The Day's Play Edition 143: High-grade core widens, gold discovery confirmed | PNN, RML, OMA
THE COIN TOSS
PNN - Power Minerals widened Morro do Ferro’s high-grade core to 53m at 9.87% TREO, including 26.9m at 13.0% TREO.
RML - Resolution Minerals confirmed a Golden Gate South discovery with 305.7m at 0.64g/t Au, extending mineralisation at least 2,000m south.
OMA - Omega Oil & Gas confirmed a 526m oil and gas-bearing Permian interval at Canyon-3, including 170m aggregate net pay and 18m net oil-bearing sands.
NPM - NewPeak Metals reported 657m at 0.30g/t AuEq from surface, including 202m at 0.50g/t, confirming Las Opeñas scale.
GBR - Great Boulder Resources intersected gold in previously barren Jubilee dolerite, alongside a 4m at 37.1g/t Au intersection at Durack.
PGL - Pilbara Gold extended Mt York mineralisation at depth, including 10m at 4.02g/t Au and 22m at 2.04g/t Au.
AX8 - Accelerate Resources confirmed a broad +300m Spencers gold system, including 11m at 4.65g/t Au with 1m at 46.93g/t Au.
PC2 - PC Gold returned Link Zone infill grades above local modelled grades, supporting resource confidence, grade enhancement and potential conversion to Reserves.
M96 - Maverick Minerals Australia completed acquisition of a 90% interest in Lyza Mining, adding 8 granted West Arunta tenements covering approximately 220km².
OLY - Olympio Metals completed Jacknife due diligence and proceeded with acquisition of an 80% project interest under a binding agreement.
AZ9 - Azzuro Resources PLC defined maiden JORC Exploration Targets across Oval and Red Hill, with an arithmetic sum of 21Mt to 55Mt.
GA8 - GoldArc Resources extended Whistler gold anomalism 400m south, with 8m at 811ppb Au and broader southern anomalism.
Power Minerals (ASX:PNN)
High-grade TREO core widens at Morro do Ferro
THE PLAY
MFSR-052 returned 137m at 4.31% TREO and 0.73% MREO from surface across the full hole.
53m at 9.87% TREO and 1.69% MREO extended the high-grade core from surface.
26.9m at 13.0% TREO and 2.40% MREO delivered the Project’s highest-grade wide intersection.
Peak sample returned 19.51% TREO and 3.96% MREO over 2m from 39m.
MFSR-052 sits 31.5m from MFSR-051, with the ~10% TREO core widening to 53m.
THE PITCH
Power Minerals is conducting a maiden diamond drilling program at the Morro do Ferro Project.
MFSR-052 was drilled as the second hole of the maiden diamond drilling program.
MREO comprises neodymium, praseodymium, terbium and dysprosium oxides within whole rock, as defined by Power Minerals.
Reported intervals are downhole widths and may not represent true thickness of mineralisation.
Morro do Ferro is located in southern Minas Gerais state, Brazil, within Power Minerals’ REE portfolio.
THE NEXT OVERS
Further MFSR-053 onwards assays remain pending and will be released as received.
Metallurgical test work sampling is planned using dedicated core intervals within the drilling program.
Gallium analytical method review remains in progress with the commercial laboratory.
Read full ASX Announcement here.
Resolution Minerals (ASX:RML)
Golden Gate South discovery extends gold mineralisation
THE PLAY
All 3 reported holes intersected gold mineralisation at the Golden Gate South prospect.
HH-GG26-003C returned 305.7m at 0.64g/t Au from surface, including 6.5m at 1.33g/t Au.
HH-GG26-001C returned 49.5m at 0.58g/t Au from surface at Golden Gate South.
HH-GG26-002C returned 87.87m at 0.52g/t Au from 48.97m downhole.
33 diamond holes totalling approximately 9,700m have been completed at Golden Gate.
THE PITCH
Horse Heaven is Resolution Minerals’ 100% owned Antimony-Tungsten-Gold-Silver Project in Idaho, USA.
All 3 reported holes were drilled as fan-holes from the same platform at Golden Gate South.
Golden Gate South tests the southern extension of the Golden Gate Shear Zone.
The target occurs within sheared and faulted Cretaceous granodiorite of the Idaho Batholith.
Different drill orientations were selected to evaluate the target zone’s geometry and geological controls.
THE NEXT OVERS
Further drill hole assays remain pending and will be released progressively once fully available.
The 2026 Golden Gate drill programme timeline has been extended to mid-September.
The programme comprises up to 13,700m of diamond drilling across up to 45 holes.
Read full ASX Announcement here.
Omega Oil & Gas (ASX:OMA)
526m hydrocarbon-bearing interval confirmed at Canyon-3
THE PLAY
Canyon-3 confirmed a 526m oil and gas-bearing Permian interval with 170m aggregate net pay.
Primary Canyon Sandstone contains 18m net oil-bearing sands at 11.5% average porosity.
Lower Kianga above Canyon Sandstone contains an additional thick gas and condensate-bearing reservoir interval.
Canyon Sandstone is 14% thicker and 55% higher porosity than Canyon-1's equivalent interval.
Six regionally correlatable oil and gas-bearing reservoirs show indications of overpressure across the Permian sequence.
THE PITCH
Omega’s 1,800km² operated acreage area covers the eastern Taroom Trough region within Queensland’s Bowen Basin.
Canyon-3 was drilled approximately 9km southeast and 275m updip of Canyon-1 to evaluate reservoir continuity.
Canyon Sandstone extends at least 20km east-west from Canyon-1 through Canyon-3 toward Cabawin Oil Field.
Regional well data indicates Canyon Sandstone continuity over more than 40km north-south from Canyon-2 to Tasmania-1.
Omega remains fully funded for its 2026/27 appraisal program and will provide further updates.
THE NEXT OVERS
Rig is moving to Canyon-4 in PCA 342 for the next well.
Canyon-4 drilling is expected to commence in approximately 7 days following the rig move.
Four vertical wells precede 1 or 2 horizontal wells with flow tests.
Read full ASX Announcement here.
NewPeak Metals (ASX:NPM)
657m intercept confirms Las Opeñas scale
THE PLAY
LODH-027 returned 657m at 0.30g/t AuEq from surface, including 202m at 0.50g/t.
LODH-027 also returned 117m at 0.60g/t AuEq from 77m.
LODH-026 returned 141m at 0.30g/t AuEq from 295m.
LODH-025 returned 280m at 0.20g/t AuEq from surface, including 133m at 0.30g/t.
Phase 1 confirmed mineralisation remains open and untested in multiple directions, predominantly west-southwest.
THE PITCH
NewPeak wholly owns Las Opeñas Metals, which holds 100% of the exploration tenements.
Las Opeñas sits at the intersection of 2 regional-scale NE and NW-trending structures.
A felsic dome represents the surface and near-surface expression of a granitic intrusion.
Phase 1 comprised 2,464m of diamond drilling across 6 holes between April and June 2026.
AuEq calculations include gold, zinc, silver and lead, using assumed 90% recoveries.
THE NEXT OVERS
Phase 2 drilling will target the open zone where gold grades strengthen towards the west.
Up to 7,500m of additional drilling is permitted for 2026 at Las Opeñas.
Planned hole locations will be refined after integrating multi-element assays and structural observations.
Read full ASX Announcement here.
Great Boulder Resources (ASX:GBR)
High-grade gold found in previously barren dolerite
THE PLAY
4m at 37.1g/t Au from 110m marked a high-grade Durack intersection.
Jubilee returned 3m at 29.4g/t Au from 39m in GJRC030.
Durack returned 23m at 2.22g/t Au from surface in GDRC010.
Jubilee drilling intersected gold within dolerite previously interpreted as barren.
Results from Jubilee and Durack confirmed mineralisation within potential open pit areas.
THE PITCH
Peak Hill contains 5 deposits comprising a 481,000oz mineral resource.
Durack contains 112,000oz from 2.89Mt at 1.2g/t Au.
Jubilee contains 35,000oz from 470,000t at 2.3g/t Au.
Great Boulder Resources has an ore purchase agreement with Westgold Resources.
Peak Hill is located 100km north of Meekatharra in Western Australia.
THE NEXT OVERS
3 rigs are continuing the 40,000m Peak Hill drilling campaign.
First assays from Golden Treasure are expected shortly.
A major Peak Hill resource update is targeted by end-2026.
Read full ASX Announcement here.
Pilbara Gold (ASX:PGL)
Mt York mineralisation extends and thickens at depth
THE PLAY
Drilling extends gold mineralisation at Main Hill and Main Hill Extension, remaining open at depth.
Main Hill returned 10m at 4.02g/t Au, including 7m at 5.54g/t Au from 262m.
Main Hill Extension returned 22m at 2.04g/t Au, including 5m at 4.06g/t Au.
Main Hill also returned 12m at 3.63g/t Au, including 5m at 7.69g/t Au.
28,635m of the 60,000m drilling programme has now been completed at Mt York.
THE PITCH
Mt York hosts 2.1Moz of gold within a continuous 4.2km-long BIF in Western Australia.
Pilbara Gold owns 100% of the flagship Mt York Gold Project in the Pilbara.
Main Hill contains 60-100m wide BIF with multiple stacked zones of mineralisation.
Mt York’s current Mineral Resource totals 2,082koz at 1.05g/t Au using a 0.4g/t Au cut-off.
The 2026 drilling programme targets resource growth and increased resource classification within the optimised resource pit shell.
THE NEXT OVERS
Complete the 60,000m infill and extensional drilling programme at Mt York.
Analyse and report drill results as they are received.
Progress the Mt York PFS and commence the Greater Mt York AEM survey.
Read full ASX Announcement here.
Accelerate Resources (ASX:AX8)
High-grade gold confirms broad Spencers system
THE PLAY
26BGRC023 returned 11m at 4.65g/t Au from 25m, including 1m at 46.93g/t Au.
All 9 RC holes intersected gold mineralisation across the maiden Spencers drilling programme.
The mineralised system extends over approximately 300m and remains open along strike and down-dip.
26BGRC028 returned 11m at 0.90g/t Au from 73m, plus 5m at 0.82g/t Au.
26BGRC030 returned 11m at 0.92g/t Au from 110m, confirming mineralisation below shallow drilling.
THE PITCH
Spencers sits entirely within a granted Mining Lease that is 100% owned by Accelerate.
Balagundi hosts basalts, dolerites, sediments and felsic intrusives, with gold associated with structural corridors and historic workings.
Gold mineralisation at Spencers is associated with veining and alteration along a dolerite-sediment contact.
The maiden RC programme comprised 9 holes for 1,086m, testing whether shallow gold continued at depth.
Reported intervals are downhole widths, with true widths not yet known.
THE NEXT OVERS
Further drilling will extend the mineralised zone along strike to the north and south.
Further drilling will test the dolerite-sediment contact down-dip below current holes.
Infill drilling around 26BGRC023 will assess continuity of the shallow high-grade oxide gold.
Read full ASX Announcement here.
PC Gold (ASX:PC2)
Link Zone drilling returns grades above local model
THE PLAY
Link Zone drilling returned 2m at 8.0g/t Au from 189m in MS-007.
MS-002 returned 2.97m at 6.13g/t Au from 149.61m in the Link Zone.
SDH26-010a returned 3.0m at 4.86g/t Au from 298m in the Link Zone.
Main Zone South returned 8.3m at 6.98g/t Au from 353m in MS-026.
MS-030 returned 4.5m at 4.5g/t Au and 3.0m at 7.5g/t Au from Main Zone South.
THE PITCH
Spring Hill has a 43.6Mt MRE grading 1.1g/t Au for 1.5Moz of gold.
The current MRE comprises Indicated and Inferred Mineral Resources.
The Link Zone remains open along strike and at depth.
PC Gold is undertaking infill drilling to support resource confidence, grade enhancement and potential conversion to Reserves.
The company is also targeting extensions to the MRE, including the Macau Extension and Eastern Zone.
THE NEXT OVERS
8 additional holes targeting the Link Zone are complete, with assays pending.
Diamond and RC drilling continues across MRE extensions, including the Macau Extension and Eastern Zone.
New drilling will be incorporated into the ongoing resource model, with the updated MRE targeted for late 2026.
Read full ASX Announcement here.
Maverick Minerals Australia (ASX:M96)
90% West Arunta tenement acquisition completed
THE PLAY
Acquisition completed, giving Maverick a 90% interest in Lyza Mining and 8 West Arunta tenements.
Lyza Mining holds 8 granted tenements covering approximately 220 km2 of prospective West Arunta ground.
The tenements are considered highly prospective for niobium, rare earths and IOCG mineral deposits.
Maverick has paid $100,000 cash, with $500,000 initial consideration payable through shares.
Deferred consideration totals $500,000, split equally between initial and secondary drilling programme completion.
THE PITCH
The 8 tenements are near Maverick’s Viper Project, completed on 3 July 2026.
Lyza Mining held 100% legal and beneficial interest in the tenements before acquisition completion.
Maverick and Rincon now hold 90% and 10% participating interests respectively in the joint venture.
Maverick will free carry Rincon until a decision to mine is made on the tenements.
Consideration shares have a deemed issue price of $0.015 each and 6 month escrow.
THE NEXT OVERS
Shareholder approval will be sought at the November 2026 AGM for share consideration.
Failure to commence initial drilling within 24 months gives Rincon a buyback right.
Failure to complete secondary drilling within 36 months gives Rincon the same buyback right.
Read full ASX Announcement here.
Olympio Metals (ASX:OLY)
Jacknife acquisition advances after due diligence
THE PLAY
Due diligence completed, with Olympio proceeding to acquire an 80% interest in Jacknife.
Scout Discoveries will become Olympio’s in-country technical and operational partner, with shares to be issued following the AGM.
Conjecture carries a historical foreign estimate of 8.22Moz silver from 632,081t at 13oz/t.
335 acres of patented claims cover about 80% of Jacknife’s 7km mineralised trend.
6 historical mines at Jacknife produced over 3.2Moz silver at an average 12.7oz/t.
THE PITCH
Jacknife covers 3,940 acres in Idaho’s Lakeview Mining District, 35km from Coeur d’Alene.
Conjecture Mine was developed to more than 600m depth through a vertical shaft.
The project covers 4 named shear zones with approximately 7km of combined strike length.
Historical drilling includes intercepts of up to 1,106g/t silver and 0.81g/t gold over 0.6m.
Olympio holds a first right of refusal over the Lakeview Mill, less than 2km from Conjecture.
THE NEXT OVERS
Scout shares are to be issued following Olympio’s AGM scheduled for 31 August 2026.
Maiden drilling will target the Conjecture Shear Zone between known mine levels.
Surface mapping and sampling are planned across Jacknife to generate and prioritise additional drill targets.
Read full ASX Announcement here.
Azzuro Resources PLC (ASX:AZ9)
Maiden JORC Exploration Targets defined across 2 Mongolia projects
THE PLAY
Maiden JORC Exploration Targets cover Oval and Red Hill, 8km apart in southwest Mongolia.
Red Hill’s Exploration Target totals 15Mt to 30Mt at 0.71% to 0.9% Cu and 0.26g/t to 0.4g/t Au.
Oval’s Exploration Target totals 6Mt to 25Mt at 0.3% to 0.7% Cu and 0.26% to 0.6% Ni.
A combined 14-hole, 5,835m drilling programme targets priority Exploration Target bodies across both projects.
Separate drilling comprises 3 holes at Oval and 11 holes at Red Hill.
THE PITCH
Oval is a magmatic Cu-Ni-Au-PGE system hosted within a Permian mafic-ultramafic intrusion.
Red Hill is a metamorphosed VMS system hosted in dacitic and rhyolitic volcanics.
Red Hill’s Exploration Target covers North, Middle and South Vein modelled bodies.
The Exploration Targets were independently estimated by Mine Project Consult, supported by SLR Consulting Australia.
Azzuro Resources holds 100% ownership of the Oval and Red Hill projects in southwest Mongolia.
THE NEXT OVERS
Drilling is imminent across the combined 14-hole, 5,835m priority programme.
DHEM and 3DIP geophysical studies have commenced.
Final assays from 4 remaining 2026 drillholes are expected over coming weeks.
Read full ASX Announcement here.
GoldArc Resources (ASX:GA8)
Whistler gold anomalism extends 400m south
THE PLAY
Gold anomalism extended 400m south of the first-round Whistler drill fences at Whistler.
NWAC038 returned 8m at 811ppb Au from 44m, including 4m at 1,520ppb Au.
NWAC075 returned 20m at 200ppb Au from 32m in shallow drilling.
Southern fences returned higher, broader gold anomalism and deeper weathering profiles than northern fences.
2 aircore rounds defined a shallow, coherent gold anomalism zone beneath cover.
THE PITCH
Whistler is an early-stage target within E40/415, part of the Leonora South Gold Project in Western Australia.
The E40/415 tenement is approximately 6km long and 1.6km wide in the Leonora South project.
The strongest first-round zone is approximately 100m wide and was intercepted by 4 holes.
The zone occurs within deeply weathered foliated high-zirconium granitic rock and coincides with a magnetic low.
GoldArc Resources reports 200,014oz of JORC Mineral Resources across its Leonora and Kookynie gold projects.
THE NEXT OVERS
A closer-spaced aircore drilling program at Whistler is planned for early 2027.
The 1km gap between fences is the primary target for the next drilling round.
Approximately 6,600m of RC drilling around Mt Stirling is planned for August 2026.