Latest Underground Drilling News

Kingston Resources has launched a new drilling campaign at its Mineral Hill Mine, deploying two rigs to target high-grade extensions and near-mine discoveries. Early assays from Long Panel rock chips show promising copper grades, underpinning the company’s growth ambitions.

Rox Resources has successfully raised approximately A$200 million through a major institutional placement, securing full equity funding for the development of its Youanmi Gold Project. Supported by cornerstone investors and existing shareholders, the company is positioned to advance construction and begin gold production by mid-2027.

Brightstar Resources has reported promising high-grade drilling results at its Second Fortune and Fish gold mines, indicating potential extensions to mine life and new ore sources for its planned Laverton mill.

Krakatoa Resources reports significant progress in drilling at its Zopkhito Antimony-Gold Project in Georgia, with most holes intersecting visible antimony mineralisation. Assay results are eagerly awaited to validate historical resource estimates and support a maiden JORC-compliant Mineral Resource.

Variscan Mines has reported new underground drilling results at the Udías Mine, revealing high-grade zinc mineralisation exceeding 20% zinc outside the existing resource estimate. These findings reinforce the potential for resource expansion and support ongoing mine development plans.

Haranga Resources is making significant operational progress at its Lincoln Gold Project in California, moving closer to delivering a JORC-compliant resource estimate through underground drilling and infrastructure upgrades.

Black Cat Syndicate’s ongoing underground drilling at Paulsens continues to reveal high-grade gold zones beyond current resources, supporting their More Gold, Sooner strategy. With 36 assay results pending and development advancing, the mine’s growth potential is increasingly evident.

29Metals Limited has reported promising high-grade copper, zinc, and gold resource extension drilling results at its Golden Grove mine, revealing potential for significant mine life extensions and a large mineralised system at depth.

Alkane Resources has announced significant new gold mineralisation discoveries at its Tomingley Gold Operations in NSW, revealing promising expansions at the McLeans and Roswell underground deposits.

Ballymore Resources has reported strong high-grade gold assay results from its Dittmer Project in Queensland, alongside key regulatory progress and a successful $4.5 million capital raise to fund ongoing exploration.

Variscan Mines secures key regulatory approval and expands its zinc exploration footprint with a major historic drillhole acquisition, backed by a $2.25 million capital raise.

Aeris Resources has announced a significant $90 million equity raise through a placement and share purchase plan, aiming to strengthen its balance sheet and fund key growth projects. The raise comes with a discount to recent share prices and supports the company’s strategic expansion and operational improvements.