Latest Geophysics And Drilling News

Magnum Mining and Exploration has completed its acquisition of the Wet Mountain Rare Earth Element Project in Colorado, marking a significant step in its U.S. critical minerals strategy. The project boasts historic surface assays up to 7.99% Total Rare Earth Elements, with exploration plans underway.

Rapid Critical Metals has validated historic high-grade gallium and germanium mineralisation at its Prophet River Project in British Columbia, identifying five promising drill targets through advanced geophysical surveys.

Sierra Nevada Gold has been awarded the As Safra Copper-Gold Project in Saudi Arabia, marking a strategic expansion into a promising mineral province. With historic high-grade results and drilling planned for April 2026, the project could be transformative for the company.

Dalaroo Metals is fast-tracking its 2026 exploration program at the Blue Lagoon project in Greenland following promising 2025 results that confirmed widespread rare earth and critical mineralisation. The company aims to define drill-ready targets and advance its position in the strategic critical minerals sector.

Aruma Resources has executed binding agreements to acquire a majority interest in the Tillex Copper Project in Ontario, Canada, a high-grade copper-silver deposit with significant exploration potential. The company plans immediate exploration and resource development activities to unlock value in this strategically located asset.

Terra Critical Minerals has completed the acquisition of the True American Tungsten Project in Nevada, positioning itself to capitalise on soaring tungsten prices and supply constraints. The company plans extensive exploration in 2026 to validate and expand this historically high-grade asset.

Patagonia Lithium’s latest drilling at Formentera reached 401m, revealing promising lithium concentrations at shallower depths but encountering low-porosity clays that limited further progress. The findings refine the company’s geological understanding and set the stage for upcoming drilling.

Peel Mining has reported significant new gold assay results from its recent drilling at the Nombinnie prospect in NSW, confirming the site as a promising gold target with both shallow and deeper mineralisation.

Locksley Resources has identified a significant high-grade silver and polymetallic mineralised corridor extending nearly 3km at its Mojave Project in California, marking a major step forward in its exploration strategy.

Pursuit Minerals has identified promising gold and silver targets at its Sascha Marcelina project in Argentina, planning a 4,050-metre drilling campaign to test these high-potential zones. The project’s geological similarities to the world-class Cerro Negro system bolster hopes for a significant discovery.

Resource Minerals International Ltd has successfully raised $1 million through a share placement to fund exploration projects across Saudi Arabia, Tanzania, and Finland, while also achieving a debt-free status.

Bindi Metals has identified several promising gold prospects along a 2.5 km corridor at its Ravni Gold Project in Serbia, supported by extensive sampling and historic data. A detailed geophysical survey and drilling program are set to follow, aiming to refine and test these targets.