Latest Exploration Drilling News

Pacific Resources (ASX: PXR) has secured 100% ownership of the Snowstorm Project, a high-grade gold asset in Victoria’s Eastern Goldfields, for $400,000. The acquisition complements its existing foothold in the region and sets the stage for underground bulk sampling and deeper exploration.

Platina Resources has struck a farm-in and joint venture deal with NE Minerals to advance the Brimstone Gold Project, shifting capital risk while retaining a 20% stake in the Western Australian asset.

Augustus Minerals has launched a follow-up drilling campaign at its Clifton East prospect within the Music Well Gold Project, aiming to refine the strike and dip of promising gold mineralisation discovered earlier this year.

Desert Metals has expanded its Tiogo gold anomaly at Tengrela South, Côte d'Ivoire, by over 3km northwards, unveiling a new high-priority target ready for drilling.

Avira Resources has kicked off siteworks at its Mt Cattlin Gold Project ahead of a 4,500-metre RC drilling program targeting a maiden resource estimate by year-end.

Maronan Metals has completed a major share distribution from Red Metal, expanding its shareholder base, while locking in a $22 million strategic investment to fund an ambitious drilling program and feasibility study.

PMET Resources has kicked off a substantial 45,000-meter drilling program at its flagship Shaakichiuwaanaan Property in Quebec, aiming to bolster lithium, caesium, and tantalum resource development ahead of updated economic studies.

Kuniko Limited’s Phase 1 drilling at the Commonwealth-Silica Hill Project delivers compelling high-grade gold, silver, and base metal results, validating extensions beyond known mineralisation and setting the stage for a larger Phase 2 program starting in July.

West Cobar Metals (ASX: WC1) has secured a district-scale copper position in the Cobar Basin by adding EL9915, home to the Blind Freddie prospect featuring a >2.5km copper-gold anomaly. The company plans extensive drilling in 2026 to test multiple concealed copper targets including Lilyvale and Bulla Park.

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.

88 Energy is gearing up to drill its Augusta-1 exploration well in Alaska’s North Slope, targeting a stacked oil resource estimated at 133.7 million barrels gross unrisked. The company has secured key operational assets and is progressing farm-out talks to share drilling risks ahead of the planned Q1 2027 spud.

Strickland Metals (ASX:STK) has confirmed no hidden material information explains recent share price swings, attributing volatility to regulatory delays in Serbia and broader gold sector weakness.