The Day's Play Edition 114: Multi-billion-tonne target, copper system expands, strategic acquisition completed | TSK, TG1, OLY
THE COIN TOSS
TSK - Tusker Minerals defined a 2.1–2.6Bt JORC Exploration Target at the Douala Basin Project, establishing a large rutile-bearing mineral sands Exploration Target.
TG1 - TechGen Metals extended the Red Devil copper-gold mineralised shear zone to 1.8km with rock chip assays up to 42.6% Cu and 4.56g/t Au ahead of maiden drilling.
OLY - Olympio Metals completed the acquisition of the Raven Silver and Sawtooth projects, adding 107 mineral claims across Montana and Idaho.
GA8 - GoldArc Resources reported further high-grade grade control results at Mt Stirling Well as Phase 1 drilling neared completion ahead of mine planning.
KFM - Kingfisher Mining extended high-grade copper-gold mineralisation at Copper Blow with RC drilling returning up to 26m at 2.57% Cu and 0.75g/t Au.
WAF - West African Resources confirmed high-grade gold mineralisation below the M5 South Ore Reserve with drilling intersecting 27m at 6.7g/t Au.
MBG - MB Gold discovered a new gold zone at Twin Veins East with drilling returning up to 2m at 6.73g/t Au, including 1m at 13.12g/t Au.
ICL - Iceni Gold confirmed the Gander Fault at Goose Well, refining the geological model and structural controls for gold mineralisation.
HMD - HeraMED completed its Phase 1 pilot with Lee Health, supporting progression towards a Phase 2 decision for its digital pregnancy care model.
RCE - Recce Pharmaceuticals secured a Vietnamese Family 4 patent extending intellectual property protection for RECCE® anti-infectives until 2041.
M79 - Mammoth Minerals expanded high-grade mineralisation at Imperial with rock chip results returning up to 22.1g/t Au, 1,631g/t Ag and 15.6% Cu ahead of RC drilling.
Tusker Minerals (ASX:TSK)
Douala Exploration Target Reaches Multi-Billion-Tonne Scale
THE PLAY
JORC Exploration Target totals 2.1–2.6Bt at 2.1–2.3% THM.
The Exploration Target includes indicative grades of 0.3–0.35% rutile and 0.06–0.07% zircon.
The model estimates 48–55Mt of contained heavy minerals, including 7–8Mt of rutile and 1.4–1.7Mt of zircon.
The Exploration Target covers approximately 152km² within the 2,580km² Douala Basin Project.
Reconnaissance drilling returned up to 3.2m @ 0.76% rutile and 0.08% zircon from surface.
THE PITCH
The Exploration Target was prepared for the Diwong South Deposit under the JORC Code (2012).
The model comprises upper aeolian plateau and lower colluvial valley mineralised domains.
Rutile comprises approximately 15% and zircon approximately 3% of the modelled THM assemblage.
Kyanite comprises approximately 70% of the modelled THM assemblage.
The project is located approximately 10km from the Port of Douala, with broader licence areas within 25–50km of established infrastructure.
THE NEXT OVERS
Priority infill and step-out drilling will target the upper aeolian plateaus.
Deeper drilling will test extensions below the historical 18–24m depth limit.
Updated geological and block modelling will incorporate new drilling and technical data to support a maiden JORC Mineral Resource Estimate.
Read full ASX Announcement here.
TechGen Metals (ASX:TG1)
Red Devil Mineralised Trend Extends To 1.8km Before Drilling
THE PLAY
Red Devil mineralised shear zone extends to 1.8km from new high-grade rock chip assays.
Rock chip assays returned up to 42.6% Cu and 4.56g/t Au.
9 of 14 gossan rock chip samples returned more than 1% Cu.
Red Devil remains supported by a high-intensity IP chargeability feature and new surface rock chip assays.
Blue Devil and Red Devil are drill-ready following completion of approvals, earthworks and heritage surveys.
THE PITCH
TechGen owns 100% of the Blue Devil Copper-Gold Project in Western Australia.
The project covers 195km² within the Halls Creek Orogen.
Blue Devil comprises 3 airborne EM conductors with coincident copper and gold geochemical anomalies.
Red Devil hosts a core IP chargeability feature within a broader anomalous zone.
The project has 2 priority copper-gold targets.
THE NEXT OVERS
Drill contractor mobilisation.
Commencement of maiden drilling at Blue Devil and Red Devil.
Pending assays following completion of Blue Devil and Red Devil drill holes.
Read full ASX Announcement here.
Olympio Metals (ASX:OLY)
US Silver And Antimony Acquisition Completed
THE PLAY
Olympio completed due diligence and will proceed with acquiring the Raven and Sawtooth projects.
The acquisition adds the Raven Silver Project in Montana and Sawtooth Antimony Project in Idaho.
The projects comprise 107 mineral claims.
The Raven Mine historically recorded average production grades of 2,084g/t Ag and 19.51% Cu.
Neither project has recorded modern exploration or drilling.
THE PITCH
The Raven Project comprises 27 mineral claims within the Thompson River mining district.
The Sawtooth Project comprises 3 prospects across 80 mineral claims in Idaho.
The Raven Project hosts the historical Raven and Silver King mines.
Both projects are prospective for silver, antimony and copper.
The Raven Project is located 45km from United States Antimony Corp's processing facility and Stibnite Hill mine.
THE NEXT OVERS
Ground reconnaissance mapping and sampling will focus on the Raven and Silver King mines.
Initial field work will focus on the Raven Project.
The Company will update the market on field work progress.
Read full ASX Announcement here.
GoldArc Resources (ASX:GA8)
High-Grade Grade Control Supports Mt Stirling Mine Planning
THE PLAY
Mt Stirling Well returned 2m at 13.46g/t Au, including 1m at 21.4g/t Au.
Grade control drilling returned 1m at 31.0g/t Au, the deposit's strongest intercept to date.
Four successive result batches confirmed consistent high-grade mineralisation at Mt Stirling Well.
Phase 1 of the Mt Stirling grade control program is largely complete.
Approximately 25,292m of the 34,000m combined grade control program has been completed.
THE PITCH
Mt Stirling and Mt Stirling Well form part of the Leonora North hub.
The 34,000m combined RC grade control program is fully funded by BML Ventures.
GoldArc retains 100% ownership of Mt Stirling and Mt Stirling Well.
The program operates under a 50/50 net profit share arrangement with BML Ventures.
Mt Stirling Well hosts a JORC Inferred Mineral Resource of 198,000t at 2.3g/t Au.
THE NEXT OVERS
Mine planning and mining models will be updated ahead of anticipated MDCP approval.
Grade control drilling will continue at Mt Stirling Well.
Further grade control results will be released as batches are received and QA/QC validated.
Read full ASX Announcement here.
Kingfisher Mining (ASX:KFM)
High-Grade Copper-Gold Drilling Extends Copper Blow Mineralisation
THE PLAY
RC drilling confirmed wide, shallow high-grade copper-gold mineralisation at Copper Blow.
Best intercept returned 26m @ 2.57% Cu and 0.75g/t Au, including 13m @ 4.07% Cu and 1.20g/t Au.
A second intercept returned 43m @ 1.32% Cu and 0.32g/t Au from surface.
High-grade sulphide mineralisation extended 50m towards the North Zone cross fault.
Drilling confirmed mineralisation remains open along strike and at depth.
THE PITCH
Kingfisher Mining holds a 75% interest in the Copper Blow IOCG Project near Broken Hill.
Copper Blow is hosted within the Copper Blow Shear Zone.
The project comprises North and South mineralised zones across approximately 600m of strike.
Broken Hill Mines holds the remaining 25% project interest.
Kingfisher has a processing agreement with Broken Hill Mines covering its concentrator approximately 20km from Copper Blow.
THE NEXT OVERS
New assay results will be integrated into the geological model.
Planning and approvals will progress for the next drilling program, including diamond drilling.
Metallurgical assessment and geophysical target reviews will continue.
Read full ASX Announcement here.
West African Resources (ASX:WAF)
M5 South Drilling Extends High-Grade Gold Below Ore Reserve
THE PLAY
Diamond drilling intersected 27m at 6.7g/t Au beneath the M5 South underground Ore Reserve.
Drilling confirmed high-grade mineralisation below the current M5 South Ore Reserve.
Resource conversion drilling returned intercepts including 19m at 4.9g/t Au and 11m at 3.0g/t Au.
Infill drilling returned up to 29m at 16.4g/t Au and 39m at 5.0g/t Au.
M5 North infill drilling was completed, returning broad gold intersections within the current Ore Reserve.
THE PITCH
The M5 deposit is part of the Sanbrado Gold Operations in Burkina Faso.
M5 South resource conversion drilling targets Inferred Mineral Resources between the 1600 and 1800 levels.
M5 South infill drilling supports short-term mine planning and grade control.
M5 North infill drilling targeted the current Ore Reserve between the 1900 and 2150 levels.
Two diamond drill rigs are operating at M5 South, with a third to be mobilised once underground development commences.
THE NEXT OVERS
M5 South drilling will continue throughout the remainder of 2026.
M5 North drilling will shift to resource and reserve growth opportunities at the M5 deposit.
Results will be incorporated into the planned Mineral Resource and Ore Reserve update in Q1 2027.
Read full ASX Announcement here.
MB Gold (ASX:MBG)
New Gold Zone Identified At Twin Veins East
THE PLAY
Twin Veins East drilling identified a new gold zone.
Best assay returned 2m @ 6.73g/t Au, including 1m @ 13.12g/t Au.
Additional assays returned 3m @ 2.31g/t Au and 1m @ 6.03g/t Au.
Results were returned 500m east of known high-grade shoots at Twin Veins.
Results demonstrate potential for additional shoots along the 1.5km Twin Veins gold-in-soil anomaly.
THE PITCH
MB Gold is advancing the Marble Bar Gold Project in Western Australia's Pilbara region.
Twin Veins East mineralisation is hosted in quartz veining within mafic to felsic volcaniclastics.
Strong sericite alteration at Twin Veins East is also observed at the central Twin Veins prospect.
The project contains a 12km corridor of gold-in-soil geochemical anomalies.
The project includes the Twin Veins, Douglas Find, Razorback and Murphy Well prospects.
THE NEXT OVERS
Phase 2 drilling will include Razorback and extensional drilling at Twin Veins and Douglas Find.
Further drilling is required to determine whether Twin Veins East mineralisation has high-grade plunge control.
The IP, LiDAR and HYMAP surveys will support targeting of further potential gold discoveries.
Read full ASX Announcement here.
Iceni Gold (ASX:ICL)
Gander Fault Confirmed At Goose Well Ahead Of Assays
THE PLAY
Diamond drilling confirmed the Gander Fault at the Goose Well target.
Hole FMDD0058 intersected a ~25m-wide interval of broken and brecciated ground.
Core identified a multi-phase intrusive system with multiple generations of lamprophyre dykes.
Strong silica-carbonate alteration, abundant sulphides and host rock demagnetisation indicate a significant hydrothermal system.
Core observations refined the geological model and structural framework for gold mineralisation.
THE PITCH
Iceni owns the 14 Mile Well Gold Project between Leonora and Laverton.
Goose Well is centred on the Goose Well Intrusive Complex.
The intrusive complex comprises quartz syenite and monzogranite intruded by multiple lamprophyre generations.
The Gander Fault is interpreted as a north-south trending structural corridor.
Goose Well is a priority target within the 14 Mile Well Gold Project.
THE NEXT OVERS
Core processing and sampling are underway.
Assay results are due in August.
Geological, petrophysical and structural data will be integrated into the exploration model to refine drill targeting.
Read full ASX Announcement here.
HeraMED (ASX:HMD)
Lee Health Pilot Advances To Phase 2 Decision
THE PLAY
Phase 1 pilot with Lee Health was successfully completed.
The pilot evaluated HeraCARE within a digital-first hybrid obstetrics care model.
44 patients completed virtual prenatal visits during the 6-month pilot.
Patient outcomes included 92% virtual adoption and 100% likelihood to recommend.
HeraMED and Lee Health are progressing final internal sign-off for Phase 2.
THE PITCH
HeraCARE combines virtual visits, remote patient monitoring, fetal doppler and blood pressure monitoring.
The pilot assessed patient adoption, engagement, access, experience and modelled operational value.
Lee Health is the largest network of medical care facilities in Southwest Florida.
Lee Health delivers approximately 8,000 babies annually.
The digital pregnancy pathway was designed around 11 visits compared with approximately 15 in-person visits.
THE NEXT OVERS
Lee Health will complete final internal sign-off for Phase 2.
A Phase 2 decision is targeted in the coming weeks.
HeraMED expects to update shareholders once the Phase 2 approval process has been finalised.
Read full ASX Announcement here.
Recce Pharmaceuticals (ASX:RCE)
Vietnam Grants Family 4 Patent For RECCE Anti-Infectives
THE PLAY
Vietnam granted a Family 4 patent for RECCE® anti-infectives with expiry in 2041.
The patent covers RECCE® 327 (R327) and RECCE® 529 (R529).
Patent claims cover preparation methods and therapeutic use for bacterial and viral infections.
The patent covers oral, inhalation, transdermal and injectable administration.
Vietnam is the eighth jurisdiction to grant the Company's Family 4 patent.
THE PITCH
Recce is developing a new class of synthetic anti-infectives.
R327 and R529 form part of the Company's patented anti-infective portfolio.
The patent also covers aerosol, gel, topical foam, ointment and dressing-based delivery.
Recce's intellectual property portfolio focuses on strategically important antibiotic markets.
Family 4 patents have also been granted in Australia, Canada, China, Hong Kong, Israel, Japan and Brazil.
THE NEXT OVERS
Further Patent Cooperation Treaty submissions remain under review or have been allowed.
Recce will continue expanding its intellectual property footprint across strategically important markets.
The Company will continue advancing and commercialising its anti-infective platform.
Read full ASX Announcement here.
Mammoth Minerals (ASX:M79)
High-Grade Imperial Results Expand Drill Targets
THE PLAY
Rock chip sampling confirmed high-grade mineralisation beyond historical Imperial workings.
Best gold result returned 22.1g/t Au with 8.4g/t Ag.
Best silver result returned 1,631g/t Ag with 0.3g/t Au, 3.8% Pb, 1.9% Zn and 0.34% Sb.
Best copper result returned 15.6% Cu.
Results generated multiple priority drill targets ahead of the planned RC drilling campaign.
THE PITCH
Imperial forms part of the Excelsior Springs Project in Nevada.
Mineralisation comprises gold, silver, copper and base metals across historical workings.
The Railroad target returned high-grade silver with supporting gold from historical workings.
Blue Dick has returned high-grade silver, gold, copper and antimony from previous surface sampling.
The Excelsior Springs Project includes the Blue Dick, Imperial, Railroad and Buster target areas.
THE NEXT OVERS
RC drilling is planned across the Blue Dick, Buster and Imperial project areas.
The program will target Blue Dick trends, Imperial extensions and Railroad targets.
Prospecting and mapping will continue across additional Excelsior Springs targets.