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Juniors on Radar: 5 ASX Explorers to Watch

Wed 12 Jan 22, 11:13am (AEST)
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Key Points

  • Five juniors with interesting announcements today
  • Sultan Resources, Tempus Resources, Yandal Resources, Tesoro Resources, and Eagle Mountain Mining

Sultan Resources Limited Re-commences Reconnaissance Exploration Aircore Drilling

Sultan Resources (ASX: SLZ) has re-commenced the reconnaissance exploration aircore drilling for nickel-prospective ultramafic rocks at the Company’s Lake Grace prospect during January.

The project is located in the Wheatbelt area between Lake Grace and Kulin in WA where the company has been exploring since listing in 2018.

The aircore program is designed to confirm the presence of ultramafic rocks interpreted from the magnetics interpretation and help determine the prospectivity of the region for hosting Ni-sulphide deposits.

Tempus Resources Commences Phase 2 Exploration at Valle Del Tigre

Tempus Resources (ASX: TMR) has commenced the Phase 2 exploration program at its Valle del Tigre Project (VdT) located in south-eastern Ecuador.

The Phase 2 program is a larger scale follow-up to the initial reconnaissance work conducted during February 2021 where areas with anomalous gold and copper were discovered.

Tempus President and CEO, Jason Bahnsen commented.

“The Phase 2 exploration program at Valle del Tigre will provide a comprehensive expansion of the survey of mineralised areas identified in 2021 soil sampling and 2019 geophysics. With the prolific mineralisation in the region, we are looking for something of significant scale.”

Yandal Resources Exploration Update – Gordons Gold Project

Yandal Resources (ASX: YRL) provides an update on exploration activities at the 100%-owned Gordons gold project in WA.

At the Bradman Prospect located 3km south of Gordons Dam (Figure 2) a three-hole diamond drilling program is underway to follow-up a highly significant reverse circulation (“RC”) intercept from hole YRLRC646.

Results from two earlier RC holes completed within 200m of YRLRC646 and a further 25 RC holes completed along 2.5km of strike to the north at the adjoining Malone prospect are pending.

Yandal Resources’ managing director Lorry Hughes commented:

“Our results throughout 2021 from multiple prospects were highly encouraging and with the number and quality of targets planned for testing, 2022 could well be a pivotal year for the company.”

Tesoro Resources: Drilling Confirms District Scale Potential at El Zorro

Tesoro Resources (ASX: TSO) has announce assay results from drilling at the Ternera Gold Deposit and the Ternera East discovery, located at the Company’s El Zorro Gold Project (El Zorro) in Chile.

Tesoro received assays for 22 diamond drill holes completed as part of the current extensional and infill drilling program at El Zorro. Results were received for drilling from Ternera (12 holes), Ternera East (3 holes), Drone Hill (6 Holes) and Toro Blanco (1 hole).

Tesoro Managing Director Zeff Reeves commented:

“Ternera continues to produce some exceptional drill results with infill drilling adding new mineralisation outside of the existing resource model, and extensional holes continuing to expand the deposit, particularly to the south.”

“Considering this is the first time these areas have been drilled it bodes well for further exploration success.”

Eagle Mountain Mining: Further High-Grade Assays Enhance Resource Expansion Potential at Oracle Ridge

Eagle Mountain Mining (ASX: EM2) has provided an exploration update at its 100% owned Oracle Ridge Mine Project (“Oracle Ridge”, “Project”) in Arizona, USA.

Assays have been received for seven drill holes completed in the Western Talon area.

Eagle Mountain Mining CEO, Tim Mason, commented:

“All these results are outside the existing JORC Mineral Resources Estimate (JORC MRE), further supporting the potential to build our mineral resources. These results are from the Wave Zone, part of the Western Talon, which continues to excite us with a combination of both high-grade mineralisation and broad mineralised zones which may be more amendable to larger scale mining methods with relatively lower mining costs on a unit basis.”

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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