Materials

Juniors on Radar: 5 ASX Explorers to Watch Now

Thu 20 Jan 22, 11:33am (AEST)
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Key Points

  • Five juniors with interesting announcements today
  • Torque Metals, Godolphin Resources, Iceni Gold, Odyssey Gold, Tietto Minerals

Torque Metals Outstanding Gold Intercepts From Paris Project

Perth-based, Western Australian-focused gold explorer Torque Metals Limited (ASX: TOR) has announced high-grade gold intercepts from follow-up drilling at the Observation prospect within the Company’s wholly-owned Paris Gold Project located on the richly gold endowed Boulder-Lefroy Fault Zone, south east of Kalgoorlie.

Latest assay results have been obtained from the follow-up RC drilling program to test the first phase drilling which resulted in the gold discoveries at the Observation and Strauss prospects and adjacent to existing pits at Paris and HHH.

Commenting on Recent Drill Results, Torque Executive Chairman Ian Finch said:

“What a fantastic result to be continuously encountering high grade gold in the Boulder-Lefroy corridor, not too far from the major mining hub of Kalgoorlie. Encouragingly these initial results from Observation are relatively shallow at around 50 – 75 metres and are returning increasing grades at depth.”

Godolphin Resources: Drill Rig Mobilised to the Gundagai South Gold Projects

Godolphin Resources Limited (ASX: GRL) has commenced a two-hole 700m Diamond Drilling (“DD”) program at its 100%-owned Gundagai South Gold Project, drilling the Surprise Hill North and Big Ben prospects located on EL8061.

Managing Director Ms Jeneta Owens said:

“With improved weather conditions we have now been able to safely mobilise the drill rig and continue our planned exploration activities at Gundagai South. The two-hole program will allow us to gain a better understanding of the local geology and plan for additional initiatives once assay results have been received. We look forward to providing updates as the drilling continues and assays results are received over the coming months.”

Iceni Gold Exploration Update

Iceni Gold Limited (ASX: ICL) has identified 7 key high priority target areas at the 600skm tenement package around 14 Mile Well, situated on the western side of Lake Carey, 50km from Laverton WA.

All assay results have now been received from the initial diamond drilling program conducted at Deep Well Target FMW44. Eleven diamond drill holes were completed in the program (FMDD0001-11), for a total of 2,183.5m.

Executive Chairman Brian Rodan said:

“While the initial diamond drilling assay results at FMW44 were disappointing, we still await the 6,500m of Air Core assays in the larger Deep Well Area covering 1km x 1km. Significantly target FMW44 is only one target within the Company’s 600skm tenement package within our seven Key Target areas that hold multiple priority one targets.”

Odyssey Gold: High-grade Results Continue At Cable-Bollard

Odyssey Gold Limited (ASX: ODY) has announce further high-grade drill results from drilling along the Cable-Bollard Trend, part of the Tuckanarra Gold Project.

The Highway Zone results extend this emerging high-grade shoot by approximately 100m along strike and it remains open in all directions.

The infill results around the Cable pit demonstrate the continuity of mineralisation and enhance the resource potential in this area.

Executive Director, Matt Syme commented:

“The continuation of consistent high-grade extension and infill mineralisation along the Cable-Bollard Trend further demonstrates the potential for economic gold mineralisation at the Company’s Tuckanarra Project. In 2022, the Company will continue its work at Cable-Bollard, as well as the many other emerging targets. We welcome aboard Matt Briggs and look forward to drilling restarting soon.”

Tietto Minerals:Hits 152.26 g/t Au from 37m within 10m @ 16.53 g/t Au at AG Core

West African gold explorer and developer Tietto Minerals Limited (ASX: TIE) has reported high-grade gold results from the eighth batch of infill and extensional drilling completed at the Abujar‐Gludehi (AG) deposit, part of its 3.35Moz Abujar Gold Project in Côte d’Ivoire, West Africa.

Tietto Managing Director, Dr Caigen Wang, said:

“Our eighth batch of results from our infill drilling program at AG has delivered further high‐grade gold intercepts close to surface that will de-risk open pit mining at Abujar. Our exploration team has now completed the infill drilling program, which was designed to convert Indicated Resources to Measured Resources scheduled to be mined over the first two years of production.”

Written By

Mark Story

Editor

Mark is an investigative financial journalist and editor who started his career working for Marathon Oil in London. He has a degree in politics/economics and a diploma in journalism. Mark has worked on 70-plus newspapers and financial publications across Australia, NZ, the US, and Asia including: The Australian Financial Review, Money Magazine, Australian Property Investor and Finance Asia. Mark is passionate about improving the financial literacy of all Australians through the highest quality content. Email Mark at [email protected].

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