The commencement of drilling marks the start of a fascinating program with an objective to scale the resource size of the Aucu gold deposit. With the exploration program formally approved and drilling expected throughout the year, constant news flow is expected.
Continuing significant, consistent mineralised widths has Namdini unfolding as a potentially large gold system, open in many directions with an initial exploration target expected in the September quarter 2016.
Alt Resources is currently drilling copper-gold targets at its flagship Paupong project near Jindabyne in southern New South Wales. The project is a greenfields discovery of outcropping gold-silver-base metal mineralisation.
Altech is aiming to become one of the world's leading suppliers of High Purity Alumina, which is a product in strong demand.
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Harry Karelis, chairman for Zelda, commented: “We are delighted that Zelda has received such strong support from key investor, Merchant Group highlighting the significant opportunity to be a leader in this fast moving and emerging sector."
Thundelarra is mobilising a drill rig to test the Garden Gully gold project, located located close to Doray Minerals' Andy Well and Metals X's Bluebird operating gold plants.
Funds raised will be applied to commercialise the company’s current research and development activities. These include expanding the Agency business; Commercialisation of XTatlasTM technology; and working capital.
Pantoro remains confident additional mine life will be added through exploration and continued mining extensions. News regarding results from the current underground diamond drilling is expected during the June quarter.
Cobalt levels are routinely in excess of 1,000ppm in the massive sulphide ore, with a peak value of 3,200 ppm intersected in one hole. Next up, a PFS is expected to be completed by the end of June 2016.
The Muga Potash Mine is positioned by Highfield to be one of, if not the highest margin global producer. The offtake sales agreements further de-risk the company as it moves towards commencing construction this year.
This is a quality acquisition secured at the right time in the cycle. It is a rare opportunity for a fraction of the cost of the commitments made by peers in bid rounds only a year or two ago.
Exterra said the Golden Orb Prospect represents a potential new discovery and a new priority target amongst a growing regional portfolio. Drilling is now underway, which will test other prospects at the Linden Gold Project.