WA-focused gold exploration and development company Classic Minerals is pleased to announce that it has successfully completed a Placement to raise $1.8 million before costs. The raising received significant demand from new domestic and international shareholders and was managed by leading Perth and Sydney-based stock broking firms. Highlights: - $1.8 million raised via Placement to institutional and sophisticated [...]
During the quarter, Classic Minerals completed two successful drill campaigns at the Forrestania Gold Project in Western Australia which returned consistently high-grade results. These results highlighted significant potential to expand current Mineral Resource estimate at FGP. The Company is looking forward to continuing its developments at the Forrestania Gold Project and Fraser Range during the 1st Quarter and aims to [...]
WA-focused gold exploration and development company Classic Minerals is pleased to announce that it has received assays results from its recent RC drilling program at its Forrestania Gold Project in Western Australia. In this round of drilling, the Company has drilled a total of 22 holes for 1,990m - 12 holes for 1052m at Kat Gap and 10 holes for 938 metres at Lady Magdalene with the aim of improving/increasing known [...]
WA-focused gold exploration and development company Classic Minerals Ltd. is pleased to announce that it has entered into an innovative agreement with Australia's national science agency CSIRO to investigate the relationship between tree size and gold mineralisation at its Forrestania Gold Project in Western Australia. Highlights: - Classic and CSIRO enter into agreement to undertake study of tree size in Forrestania and [...]
WA-focused gold exploration and development company Classic Minerals is pleased to announce that it has commenced RC drilling at its Forrestania Gold Project in Western Australia. Highlights: - ~3000m of RC drilling underway at Kat Gap, Lady Lila, Lady Magdalene and Van Uden West - Assay results expected early July - Targeting high grade cross-cutting lodes at Lady Magdalene - Follow up drilling targeting high grade zones [...]
WA-focused gold exploration and development company Classic Minerals is pleased to announce that it has successfully completed the first stage of the Two Tranche Placement to raise $1.0 million before costs. The raising received significant demand from new domestic shareholders and was managed by leading Perth and Sydney-based stock broking firms. The Placement leaves Classic well positioned to commence an aggressive [...]
WA-focused gold exploration and development company Classic Minerals is pleased to announce that it has received assays results from its recent RC drilling program at its Forrestania Gold Project in Western Australia. Highlights: - Compelling new gold discovery at Van Uden West: Results include 12m at 5.75 g/t Au from 59m including 1m at 25.60 g/t Au from 59m in VUWRC002 - New discovery covered by thin veneer of [...]
During the quarter, Classic Minerals completed 2 orientated diamond drill holes at Lady Magdalene and advised the market of the Phase 2 RC drill results from the Forrestania Gold Project in Western Australia which returned high-grade results from outside the current Scoping study pit design. These results highlighted significant potential to expand current Mineral Resource estimate at FGP. The Company entered into a MOU [...]
WA-focused gold exploration and development company Classic Minerals is pleased to provide an update on its Fraser Range Ni-Cu project in WA. Highlights: - Contiguous Cobalt surface mineralisation at Rubys Reward - Further data review underway with onsite mapping and additional sampling to occur following completion of current FGP drilling program - Aircore Drilling planned once final Govt approvals received 1 [...]
WA-focused gold exploration and development company Classic Minerals is pleased to announce that it has commenced RC drilling at its Forrestania Gold Project in Western Australia. Highlights: - RC drilling program underway at Van Uden West, Lady Lila and Kat Gap - Target areas untouched for 18 years - Assay results expected early May - Drilling to recommence at Lady Magdalene once final Govt approvals received 1 [...]
WA-focused gold exploration and development company Classic Minerals Limited is pleased to announce that it has been granted 1 tenement and has won the ballot process for 2 tenement applications at its Forrestania Gold Project in Western Australia. Highlights: - Classic Minerals secures strategic land holding in proven gold and lithium region - New tenements add ~50 km2 to existing ~450 km2 holding bringing total area to [...]
Classic Minerals is pleased to advise that it has completed a Scoping Study based on the Inferred and Indicated Mineral Resource at its 80% owned Forrestania Gold Project, located approximately 120 km south of Southern Cross, WA and 17 km southwest of the historic Bounty Mine site. This Scoping Study refers to the Lady Ada (formally referred to as Blue Haze) and Lady Magdalene (formally Red Haze) deposits.
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