Unico Silver (ASX:USL) has mobilised a second diamond drill rig to its wholly owned Joaquin Project in Santa Cruz, Argentina after first assays demonstrated the resource growth potential. Phase one of the program consisted of 2,712m of reverse circulation drilling across 20 holes. A second drill rig will test the area for deeper extensions, supporting […]
Marimaca Copper (ASX:MC2) has extended drilling at the Pampa Medina Norte Project within the northern extension of the Pampa Medina deposit in Chile, following results at recently discovered drillhole SMD-01. Located 26km from Marimaca’s flagship oxide deposit, drillhole SMD-01 was the first target of diamond drilling and the depth-extension of reverse circulation drilling. Results from […]
Culpeo Minerals (ASX:CPO) will advance its portfolio of copper projects in the Coastal Cordillera of Chile following binding commitments for a placement to raise $3.02 million. Proceeds will be primarily focused on developing the Lana Corina Project, where the company has scheduled up to 4,000m of maiden drilling at the Vista Montana prospect. Unified Capital […]
A subsidiary of Robert Friedland-backed Ivanhoe Electric (TSX:IE) will bank US$100 million ($156.3 million) from the sale of the remaining 50% stake in the Alacrán Copper Project in Colombia. Ivanhoe Electric’s 63% owned subsidiary Cordoba Minerals (TSX-V:CDB) has signed a definitive framework agreement with a consortium of investors including JCHX Mining Management, a 19.8% shareholder […]
Flagship Minerals (ASX:FLG) is undertaking an ongoing data review of the Pantanillo Gold Project in northern Chile, which has led to uncovering potential to expand gold mineralisation at depth. The company says most of the mineralisation in section 10090E does not report into the current qualifying foreign estimate (QFE) despite “very good” results. The drillholes […]
Unico Silver (ASX:USL) says the final results from phase-two diamond drilling at its Cerro Leon Project in Argentina confirm “multiple new discoveries”. The 9,143m drilled across 63 holes yielded the Savary, Kasia, MS Link and Silvia discoveries. The Savary prospect returned a hit of 30m @ 293 grams per tonne silver equivalent from 92.6m, Kasia […]
Resouro Strategic Metals’ (ASX:RAU) subsidiary Tiros Minerais Estrategicos Mineraçao has entered into a memorandum of understanding (MoU) with YM Serviços Minerais to extract minerals from the Tiros Titanium and Rare Earths Project in Minas Gerais, Brazil. The MoU covers the provision of YM Serviços Minerais’ high-performance fusion sulphuric acid leach process, which Resouro says delivered […]
Solis Minerals (ASX:SLM) has concluded tranche two of a previously reported placement of $4.5 million as the group seeks to fund ongoing drilling programs across its Peru projects. Under the second tranche, 30.97 million CHESS Depositary Interests (CDIs) shares were issued over common shares at $0.085 per share, alongside 26.47 million unlisted options exercisable at […]
Lodestar Minerals (ASX:LSR) Chief Executive Ed Turner has resigned, effective from 16 May 2025, for personal reasons. The company expresses its gratitude for Turner’s leadership and commitment, particularly in ensuring the completion of a maiden drilling program at the Darwin Project in Chile. Turner believes the potential of the Darwin Project remains undiminished, as shown […]
Tesoro Gold (ASX:TSO) has begun preparing an environmental impact study, as part of the permitting process required to construct and operate a gold mine at the El Zorro Gold Project in Chile. The $48.15 million market capitalisation company has appointed Chilean engineering firm Pares & Alvarez to conduct the environmental impact study. Pares & Alvarez […]