The Day's Play Edition 195: 522koz gold resource established, silver hits 1,509g/t and silica project forecasts $2.53B impact | CRS, OLY, DRX
THE COIN TOSS
Caprice Resources (ASX:CRS)
Caprice Defines 522koz Maiden Gold Resource at 2.6g/t
Caprice Resources has reported a maiden Mineral Resource Estimate of 6.16Mt at 2.6g/t Au for 522koz at its Island Gold Project in WA, with approximately 52% classified as Indicated. The estimate includes a higher-grade component of 340koz at 5.8g/t Au, including 228koz at 7.5g/t Au. Initial metallurgical testwork at Vadrians returned gold recoveries of up to 94% using conventional gravity and carbon-in-leach processing. Caprice held A$9.5M in cash at 30 September 2026, with approximately 25,000m remaining in its 50,000m drilling campaign as of 15 October 2026.
Read full ASX Announcement here.
Olympio Metals (ASX:OLY)
Raven Samples Return 1,509g/t Silver and 16.41% Antimony
Olympio Metals has reported results from 5 reconnaissance grab samples collected from historical mine dumps at its Raven and Silver King mines in Montana, USA. Results included up to 1,509g/t Ag, 1.62% Cu, 6.33% Pb, 1.33% Zn, 13.9g/t In, 16.41% Sb and 1,037.2ppm W. The results expand the identified polymetallic mineral suite at the project, while the company is assessing whether the historical vein systems could be linked to a deeper porphyry system near the Liver Peak prospect, located approximately 2km northwest of Raven. Olympio plans further geological review, field mapping and target assessment as it works towards a maiden drilling program.
Read full ASX Announcement here.
Diatreme Resources (ASX:DRX)
Northern Silica Project EIA Forecasts $2.53B Queensland GSP Contribution
Diatreme Resources has released a KPMG Economic Impact Assessment for its Northern Silica Project in Far North Queensland, projecting a $2.53B increase in Queensland's real Gross State Product over the 25-year operational period. The assessment also forecasts $729M in additional household consumption, up to 214 construction jobs and 128 direct operational roles, with a 50% Indigenous employment target. Estimated life-of-mine contributions include $305M in Queensland royalties and Native Title payments. Construction is scheduled for Q4 2028, subject to final approvals, with Phase 1 operations planned for Q2 2030.
Read full ASX Announcement here.
Ballymore Resources (ASX:BMR)
Little Torpy’s Returns 3m at 160.9g/t Silver and 33.7% Lead-Zinc
Ballymore Resources has received final assays from its 2026 drilling campaign at the Torpy’s silver-lead-zinc discovery within its Ruddygore Project in North Queensland. At Little Torpy’s, 600m south of the main discovery, hole BTPRC031 returned 3m at 160.9g/t Ag, 19.8% Pb and 13.9% Zn from 68m, within 16m at 35.9g/t Ag, 4.5% Pb and 3.4% Zn. Another hole returned 22m at 47.3g/t Ag, 3.4% Pb and 3.3% Zn. The 22-hole, 2,609m drilling program is complete, with follow-up drilling planned before the end of 2026, subject to target selection, operational planning and weather.
Read full ASX Announcement here.
OD6 Metals (ASX:OD6)
Big Jim Channel Sampling Returns 14m at 93.7% CaF₂
OD6 Metals has reported 14m at 93.7% CaF₂ from its first systematic channel sampling at the historic Big Jim workings within the Quinn Fluorspar Project in Nevada, USA. The result comprises 7 contiguous samples, including 12m at 95.9% CaF₂, with the lowest sample grade within the vein returning 80.6% CaF₂. A separate rock-chip sample at the nearby Rocket prospect returned 99.9% CaF₂. Big Jim, Rocket and Spar define an approximately 700m corridor containing at least 4 mineralised structures. Big Jim is a priority target for the company's maiden drilling program, with permitting through the US Forest Service underway.
Read full ASX Announcement here.
Great Bear Exploration (ASX:GBL)
Preliminary Gravity Data Identify Anomalies Near Echo Bay
Great Bear Exploration has completed a high-resolution FALCON gravity survey over the 407km² Echo Bay area of its Great Bear Lake Project in Canada. Preliminary data identified strong gravity highs near the historic Echo Bay mine and Contact Lake Plateau, coinciding with major geological structures and faults. The survey covered 1,525 line kilometres using 300m-spaced flight lines. Final processing and modelling are underway to rank priority drill targets, with September fieldwork assays expected over the coming 8 weeks.
Read full ASX Announcement here.
BOA Resources (ASX:BOA)
Ricci Lee Drilling Returns 23m at 2.65% Copper
BOA Resources has received final assays from its maiden 46-hole RC drilling program at the Ricci Lee prospect within the Neds Creek Copper Project in WA. Hole 26NCRC043 returned 23m at 2.65% Cu from 173m, including 6m at 6.91% Cu. Hole 26NCRC046 returned 7m at 3.90% Cu from 244m, including 4m at 6.40% Cu, with a further 8m at 2.33% Cu from 254m. The parallel Hanging-Wall Lode returned 14m at 2.02% Cu. Follow-up RC and diamond drilling is anticipated to recommence in November 2026, subject to rig availability and final program planning.
Read full ASX Announcement here.
Waratah Minerals (ASX:WTM)
Waratah Establishes 3.1Moz Maiden Gold Resource at Spur
Waratah Minerals has established a maiden Mineral Resource Estimate of 82.9Mt at 1.2g/t Au for 3.1Moz across its Spur and Consols Gold Zones in NSW, comprising 27% Indicated and 73% Inferred resources. The estimate is based on 175 drill holes for 72,890m and covers approximately 2km of the 6km Spur Gold Corridor. A separate Exploration Target of 5.1–10.4Moz at 0.6–0.9g/t Au has been defined across areas outside the resource, although its potential quantity and grade remain conceptual. With 12 diamond drill rigs currently operating, Waratah plans approximately 50,000m of drilling over the next 6 months, targeting a resource update toward 5Moz.
Read full ASX Announcement here.
Dundas Minerals (ASX:DUN)
Gold Intersections Reported at Capricorn and Rockland
Dundas Minerals has reported results from 20 RC holes across its Capricorn and Rockland Gold Projects, approximately 40km north of Kalgoorlie. At Capricorn, hole 26CRC012 returned 16m at 0.8g/t Au from 28m, while 26CRC014 intersected 10m at 1.1g/t Au from 138m, including 1m at 5.5g/t Au. At Rockland, 26RKRC014 returned 12m at 1.0g/t Au from 104m. 7 of 8 Stage 2 holes intersected gold mineralisation, with the drill rig scheduled to return in approximately 10 days for further drilling.
Read full ASX Announcement here.
Heavy Rare Earths (ASX:HRE)
Radium Hill Heritage Clearance Completed Ahead of Drilling
Heavy Rare Earths has completed a cultural heritage survey at its Radium Hill uranium, rare earth and scandium project in South Australia, following collaboration with the Wilyakali Native Title Aboriginal Corporation. The company has submitted its PEPR, including a radiation management plan, and received initial departmental feedback. Previously reported surface results along the 8km corridor include up to 959ppm Sc₂O₃ and 2,236ppm Y₂O₃, while the Railway Prospect returned 0.36% U₃O₈ and 1.26% TREO. A maiden shallow RC drilling program targeting the Bonython Corridor is being planned, pending PEPR approval.
Read full ASX Announcement here.
Cazaly Resources (ASX:CAZ)
Cazaly Options 1,118km² Brazilian Rare Earth and Uranium Package
Cazaly Resources has entered into an agreement covering 64 tenements across 1,118km² in Brazil's Rio Grande do Sul and Minas Gerais states, prospective for rare earths and uranium. Following a 30-day due diligence period, Cazaly can elect to enter a 12-month option to acquire a 90% interest in project holding company Einstein Ventures. Initial exploration at Encruzilhada returned up to 1,145ppm TREO from soil sampling and 130–677ppm TREO from rock-chip samples. Cazaly will assess the package before deciding whether to proceed with the option.
Read full ASX Announcement here.
Orbit Resources (ASX:OBT)
Lewis Ponds Final Hole Intersects 28.1m Visual Sulphides
Orbit Resources has completed its Stage 2 resource development drilling program at the Lewis Ponds Gold, Silver and Base Metals Project in NSW. The final hole, GLPDD013, intersected 28.1m of visual sulphide mineralisation from 199.5m at Spicer’s Lode, including semi-massive intervals containing up to 34% sulphides. The 4-hole diamond drilling program totalled 1,462.9m, with visual sulphides intersected in 3 holes across Tom’s and Spicer’s Lodes. Assays from all 4 holes are expected in the coming weeks to support resource development and metallurgical testwork.