Latest Rc Drilling News

Evergold Minerals has completed a busy exploration quarter at Mt Monger, where drilling confirmed broad and high-grade gold mineralisation and identified the new Vanguard zone. The progress comes with a lower cash balance of $2.765 million and an estimated 2.28 quarters of funding at the latest spending rate.

Talisman Mining has expanded the shallow gold footprint at its Sheepyard Prospect in New South Wales and is preparing RC drilling to test an untested anomaly at depth. The company has also raised about A$4 million, although part of the funding and director participation still require shareholder approval.

Tambourah Metals has reported high-grade gold at Baxters Sth, including a fresh-rock intersection of 3 metres at 35.5 g/t, while opening a $2.2 million entitlement offer to fund its exploration program. The results are encouraging, but the mineralisation remains an early-stage discovery with continuity and orientation yet to be established.

Constellation Resources has moved into fieldwork across its newly granted Edmund-Collier acreage while preparing laboratory data that could support a first prospective gas resource assessment. The company also outlined early 2027 copper-gold drilling at Ularring after reporting shallow mineralisation at Chatham.

Mt Malcolm Mines has reported high-grade shallow gold intercepts and mineralisation extending roughly 350 metres west of the previously drilled Golden Crown area. The results broaden the exploration target, but pending split assays and unknown true widths leave the resource-growth case unfinished.

Scorpion Minerals has outlined a materially larger open-pit opportunity at Old Prospect, with an optimisation identifying 16,159 ounces of gold from two pits. The result is an early development signal, but it depends on a A$6,000 per ounce gold assumption and is not yet a feasibility study or ore reserve.

Golden Dragon Mining has finished an approximately 2,800-metre RC drilling program at its Cue Gold Project after reporting high-grade results and a more than 3-kilometre gold corridor. The company also ended the September quarter with A$4.11 million in cash following a strategic A$2.2 million investment from Chengtun Gold.

Trek Metals has confirmed a shallow, high-grade manganese discovery at Kuro in Western Australia, with 38 of 72 Phase 1 holes returning significant intercepts. Follow-up drilling is complete, while the company has also secured an option over a second manganese project in Arizona.

Evergold Minerals will acquire the Rabbit Warren tenements near Leonora for $50,000 cash and $150,000 in shares, gaining access to a historic gold discovery with an untested 1982 intercept of 3 metres at 23 g/t. The opportunity is inexpensive, but the geological evidence remains largely historical and unverified.

Sabre Resources has completed its maiden 4,362-metre drilling program at Kurundi North, where surface sampling identified copper, bismuth, silver, zinc and lead associated with ironstone. The key test now moves to the laboratory, with 1,048 drill samples awaiting results expected in four to five weeks.

PC Gold has reported a run of thick, stacked gold intercepts at its 1.51Moz Spring Hill project, with five of eight diamond holes delivering best single intercepts of about 70 gram-metres or more. The results add momentum ahead of a targeted December Mineral Resource Estimate update, while coarse-gold sampling and pending assays remain important variables.

Lachlan Star has extended shallow, high-grade gold mineralisation at New Waverley while identifying soil and magnetic anomalies across more than 4km of prospective strike. A project-wide RC drilling program is due to begin in late October, with the company holding $5.203 million in cash at quarter end.