All in gold

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.

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.

Aircore drilling delivers more gold at the Hub, follow-up RC underway

Emerging explorer NTM Gold (ASX: NTM) has added to expectation of a new significant gold discovery at its Redcliffe project near Leonora, in WA's Goldfields, with the final round of aircore drilling delivering high-quality results from the Hub prospect. The latest aircore hits at the Hub included 5m at 3.69g/t from 15m and 5m at 3.09g/t from 15m. NTM has begun a follow-up RC drilling campaign, with Hub a priority target among an expanding list of exciting new prospects at Redcliffe.

Norwest lists on ASX, begins drilling at Warriedar

Australian Mines spin-out Norwest Minerals has hit the ground running after listing on the ASX last week, with the commencement of a drilling program at its Warriedar gold project south of Mt Magnet in Western Australia. Norwest raised $6.6 million under its initial public offering, and understanding that one of the best ways to create wealth for shareholders is through exploration success, it immediately commenced an RC program at Warriedar.

Nexus completes Wallbrook tenement buy

Nexus Minerals (ASX: NXM) has completed its acquisition of the tenements of the Wallbrook gold project from gold miner Newmont. The tenements are located along strike immediately to the north, south and encompassed within the existing Wallbrook gold project tenements which are already owned by Nexus.

Outstanding aircore results, more cash drives NTM Gold

Emerging Goldfields explorer NTM Gold (ASX: NTM) is preparing for a campaign of RC drilling at its Redcliffe project near Leonora to follow up a highly successful 301-hole, 18,000m aircore program. Cashed up following agreement for a $2m injection from DGO Gold (ASX: DGO) and a $950,000 placement at 4c to investors including directors, NTM wants to kick off RC drilling within weeks and target exciting new prospects including the Hub.

Doray, Silver Lake bounce back as market takes a closer look at gold merger

The gold sector focused on Doray Minerals and Silver Lake Resources this week after the two WA-based gold producers announced a nil-premium merger to create a $400 million mid-tier ASX-listed company with pro-forma production this year of 240,000 ounces of gold and gold equivalents. After some initial selling by investors, Doray and Silver Lake returned to the winner’s list on Friday to end the week on a high.