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gold

Oct 19, 2020
GBM continues to build gold assets around Mount Coolon

GBM continues to build gold assets around Mount Coolon

GBM Resources is continuing to build on its Drummond Basin gold strategy by snapping up the Yandan gold project in the same region as its flagship Mount Coolon asset. At the same time it has announced completion of conditional placement to raise $5.4 million. The company has recently highlighted its intention to build a 1… ...

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Oct 16, 2020
Gold mining resumes at Agate Creek

Gold mining resumes at Agate Creek

Blast hole drilling has commenced for the restart of high-grade gold mining at Agate Creek in North Queensland. About 9000oz gold is to be mined in two stages from the Sherwood Pitin the current campaign. Project owner Laneway Resources said mining contractor Maas Group was mobilising heavy earthmoving machinery and blast hole drilling was underway… ...

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Oct 15, 2020
New results back Steam Engine northern stretch

New results back Steam Engine northern stretch

Six holes drilled to test a potential extension to the Steam Engine gold lode have come up trumps for Superior Resources. Strong assay results from the latest drilling at northern end of the lode extended gold mineralisation a further 150m along strike, the company said. “Although the latest batch of assays represent just six holes,… ...

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Oct 13, 2020
Zenith outlines high-grade zone at Red Mountain

Zenith outlines high-grade zone at Red Mountain

Zenith Minerals says work completed at Red Mountain has outlined a discrete sub-vertical high-grade gold zone. This high-grade gold zone remains open at depth and future programs will commence step-out drilling to assess size potential. New 1m resample results include 15m at 3.5 g/t gold including 2m at 22.4 g/t gold. “We are very pleased that… ...

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Oct 12, 2020
Green light for Tick Hill tailings operation

Green light for Tick Hill tailings operation

BIM Metals is expected to begin work on site this month in a project to extract gold from historical tailings dam stockpiles at Tick Hill. Tenement holder Carnaby Resources announced today that it had received the permitting required for the operation. The company in August reached an agreement to sell the tailings stockpiles in a… ...

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Oct 09, 2020
Drummond discoveries in QX Resources’ sights

Drummond discoveries in QX Resources’ sights

QX Resources has kicked off a soil sampling program at its Disney and Belyando tenements in Queensland’s Drummond Basin. The company – formerly Hipo Resources -said its technical team had been reviewing historical drill results and previous soil sampling reports to define a number of new highly prospective targets. Assays results are expected later this… ...

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Oct 06, 2020
Encouraging early results at Plateau gold project

Encouraging early results at Plateau gold project

Rockfire Resources says it is receiving encouraging results from a six-hole drill program at its Plateau gold project in North Queensland. Results from the second drill hole of the series have been received (hole BPL038), returning the largest gold intersection so far at Plateau, with mineralisation over the entire sampled interval of 341.3m at 0.2… ...

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Sep 30, 2020
More high-grade intercepts at Steam Engine

More high-grade intercepts at Steam Engine

Superior Resources has released the latest assays from drilling at its Steam Engine project near Greenvale, including a one-metre intercept of 47.5 g/t gold at shallow depth. The company said the results further boosted the consistently strong intersections returned from the first batch of results from the Steam Engine and Eastern Ridge lodes. “We are… ...

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Sep 24, 2020
Cashed up Minotaur plans northern field work

Cashed up Minotaur plans northern field work

Minotaur Exploration has raised more than $2 million towards projects including its new Pyramid gold asset in North Queensland. It had targeted $1 million in a share purchase plan that closed last week, but received applications of $3.4 million. The company said it acknowledged the strong expression of support by electing to increase the SPP… ...

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