Latest Underground Drilling News

Ballymore Resources reports outstanding metallurgical test results from its Dittmer Project, confirming high recoveries of gold, silver, and copper through multiple processing methods, including promising cyanide alternatives.

Brightstar Resources has kicked off its second ore processing campaign under a key agreement with Genesis Minerals, while development at its Fish underground mine remains on track for first ore in June. The company is poised for growth with a near-complete feasibility study and increased drilling activity.

Ballymore Resources has reported exceptional high-grade gold intersections from its ongoing Stage 5 underground drilling at the Dittmer Project, reinforcing the potential of a large gold system in North Queensland.

Sierra Nevada Gold (ASX: SNX) has acquired 100% ownership of the historic New Pass Gold Mine in Nevada, extinguishing royalties and setting the stage for trial mining of its high-grade Superior Vein.

FireFly Metals reports significant high-grade copper and gold intersections extending over 200m beyond its current Mineral Resource at the Green Bay Project, prompting an aggressive expansion to seven drill rigs. Strong geophysical signals suggest substantial further resource growth potential.

Southern Cross Gold Consolidated Ltd has successfully arranged an upsized C$143 million funding round to fast-track its Sunday Creek Gold-Antimony Project in Victoria, Australia. This capital injection positions the company to advance drilling, underground development, and economic assessments over the coming years.

Ballymore Resources reports strong progress at its Queensland projects, highlighted by ongoing high-grade underground drilling at Dittmer and promising metallurgical testwork results. The company maintains a solid $4 million cash position while advancing exploration across its portfolio.

Variscan Mines Limited reported standout high-grade zinc and lead drill results from its Novales-Udias Project in northern Spain, alongside strong governmental support that bolsters its mine restart ambitions.

Great Divide Mining Ltd has taken a decisive step from explorer to gold producer by securing a farm-in agreement for the Adelong Gold Project and raising $2.05 million to fund production restart and exploration activities.

Ballymore Resources’ latest Stage 5 drilling at the Dittmer Project in North Queensland confirms the continuity of the displaced Duffer Lode extension, delivering significant high-grade gold, silver, and copper intersections. Ongoing metallurgical testing and processing discussions hint at a potential low CAPEX mine restart.

Vault Minerals reported robust March quarter results with 87,110 ounces of gold produced and significant progress on the King of the Hills plant upgrade, underpinning its medium to long-term growth strategy.

Variscan Mines reports strong progress in its maiden underground drilling at the Udias Mine, with assay results expected soon, while advancing critical studies for a mine restart at its Novales-Udias Project.