Tag: Explorer

BY AMY BLOM   MARMOTA has announced a significant high-grade gold intersection from drilling at its Aurora Tank project, about 50km northeast of WPG Resources’ Challenger gold mine in South Australia   Assay results turned up best results of 4 metres at 72 grams per tonne (g/t) gold, 36m from the surface, following reverse circulation (RC) drilling in September. Marmota chairman Colin Rose said it was the explorer’s best ever gold drilling intersection. “We are delighted with the new numbers from Aurora Tank, particularly as they are from a new zone, located some 200m to the west of the previous best intersection,” Mr Rose said.   “It is also very pleasing that we have obtained our best intersection to date...

Yandal Resources Flinders Park South outcrop. Image: Yandal Resources.   BY JESSICA CUMMINS   GOLD explorer Yandal Resources hopes to be listed on the ASX by December this year after launching a $5 million initial public offering (IPO).   With a suite of top quality gold projects in the Yandal greenstone belt in WA, the miner hoped to raise funds to retest and extend upon historic exploration work. Yandal Resources managing director Lorry Hughes said the company had received a “fantastic” response from investors to date. “We expect to have a very big first half of the year next year where we will be looking to conduct major drill programs on our projects,” Mr Hughes told The Australian Mining Review. Among...