Latest Lachlan Fold Belt News

Southern Cross Gold Consolidated Ltd has intersected gold mineralization at a record depth of 1,236 metres below surface at its Sunday Creek project, significantly extending the known vertical extent of the Golden Dyke deposit.

Adavale Resources Limited has confirmed significant shallow gold mineralisation at its Victoria South Prospect, with historic drilling revealing bonanza grades up to 245.5g/t Au. These results suggest potential for a substantial extension of the existing 115,000-ounce London-Victoria gold resource.

Adavale Resources (ASX:ADD) has reported the identification of several high-quality near-mine gold targets at its London-Victoria Gold Mine within the Parkes Gold-Copper Project, NSW, supported by soil geochemistry and drone magnetics. The company plans to commence drilling shortly to test these targets, including a high-priority anomaly at Victoria South with peak soil gold values up to 600ppb Au.

MinRex Resources has received final court approval for its merger with Canadian explorer Electrum Discovery, setting the stage for a significant expansion beyond Australia. The deal is on track to complete in early April, promising to diversify MinRex’s portfolio with new projects in Serbia.

Lachlan Star Limited has raised $7.47 million through a share placement to accelerate exploration at its New Waverley Gold Project in Western Australia’s Norseman region. The capital injection positions the company to rapidly test high-potential gold targets and expand its drilling program.

Lachlan Star has completed its acquisition of a major interest in the New Waverley Gold Project in Western Australia, with a maiden diamond drilling program scheduled to start next week.

Adavale Resources is ramping up its drilling campaign at the London-Victoria Gold Mine, aiming to grow its existing 115,000oz gold resource with a second drill rig and expanded geophysical surveys.

Electrum Discovery Corp. shareholders have overwhelmingly approved a merger with MinRex Resources, setting the stage for a significant cross-continental consolidation in gold and base metals exploration.

Kuniko Limited has discovered a new sulphide mineralised zone at Silica Hill, extending beyond previous models, as it wraps up its maiden Phase I drilling program. Assay results are expected soon, setting the stage for an expanded Phase II campaign.

Black Horse Mining has reported exceptional high-grade gold results from its Mt Egerton project, including assays reaching 46.2 grams per tonne, extending known mineralisation vertically by 10 metres. The findings reinforce the potential for significant unmined gold lodes at shallow depths.

Godolphin Resources has revealed a significant 21% increase in gold recovery at its Lewis Ponds Project through the integration of gravity recoverable gold processing, potentially enhancing the project’s already robust economics.

Sultan Resources is advancing plans to list on the US OTC Markets Group, aiming to enhance liquidity and attract North American investors while pursuing strategic acquisitions.