The Day's Play Edition 140: Copper breaks new ground, silver pushes higher, gold targets multiply | SNX, SS1, DRE
THE COIN TOSS
SNX - Sierra Nevada Gold defined a new undrilled copper target at North Central, with rock-chip grades up to 15.8% Cu across 500m.
SS1 - Sun Silver extended high-grade silver mineralisation beyond the MRE, with 98.3m at 120.3g/t AgEq including 47.6m at 200.6g/t AgEq.
DRE - Dreadnought Resources defined multiple strong gold-in-soil anomalies across approximately 20km of strike at High Range.
QXR - QX Resources defined a 20-30Mt JORC Exploration Target at 400-500 ppm eU₃O₈, containing approximately 18-33Mlb.
GHM - Golden Horse Minerals extended Hopes Hill mineralisation at depth, delivering 16.6m at 3.4g/t Au including 5m at 9.9g/t Au.
OR3 - Ore Resources confirmed lithium mineralisation in all 5 targeted holes at Big Red, including 27m at 1.33% Li₂O.
PC2 - PC Gold achieved 99.4% gold extraction from weathered and transitional composites at P80 150µm in PFS metallurgical testwork.
SVY - Stavely Minerals extended Freddy’s Find gold-silver mineralisation to depth, with 13.7m at 1.80g/t AuEq including 4m at 3.41g/t AuEq.
PFE - Pantera Minerals commenced maiden 1,500m diamond drilling at Gillham, targeting antimony-silver mineralisation beneath historic mines.
VKA - Viking Mines recorded visible scheelite across all 3 Linka holes, with intervals of 12m, 13m and 11m.
BH6 - Broken Hill Gold identified multiple near-mine gold-copper targets at White Dam, supported by historical intercepts up to 36m at 1.0g/t Au and 0.3% Cu.
Sierra Nevada Gold (ASX:SNX)
New High-Grade Copper Target Defined At North Central
The Play
New undrilled North Central target returns rock-chip copper grades up to 15.8% along a 500m NNE trend.
The target is approximately 200m east of the main trend of ancient workings and has never been drill tested.
As Safra Southeast target extended 200m NNW and 100m SSW through new surface sampling.
Southern Au-Ag-Cu-Pb-Zn polymetallic breccia footprint expanded 150m north and 200m west.
New samples include up to 5.83g/t Au, 15.8% Cu and 5.22% Zn.
Results are being integrated with Phase 1 drilling and magnetic, gravity and IP datasets for Phase 2 targeting.
The Pitch
As Safra is a 100%-owned Copper-Gold Project in the Kingdom of Saudi Arabia.
The project comprises 5 contiguous exploration blocks covering 375km².
The principal mineralised corridor extends approximately 5.5km by 0.6km.
Only a small proportion of the known 5.5km mineralised corridor has been drill tested.
Multiple mineralisation styles have been identified, including Cu-Au skarn and replacement mineralisation and Au-Ag-Cu-Pb-Zn-rich breccia.
The Next Overs
Results from 21 remaining Phase 1 drill holes targeting copper zones are expected over the next 2 weeks.
Updated magnetic, gravity and IP interpretations will be integrated into Phase 2 targeting.
The expanded Phase 2 drilling program is expected to commence within 8 weeks.
Read full ASX Announcement here.
Sun Silver (ASX:SS1)
High-Grade Silver Extends Beyond Current MRE
The Play
MR25-235 returned 98.3m at 120.3g/t AgEq, including 47.6m at 200.6g/t AgEq.
Mineralisation outside the MRE reached 811.7g/t AgEq, including 769g/t Ag and 0.5g/t Au.
MR25-235 returned 86.9m at 0.10% Sb, with individual assays up to 1.23% Sb.
MR26-226 returned 26.3m at 52.6g/t AgEq, including 2.5m at 100.6g/t AgEq.
Drilling intersected predicted mineralised zones and tested open extensions during the 2026 exploration program.
The Pitch
Maverick Silver Project is located 85km from Elko in Nevada, USA.
Sun Silver holds a 100% interest in the Maverick Springs Project, comprising 989 unpatented lode mining claims.
The current Inferred Mineral Resource comprises 237.3Mt at 45.5g/t Ag and 0.30g/t Au.
The Mineral Resource contains 347.2Moz of silver and 2.25Moz of gold.
The deposit remains open along strike and at depth, with multiple mineralised intercepts outside the current resource model.
The Next Overs
Infill drilling will advance the Mineral Resource toward JORC Indicated classification.
Targeted step-out drilling will expand the Mineral Resource.
Scoping Study targeted for end 2026 or early 2027, subject to 2026 drilling progress.
Read full ASX Announcement here.
Dreadnought Resources (ASX:DRE)
Multiple Gold-in-Soil Anomalies Defined Over ~20km
The Play
Multiple strong gold-in-soil anomalies defined across ~20km at High Range North and Northwest.
Anomalies include Ag-As-Mo-Sb-Te +/- Cu-Pb-Zn pathfinder anomalism.
Anomalies correlate strongly with major structures interpreted from magnetic surveys.
High Range North and Northwest form a ~20km x ~6km camp-scale prospect.
This is the first gold-focused exploration undertaken within the High Range area.
The Pitch
Mangaroon Gold is 100%-owned by Dreadnought Resources in the Gascoyne region of Western Australia.
Mangaroon covers ~5,000km² and includes 5 camp-scale gold opportunities.
High Range lies within metasediments, mafic intrusives and chemical formations of the 1.67 Ga Edmund Group.
Edmund and Collins shear zones are splays off the crustal-scale Minga Bar Fault.
Historical prospecting provides evidence of gold in the High Range area.
The Next Overs
Detailed mapping and additional surface sampling will define and prioritise targets for discovery drilling.
Discovery drilling is planned by the end of 2026 or start of 2027.
Remaining soil and stream sediment results are expected throughout August and September 2026.
Read full ASX Announcement here.
QX Resources (ASX:QXR)
Madaba JORC Exploration Target Defines 20-30Mt Range
The Play
JORC Exploration Target spans 20-30Mt at 400-500 ppm eU₃O₈, containing approximately 18-33Mlb.
Exploration Target is conceptual, with insufficient exploration to estimate a Mineral Resource.
Historical P15 returned 2m at 3,450 ppm U₃O₈ from 7m.
Historical P74 returned 2m at 2,200 ppm U₃O₈ from 15.5m.
9 priority drill-ready targets have been defined from historical data and 3D modelling.
The Pitch
Madaba covers approximately 613km² in the Luwegu Basin, southern Tanzania.
Project comprises 3 granted exploration licences wholly controlled by QX Resources.
Mineralisation is hosted in early Jurassic Upper Karoo sandstones.
Higher-grade secondary uranium zones occur near surface through supergene enrichment.
Historical exploration was conducted by Uranerzbergbau GmbH between 1979 and 1982.
The Next Overs
High-resolution heli-borne radiometric and magnetic survey is planned for H2 2026.
Maiden RC, air-core and/or diamond drilling is planned for H2 2026, subject to EIA approval.
Drilling will test 9 priority targets and support resource estimation.
Read full ASX Announcement here.
Golden Horse Minerals (ASX:GHM)
High-Grade Hopes Hill Mineralisation Extends At Depth
The Play
26HHDD031 returned 16.6m @ 3.4g/t Au from 392.4m, including 5m @ 9.9g/t Au from 399m.
26HHRC147 returned 10m @ 11.3g/t Au from 116m, including 2m @ 52.3g/t Au from 124m.
26HHRC162 returned 21m @ 1.5g/t Au from 215m, including 13m @ 2.1g/t Au from 221m.
26HHRC159 returned 4m @ 7.4g/t Au from 128m and 4m @ 3.3g/t Au from 243m.
26GMRC009 returned 7m @ 4.8g/t Au from 139m and 2m @ 3.1g/t Au from 149m.
The Pitch
Hopes Hill is part of Golden Horse Minerals’ Southern Cross Gold Project in Western Australia.
Hopes Hill is located approximately 7km north of Southern Cross, WA, and has a 216koz Au deposit.
Golden Horse Minerals has consolidated in excess of 1,800km² of tenure within the Southern Cross Greenstone Belt.
The historic Hopes Hill mine is 1.3km long and reached a maximum depth of 90m.
The Next Overs
RC and diamond drilling is ongoing across Hopes Hill, with assay results expected to be released progressively.
Further drilling is planned to test mineralisation down dip, along strike and at depth.
Resource estimation is planned following further drilling activities at Hopes Hill.
Read full ASX Announcement here.
Ore Resources (ASX:OR3)
Diamond Drilling Reinforces Kangaroo Hills Lithium
The Play
All 5 targeted holes returned significant lithium mineralisation at the Big Red pegmatite system.
KHDD018 returned 27m @ 1.33% Li2O from 4m, including 5m @ 2.01% Li2O.
KHDD015 returned 22m @ 1.43% Li2O from 54m, including 11m @ 1.70% Li2O.
KHDD013 returned 25m @ 1.33% Li2O from 59m.
KHDD014 returned 22m @ 1.31% Li2O from 89m.
The Pitch
Kangaroo Hills is 100%-owned and forms part of the Coolgardie Lithium Projects.
The July 2026 programme comprised 7 diamond holes totalling approximately 640m.
Drilling collected material for planned ore sorting, metallurgical and geotechnical studies.
Testing confirmed low intrinsic iron content in Big Red mineralisation.
Ore is advancing a Study assessing a potential near-term DSO operation.
The Next Overs
The DSO Study and initial MRE are expected in the coming weeks.
Results from 3,000m of RC drilling are expected in September 2026.
Regional RC drilling continues across the broader Coolgardie Lithium Projects.
Read full ASX Announcement here.
PC Gold (ASX:PC2)
PFS Metallurgy Reports Strong Gold Extraction
The Play
Weathered and transitional composites achieved 99.4% overall gold extraction at P80 150 µm.
All tested domains returned 90.2-99.4% overall gold extraction at P80 106-150 µm.
Gravity gold recoveries ranged from 33.1% to 48.9% across the composites tested.
Fresh composites returned 90.2-98.7% extraction at P80 106-150 µm, with CIL used for MC3-5.
Very low lime and cyanide consumption was recorded across all composite samples.
The Pitch
Spring Hill is PC Gold’s flagship gold project located in the Northern Territory, Australia.
Spring Hill hosts a 43.6Mt @ 1.1g/t Au Mineral Resource reported at 1.5Moz Au.
The project has granted mining leases and environmental approvals for open-pit mining and underground refurbishment.
True specific gravity across six composites ranged from 2.87 to 3.07 t/m3 across domains.
Six master composites covered oxide, transitional and fresh domains in the PFS metallurgical testwork.
The Next Overs
Further testwork is underway to determine whether coarser grind sizes maintain extraction.
Further density testwork will be incorporated into the updated MRE targeted for mid-December 2026.
The PFS remains on track for delivery in mid-November 2026.
Read full ASX Announcement here.
Stavely Minerals (ASX:SVY)
Gold-Silver Mineralisation Extends At Depth
The Play
STDD0002 extended previous Freddy’s Find mineralisation to depth with 13.7m at 1.80g/t AuEq.
The interval includes 4m at 3.41g/t AuEq from 233m, including 1m at 7.03g/t from 233m.
A broader 32m interval returned 1.00g/t AuEq from 220m drill depth in STDD0002.
A deeper 28m interval returned 0.63g/t AuEq from 331m drill depth.
STDD0002 also returned 1m at 1.47g/t AuEq from 434m drill depth.
The Pitch
Freddy’s Find forms part of Stavely Minerals’ 100%-owned Stavely Copper-Gold Project in western Victoria.
Freddy’s Find lies within the Elliot Belt, approximately 26km long and 5.5km wide.
Mineralisation occurs within poly-phase diatreme breccia hosting epithermal-style gold-silver mineralisation.
The prospect is obscured by approximately 20-50m of younger basalt cover.
STDD0002 was the 2nd diamond hole drilled at Freddy’s Find, with core recovery above 95%.
The Next Overs
Approximately 10-12 reconnaissance RC holes will evaluate the Freddy’s Find strike extent.
The program will also test the S4 porphyry target southwest of Freddy’s Find.
A previously undrilled Freddy’s Find look-alike target to the west will also be tested.
Read full ASX Announcement here.
Pantera Minerals (ASX:PFE)
Maiden Drilling Begins At High-Grade Gillham
The Play
Maiden 1,500m diamond drilling has commenced at the 100%-owned Gillham Project in Arkansas.
The 10-hole program targets mineralisation beneath historic Davis, Stewart and May mines.
Rock chips returned up to 19.2% Sb and 63.8g/t Ag in 2026 sampling.
Soil sampling defined Sb anomalies over approximately 400m and 500m along the Stewart and May trend.
The program is the first known modern subsurface test at Gillham.
The Pitch
Gillham is 100%-owned by Pantera Minerals in southwest Arkansas, USA.
The project covers approximately 5,000 acres across Gillham East and Gillham West.
More than 18 historical antimony and silver workings and mines occur across the district.
Stewart and May historically produced stibnite, while Davis contains extensive underground development.
Historical activity was generally limited to shallow surface and near-surface mining.
The Next Overs
The program is expected to be completed within approximately 4-6 weeks.
Core will be progressively logged, processed and dispatched for assay.
Assay results will be reported as received, validated and interpreted.
Read full ASX Announcement here.
Viking Mines (ASX:VKA)
Visible Scheelite Intercepts Recorded At Linka
The Play
Maiden RC drilling identified visible scheelite across all 3 holes reported to date.
LKRC0002 returned 12m continuous visible scheelite from 40m, estimated at 0.1%-3.0%.
LKRC0003 returned 13m visible scheelite across a 19m horizon from 9m.
LKRC0004 returned 11m visible scheelite across a 21m horizon from 3m.
No laboratory analysis has yet been undertaken, with visual estimates not representing assay results.
The Pitch
Linka is located in Lander County, Nevada, within the Linka Tungsten Project.
The Project comprises 3 historically producing tungsten mines: Linka, Conquest and Hillside.
Mineralisation occurs as scheelite-bearing skarn in limestone along granitic intrusive contacts.
Viking signed a binding term sheet to acquire a 100% interest in the Project.
Existing infrastructure includes a ~46m shaft, historic pits, underground workings, ROM pad and tailings dam.
The Next Overs
Maiden RC drilling will be completed while metallurgical testwork continues.
Samples will be dispatched to ALS Laboratories in Reno for analysis.
First assay results are expected in approximately 4-6 weeks.
Read full ASX Announcement here.
Broken Hill Gold (ASX:BH6)
Multiple Near-Mine Gold-Copper Targets Identified
The Play
Multiple near-mine gold-copper targets identified through historical exploration and geophysical data review.
Mary Mine returned 16m @ 0.9g/t Au and 2.2% Cu from 13m.
Green and Gold returned 36m @ 1.0g/t Au and 0.3% Cu from 56m.
Wilkins returned 9m @ 0.9g/t Au and 0.5% Cu from 89m.
Several targets have no drilling or only limited deeper drilling beneath shallow oxide mineralisation.
The Pitch
White Dam is 100%-owned by Broken Hill Gold in South Australia.
The project is located 80km east of Broken Hill in the Curnamona Province.
White Dam exploration has historically focused on shallow oxide resources suitable for heap leach processing.
White Dam comprises multiple mining and exploration leases across the project area.
The August 2020 MRE totals 4.6Mt @ 0.7g/t Au for 101,900oz.
The Next Overs
IP and magnetic surveys will commence across the highest-priority areas.
Drilling is continuing at Icebreaker, with Vertigo North Extended and Hannaford programmes planned for August-September.
An updated and upgraded Oxide MRE is planned for Q4 2026.