Cannindah Resources has raised $1 million through a share placement to advance work on its Piccadilly gold project, 60km north of Charters Towers. The company this week reported that rock chip sampling had returned some high-grade gold results that highlighted the potential of the under-explored eastern section of the Piccadilly mining lease. Geological prospecting had focused on an a...
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...
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...
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...
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...
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...
Transition Resources says it has ‘hit the jackpot’ near Cloncurry, identifying a multi-billion-tonne, gold-rich mineral system in its tenements. Recent drilling confirmed the system was capable of hosting high-grade gold and new economy metals such as tungsten, cobalt, and highly sought-after heavy rare earth elements, Transition Resources founder David Wilson said. He describ...
Three of Ravenswood’s landmark chimneys are undergoing extensive repair works to restore the structures to their former glory and ensure their survival for future generations. The chimneys were all part of working mine sites in the late 1800s and early 1900s. Local mine operator Ravenswood Gold said the structures had been repaired in 1979, but had remained untouched in the meantime –...
Superior Resources plans to launch into its Phase 2 drilling program at Steam Engine next week and deliver an initial scoping study for the gold project later this month. The latest batch of assays from the North Queensland project had continued to return robust high-grade intersections, Superior managing director Peter Hwang said. “The Phase 1 drilling has clearly demonstrated the r...
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