• Gold dips its toe below $US1900/oz, but it was too cold so it pulled back up
  • Ora Gold scores a strike at Garden Gully
  • Northern Stawell upgrades its gold inventory 59%
  • Tanami to prove up more resources at its namesake gold project in the NT

 

Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.

 

Like watching a confused rabbit, gold prices are running in circles around US$1900/oz of late. 

The shiny metal regained some ground yesterday as traders took advantage of a brief dip below the psychological US$1,900/oz level that was driven by a volley of robust US economic readings, which backed up interest rate hikes.

It’s their first limbo at that level since mid-March as the dollar index firmed 0.4%, making bullion a bit of a wet blanket for international buyers.

US Federal Reserve chair Jerome Powell said most of the central bank’s policymakers expect they would need to raise interest rates at least twice more by year-end with US inflation well above the 2% goal and a tight labour market.

While gold is considered an inflation hedge gold don’t yield, dulling it appeal as rate rises make cash more kingly, with expectations putting it on course to end this quarter in negative territory for the first time since September 2022.

At time of publication, bullion was trading at US$1908/oz.

In other news, St Barbara (ASX:SBM) CEO Dan Lougher is stepping down after the gold miner completes the sale of its Gwalia mine to Genesis Minerals (ASX:GMD) .

St Barbara will bring in a new chief executive to replace Dan Lougher after it completes the $650m sale of its Gwalia gold mine to Genesis Minerals.

Its chief development officer Andrew Strelein will step up to the position tomorrow following Lougher’s retirement after seven months in the role – however he will still retain a non-executive director role at the gold producer.

Strelein joined St Barbara in 2021 after working with Newmont APAC in corporate development.

St Barbara Non-Executive Chair Ms Kerry Gleeson said Andy has significant global experience in business development, project advancement and permitting and knows St Barbara well.

“He is ideally suited to take over as the company enters a new phase. I would also like to thank Dan for his invaluable leadership at St Barbara to stabilise Gwalia performance while the company navigated a period of intense change culminating in the transaction with Genesis Minerals,” Gleeson said.

 

Winners & Losers

Here’s how ASX-listed precious metals stocks are performing:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.

Stocks missing from this list? Email [email protected]

 

CODE COMPANY 1 WEEK RETURN % YTD RETURN % 12 MONTH RETURN % PRICE MARKET CAP
RDN Raiden Resources Ltd 67% 1% 50% 0.01 $18,497,420
ENR Encounter Resources 64% 26% 263% 0.435 $138,434,023
GMN Gold Mountain Ltd 60% 0% 100% 0.008 $15,759,461
OAU Ora Gold Limited 60% 0% -29% 0.004 $15,747,701
NWM Norwest Minerals 37% -1% 71% 0.048 $13,604,091
PRX Prodigy Gold NL 33% 0% -36% 0.008 $12,257,755
MTH Mithril Resources 33% 0% -60% 0.002 $6,737,609
OZM Ozaurum Resources 29% -2% -74% 0.045 $5,080,000
DCX Discovex Res Ltd 25% 0% -38% 0.0025 $8,256,420
EMC Everest Metals Corp 25% 10% 100% 0.175 $22,650,794
BMO Bastion Minerals 25% 0% -76% 0.035 $5,546,375
G88 Golden Mile Res Ltd 24% 4% 110% 0.057 $16,140,086
RGL Riversgold 23% -1% -43% 0.016 $12,366,399
MI6 Minerals260Limited 22% 37% 202% 0.71 $150,930,000
LYN Lycaonresources 22% -6% -19% 0.22 $7,242,125
KRM Kingsrose Mining Ltd 19% 0% 19% 0.068 $48,914,224
AZS Azure Minerals 19% 136% 690% 1.58 $643,889,519
DLI Delta Lithium 18% 39% 116% 0.865 $458,104,673
BM8 Battery Age Minerals 18% 3% 6% 0.53 $40,819,990
KAI Kairos Minerals Ltd 18% 0% 0% 0.02 $35,353,683
TMX Terrain Minerals 17% 0% -22% 0.007 $7,582,395
AVM Advance Metals Ltd 17% 0% -22% 0.007 $4,119,911
GBZ GBM Rsources Ltd 16% -2% -65% 0.022 $12,935,180
MRR Minrex Resources Ltd 15% -2% -57% 0.015 $16,815,446
SRN Surefire Rescs NL 15% 0% -38% 0.015 $24,770,452
WCN White Cliff Min Ltd 14% -1% -38% 0.008 $7,369,963
ASR Asra Minerals Ltd 14% -1% -68% 0.008 $11,744,793
MHC Manhattan Corp Ltd 14% 0% 14% 0.008 $23,490,230
BYH Bryah Resources Ltd 14% -1% -48% 0.016 $5,465,991
PKO Peako Limited 14% -1% -27% 0.008 $3,765,852
KCC Kincora Copper 13% 0% 40% 0.07 $8,106,162
ADG Adelong Gold Limited 13% 0% -55% 0.009 $4,804,401
RML Resolution Minerals 13% 0% -36% 0.0045 $5,657,813
GSM Golden State Mining 13% 0% 13% 0.045 $6,780,418
CY5 Cygnus Metals Ltd 12% -14% 55% 0.24 $49,252,364
HCH Hot Chili Ltd 11% 27% 44% 1.14 $126,611,918
VKA Viking Mines Ltd 11% 0% 67% 0.01 $10,252,584
HMG Hamelingoldlimited 11% -5% -5% 0.1 $16,537,500
VRC Volt Resources Ltd 11% -1% -41% 0.01 $39,394,239
TAM Tanami Gold NL 11% 0% -11% 0.04 $47,003,882
LRL Labyrinth Resources 11% -1% -47% 0.01 $9,594,873
MDI Middle Island Res 10% -2% -84% 0.022 $2,570,783
BAT Battery Minerals Ltd 10% -1% -27% 0.11 $11,862,116
TMB Tambourahmetals 10% -1% -32% 0.099 $4,078,067
SMS Starmineralslimited 10% -3% -41% 0.045 $1,265,956
MLS Metals Australia 10% -1% -29% 0.034 $21,217,230
KTA Krakatoa Resources 10% -2% -50% 0.023 $8,721,038
OKR Okapi Resources 8% -2% -35% 0.13 $23,135,752
NMR Native Mineral Res 8% -8% -82% 0.028 $4,115,016
ADT Adriatic Metals 8% 0% 60% 3.15 $716,731,609
SLZ Sultan Resources Ltd 7% -4% -54% 0.045 $6,964,932
ARV Artemis Resources 7% -1% -48% 0.015 $21,978,857
WAF West African Res Ltd 7% -31% -29% 0.865 $885,394,751
HRN Horizon Gold Ltd 6% 4% 8% 0.35 $43,813,574
CEL Challenger Gold Ltd 6% -7% -42% 0.105 $124,968,668
GAL Galileo Mining Ltd 6% -31% -57% 0.575 $113,634,333
BNR Bulletin Res Ltd 5% -3% -43% 0.06 $17,615,466
NXM Nexus Minerals Ltd 5% -14% -65% 0.062 $18,550,839
LCY Legacy Iron Ore 5% 0% 17% 0.021 $128,136,524
CHZ Chesser Resources 5% 3% 34% 0.115 $64,746,148
AMI Aurelia Metals Ltd 4% -3% -64% 9.40E-02 $139,680,699
RED Red 5 Limited 4% -2% -31% 0.1825 $622,707,008
OBM Ora Banda Mining Ltd 4% 4% 363% 0.125 $203,179,465
KCN Kingsgate Consolid. 4% -22% 12% 1.505 $387,916,296
WGX Westgold Resources. 4% 54% 19% 1.415 $682,016,731
CYL Catalyst Metals 4% -38% -37% 0.8 $131,126,117
TIE Tietto Minerals 4% -23% 48% 0.4725 $522,013,195
MKG Mako Gold 4% -1% -55% 0.028 $15,187,174
FEG Far East Gold 4% -19% -2% 0.29 $42,853,499
KAL Kalgoorliegoldmining 3% -5% -68% 0.032 $2,963,131
CPM Coopermetalslimited 3% -8% -57% 0.16 $6,602,504
PDI Predictive Disc Ltd 3% -2% -13% 0.165 $341,095,275
TLM Talisman Mining 3% 3% 26% 0.17 $32,014,459
SKY SKY Metals Ltd 3% -1% -37% 0.037 $19,091,385
POL Polymetals Resources 3% 14% 333% 0.385 $34,985,769
BGL Bellevue Gold Ltd 3% 16% 98% 1.2875 $1,429,677,104
SFM Santa Fe Minerals 2% -4% -54% 0.044 $3,204,027
ALK Alkane Resources Ltd 2% 18% 10% 0.71 $421,101,821
MAU Magnetic Resources 2% -36% -60% 0.5 $118,477,018
NCM Newcrest Mining 2% 596% 24% 26.6 $23,562,979,788
GRL Godolphin Resources 2% -3% -40% 0.054 $6,391,950
GUL Gullewa Limited 2% 0% -3% 0.057 $11,159,067
MEG Megado Minerals Ltd 2% 1% -29% 0.057 $15,521,789
SLR Silver Lake Resource 2% -22% -22% 0.965 $906,500,725
DEG De Grey Mining 1% 7% 64% 1.355 $2,060,740,328
BC8 Black Cat Syndicate 1% 3% 23% 0.38 $102,747,434
SSR SSR Mining Inc. 1% -224% -15% 20.81 $366,210,945
TRM Truscott Mining Corp 1% 0% -13% 0.0445 $7,481,209
IGO IGO Limited 1% 174% 51% 15.2 $11,374,162,551
NPM Newpeak Metals 0% 0% 0% 0.001 $9,248,616
FFX Firefinch Ltd 0% 0% 0% 0.2 $236,569,315
AQX Alice Queen Ltd 0% 0% -67% 0.001 $2,530,288
GIB Gibb River Diamonds 0% -2% -10% 0.037 $7,825,849
LM8 Lunnonmetalslimited 0% 4% 27% 0.93 $163,583,900
IPT Impact Minerals 0% 1% 86% 0.013 $36,981,151
MOH Moho Resources 0% -1% -54% 0.011 $2,855,355
MRZ Mont Royal Resources 0% -6% -61% 0.115 $8,902,747
MVL Marvel Gold Limited 0% -2% -59% 0.011 $9,497,705
SIH Sihayo Gold Limited 0% 0% -20% 0.002 $12,204,256
WA8 Warriedarresourltd 0% -9% 1% 0.081 $34,915,764
HMX Hammer Metals Ltd 0% -1% 33% 0.061 $53,664,182
WRM White Rock Min Ltd 0% 0% -40% 0.063 $17,508,200
MCT Metalicity Limited 0% 0% -50% 0.002 $5,604,129
SMI Santana Minerals Ltd 0% -12% -19% 0.54 $94,529,791
TRY Troy Resources Ltd 0% 0% 0% 0.0295 $62,920,961
CGN Crater Gold Min Ltd 0% 0% 0% 0.144993 $17,965,132
G50 Gold50Limited 0% -8% 13% 0.175 $9,965,025
ADV Ardiden Ltd 0% 0% -7% 0.0065 $18,818,347
MGV Musgrave Minerals 0% 9% 18% 0.295 $171,450,305
VMC Venus Metals Cor Ltd 0% 6% 19% 0.19 $34,433,450
RMX Red Mount Min Ltd 0% 0% -33% 0.004 $9,087,404
NML Navarre Minerals Ltd 0% -2% -56% 0.019 $28,555,654
BCN Beacon Minerals 0% 0% 7% 0.029 $108,946,277
EM2 Eagle Mountain 0% -7% -53% 0.1 $30,496,686
NVA Nova Minerals Ltd 0% -42% -58% 0.26 $55,885,839
AL8 Alderan Resource Ltd 0% 0% -42% 0.007 $4,316,863
TBA Tombola Gold Ltd 0% 0% -26% 0.026 $33,129,243
FML Focus Minerals Ltd 0% -9% 21% 0.17 $48,714,970
X64 Ten Sixty Four Ltd 0% -7% -19% 0.57 $130,184,182
HAW Hawthorn Resources 0% 3% 77% 0.145 $48,577,264
RVR Red River Resources 0% 0% -51% 0.073 $37,847,908
TSO Tesoro Gold Ltd 0% -1% -40% 0.026 $28,447,539
TMZ Thomson Res Ltd 0% -1% -74% 0.005 $4,349,755
WMC Wiluna Mining Corp 0% 0% -15% 0.205 $74,238,031
IDA Indiana Resources 0% -1% -18% 0.045 $21,792,107
GSN Great Southern 0% -1% -60% 0.017 $12,873,126
THR Thor Energy PLC 0% 0% -56% 0.004 $5,840,051
RDS Redstone Resources 0% 0% 0% 0.007 $5,924,649
KAU Kaiser Reef 0% 4% 38% 0.2 $29,539,536
CAI Calidus Resources 0% -10% -72% 0.17 $103,293,728
RSG Resolute Mining 0% 18% 80% 0.38 $851,602,628
ALY Alchemy Resource Ltd 0% -1% 21% 0.017 $17,671,144
AVW Avira Resources Ltd 0% 0% -43% 0.002 $4,267,580
MAT Matsa Resources 0% 0% -8% 0.036 $14,832,265
SAU Southern Gold 0% 0% -30% 0.021 $6,305,991
MBK Metal Bank Ltd 0% -1% -50% 0.02 $5,806,196
NES Nelson Resources. 0% 0% -36% 0.0055 $3,237,269
SPQ Superior Resources 0% -3% -22% 0.028 $51,367,505
PUR Pursuit Minerals 0% 0% 8% 0.013 $33,887,378
ICG Inca Minerals Ltd 0% 0% -75% 0.02 $9,186,775
GNM Great Northern 0% -3% -55% 0.027 $3,865,101
TNC True North Copper 0% 19% 315% 0.245 $63,661,155
MOM Moab Minerals Ltd 0% 0% -53% 0.013 $8,865,525
USL Unico Silver Limited 0% -7% -13% 0.105 $29,605,159
ANL Amani Gold Ltd 0% 0% 0% 0.001 $25,143,441
TUL Tulla Resources 0% 2% -30% 0.35 $118,262,971
CLZ Classic Min Ltd 0% -1% -99% 0.001 $7,308,000
SPD Southernpalladium 0% -45% -53% 0.36 $15,508,198
ORN Orion Minerals Ltd 0% 0% 0% 0.017 $101,646,874
TRE Toubaniresourcesinc 0% 0% 0% 0.16 $8,633,928
GMD Genesis Minerals -1% 0% -3% 1.25 $1,014,478,762
PRU Perseus Mining Ltd -1% -45% 3% 1.665 $2,277,698,105
RMS Ramelius Resources -1% 34% 39% 1.27 $1,249,925,082
ASO Aston Minerals Ltd -1% 0% 10% 0.079 $85,834,282
MM8 Medallion Metals. -1% -8% -66% 0.071 $16,374,909
PNR Pantoro Limited -1% -3% -63% 0.07 $218,075,081
AAR Astral Resources NL -1% -1% -11% 0.066 $48,871,052
SBM St Barbara Limited -2% -31% -40% 0.4675 $379,691,865
ERM Emmerson Resources -2% -2% -35% 0.06 $31,593,168
DRE Dreadnought Resources Ltd -2% -5% 6% 0.052 $176,369,596
EVN Evolution Mining Ltd -2% 26% 35% 3.24 $5,927,102,710
BNZ Benzmining -2% 5% 2% 0.46 $45,116,778
AAJ Aruma Resources Ltd -2% -1% -28% 0.043 $7,848,074
CST Castile Resources -2% -1% -46% 0.081 $21,045,511
BEZ Besragoldinc -3% 14% 321% 0.195 $69,003,068
CAZ Cazaly Resources -3% 0% 3% 0.038 $13,385,585
GBR Greatbould Resources -3% -2% 11% 0.075 $38,323,532
SFR Sandfire Resources -3% 48% 31% 5.92 $2,709,369,133
GCY Gascoyne Res Ltd -3% 0% -16% 0.17 $153,477,294
ARL Ardea Resources Ltd -3% -38% -57% 0.335 $55,006,327
KNB Koonenberrygold -3% -3% -59% 0.033 $2,499,963
MEK Meeka Metals Limited -3% -4% -33% 0.033 $36,298,704
GWR GWR Group Ltd -3% 0% -32% 0.063 $20,236,649
EMR Emerald Res NL -3% 83% 81% 2.02E+00 $1,181,992,006
RND Rand Mining Ltd -3% -15% -10% 1.21 $66,829,254
CMM Capricorn Metals -3% -53% 25% 4.07 $1,530,149,772
TMS Tennant Minerals Ltd -3% 0% 8% 0.028 $20,504,702
BGD Bartongoldholdings -4% 6% 41% 0.26 $51,395,668
SBR Sabre Resources -4% -1% -38% 0.025 $7,870,127
TCG Turaco Gold Limited -4% -1% -16% 0.048 $23,627,683
CBY Canterbury Resources -4% -2% -40% 0.024 $3,468,565
S2R S2 Resources -4% -5% -14% 0.12 $49,210,983
NST Northern Star -4% 120% 72% 12.105 $13,940,480,528
BBX BBX Minerals Ltd -4% -6% -54% 0.046 $23,889,970
TGM Theta Gold Mines Ltd -4% 0% 18% 0.066 $41,128,027
CWX Carawine Resources -5% 1% 24% 0.105 $20,665,834
HXG Hexagon Energy -5% -1% -42% 0.0105 $5,129,159
ARN Aldoro Resources -5% -6% -19% 0.105 $14,114,493
PGD Peregrine Gold -5% -11% -29% 0.275 $15,428,218
CHN Chalice Mining Ltd -5% -12% 61% 6.18 $2,379,642,815
NAG Nagambie Resources -5% -3% -18% 0.036 $21,523,874
STN Saturn Metals -5% 0% -36% 0.18 $28,180,356
M24 Mamba Exploration -5% -7% -25% 0.071 $4,207,850
SVL Silver Mines Limited -5% -3% 30% 0.175 $252,779,786
AQI Alicanto Min Ltd -6% -1% -48% 0.034 $18,911,788
MEI Meteoric Resources -6% 15% 1786% 0.2075 $380,031,425
MEU Marmota Limited -6% -2% -42% 0.032 $35,999,220
CLA Celsius Resource Ltd -6% 1% 96% 0.0235 $55,276,292
RRL Regis Resources -6% -23% 35% 1.8325 $1,385,472,572
PRS Prospech Limited -6% 0% 2% 0.031 $6,548,332
MXR Maximus Resources -6% -1% -30% 0.031 $9,890,729
IVR Investigator Res Ltd -6% 0% 24% 4.60E-02 $66,109,821
GSR Greenstone Resources -6% -2% -64% 0.015 $17,066,873
KIN KIN Min NL -6% -4% -60% 0.029 $34,166,366
PNM Pacific Nickel Mines -6% -1% -10% 0.072 $29,477,952
TTM Titan Minerals -7% -3% -32% 0.042 $62,096,020
CDR Codrus Minerals Ltd -7% -5% 26% 0.082 $6,034,400
LEX Lefroy Exploration -7% -6% -17% 0.2 $32,893,890
DTM Dart Mining NL -7% -2% -22% 0.04 $6,719,202
FAL Falconmetalsltd -7% -8% 5% 0.2 $35,400,000
ZAG Zuleika Gold Ltd -7% -1% -48% 0.013 $6,799,658
PGO Pacgold -7% -4% -43% 0.325 $18,687,017
AZY Antipa Minerals Ltd -7% -1% -59% 0.013 $43,164,618
GOR Gold Road Res Ltd -7% -21% 27% 1.485 $1,617,632,087
REZ Resourc & En Grp Ltd -8% 1% -20% 0.024 $11,495,533
AUT Auteco Minerals -8% -3% -47% 0.024 $55,508,071
M2R Miramar -8% -4% -57% 0.035 $3,774,543
AAU Antilles Gold Ltd -8% 1% -45% 0.035 $20,934,450
GML Gateway Mining -8% -3% -50% 0.035 $9,321,674
QML Qmines Limited -8% -5% -32% 0.115 $19,596,875
DCN Dacian Gold Ltd -8% -2% 1% 0.079 $92,476,871
GED Golden Deeps -8% 0% -58% 0.0055 $6,931,360
MKR Manuka Resources. -8% -3% -69% 0.055 $27,043,503
AUC Ausgold Limited -8% 0% -6% 0.044 $101,030,213
CDT Castle Minerals -8% -1% -50% 0.011 $12,369,423
BTR Brightstar Resources -8% -1% -39% 0.011 $18,888,183
ANX Anax Metals Ltd -9% 1% -16% 0.064 $26,610,664
SVG Savannah Goldfields -9% -9% -25% 0.105 $19,584,844
HAV Havilah Resources -9% -12% -14% 0.21 $64,911,038
A1G African Gold Ltd. -9% -3% -34% 0.052 $8,804,183
NAE New Age Exploration -9% 0% -17% 0.005 $7,179,495
WWI West Wits Mining Ltd -9% -1% -50% 0.01 $24,673,190
STK Strickland Metals -9% 0% -29% 0.04 $63,590,340
ZNC Zenith Minerals Ltd -9% -18% -69% 0.089 $30,657,137
HRZ Horizon -10% -2% -47% 0.038 $26,485,380
AGG AngloGold Ashanti -10% 63% 50% 6.51 $580,742,550
GMR Golden Rim Resources -10% 0% -55% 0.028 $16,564,474
AGC AGC Ltd -10% -1% -24% 0.053 $5,300,000
KZR Kalamazoo Resources -11% -9% -31% 0.125 $18,445,284
ADN Andromeda Metals Ltd -11% -1% -49% 0.0365 $118,180,320
TBR Tribune Res Ltd -11% -95% -21% 3.08 $162,651,039
MZZ Matador Mining Ltd -11% -6% -60% 0.056 $17,344,747
PNT Panthermetalsltd -11% -12% -66% 0.071 $4,280,500
RXL Rox Resources -11% 14% 29% 0.315 $75,158,677
YRL Yandal Resources -12% -5% -66% 0.053 $8,363,563
FG1 Flynngold -12% -4% -35% 0.059 $7,610,161
SVY Stavely Minerals Ltd -13% -14% -48% 0.105 $34,258,740
AWJ Auric Mining -13% -2% -47% 0.04 $5,234,384
AME Alto Metals Limited -14% -1% -26% 0.056 $34,930,482
LCL LCL Resources Ltd -14% -3% 3% 0.031 $23,829,134
SXG Southern Cross Gold -14% -38% 0% 0.425 $39,091,695
GTR Gti Energy Ltd -14% 0% -53% 0.006 $13,634,279
CXU Cauldron Energy Ltd -14% 0% -12% 0.006 $5,589,412
TG1 Techgen Metals Ltd -14% -2% -54% 0.06 $4,784,433
BMR Ballymore Resources -15% -4% -30% 0.115 $11,558,095
PXX Polarx Limited -15% -1% -31% 0.011 $16,246,922
NSM Northstaw -16% -6% -45% 0.097 $11,772,446
FAU First Au Ltd -17% 0% -75% 0.0025 $3,629,983
PUA Peak Minerals Ltd -17% 0% -75% 0.0025 $3,124,130
TAR Taruga Minerals -17% -1% -47% 0.01 $7,060,268
XAM Xanadu Mines Ltd -17% 5% 229% 0.079 $135,939,408
A8G Australasian Metals -18% -8% -36% 0.115 $5,993,857
MTC Metalstech Ltd -19% -30% -28% 0.22 $42,436,033
PNX PNX Metals Limited -20% 0% -57% 0.002 $10,761,249
AM7 Arcadia Minerals -20% -11% -41% 0.1 $8,977,511
CTO Citigold Corp Ltd -20% 0% -33% 0.004 $11,494,636
EMU EMU NL -20% 0% -71% 0.002 $3,625,053
DTR Dateline Resources -20% -1% -71% 0.024 $21,906,618
ICL Iceni Gold -21% -1% -22% 0.071 $14,808,571
KSN Kingston Resources -22% 0% -4% 0.08 $33,044,466
SNG Siren Gold -23% -11% -74% 0.07 $9,666,634
XTC Xantippe Res Ltd -25% 0% -79% 0.0015 $22,960,199
AYM Australia United Min -25% 0% -50% 0.003 $5,527,732
SI6 SI6 Metals Limited -29% 0% -29% 0.005 $7,476,973
KWR Kingwest Resources -100% -4% -100% 0 $8,170,078
BRB Breaker Res NL -100% -32% -100% 0 $158,126,031
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Top ASX Stories This Week

 

TANAMI GOLD (ASX:TAM)

Tanami has hit up its JV partner Northern Star Resources (ASX:NST) for a $15m exploration budget for the Central Tanami gold project in the NT.

The gold digger wants to do 36,000m of diamond, RC and AC drilling at a series of targets throughout the tenements, including extension drilling at the Jims and Ripcord deposits and near mine exploration in the surrounding area.

This will all lead to an updated resource next year from its current MRE of 13Mt at 3.7 g/t gold for 1.5Moz.

An extra bonus – the NT government has poured a further $243,000 towards a five-hole diamond drilling campaign across its Beaver and Groundrush-Ripcord deposits as part of its Round 16 Resourcing the Territory Exploration Grants.

 

ORA GOLD (ASX:OAU)

Ora Gold 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 at 17.53g/t from 30m, 16m at 35.77g/t from 28m and 13m at 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.

 

NORTH STAWELL MINERALS (ASX:NSM)

NSM has updated its Wildwood prospect’s resource after recent drilling proved up high-grade gold, and it now has an MRE of 1.2mt at 2.4g/t for 87,300oz.

That’s a 59% increase in contained ounces and a 20% increase in grade.

NSM says the 3.5km-long Wildwood Basalt is structurally similar to the 5Moz Stawell gold mine north of its tenements.

“The updated mineral resource at Wildwood is a significant result for NSM, reinvigorating the deposit and its structural position as one of five priority targets for future work,” CEO Russell Krause said.

Three holes at Wildwood returned top gold intercepts of 5.6m at 8.72g/t from 201.1m; 10.05m at 3.88g/t from 247.85m including 7m at 5.3g/t from 250.9m; 9.98m at 1.83g/t from 339.85m; 2.05m at 3.58g/t from 342.5m; and 2.5m at 2.77g/t from 292.5m.

“The recent successful down-plunge gold intercepts also levered off the updated interpretations and have been included in the mineral resource estimate, extending the Maslin deposit down plunge to the northwest,” Krause explained.

“A key characteristic of Stawell-type mineralisation is its vertical continuity as mineralised shoots that interconnect multiple mineralisation styles to 1,600m vertical depth.

“The updated Wildwood mineral resource forms a strong foundation for further work around Wildwood to identify additional mineralisation potential, down-plunge and elsewhere on the Basalt dome.”

 

While North Stawell Minerals is a Stockhead advertiser, it did not sponsor this article.