Latest Reverse Circulation Drilling News

Marquee Resources shareholders rejected key share issues tied to the Tungsten Mountain acquisition, prompting the company to scrap the deal and refocus capital on advancing and monetising its existing portfolio.

Santa Fe Minerals (ASX:SFM) has reported assay results from 16 diamond and reverse circulation drill holes at its Satama Gold Prospect in Côte d’Ivoire, confirming gold mineralisation over at least 2.5km strike and at depth. Drilling was hampered by an RC rig failure, prompting a shift to diamond drilling and plans to resume RC drilling for step-out targets.

Barton Gold has expanded its Tolmer silver discovery in South Australia, delivering multiple high-grade silver and gold assay results from a recent 3,677m drilling program. The western silver zone now stretches over 500 metres, while the eastern gold zone shows broad, high-grade gold mineralisation. Metallurgical testwork is set to begin, aiming to clarify recoverability and support resource modelling.

Kingfisher Mining’s recent drilling at the Allendale project near Broken Hill has validated significant high-grade lead-zinc-silver mineralisation, reinforcing its strategic position in the region’s base and precious metals sector.

Neometals has reported encouraging copper assay results from its July 2026 reverse circulation drilling at the Rinaldi prospect within the Barrambie Gold Project, confirming primary sulphide mineralisation and outlining plans for further diamond drilling and geophysical surveys.

Dreadnought Resources has validated significant high-grade tungsten mineralisation at its Mangaroon and Mangaroon South projects in WA, with rock chip assays far exceeding typical global grades. Drilling at the key Nina target is slated for late 2026 or early 2027, while systematic mapping and sampling at Mangaroon South will start in September.

Novo Resources has progressed its Belltopper Gold Project with a planned diamond drilling campaign and completed maiden Pilbara drilling programs, while reporting a $3.9 million net loss for H1 2026 and bolstering liquidity through capital raises.

Accelerate Resources has identified over 200 manganese outcrops spanning nearly 10 hectares at its Woodie Woodie North Project, with rock-chip assays hitting up to 58.4% manganese. The company is gearing up for its maiden reverse circulation drilling campaign in September 2026.

Corazon Mining (ASX:CZN) has kicked off a 2,000m reverse circulation drilling program at its Wembley gold prospect within the Feather Cap Project, aiming to test the continuity of historically high-grade, shallow gold mineralisation and explore a broader structural corridor in Western Australia’s Bryah-Padbury Basin.

Stelar Metals has reported exceptional high-grade tungsten assays from Phase 2 sampling at Hill of Leaders, with grades up to 15.7% WO3 extending mineralisation beyond previous footprints. The company is gearing up for its first 3,000m reverse circulation drilling program amid strong market conditions for tungsten.

iTech Minerals has confirmed further significant shallow gold and antimony intersections at its Falchion Prospect in the Northern Territory, reinforcing the potential of the Reynolds Range Project.

Great Southern Mining has launched its first reverse circulation drilling program at the Amy Clarke discovery within its Duketon Gold Project, aiming to expand on promising shallow gold mineralisation identified over a 4.7km strike.