Latest Geophysical Anomalies News

Bayan Mining has pinpointed two high-priority exploration targets at its 100% owned Bayan Springs North Project in Nevada, leveraging newly interpreted USGS airborne magnetic and radiometric data. Both targets display promising geophysical and geochemical signatures reminiscent of the adjacent Maverick Springs mineral system.

Lithium Energy has wrapped up diamond and air core drilling at the Bajool Prospect, unveiling geochemical trends aligned with a potential porphyry system, while awaiting critical diamond core assay results.

Breakthrough Minerals has kicked off its first diamond drilling campaign at the Barbara Copper-Gold Project, aiming to extend high-grade mineralisation and boost its Queensland resource base shortly after acquiring the North Queensland Copper-Gold Project.

Hawk Resources has reported high-grade copper mineralisation near surface at its Cactus project in Utah, with spot pXRF assays peaking at 37.3% copper over potentially wide intervals. The ongoing drilling campaign aims to delineate a shallow mineralised zone along a historically mined corridor.

Hillgrove Resources has defined a significant Exploration Target for its Kanappa porphyry-style copper-gold prospect and secured environmental approval for a drilling campaign scheduled for mid-2026.

Legend Mining has identified significant chargeable-resistive features at its Pinnacle Well Project, enhancing gold prospectivity at Alpha North and Pyrophyllite Hill. The company is progressing drill approvals aiming for a July start, supported by a solid $10.2 million cash balance.

European Resources Limited (ASX: ERE) has repriced and relaunched a renounceable rights issue to raise up to $3.4 million, partially underwritten by Mahe Capital for $1.5 million, to fund metallurgical and exploration work at its Korsnäs rare earth project in Finland and Slovakian tenements.

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.

Magnum Mining and Exploration Limited has initiated a large-scale auger drilling program at its Piracanjuba prospect within the Azimuth Rare Earth Element Project in Brazil, aiming to define an Exploration Target and a JORC Mineral Resource Estimate by late 2026.

Zenith Minerals has reported deep diamond drilling results at its Red Mountain Gold Project in Queensland, confirming a vertically extensive mineralised system beyond 700 metres. The company plans a significant reverse circulation drilling program to test lateral and depth extensions, guided by new 3D geochemical modelling.

American West Metals Limited has reported exceptional assay results from historical mine dumps and surface rock sampling at its West Desert Project in Utah, revealing significant grades of critical metals including copper, silver, indium, germanium, and tellurium. A 5,000-metre diamond drilling program targeting newly identified high-grade zones is currently in progress.

EcoGraf Limited has initiated a US$9 million farm-in agreement with AngloGold Ashanti at its Golden Eagle Project in Tanzania, alongside promising exploration results at the Hazina prospect. The company is evaluating strategic options to maximise value from its extensive Tanzanian gold portfolio while progressing its flagship graphite and battery anode projects.