Gold Strike Announces Commencement of Drilling at Florin Gold Project, Yukon
(TSXV: GSR) Gold Strike Resources Corp. announces the commencement of drilling at its Florin Gold Project, Yukon, Canada. The current Florin Project pit-constrained inferred resource is 2.507 million oz, with a projected strike length of approximately 925 metres, within a broader 5,000 m gold-in-soil anomaly. The 2026 drill and exploration program comprises over 8,000 m of diamond drilling, with the initial 10 holes (~5,000 m) targeting the higher-grade, unconstrained southwestern portion of the deposit. The Florin Project consists of 500 quartz claims (~89km²) located in the Mayo and Dawson Mining Districts, Yukon, Canada. The mineral resource estimate was prepared by GeoSim Services Inc. (Ronald G. Simpson, P.Geo.) and David Kelsch, P.Geo., with an effective date of December 5, 2025. Gold Strike expects gold fire assay results within three weeks of delivery of the core samples to the analytical laboratory, with initial results from hole 1 anticipated in early August and expected to be released on a hole-by-hole basis. The company projects that the drill program will collect geotechnical data and metallurgical samples to support advancement toward a future pre-feasibility study.
Legacy Gold Starts RC Drilling at the Baner Gold Mine Property and is on Target to Complete Its 40,000 Foot 2026 Program; MT GEO Survey Flown
(TSXV: LEGY) Legacy Gold Mines Ltd. reports progress on its 2026 Exploration Plan to drill 40,000 feet at the Baner Gold Mine Property in Idaho County, Idaho, USA. The first phase involved core drilling the first 12,000 feet (3,658 meters), with reverse circulation drilling for the remaining 28,000 feet (8,536 meters). Nine core holes have been drilled to date, with two more pending, and RC drilling has commenced. Thirty-five holes are planned in the Main Zone area (7 core holes and 28 RC holes), ten holes in the NE Zone (2 core holes and 8 RC holes), and six holes in the NW Zone (4 core holes and 2 RC holes). The initial exploration target at the Baner Property is approximately 50.3 million to 55.3 million tonnes at average grades ranging from approximately 0.72 g/t Au to 0.91 g/t Au. Initial metallurgical cyanide leach testing gave 87.1%-93.2% recovery. The company projects that further drilling and technical studies may support a future mineral resource estimate.
INPEX Starts Appraisal Drilling for Japan CCS Project
Metropolitan CCS, a joint venture of INPEX and Kanto Natural Gas Development, began drilling an appraisal well for a carbon capture and storage project planned to serve industrial emitters in the Greater Tokyo Area.
Impact Minerals Set for Phase 2 Drilling at Commonwealth Gold-Silver Project
(ASX: IPT) Impact Minerals is set to benefit from a new phase of diamond drilling at its Commonwealth-Silica Hill gold-silver project in central New South Wales, where joint venture partner Kuniko (ASX: KNI) has mobilised a rig to site. The initial Phase 2 program will comprise approximately 1,340 metres across six holes targeting extensions to the high-grade mineralisation identified during the successful first campaign. Impact retains a 30% interest in the project, free-carried to a decision to mine, while Kuniko can earn up to 70% by spending $3 million on exploration over four years. The new drilling will also support an upgraded mineral resource estimate planned for the fourth quarter of 2026. The first campaign intersected a broad 84m zone grading 2.6 grams per tonne gold equivalent, including 3.4m at 50g/t gold equivalent and a bonanza-grade 0.5m vein grading 347g/t gold equivalent, comprising 27g/t gold and 20,603g/t silver. Phase 1 returned 8m at 8.6g/t gold equivalent from the Main Shaft area including 3.8m at 17.4g/t gold equivalent, while Commonwealth South produced 7.1m at 9.7g/t gold equivalent including a higher-grade core of 3.1m at 21.6g/t gold equivalent. The company projects that results from Phase 2 will be incorporated into a planned resource update expected in the December quarter, followed by planning for a third drilling phase.