Matt Birney

Junior explorer, Torian Resources has commenced a major 17,500m drilling blitz at its Mt Stirling gold project near Leonora in WA. The campaign will test multiple regional gold targets, including recent discoveries, whilst also looking to lift the company’s existing 100,000 ounce plus Mt Stirling inferred resource to the higher confidence indicated category. An updated mineral resource estimate is anticipated to follow early in the new year.

Indonesian-focused explorer, Sihayo Gold is off to a flyer from regional exploration drilling at its Sihorbo South epithermal vein gold and silver prospect on the island of North Sumatra. Results from the first three holes sunk into the prospect have returned bumper grade gold and silver, including a tasty one metre strike going 198 grams per tonne gold from 89m.

Askari Metals has completed a maiden lithium sampling program across its pegmatite targets at its Red Peak Lithium project approximately 130 kilometres northwest of Meekatharra in WA. 35 samples were collected across four different mapped pegmatites for assay in addition to a petrographic analysis that was undertaken to assist in understanding the zonation and fractionation grade of the pegmatites.

Mineral exploration company, Kairos Minerals has wrapped up a 15,000 metre drilling blitz with a bang at its 873,000 ounce Mt York gold project in the Pilbara region of WA. Latest drilling has unveiled new gold lodes in areas with minimal past drilling that have delivered wide and shallow intercepts including 20m at 1.58 grams per tonne gold from just 28m depth.

Novo Resources has launched into a 15,000 metre drill program at its Nullagine gold project where it will focus on the company’s Parnell-Vulture prospect located a meagre 45 kilometres from its Golden Eagle processing plant in the Pilbara. The Parnell-Vulture prospect has an assortment of historical high-grade, near surface drill intercepts including a 9m hit going a commendable 8.4 grams per tonne gold.

Okapi Resources has appointed highly experienced mining executive Andrew Ferrier as the company’s new Managing Director. Ferrier brings with him over 15 years’ experience in corporate finance, management and principal investment roles in the global mining sector. He previously spent over a decade at Pacific Road Capital - a mining and metals-focused private equity investment firm with interests across Australia, Canada and the US.

Aldoro Resources is powering through a rock chip sampling program targeting high-interest lithium and rubidium pegmatites, following up some exciting previous rock chip samples at its Wyemandoo project approximately 80 kilometres southeast of Mount Magnet in WA. To date, 275 samples have been collected and of the 80 samples already analysed by portable XRF the overwhelming majority have returned highly anomalous rubidium values.

Venus Metals Corporation together with joint venture partner, Rox Resources, has struck several high-grade gold intersections at Youanmi in WA including a 3.87m hit grading a solid 9.9 grams per tonne gold from 328.33m downhole and a 3.62m hit going 6.49g/t from 315.42m downhole. The new parallel lode remains open in all directions and is on track to increase estimated gold resources at the Youanmi gold project.

Kalgoorlie Gold Mining commenced trading on the ASX yesterday after raising $7.5 million through its initial public offering. Drilling is already well underway at its flagship Bulong Taurus gold project near Kalgoorlie with a total of six holes completed to date targeting some bonanza historical grades, including a 5m hit grading a whopping 52.1 grams per tonne gold from 15m downhole.