Latest Resource Upgrade News

Verity Resources has successfully raised $3 million through a two-tranche placement to accelerate drilling and resource upgrades at its Monument Gold Project amid strong gold market conditions.

Brightstar Resources has reported significant high-grade gold intercepts and visible gold in diamond drilling at its Yunndaga deposit, reinforcing the potential of the Menzies Gold Project ahead of a resource upgrade and maiden underground reserve declaration.

Larvotto Resources reports robust diamond drilling results at its Hillgrove project, confirming thick, high-grade gold-antimony mineralisation at Eleanora and Golden Gate. Exploration now shifts to promising new targets at Metz and Freehold.

Mandrake Resources has completed detailed mapping of the Precambrian basement at its Utah Lithium Project, revealing structural features that could concentrate lithium-rich brines. This milestone advances a brine flow modelling study aimed at pinpointing high-grade lithium zones within a 3.3Mt inferred resource.

Astral Resources reports strong assay results from in-fill drilling at the Iris Deposit within its Mandilla Gold Project, revealing high-grade gold intercepts that support an upcoming resource upgrade and ongoing feasibility studies.

St George Mining’s latest drilling assays at the Araxá Project in Brazil reveal exceptional grades of rare earth elements and niobium, signaling a potential major resource upgrade.

Flagship Minerals has commenced a comprehensive review of a vast dataset acquired from Anglo American for its Pantanillo Gold Project in Chile, confirming a large oxide gold system with exceptional drill results. This positions the company to fast-track a JORC-compliant Mineral Resource Estimate and advance towards production.

Sun Silver Limited has confirmed a significant northern extension of mineralisation at its Maverick Springs Project, with drill-hole MR25-212 intercepting 54.1m at 137g/t silver equivalent, including a standout 6.25m at 506g/t AgEq. This reinforces the project's potential for resource growth in one of Nevada's premier silver-gold deposits.

Advance Metals is advancing plans to convert over 100 million ounces of silver-equivalent Foreign Estimates into JORC-compliant resources across three high-grade Mexican projects, following recent acquisitions and drilling programs.

Sunshine Metals has initiated a 14-hole diamond drilling campaign at its Sybil Epithermal Gold Project, targeting key high-grade veins at Francis Creek. This marks a significant step in unlocking the potential of a largely underexplored gold system analogous to the nearby Pajingo mine.

Prospech Limited has announced a pro-rata renounceable entitlement offer aiming to raise up to $1.62 million to fund metallurgical testing and exploration at its Korsnäs rare earth elements project in Finland. The offer is partially underwritten and includes attaching options, reflecting the company’s ongoing development efforts and funding needs.

Horizon Gold has successfully completed its renounceable entitlement issue, raising nearly $7 million including a full shortfall placement, positioning the company for further development at its Gum Creek Gold Project.