Ann: Placement to Raise $150,000, page-44

Yep media coverage prior to drilling is good.........

Gold exploration, raisings continue at a high pace

The hills are alive, not with music (apologies to Julie Andrews), but with gold sampling and drilling.

As previously mentioned, the past week has seen a flood of announcements.

Here, therefore, is a sample of developments”

In terms of raising money, Xantippe Resources (ASX: XTC) — formerly graphite hopeful Peninsula Mines — brought in $1.25 million for its recently acquired Southern Cross gold project in the “gold rich” Yilgarn region of Western Australia. Directors tipped in an additional $100,000.

Advanced materials player Strategic Energy Resources (ASX: SER) raised $805,700 for drilling its Saxby gold project in Queensland and other ground.

Now that COVID-19 restrictions are easing, Gladiator Resources (ASX: GLA)will next month resume drilling at its West Australian Marymia gold project, and has added $150,000 to its bank account for the work.

Argonaut Resources (ASX: ARE) will begin drilling at a new prospect, Birties, at its Higginsville project in Western Australia. The company said the ground had been drilled in the 1990s, but it was believed that work had missed the mineralisation.

Dampier Gold (ASX: DAU) reported a maiden resource at that Credo Well gold project 40m north of Kalgoorlie where it has a joint venture with Torian Resources (ASX: TNR). The JORC resources totals 86,519t at 4.41 grams per tonne gold, for a contained 12,259oz. More ground is to be drill tested along a known gold corridor. The area was mined in the late 1800s.

Archer Materials (ASX: AXE) began life 13 years ago as a graphite play on South Australia’s Eyre Peninsula — back then optimistically dubbed as “the Pilbara of graphite” — and is now involved with advanced materials and quantum computing. However, it now reports several gold prospects on its ground in South Australia and NSW that it plans to explore.

Avenira (ASX: AEV) has been toiling away on a phosphate project but recently acquired the South Jundee gold project in Western Australia. The ground has been subject of several exploration programs over the years, most of those in the mid-1990s when gold was worth between US$300/oz and US$400/oz. Avenira said a new exploration strategy is needed: most of the historical work involved surface sampling and shallow drilling but the target lies under a considerable level of cover.

https://*********.com.au/gold-sector-reaching-frenzy-state-juniors-ramp-up-acquisitions-drilling/