Latest Underground Drilling News

Krakatoa Resources has reported significant high-grade gold and antimony assay results from its Phase 1 drilling at the Zopkhito Project in Georgia, alongside a 12-month extension to its option period. The company plans an expanded exploration program in 2026 aimed at delivering a JORC-compliant resource.

Variscan Mines has achieved a pivotal permitting milestone for its San Jose Mine and reported its highest-grade zinc intercepts to date at the Udías Mine, advancing its Novales-Udías Zinc Project towards production.

Variscan Mines has locked in a A$1 million convertible loan note facility to accelerate exploration and development at its Novales-Udías Zinc Project in northern Spain. This funding underpins the company’s strategy to restart production at the high-grade San Jose Mine.

Ballymore Resources reports significant progress in Queensland with high-grade gold and silver-lead-zinc discoveries, advancing underground development and preparing for new drilling campaigns.

Tolu Minerals Limited reports steady progress at its Tolukuma Gold Mine, advancing a major mine expansion project targeting 500 tonnes per day production by the first quarter of 2027. Key infrastructure developments, drilling expansion, and processing plant refurbishments underpin the company’s growth strategy.

Krakatoa Resources has confirmed high-grade antimony and gold mineralisation at its Zopkhito Project in Georgia through its maiden drilling program, reinforcing historical estimates and setting the stage for a JORC-compliant resource.

PC Gold Ltd has secured approvals to re-open the historical Spring Hill underground adit, enabling cost-effective underground drilling to assess high-grade gold mineralisation and potentially expand its resource base.

Hillgrove Resources met its 2025 copper production and cost guidance, boosted ore reserves by 43%, and outlined ambitious growth plans for 2026 including expanded mining at Nugent and Emily Star.

Kingston Resources reported a 14% increase in quarterly revenue to $18.1 million despite a geotechnical setback, while underground mining development gains momentum and resource estimates grow by 29%.

Greatland Resources reports robust December quarter drilling results at Telfer, advancing a record 240,000m FY26 program with standout high-grade intercepts at West Dome Underground and promising regional exploration progress.

Ramelius Resources has reported exceptional high-grade gold intercepts from a 65,000m drilling campaign, reinforcing its 5-year production outlook and highlighting significant resource growth potential across multiple Western Australian projects.

Vault Minerals delivered a robust December quarter with 76,520 ounces of gold produced and significant progress on its King of the Hills processing plant expansion, positioning the company for higher throughput and full exposure to gold prices after closing its hedge book.