Latest Volcanic Hosted Massive Sulphide News

Nimy Resources has confirmed extensive soil geochemistry anomalies for gold and base metals at its Mons Project in Western Australia, setting the stage for a detailed ground electromagnetic survey and maiden drilling.

QMines Limited has locked in a $15 million strategic funding package with QIC to fully finance its Mt Chalmers Definitive Feasibility Study, while completing a substantial drilling campaign at Mount Mackenzie and launching a major 10,000m drill program at Mt Chalmers.

Great Western Exploration has kicked off a reverse circulation drilling campaign at its promising Juggernaut copper-gold targets, with assay results from Diorama aircore drilling expected soon. The company also plans potash monitoring at Lake Way and faces pending tenement forfeiture hearings.

Anax Metals (ASX: ANX) is launching a high-impact 18-hole diamond drilling campaign at its Whim Creek Project, aiming to extend the Mons Cupri VHMS deposit and uncover new mineralisation with modern techniques.

Great Western Exploration has kicked off a reverse circulation drilling campaign at its Juggernaut copper-gold project in Western Australia's Yerrida Basin, testing six volcanic-hosted massive sulphide targets with strong parallels to the nearby DeGrussa deposit.

Godolphin Resources’ mineralogical study at Lewis Ponds reveals talc dilution in lead concentrate, proposing a pre-flotation step that could double lead grade and boost precious metals recovery.

Kingston Resources has boosted the Southern Ore Zone (SOZ) Mineral Resource at Mineral Hill by 50%, expanding the mining inventory and underpinning plans for reserve growth and plant expansion.

Mt Malcolm Mines has fully placed the shortfall from its May rights issue, raising an additional $769,773 through issuing nearly 110 million shares. The funds will support a feasibility study for a 500,000 tpa CIP plant at Leonora and ongoing exploration at the Malcolm Gold Project.

Mt Malcolm Mines has successfully closed a $1.04 million rights issue, securing capital to advance a processing plant feasibility study and exploration at its Malcolm Gold Project in Western Australia.

PolarX Limited confirms multiple exceptional copper assays at its Alaska Range JV, extending mineralisation and kicking off a major 10,000m drilling campaign funded by Northern Star Resources.

Great Western Exploration has kicked off a 3,000m air core drilling program at its Diorama copper-gold target in Western Australia, aiming to test a large copper anomaly indicative of DeGrussa-style VHMS mineralisation.

Vita Resources NL is accelerating exploration across its diverse portfolio, expanding drilling at its Ninnis Gold Project in WA and confirming polymetallic upgrades at its ICE Project in Canada.