Let’s do a speedrun looking at mining juniors with news out on the market today.
Sun Silver (ASX:SS1)
Silver and gold explorer Sun Silver (ASX:SS1) has announced it’s locked in a drill rig contractor ahead of its maiden drill run later this year.
The company is going with Alford Drilling, a Nevada-based firm.
“We are excited to grow our partnership with Steve, Laura and the team at Alford as we aim to further define and grow the already substantial Maverick Springs silver- gold asset,” Sun Silver Exec Director Gerard O’Donovan said.
That substantial asset boasts a resource of 292Moz of gold and silver.
SS1 last traded at 42.5cps.
PNX Metals (ASX:PNX)
NT-based uranium explorer PNX Metals (ASX:PNX) has confirmed its receipt of confirmation from the NT government drilling will be co-funded.
The company will get a diamond drill rig on site to test how far mineralisation may or may not extend beyond the known boundaries underground.
The drilling is anticipated for September of 2024, which would take place after PNX merges with Kin Mining NL – a private “no liability” entity.
Beware – this stock is, currently, about as illiquid as it gets.
PNX last traded at 0.4cps.
Aurelia Metals (ASX:AMI)
NSW-based Aurelia Metals (ASX:AMI) has released drill results from its most recent campaign.
The company described as “spectacular” one intercept at 4.6m length and grading for 33.9% zinc; 1.6% copper and 38g/t silver.
“What is more exciting is that this drilling points to a faulted offset of the deposit, some 140m to the north. This offset has the potential to extend the Federation deposit materially to the west,” AMI’s chief technical officer Andrew Graham said.
The company will also drill test geochemical target areas of interest in FY25.
AMI last traded at 16.5cps.
