Gold Digger: Here’s how the ‘bag of dicks’ geological method actually works

Estimated read time 10 min read

Great Boulder Resources (ASX:GBR) lodges drill results, includes the phrase “bag of dicks”
Olympio sells gold project to famous prospector, Bill Richmond
Top precious metals stocks this week: Mako, Rox Resources, Metalicity, Southern Palladium

Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.

 

$35m capped gold explorer Great Boulder Resources (ASX:GBR) has released drill results via the ASX which include the phrase “bag of dicks” under sampling techniques.

Here it is:

$GBR that’s a few dicks pic.twitter.com/HWIDu2rvog

— SPEC Capital (@SPECCAPITAL) February 2, 2024

 

“We were having a joke in the office in one of the drafts of that announcement and it unfortunately didn’t get removed before the final,” MD Andrew Paterson told Stockhead.

So not a new tool of the trade, then. It is drawing attention to the company’s results anyway, which included a lengthy 5m hit grading 7.42g/t from 18m at Saltbush, part of the flagship 668,000oz Side Well project in WA.

The maiden drill program at Saltbush “indicates a similar geological setting” to the 100koz @ 3.3g/t gold Ironbark deposit, the company says.

More assays are pending, with new drill program already underway.

 

Olympio sells gold project to famous prospector, Bill Richmond

Lithium focused junior Olympio Metals (ASX:OLY) will sell a bunch of non-core tenements near Halls Creek to famous prospector Bill Richmond for $220,000 cash.

Richmond had already lodged a plaint against one of these tenements E80/5025 (Dry Creek). Maybe he likes what he sees.

This 2013 yarn describes Richmond as a rich gypsy, rubbing shoulders with big names like Twiggy Forrest while living out of a ’91 Daihatsu van.

(We like to imagine it was the Hijet.)

The Hijet vantruck, for when you can’t decide whether to take a truck or a van.
-1991 Daihatsu Hijet#Minitruck #Keitruck #Daihatsu #Hijet pic.twitter.com/Mo4Xx5AjUy

— 軽x4 (@hijet_head) March 25, 2020

Richmond also made headlines for his battle against copper miner Sandfire Resources (ASX:SFR) , who was stymied in its attempts to farm into the Red Bore project next door to the DeGrussa mine after the prospector exercised a pre-emptive right.

Richmond paid $1.65m cash and pledged to spend $1.5m on exploration over the ensuing 18-month period, shutting down Sandfire’s initial deal.

The miner would eventually buy out Richmond in October 2020 for a cash payment of $1.25m plus net smelter royalty; a loss-making deal for Richmond and a pointless one for Sandfire, which would shutter DeGrussa late 2022/ early 2023.

 

Winners & Losers

Here’s how ASX-listed precious metals stocks are performing:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.

Stocks missing from this list? Email [email protected]

CODE COMPANY % WEEK % MONTH % YEAR PRICE MARKET CAP DCX Discovex Res Ltd 100% 0% -43% 0.002 $6,605,136 MKG Mako Gold 100% 80% -57% 0.018 $9,273,732 AVW Avira Resources Ltd 100% 0% -20% 0.002 $4,267,580 PNX PNX Metals Limited 67% 67% 33% 0.005 $21,522,499 MCT Metalicity Limited 50% 20% 0% 0.003 $8,970,108 EMU EMU NL 50% 50% -64% 0.0015 $3,037,157 NPM Newpeak Metals 38% 38% -78% 0.022 $1,299,373 AWJ Auric Mining 30% 4% 123% 0.125 $15,703,151 RXL Rox Resources 27% 3% 6% 0.19 $66,483,767 YRL Yandal Resources 27% 27% 5% 0.105 $21,125,354 KAI Kairos Minerals Ltd 25% 7% -25% 0.015 $39,313,683 GIB Gibb River Diamonds 24% 20% -40% 0.036 $7,402,831 NSM Northstaw 20% -4% -73% 0.048 $6,714,038 ARN Aldoro Resources 19% -16% -56% 0.105 $16,154,849 ADT Adriatic Metals 19% -5% 17% 3.81 $866,745,477 MZZ Matador Mining Ltd 18% -17% -65% 0.039 $18,886,589 SMI Santana Minerals Ltd 18% 51% 103% 1.525 $252,520,741 SMS Starmineralslimited 16% 8% -49% 0.043 $2,657,298 AMI Aurelia Metals Ltd 16% 5% -11% 0.115 $194,323,251 ADV Ardiden Ltd 16% 6% -43% 0.185 $11,253,151 SPD Southernpalladium 15% -5% -53% 0.355 $14,215,848 MDI Middle Island Res 14% 0% -72% 0.016 $3,700,118 WCN White Cliff Min Ltd 13% 89% 31% 0.017 $21,373,749 SVL Silver Mines Limited 13% 6% -15% 0.17 $238,736,464 NAE New Age Exploration 13% -25% -44% 0.0045 $7,175,596 GBZ GBM Rsources Ltd 13% 0% -82% 0.009 $7,314,329 ALY Alchemy Resource Ltd 13% -10% -44% 0.009 $9,424,610 SPR Spartan Resources 12% -9% 184% 0.475 $453,697,179 NAG Nagambie Resources 12% 0% -51% 0.029 $19,915,892 MVL Marvel Gold Limited 11% -17% -52% 0.01 $8,637,907 A1G African Gold Ltd. 11% 48% -57% 0.04 $6,772,448 AGC AGC Ltd 11% 1% 22% 0.072 $14,888,889 AUN Aurumin 11% 19% -50% 0.031 $10,753,292 CXU Cauldron Energy Ltd 11% 75% 509% 0.042 $44,979,563 GTR Gti Energy Ltd 10% 38% -7% 0.011 $21,524,444 WA8 Warriedarresourltd 10% -17% -77% 0.044 $22,458,564 G50 Gold50Limited 10% -19% -39% 0.11 $11,475,450 ANX Anax Metals Ltd 10% -27% -71% 0.022 $11,120,906 BEZ Besragoldinc 10% 10% 244% 0.165 $68,986,649 HAV Havilah Resources 10% -13% -50% 0.17 $47,495,882 VMC Venus Metals Cor Ltd 9% 5% 25% 0.105 $19,921,512 GWR GWR Group Ltd 9% 0% 53% 0.095 $30,515,582 SRN Surefire Rescs NL 9% 41% -14% 0.012 $21,594,736 AVM Advance Metals Ltd 9% 1700% -84% 0.036 $1,483,143 QML Qmines Limited 8% -5% -55% 0.078 $18,139,640 OAU Ora Gold Limited 8% -7% 49% 0.0065 $34,146,005 PXX Polarx Limited 8% 86% -52% 0.013 $18,035,785 GMD Genesis Minerals 8% -5% 34% 1.695 $1,765,279,412 SXG Southern Cross Gold 8% -7% 75% 1.175 $108,066,748 LYN Lycaonresources 8% 0% -33% 0.2 $9,031,531 NWM Norwest Minerals 8% 0% -53% 0.027 $6,901,668 NST Northern Star 8% 2% 10% 13.92 $15,365,086,321 WAF West African Res Ltd 7% 7% -7% 1.01 $995,547,935 ORN Orion Minerals Ltd 7% 7% -6% 0.015 $81,830,486 CEL Challenger Gold Ltd 7% 5% -51% 0.078 $89,542,955 SLZ Sultan Resources Ltd 7% -30% -79% 0.016 $2,371,041 BCM Brazilian Critical 6% 0% -81% 0.026 $19,238,877 ARD Argent Minerals 6% 0% -40% 0.009 $10,334,072 IVR Investigator Res Ltd 6% -3% -10% 0.037 $58,603,544 SLR Silver Lake Resource 5% 6% 0% 1.265 $1,121,693,200 CMM Capricorn Metals 5% 1% 4% 4.75 $1,697,940,054 GSN Great Southern 5% 5% -33% 0.02 $15,092,704 AAJ Aruma Resources Ltd 5% -22% -75% 0.021 $4,134,722 CWX Carawine Resources 5% 0% -7% 0.11 $25,973,799 FXG Felix Gold Limited 5% -10% -51% 0.044 $8,288,605 CST Castile Resources 5% 12% -12% 0.092 $21,771,218 IPT Impact Minerals 4% 14% 25% 0.0125 $34,376,447 DEG De Grey Mining 4% 0% -15% 1.25 $2,221,518,630 GML Gateway Mining 4% 0% -58% 0.025 $8,850,813 ERM Emmerson Resources 4% -10% -37% 0.053 $28,869,619 ALK Alkane Resources Ltd 4% -13% -18% 0.57 $346,976,457 DLI Delta Lithium 4% -39% -42% 0.285 $206,427,696 MAT Matsa Resources 4% 12% -26% 0.029 $13,407,073 RMS Ramelius Resources 4% -5% 60% 1.605 $1,794,859,471 BGL Bellevue Gold Ltd 3% -20% 17% 1.34 $1,518,770,988 TMS Tennant Minerals Ltd 3% -9% -12% 0.03 $23,699,911 SFR Sandfire Resources 3% -1% 12% 7.28 $3,281,205,461 KCC Kincora Copper 3% -22% -58% 0.032 $6,956,777 PGO Pacgold 3% -11% -53% 0.17 $14,304,725 TMB Tambourahmetals 3% -26% -29% 0.085 $6,635,228 CAI Calidus Resources 3% -19% -35% 0.175 $110,250,489 HRZ Horizon 3% -14% -47% 0.036 $24,534,429 GAL Galileo Mining Ltd 2% -26% -76% 0.21 $41,501,235 WGX Westgold Resources. 2% -3% 71% 2.12 $1,060,914,915 MTC Metalstech Ltd 2% 2% -55% 0.225 $41,570,010 EVN Evolution Mining Ltd 2% -18% 2% 3.24 $6,262,355,700 SSR SSR Mining Inc. 2% -6% -37% 14.85 $92,247,278 GBR Greatbould Resources 2% -9% -33% 0.059 $36,519,920 MM8 Medallion Metals. 2% -8% -56% 0.06 $16,613,189 MAU Magnetic Resources 2% -4% 23% 0.98 $243,443,924 RED Red 5 Limited 2% 6% 65% 0.33 $1,143,054,181 AZS Azure Minerals 1% -2% 1074% 3.64 $1,669,593,653 TIE Tietto Minerals 1% 1% -16% 0.615 $694,882,627 FFX Firefinch Ltd 0% 0% 0% 0.2 $236,569,315 FAU First Au Ltd 0% 0% -40% 0.003 $4,985,980 MRZ Mont Royal Resources 0% -27% -42% 0.11 $9,353,277 AAU Antilles Gold Ltd 0% -4% -45% 0.022 $18,026,074 CAZ Cazaly Resources 0% -31% -39% 0.02 $8,638,090 AS1 Asara Resources Ltd 0% 20% -67% 0.012 $9,512,771 WRM White Rock Min Ltd 0% 0% -7% 0.063 $17,508,200 CTO Citigold Corp Ltd 0% 0% -17% 0.005 $15,000,000 MHC Manhattan Corp Ltd 0% 0% -56% 0.004 $11,747,919 GUL Gullewa Limited 0% 0% -8% 0.055 $11,262,521 AAR Astral Resources NL 0% -8% -9% 0.067 $51,551,340 VKA Viking Mines Ltd 0% -7% 8% 0.013 $11,277,843 MTH Mithril Resources 0% 0% -33% 0.002 $6,737,609 ADG Adelong Gold Limited 0% 0% -50% 0.005 $3,498,278 RMX Red Mount Min Ltd 0% 0% -50% 0.003 $6,683,940 NML Navarre Minerals Ltd 0% 0% -51% 0.019 $28,555,654 BCN Beacon Minerals 0% -4% -23% 0.024 $93,919,204 WWI West Wits Mining Ltd 0% 0% -25% 0.012 $26,734,308 RML Resolution Minerals 0% 0% -63% 0.003 $3,779,990 AL8 Alderan Resource Ltd 0% -20% -56% 0.004 $3,874,015 TBA Tombola Gold Ltd 0% 0% 0% 0.026 $33,129,243 ARV Artemis Resources 0% -21% -44% 0.015 $21,985,550 CLA Celsius Resource Ltd 0% -8% -39% 0.011 $26,952,620 AUC Ausgold Limited 0% -19% -52% 0.026 $61,995,813 SFM Santa Fe Minerals 0% 0% -39% 0.043 $3,131,208 PNR Pantoro Limited 0% -28% -56% 0.041 $213,365,251 X64 Ten Sixty Four Ltd 0% 0% -7% 0.57 $130,184,182 RGL Riversgold 0% -17% -66% 0.01 $10,644,276 TSO Tesoro Gold Ltd 0% -17% -25% 0.024 $28,280,356 CPM Coopermetalslimited 0% -16% 24% 0.285 $20,593,808 TMZ Thomson Res Ltd 0% 0% -74% 0.005 $4,881,018 TAM Tanami Gold NL 0% -6% -25% 0.033 $38,778,203 WMC Wiluna Mining Corp 0% 0% 0% 0.205 $74,238,031 GSM Golden State Mining 0% -27% -77% 0.011 $3,631,818 THR Thor Energy PLC 0% 17% -42% 0.035 $6,139,199 CDR Codrus Minerals Ltd 0% -11% -58% 0.05 $4,711,763 RDS Redstone Resources 0% -17% -50% 0.005 $4,626,892 MXR Maximus Resources 0% 0% -15% 0.035 $11,233,102 HXG Hexagon Energy 0% 0% -25% 0.012 $5,642,075 LCY Legacy Iron Ore 0% 0% 0% 0.017 $108,916,045 PDI Predictive Disc Ltd 0% -5% 11% 0.2 $436,011,258 ZAG Zuleika Gold Ltd 0% 11% 5% 0.02 $14,721,710 LRL Labyrinth Resources 0% -14% -65% 0.006 $7,125,262 KTA Krakatoa Resources 0% -44% -53% 0.02 $9,442,144 TAR Taruga Minerals 0% -27% -62% 0.008 $5,648,214 NES Nelson Resources. 0% 0% -50% 0.004 $2,454,377 BTR Brightstar Resources 0% -25% -45% 0.012 $28,444,546 TRM Truscott Mining Corp 0% -9% -41% 0.05 $8,668,353 TNC True North Copper 0% -14% 70% 0.09 $34,635,731 MOM Moab Minerals Ltd 0% 0% -30% 0.007 $4,983,744 PNM Pacific Nickel Mines 0% -40% -41% 0.05 $20,912,655 AYM Australia United Min 0% 0% -25% 0.003 $5,527,732 ANL Amani Gold Ltd 0% 0% 0% 0.001 $25,143,441 MEK Meeka Metals Limited 0% -8% -36% 0.037 $45,684,230 CLZ Classic Min Ltd 0% 0% -86% 0.001 $12,357,082 GPR Geopacific Resources 0% -25% -41% 0.015 $12,325,761 KCN Kingsgate Consolid. -1% -8% -24% 1.27 $347,964,784 KIN KIN Min NL -1% -9% 13% 0.061 $70,689,033 KSN Kingston Resources -1% 4% -25% 0.083 $39,836,947 IDA Indiana Resources -1% 3% 37% 0.082 $50,449,439 EMR Emerald Res NL -1% 7% 125% 3.22 $1,913,393,453 CY5 Cygnus Metals Ltd -1% -45% -85% 0.074 $20,117,581 HMG Hamelingoldlimited -1% -6% -45% 0.074 $11,497,500 HCH Hot Chili Ltd -1% -5% 6% 1.025 $122,431,336 SNG Siren Gold -1% 0% -61% 0.068 $9,813,993 PRU Perseus Mining Ltd -2% -1% -12% 1.835 $2,424,340,382 RND Rand Mining Ltd -2% -1% -4% 1.35 $76,782,547 XAM Xanadu Mines Ltd -2% -14% 65% 0.051 $85,041,034 BC8 Black Cat Syndicate -2% -4% -39% 0.24 $76,495,408 ICL Iceni Gold -2% -13% -59% 0.045 $11,095,247 OBM Ora Banda Mining Ltd -2% -6% 156% 0.225 $375,489,371 TBR Tribune Res Ltd -2% 0% -23% 2.95 $154,780,827 IGO IGO Limited -2% -19% -50% 7.29 $5,482,618,966 PRS Prospech Limited -3% 26% 24% 0.039 $9,725,354 GED Golden Deeps -3% -17% -62% 0.038 $4,505,372 SVG Savannah Goldfields -3% -24% -78% 0.038 $9,672,540 EMC Everest Metals Corp -3% -5% -24% 0.076 $12,485,516 SBM St Barbara Limited -3% -19% -46% 0.17 $139,054,965 ILT Iltani Resources Lim -3% 6% 0% 0.17 $6,121,891 KRM Kingsrose Mining Ltd -3% -22% -54% 0.032 $24,833,375 SKY SKY Metals Ltd -3% -17% -52% 0.03 $13,841,943 AME Alto Metals Limited -3% -30% -59% 0.03 $21,645,695 S2R S2 Resources -3% -12% -9% 0.145 $63,400,119 BNR Bulletin Res Ltd -3% -41% -21% 0.083 $23,782,679 FEG Far East Gold -4% 8% -67% 0.135 $23,478,807 M24 Mamba Exploration -4% 6% -74% 0.053 $3,396,361 ENR Encounter Resources -4% -10% 58% 0.26 $100,562,695 TRE Toubani Res Ltd -4% -14% -32% 0.125 $16,733,208 BGD Bartongoldholdings -4% -9% 4% 0.24 $45,213,854 M2R Miramar -4% 10% -71% 0.023 $3,424,000 MEU Marmota Limited -4% 7% 2% 0.046 $45,528,425 MBK Metal Bank Ltd -4% -15% -40% 0.023 $8,980,564 PGD Peregrine Gold -5% 27% -38% 0.305 $21,103,892 FFM Firefly Metals Ltd -5% -20% -41% 0.505 $188,601,005 MKR Manuka Resources. -5% 4% -15% 0.08 $47,470,085 NXM Nexus Minerals Ltd -5% -19% -83% 0.038 $13,228,044 WTM Waratah Minerals Ltd -5% -21% -30% 0.095 $14,040,263 GNM Great Northern -5% -5% -68% 0.019 $2,937,952 TGM Theta Gold Mines Ltd -5% -17% 38% 0.095 $78,269,382 FML Focus Minerals Ltd -6% -11% -18% 0.165 $48,714,970 RRL Regis Resources -6% -7% -5% 2.03 $1,491,794,146 MLS Metals Australia -6% -16% -42% 0.031 $19,969,158 OZM Ozaurum Resources -6% -51% -1% 0.074 $11,112,500 LM8 Lunnonmetalslimited -6% -52% -70% 0.29 $63,172,509 LEX Lefroy Exploration -7% -20% -39% 0.14 $26,964,535 AZY Antipa Minerals Ltd -7% -18% -36% 0.014 $62,022,119 GUE Global Uranium -7% 38% -27% 0.135 $26,526,122 KZR Kalamazoo Resources -7% -23% -56% 0.093 $16,090,658 POL Polymetals Resources -7% -15% 39% 0.265 $41,768,719 BMR Ballymore Resources -7% 4% -21% 0.13 $22,922,976 AM7 Arcadia Minerals -7% -11% -72% 0.065 $5,997,756 GRL Godolphin Resources -7% 0% -54% 0.039 $6,600,439 NVA Nova Minerals Ltd -7% -10% -53% 0.325 $69,593,687 DTM Dart Mining NL -7% -24% -76% 0.013 $3,186,115 RSG Resolute Mining -7% -12% 42% 0.39 $862,265,255 TLM Talisman Mining -7% -19% 12% 0.19 $36,722,468 NMR Native Mineral Res -7% 25% -71% 0.025 $5,663,264 SBR Sabre Resources -7% -24% -44% 0.025 $9,356,548 FAL Falconmetalsltd -7% -14% -48% 0.125 $22,125,000 ARL Ardea Resources Ltd -8% -22% -51% 0.37 $76,836,597 LCL LCL Resources Ltd -8% -29% -70% 0.012 $11,889,332 BNZ Benzmining -8% -30% -67% 0.175 $21,735,865 TCG Turaco Gold Limited -8% -12% 92% 0.115 $69,100,445 HRN Horizon Gold Ltd -8% -8% -21% 0.275 $39,830,979 REZ Resourc & En Grp Ltd -9% -29% -38% 0.01 $4,998,058 USL Unico Silver Limited -9% -20% -29% 0.1 $31,085,417 AQI Alicanto Min Ltd -9% -19% -38% 0.029 $18,460,104 TMX Terrain Minerals -10% -10% -25% 0.0045 $7,158,353 MOH Moho Resources -10% -10% -57% 0.009 $4,823,470 SI6 SI6 Metals Limited -10% -10% -25% 0.0045 $8,972,367 CBY Canterbury Resources -10% 8% -33% 0.027 $4,637,004 CHN Chalice Mining Ltd -10% -45% -85% 0.94 $396,742,570 MI6 Minerals260Limited -11% -47% -50% 0.17 $39,780,000 ICG Inca Minerals Ltd -11% -27% -64% 0.008 $5,290,437 KAL Kalgoorliegoldmining -12% -15% -72% 0.023 $3,804,017 RDN Raiden Resources Ltd -12% -43% 384% 0.023 $63,757,563 GOR Gold Road Res Ltd -12% -23% -6% 1.51 $1,589,365,823 BM8 Battery Age Minerals -12% -21% -70% 0.15 $13,764,048 SVY Stavely Minerals Ltd -12% -36% -90% 0.029 $11,458,203 KAU Kaiser Reef -13% -38% -42% 0.105 $17,959,609 TTM Titan Minerals -13% -29% -71% 0.02 $32,134,118 DRE Dreadnought Resources Ltd -14% -37% -82% 0.019 $66,102,386 MRR Minrex Resources Ltd -14% -29% -68% 0.012 $14,103,278 CDT Castle Minerals -14% -37% -73% 0.006 $8,571,451 MEI Meteoric Resources -15% -35% 10% 0.17 $348,270,973 DTR Dateline Resources -15% 10% -52% 0.011 $17,284,230 STK Strickland Metals -16% 2% 162% 0.097 $162,709,673 ASO Aston Minerals Ltd -16% -33% -83% 0.016 $20,721,028 HAW Hawthorn Resources -16% -12% -18% 0.082 $32,496,514 AQX Alice Queen Ltd -17% 0% -85% 0.005 $3,800,413 BYH Bryah Resources Ltd -17% -23% -58% 0.01 $5,203,287 PUR Pursuit Minerals -17% -38% -77% 0.005 $14,719,857 ION Iondrive Limited -18% -25% -65% 0.009 $4,376,568 CYL Catalyst Metals -19% -30% -58% 0.56 $123,288,225 G88 Golden Mile Res Ltd -20% -37% -46% 0.012 $4,282,064 PUA Peak Minerals Ltd -20% -33% -60% 0.002 $2,082,753 PRX Prodigy Gold NL -20% -33% -64% 0.004 $7,004,431 A8G Australasian Metals -20% -41% -46% 0.1 $5,212,049 PNT Panthermetalsltd -20% -33% -78% 0.04 $4,358,308 EM2 Eagle Mountain -21% -21% -75% 0.059 $19,822,846 BMO Bastion Minerals -21% -39% -79% 0.011 $3,425,885 FG1 Flynngold -22% 4% -49% 0.054 $8,306,282 MEG Megado Minerals Ltd -22% -49% -58% 0.018 $4,580,200 HMX Hammer Metals Ltd -22% -38% -55% 0.032 $31,024,257 TG1 Techgen Metals Ltd -24% -46% -52% 0.042 $3,940,842 SIH Sihayo Gold Limited -25% 0% -25% 0.0015 $18,306,384 GMN Gold Mountain Ltd -25% -45% -50% 0.003 $6,807,236 GSR Greenstone Resources -25% -14% -79% 0.006 $9,576,794 PKO Peako Limited -25% -40% -80% 0.003 $1,581,254 STN Saturn Metals -26% -18% -22% 0.14 $30,152,278 ZNC Zenith Minerals Ltd -28% -23% -52% 0.115 $47,571,419 ASR Asra Minerals Ltd -29% -29% -67% 0.005 $9,818,974 VRC Volt Resources Ltd -29% -23% -62% 0.005 $20,650,533 SPQ Superior Resources -29% -23% -83% 0.01 $20,012,204 KNB Koonenberrygold -32% -20% -18% 0.041 $5,268,960

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