The Day’s Play Edition 98: New sulphide discovery, gold system expansion and resource growth
THE COIN TOSS
GRL - Godolphin Resources discovered the new Cousin Jack sulphide system, intersecting three mineralised domains across more than 300m downhole south of Lewis Ponds.
BPM - BPM Minerals confirmed multiple new gold lodes across Beachcomber, with mineralisation intersected at all four RC drilling targets along the Yellow Dam Shear Zone.
USL - Unico Silver extended gold-silver mineralisation beyond the Joaquin Mineral Resource, with high-grade step-out drilling expanding La Morocha SE and La Negra SE.
RAP - Raptor Metals extended the Chester VMS system beyond the Central Zone, increasing confirmed mineralised strike length to more than 2.5km.
QML - QMines advanced Mount Mackenzie into Mineral Resource estimation, with North Knoll defined over 350m strike and remaining open at depth.
ODY - Odyssey Gold confirmed high-grade gold shoots beneath Bollard, supporting extensions beyond the current resource and historical pit.
TAR - Taruga Minerals secured granted tenure across the Weioko Gold District, clearing the path for drilling across the 8km-long gold system.
C1X - Cosmos Exploration secured Bolivian EPCM capability through a Master Services Agreement supporting engineering, logistics and future lithium project execution.
PNN - Power Minerals commenced a priority Morro do Ferro mineralogy program targeting higher-value magnet rare earth enrichment and cerium reduction pathways.
LSA - Lachlan Star confirmed high-grade gold shoots at New Waverley and expanded follow-up RC drilling to approximately 4,000m.
GA8 - GoldArc Resources refined geological models at Mt Stirling and Mt Stirling Well through its first multi-element analysis ahead of mining studies.
Godolphin Resources (ASX:GRL)
Maiden Hole Discovers New Multi-Lens Sulphide System
THE PLAY
Maiden drill hole discovered the new Cousin Jack sulphide system south of Lewis Ponds.
Three mineralised sulphide domains were intersected across more than 300m downhole.
Upper Domain returned 79m @ 1.3% ZnEq from 311m.
Lower Domain returned 104m @ 1.3% ZnEq from 527m.
Internal high-grade lodes returned up to 1.7m @ 13.1% ZnEq.
THE PITCH
Cousin Jack is located 350m south-east of the Lewis Ponds MRE.
Discovery hole tested a 1.6km long by 500m deep IP chargeability target.
Mineralisation comprises zinc, copper, lead, silver and minor gold.
Three sulphide domains were identified within the targeted IP anomaly.
Lewis Ponds hosts a JORC Resource of 17.52Mt containing gold, silver and base metals.
THE NEXT OVERS
GLPRCDD003 will be surveyed using downhole electromagnetics.
GLPRCDD004 assays remain pending from the same target area.
High-resolution drone magnetic surveys are planned across Cousin Jack.
Read full ASX Announcement here.
BPM Minerals (ASX:BPM)
Multiple Gold Lodes Confirm Expanding Beachcomber System
THE PLAY
Gold mineralisation intersected across all four Beachcomber targets tested by RC drilling.
Multiple new gold lodes identified across Beachcomber North-West, Central and Fault prospects.
Results confirm a broader Beachcomber gold system associated with the Yellow Dam Shear Zone.
Beachcomber Central returned 1m @ 85.61 g/t Au from 91m.
Beachcomber North-West returned 15m @ 1.40 g/t Au from 80m.
THE PITCH
Forelands Gold Project comprises approximately 630km² of consolidated tenure in WA.
Beachcomber forms part of the broader Forelands Gold Project landholding.
Yellow Dam Shear Zone extends for more than 75km across the project.
Recent drilling program comprised 46 RC holes for 7,426m.
Beachcomber targets were generated from coherent +100ppb Au soil anomalies.
THE NEXT OVERS
Exploration update for Bonnie & Clyde scheduled for July 2026.
Maiden Bonnie & Clyde RC drilling anticipated to commence in Q3 2026.
Company is prioritising Beachcomber targets ahead of further RC drilling.
Read full ASX Announcement here.
Unico Silver (ASX:USL)
Step-Out Drilling Extends Mineralisation Beyond Joaquin Resource
THE PLAY
Step-out drilling extended gold-silver mineralisation beyond the March 2026 MRE.
La Morocha SE returned the highest grade-thickness result reported to date.
JDD276-26 returned 52.3m at 378g/t AgEq including 8.5m at 1,813g/t AgEq.
La Negra SE drilling extended mineralisation 250m beyond the resource boundary.
La Negra SE and La Morocha SE remain open at depth and along strike.
THE PITCH
Joaquin hosts a March 2026 Mineral Resource of 167Moz AgEq.
La Negra SE is defined by drilling across approximately 900m strike.
La Morocha SE comprises a steeply plunging mineralised shoot open at depth.
Breccia Puntudo contains three discrete high-grade mineralised shoots.
The Joaquin Project is 100% owned and located in Santa Cruz, Argentina.
THE NEXT OVERS
Exploration drilling is scheduled to resume in Q3 2026.
La Negra SE will be targeted for further resource expansion drilling.
PFS workstreams continue across geotechnical, environmental and hydrological studies.
Read full ASX Announcement here.
Raptor Metals (ASX:RAP)
East Zone Drilling Extends Chester VMS Strike
THE PLAY
East Zone drilling confirmed mineralisation beyond the previously defined Central Zone.
Drilling extended the Chester VMS horizon strike to more than 2.5km.
CDH010 returned 11.75m @ 1.71% Cu including 3.1m @ 5.19% CuEq.
CDH006 returned 16.1m @ 1.96% CuEq from 6m.
Results validated multiple stacked mineralised horizons across the system.
THE PITCH
Chester hosts a Mineral Resource Estimate of 6.685Mt @ 1.07% Cu.
The deposit is interpreted as a stacked copper-rich VMS system.
Mineralisation comprises copper stringers, base metal zones and massive sulphide horizons.
Mineralisation has been confirmed across both the Central and East Zones.
Elevated zinc, lead, cobalt and silver occur alongside copper mineralisation.
THE NEXT OVERS
Assay results remain pending from the final 3 HQ drill holes.
Downhole electromagnetic survey data is expected imminently.
Metallurgical test work is underway using material from 3 PQ holes.
Read full ASX Announcement here.
QMines (ASX:QML)
North Knoll Advances Into Resource Definition Stage
THE PLAY
North Knoll mineralisation is defined over approximately 350m of strike.
Final drilling confirms North Knoll as the principal gold position drilled to date.
Deeper diamond drilling confirms mineralisation continues below the shallow RC envelope.
North Knoll West returned 24m @ 1.19g/t Au and 13.3g/t Ag from 71m.
Mineral Resource estimation work has commenced at Mount Mackenzie.
THE PITCH
Mount Mackenzie drilling comprised 73 holes for 9,798m.
Program tested North Knoll, North Knoll West, Southern Extension and Vein 355.
Approximately 8,700 assayed samples support geological interpretation and resource work.
North Knoll represents the most mature drilled area within the project.
Mount Mackenzie is interpreted as a high-sulphidation epithermal gold-silver system.
THE NEXT OVERS
Mineral Resource estimation work is underway for North Knoll Core.
Deeper diamond drilling is being planned at North Knoll West.
Oriented diamond drilling is planned at Vein 355.
Read full ASX Announcement here.
Odyssey Gold (ASX:ODY)
High-Grade Bollard Drilling Supports Resource Growth
THE PLAY
Drilling confirmed high-grade gold shoots beneath the Bollard historical pit.
Results support extensions beyond the current Bollard Mineral Resource.
CBRC0371 returned 5m @ 14.0g/t Au including 2m @ 32.7g/t Au.
CBRC0355 returned 6m @ 9.6g/t Au including 1m @ 40.9g/t Au.
Mineralisation remains open at depth and along strike toward Cable.
THE PITCH
Bollard forms part of the 2.3km Cable-Bollard-Highway mineralised corridor.
Bollard hosts a Mineral Resource of 0.68Mt @ 2.1g/t Au for 46koz.
The Tuckanarra Project hosts Mineral Resources of 5.14Mt @ 2.5g/t Au for 407koz.
Drilling targeted plunge extensions identified through geological modelling and EM surveys.
Gold mineralisation is concentrated within steep southwest-plunging high-grade shoots.
THE NEXT OVERS
Remaining assays are pending from Bollard and the 15,000m drilling program.
Follow-up drilling will target Cable, Bollard and other priority targets.
Scoping Study and updated resource modelling are continuing.
Read full ASX Announcement here.
Taruga Minerals (ASX:TAR)
Granted Tenure Clears Path To Weioko Drilling
THE PLAY
EL2830 and EL2831 were formally granted at the Weioko Gold District.
Granted tenure secures the Weioko Gold Deposit and key surrounding prospects.
Licence grants provide regulatory certainty for planned drilling activities.
Weioko has not been drill tested for more than 17 years.
The granted licences cover the core of the 8km-long gold district.
THE PITCH
Granted tenure totals 488km² across the East Normanby Gold Project.
Weioko is the central deposit within a broader gold district.
The district includes Lataona Hill, Sipupu and Wenasia prospects.
Historical drilling focused on shallow portions of the Weioko system.
Multiple historical drill holes finished in gold mineralisation.
THE NEXT OVERS
Drill site preparation and the initial Weioko drilling campaign will commence.
Geochemical, structural and geophysical datasets will be integrated for targeting.
Regional mapping, rock chip and stream sampling programs will continue.
Read full ASX Announcement here.
Cosmos Exploration (ASX:C1X)
Strategic EPCM Agreement Secures Bolivia Execution Capability
THE PLAY
EAU Lithium executed a Master Services Agreement with SEPCON.
Agreement secures engineering and technical services capability in Bolivia.
Scope includes pilot plant mobilisation, installation, transport and engineering studies.
SEPCON will provide multidisciplinary engineering, logistics and construction services.
Agreement supports activities under the existing VULSORB® technology licence.
THE PITCH
SEPCON is an EPC contractor operating across South America.
SEPCON maintains operations in Peru, Bolivia, Argentina and Ecuador.
Company has experience delivering mining, energy and infrastructure projects.
EAU Lithium maintains a strategic partnership with Vulcan Energy Resources.
Cosmos merged with EAU Lithium in May 2026.
THE NEXT OVERS
SEPCON will support engineering studies and project delivery activities.
Potential deployment of Pilot Plant 4 is planned in Bolivia later this year.
Company intends to execute a second critical Master Services Agreement.
Read full ASX Announcement here.
Power Minerals (ASX:PNN)
Mineralogy Program Targets Higher-Value Magnet Rare Earths
THE PLAY
Priority mineralogical characterisation program commenced at the Morro do Ferro project.
Previous studies identified bastnäsite and cerianite as distinct rare earth host minerals.
Bastnäsite mineralisation is weighted toward high-value magnet rare earth elements.
Approximately 40% of the non-cerium rare earth inventory comprises Nd, Pr, Tb, Dy and Ho.
Analysis identified elevated Nd-Pr, Tb and Dy oxide grades within the existing database.
THE PITCH
Morro do Ferro is located within the Poços de Caldas Alkaline Complex in Brazil.
Mineralogical work is assessing distribution of individual rare earth mineral species.
Bastnäsite hosts most high-value magnet rare earth elements within the deposit.
Cerium occurs predominantly within separate cerianite mineral phases.
Current diamond drilling is underway to expand geological and mineralogical understanding.
THE NEXT OVERS
Mineralogy results will be incorporated into future resource and metallurgical studies.
Environmental studies are commencing to support future project approvals.
Initial assays from the maiden Morro do Ferro drill program are expected in July 2026.
Read full ASX Announcement here.
Lachlan Star (ASX:LSA)
High-Grade Gold System Drives Expanded Drilling Program
THE PLAY
Maiden diamond drilling confirmed high-grade quartz vein-hosted gold shoots at New Waverley.
Results defined higher-grade mineralisation within a broader shear-hosted gold system.
NWDD008 returned 1.7m @ 4.27g/t Au including 0.95m @ 7.35g/t Au.
NWDD009 returned 1.4m @ 4.51g/t Au including 0.7m @ 7.73g/t Au.
Follow-up RC drilling was expanded to approximately 4,000m.
THE PITCH
Maiden diamond drilling program comprised 13 holes for 1,031m.
Mineralisation occurs within a shallow near-surface shear corridor.
Higher-grade shoots display a consistent north-westerly plunge orientation.
Mineralisation remains open in all directions across the drilled area.
Interpretation indicates potential strike continuity exceeding 800m.
THE NEXT OVERS
RC drilling is scheduled to commence in early July.
Aircore assay results from historical dump drilling are expected by late July.
Gravity and leach test work results are expected from dump material samples.
Read full ASX Announcement here.
GoldArc Resources (ASX:GA8)
Multi-Element Analysis Refines Mt Stirling Gold Systems
THE PLAY
Multi-element analysis defined distinct trace-element signatures across both gold deposits.
Gold at Mt Stirling consistently associates with arsenic, antimony and tungsten.
Gold at Mt Stirling Well associates with silver, bismuth and molybdenum.
Analysis confirms trace-element signatures within previously reported high-grade gold intercepts.
Results refine understanding of host-rock chemistry and alteration across both systems.
THE PITCH
Four PQ diamond holes were analysed for a suite of 59 elements.
Program targeted core mineralised zones at Mt Stirling and Mt Stirling Well.
Mt Stirling mineralisation is hosted within the Hydra Fault deformation corridor.
Mt Stirling Well mineralisation occurs within quartz veins hosted by tonalite.
Program was completed in partnership with BML Ventures.
THE NEXT OVERS
Metallurgical baseline test work targeted for completion within approximately 4 weeks.
Selective re-assay planned for arsenic, antimony and tungsten at Mt Stirling.
Mining implementation plan to be finalised following metallurgical test work.