The Day's Play Edition 131: Strategic expansion, resource growth and gold extensions | GA8, BTM, ADD
THE COIN TOSS
GA8 - GoldArc Resources secured a binding acquisition expanding its Leonora South footprint with high-grade gold targets across the Niagara corridor.
BTM - Breakthrough Minerals extended copper-gold mineralisation beyond the Turpentine Mineral Resource with first resource expansion drilling.
ADD - Adavale Resources extended gold mineralisation beneath the London-Victoria open pit with 11 additional resource drill holes.
PUR - Pursuit Minerals confirmed a district-scale gold-silver system and defined five priority drill targets at Sascha Marcelina.
SMM - Somerset Minerals confirmed a new copper-silver discovery at Talisker with thick high-grade mineralisation from its first two drill holes.
ITM - iTech Minerals delivered its best Reynolds Range intercept, confirming a thick high-grade gold-antimony system open at depth.
TKM - Trek Metals confirmed a high-grade near-surface manganese discovery at Kuro from first drill assays.
CCO - The Calmer Co secured a long-term kava supply agreement reserving 10t of monthly supply capacity.
BGD - Barton Gold completed Phase 2 resource upgrade drilling at Tunkillia, advancing JORC classification upgrades.
FG1 - Flynn Gold secured a non-binding ore purchase agreement with Henty Gold Mine, establishing indicative commercial terms for ore sales.
KAO - Kaoko Metals commenced maiden diamond drilling at Chalkos, targeting priority copper-silver prospects and depth extensions.
GoldArc Resources (ASX:GA8)
Binding Acquisition Extends Leonora South Gold Corridor
THE PLAY
GoldArc entered a binding agreement to acquire the Niagara West and North tenement package.
The acquisition extends the Company's Leonora South footprint across the Niagara gold corridor.
The package includes historical high-grade gold drilling and open-ended 2023 RC drill intersections.
Historical workings define east-west and NNE-SSW mineralised structural trends with priority drill sites.
The acquired tenements will be the priority focus of the next Leonora South exploration program.
THE PITCH
The acquisition comprises seven granted prospecting licences and one prospecting licence application.
Niagara West lies immediately north of the Orion and Sapphire Mineral Resources.
Niagara North hosts defined gold geochemical anomalies and has not been bedrock drilled.
The acquired tenements share the same orogenic, vein-controlled gold system as Leonora South.
Upfront consideration comprises A$1.5M in GoldArc shares, with milestone-based contingent consideration.
THE NEXT OVERS
GoldArc intends to seek shareholder approval by 30 September 2026.
Reconnaissance mapping, rock-chip sampling, soil sampling and geochemical analysis are planned following completion.
Priority drill testing will follow initial fieldwork on the most encouraging targets.
Read full ASX Announcement here.
Breakthrough Minerals (ASX:BTM)
First Resource Expansion Assays Confirm Turpentine Extension
THE PLAY
First resource expansion assays confirmed copper-gold mineralisation in the Turpentine northern down-plunge target.
Drilling returned 16m @ 1.30% CuEq including 6m @ 2.18% CuEq from 180m.
A second hole returned 19m @ 1.03% CuEq including 4m @ 2.83% CuEq from 216m.
Assay intervals in 26TUR002 and 26TUR003 ended in mineralisation.
Results confirmed mineralisation continues beyond the current Turpentine Mineral Resource envelope.
THE PITCH
Turpentine is the largest deposit within the Hazel Creek Copper-Gold Project.
The deposit hosts an Inferred Mineral Resource of 8.7Mt @ 1.16% CuEq for 101,000t contained CuEq.
The program targets the interpreted northern down-plunge continuation using gravity inversion modelling and magnetic data.
The North Queensland Copper-Gold Project hosts a global Mineral Resource of 18.8Mt @ 1.07% CuEq for 200,000t contained CuEq.
Barbara assay results confirmed mineralisation continuity at depth and along strike.
THE NEXT OVERS
Six additional Turpentine drill holes have been completed and are awaiting assay.
Drilling is continuing to test the northern down-plunge target.
A further ~2,500m RC drilling program is planned across priority Hazel Creek targets.
Read full ASX Announcement here.
Adavale Resources (ASX:ADD)
Wide Gold Intercepts Extend Beneath London-Victoria Open Pit
THE PLAY
Assays from 11 additional reverse circulation drill holes extended gold mineralisation beneath the London-Victoria open pit.
Consistent wide gold intercepts were returned across six drill sections spanning approximately 700m.
Results increased drill density beneath the existing 1.5km-long London-Victoria open pit.
Broad gold intersections were reported in ALRC060, ALRC061 and ALRC070.
The latest results comprise 11 reverse circulation drill holes totalling 2,394m from the ongoing resource drillout.
THE PITCH
London-Victoria is an existing 1.5km-long open pit within the Parkes Project in New South Wales.
The current program is a systematic resource drillout beneath the 1.5km-long London-Victoria open pit.
Adavale is a gold and copper explorer-developer focused on the Lachlan Fold Belt of New South Wales.
The Parkes Project comprises the Calarie Mining Licence and 10 granted exploration licences covering approximately 610km².
The Parkes Project spans approximately 70km of contiguous strike within the Macquarie Arc.
THE NEXT OVERS
Drilling remains active, with further assay results expected in the coming weeks.
Additional drilling will support the planned Mineral Resource update this quarter.
Additional drilling data will be incorporated into the geological model.
Read full ASX Announcement here.
Pursuit Minerals (ASX:PUR)
Geological Mapping Defines Five Priority Drill Targets
THE PLAY
Detailed geological mapping confirmed a district-scale volcanic-hydrothermal gold-silver system at Sascha Marcelina.
The review defined and ranked five priority exploration targets ahead of maiden drilling.
Geological interpretation defined the principal controls on mineralisation across the project.
Marcelina was identified as a priority target supported by historical drilling, soil anomalism and IP chargeability.
Sascha Northwest was confirmed as the highest-priority vein target within the 5.5km Sascha mineralised corridor.
THE PITCH
The Sascha Marcelina Project is located in Santa Cruz Province, Argentina.
The project comprises five exploration centres within a district-scale volcanic-hydrothermal system.
The mapped system is centred on the Cerro Pellegrini Rhyolitic Dome complex.
The Quartz-Eye Crystal-rich Ignimbrite and Crystal- and Ash-rich Ignimbrite are the principal host rocks.
The geological study comprised two field campaigns over 30 field days with 1:10,000-scale mapping.
THE NEXT OVERS
A maiden drilling program is set to commence in the near term.
Initial drilling will target priority zones defined by geological mapping and IP.
Marcelina, Sascha Northwest and Estancia are the initial drilling priorities.
Read full ASX Announcement here.
Somerset Minerals (ASX:SMM)
Maiden Drilling Confirms New Copper-Silver Discovery
THE PLAY
Maiden drilling confirmed a new copper-silver discovery with both initial drill holes intersecting thick high-grade mineralisation.
First assay results from TARC0003 and TARC0008 returned broad high-grade copper-silver intercepts.
Both drill holes intersected broad copper-silver mineralised envelopes beneath thin glacial cover.
The maiden program confirmed the discovery within the central Talisker corridor.
The reported drill holes were completed on separate section lines 80m apart.
THE PITCH
Coppermine Project comprises 107 exploration licences and 1 exclusive exploration right covering 1,677km² in Nunavut.
Talisker is a ~17km geochemical and geophysical anomaly supported by surface copper mineralisation.
The maiden reverse circulation program is the first drill test of the Talisker fault zone.
Talisker is located approximately 4km from White Cliff Minerals' Danvers deposit on a linked structure.
Permits are in place for up to 100 drill holes across the licence area.
THE NEXT OVERS
Assays for the remaining 12 drill holes are expected on a rolling basis.
Results will be integrated with geological logging, multi-element geochemistry and final soil laboratory assays.
Final laboratory assays from the 641-sample infill soil program remain pending.
Read full ASX Announcement here.
iTech Minerals (ASX:ITM)
Best Reynolds Range Drill Result Confirms High-Grade Gold-Antimony System
THE PLAY
RC drilling returned 36m @ 5.60g/t Au and 1.2% Sb from 81m at Sabre.
Drilling confirmed a continuous, steeply dipping gold-antimony mineralised zone at Sabre.
The standout intercept included 8m @ 13.41g/t Au and 1.9% Sb from 104m.
Three additional RC drill holes intersected gold mineralisation.
The mineralised zone remains open along strike and at depth.
THE PITCH
Reynolds Range is iTech Minerals' 100%-owned gold-antimony project in the Northern Territory.
The project comprises four granted Exploration Licences covering approximately 791km².
Sabre is part of the greater than 42km Stafford Gold Trend.
Gold and antimony mineralisation is hosted within a steeply dipping metasedimentary sequence.
Metallurgical testwork is underway to determine gold and antimony recoveries.
THE NEXT OVERS
Follow-up drilling is underway targeting deeper down-dip and north-east strike extensions.
The drill rig will return to the Falchion Prospect after completing drilling at Sabre.
Detailed soil sampling and a drone magnetic survey are planned following the current drilling program.
Read full ASX Announcement here.
Trek Metals (ASX:TKM)
First Drill Assays Confirm High-Grade Manganese Discovery
THE PLAY
First laboratory assays confirmed a high-grade near-surface manganese discovery at Kuro.
Drilling returned 10m @ 42.3% Mn from 13m within 13m @ 34.9% Mn.
Additional high-grade intercepts included 4m @ 44.6% Mn from surface and 11m @ 24.0% Mn from 6m.
15 of the first 21 drill holes intersected manganese above a 5% Mn cut-off.
Peak assay reached 54.4% Mn from 16m down-hole in hole 26XCRC020.
THE PITCH
Kuro is within Trek Metals' 100%-owned Christmas Creek Project in Western Australia.
The maiden reverse circulation program is testing a near-surface manganese system.
Significant intercepts occur between surface and 37m down-hole.
Samples grading at least 20% Mn average 2.7% Fe and 0.04% P.
No Mineral Resource has been estimated for the Kuro Prospect.
THE NEXT OVERS
Remaining Phase 1 assay results are expected over the next 3–5 weeks.
Induced Polarisation surveying is continuing across high-priority target areas.
The RC drill rig will continue testing regional targets before returning to Kuro.
Read full ASX Announcement here.
The Calmer Co (ASX:CCO)
Long-Term Kava Supply Agreement Secured
THE PLAY
The Calmer Co executed a long-term strategic supply agreement for premium noble kava.
The agreement reserves 10t of premium noble kava supply capacity each month.
Reserved supply will be sourced from Papua New Guinea and Vanuatu.
The agreement has an indicative annual supply value of approximately A$8.65M.
The agreement establishes quality assurance requirements including product specifications, laboratory testing and supplier performance standards.
THE PITCH
The agreement complements procurement across Fiji, Papua New Guinea and Vanuatu.
Current manufacturing capacity is approximately 5t of dried kava per week.
The reserved supply capacity does not create a minimum purchase obligation.
The supplier has annual turnover of approximately A$38M.
The agreement supports branded consumer products and botanical ingredients operations.
THE NEXT OVERS
Additional manufacturing capability is expected through the Heads of Agreement with Kaiming Agro, subject to definitive agreements.
Annual supplier performance reviews will be conducted under the agreement.
Quality management procedures will be implemented across the expanded sourcing network.
Read full ASX Announcement here.
Barton Gold (ASX:BGD)
Phase 2 Resource Upgrade Drilling Completed At Tunkillia
THE PLAY
Phase 2 Resource upgrade drilling at Tunkillia was completed after 38,760m across 311 RC and diamond drill holes.
Combined Phase 1 and Phase 2 drilling totalled 57,653m across 520 RC and diamond drill holes.
The program targets JORC Indicated classification within optimised open pits and Measured classification for selected S1 material.
Phase 2 drilling expanded by up to 10,500m following interim assessment of Phase 1 drilling.
The Pre-Feasibility Study for the Tunkillia Gold Project is underway.
THE PITCH
Tunkillia is Barton Gold's flagship gold project in South Australia.
The Resource upgrade program supports future conversion to Ore Reserves, subject to technical assessment.
The S1 Starter Pit is modelled to yield 206koz Au and 491koz Ag.
The completed drilling campaign used four drill rigs over approximately five months.
The Pre-Feasibility Study builds on the May 2025 Optimised Scoping Study.
THE NEXT OVERS
Additional Phase 2 assay results will be released in the coming months.
Resource upgrades will follow as further assay results are received.
The Pre-Feasibility Study is targeting publication in Q1 CY2027.
Read full ASX Announcement here.
Flynn Gold (ASX:FG1)
Ore Purchase Agreement Opens Potential Production Pathway
THE PLAY
Flynn Gold executed a non-binding ore purchase agreement with Henty Gold Mine.
The agreement establishes indicative commercial terms for potential ore or concentrate sales.
The agreement provides an opportunity to evaluate a potential low-capex production pathway.
The agreement applies across Flynn Gold's Tasmanian projects.
Flynn Gold recently lodged a Mining Lease Application for the Golden Ridge Project.
THE PITCH
Henty Gold Mine operates an existing gold processing facility in western Tasmania.
The agreement does not oblige either party to complete a transaction.
A Confidentiality Agreement has been executed to support information sharing.
Golden Ridge metallurgical testwork achieved more than 94% gold recoveries using a comparable leaching process.
The initial development focus is the Golden Ridge Project.
THE NEXT OVERS
Environmental surveys will continue at the Golden Ridge Project.
Resource drilling is planned at the Brilliant and Trafalgar prospects.
Metallurgical studies tailored to potential Henty Gold Mine feed specifications will commence.
Read full ASX Announcement here.
Kaoko Metals (ASX:KAO)
Maiden Diamond Drilling Begins At Chalkos
THE PLAY
Maiden diamond drilling has commenced at the Chalkos Copper-Silver Project in Namibia.
An initial 2,000-3,000m program targets the high-priority Donkey Hill and Otniel prospects.
The program will test known copper-silver mineralisation at depth and along strike.
Drilling will assess structural controls on mineralisation across the project.
Detailed structural mapping is progressing across the 2.2km prospective corridor between Donkey Hill and Otniel.
THE PITCH
Chalkos is Kaoko Metals' flagship copper-silver project in Namibia.
Optimine Exploration has mobilised to site and drilling activities are underway.
The drilling program follows reconnaissance mapping, geological interpretation and target refinement.
Known copper-silver mineralisation outcrops at Donkey Hill and Otniel.
Structural mapping is being integrated with diamond drilling data to refine the geological model.
THE NEXT OVERS
Diamond drilling will test depth extensions beneath surface mineralisation.
Drilling data will be integrated into the Company's evolving geological model.
The results will assist in prioritising future drilling across the broader Chalkos Project.