The Day's Play Edition 189: Gold extends deeper, 24.6g/t hit at Murchison South and molybdenum exceeds 5% | ELK, RR1, CDR
THE COIN TOSS
Elk Range Mining (ASX:ELK)
Friday drilling extends gold mineralization 170m below historical drilling
Elk Range Mining reported 290.3m at 2.8g/t gold from 18.7m at the Friday Gold Project in Idaho, including 89.6m at 5.5g/t, 37.1m at 8.3g/t and 11.3m at 21.4g/t. The maiden diamond hole extended mineralization approximately 170m below the historical hole’s end-of-hole depth.
Drilling continues from the second pad, with 26FRD003 in progress and 26FRD002 to resume after its completion. Elk Range is fully funded to complete its Phase 1 drilling program following its $10 million IPO.
Read full ASX Announcement here.
Reach Resources (ASX:RR1)
Grade control drilling returns 24.6g/t gold from 20m
Reach Resources reported 7m at 7.5g/t gold from 20m, including 2m at 24.6g/t, from grade control drilling at the proposed NW Pit within its Murchison South Gold Project. A separate hole returned 15m at 2.2g/t from 2m, including 2m at 13.2g/t.
Assays have been received for 123 of 163 holes across the 4,236m program, with results from the remaining 40 holes expected in November. The results will inform final grade control modelling and short-term mine scheduling ahead of planned mining commencement.
Read full ASX Announcement here.
Codrus Minerals (ASX:CDR)
Tiquihua rock chips return more than 5% molybdenum
Codrus Minerals reported initial rock chip assays from the Tiquihua Project in Peru, with 3 samples returning more than 5% molybdenum, above the analytical method’s upper detection limit. A further 8 samples returned 2.2–4.13% molybdenum, while copper assays included 1 sample above 10% and 9 samples grading 0.15–0.61%.
Follow-up work will focus on mapping and sampling to assess the extent of the molybdenum skarn beyond the historical workings, alongside metallurgical assessment of the potential to produce a molybdenum concentrate. The results are preliminary rock chip assays and do not establish mineralisation continuity or commercial viability.
Read full ASX Announcement here.
Astral Resources (ASX:AAR)
Mandilla infill drilling returns 18.4g/t gold
Astral Resources reported results from 65 infill drill holes covering 6,876m at the Theia deposit within its Mandilla Gold Project, returning a weighted average grade of 1.51g/t gold. Best intercepts included 15m at 7.54g/t gold from 95m and 4m at 18.4g/t gold from 110m.
The program supports conversion of the Stage 1 open-pit resource to the Measured category, increasing confidence in the resource planned for the first 2 years of mining. A further 129 holes covering approximately 12,616m are planned as infill drilling continues in support of the Definitive Feasibility Study.
Read full ASX Announcement here.
Desert Metals (ASX:DM1)
Tengrela South sale provides up to A$5m in cash
Desert Metals signed a binding agreement to sell its 80% interest in the Tengrela South gold project in Côte d’Ivoire for up to A$5m in cash, plus a 1% net smelter return royalty. A$2.5m is payable by completion, including the A$100,000 exclusivity fee already received, while up to a further A$2.5m is conditional on the permit being extended beyond November 2027.
The proceeds will support drilling at the Nyan gold anomaly, initial exploration at the Agboville gold-lithium project, new project opportunities and working capital. The transaction remains subject to conditions precedent, including relevant consents and Côte d’Ivoire ministerial approval.
Read full ASX Announcement here.
Connected Minerals (ASX:CML)
Historical drilling outlines broad niobium and rare earth zones
Connected Minerals reported historical drilling at the Bailundo Carbonatite Project in Angola, including 205.5m at 1.0% Nb₂O₅ and 227.3m at 2.0% TREO, both from surface. The database covers 10 diamond holes totaling 3,414m, of which 6 were assayed.
Approximately 1,534m of historical core remains unassayed, including 4 complete holes. The company will integrate the data with ongoing drilling and technical studies to assess mineralization extent, continuity and metallurgical characteristics.
Read full ASX Announcement here.
Right Resources (ASX:RRE)
Pilot testwork extracts 89.9% gold in 24 hours
Right Resources reported preliminary cyanide bottle-roll testing on a composite sample from the historic Pilot mine mullock dump in NSW, achieving 89.9% gold extraction after 24 hours and 88.1% after 48 hours. The 48-hour test recorded sodium cyanide consumption of 0.374kg/t and lime consumption of 0.239kg/t.
Falcon gravity concentration produced calculated concentrate grades of approximately 29–66g/t gold. Further work will reconcile gold balances and investigate gold distribution, sample variability and potential gravity recovery options. Commercial-scale recovery and project economics remain unestablished.
Read full ASX Announcement here.
NGX Limited (ASX:NGX)
Namibia acquisitions target 1,300km² gold belt
NGX Limited secured rights to acquire up to 85% interests in 7 exploration licences covering more than 1,300km² across Namibia’s Damara Belt. The package includes 4 granted licences, 1 pending renewal and 2 applications pending environmental clearance certificates. NGX also secured rights to acquire up to 85% of the 194km² Karas Copper Project.
The company completed a A$3.6 million placement at A$0.06 per share to fund exploration and project commitments. Initial work will focus on soil and calcrete sampling, field-based gold analysis and geological target ranking.
Read full ASX Announcement here.
Orbit Resources (ASX:OBT)
Lewis Ponds survey identifies 1km magnetic target
Orbit Resources identified a coherent 1km magnetic anomaly immediately along strike from the Cousin Jack discovery at its Lewis Ponds project in NSW. The anomaly coincides with an induced polarization (IP) chargeability response, supporting investigation of a potential association with disseminated sulfides.
Field assessment will commence immediately, followed by ground electromagnetic (EM) surveying. The target remains untested by drilling, and the nature and extent of any mineralization are yet to be established.
Read full ASX Announcement here.
Zenith Minerals (ASX:ZNC)
Dulcie Central drilling intersects gold in 20 of 24 holes
Zenith Minerals completed assays from its 34-hole, 4,601m drilling program at the Consolidated Dulcie Gold Project in WA. At Dulcie Central, 20 of 24 holes intersected gold above the 0.3g/t cut-off, including 5m at 1.59g/t from 41m.
Dulcie Central sits outside the existing 675,000oz Inferred Mineral Resource. Zenith will assess the results for a potential maiden resource while preparing approvals for approximately 850 infill RC holes across the broader project.
Read full ASX Announcement here.
Pantera Minerals (ASX:PFE)
Gillham maiden drilling completed with assays due in November
Pantera Minerals completed 9 diamond holes totaling 906m at its 100%-owned Gillham antimony-silver project in Arkansas, testing 3 prospects beneath historical workings. Multi-element assays are expected in late November 2026.
Results will inform geological modeling and target ranking across more than 18 historical antimony and silver workings. No assay results have been received.
Read full ASX Announcement here.
OD6 Metals (ASX:OD6)
OTCQB quotation expands U.S. investor access without dilution
OD6 Metals commenced trading on the OTCQB Venture Market under ticker ODSMF on 27 October 2026, enabling U.S. investors to trade in U.S. dollars during North American market hours through participating broker-dealers. The quotation retains OD6’s ASX listing and involves no new shares or change to its capital structure.
The quotation supports investor access as OD6 advances permitting, exploration and metallurgical programs at its Quinn Fluorspar Project in Nevada, with maiden drilling planned for 2027.