Latest Gold Drilling News

Albion Resources has completed the sale of its Mongers Lake Project to Capricorn Metals for A$1.5 million, combining cash and shares, while positioning itself to accelerate exploration at its promising Yandal West Gold Project.

Cygnus Metals has pinpointed multiple promising copper-gold drilling targets adjacent to the historic Cedar Bay mine within its Chibougamau Project, mobilizing an additional rig ahead of a comprehensive resource update next month.

Everest Metals Corporation has raised $4 million through a share placement to advance its gold and critical minerals projects in Western Australia, including pioneering rubidium extraction technology.

Helix Resources Limited has announced a renounceable pro-rata entitlement offer to raise approximately $1.68 million, partially underwritten by Mahe Capital, aiming to fund key drilling and resource estimation projects.

Litchfield Minerals Limited has launched a $1.5 million capital raising to fast-track exploration at its Northern Territory copper-zinc projects, including the advanced Oonagalabi asset. Recent drilling and geophysical surveys highlight promising mineralisation and near-term growth potential.

Novo Resources Corp. reported key drilling milestones at its Pilbara and New South Wales projects in Q2 2025, alongside a reduced net loss and ongoing liquidity challenges. The company’s exploration momentum continues despite material uncertainty over its going concern status.

Carnaby Resources reports a significant off-hole electromagnetic conductor at its Trekelano prospect alongside robust copper-gold drill results, advancing its Greater Duchess Project in Queensland towards a Pre-Feasibility Study.

Hot Chili Limited launches a A$14 million rights issue to fund key strategic initiatives, including advancing its La Verde copper-gold discovery and completing asset-level partnering processes within the Costa Fuego Project in Chile.

Stavely Minerals has raised A$1.9 million through a placement to fund drilling at its promising gold prospects, including Fairview North and South. The move aims to accelerate exploration and deliver new insights later this year.

Loyal Metals has raised $2 million through a targeted placement to accelerate exploration at its newly acquired Highway Reward Copper-Gold Mine, leveraging cutting-edge AI and drone technologies.

Waratah Minerals has significantly expanded the Spur Gold Corridor with high-grade gold mineralisation, revealing new zones of visible gold and advancing copper-gold exploration at its flagship Spur Project in New South Wales.

Sipa Resources is poised to begin a heritage survey at its Crown Gold Project in Western Australia, a critical step ahead of its maiden aircore drilling program scheduled for September. This move follows extensive groundwork to refine drill targets and signals continued momentum in the company’s 2025 gold exploration campaign.