In Case You Missed It: Gold hits, zinc-lead-copper and lithium ground snapped up
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Stockhead’s In-Case-You-Missed-It highlights some strongest performing ASX stocks that might have slipped your notice today.
It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms.
Stocks highlighted in green have made market-moving announcements (click headings to sort).
Ora Gold (ASX:OAU) has reported a cluster of impressive hits in extensional drilling at the 55,000oz Crown Prince prospect, part of the ‘Garden Gully’ project near Meekatharra in WA.
Best intercepts include 40m @ 17.53g/t from 30m, 16m @ 35.77g/t from 28m and 13m @ 21.9g/t from 32m.
That’s thick, shallow, and very high grade – three things investors should look for when evaluating drill results.
More assay results are pending.
Stellar Resources (ASX:SRZ) has hit a significant 38.6m-long zinc-lead-copper mineralised zone at ‘North Scamander’ in Tasmania, from 130m depth.
A second, “less significant” ~17m-long zone of mineralisation was hit from 220m depth.
These areas of mineralisation are separate to those uncovered in historical drilling, making this a new discovery, says SRZ.
Meanwhile, drill at the Severn deposit, the largest of the Heemskirk tin project (7.6Mt @ 1.1% Sn) deposits, was completed in mid-June.
The drilling will be incorporated into a updated resource, scheduled for late August with a Pre-Feasibility Study planned for H2 2023.
Raiden Resources (ASX:RDN) has snapped up exploration ground in the Pilbara, right next door to Azure Minerals’ (ASX:AZS) recent lithium discovery (112.4m @ 1.05% Li2O). The company says its new 80% owned tenure sits in the same prospective rocks.
An extensive soil geochemical program at Cavalier Resources (ASX:CVR) Ella’s Rock lithium-gold-nickel project has revealed three Lithium-Caesium-Tantalum (LCT) bearing geochemical target areas, they’ve named Hooper, Fitzgerald and Baché.
And Encounter Resources (ASX:ENR) has intersected niobium-rare earths mineralised carbonatites (type of rock) over 3.5km at ‘Aileron’, next door to WA1 Resources’ (ASX:WA1) big find in the West Arunta region of WA.
Assays are due July-August, and the company plans to kick off an expanded RC drilling program testing the same month.
At Stockhead we tell it like it is. While Encounter Resources is a Stockhead advertiser, it did not sponsor this article.