Latest Geology News

Truscott Mining Corporation has confirmed a $577,890 capital raise through a rights issue, explaining its exploration expenditure and operational status amid a drilling hiatus since late 2022. The company underscores its commitment to long-term project development and compliance with ASX listing requirements.

Fulcrum Lithium’s initial drilling at its Fairway project in Nevada returned modest lithium results, prompting the company to relinquish the claims. The move sharpens focus on its Alkali Flats project, where assay results are pending.

Diablo Resources has commenced its first-ever drilling campaign at the Phoenix Copper Project in Utah, targeting two promising prospects with strong surface copper indications. The fully funded program aims to unlock new copper resources near a major producing mine.

Falcon Metals has reported a spectacular 1.2m intercept grading 543 grams per tonne gold at its Blue Moon project in Victoria’s Bendigo Goldfield, signaling a promising new chapter in high-grade gold exploration.

Falcon Metals has reported a spectacular 1.2-meter intercept grading 543 grams per tonne gold at its Blue Moon project, marking a significant milestone in its exploration of the northern Bendigo Goldfield extension. The company’s aggressive drilling campaign and robust financial position set the stage for further discoveries in this historically rich gold province.

Siren Gold has raised $4 million through a well-supported placement to accelerate drilling and testing at its flagship Sams Creek Gold Project, alongside exploration at Langdons and Queen Charlotte.

Falcon Metals has raised A$20 million through a strongly supported placement to fund extensive diamond drilling at its Blue Moon gold prospect near Bendigo. The capital injection underscores institutional confidence in the company’s exploration strategy and high-grade gold potential.

Somerset Minerals (ASX – SMM) is advancing its Coppermine Project in Canada with promising maiden drill results and a $4 million placement to fund expanded exploration.

Somerset Minerals has raised $4 million to fund an aggressive Phase Two exploration campaign at its Coppermine copper project in Nunavut, aiming to build on strong initial drilling results and unlock multiple new discoveries across a vast landholding.

Alice Queen Limited has formally lodged a 15-year mining lease application for its Horn Island Gold Project, marking a significant step forward in its decade-long exploration journey and attracting strong partnership interest.

Venus Metals Corporation has updated its Mineral Resource Estimate for the Bellchambers Gold Deposit and Rangeview Prospect near Sandstone, revealing a notable increase in measured resources and securing a mining lease that advances the project towards development.

Mantle Minerals has completed the $13.5 million sale of its Mt Roe subsidiary to Northern Star Resources, redirecting funds to advance exploration at Yule River and Pardoo projects.