Latest Mineral Resource Estimates News

Gorilla Gold reports compelling high-grade gold assay results from its Comet Vale Project, extending mineralisation at Lakeview and Cheer prospects. The company is ramping up drilling activity with five rigs to support a significant resource upgrade planned for late 2025.

Lunnon Metals has reported robust metallurgical test results for its Lady Herial gold deposit, confirming strong gold grades and recoveries that align with recent economic studies. These findings bolster the project’s development prospects amid ongoing negotiations with Gold Fields.

Variscan Mines has successfully completed the initial phase of its $2.5 million capital raise, bolstering funds for advancing its Novales-Udias zinc-lead project in Spain.

Benz Mining Corp. has raised A$30 million through a bought deal placement, enabling a significant ramp-up in drilling at its Glenburgh Gold Project in Western Australia. The company plans to deploy four rigs to explore both bulk tonnage and high-grade gold targets.

Redcastle Resources is progressing its Queen Alexandra gold project from scoping to pre-feasibility study preparation, focusing on closing critical data gaps and exploring funding options to accelerate development.

Great Boulder Resources has identified multiple new gold targets at its Side Well project in Western Australia through a recent geophysical survey, setting the stage for accelerated drilling activity with a second rig arriving soon.

Hawthorn Resources corrects its ASX announcement to include detailed Mineral Resource Estimates and confirms the Competent Person for its Anglo Saxon Gold Project. The company has also initiated an 8,000m drilling program aimed at expanding and de-risking the resource.

Nagambie Resources has completed a $1.2 million capital raise to fund diamond drilling at its Nagambie Mine, targeting a recent high-grade gold-antimony discovery and updating its mineral resource estimate.

DMC Mining Limited has withdrawn its August 2024 prospectus due to delays in securing exploration licences in Guinea, but remains committed to its critical minerals projects and plans a replacement prospectus once licences are granted.

Titan Minerals reports robust drilling results at its Dynasty Gold Project in Ecuador, revealing wide, high-grade gold and silver intercepts that promise resource expansion and improved mine economics.

Resouro Strategic Metals announces the immediate resignation of CEO Alistair Stephens, with Executive Chairman Christopher Eager stepping in as interim CEO. The company also plans to appoint a new Chairman to strengthen its leadership team.

Godolphin Resources has announced a substantial upgrade to its Lewis Ponds mineral resource, boosting contained gold to 470,000 ounces and silver to 21 million ounces, marking a significant step towards project development.