Barton Gold has started a scoping study to assess underground mine feed at its Challenger Gold Project in South Australia, following an updated JORC (2012) mineral resource estimate that more than doubled the underground resource to 230,000oz at 3.65g/t gold. The review will test whether this high-grade material can be processed at the nearby Central Gawler Mill, which the company says is fully permitted and suitable for refurbishment. SRK Consulting (Australasia) will lead the study, building on its work for the ongoing definitive feasibility study (DFS). The company also reported high-grade zones of up to 170g/t gold in the pit walls of the Challenger main open pit, and the underground mine produced more than one million ounces of gold between 2002 and 2018.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 11/03/2026 | 3,930.22 |
| Change that session | -0.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Novo Resources builds Australian gold drilling pipeline
Novo Resources' general manager of exploration Rohan Williams said the company is preparing a 2,700-metre drilling program at the Clone prospect in the Tibooburra Gold Project, New South Wales, to track mineralisation down plunge and test extensions of a couple of hundred metres along strike. Earlier 2025 drilling returned near-surface intercepts including 12 metres at 5.9 grams per tonne gold and 17 metres at 2.5 grams per tonne. In Western Australia, field teams are conducting soil and rock-chip sampling and mapping ahead of work at Teichman, Wyloo and Egina. Novo also has a potential 2,500-metre diamond drilling program at Belltopper in Victoria planned for the first half of 2027, and investors can expect drilling results before Christmas.
- Novo Resources expands high-grade gold search - ICYMI
Novo Resources (TSX:NVO, ASX:NVO) is set to begin a 2,700-metre reverse circulation (RC) drilling program at the Clone prospect within its Tibooburra Gold Project in New South Wales, targeting extensions of high-grade gold mineralisation. The campaign follows up on 2025 drilling that returned 12 metres at 5.9 grams per tonne gold from near surface, and will focus on tracking the mineralised system to the north and testing its down-plunge continuation at depth. The broader Albert Goldfield spans about 30 kilometres of strike, but much of it has seen little modern exploration, and faulting and cross-cutting structures also need to be understood. Novo holds 70% of a joint venture with Manhattan Gold Corporation Ltd, where it is operator, and is running regional stream sediment, rock-chip and soil sampling to identify new drill targets for 2027.
- Riversgold expands Northern Zone footprint 15-fold with strategic Kalgoorlie acquisition
Riversgold has entered a binding agreement to acquire a 100% interest in the 12 km² exploration licence E25/594 surrounding its Northern Zone Gold Project near Kalgoorlie, from Black Cat (Kal East) Pty Ltd, a subsidiary of Black Cat Syndicate (ASX:BC8). The deal lifts the combined project area from 0.82 km² to about 12.82 km², roughly a 15-fold increase. Riversgold will pay AUD 1 million in cash and issue 111.1 million shares at a deemed price of AUD 0.009, escrowed for 12 months, while Black Cat receives a 1% net smelter return royalty. Completion is expected within three months, and the company plans to test a western extension of Northern Zone mineralisation, where modelling shows mineralised shells remain open. Chairman David Lenigas said the acquisition does not affect the timing of the approval for the Mine Development and Closure Proposal (MDCP) for Northern Zone, submitted on September 30, 2026.
- Novo Resources targets Tibooburra drilling as broader gold pipeline advances
Novo Resources (TSX:NVO, ASX:NVO) is preparing a 2,700-metre reverse circulation drilling program at its Tibooburra Gold Project in New South Wales, with drilling at the Clone prospect expected to begin in early November to follow up high-grade gold shoots. At Egina in Western Australia, the company is reviewing geological data after Northern Star Resources withdrew from the earn-in, looking for Hemi-style targets around the Millindinna Intrusive Suite, with an update expected in December. Other plans include a first RC drilling campaign at Teichman in the first half of 2027, aircore drilling at Wyloo in 2027, and a potential 2,500-metre diamond program at Belltopper in the first half of 2027. At September 30, Novo held A$8.5 million in cash and about A$38.1 million in investments, the largest being a 2.39% interest in San Cristobal Mining Inc valued at about A$36.2 million.
- AMLM Signs Earn-In Agreement to Earn Up to 85% Interest in Yuinmery Gold Project, Positioning Company for Significant Exploration Growth
American Lithium Minerals (OTC: AMLM) has signed a binding Farm-In Agreement with Golden Mile Resources Limited that allows it to earn up to an 85% interest in Exploration License E57/1043 in the Youanmi Gold Project region of Western Australia. AMLM can earn an initial 51% by spending A$500,000 on exploration within three years, including an initial A$100,000 commitment, then an additional 34% by spending another A$500,000 within five years. The deal is subject to Golden Mile obtaining regulatory exemptions related to extending the license term, after which AMLM plans a comprehensive gold exploration program. The company describes itself as a multi-commodity critical minerals explorer with 11 active project interests across several countries.
- Medallion reports high-grade drill results at Kundip Mining Centre
Medallion Metals has released final results from its 2026 infill drilling programme at the Gem deposit within the Kundip Mining Centre in Western Australia, where the Ravensthorpe Gold Project is under development. The programme comprised 22 reverse circulation and diamond holes totalling 3,093m across the upper levels, largely confirming earlier high-grade results in zones targeted for early development. Key intercepts included 3m at 17.8 g/t gold and 0.3% copper from 66m, and 2m at 21.3 g/t gold and 0.8% copper from 58m. The company said the results strengthen confidence in the grade, width and geometry of the lodes, and several short-strike lodes were closed off as expected. Project development is progressing, with box-cut excavation at 55% completion, underground development scheduled to start in November 2026, and first underground ore expected in the second quarter of 2027.
Related markets
Latest news
- Why the Democrat blue wave could be a good thing for Apple stock
EvercoreISI analyst Amit Daryanani sees two ways Apple could benefit from the Democratic midterm sweep. First, Apple is a defensive play amid Washington gridlock, since its earnings rely on iPhone mix, pricing and services rather than data-center construction; he sees resilient demand, with gross-margin recovery and price elasticity as key tests. Second, cooling memory chip prices could ease a major headwind: DRAM and NAND inflation was a 140 bps gross-margin headwind for Apple in the December quarter. He also asks whether slower data-center buildouts could temper memory demand and help companies hit by memory inflation. Apple shares rose 0.5% in pre-market trading on Thursday.
- BTC USD Bounces Back to $78,500 After a Democratic Sweep of Congress: Are Traders Really Punishing the Republicans?
Bitcoin dipped to $75,736 overnight as Democrats won both the House and Senate in the US midterms, then rebounded to $78,500 on November 4. The article says the move looks more like traders cutting risk before a widely expected result than selling to punish Republicans: the roughly 1.7% move after polls closed was close to the 1.8% priced into options, and the low sat almost exactly on the 50-week moving average at $75,733. Gold rose 2.6% to $4,044.70 and the dollar index fell 0.5%, moving in the same direction. The cost of the result is seen in Washington, where the crypto market structure bill will likely wait until 2027. Technically, BTC needs a daily close above $78,000 and a move past the 50-day EMA at $80,069 to show the bounce has legs.
- All 46/46 Banks Cut Deposit Rates as Lending Rate Cuts Spread Widely
All 46 commercial banks have cut listed deposit rates by 0.5-0.7% a year for terms of 6 months or longer, creating room to lower lending rates. In late October 2026, new deposit rates fell about 0.4% a year on average and new lending rates fell 0.2-0.5% a year from mid-month, while more than 20 banks announced preferential credit programs cutting rates by 1.5-2% a year. Vietcombank cut up to 3% a year for sectors such as consumer trade and petroleum trade, and Agribank reduced rates on about 200,000 billion VND of existing loans by up to 2.5%. Businesses such as Tôn Thép Việt Pháp said lower interest costs are saving hundreds of millions of VND a month, just as year-end capital demand rises.
- Beleaguered Novo offers relief to investors, thanks to Wegovy pill
Novo Nordisk stock jumped on Wednesday after the Danish drugmaker raised its guidance, citing strong uptake of its weight-loss pill launched earlier this year.
- Bitcoin ETFs lose $1.16B as Bitwise calls selling ‘short-term’
US spot Bitcoin ETFs recorded more than $1 billion in net outflows over three trading days, including $116 million on Tuesday, bringing the total since Friday to $1.16 billion. Bitwise’s head of research André Dragosch attributed the withdrawals to a short-term risk-off environment rather than a structural shift, noting that 15 institutions surveyed had not reduced their exposure during the bear market. He said the outflows followed Binance’s $6.3 billion hack, which raised concerns about investor confidence, but that institutional funds held at Coinbase custody are kept in cold storage, unlike the hot wallets affected at Binance. Outflows slowed from $399 million on Monday and $643 million on Friday, and the Crypto Fear & Greed Index rose to 34 from 26 but stayed in the “Fear” category, while Bitcoin gained about 1.6% to near $78,000.
- More than 20 banks roll out preferential lending packages, cutting rates by 1.5–2%
Deputy Governor Pham Thanh Ha of the State Bank of Vietnam said more than 20 banks have announced preferential credit programs cutting lending rates by 1.5–2% per year for production, business and priority sectors. State-owned and foreign commercial banks have cut listed rates by about 0.5% per year, while joint-stock banks have cut by 0.5–0.7%. As of late October, deposit rates on new deposits fell about 0.4% from the previous month and rates on new loans fell 0.2–0.5%. From November 1, the central bank introduced a 6-month VND swap tool to support medium-term liquidity and said it will take measures against credit institutions that fail to follow the rate-cut directive. The Prime Minister has asked the central bank to strengthen supervision to ensure the rate cuts are substantive.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.