Tag: Mining

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Morning News Bites – August 20

In Today’s Morning News Bites for August 20. Qantas profits fall 91% as 6000 jobs are axed. Wesfarmers slashes the value of Target by $525 million. Pantoro reports Scotia Mining Centre has been expanded once again due to new zone discovery. 

The Scotia Mining Centre has once again been expanded with the discovery a new zone of near surface mineralisation at Green Lantern, south east of the existing Scotia open pit, located approximately 25 km south of Norseman in Western Australia. Commenting on the results Pantoro Managing Director Paul Cmrlec said, “We are excited about the long-term potential of the area, and continue to test additional surface targets while we commence the drill out of depth extensions to the existing high grade orebodies.”

Impact Minerals Limited announces that drilling has now commenced at the Platinum Springs Prospect at the company’s Broken Hill nickel-copper-platinum group metal (PGM) project in New South Wales. Three prospects to be drill tested to follow up previous drill intercepts such as: 2.75 metres at 3.5 g/t platinum, 7 g/t palladium, 0.4 g/t gold, 2% copper, 1.9% nickel and 11.6 g/t silver from 55 metres down hole; and 1.5. metres at 1.7% nickel, 1.3% copper, 4.3 g/t palladium, 3.05 g/t platinum and 1.08 g/t gold.

Minotaur Exploration and Avira Resources Ltd have signed a binding Terms Sheet under which, subject to it satisfying its due diligence requirements, Minotaur may acquire 100% ownership of the Pyramid tenement group located 180km south of Townsville. The project, covering 150km2, embraces two main areas prospective for gold, being the West Pyramid Range and East Pyramid Range. Historic high-grade gold drill intercepts, such as 35m @ 6.1g/t and 15m @ 5.65g/t, with ground electrical geophysics to refine mineralised trends.

Field work activities are underway at its 1,050km2 Kurnalpi project 50km east of Kalgoorlie, according to Riversgold Limited. Field crew have mobilised to site and commenced work, with Simon Bolster coordinating sampling activities on site and validating remote sensing regolith interpretation. Initial work will focus on the infill and extension of Farr-Jones and Cutler geochemical surveys where historical gold intercepts include highlights of; 10 metres at 11 g/t Au (Cutler) and 3 metres at 17.8 g/t Au (Farr-Jones).

Mandrake Resources Limited provides a progress update on drilling currently underway targeting gold mineralisation at the Berinka Pine Creek Gold Project in the Northern Territory. The reverse circulation (RC) drilling programme is focused on strong gold anomalies derived from historic soil, rock chip and trench sampling across four separate prospects – Vegetation Anomaly, Terry’s Gap, Cross and Sandy Creek.

 

 

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Morning News Bites – August 18

In Today’s Morning News Bites for August 18. KCGM release their reserves, resources and guidance update for FY21. 

KCGM have set an FY21 guidance of 440,000 – 480,000oz at AISC of A$1,470 – 1,570/oz3, growth capital budget at A$198m (A$12m on exploration), and an expectation of production to rise to +675,000ozpa.  Further growth is supported by a large quantity of significant drill results across the KCGM portfolio that sit outside of current Reserves, including at Fimiston South open pit, OBH open pit, Fimiston South underground and Mt Charlotte underground.

Saracen Mineral Holdings report a new 7 year group production outlook. It was underwritten by 8.6Moz in Reserves and resources of 320Mt @ 1.7g/t for 17.0Moz as of FY20. Group production guidance for FY21 of 600 – 640,000oz at an AISC of A$1,300 – A$1,400/oz. Saracen Managing Director Raleigh Finlayson said Saracen was on track to continue the Company’s long record of growing its production and expanding its inventory, saying “Saracen’s strategy of making opportunistic acquisitions and then unlocking their full value through exploration and development has created substantial value for shareholders for many years.”

Northern Star Resources report further increases in forecast production and more growth in reserves and resources as a result of the review conducted at its half-owned KCGM joint venture in WA. Production is forecast to rise to 1.15Moz in FY22 and 1.25Moz in FY23. The increased production is expected to drive down AISC by 10 per cent over the next two to three years. Following the inclusion of KCGM, Northern Star’s total Reserves have risen 102 per cent, or 5.5Moz, to 10.8Moz. Resources are up 67 per cent, or 12.7Moz, to 31.8Moz.

FY20 results are in for BHP. US$8.0 billion and Underlying attributable profit of US$9.1 billion broadly in line with the prior year. Net operating cash flow of US$15.7 billion, above US$15 billion for the fourth consecutive year, and free cash flow of US$8.1 billion. Capital and exploration expenditure within guidance at US$7.6 billion. Chief Executive Officer, Mike Henry: “BHP delivered a strong set of results for the 2020 financial year that reflect the strength, resilience and quality of our people and our portfolio. In a year marked by the challenges of the global COVID-19 pandemic, social unrest in Chile and commodity price volatility, we were safer, more reliable and lower cost.”

Golden Swan assays confirm exceptional drill intersection, with assays received returning: 9.0m (4.5m true width) @ 10.46% Ni on basal contact including 4.6m (2.3m true width) @ 13.8% Ni. Managing Director and CEO Peter Harold said, “The latest assay and drill results confirm the significance of the Golden Swan discovery. The thick, high grade nickel intersections in combination with favourable geological setting is pointing to something very exciting. Should Golden Swan continue to evolve and prove to be economically viable, the close proximity to the existing Silver Swan decline would allow mining operations be commence in a very short time-frame.”

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Morning News Bites – August 17

In Today’s Morning News Bites for August 17. 

Federal government to reveal details of vaccine trial agreements. JB Hi-Fi profits hit $302 million, boosted by people working from home. ASIC set to target the growing of Robinhood traders. 

Toro Energy recently completed a quartz vein outcrop sampling programme on the Golden Ways Target Area, which has yielded surface rock chip samples. The Golden Ways Target Area is located in the north of the Yandal Gold Project, near the Yandal Greenstone Belt in Western Australia. Highlights include samples of up to 14.7g/t gold and has generated anomalism over the entire 900m (approximate) strike length of outcropping quartz veins sampled. The anomalism identified in the quartz veins sampled in this programme will now undergo limited drill testing by reverse circulation (RC) drilling as part of the current planned 2020 exploration programme for the Yandal Gold Project. The RC rig is expected to mobilise to site in the coming weeks.

3D Resources report a 42% upgrade of gold in resources at the Adelong Goldfield. This includes a maiden resource for the Caledonian and Donkey Hill deposits, and a remodelling of resources at the Currajong deposit with the inclusion of a resource of parallel vein systems to the east. Chairman Mr Ian Hastings commented, saying “This maiden resource upgrade for the Adelong Goldfield Project is a clear sign of the exploration potential that the Company believes it can unlock. We are only scratching the surface and I look forward to quickly progressing further exploration activities.”

Krakatoa Resources commences diamond drilling at its Turon Project situated near Bathurst, NSW. The diamond drill program will test several exciting shallow gold targets situated within the Box Ridge and Quartz Ridge line of workings which strike over 2.4km and 1.6km respectively. The northern extension of the Quartz Ridge Mine where a shallow RAB drill program completed nearly 30 years ago identified several highly anomalous gold intercepts with results up to 10m @ 1.64g/t gold from the surface to end of hole. All holes were sampled throughout their developed length as a single composite sample of 10m and the anomalous results were never followed up. The program is expected to take approximately 4 weeks with assays to follow a further 3-4 weeks later.

Drilling has commenced at Smokebush Gold Project for Terrain Minerals, located approximately 65 kilometres west of Paynes Find within the Yalgoo mineral field of Western Australia. The maiden 1,000-meter RC drill program is now underway, the program may be enlarged subject to Terrain geologist’s ground interpretation and observations over the main target areas. Highlights that require work in historical sites include the Wildflower target which recorded 15m @ 1.4g/t Gold from 10m. The Smokebush project is considered by Terrain to be a high-quality gold exploration tenement package. Historic drilling is considered sparse and requires follow up exploration activities to further test their significant results.

Final permitting approvals for the Rover 1 drilling program to commence for Castile Resources, located approximately 80kms south west of West Arunta in the Northern Territory. Renewed Sacred Site Clearance Certificate has been received from the Central Land Council for the Rover 1 Gold Project tenements. Castile anticipates the drill rig will be mobilised to the Rover 1 site by Sunday 23 August 2020 and drilling operations will begin immediately after that.

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Morning News Bites – Aug 13

In today’s Morning News Bites for August 13. Telstra has reported a full year profit of $1.84b, down 14.4 per cent on the previous year staying within the telco’s guidance range. Flight Centre Travel Group has developed a longer liquidity runway to help it
overcome the challenges posed by COVID-19. Australian retail industry is hit the hardest since ABS recorded data.

Northern Star Resources reports that it is set to generate significant increases in production, cashflow and mine lives over the next two years. This strong growth outlook stems from its exploration success and accretive acquisitions and will require relatively limited capital expenditure. FY21 production guidance for Australian operations is 540,000-600,000oz at AISC of A$1,425- A$1,525/oz. Group Resources increased by 3.2Moz to 22.3Moz (after depletion of 912,000oz and acquisition of Bronzewing Project). Group Reserves increased 12%, or 600,000oz, to 6Moz (after depletion of 912,000oz). Executive Chair Bill Beament said the company was poised to achieve a new level of sustainable production,“We are entering the next chapter of growth on all levels of our business.”

Evolution Mining Limited has today released its financial results for FY20. It announces a strong performance in safety and sustainability; no material impact to operations from COVID-19. Statutory net profit after tax increased 38% to a record A$301.6 million (FY19: A$218.2 million). It also reports that it will pay a record final dividend for the year of 9 cents per share fully franked delivering a total FY20 dividend of 16 cents per share, a 68% increase on FY19.

Western Australian nickel company St George Mining Limited provides an update on the drilling programme underway at its flagship highgrade nickel-copper sulphide Mt Alexander Project, located in the north-eastern Goldfields, WA. Deep drilling intersects intrusive rocks at both the Investigators and Cathedrals Prospects, confirming the prospectivity for nickel-copper sulphides at depth. Diamond drilling continues at Investigators and underway at the Fairbridge Prospect.

Ardea Resources announce significant gold in first RC drilling at Aphrodite North, located approximately 80km north of Kalgoorlie-Boulder, WA. RC drilling at Aphrodite North has intercepted significant gold mineralisation in newly-defined mineralised lodes. Highlights include; 6m at 3.60g/t Au from 44m, including 2m at 9.99g/t Au from 44m. Managing Director, Andrew Penkethman, said, “On the basis of the initial results, a 2,600m follow up RC program has been designed, aiming to commence a drill out of the target zone to further define the gold mineralisation grade tenor and geometry.”

Confirmation of the securing of a drilling contractor to undertake RC drilling at its Pharos Project has been announced by Scorpion Minerals. Located approximately 50kms north west of Cue in the Murchison district of WA, it has signed a contract with iDrilling Australia to undertake a minimum of 5,000m of RC drilling to be completed during 2020, with an initial programme of 2,500m to commence from next week. All relevant approvals for drilling are in place.

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Morning News Bites – Aug 11

In today’s Morning News Bites for August 11. Gage Roads Brewery is to establish a flagship venue in Fremantle, Western Australia. Clean up continues after storms hit NSW South Coast. Victoria record 331 new cases and another 19 deaths.

Anglo Australian Resources provided an update on the ongoing drilling program at the company’s Mandilla Gold Project, south of Kalgoorlie in Western Australia. The results from the first four diamond holes drilled include highlights of: 13.4m @ 7.02g/t Au from 180.4m in MDRCD228 plus 1.82m @ 15.71g/t Au from 222.28m and 10.9m @ 1.52g/t Au from 196.2m in MDRCD229 plus 15.55m @ 1.12g/t Au from 260.45m. Managing Director Marc Ducler said: “We are keenly waiting assay results from the remaining holes in the program – with recently completed diamond holes intersecting albite/silica alteration, quartz veining and numerous occurrences of visible gold.”

Mandrake Resources Limited report the commencement of drilling targeting gold mineralisation at the Berinka Pine Creek Gold Project in the Northern Territory. Limited historical drilling at Terry’s prospect identified gold mineralisation – best intersections include: 4m @ 6.6g/t from 32m, 6m @ 3.8g/t from 18m and 5m @ 2.6g/t from 30m. Mandrake will be completing approximately 1,350m of RC drilling focused on strong gold anomalies derived from historic soil, rock chip and trench sampling across four separate prospects – Vegetation Anomaly, Terry’s Gap, Cross and Sandy Creek.

Phase 2 drilling at Mt Aubrey in Lachlan Fold Belt NSW has begun. Godolphin Resources Ltd report that the start of the drill programme (which was delayed by heavy rainfall in late July) has begun, with the first RC drill hole completed on Thursday 6 August. With a depth of 126 metres, intersecting good visible quartz veining. Drill samples from TMAR032 have been submitted to the laboratory for assay.

Drilling commences at historical high-grade gold mine, Mt Freda, located south of Cloncurry in Queensland. Ausmex report recent drilling results in this location, these include highlights of: 5m @ 7.90g/t Au incl 1 m @ 32.70g/t Au, 6m @ 4.80g/t Au incl 2m @ 13.2g/t Au and 1m @ 21.80g/t Au and 4m @ 6.30g/t Au incl 1m @ 19.20g/t Au. Mine planning, geotechnical and prefeasibility to commence after upgrade of Mt Freda

QEM Limited provided more highly successful results from recent independent processing test work at Julia Creek vanadium and oil shale project in North Queensland. Impressive vanadium extraction results achieved through testwork, including efficiencies up to 92% on shale ash, with a majority of extraction completed after 3 to 6 hrs. Further optimisation is possible and will be the focus of future programs. Managing Director Gavin Loyden said, “As Julia Creek has the potential to produce both vanadium and oil products, efficient extraction of both commodities is crucial for us to maximise the significant value potential we can derive from Julia Creek,”

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Morning News Bites – Aug 7

Supplied by Horizon

In Today’s Morning News Bites for August 7. Reports WA FIFO jobs could be filled by those out of the country, rather than out of the Eastern States. Employers set to gain better access to JobKeeper from September as federal government deals with Victorian COVID related drops in productivity and employment. Another night, another Gold high touching over – $2075US/oz.

Horizon Minerals advised their recent first milling campaign at Boorara delivered 1,050 ounces generating A$2.93 million in revenue with an average sale price of A$2,791 per ounce. According to Jon Price MD of Horizon Minerals “It is extremely pleasing to see the first mine to mill reconciliation coming in within expectations for the upper oxide areas of the orebody. This completes a very successful first phase of activity with mining rates well ahead of schedule, mined grades increasing and completing our first gold sales into this very high Australian gold price environment.”

Exploration teams are being mobilised this weekend to head to Aldoro Resources Penny South prospect where sites have been cleared and drilling ready to commence early next week. The drill program is set to target 3,000m air core and is set to take around 2 weeks. Targets include the southern extension of Penny West Shear. As well as granodiorite-mafic contact, the potential northwest extension of granodiorite unit and granodiorite-mafic contact. There is also a magnetic low feature along Youanmi Shear greenstone-granite contact, possible demagnetised zone similar to Youanmi.

Drilling is set to commence within two weeks for Caravel Minerals at their Ninan Prospect targeting near-surface, higher-grade copper-gold mineralisation. The upcoming drilling is set to help define the extent of known high grade copper-gold mineralisation.

Jadar Resources is finalising a $1 million placement to accelerate activity for its Yanamina Gold Project. There are plans to expedite the restart of the plant, and for general working capital purposes. The Yanamia Gold Project is in Peru.

Twenty Seven Co has received an extension to its Rover tenure. This extension covers an increase to the footprint by 80% to 461sqkm and contains three historic gold targets. CEO of Twenty Seven Co, Ian Warland Said “This is an exciting development for TSC as the tenure extension nearly doubles the size of the Rover Project and materially enhances the exploration upside for gold and base metal mineralisation. More significantly, we have three historic gold in soil anomalies along the Maynard greenstone belt that require follow-up.

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Morning News Bites – Aug 5

Todays morning news bites –

Gold is continuing to break records with a new high, it is now trading at over $2024US/oz. Virgin announce cuts to 3000 staff as they plan to adapt to “a new world”. The QLD borders officially close to NSW.

Loads of ore, like in the CAT 793 are potentially more attractive after the jump in gold overnight.
  • As uncertainty surrounding the global economy increases, so does the price of Gold, smashing it’s previous record that was made only last week of over $1954US/oz, it is now trading at over $2024US/oz ($2824AUD).
  • Meteoric Resources announce the mobilisation of the Palm Springs site. The 6,500m Stage 1 drilling program, which will consist of both RC and Diamond drilling, has been designed to confirm and extend the known high grade mineralisation associated with the plunging anticline to the south of the existing Butchers Creek open pit. Stage 1 will consist of approximately 23 RC holes (5,000m)  and 7 Diamond drill holes (1,500m) for a total of 6,500m of drilling.
  • Prodigy Gold report that drilling is underway at the Tulsa Prospect, situated within the North Arunta Project, a province scale gold opportunity with several multi-kilometre soil anomalies to be drilled in 2020. Tulsa is the first of five targets to be drilled this campaign and is located along strike from the high-grade Kroda Gold Prospect which returned 5m @ 15g/t Au and 9m @ 11.5 g/t Au from drilling in 2018. Managing Director, Matt Briggs said, “With a very robust exploration program mapped out for the remainder of this calendar year, I look forward to updating shareholders on exploration progress at regular intervals.”
  • Early construction works to start at Warrawoona gold project in WA, Calidus Resources reports. Managing Director Dave Reeves said: “The early works programme will ensure gold production starts as soon as possible at Warrawoona. Constructing access roads, the accommodation village and supplying communications to site paves the way for the main development works to kick off in earnest in the new year.
  • Another significant sulphide intersection at Golden Swan extends the new discovery until August 5th for Poseidon Nickel. Latest intersection is ~50m up-dip of discovery hole PBSD0029A which intersected 7.6m @ 8.8% Ni (true width = 4.3m) including 2.1m (1.2m TW) of massive sulphides grading 15.9% Ni. Managing Director and CEO Peter Harold commented, saying “With the installation of the underground loop nearing completion we hope to highlight further potential around the current Golden Swan intersections as our geological understanding of this area improves.“
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Morning News Bites – Aug 4

In today’s morning news bites:

Sharemarket has risen 6000 points at open. Wesfarmers announces Bunnings stores in Melbourne metro region will be closed for in-store retail, however trade will remain open while Target, Kmart and Officeworks will be unable to service customers in-store. The Reserve Bank meets today to discuss interest rates.

  • Saracen reports a record increases in reserves of 3.7Moz at 30 June 2020, up 12% from 3.3Moz at 30 June 2019 (an increase of 400,000oz despite 396,000oz depletion). The further increase in reserves strengthens Saracen’s position as a substantial, long-life, low-cost gold miner with 100% of its production from Western Australia. Managing Director Raleigh Finlayson said, “To grow Reserves by 400,000oz in a year despite depletion is a strong result. These ounces are made much more valuable by the fact that they are all in Western Australia and within very close proximity to existing processing facilities. These robust reserves ensure we have long-term, sustainable production in what is almost certainly the best place in the world to be a gold miner.”

  • Renascor has identified multiple drill-ready gold targets at its Carnding Project in South Australia’s Central Gawler Craton. Shallow Gold Drill Intercepts of up to 16 g/t in Central Gawler Craton Highlights, targets include the Soyuz Prospect, where previous drilling intersected shallow gold, with highlights including: 7m @ 5.14g/t Au from 26m to end of hole, including 2m @ 16.42 g/t Au from 30m1 and 6m @ 4.94g/t Au from 14m.
  • The 250-hole auger drilling program has been completed at its Twin Hills Gold Project in the Goldfields of Western Australia, according to eMetals. Drilling has tested almost 2 kilometres of strike of prospective shear zone south of the historical Twin Hills Gold Mine which has recorded historical production of 1,100 tonnes of ore at an average grade of 23.6 g/t and an historical resource of 17,541 tonnes at a grade of 20.86 g/t. Director Mathew Walker was pleased with the progress, saying “Twin Hills is an exciting exploration Project with over 5 kilometers of prospective strike length adjacent to two excised historical high grade gold mines. We are delighted that the recent auger geochemical program has validated our structural modelling and provide us with multiple ready to drill targets.”
  • According to Gladiator Resources, the previously delayed drilling program at the Marymia Gold Project has now been completed. A total of 31 AC holes for 1,922m have been completed, with composite samples to be couriered to Intertek Laboratories for gold analysis. Results are anticipated within the month and will be reported as soon as possible.
  • Apollo Consolidated provide an update on the progress of drilling at its Lake Rebecca Gold Project located 150km east of Kalgoorlie in Western Australia. Exploration, infill, and extensional drilling at the Duchess deposit delivers strong true-width mineralisation zones, with highlights of: 5m @ 6.98g/t Au incl. 1m @ 31.48g/t Au and 7m @ 3.90g/t Au.
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Morning News Bites – Jul 30

COVID-19 cases set to be announced to be over 700 in Victoria, ASX rises on opening and Boeing phases out production of 747 jumbo.

  • FMG provide their results for the Q4 and FY20. Record iron ore shipments of 47.3 million tonnes were recorded for the quarter and FY20 guidance was exceeded. FMG maintained a leading cost position of US$ 12.94/wmt. Chief Executive Elizabeth Gaines says “This was an outstanding performance which underpinned the operational excellence we delivered in FY20, particularly during a quarter when we implemented a range of measures in response to COVID-19. I am very proud of the team’s commitment and cooperation during this time which has sustained our contribution to the Western Australian and national economies through the reliable and secure supply of iron ore to our customers.

  • Grades up to 20.6 g/t Au have been reported by Middle Island Resources in assays from drilling of 44 new holes on Middle Island’s Old Town Well deposit within its Sandstone Gold Project in WA. Phase 2 drilling results for the remaining three new satellite deposits are anticipated to be reported in coming weeks.
  • Godolphin Resources announce drilling is to commence at Copper Hill East as soil assay results confirm & define strong gold-copper & copper anomalism located approximately 35 km north of Orange in NSW. The Phase 1 RC drill program is to commence in August 2020, which will test the gold-copper anomaly in the north of CHE for porphyry gold-copper style mineralisation and the native copper zone to the south.
  • High-grade intersection and visible gold at Apollo Hill as Saturn Metals report that ongoing RC drilling at Apollo Hill has returned significant new intersections, with highlights of 5m @ 32.6 g/t Au from 301m, Including 3m @ 54.2g/t Au from 301m within, 9m @ 18.2g/t Au from 301m. The result from this intersection is amongst the best intersections seen to date at Apollo Hill, and contains the highest-grade individual assay ever returned from the project being 1m @ 128.5g/t Au from 301m. Managing Director Ian Bamborough said: “The latest assay results continue to highlight the potential to improve both the scale and quality of the Apollo Hill gold system.”
  • Multiple high priority targets identified at Yass Gold Project following geological and geophysical data review. Celsius Resources Limited has identified ten priority gold targets within its 100% owned Yass Gold Project in the Lachlan Fold Belt region of NSW, Australia. Chairman Bill Oliver said, “The Lachlan Ford Belt is an increasingly active exploration region due to the exciting gold deposits which have recently been discovered. We are pleased to be able to generate some high-quality targets within the region at both the Yass and Cullarin West projects.”
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Morning News Bites – Jul 29

Rio Tinto is set to release it’s half-year profits after market close today, CIMIC Group are in advance talks for a potential sale of a 50% stake in Thiess and the banks instructed to reduce dividends.

  • St Barbara release its Q4 and FY20 report, indicating an increase in gold production from the previous financial year with 108,612 ounces (Q3 Mar FY20: 91,547 ounces), and a consolidated gold production of 381,887 ounces (in line with guidance of 370,000 to 400,000 ounces) for the year.

  • Alto Metals hit more high-grade gold at the Lord Nelson Sandstone Gold Project in WA, highlights from recent drilling include 12m @ 5.0g/t gold from 244m. A further five RC holes of the company’s initial 1,500m infill drilling program have been received, with highlights of 28m @ 3.1 g/t gold from 228m (including 12m @ 5.0 g/t gold from 244m). These latest results followed up on the previous high-grade gold results from the primary zone of mineralisation beneath the pit announced in late April of this year.
  • Pantoro Limited has commenced drilling at the Maybell Mining Centre, the last of the identified phase one start up mining targets. Initial results from shallow drilling from the Lord Percy Deposit (located to the northeast of the main Maybell Deposit) are extremely encouraging. It highlights a shallow high-grade lode system, the intercepts from surface to 60 metres depth include 4m @ 13.58 g/t Au and 1.10 m @ 13.40 g/t Au.
  • Middle Island Resources Limited announced significant assays from new McIntyre satellite gold deposit in WA. These results are emerging from the Company’s Phase 2 reverse circulation drilling campaign at the company’s Sandstone gold project in Western Australia. The new results complement those derived from Phase 1 RC drilling at McIntyre, including highlights of 24m @ 1.66g/t, 23m @ 1.40g/t, 11m @ 1.39g/t and 18m @ 1.35g/t Au.
  • Chalice Gold’s maiden diamond drill program at the Pyramid Hill Gold Project confirms a large gold system at the Karri Prospect, providing new drill targets for the next phase of exploration in Victoria. All six initial diamond drill holes at the Karri Prospect intersected tightly folded, upright stratigraphy and primary gold mineralisation and indicate that the potential for a tier-1 scale gold system.