Latest Gold Exploration Sector News

Yandal Resources has finalized a binding agreement to sell its Gordons Gold Project to Horizon Minerals for A$2.81 million in cash and shares, reinforcing its strategic focus on core exploration assets.

TG Metals has completed the acquisition of an 80% stake in the Van Uden Gold Project, updated its mineral resource estimate to JORC 2012 standards, and begun drilling historical stockpiles with initial assay results received.

Magmatic Resources has secured the Weebo Gold Project in Western Australia and reported encouraging copper-gold drill results at its Myall Project, maintaining a robust cash position of $4.7 million.

North Stawell Minerals has raised $518,123 from its recent entitlement offer, falling short of the $2.1 million target, with plans to place shortfall shares to fund key exploration projects.

Orange Minerals NL has begun trading on the U.S. OTCQB Venture Market, enhancing its visibility and liquidity among North American investors while progressing its strategic acquisition of a promising gold project in Ghana.

Far Northern Resources has completed its first phase of drilling at the Bridge Creek project, confirming significant high-grade gold mineralization and preparing for an expanded second phase of exploration.

Advance Metals has entered a binding agreement to earn a 100% interest in the high-grade Guadalupe y Calvo gold-silver project in Mexico, significantly expanding its resource base to over 100 million ounces silver-equivalent across three projects.

Ordell Minerals has raised $3.85 million through a discounted share placement to accelerate drilling at its Barimaia Gold Project and initiate exploration at Goodia and Fisher South in Western Australia.

Indiana Resources appoints seasoned mining executive Matthew Bowles as Managing Director to spearhead expansion at its Minos Gold Project, while promoting John Fitzgerald to COO amid a strong cash position.

West Cobar Metals has identified compelling copper-gold targets at its 100%-owned Nantilla Project in NSW, leveraging reprocessed geophysical data to pinpoint priority drill sites.

Sipa Resources has initiated its maiden gold-focused drilling campaign at the recently acquired Nuckulla Hill Gold Project, targeting promising prospects within a prolific shear zone. This move marks a pivotal step in unlocking the potential of a largely underexplored gold corridor in South Australia.

Lightning Minerals has initiated site preparations for a Phase 1 drilling campaign at the Mt Turner Gold Project in Queensland, aiming to unlock deeper gold mineralisation beneath historic pits. The move follows a recent funding boost and is part of the company’s proposed acquisition of Lotus Minerals.