Auric Mining and Talisman Mining report positive gold exploration results in Australia
Auric Mining (ASX:AWJ) announced that a scoping study for its Burbanks processing plant and the Munda gold deposit in Western Australia's Goldfields region delivered positive outcomes. The study shows a clear pathway for Auric to become a standalone integrated gold producer, with the Munda starter pit providing 202,000 tonnes at 1.84 g/t gold and cash flow forecasts supporting future growth and potential regional consolidation.
Talisman Mining (ASX:TLM) reported encouraging drill results from the Sheepyard prospect, part of its Walkers Hill gold project in New South Wales. Recent air‑core drilling intersected broad zones of shallow gold mineralisation over an unconstrained 800 m strike, aligning with a large IP chargeability anomaly within a 5.5 km soil anomaly. The company plans additional air‑core and reverse‑circulation drilling to extend the footprint and test deeper targets.
Entities: Auric Mining · Burbanks processing facility · Munda gold deposit · Sheepyard prospect · Talisman Mining