Latest Reverse Circulation Drilling News

DeSoto Resources has advanced its exploration in Guinea’s Siguiri Basin with a new JV alongside Fortuna Mining and impressive high-grade gold intercepts, supported by a recent $14 million capital raise.

Altitude Minerals has bolstered its exploration portfolio with strategic acquisitions in Nevada and New South Wales, commencing extensive drilling programs while maintaining a solid cash position of $1.9 million.

Australian Mines Limited reports strong gold drilling results at its Boa Vista project in Brazil and initiates new scandium-nickel-cobalt drilling in NSW, supported by a $4 million capital raise to accelerate exploration.

Dynamic Metals Limited has made significant strides in its Western Australian exploration projects, securing government funding and reporting promising early assay results. The company maintains a strong cash position to support ongoing activities across gold, lithium, and fluorite targets.

Bubalus Resources has completed its maiden drilling program at the Avon Plains Gold Project, with assay results due soon, while advancing exploration across multiple Victorian and Northern Territory projects.

Magmatic Resources has reported encouraging Phase 2 reverse circulation drilling results at its Weebo Gold Project, confirming shallow gold mineralisation along a 5 km strike at the Ockerburry and Scone Stone prospects. The results reinforce the exploration model and set the stage for upcoming air-core drilling outcomes.

Moho Resources has significantly expanded its Bush Chook Gold Project footprint in Western Australia, reporting promising high-grade gold assays and initiating its first drilling campaign at the Swan Prospect. The company also secured $2 million in funding to accelerate exploration activities.

Lunnon Metals reports encouraging assay results from its Hustler prospect, revealing a shallow, thick, and moderately high-grade gold zone. Meanwhile, diamond drilling at the Plentiful prospect is complete, with assays awaited.

Everest Metals has begun mining at its Mt Dimer Taipan Gold Project and reported strong drilling results at its Mt Edon Critical Minerals Project, advancing its position in gold and strategic minerals.

Brockman Mining has reported promising new drilling results at its Punda Springs Iron Ore Project, revealing high-grade iron intersections and opening up fresh exploration potential in the Western Zone. These findings reinforce the project’s prospectivity for significant iron ore resources in the Pilbara region.

Empire Resources has reported promising drill results from its Yuinmery Copper-Gold Project, revealing high-grade mineralisation and new gold prospects, while awaiting assay results from Pennys Gold drilling.

Javelin Minerals is advancing towards gold production at its Eureka Gold Project in Western Australia, targeting a June 2026 start under a new partnership with MEGA Resources. The company also identifies promising exploration targets at Coogee and maintains a solid cash position to support development.