The Day’s Play Edition 185: Gold drilling delivers strong intercepts as mine development advances | MHC, GA8, GBM
THE COIN TOSS
Manhattan Gold (ASX:MHC)
Jaws Drilling Returns 41.15m at 4.66g/t Gold
Manhattan Gold completed 25 reverse circulation holes totalling 4,591.85m across 5 targets at its Hook Lake Project in Nunavut, exceeding the planned 4,000m programme. Assays have been reported for 20 holes, with 5 pending. At Jaws, results included 41.15m at 4.66g/t Au from 83.82m in JWS26006b, including 7.62m at 18.67g/t Au. Drilling has defined a 490m zone of higher-grade gold within 1.25km of drill-tested strike, with gold confirmed to 223m vertical depth. First drilling at Quantum and Lotus returned anomalous gold intervals, while assays from 3 Omega holes remain pending. Integration of drilling, magnetic, LiDAR and till sampling data is scheduled for Q4 2026 to inform 2027 exploration targeting.
Read full ASX Announcement here.
GoldArc Resources (ASX:GA8)
Mt Stirling Gains Approval for Haul Road and Camp
GoldArc Resources received approval for an amended Mining Development and Closure Proposal covering its Mt Stirling and Mt Stirling Well deposits in Western Australia. The approval adds a western haul road and expanded accommodation village, bringing 126.8 hectares across 8 tenements under the approved activities framework. GoldArc retains 100% ownership of both deposits, while BML Ventures continues to fund development under a 50/50 net profit share arrangement. The next steps are to finalise the detailed mine schedule with BML Ventures and progress site establishment, including construction of the haul road and camp. Negotiations with nearby processing plants are ongoing, with mining commencement timing to be updated once the mine schedule is finalised.
Read full ASX Announcement here.
GBM Resources (ASX:GBM)
Twin Hills Tests Deliver Up to 99% Gold Recovery
Initial metallurgical testwork at GBM Resources’ Twin Hills Gold Project in Queensland returned rougher flotation gold recoveries of 92% to 99% across the 309 and Lone Sister deposits. At a 75-micron grind size, tests recovered 92.0% to 98.9% of gold into 4.8% to 8.7% of the original feed mass, producing concentrates grading 18.0g/t Au at 309 and 26.0g/t Au at Lone Sister. Carbon-in-leach (CIL) tests at Lone Sister returned gold extractions of 87% to 89%. Further testwork will optimise flotation and assess whole-ore CIL and flotation concentrate leaching options before a preferred processing flowsheet is selected. Current CIL extractions at 309 remain below historical results.
Read full ASX Announcement here.
Orpheus Uranium (ASX:ORP)
Rock Chips Return Up to 4.1% U₃O₈ at McArthur
Orpheus Uranium reported near-surface rock-chip samples grading up to 4.1% U₃O₈ from its inaugural reconnaissance programme at the Conways tenement within the McArthur Project in the Northern Territory. Radioactive anomalies extend across approximately 60m of strike, and samples also returned copper grades of up to 0.86%. The occurrence is spatially associated with a gravity low and linear magnetic features. These selective, early-stage samples do not establish the extent, continuity or average grade of mineralisation. Follow-up reconnaissance, sampling and geological mapping are continuing, with additional geochemical results expected in December 2026.
Read full ASX Announcement here.
Orbit Resources (ASX:OBT)
Lewis Ponds Hole Intersects 11.8m of Massive Sulphides
Orbit Resources reported 11.8m of visually estimated semi-massive to massive sulphides in hole GLPDD012 at Tom’s Lode within its Lewis Ponds Project in New South Wales, from 255.3m downhole. The interval includes 4.2m of approximately 25% semi-massive sulphides and 3.55m of approximately 50% massive sulphides. These are visual estimates, not assay grades, and true widths are less than the reported downhole interval. Assay results are expected in Q4 2026. The resource-development programme has completed 3 diamond holes for 1,168.8m, with the final hole, targeting Spicer’s Lode, underway.
Read full ASX Announcement here.
FMR Resources (ASX:FMR)
First La Martuca Hole Intersects Multiple Copper Structures
FMR Resources reported multiple visually identified copper-bearing structures in its first drill hole, LLD0001, at the La Martuca prospect within the La Lorena Project in Chile. The hole intersected 11.3m of copper oxides and chalcopyrite from 1.7m to 13.0m, with a porphyry unit encountered from 105.75m and a broader sulphide-bearing zone from approximately 115m to 126.3m. Drilling was interrupted at 170.1m against a planned depth of 200m due to snow and rain, with completion expected once safe access is restored in 10–14 days. Laboratory assays are expected within 4–6 weeks to establish copper grades and test for gold and other elements. The second hole will target a stronger induced polarisation (IP) chargeability feature below LLD0001. Visual observations are preliminary, with true widths unknown and assay results pending.
Read full ASX Announcement here.
Evergold Minerals (ASX:EG1)
Evergold Signs Deal for Historic Rabbit Warren Gold Ground
Evergold Minerals executed a binding heads of agreement to acquire 100% of the Rabbit Warren tenements, comprising 2 prospecting licences covering 192 hectares approximately 8km northeast of Leonora, Western Australia. The 4km-long tenement package follows a structural corridor associated with the historic 1980 gold discovery. Historical diamond drilling in 1982 returned 3m at 23g/t Au from 33m, including 1m at 47.8g/t Au. Evergold has not independently verified the historical results. Consideration comprises $50,000 cash and $150,000 in Evergold shares on completion, subject to due diligence and any required regulatory approvals. The company plans to complete technical due diligence before lodging Programme of Work applications by year-end, with RC drilling planned for H1 2027, subject to approvals.
Read full ASX Announcement here.
Buxton Resources (ASX:BUX)
Wolverine Drilling Targets Untested Copper-Molybdenum Zones
Buxton Resources is preparing to commence its maiden diamond drilling programme at the Wolverine Project in Arizona in November 2026. The planned 3-hole programme totals approximately 1,650m and will test the Wolverine and Copper Chief targets, neither previously tested by exploration drilling. Drone-magnetic surveying identified a 1,200m by 250m cluster of anomalies coincident with mineralised porphyry dykes exposed at surface. Separate reconnaissance rock-chip samples returned up to 14.15% Cu and 1,160ppm Mo. Permitting, access tracks, drill pads and water supply are in place, with drilling contractor selection in its final stages.
Read full ASX Announcement here.
Nimy Resources (ASX:NIM)
Maiden Drilling Begins Across 16km Gold Trend
Nimy Resources commenced its maiden reverse circulation drilling programme at the Corporate James gold prospect within its Mons Project in Western Australia. The programme comprises approximately 25 holes for 6,000m, targeting the bedrock sources of a 720m by 350m gold-in-soil anomaly at Corporate James and a second anomaly at Corporate James South, 3.6km southwest. A third anomaly, Corporate James East, includes 17 consecutive soil samples returning at least 10ppb Au over 800m. Drilling is expected to finish before Christmas 2026, with assay results expected in the March 2027 quarter following laboratory analysis and validation.
Read full ASX Announcement here.
Exultant Mining (ASX:10X)
Watsons Copper-Zinc Soil Corridor Extends to 3km
Exultant Mining extended the interpreted copper-zinc soil anomaly at its Watsons prospect in New South Wales from 2.4km to 3km, an increase of approximately 25%, following 99 additional pXRF soil measurements. The southern limit is now defined within the surveyed area, while the corridor remains open to the north. Results are preliminary field measurements, not laboratory assays, and do not confirm underlying bedrock mineralisation. Next steps include extending the survey northeast and assessing targeted geophysical surveys, subject to land access and work programme finalisation.
Read full ASX Announcement here.
Noronex (ASX:NRX)
Airborne Survey Identifies Broader Sleitat Tin System
Noronex reported airborne geophysical results supporting more than 1km of mapped tin-bearing greisen at its Sleitat Project in Alaska, with surrounding alteration locally up to 200m wide. Magnetic and radiometric data suggest the granite and alteration system may extend beneath cover, but tin mineralisation in those areas remains unconfirmed. Noronex will integrate the survey with surface sampling results, review approximately 1,400m of historical drill core and refine its 3D geological model to develop a JORC Exploration Target and prioritise drilling planned for 2027. Surface sampling assays are expected in November 2026.
Read full ASX Announcement here.
Locksley Resources (ASX:LKY)
Greater Tottenham Programme Advances Towards Drilling
Locksley Resources established an operating base at Tottenham and commenced metallurgical sampling across its Greater Tottenham copper-gold district in New South Wales. Historical diamond core is being re-logged and cut for geological review, targeting and metallurgical testwork, with fresh sulphide samples collected from 2 Carolina holes. Drill planning is advancing at Carolina and Mount Royal/Orange Plains, while Iron Duke approvals are well advanced and a drill-rig contract is being finalised. An independent Mineral Resource Estimate and JORC Exploration Targets are in the final reporting stage. Drilling is planned to commence as approvals and land access allow.