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gold

Apr 27, 2021
Good start to Thalanga gold hunt

Good start to Thalanga gold hunt

Red River Resources has reported encouraging initial results from drilling at the Don and New Homestead prospects as it works to build a gold inventory within its Thalanga site. “The drill results received from the Don are an excellent start to our Thalanga gold exploration program, demonstrating the presence of gold mineralisation at shallow depths,” Red… ...

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Apr 23, 2021
Hammer builds war chest to advance copper-gold finds

Hammer builds war chest to advance copper-gold finds

Hammer Metals is pulling together a $6 million war chest to back an aggressive Mount Isa region copper exploration program following its Trafalgar discovery. The company has received firm commitments to raise $5 million under a share placement and will also launch a share purchase plan to existing shareholders to raise up to $1 million… ...

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Apr 19, 2021
GBM kicks off Yandan drilling campaign

GBM kicks off Yandan drilling campaign

GBM Resources has kicked off its diamond and RC drilling program at the Yandan gold project in Queensland’s Drummond Basin. The company has outlined a strategy to rapidly build a resource greater than one million ounces of gold within an 80km radius of the Yandan mining leases to accelerate development of a potential mining operation…. ...

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Apr 17, 2021
New large-scale targets at MaCauley Creek

New large-scale targets at MaCauley Creek

Inca Minerals says it has identified major new porphyry and skarn targets at its MaCauley Creek project, significantly upgrading its exploration potential. It follows an expert review of historical geophysical data, together with geochemistry data (soil and rock chip sampling) collected by Inca and by previous owners of the site, 100km west of Townsville. Among… ...

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Apr 14, 2021
Great Northern hits Camel Creek with 5000m drill campaign

Great Northern hits Camel Creek with 5000m drill campaign

Great Northern Minerals has kicked off a new drilling campaign at Camel Creek in North Queensland on the back of a recent $3 million fund raising. Two previous drilling programs completed at Camel Creek during 2020 highlighted the potential of a significant gold system, the company said. Numerous high-grade intersections were returned, extending over about… ...

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Apr 12, 2021
Sunshine Gold announces high-grade extensions to Big Hans

Sunshine Gold announces high-grade extensions to Big Hans

Sunshine Gold has released the final results from what it describes as an extremely successful drilling campaign at the Triumph gold project, 50km south of Gladstone. The company said its recent 7126m maiden RC drill campaign had been successful in delineating high-grade targets for follow up resource drilling in the September 2021 quarter. Sunshine Gold… ...

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Apr 10, 2021
Deal to see Porgera gold operations restart

Deal to see Porgera gold operations restart

The Porgera gold mine is on track to resume operations later this year after the Papua New Guinea government reached an agreement with Barrick Niugini on a partnership for its future ownership and operation. The Porgera operation, about 600km north-west of Port Moresby, PNG, has been on care and maintenance since April 2020 when the… ...

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Apr 08, 2021
Plateau mining a cash-positive prospect for Rockfire

Plateau mining a cash-positive prospect for Rockfire

Rockfire Resources says a preliminary scoping study has returned positive results for a small-scale, open-pit mining operation at the company’s Plateau gold deposit in North Queensland. The study indicated the operation would achieve a cash flow ranging from $6.8 million to $19.4 million, based on a spot gold price of $2220 ($US1718) per ounce. The… ...

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Mar 30, 2021
Far East Gold reveals Drummond Basin plans

Far East Gold reveals Drummond Basin plans

Far East Gold has revealed its upcoming work program after updating its earn-in agreement with Ellenkay Gold covering Queensland gold tenements Hill 212 and Mount Clark West. It is looking to bring on the first phase of planned work at the Drummond Basin tenements in April or May. Under Stage 1 of the updated earn-in… ...

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