Latest Rc Drilling News

ACDC Metals has moved Mount Jackson from target generation towards field execution, with BLM approval now in hand for a 15-hole program and up to 2,500 metres of RC drilling. The company ended September with $2.744 million in cash after raising $976,000 from an entitlement offer shortfall.

Marvel Gold completed 3,951 metres of maiden RC drilling at Hanang in Tanzania, but mechanical problems and early rains may prevent it reaching the planned 5,000-metre first phase. The company exited its Mali joint venture while ending the quarter with A$1.96 million in cash and an estimated 2.55 quarters of funding.

GoldArc Resources has completed its acquisition of seven Niagara West and Niagara North prospecting licences, extending its contiguous Leonora South exploration corridor. The A$1.5 million upfront price was paid in shares, while a further A$1 million depends on future resource milestones.

CZR Resources has reported its strongest Top Camp gold intercept to date, including 0.70 metres at 67.2 grams per tonne, while rock chips point to high-grade iron targets near BHP’s Yarrie operations. The results strengthen the exploration case, but further drilling is needed to establish continuity, thickness and scale.

ActivEX has increased the Mt Hogan project’s Inferred Mineral Resource by 30% to 403,000 ounces of contained gold, even after accounting for historical mining. The gain is encouraging, but the estimate remains global and Inferred, with coarse-gold sampling and data-quality gaps still limiting confidence.

Core Lithium has reported its longest mineralised intersection yet at the Blackbeard prospect, with diamond hole NMRD104 returning 92m at 1.25% Li2O. The result strengthens evidence of continuity near the Finniss processing plant, although assays remain pending and Blackbeard has no Mineral Resource.

S2 Resources has secured heritage and drilling approvals for two Jillewarra gold targets, while diamond drilling is now underway at Warraweena’s T37 prospect. The explorer ended September with A$17.35 million in cash and a further A$5.24 million Valkea Resources stake.

Hot Chili has confirmed a second porphyry centre south of its La Verde copper-gold discovery in Chile, with RC drilling returning a broad, shallow copper intersection. A deeper diamond hole shows extensive sulphide mineralisation visually, but laboratory assays are still required before the scale can be properly assessed.

BPM Minerals has completed 9,060 metres of a record Forelands drilling campaign, with post-quarter assays returning its best Beachcomber result to date. The company is now advancing maiden drilling at Bonnie & Clyde while working towards a maiden resource estimate targeted for the first half of 2027.

Terrain Minerals has begun preparations for its largest-ever drilling program, with 86 reverse circulation holes planned across the Smokebush project in Western Australia. The 10,905-metre campaign will test both the existing Lightning resource and seven new exploration targets, but no new exploration results have yet been reported.

Indiana Resources has completed drilling at Company Well and Minos, while heritage clearance unlocks the next stage at the 7km Ealbara gold anomaly. The exploration progress comes alongside a November CEO departure and an unresolved arbitration claim over US$13.05 million in Tanzania settlement proceeds.

Auric Mining has moved from study work towards execution at its Burbanks-Munda gold plan, securing processing infrastructure for A$1.2 million and reporting strong Munda drilling results. The company is targeting mining at Munda in late 2027 and first gold from Burbanks in early 2028, subject to approvals and project execution.