Latest Geology News

GoldArc Resources and BML Ventures report strong high-grade gold intercepts from a 34,000m grade control drilling program at Mt Stirling, accelerating the path to mining with zero capital risk for GoldArc.

FMR Resources has reported assay results from three diamond drillholes at the Southern Porphyry target within its Chilean Llahuin Project, confirming a large, vertically extensive porphyry-related hydrothermal system. While the causative porphyry core remains untested, elevated gold and molybdenum values suggest proximity, prompting plans for a focused Phase II drill program.

Midas Minerals has reported a substantial 52m mineralised intercept at its Spaatzu Prospect in Namibia, highlighting widespread high-grade copper and silver mineralisation and advancing its Otavi Copper Project exploration.

SQX Resources continues to impress with thick, high-grade gold intercepts near surface at its Red Bird project in Arizona, reinforcing open-pit potential ahead of further assays and geophysical work.

Critical Resources (ASX:CRR) has launched a systematic surface exploration program at the underexplored Corona Pegmatite Field, aiming to expand its Mavis Lake lithium resource in Ontario, Canada. The initiative complements the Gullwing exploration and supports CRR’s vision of developing a multi-deposit lithium district.

Redcastle Resources has delivered robust assay results from infill drilling at its Queen Alexandra deposit, confirming mineralisation continuity and expansion below the current pit design. The company plans a substantial grade control drilling program to sharpen mine planning within a 1.7 km gold corridor.

Lunnon Metals reveals the Lady Herial gold system plunges over 500 metres and nears the Foster nickel mine underground, opening avenues for integrated gold and nickel exploration in the prolific Kambalda-St Ives camp.

Belararox Limited has launched a >1,000 km² airborne electromagnetic survey over its Kalahari Copper Project in Botswana, aiming to unlock new copper targets near MMG’s expanding Khoemacau hub. Diamond drilling is planned for May to follow up on promising geophysical anomalies.

Great Western Exploration (ASX: GTE) has begun diamond drilling at its Oval Copper-Gold Target, aiming to test a gravity anomaly linked to a potential large VHMS system akin to the nearby DeGrussa deposit. This marks the launch of a six-month program targeting nine copper-gold prospects across the Yerrida Basin.

Melbana Energy Limited’s March quarter report details modest crude production from the Alameda-2 well in Cuba and ongoing preparations for the Amistad-11 drilling, which remains on hold due to a joint partner’s funding default. The company holds $2 million in cash and continues to process seismic data to refine its subsurface models.

Megado Minerals Limited has secured A$1.65 million through a placement and director subscription to fund drilling and exploration at its Iberian Copper and Alpartir Silver-Copper projects in Northern Spain.

Flynn Gold Limited (ASX: FG1) is intensifying exploration at its Golden Ridge Project in northeast Tasmania, focusing on trenching and drilling to extend high-grade gold mineralisation. Concurrently, the company is assessing the feasibility of a regional gold processing hub and progressing exploration at the Mangana Project with government support.