Latest Gold Exploration News

Avira Resources has kicked off a 4,500-metre reverse circulation drilling program at its Mt Cattlin Gold Project in Western Australia, aiming to expand known high-grade zones and test new prospects ahead of a maiden resource estimate.

Resouro Strategic Metals has locked in a binding agreement with Future Mining and Buri Gold to fund and operate mining and processing at its Novo Mundo gold project in Brazil, aiming to generate cash flow without diverting capital from its flagship Tiros project.

Desert Metals Limited has raised $1 million through a placement at a 2.9% premium, backing exploration at its Scotty Lithium and Monger Gold projects alongside new growth opportunities.

Pacific Resources (ASX: PXR) has advanced its acquisition of the Snowstorm Gold Project in Victoria’s Eastern Goldfields by paying $160,000 to acquire a 50% stake in Mines of Stirling, the project’s owner. Completion of the acquisition, including full ownership, is expected by mid-July.

Avenira Limited has approved a $2.6 million budget to kickstart a comprehensive drilling and sampling campaign at its Jundee South Gold Project in Western Australia, aiming to unlock new gold targets within the prolific Yandal-Wiluna province.

Godolphin Resources has agreed to sell its 49% interest in the Calarie Project to Adavale Resources in a deal structured around shares and long-dated options, aligning with a strategic shift towards its core assets.

Union Star Metals (ASX: USM) has identified a significant concealed gold target beneath shallow volcanic cover at its Cobb Creek Project in Nevada, with integrated geophysical and geochemical data converging to define the prospect. Drilling is targeted for September 2026 following upcoming DDIP surveys and advanced permitting.

Zenith Minerals’ latest 10-hole RC drilling campaign at its Consolidated Dulcie Gold Project validates mineralisation continuity and extends gold lodes beyond previous resource limits, setting the stage for a more ambitious follow-up drilling program.

Minrex Resources has kicked off a fully funded 7,000-metre drilling program at its high-grade Barje Deposit in Serbia, aiming to convert inferred resources to indicated and update project economics by year-end.

WIN Metals has boosted its Radio Gold Project resource by 21% to 49,600 ounces at 4.2 g/t, underpinning plans for a near-term development decision backed by increased resource confidence and ongoing mining studies.

Lachlan Star has delivered further high-grade gold hits from its maiden diamond drilling at New Waverley, confirming a shallow, continuous quartz vein system with strike potential beyond 800 metres. A substantial reverse circulation drilling campaign is poised to expand the discovery.

Hamelin Gold has kicked off a 3,000-metre reverse circulation drilling program at its Day Dawn project in Western Australia's Paterson Province, aiming to validate and extend the high-grade Aurora Lode. The company plans follow-up drilling phases and deeper diamond drilling to explore a potential Telfer-style gold system.