for undercover manganese targeting.

Mamba Exploration has significantly increased its landholding at the Meeka East Gold Project through acquisition and new licence pegging, setting the stage for reverse circulation drilling pending heritage approvals.

Prodigy Gold is progressing key regulatory approvals to restart mining at its Old Pirate gold mine, supported by encouraging ore sorting testwork that significantly upgrades gold grades and promises operational efficiencies.

FireFly Metals has delivered exceptional drilling results at its Green Bay Copper-Gold Project, reinforcing the continuity and scale of its high-grade core zone. These assays will feed into updated resource models and economic studies due mid-year.

Kaoko Metals has unveiled a new copper discovery at its Chalkos Project in Namibia, significantly enlarging the mineralised surface area between existing prospects and setting the stage for imminent drilling.

Piche Resources has identified extensive high-grade rare earth mineralisation enriched in critical magnet rare earth elements across a 30 km strike at its Ashburton Project, alongside significant uranium prospects.

Tesoro Gold has accelerated its Definitive Feasibility Study and development readiness for the 1.82Moz Ternera deposit, forming strategic alliances and advancing financing plans.

Many Peaks Minerals has exercised its option to acquire 100% of the Baga Gold Project in Côte d'Ivoire after a comprehensive soil sampling campaign revealed extensive gold anomalies. A 14,000m auger drilling program is now testing multiple targets along a 16km gold corridor.