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Precious metals

Jul 28, 2021
Golden Mile mining lease granted

Golden Mile mining lease granted

The mining lease for Tombola Gold’s Golden Mile project near Cloncurry has been granted for a term of 10 years. In an announcement to ASX today, the company said it would now fast track all aspects to progress to production and that ‘more positive news is imminent’. Earlier this week Tombola, formerly Ausmex Mining Group,… ...

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Jul 26, 2021
Scoping studies positive for Tombola Gold

Scoping studies positive for Tombola Gold

Scoping studies for the Mount Freda and Golden Mile gold projects near Cloncurry have highlighted their potential to support viable mining and processing operations, owner Tombola Gold says. The current mineral resource for the projects stands at 1.7 Mt grading at 2.06 g/t gold, containing about 113,000 oz of gold. The company, formerly Ausmex Mining… ...

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Jul 19, 2021
GBM seals deal on Twin Hills gold project

GBM seals deal on Twin Hills gold project

GBM Resources is moving further towards its goal of becoming a mid-tier Australian gold company with what it describes as the transformational acquisition of the Twin Hills project in North Queensland. GBM has has signed a binding tenement sale agreement to acquire the project from a subsidiary of Pajingo mine owner Minjar Gold. “This transformational… ...

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Jul 14, 2021
Budget approved for Cloncurry exploration

Budget approved for Cloncurry exploration

GBM Resources says an exploration budget of $750,000 has been approved for its Cloncurry farm-in projects, with field work expected to commence in the next quarter. The joint venture partners are targeting copper and gold in the region north of Glencore’s Ernest Henry Mine, including the Mount Margaret and Bungalien projects. Nippon Mining of Australia,… ...

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Jul 13, 2021
QX confirms gold extensions at Lucky Break

QX confirms gold extensions at Lucky Break

QX Resources is keen to drill further after high-grade intercepts in a 1512m program at the Lucky Break prospect within its Clermont gold project. Twenty-two reverse circulation holes were drilled to test strike and depth extensions of mineralisation at the former Lucky Break mine, with results including 2m at 8.98 g/t gold (including 1m at… ...

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Jul 05, 2021
Queensland resources served medium-rare

Queensland resources served medium-rare

A Dutch organisation representing peak industry groups has been served up a feast of Queensland mineral wealth. The group which is made up of 185,000 enterprises has savoured platters of critical minerals, relished entree of rare earths, gorged on mains of copper with base metals sides all of which was rounded off with a bauxite… ...

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Jun 28, 2021
Exports bounce counted in the billions

Exports bounce counted in the billions

The Office of the Chief Economist says Australia is set to record its best year of resources exports. That’s contained in the latest Resources and Energy Quarterly (REQ) which both reviews market movements and forecasts Australia’s exports. It says the fortunes of Australian resources exports are tied to a rebounding world economy and are likely to hit… ...

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Jun 28, 2021
Red River validates precious and critical mineral assets in the far north

Red River validates precious and critical mineral assets in the far north

Large precious and critical minerals targets have been identified across a number of sites by Red River Resources on the Orient project near Herberton in North Queensland. Silver and Indium were the highlight in the latest results from drone magnetic and induced polarisation (IP) geophysical surveys over 14 km2 . The surveys were completed using a… ...

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Jun 26, 2021
Study shows hidden twist to ‘fool’s gold’

Study shows hidden twist to ‘fool’s gold’

Curtin University research has found tiny amounts of gold can be trapped inside pyrite, commonly known as ‘fool’s gold’, which would make it much more valuable than its name suggests. Lead researcher Dr Denis Fougerouse from Curtin’s School of Earth and Planetary Sciences said this new type of “invisible” gold had not previously been recognised… ...

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