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Encounter Resources (ASX:ENR) has commenced diamond drilling at Lamil and East Thomson’s Copper and Gold Projects in the Paterson Province of WA.

24 May 2021 (Last Updated May 24th, 2021 15:55) BHP has entered a farm-in and joint venture agreement with Encounter Resources for the Elliott project. Share Article BHP has exercised its option to sign a farm-in agreement with Encounter Resources for the Elliott copper project in Australia’s Northern Territory (NT). The two firms also signed a joint venture (JV) agreement to undertake an exploration programme, including seismic surveys and drilling. Under the farm-in and JV agreement, BHP will spend $17m (A$22m) over a period of ten years. ...

  · 3D inversion of the Red Setter ultra-detailed magnetics has delineated 3 highly magnetic bodies over an expanded area now covering 3km x 1km. · Largest individual priority 1 magnetic target has a 1500m strike length with a width of 400m and starts at around 75m from surface. · Magnetic survey reveals that all magnetic targets are much shallower than 150m-250m depth previously modelled. · The relatively shallower target depth is strongly advantageous both from an exploration and future development potential perspective. ...

Newcrest backs out of West Tanami JV Newcrest Mining has withdrawn from the Selby, Watts and Lewis joint ventures (JVs) in Western Australia with Encounter Resources. Newcrest has been funding the West Tanami exploration program on behalf of Encounter Resources across the Selby, Watts and Lewis tenements. For the past 24 months, Newcrest has completed an 18,400-kilometre line airborne magnetic survey, heritage clearances and broad spaced reverse circulation drilling in the area. The gold miner now holds no residual interest in West Tanami. With Encounter Resources regaining full control of th...