Latest Geophysical Surveys News

Lodestar Minerals’ first drill hole at the Three Saints IOCG Project in Chile has confirmed a large, multi-element mineralised system with copper, gold, cobalt, and molybdenum over 600 metres of vertical extent and a footprint wider than 1.6 kilometres.

Norfolk Metals plans a game-changing acquisition of the Ciclón Copper Project in Chile, backed by a $100 million capital raise and top-tier board appointments.

Patagonia Lithium has locked in A$3.4 million through a placement priced at 10 cents per share, attaching options exercisable at 16 cents. The capital injection aims to fund further drilling, resource upgrades, and a lithium carbonate demonstration plant at its flagship Formentera project.

Mount Hope Mining (ASX:MHM) has completed two drilling phases at its Mt Solitary gold project in NSW’s Cobar Basin, delivering significant high-grade gold intercepts and preparing to launch an expanded Phase 3 drilling campaign targeting resource growth.

Ballymore Resources has significantly extended its Torpy’s silver-lead-zinc-indium discovery in North Queensland, identifying four new mineralised shoots beyond the historic mine area through recent drilling. With assays pending and multiple targets open, the Ruddygore Project’s potential continues to grow.

Sierra Nevada Gold (ASX: SNX) has appointed Adam Oehlman as CEO to lead its next growth phase, focusing on advancing a three-rig drilling campaign in Saudi Arabia and trial mining in Nevada.

Adavale Resources has agreed to sell its Marree Embayment uranium licences to Orpheus Uranium for $650,000 cash and 5 million shares, sharpening its focus on a 166,000-ounce gold resource in New South Wales.

Orpheus Uranium has secured a binding agreement to acquire seven exploration licences from Adavale Resources, significantly expanding its Marree Project landholding in South Australia’s Northern Flinders Ranges and advancing the project to advanced exploration status.

West Cobar Metals (ASX: WC1) has struck a deal to acquire the Baxter Fluorspar Project in Nevada, a site with a rich history of premium acid-grade fluorspar production. Backed by a $1.05 million placement, the acquisition positions WC1 within a critical US supply chain for fluorspar, a mineral vital for semiconductor and defence industries.

Waratah Minerals reveals substantial high-grade gold extensions at its Spur Gold Project, with drilling extending mineralisation up to 160m and confirming a district-scale system.

Ore Resources’ Phase 4 diamond drilling at the Forrest prospect reveals significant strike and depth extensions, expanding the gold system to over 1km strike and 250m depth, with further growth potential identified by geophysical surveys.

Belararox has locked in a further A$2 million through a placement priced 25% above its current shares, boosting funds for copper exploration in Botswana and Argentina.