Black Dragon Gold, hunting for the yellow metal in Spain, flies up the bourse
\nOther goldies also glinting: Kula, Ballymore, Westar, Aurum and Forrestania<\/p>\n
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Here are the biggest resources winners in early trade, Wednesday November 22.<\/em><\/p>\n \u00a0<\/p>\n (Up on no news)<\/strong><\/em><\/p>\n Black Dragon Gold has swooped above the other ASX ressie gainers today, with a current 28% share price rise.<\/p>\n Not seeing much, or anything actually, at present that\u2019s pushing it in that direction, so we\u2019ll revert to its last piece of reasonably significant news, but not before a bit of background\u2026<\/p>\n BDG\u2019s flagship operation is the high-grade Salave gold project in the Asturias region of Spain \u2013 one of the largest underdeveloped gold projects in Europe.<\/p>\n About 10 days ago, BDG noted that \u201cBlack Dragon continues to progress and de-risk the permitting and development\u201d of the Salave project.<\/p>\n And\u2026 \u201cwith the Western world opening their economies post the COVID-19 pandemic, the company was able to achieve a number of significant milestones.\u201d<\/p>\n Those milestones included the completion of an environmental impact assessment, an extension of an investigation permit, the granting of a drilling permit, and diversification into Aussie-based gold, with the acquisition of WA\/Yilgarn-based Marlee Gold and its two main projects.<\/p>\n Here is the most recent post on the company\u2019s X account. Hopefully it\u2019ll update something fresh there soon.<\/p>\n $BDG<\/a> #BlackDragonGold<\/a> CEO Gabriel Chiappini tour of drill core shed with 70,000m+ of drill cores, cuttings and samples. This inventory represents an equivalent investment of USD$40m & with a MRE of 1.56m ounces of gold @ 4.3g\/t we are well positioned to develop #SalaveGold<\/a> pic.twitter.com\/2JcwCnCj2L<\/a><\/p>\n \u2014 Black Dragon Gold (@BlackDragon_Oro) June 30, 2023<\/a><\/p>\n\n BDG share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n Down 56% YTD, 2023 hasn\u2019t been the greatest of share price years for this Perth-based exploration minnow. That said, it\u2019s kicked off Nov 22 with some +15% positivity and news from its Olga Rocks project within the emerging Forrestania lithium district in WA.<\/p>\n The company has announced it\u2019s now begun further lithium and gold target drilling at the project, which follows up on a maiden RC drill program that intersected anomalous lithium in pegmatites and high-grade gold in mafics.<\/p>\n The testing is for a \u201creinterpretation for potential pegmatite-hosted lithium\u201d as well as to target largely \u201cunderexplored\u201d potential high-grade gold mineralisation.<\/p>\n Westar exec direc Lindsay Franker is excited about it. We know this, because we read the ASX release and we also read the company\u2019s social post below\u2026<\/p>\n We’ve commenced drilling at our Olga Rocks Project located in WA, to test the reinterpretation for potential pegmatite-hosted #lithium<\/a> and also target a prospective horizon for high grade #gold<\/a> mineralisation that is largely underexplored.$WSR<\/a> #ASX<\/a>https:\/\/t.co\/FS0kKB8YpA<\/a> pic.twitter.com\/KAD0aLDMtL<\/a><\/p>\n \u2014 Westar Resources (@Westar_Res) November 21, 2023<\/a><\/p>\n\n Franker notes some nearology there \u2013 the Zenith Minerals (ASX:ZNC)<\/strong><\/a> Dulcie North gold project, about 1.5km along strike from Olga Rocks.<\/p>\n WSR share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n Goldie\/white goldie Kula is at it again, moving the share price needle in the right direction.<\/p>\n KGD is up about 24% at the time of resisting watching the ODI World Cup highlights for the sixth time (this morning).<\/p>\n News? It\u2019s announced that maiden RC drilling has now begun at the Cobra lithium prospect\u2019s expanded target area in southwest WA, which we flagged last week (after KGD flagged it first, natch).<\/p>\n Cobra is a 3km long, 500m wide lithium prospect\u00a0approximately 20km west of the world\u2019s largest hard rock lithium mine, Greenbushes, and it has flexibility to extend further based on visually encouraging rock types.<\/p>\n Dawson on $KGD<\/a>‘s Cobra #Lithium<\/a> Prospect:<\/p>\n “3 lines of drilling spaced across the 3km strike length of the mapped pegmatite is the initial test.\u201d<\/p>\n \u201cRecent mapping has delineated that the mapped pegmatite extends further southwest & rock chips are being submitted for analysis.\u201d pic.twitter.com\/ppALXXlRUs<\/a><\/p>\n \u2014 Kula Gold Limited (@KulaGold) November 21, 2023<\/a><\/p>\n\n Some $650,000 is targeted for raising for the drill program. More on that in one of our recent special reports<\/a>.<\/p>\n KGD also notes the progression of some of its other lithium targets, including:<\/p>\n \u2022 the Falcon lithium prospect \u2013 pegmatite, up to 300m wide and 1.8m strike (southeast of Cobra Prospect)<\/em><\/p>\n \u2022 the Mustang lithium prospect \u2013 multiple pegmatites; strikes up to 1km and over 200m wide <\/em><\/p>\n \u2022 the Thunderbird lithium prospect \u2013 new LCT suite mineralisation, 3 parallel pegmatite units, up to 300m wide and to 1km strike\u00a0<\/em><\/p>\n Stockhead\u2019s Ashtyn Hiron recently spoke with Kula\u2019s MD Ric Dawson about it all\u2026<\/p>\n Kula Gold Managing Director Ric Dawson speaks to @StockheadAU<\/a> re: drilling at $KGD<\/a>‘s Cobra #Lithium<\/a> Prospect.<\/p>\n “We\u2019ve done all the groundwork & now it\u2019s up to the RC rig to give us some results that hopefully will be spodumene at depth\u201d<\/p>\n https:\/\/t.co\/PcfV8u6JGg<\/a>$KGD.ax<\/a> pic.twitter.com\/NUvMBFeJhR<\/a><\/p>\n \u2014 Kula Gold Limited (@KulaGold) November 15, 2023<\/a><\/p>\n\n KGD share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n This small goldie is up on\u2026 a nicely put-together acquisition presentation called \u201cA New Beginning with More Gold\u201d.<\/p>\n\n Aurum announced in mid-November that it had entered into a binding heads of agreement to acquire the West African drilling company PlusOr Global and its interest in the Boundiali gold project in C\u00f4te d\u2019Ivoire.<\/p>\n And the company has the test drills spinning at the site as we type (possibly).<\/p>\n The drill company brings in two diamond drill rigs for Aurum and about 10,000m diamond drilling consumables on the project site.<\/p>\n Aurum believes the Boundiali project is significantly underexplored, especially as it\u2019s a highly-prospective gold site with historically excellent drilling results.<\/p>\n The Boundiali greenstone belt hosts Resolute Mining\u2019s (ASX:RSG)<\/strong><\/a> Syama gold operation and the Tabakoroni deposit in Mali.<\/p>\n AUE share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n (Up on no fresh news)<\/strong><\/em><\/p>\n No fresh news here today that\u2019s sending this gold\/copper\/silver hunter up and to the right.<\/p>\n So\u2026 we\u2019ll time travel you back to earlier this month, when India still had unshakable belief that it was the best ODI team in the world and England was utterly hopeless (which it still is) but morally winning\u2026<\/p>\n At that time, on November 6, the junior Queensland explorer noted that it had conducted soil sampling at the Ruddygore copper project\/system, targeting a \u2018significant magnetic anomaly\u2019 and extending the system by another 2km, to create a 5km long target zone.<\/p>\n The project is an extension of the historic Ruddygore high-grade mine that was operated until 1909, yielding 1,450 tons of copper at a grade of 3.9% Cu & 56g\/t Ag.<\/p>\n ASX Alert!<\/p>\n Soil sampling, targeting a significant magnetic anomaly, has extended the Ruddygore system by another 2 km, to create a 5 km long target zone.<\/p>\n Download the full announcement here https:\/\/t.co\/ScpvMBW3Ff<\/a> pic.twitter.com\/sk4Oke7oDE<\/a><\/p>\n \u2014 Ballymore Resources (@BallymoreRes) November 5, 2023<\/a><\/p>\n\n Ballymore also had good news in late October, announcing \u201cextremely high-grade gold results\u201d with individual assays up to 2206ppb Au (2.2g\/t) returned from soil sampling program over its Dittmer prospect, some 30-odd kilometres southwest of Prosperine in central Qld.<\/p>\n That prospect includes the historic Dittmer mine and numerous unexplored, historic workings in local area and the company believes the find confirms Dittmer as a major mineralised system defined by broad anomalies.<\/p>\n BMR share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n (Up on no news)<\/strong><\/em><\/p>\n Gold, lithium and nickel hunter FRS is a late-lunchtime charger up the ASX. Up on not much that\u2019s readily apparent.<\/p>\n That said, a handful of days ago or so, it did successfully complete an entitlement offer, oversubscribed, with more than $1.78 million raised to fund the company\u2019s further exploration efforts.<\/p>\n It’s been a busy Quarter for the team at $FRS<\/a> as we develop projects in Canada & Western Australia. <\/p>\n https:\/\/t.co\/T8pjqmNCr8<\/a>$FRS.ax<\/a> #Lithium<\/a> pic.twitter.com\/P18qcHsJqh<\/a><\/p>\n \u2014 Forrestania Resources Ltd ($FRS) (@ForrestaniaRes) October 31, 2023<\/a><\/p>\n\n FRS share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n At Stockhead we tell it like it is. While Kula Gold is a Stockhead advertiser at time of writing, it did not sponsor this article.\u00a0<\/em><\/p>\n <\/span><\/p>\n The post Resources Top 6: Black Dragon leads goldie charge, followed by Westar and Ballymore<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Black Dragon Gold (ASX:BDG)<\/strong><\/a><\/h2>\n
Westar Resources (ASX:WSR)<\/strong><\/a><\/h2>\n
Kula Gold (ASX:KGD)<\/strong><\/a><\/h2>\n
Aurum Resources (ASX:AUE)<\/strong><\/a><\/h2>\n
Ballymore Resources (ASX:BMR)<\/strong><\/a><\/h2>\n
Forrestania Resources (ASX:FRS)<\/strong><\/a><\/h2>\n