Latest Gold Exploration News

Golden Horse Minerals has expanded the interpreted Hopes Hill gold system beyond 3 kilometres after completing 52,762 metres of drilling in the six months to June 30. The exploration push delivered multiple high-grade intersections and free-milling metallurgy, but came with no revenue, a $4.37 million loss and a sharp drawdown in cash.

Unity Metals has identified a series of demagnetised zones across more than 6km at its O’Phlay project in Cambodia, using drill-core data to refine targets for additional gold mineralisation. The company plans at least 22 holes across several prospects from early October.

Gateway Mining has identified a 3km undrilled gold target at Pewy, where geophysical features and nearby aircore results resemble the setting that preceded its Cowza discovery. First-pass drilling is scheduled for early October, backed by the company’s recently completed $45 million placement.

Westar Resources has identified three high-priority gold targets at its Jerrys Bore project after analysing 1,167 UltraFine+ soil samples. The anomalies coincide with gold pathfinder elements and interpreted structures, but drilling is still needed to establish whether buried mineralisation exists.

Cosmo Metals has secured a new exploration licence in New South Wales after reconnaissance work found copper-bearing outcrop and a selective rock chip sample grading 4.69% copper. The result is an early exploration signal, not evidence of a defined deposit, with mapping and further sampling still to come.

Golden Dragon Mining has extended the Cue Gold Project’s high-grade story, with Behring Bore returning 4 metres at 6.98 g/t gold and Coodardy mineralisation now defined across about 500 metres of strike. A larger 2,500-metre RC program will test whether the zones continue at depth and along strike.

Gateway Mining has secured firm commitments for a A$45 million placement, including A$20 million from Jupiter Asset Management, to fund an aggressive exploration campaign at its Yandal Gold Project. The raising follows a high-grade Cowza result and will issue 562.5 million new shares at a discount to market.

Terrain Minerals has secured a $1 million commitment from Gandel Metals at a 33.33% premium to market, anchoring a broader $2.513 million placement and rights issue. The funds will support the company’s largest planned RC drilling campaign at the Lightning gold and silver project.

Golden Mile Resources says follow-up surface sampling has expanded the exposed Aurora gold anomaly in Arizona to at least 280 metres wide and 450 metres along strike. The results strengthen the case for drilling, although the prospect remains an early-stage, undrilled target with open boundaries.

Austin Metals has sharpened two gold exploration models after 21 RC holes produced a standout 12-metre intersection at Brunswick Hill, including 1 metre at 12.70 g/t gold. The results also point to previously untested structural targets at Mt Sandy, although the drilling remains early-stage and true widths are not yet known.

Evergold has defined three priority gold targets at its Leonora Goldfields Project after combining 1,312 soil samples with detailed drone magnetics. The early-stage results sharpen the company’s exploration pipeline, but drilling is still needed to establish whether the surface anomalies continue into bedrock.

Kali Metals has reported a 2.36-metre intersection grading 10.8g/t gold from just 8.7 metres at its Marble Bar project in Western Australia. The Phase II results extend the shallow gold system across a cumulative 3km strike, but the project remains at the exploration stage with no mineral resource yet defined.