Northern Star Resources has budgeted A$60 million for near-mine exploration at its gold operations in Western Australia during the coming year. The majority of the exploration will be directed at converting a significant slice of the company’s 15.9-million-ounce (oz) resource base to reserves. The company currently has 4 million oz of gold in reserves.
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Fission Uranium’s summer field program on its Patterson Lake South property in Canada’s Athabasca Basin region hit wide, high-grade mineralization in all nine holes drilled at the R780E zone of the Triple R deposit. The holes were designed to upgrade key sections of the R780E high-grade zone that are currently classified as inferred and convert them to indicated.
The successful holes have the potential to make a positive contribution to a prefeasibility study slated for completion in fourth quarter of 2018.
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The government of Australia’s Northern Territory has initiated a major airborne geophysical survey in the Tanami Desert as part of its A$26 million “Resourcing the Territory” program of investment. The survey will see two planes fly a total of 275,000 km over an area of the Tanami Desert 300 km west of Tennant Creek to determine where mineral deposits of interest might lie.
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Copper Mountain Mining has reported positive initial drill results from Phase 2 of a three-phase drilling program at its New Ingerbelle property about 1,000 m west of its Copper Mountain mine in southern British Columbia, Canada. The objectives of the Phase 2 program are to continue to expand the New Ingerbelle resource area and to convert inferred mineral resources to measured and indicated. A total of 30 holes are planned.
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