Latest Mining And Drilling News

North Stawell Minerals Ltd (ASX, NSM) is advancing its gold exploration ambitions with a $3.6 million equity raising aimed at funding key projects near the prolific Stawell Gold Mine in Victoria. The capital injection will support drilling and geological modelling to unlock new gold discoveries under a thin sediment cover.

Resolution Minerals Ltd has entered a binding agreement to acquire the Horse Heaven Project in Idaho, a promising antimony-gold-silver-tungsten asset adjacent to a major US mine, with drilling planned for 2025.

Kula Gold reports impressive high-grade shallow gold intercepts from recent drilling at its Mt Palmer Gold Project, reinforcing the potential for low-cost open pit mining and expanding resource targets along a 10km belt.

Elevate Uranium has identified a substantial uranium mineralised envelope at its Namib IV tenement, expanding the Koppies Uranium Project and setting the stage for a maiden resource estimate later this year.

Estrella Resources has initiated Timor-Leste’s inaugural modern metallic minerals drilling campaign, targeting manganese at the Ira Miri Prospect. This milestone marks a new chapter in the country’s mineral exploration history.

Mt Malcolm Mines reports promising drilling results at Golden Crown and prepares for an infill program at Dumbarton, aiming to establish maiden resource estimates and advance towards production.

Black Cat Syndicate’s recent drilling at Kal East reveals promising high-grade gold intercepts at Imperial, suggesting a possible open pit cut-back, while extensive grade control drilling begins at Fingals to accelerate production.

High-Tech Metals has signed a joint venture with SSH Mining to drill, test, and sell historic low-grade gold stockpiles at Mt Fisher, aiming for early cash flow and project advancement.

Breakthrough Minerals has resolved a critical regulatory issue allowing the Errolls Gold Project acquisition to proceed, with drilling set to begin next quarter targeting high-grade gold extensions.

Brightstar Resources has reported impressive high-grade gold intercepts from its recent drilling at the Yunndaga deposit, reinforcing underground mining prospects and setting the stage for further resource growth.

Red Mountain Mining has initiated a 1000m reverse circulation drilling program at its Kiabye Gold Project in Western Australia, aiming to test newly identified magnetic anomalies and historic gold zones. The program is backed by recent capital raising and coincides with ongoing sampling at its Armidale Antimony-Gold Project.

Diablo Resources has identified four promising copper targets within its Phoenix Copper Project in the prolific Lisbon Valley Mining District, setting the stage for drilling in Q3 2025 amid a bullish copper market.