TYRANNA Resources has started its 2016 drilling program at the Jumbuck Gold Project in the northern Gawler Craton of South Australia. The first phase of 6200 metres of Reverse Circulation (RC) drilling forms part of an overall program of 15,000 to 20,000 metres for this year.
MINCOR Resources has embarked on a two-pronged growth strategy which will encompass nickel and gold development opportunities within the Kambalda district of Western Australia. Following the collapse in nickel prices and the resurgence in gold prices, Mincor intends to maintain its nickel assets while aggressively exploiting the gold potential of its landholdings.
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.