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Precious metals

Feb 23, 2021
Zenith delves deeper at Red Mountain

Zenith delves deeper at Red Mountain

Zenith Minerals has started a follow-up drill program to a depth of 400m at its Red Mountain gold project in Central Queensland. It comes after the company intersected high-grade near-surface gold in the maiden and subsequent drill programs last year. The results last year included 13m grading at 8g/t gold and 3.2g/t silver, and 15m at 3.5g/t gold including 2m grading at 22.4g/t gold. “S...

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Feb 16, 2021
New listing brings Chillagoe package to the bourse

New listing brings Chillagoe package to the bourse

R3D Resources has launched its $4.25 million public offering, boasting a portfolio of Chillagoe copper-gold assets through the acquisition of Tartana Resources. The merged company has a target listing date of March 30 and an indicative market cap of $21 million. Assets include the Tartana copper project, where re-establishing copper sulphate production using the existing processing infrastr...

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Jan 18, 2021
Wet halts Agate Creek mine as processing kicks off

Wet halts Agate Creek mine as processing kicks off

The first ore from the current mining campaign at North Queensland’s Agate Creek gold mine is running through the plant at Lorena, 15km east of Cloncurry. Mine owner Laneway Resources said there was about 4400 tonnes of 6g/t gold ore expected to be processed over the next 10 days. The company has temporarily suspended operations at Agate Creek, about 40km south of Forsayth, due to loc...

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Jan 14, 2021
Yandan gold project sale finalised

Yandan gold project sale finalised

GBM Resources has completed its acquisition of the Yandan gold project from copper-gold producer Aeris Resources. Aeris receives $3 million in GBM shares (at $0.135 per share) and a 1.5 per cent Net Smelter Royalty on the first 300,000 oz of gold equivalent mined from the Yandan tenements. The company has also subscribed for a placement of $1 million of shares in GBM at $0.135 per share. ...

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Dec 18, 2020
Ausmex firms plans for Comstock gold start

Ausmex firms plans for Comstock gold start

Ausmex Mining Group is continuing to head for an early 2021 start to production at its Comstock gold mine, after a final draft feasibility study indicating a ‘highly robust return on investment’. Comstock is an historical high-grade gold mine that forms part of the Golden Mile project area and lies about 500m north of the Ausmex flagship Mount Freda project near Cloncurry. Aus...

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Dec 14, 2020
Upgraded gold resource at Steam Engine project

Upgraded gold resource at Steam Engine project

Recent drilling has increased the mineral resource estimate at the Steam Engine project in North Queensland to 112,000 ounces of gold. A scoping study into potential mining at the site is expected to be released during mid-January 2021 after being set back due to delays in assay results. It comes as project owner Superior Resources highlights expectations of a bull market for gold continuin...

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Dec 10, 2020
Evolution firms grip on potential Mount Carlton feed

Evolution firms grip on potential Mount Carlton feed

Evolution Mining has secured complete ownership of the Crush Creek project after drill results demonstrating its potential to extend the life of the nearby Mount Carlton gold operation. Evolution entered into an earn-in agreement with Basin Gold last year over the Crush Creek project, 30km south-east of the Mount Carlton mining and processing operation. Evolution has now achieved the requi...

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Dec 03, 2020
Golden Mile mines in fast lane for 2021 start

Golden Mile mines in fast lane for 2021 start

Cloncurry gold developer Ausmex Mining Group says it expects to start mining in the first quarter of 2021 at the historic Comstock, Falcon and Shamrock gold mines. They are part of a group of eight high-grade historical gold mines thatmake up the Golden Mile project. Independent mine management group Minecraft had been appointedmanagers of the project, Ausmex managing director Aaron Day sai...

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Nov 17, 2020
Minotaur keen to start work at new tenements

Minotaur keen to start work at new tenements

Minotaur Exploration has completed its due diligence and will proceed to acquire the Pyramid gold project in North Queensland from Avira Resources. Minotaur said it was attracted to the tenement group by the very credible drilling history and an extensive geochemical database, positioning Pyramid as a compilation of advanced gold exploration prospects. West Pyramid Range offered significan...

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