Golden Rim on verge of sizable new gold discovery

Golden Rim Resources (ASX: GMR) has returned highly significant RC drilling results at its Red Hill prospect, located just southwest of its 1.4 million ounce Kouri gold project in Burkina Faso. The company is of the view that the magnetic anomalies are associated with cross-cutting shear zones that form part of the prospective Samira Hill Fault system, which extends for 40km through Kouri. Golden Rim's 3,000m RC program has therefore been extended.

VRX declares maiden resource for Arrowsmith Central

VRX Silica (ASX: VRX) has revealed a maiden inferred Mineral Resource for its Arrowsmith Central silica sands project of 28 million tonnes at 97.7 per cent SiO2. The result was based on an exploration program of 39 hand-held auger drill holes. The resource area is a small portion of the tenement area. Further drilling is planned for early next year.

Core starts resource drilling at Finniss

Core Lithium (ASX: CXO) has commenced resource expansion and infill drilling at its Finniss lithium project near Darwin, following successful drilling at numerous prospects within the project. The newly-funded drilling programs are aimed at expanding the spodumene pegmatite mineralisation already identified at the Hang Gong, Lees-Booths Link and Carlton prospects, with the objective of defining initial JORC Mineral Resource estimates for those prospects.

Great Western to consolidate Yerrida Basin tenements

Great Western Exploration (ASX: GTE) says it has taken steps to substantially build its foothold in the Yerrida Basin in WA, where it believes there is significant potential for the discovery of major base metals deposits. The company has now amassed 5,400 square kilometres of terrain in the area, and is integrating newly acquired areas into its 2019 exploration program.

Underground drilling at Deflector reveals more high-grade mineralised zones

Doray Minerals (ASX: DRM) says drilling at its high-grade Deflector gold-copper mine in the Murchison has further extended the mineralised footprint, boding well for next year's resource update. Hits from the infill and in-mine exploration campaign included 1.3m at 59.2g/t and 0.4% copper, 1.5m at 39.8g/t, 0.5m at 724g/t and 18.8% copper, and 1.9m at 29.9g/t and 0.1% copper. More drilling is planned.

VRX Silica attracts offers for silica sand

Emerging silica sands miner VRX Silica (ASX: VRX) has received three letters of intent for the offtake of about 590,000 tonnes of product annually from its assets in Western Australia. The LOIs were from a diverse range of silica sand distributors in the Asia-Pacific region - the company's primary target market for the supply of silica sand - to supply product to different countries for a range of industries.

Birimian signs MOU with General Lithium Corp

Birimian (ASX: BGS) has entered into a memorandum of understanding with General Lithium Corporation for 200,000 tonnes per annum of spodumene concentrate from its Goulamina lithium project in Mali. The MOU, which will lead to negotiations over the offtake agreement, would equal to about 55 per cent of the planned production output from Goulamina.

Golden Rim to buy Lafi Gold

Golden Rim Resources (ASX: GMR) has announced plans to acquire Lafi Gold - owner of two exploration permits adjacent to the company's Kouri gold project in Burkina Faso - in an all-scrip deal. The agreement will see Lafi emerge with a 14.9 per cent stake in Golden Rim and will have the right to nominate a representative to Golden Rim's board. Golden Rim will, in turn, own the Goueli and Margou permits, which will provide potential to significantly increase the existing Mineral Resource at Kouri.

Zenith strikes gold at Kavaklitepe

Perth-based explorer Zenith Minerals says it has received assay results from initial follow-up drill testing at its Kavaklitepe gold project in Turkey, which has defined gold mineralisation over the length of the 900m-long Kuzey prospect. Samples from the intervals have been submitted to the assay lab for analysis, with results expected by mid-January.

Goldfields Money upbeat on October stats

Goldfields Money (ASX: GMY) says it (and Finsure) continued its run of strong performance during October, with increases across all key operating metrics including managed loans settlements, aggregation settlements and the recruitment of loan writers. The Company reported another particularly strong performance in the higher-margin Managed Loan Settlements division, as a result of the consolidation of four mortgage managers into the business over the past 2 years.