URANIUM developer and explorer Toro Energy has entered into a Heads of Agreement (HoA) with OZ Minerals to explore for nickel on two tenements near Toro’s Lake Maitland uranium deposit in Western Australia. OZ can spend Aus$5 million to earn up to a 70% interest in the non-uranium rights of the two tenements.
A 15-HOLE maiden drilling campaign at Erdene Resource Development Corp’s Bayan Khundii Gold Project in southwest Mongolia has established lateral and vertical extensions of the high-grade Striker Zone. Additional exploration is in the planning stage and is expected to include a second phase of diamond drilling and metallurgical testing during the first half of 2016.
AN extensive new near-mine and regional copper exploration program at Syndicated Metals’ key copper-gold projects in North Queensland has identified a series of new exploration targets which represent priority drilling opportunities. The program is consistent with Syndicated’s objective of growing its copper inventory within economic distance of the Barbara Copper-Gold Project.
Ramelius Resources has discovered significant high grade gold mineralization with the first deeper exploration drill hole below the shallow Milky Way open pit, which is 3.6km southwest of the Checker Gold Mill at Mt Magnet in Western Australia. The hole intersected 6 metres from 189 metres @ 11.64 grams/tonne gold, including 2 metres from 190 metres @ 33.4 grams/tonne.