Latest news with #Collavilla
The Australian
05-08-2025
- Business
- The Australian
ALB hits golden jackpot at Yandal West
Albion's next batch of seven holes hits jackpot with intersections of up to 4m at 19.2g/t gold Shallow high-grade intersections remain open at depth, indicating potential for deeper treasure More assays pending with company to resume drilling remaining holes in maiden program Special Report: Albion Resources has reason to cheer after the next batch of assays from drilling at the Collavilla prospect within its Yandal West project in WA returned more near-surface, high-grade gold results. All seven holes, which returned best assays of 4m grading 19.2g/t gold from 55m, 5m at 9.6g/t from 36m and 3m at 11g/t from 48m, were drilled in a 100m by 100m area within the Ives Find prospective granite intrusive that covers an area of more than 4km by 750m. The highlighted intersections occur within broader halos of gold mineralisation and are also open at depth, indicating potential for Albion Resources (ASX:ALB) to extend mineralisation vertically with deeper drilling. Adding further interest, mineralisation in these three holes all displays a spatial relationship with mafic rocks within the Ives intrusive granite. This supports the company's exploration model, which seeks to find more mafic rafts across the area covered by the Ives Find granite due to their potential association with high-grade mineralisation. These results follow assays from the first batch of 12 holes that also intersected shallow, high-grade gold of up to 11m at 20g/t from 17m. 'These are fantastic results from our second week of drilling at Collavilla,' chief executive officer Peter Goh said. 'Once again, we've intersected shallow high-grade gold, this time from an additional ~500 metres of drilling. Importantly, the mineralisation remains open, which is an exciting development that reinforces the potential of the system. 'This second batch of results not only confirms the presence of high-grade gold at Ives Find, but also strengthens our evolving geological model we're developing, particularly the observed association with mafic rafts within the granite.' Interpreted cross section showing recent highlight assay results at Collavilla. Pic: Albion Resources Yandal West project ALB recently started its maiden drilling campaign at the Yandal West project within the highly prospective Yandal Greenstone Belt in WA's northeastern Goldfields. To date, 28 holes totalling 1871m have been completed out of a planned 3000m with assays received from 19 holes. Drilling at Collavilla is focused on finding near-surface and targeted down-dip extensions of known mineralisation to assess potential for depth extension to the orebody. Needless to say, the results so far indicate that this objective has been met with other holes also providing support for there being more mineralisation at depth. More from ALB: Albion squares focus on Yandal West greenstone gold Next steps The company has now completed a detailed ground gravity survey to find subtle denser zones that may represent mafic rafts or dolerite dykes. his follows the theory that high-grade gold veins are closely associated with structures cross-cutting thicker mafic greenstone units within the Ives Find granite. Interpretation of this survey is underway. ALB is also awaiting assays from the remaining holes in its maiden drilling program and will restart reverse circulation drilling for the remaining ~1100m following a drill crew break. Assays are also pending for ~780m of drilling across regional targets while an evaluation of the May Queen prospect for inclusion in upcoming drill targeting is underway. This article was developed in collaboration with Albion Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
News.com.au
25-07-2025
- Business
- News.com.au
Resources Top 5: Albion Resources skyrockets on 12 for 12 gold hits at Yandal West
Results of up to 11m at 20g/t gold validate ALB's belief in the prospectivity of Yandal West. KFM acquires portfolio of copper-gold, gold and silver-lead-zinc projects in NSW EM surveying reveals multiple conductive plates at the Oval copper-nickel project in Mongolia Your standout small cap resources stocks for Friday, July 25, 2025 Albion Resources (ASX:ALB) Gold hits from all 12 holes of a program targeting the Collavilla prospect at the Yandal West project in WA have seen Albion Resources rocket to a three-year high of 16c, an advance of 132% on the previous close with almost 49m shares changing hands. The shallow RC drilling results of up to 11m grading 20g/t gold from a down-hole depth of 17m including 5m at 38.9g/t gold in hole ALBRC006 validate ALB's belief in the prospectivity of Yandal West. Other strong results were: 12m at 1.3g/t gold from 4m including 1m at 6g/t gold in ALBRC007); and 9m at 1.6g/t gold from 11m including 6m at 2.3g/t gold in ALBRC009. These holes had an average drill depth of about 44m and tested a 100m by 100m area within the Ives Find prospective granite intrusive covering more than 4km by 750m. Additionally, drilling to follow up on a historical intersection of 3m at 15g/t gold has been completed with assays pending. The company's maiden RC drill program is testing the high priority Collavilla, Collavilla East, Collavilla West and Barwidgee Central gold targets with 28 holes totalling 1871m completed to date. 'This is a phenomenal start to our drilling at Collavilla. Every completed hole has intersected gold, including a standout 11m at 20.0g/t from just 17m depth,' chief executive officer Peter Goh said. 'These shallow, high-grade results confirm the presence of a gold system and we've only tested a small portion of the broader Ives Find footprint, which spans 4km by 750m. 'With assays still pending and a detailed gravity survey underway to refine targets, Albion is building strong momentum as we work to understand the scale of this system. 'This quarter is shaping up to be a transformational one with the gravity survey nearing completion and our fully funded RC campaign set to recommence early August.' Yandal West sits within the Yandal Belt, an underexplored region in WA that fuels more than 500,000ozpa of gold production for Northern Star Resources (ASX:NST). Kingfisher Mining (ASX:KFM) The acquisition of a portfolio of copper-gold, gold and silver-lead-zinc projects in prolific mining areas of NSW has seen Kingfisher Mining (ASX:KFM) jump 70.22% to a 2025 high of 8c. The company has entered into a binding agreement with Austin Metals to acquire the early stage to advanced exploration projects in the Broken Hill, Cobar and the Macquarie Arc regions. In the Broken Hill area they include Copper Blow iron oxide copper gold (IOCG) project, Yalcowinna copper-cobalt prospects and the Broken Hill West silver-lead-zinc prospects. Cobar assets include the Tindery gold and base metal project that hosts a cluster of small historical gold workings with limited drilling. In the Macquarie Arc the company will secure the Wellington copper project, where the key asset is the Willunga prospect, 15km from the Boda/Kaiser porphyry-copper deposit of Alkane Resources. Copper Blow, which hosts high-grade copper-gold mineralisation defined by historical drilling over 600 metres of strike, is the most advanced. Historical results include: 16m at 2.67% Cu, 0.62 g/t Au and 4.04 g/t Ag from 133m; 4m at 6.13% Cu, 4.23 g/t Au and 12.93 g/t Ag from 188m; 7m at 3.7% Cu, 1.07 g/t Au and 5.5 g/t Ag from 126m; and 4m at 3.48% Cu, 2.39 g/t Au and 5.9 g/t Ag from 177m. At Broken Hill West multiple silver-lead-zinc prospects are associated with historic mines. Drilling in 2011 at Allendale returned: 10m at 16.1% Pb+Zn and 29 g/t Ag from 15m; 2m at 19.9% Pb+Zn and 39.2 g/t Ag from 47m; and 2m at 13.8% Pb+Zn and 51.1 g/t Ag from 117m KFM said the acquisition represented significant value for Kingfisher shareholders, with total consideration of $200,000 in cash and $200,000 in shares to be issued to Austin. 'This acquisition represents a compelling exploration opportunity with access to a strategic asset portfolio, providing exposure to a pipeline of early stage and advanced, critical and precious metal targets located proximal to a number of world-class deposits in three proven mining districts in NSW, whilst still providing the option value on the Gascoyne rare earth project in Western Australia," non-executive chairman Scott Huffadine said… possibly while breathing through his ears. To fund exploration, KFM is conducting a capital raising of $1.85m through a placement to sophisticated and professional investors at 4c per share and a subsequent non-renounceable entitlement issue to eligible shareholders. Asian Battery Metals (ASX:AZ9) Ground-based EM surveying has revealed multiple conductive plates aligning with known structures at the Oval copper-nickel project in Mongolia, lifting the confidence of Asian Battery Metals ahead of more drilling. There have been 29 conductive plates identified at four distinct areas at just the halfway point of AZ9's SAMSON electromagnetic program. AZ9 MD Gan-Ochir Zunduisuren said the ongoing EM survey had delivered what the company hoped for – multiple shallow, coherent conductors that coincide with existing geological and geophysical datasets. 'These represent some of our most compelling targets to date, and we're excited to test them with drilling over the coming weeks,' he said. 'The SAMSON EM program has been expanded and will now focus on deeper zones and nearby structures similar to the Oval copper-nickel discovery.' AZ9 aims to restart drilling in August, with FLEM and MLEM surveys ongoing until mid-August. (Up on no news) Assays are expected shortly from a first phase of drilling at the Eastern Hills antimony/gold prospect within the Mt Clement project in WA's Ashburton Basin… and Marquee Resources shares have meanwhile increased 67% to a high of 1.5c. Seven RC holes were drilled for 1,346m in a program extended from the original plan as MQR seeks to confirm strike and depth extensions to historical mineralisation and identify new mineralised structures. 'We are highly encouraged by the technical outcomes from our first phase of drilling at Mt Clement,' executive chairman Charles Thomas said. 'Samples from the completed drilling have been submitted to ALS Laboratories for analysis and the results will be instrumental in refining our targets for the fully permitted phase 2 drilling program.' The company has received a A$469,095 cash rebate from the Federal Government's R&D Tax Incentive program in respect of eligible research and development expenditure for the year ended June 30, 2024. Diablo Resources (ASX:DBO) (Up on no news) With copper in its sights at the Phoenix project along strike from a producing mine in Utah, Diablo Resources increased 33.33% to 2c. Earlier in July the company completed a placement to professional, experienced and sophisticated investors raising $396,000 before costs. The placement at 1.2c per share included one free attaching option for every two new shares. The options, which are subject to shareholder approval, will be exercisable at 2.4c each expiring three years from the date of issue. Funds will support RC drilling at Phoenix, along strike from the producing 276Mlb Lisbon Valley copper mine. The approved drill program will begin as soon as practicable and target the Trenton and Philadelphia prospects. Sampling at Trenton along ~1.8km averaged 2.79% Cu and ranged from 0.28% to 8.21% Cu while at Philadelphia sampling over 750m averaged 6.29% Cu and ranged from 0.5% Cu to 45.7% Cu and 219 g/t silver. This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. At Stockhead we tell it like it is. While Albion Resources and Asian Battery Metals are Stockhead advertisers, they did not sponsor this article.
