Latest Gold Drilling News

Cavalier Resources has raised $2.14 million through a discounted placement to fast-track drilling at its Crawford Gold Project, while continuing negotiations for a $11 million pre-payment deal.

North Stawell Minerals is set to begin diamond drilling in late September to follow up a standout high-grade gold intercept at its Darlington Prospect in Victoria. The program aims to explore extensions of a quartz-sulphide vein with visible gold, potentially unlocking a significant new gold system.

Verity Resources has successfully raised $3 million through a two-tranche placement to accelerate drilling and resource upgrades at its Monument Gold Project amid strong gold market conditions.

Haranga Resources has successfully commissioned the water treatment plant at its Lincoln Gold Project and begun dewatering, paving the way for its maiden underground drilling program and a JORC resource update by year-end.

Lion Selection Group has committed $1 million to Sunshine Metals, increasing its stake to 9.2% as Sunshine advances promising high-grade gold projects in North Queensland.

Horseshoe Metals has launched a new phase of reverse circulation drilling at its Horseshoe Lights Copper-Gold Project in Western Australia, targeting near-surface copper oxide and gold zones. Concurrently, the company is progressing offtake negotiations with major commodity traders.

Genesis Minerals has more than doubled its FY26 exploration budget to A$40-50 million, driven by promising drilling results at its Leonora and Laverton gold assets. Recent assays reinforce the company’s strategy of organic growth supported by resource expansion near existing processing infrastructure.

Far East Gold’s initial drilling at the Bermol prospect within the Idenburg Project confirms significant gold mineralisation and reveals new zones beyond the current resource boundary, boosting the project’s growth potential.

Cannindah Resources Limited has announced a fully underwritten non-renounceable rights issue to raise approximately $4.55 million at a 21% discount, aiming to fund exploration at its flagship Mt Cannindah Copper-Gold Project and strengthen working capital.

West Cobar Metals has successfully raised $1.25 million through a discounted share placement, aiming to boost drilling and testwork across its gold and critical minerals projects.

Stavely Minerals has launched a new phase of drilling at its Fairview North gold prospect following impressive high-grade assay results, aiming to expand known mineralisation along strike. Concurrent soil sampling at Fairview South is set to guide further exploration.

Mammoth Minerals has finalized its acquisition of two promising US gold projects and revamped its leadership to spearhead a high-grade gold drilling campaign.