Latest Rc Drilling News

Metal Hawk has reported its strongest Leinster South drilling result to date, including 9 metres at 12.3g/t gold at the Numbat lode. A $1.2 million placement is funding further RC and diamond drilling, with the next assays due in November.

Caspin Resources has reported a 45% increase in contained tin at its Kelpie Deposit, with a 6.5Mt resource now sitting within an optimised open-pit shell. The explorer is moving towards development-style work while awaiting assays from deeper drilling and testing a growing list of regional targets.

Industrial Minerals has cleared a key licensing hurdle at its newly acquired Laverton Gold Project, positioning the North Pool prospect for maiden RC drilling once heritage and regulatory approvals are complete. The company ended September with $2.50 million in cash after completing its $3 million placement and issuing shares tied to the acquisition and board changes.

Arika Resources has identified a previously unrecognised gold lode at its Kookynie project after drilling returned 19 metres at 7.99g/t gold, including 6 metres at 15.87g/t. The early-stage discovery sits above the historic Champion Main Reef and opens several follow-up targets along a 3km mineralised trend.

Accelerate Resources has begun maiden drilling at Gingarrigan, an untested prospect outside its existing Woodie Woodie North resource base, while securing A$1.1 million for exploration. The results will test whether surface manganese outcrops extend into a potentially broader mineralised system.

Venus Metals has completed a second 1,541-metre RC drilling program at Bellchambers after intersections including 20 metres at 2.72 g/t gold. The explorer ended September with $25.8 million in cash and Rox Resources shares, despite returning about $35 million to shareholders during the quarter.

Galileo Mining has expanded its near-term exploration pipeline at Norseman, with mineralised outcrop north of Callisto, two kilometre-scale PGM target zones at Mission Sill and a new gold prospect. The company ended September with approximately A$6.9 million in cash, funding aircore and RC programs already under way or scheduled.

Kincora Copper has paid A$100,000 for a nine-month option over six exploration licences covering 1,147km² across New South Wales and Victoria. The package includes Boree Creek, where a historical drill hole returned a 48-metre copper-gold interval that Kincora plans to test with diamond drilling.

Alchemy Resources has formalised a binding joint venture with Newcam Minerals, giving Newcam 60% of the Bryah Iron Ore Project and responsibility for advancing it towards feasibility. Alchemy retains a 40% interest free carried to a Decision to Mine, with drilling and environmental surveys due to begin shortly.

Peregrine Gold has advanced a portfolio of Pilbara gold targets, from a 4km auriferous palaeogravel zone at Capricorn to high-grade rock-chip results at Pilgangoora North. A $2.25 million placement strengthens the near-term exploration program, although quarter-end cash covered less than one quarter of reported outgoings before the raising.

Mamba Exploration has secured approvals for a maiden 6,000m RC drilling programme at Meeka East, while historical data supports a 3km copper corridor between Copper Hills and Lady Alma. A post-quarter $6.0 million placement leaves the explorer funded for its next phase, subject to the remaining tranche and exploration execution.

Austin Metals has sharpened its gold targets at Brunswick Hill and Mt Sandy after completing 4,215 metres of reverse circulation drilling, including a standout 12-metre intersection at 1.67 g/t gold. The exploration progress comes with a near-term funding question, as the company ended September with $1.091 million in cash and estimated funding of 1.11 quarters.