Basic Materials

Juniors on Radar: 5 ASX Explorers to Watch

Fri 17 Dec 21, 11:24am (AEST)

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Key Points

  • Five juniors with interesting announcements today
  • DGO Gold, Titan Minerals, Carnaby Resources, Aurumin Limited, Marquee Resources

DGO Gold’s drilling extends Zambian-style copper mineralisation at Pernatty

DGO Gold (ASX: DGO) has intersected low grade copper and cobalt mineralisation at the company’s Pernatty project in South Australia.

Executive Chairman Eduard Eshuys commented:

“This drilling has confirmed that copper mineralisation occurs over significant strike lengths within the Transition Zone. The next phase of exploration will focus on identifying and testing areas where significant copper mineralisation is expected.”

Titan Minerals reports Dynasty Gold project drilling results 

Titan Minerals (ASX: TTM) has announced assay results from a further 22 holes drilled in the Cerro Verde area of its Dynasty Gold Project, located in Ecuador. 

Managing Director Laurie Marsland said:

“It is pleasing that the drills continue to return excellent high-grade gold and silver results from the Cerro Verde Prospect which confirm our interpretations and provide data to validate the previous resource estimation processes.”

Carnaby Resources announces “spectacular” copper discovery

Carnaby Resources (ASX: CNB) has intersected a 34m down hole zone of copper sulphide including a 24m zone of mostly semi massive copper sulphide at the Nil Desperandum Prospect. The project is set within the Greater Duchess Copper Gold Project in Mt Isa, Queensland. 

“Nil Desperandum” is latin for “do not despair.” Despair was the last thing on investors’ minds, with the stock leaping 37.93% heading into lunch today. At the time of writing, today’s trading volume is 23 times higher than the 10-day average.  

Managing Director Rob Watkins commented:

“Nil Desperandum is rapidly emerging as a major copper gold discovery in one of Australia’s premier copper districts located only 70km from Mt Isa and surrounded by world class infrastructure.”

Aurumin reports assays of up to 90.7 g/t gold 

Aurumin (ASX: AUN) has announced high-grade gold assays from drilling at its 100% owned Mt Dimer Project, located 120km north-east of Southern Cross in Western Australia.

Commenting on the announcement, Managing Director Brad Valiukas said:

“We will continue to advance our Southern Cross assets (Mt Dimer and Mt Palmer) in parallel with Sandstone Project acquisition (subject to completion).”

Marquee Resources suggests lithium potential for West Spargoville Project

Marquee Resources (ASX: MQR) have identified a 2.4 kilometre long Li-Cs-Ta-Nb (lithium-ceasium-tantalum-niobium) anomaly within the West Spargoville Project, located 60-80km south of Kalgoorlie. Follow-up drill testing will begin early next year.

Executive Chairman Charles Thomas said the discovery suggests the project “is more geologically favourable for the development of lithium-rich pegmatites.”

Written By

Jed Herne

Content & Strategy

After graduating with a 99.4 ATAR, Jed won 3 scholarships to Curtin University, where he earned his Bachelor's degree and served as a Student Ambassador. He is primarily interested in long-term passive index funds as a vehicle for financial independence. Outside of covering financial news, Jed is a published author, podcaster, and has an unhealthy obsession with bouldering.

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