Latest Mining And Drilling News

Encounter Resources has pinpointed a 1.2-kilometre copper-gold target zone at its Elsa prospect in WA’s Paterson Province, following a 10,000m RC drilling program that intersected broad, shallow mineralisation coinciding with extensive weathering and potential deeper sulphide zones.

Altoro Metals, formerly Variscan Mines, has officially rebranded and is set to begin maiden diamond drilling at its Guajaraz polymetallic project in Spain, backed by a $5 million capital raise.

Argent Minerals has bolstered confidence in its Kempfield silver-polymetallic project with deep diamond drilling results and appointed mining veteran Mike McKevitt as CEO to steer development efforts.

Hancock Prospecting's Hanrine subsidiary has fast-tracked its earn-in to a majority 51% stake in Titan Minerals' Linderos Copper Project in Ecuador, backed by extensive porphyry copper intersections from recent drilling.

Gateway Mining has kicked off reverse circulation drilling at its Yandal Gold Project, targeting major mineralised footprints identified by extensive aircore drilling. The company is deploying multiple rigs to rapidly delineate high-potential zones ahead of resource definition.

Mount Hope Mining has locked in a drill contractor for its Mt Solitary Phase 3 program, aiming to extend gold mineralisation and advance towards a maiden JORC resource by year-end.

Nelson Resources has reported exceptional underground channel sampling results from its Orleans Mine in Nevada, revealing bonanza silver and high-grade gold mineralisation. The company is preparing to launch diamond drilling to test extensions beyond existing workings.

Southern Cross Gold’s first deep drilling beneath Victoria’s historic Redcastle Goldfield has returned multiple high-grade gold and antimony hits, confirming the presence of Costerfield-style mineralization over a significant vertical extent.

Great Southern Mining (ASX:GSN) is pushing forward with aggressive drilling campaigns across its Western Australian and Queensland gold projects, supported by a recent $4.6 million equity placement. Early results hint at promising extensions of known mineralisation, setting the stage for further resource growth.

Unico Silver has secured permanent ownership of over 10,000 hectares critical to its Joaquin silver-gold project, replacing a limited mining easement and reducing development risk ahead of its Pre-Feasibility Study.

Riversgold has been granted a 21-year mining lease for its Northern Zone Gold Project near Kalgoorlie, clearing a major hurdle for development and triggering full funding from Mega Resources under a profit-sharing agreement.

Cauldron Energy has updated its Yanrey Uranium Project exploration target, expanding the prospective uranium resource range to between 89.7 and 269 million pounds of uranium oxide, excluding its existing 55 million pounds resource base.