Porphyry hunter Los Cerros (ASX:LCL) hit a monster 230m long intercept grading 1g/t gold from surface at the southern Tesorito anomaly in Colombia.

This is the third hole to hit +1g/t gold grades over +230m depth in an area which is open in all directions.

“This is a highly encouraging start to the drill campaign as it not only provides a sense of near-surface porphyry mineralised volume given similar results of nearby holes but has also hinted to further potential at depth,” Los Cerros managing director Jason Stirbinskis says.

“The presence of banded veins, UST textures and primary bornite are typical of the core of many porphyry copper gold deposits including the multi-million ounce Nuevo Chaquiro deposit located 51km to our north, where both our senior geologists have worked.”


Diversified explorer Thor Mining (ASX:THR) has completed a big US uranium-vanadium acquisition.

During the due diligence period, field sampling by Thor during the returned high grade uranium (up to 1.25 per cent U3O8) and vanadium (up to 3.47 per cent V2O5).

13 samples from the Colorado projects were even deemed “too radioactive” for the original laboratory.


Up on no news were Canterbury Resources (ASX:CBY) (a minnow with a 2.2moz gold resource plus a JV with Rio Tinto), Tanga Resources (ASX:TRL) (which recently acquired three gold projects in West Africa), and Macedonia-focused explorer Genesis Resources (ASX:GES).