Latest Gold Exploration News

Metal Hawk has secured $1.2 million from sophisticated investors as RC drilling begins at the Numbat lode in Western Australia. The campaign will test whether the company’s strongest Leinster South gold intercept extends along strike and at depth.

Bayan Mining and Minerals has begun a third phase of surface sampling at its Bayan Springs South gold project in Nevada, extending an open southern anomaly and testing a previously unsampled northern fault intersection. The work is intended to sharpen drill targets, while assays from the company’s completed Desert Star RC program are expected in October 2026.

BPM Minerals has begun its first-ever drilling at the 6km Bonnie and Clyde gold-in-soil anomaly in Western Australia, launching a 10,000-metre campaign targeting possible Tropicana-style mineralisation. The exploration upside remains untested, with assays from Bonnie and Clyde and Beachcomber expected from late 2026 into early 2027.

CGN Resources has expanded its exploration footprint across gold and copper, but the annual report pairs that growth with a material going-concern uncertainty. The company ended FY2026 with $2.11 million in cash against $1.99 million of operating cash outflows.

Terrain Minerals has lodged a prospectus for a $1.6 million entitlement offer, with the proceeds earmarked mainly for drilling at Smokebush and Lightning. The raise comes with a substantial dilution warning and a going-concern qualification if funding is not secured.

Sunstone Metals has expanded its Bramaderos gold-equivalent resource to 3.6Moz and reported new Porotillo and Copete discoveries, but its FY2026 accounts carry a material uncertainty over going concern. A post-year-end A$9.94 million placement has improved liquidity, although further equity funding remains central to the exploration plan.

Great Boulder Resources has used FY2026 to make the leap from gold explorer toward producer, acquiring Peak Hill and securing a 481,000-ounce resource alongside its 1.02 million-ounce Side Well project. The strategic shift came with a A$9.93 million loss, a heavily expanded share count and a clear near-term test: whether 40,000 metres of drilling can support development by late 2027.

Bellavista Resources is advancing a 15,000-metre drilling campaign and early development studies at Pickle Crow, while assay results have been pushed into October after Canadian laboratory delays. At Brumby, continuity drilling is complete and CSIRO column leach testwork is being prepared.

Sultan Resources has applied for a 171.2km² copper-gold exploration licence in Namibia’s Central Damara Orogen, a region with established gold deposits and growing copper interest. The opportunity would add a sizeable new landholding without issuing consideration shares, although the licence remains subject to grant and has produced no company exploration results yet.

Mandrake Resources has secured the final regulatory approval for a planned 3,200-metre gold-copper drilling programme at its Berinka project in the Northern Territory. Mobilisation is scheduled for October, putting the company’s next exploration milestone within reach.

Forrestania Resources has reported wide, high-grade gold intersections from 15 additional reverse circulation holes at British Hill in Western Australia. A diamond rig is now being mobilised to test below current RC drilling limits as the company works towards a larger mineral resource estimate.

Terrain Minerals has posted a 54,000-ounce inferred gold resource at Lightning, alongside stronger exploration spending and a reduced FY2026 loss. The next test is whether further drilling, metallurgy and fresh capital can turn the starter resource into something more definitive.