News

Junior gold explorer Firefly Resources (ASX: FFR) has reported “outstanding” results from the first four holes of a maiden drilling program at the recently-acquired Yalgoo gold project

Junior gold explorer Firefly Resources (ASX: FFR) has reported “outstanding” results from the first four holes of a maiden drilling program at the recently-acquired Yalgoo gold project in WA (reports Small Caps). The reverse circulation program intersected “spectacular” high-grade mineralisation at shallow depths near the historic Melville deposit, including a bonanza intercept of 1,439.55 grams per tonne gold.

read more

Drills are turning, and multiplying, in and around the Leonora-Laverton-Leinster ‘golden triangle’ of Western Australia

Drills are turning, and multiplying, in and around the Leonora-Laverton-Leinster ‘golden triangle’ of Western Australia and the arrival of a diamond rig at Genesis Minerals’ Ulysses project on the weekend is set to ramp up interest in activity there (reports MiningNews). Genesis recently raised A$19.5 million at 4.2c to fund the $13.5 million acquisition of the Kookynie gold project, expanding its tenure around the Ulysses (JORC 8.5 million tonnes grading 3.2gpt gold for 867,000oz) production target to more than 650sq.km.

read more

Macquarie Research has initiated coverage on Chalice Gold Mines (ASX: CHN) with an outperform rating and $1.80 price target

Macquarie Research has initiated coverage on Chalice Gold Mines (ASX: CHN) with an outperform rating and $1.80 price target, describing its Julimar nickel-PGE discovery in Western Australia as “one of the most significant greenfield discoveries in recent years”. Macquarie says it believes that drilling has already defined a deposit at the Julimar project, located ~70km north-east of Perth, that could underpin a ~270kozpa PGE operation with ~20ktpa of nickel-copper-cobalt by- products.

read more

Plus, DGO cleaning up on its 16% stake in De Grey and Firefly in a halt pending gold assays

Given De Grey Mining’s multi-million ounce Hemi gold discovery in the Pilbara, it’s not hard for a junior with exposure to gold exploration in the region to have a market cap of $50 million. And it’s not hard for a junior with a WA iron ore deposit and plans to become a boutique producer of the material to also have a $50m market cap, such is the allure of cashing in on $US127/t prices.

read more

Gold faded after a solid start to the week thanks largely to a stronger US dollar but as that was happening, more evidence emerged of renewed interest in copper and other commodities.

Gold faded after a solid start to the week thanks largely to a stronger US dollar but as that was happening, more evidence emerged of renewed interest in copper and other commodities. A series of events highlighted what could be the start of a significant rotation of capital with the raw materials sector challenging the dominance of technology and finance.

read more

The drillbit continues to point the way to an expansion of Red 5’s new hope

The drillbit continues to point the way to an expansion of Red 5’s new hope, the 4.1 million ounce King of the Hills mine near Leonora in Western Australia, with a string of intercepts outside its resource envelope that indicate areas for additional growth to feed a planned processing facility beyond the decade of planned life (reports MiningNews). Infill drilling within the known resource have also boosted the miner's confidence in its geological understanding of its opportunity as it prepares to finalise a feasibility study this month.

read more
4th September 2020

Auteco Minerals has upgraded the resource at its Pickle Crow gold project in Ontario to 1 million ounces of gold

Auteco Minerals has upgraded the resource at its Pickle Crow gold project in Ontario to 1 million ounces of gold, just seven months after acquiring the asset (reports MiningNews). Pickle Crow's inferred resource has increased by 170,000oz to 1Moz at 11.3 grams per tonne gold, using a 3.5gpt gold cut-off grade. The updated resource incorporated historical drilling, as well as drilling undertaken by Auteco.

read more

The Mount Peake vanadium-titanium-iron project in the Northern Territory is another step closer to development

The Mount Peake vanadium-titanium-iron project in the Northern Territory is another step closer to development as TNG Ltd (ASX: TNG) appoints KPMG Corporate Finance to assist with total project finance (reports Small Caps). Stage 1 development was estimated last year to cost $824 million.

read more

© 2020 Resources Rising Stars All Rights Reserved