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gold

Mar 16, 2021
QMines launches IPO to back copper-gold project

QMines launches IPO to back copper-gold project

A Queensland-based company with plans to revive the Mount Chalmers copper-gold mine near Rockhampton is preparing to list on the ASX by mid-2021. QMines is targeting a $10 million IPO capital raising, plus oversubscriptions, with the funds set to back a major drilling campaign over two years. Its flagship project is the historical Mount Chalmers… ...

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Mar 12, 2021
Gold explorer to hit ASX and advance Qld projects

Gold explorer to hit ASX and advance Qld projects

Australasian Gold is launching an IPO to list on the stock exchange, with assets including two Queensland gold exploration projects. The company aims to raise $4.5 million through an offer of 22,500,000 shares at an issue price of $0.20, but may accept oversubscriptions totalling up to $1.5 million further. In a letter to potential investors,… ...

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Mar 11, 2021
Alice Queen says bula to Fiji gold with new deal

Alice Queen says bula to Fiji gold with new deal

Horn Island gold hopeful Alice Queen has entered a conditional agreement to acquire Fiji-based exploration company Viti Mining. Viti Mining and Alice Queen have worked together to secure recently granted applications for the Nabila prospect (SPL1514) and Viani prospect (SPL1513) in Fiji. Alice Queen will, subject to regulatory and completion conditions, acquire Viti Mining as… ...

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Mar 11, 2021
Aeris Resources briefings a golden opportunity

Aeris Resources briefings a golden opportunity

Cracow gold mine owner Aeris Resources is set to highlight its plans and commitment to the Wide Bay and Central Queensland regions at industry updates in Bundaberg and Gladstone this month. Aeris Resources acquired the Cracow gold operations from Evolution Mining in a $125 million deal last year. Aeris Resources executive chairman Andre Labuschagne will… ...

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Mar 09, 2021
Scoping study for Horn Island mine

Scoping study for Horn Island mine

Alice Queen has kicked off a scoping study to assess the economics of a potential open-pit operation at the historic Horn Island gold mine in the Torres Strait. The existing inferred resource of 7.9 Mt grading at 1.9 g/t gold for 492,000oz for an area adjacent to the abandoned pit will be updated as part… ...

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Mar 08, 2021
Gold intersections revealed on Horn Island

Gold intersections revealed on Horn Island

Phase one infill drilling at Alice Queen’s Horn Island project has returned numerous gold intersections. The reverse circulation drilling program targeted Alice’s wholly-owned ‘excluded zone’ within the project and is not part of the joint venture area with St Barbara. Alice completed 35 holes for 7,072m immediately west of the Horn Island pit in this latest campaign. The… ...

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Mar 04, 2021
Cannindah cashed up for Piccadilly exploration

Cannindah cashed up for Piccadilly exploration

Cannindah Resources has raised $1 million through a share placement to advance work on its Piccadilly gold project,  60km north of Charters Towers. The company this week reported that rock chip sampling had returned some high-grade gold results that highlighted the potential of the under-explored eastern section of the Piccadilly mining lease. Geological prospecting had… ...

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Mar 04, 2021
Ausmex sitting on 124,300oz gold resource

Ausmex sitting on 124,300oz gold resource

New estimates take the resource at Ausmex Mining Group’s Mount Freda complex near Cloncurry to 124,300oz of gold as the company continues to fine-tune mining plans. Ausmex said it was focused on completing the feasibility study for the historical Mount Freda mine, with the possibility of an open-cut mining operation to extend the pit as… ...

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Feb 23, 2021
Zenith delves deeper at Red Mountain

Zenith delves deeper at Red Mountain

Zenith Minerals has started a follow-up drill program to a depth of 400m at its Red Mountain gold project in Central Queensland. It comes after the company intersected high-grade near-surface gold in the maiden and subsequent drill programs last year. The results last year included 13m grading at 8g/t gold and 3.2g/t silver, and 15m… ...

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