Kalgoorlie Gold Mining (KalGold) has wrapped up a deal to secure a valuable 22km-long swathe of the Laverton tectonic zone, north of Ramelius Resources' 1.1-million-ounce Rebecca gold project in WA's Eastern Goldfields. The company appears to have hit early paydirt, stumping up visible gold in one of the first three RC holes probing its Kirgella Gift prospect.
Aurum Resources is edging towards exploration on its Ryans Find gold project north-east of Southern Cross after completing a two-day on-site heritage clearance survey alongside the land's traditional owners – the Marlinyu Ghoorlie Native Title Claimant Group. Management says drilling at its deposit will be scheduled once a report from the heritage consultants, Fremantle-based Terra Rosa, has been reviewed.
The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.
Javelin Minerals' latest testwork program has confirmed the presence of both gravity-recoverable gold and free-milling gold at its Coogee project near Kalgoorlie. Latest results also show copper can be recovered separately. Further testing will continue at the project, which last year unveiled a new gold mineral resource estimate of 1.42 million tonnes at 1.07 grams per tonne gold for a total of 49,000 ounces.
Mark Zeptner-led goldminer Ramelius Resources is continuing an acquisitive streak by launching a friendly scrip takeover for Eastern Goldfields explorer Breaker Resources.
Minerals explorer Aurum Resources is about to kick off a ground induced polarisation, or “IP” geophysical survey at its flagship Penny South gold project in WA's East Murchison in search of nickel and copper mineralisation. The IP gradient array survey over a 5.2 square kilometre block covers an historical anomalous nickel strike that returned 8m going 0.44 per cent nickel from 32m.
Meeka Metals has expanded the mineral resource at its Murchison gold project in outback WA to 1.2m ounces on the back of a 12 per cent increase to its Turnberry deposit in the historic gold-bearing region. The company is putting the finishing touches on a prefeasibility study with an eye to join several players mining in the region.
Kalgoorlie Gold Mining has completed a heritage survey at its Perrinvale gold project about 80km west of Leonora in WA that paves the way for boots on the ground exploration work. Historical campaigns unveiled a suite of anomalous target zones that were not fully examined and the company now plans to double-back and assess the potentially gold-bearing prospects.
Our board moves wrap includes Alwyn Vorster, Tommy McKeith, Frazer Tabeart, Colin Moorhead, Alex Passmore, Robert Ryan, Luis da Silva, Ian Farmer, Gemma Lee, Stephen Strubel, and Shaddrack Adjetey Sowah.
Askari Metals has received initial high-grade gold results from a third phase of RC drilling at the company's Burracoppin gold project in WA's Wheatbelt region. In June a total of 40 RC holes were drilled and now the assays are in from the first nine holes around the project's Christmas Gift prospect. Broad zones of gold mineralisation have been defined confirming a southern extension of gold at the prospect including a 10m hit at 1.38 g/t gold from 34m.
Kalgoorlie Gold Mining will soon test down-dip and high-grade gold extensions at its La Mascotte prospect that sits as part of the company's larger Bulong Taurus gold project in WA. The upcoming 3 hole, 600m campaign follows a review of legacy drill campaigns that delivered a slew of solid results from modest depths.
After poring over historical data mineral explorer Aurum Resources has confirmed the company's flagship Penny South gold project in WA's Mid West is also prospective for nickel along with a potential side of silver and zinc. Aurum intends to re-assay drill holes that were only ever assessed for gold as it looks to quantify the project's base metal potential.
Westgold Resources has braced investors for a hefty write-down across several assets ahead of its full-year results this week, mirroring a similar update by fellow mid-tier Ramelius Resources.
Buoyed by positive gold assays, ASX-listed Askari Metals has started a third round of RC drilling at its Burracoppin gold project in Western Australia's eastern Wheatbelt. The program will probe up to 3500m, with the explorer launching a volley of 13 holes before adjusting its aim and firing another volley of up to 40 holes.
Junior explorer Twenty Seven Co has unveiled a slew of gold-in-soil geochemical anomalies at its Yarbu gold project, 160km northeast of Southern Cross in Western Australia. The latest round of auger drilling has confirmed three previous anomalies etched out from last year's program along with highlighting a new target area with samples grading up to 92.7 parts per billion gold.
Twenty Seven Co. has completed a 335-hole auger drilling program at its wholly-owned Yarbu gold project. Drilling targeted soil gold anomalies with more than 20 parts per billion gold in soil, where combined lead-zinc values were also anomalous. The highest priority target was a soil gold anomaly with dimensions of 1.9 km by 1.4km returning gold results up to 164 parts per billion.
ASX-listed junior explorer Twenty Seven Co is gearing up for another round of auger drilling at its Yarbu gold project located approximately 160km northeast of Southern Cross in Western Australia. The campaign is designed to hit priority targets and infill anomalies detected in last year's exploration. It plans to sink a further 330 holes with assays expected in late May.
Goldminer Ramelius Resources is set to complete a compulsory acquisition of Apollo Consolidated, having acquired more than 90 per cent of the target's shares on issue.
Ramelius Resources is on track to complete a $180 million takeover of Apollo Consolidated, having acquired more than half of the explorer's issued capital.
Gold Road Resources says it won't increase its all-cash offer for explorer Apollo Consolidated after being outbid last week, but has left the door open with respect to its 19.9 per cent shareholding.
Ramelius Resources has lifted its offer for Apollo Consolidated to $181 million to trump that of takeover rival Gold Road after securing backing from the target's board and second largest shareholder.
Gold Road Resources has stepped in to counter Ramelius Resources' proposed takeover bid for Apollo Consolidated, tabling an all-cash unconditional offer.
Apollo Consolidated shares ascended after receiving an off-market takeover offer from WA gold player Ramelius Resources as the company ramps up pursuits for feasible gold assets.
Red 5 has reversed the operating strategy for its Darlot and King of the Hills mines in WA, while fellow goldminer Ramelius Resources also unveiled a new production plan.
ASX-listed explorer Victory Mines has extended the length of the gold-copper mineralised trend at its Coogee project near Kalgoorlie in Western Australia to 1km, with latest drilling results including 8m at 3.03 grams per tonne gold and 0.37 per cent copper from 124m in the “Eastern Trend” area. Assay results from other holes remain pending as the recently commenced drilling program motors on.
Twenty Seven Co has defined three broad areas of anomalous gold mineralisation at its Yarbu gold project north of Southern Cross in Western Australia, with one zone coming in it at a hefty 1.9km-by-1.4km. The company plans to drill-test the new targets located along the Marda-Diemals Greenstone Belt that also hosts Ramelius Resources' 280,000-ounce Marda gold project to the south.
Victory Mines has wrapped up a second round of reverse circulation drilling at its Coogee gold project 55km southeast of Kalgoorlie on the north-eastern shore of Lake Lefroy. One of the best intercepts from Victory's latest bundle of samples returned a broad width of 28m at 1.2 g/t gold from 128m downhole, including 16m at 1.68 g/t gold.
TNT Mines has nailed its first drill program at the Eureka gold project 50 kilometres north of Kalgoorlie after it hit 34 metres at 1.75 grams per tonne gold in one drill hole. The company has moved quickly to test the potential of the Eureka gold project after it reached an agreement to acquire 100 per cent of Warriedar Mining, the previous owner of the project back in October 2020.
Today's board moves wrap includes Peter Plakidis, Steve Parsons, Bruce Robertson, Paul Kiley, Adam Place, Bruce Kay, Trevor Ireland, Susan Field, and Bob Vassie.
