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...
Strong commodity prices are expected to help fuel a continued climb in exploration spending in Queensland, after a 77 per cent rise in the past three years, a peak group says. Queensland Exploration Council chair Kim Wainwright said exploration expenditure in the state had been robust over most of the past 10 years, apart from a drop in 2015-17, but had been on a steep upwards trajectory sinc...
The drilling industry is encouraging more women into its ranks. Most drill rigs are still single-sex says Australian Drilling Industry Association board member, Charters Towers driller and outlier Sally Forgan. Ms Forgan says there’s pressure to change the balance. “There is a shortage in our industry … especially attracting new talent to the pool is quite problematic sometimes,” she say...
Australian drilling firm DDH1 Group has launched a $150 million initial public offering valuing the company at $376.5 million. The group comprises the three brands DDH1 Drilling, Strike Drilling and Ranger Drilling. Founded in 2006, it operates a fleet of 96 mineral drilling rigs to support drilling programs throughout Australia. The prospectus indicates the business is expected to del...
Australia’s geoscientists benefited from a sharp increase in employment opportunities in the final quarter of 2020, according to new survey results. The greatest improvement was evident in Western Australia, where unemployment fell from 8 per cent to 2.6 per cent, while in Queensland the unemployment rate fell from 9.4 er cent to 5.3 per cent, the Australian Institute of Geoscientists survey s...
New Century Resources has launched a drilling program at the high-grade Silver King deposit as it weighs up future mining opportunities at the Century site. The Silver King lead-zinc-silver deposit is 3km west of the existing Century processing plant and, along with the East Fault Block, is the subject of a development study. New Century said there was potential for near-term development of...
Tartana Resources is snapping up a raft of Newcrest Mining tenements as it builds its presence in the Chillagoe area. The company, which is working towards a restart of the former Tartana copper sulphate plant, has negotiated a sale and purchase agreement with Newcrest for the Bulimba project. Tartana says the EPMS cover more than 1250sq km and would place it as one of the more significant ...
Castillo Copper has released what it describes as ‘game changing’ assay results confirming a major copper discovery at Big One deposit. The latest results significantly extend known mineralisation and clearly confirm there is a high-grade, shallow scalable copper system at the North West Queensland site, the company says. It is accelerating development plans for the deposit, wit...
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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