Juniors on Radar: 5 ASX Explorers to Watch

By Market Index
Wed 19 Jan 22, 11:07am (AEDT)

Key Points

  • Five juniors with interesting announcements today
  • Parabellum Resources, Macarthur Minerals, TechGen Metals, iTech Minerals, Vango Mining

Parabellum Resources: Exploration update on Copper and Gold Projects, NSW

Parabellum Resources Limited (ASX: PBL) has updated shareholders on its fieldwork and exploration since the company listed in November 2021.

The Redlands/Whitbarrow, Recovery and Lunns Dam Projects in the Tottenham-Girilambone district comprises four granted exploration licenses covering approximately 690skm; and the Obley Project in the Yeoval district comprises one granted exploration license covering approximately 180skm.

Parabellum Resources Non-Executive Director, Peter Ruse commented:

“The exploration team at Parabellum are very excited to be kicking off multiple exploration activities across the Company’s exciting suite of copper gold projects – the board of PBL is particularly excited by the early-stage anomalies discovered at the Obley, Recovery and Redlands projects; and the data that will be generated by flying modern electromagnetics’ across the properties in February.”

Macarthur Minerals Fourth Quarter Update 2021

Macarthur Minerals Limited (ASX: MIO) has update shareholders on activities during the fourth quarter of 2021.

Fourth quarter 2021 was very active in which the Company continued to focus on the delivery of the Feasibility Study for its high-grade magnetite Lake Giles Iron Project in WA.

Andrew Bruton, Chief Executive Officer of Macarthur Minerals commented:

“The fundamental value driver for the Company is its massive 1.3 billion tonne high grade magnetite mineral resources, and Macarthur’s flagship project at Lake Giles will provide significant upside potential for shareholders not only in the near term, but for many decades to come.”          

TechGen Metals: Ida Valley -Stage 2 RC Drilling results

TechGen Metals (ASX: TG1) has update the market regarding the final 1m assay results from Stage 2 drilling.

The Ida Valley Gold Project has up to 30km of prospective strike extent and consists of three Exploration Licences covering a combined area of 199skm. The project is ideally located in between the Lawler’s and Mount Ida Mining Districts.

TechGen’s Managing Director and Ida Valley Project vendor, Ashley Hood commented:

"Interestingly, both the structurally controlled Central Eastern Zone and Central Western Zone are showing continuity at depth with higher grades contained within broader zones of lower grade gold mineralisation. Deeper drill testing along the Ballard Fault is warranted. Having the key tenement of E36/1015 recently granted allows multiple targets to be tested at the project in the coming months."

iTech Minerals: Extensive exploration program underway at Eyre Peninsula Kaolin Project

iTech Minerals Ltd (ASX: ITM) has updated on exploration progress heading into the new year.

iTech has submitted 20 samples across two of its REE prospects at Ethiopia and Burtons (formerly Salt Creek) for metallurgical test work to determine the extent of ionic adsorption of REEs present in the clays at each prospect.

iTech’s Managing Director Mike Schwarz commented:

“The metallurgical test work to determine the degree of ionic clay rare earth element mineralisation, will focus the drilling on the best areas for both IAC and kaolin development.”

Vango Mining Intercepts Additional High-Grade Gold

Vango Mining Limited (ASX: VAN) has announce further high-grade gold intersections from drilling at the Company’s flagship Marymia Gold Project (Marymia, the Project) in the Mid-West region of WA.

The latest results are from the final hole drilled at the Pigeon open-pit target (Figure 3) and extend the excellent results from the first four holes at Pigeon, announced to the ASX on the 14 December 2021.

The Pigeon open-pit was targeted with five drillholes in Vango’s ongoing open-pit focused resource extension program. Results from the final hole have now been received, and are reported in this announcement, with five gold zones greater than 1 g/t Au within broader mineralised structures.

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