THE DRILL SERGEANT: Southern Gold (ASX: SAU) received results from the first pass scout drilling program undertaken at the Lotus North and Hand of Faith prospects at the company’s Beopseongpo project in South Korea. Southern Gold said the drilling had confirmed major epithermal system at Beopseongpo with best results achieved at the Hand of Faith […]
THE BOURSE WHISPERER: Nusantara Resources (ASX: NUS) has entered into a non-binding term sheet with strategic partner, PT Indika Energy Tbk providing financing for the company’s Awak Mas gold project. Indika Energy is to invest up to USD $40 million into Nusantara’s wholly-owned subsidiary PT Masmindo DWI Area (Project Company), in two stages and subject […]
THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) announced the completion of its Joint Venture for joint battery marketing operations with China-based battery and energy storage specialists the DLG Group (DLG). Lithium Australia said the new enterprise will be an incorporated JV venture with it holding 50 per cent interest and DLG the same. The JV […]
THE DRILL SERGEANT: Cassini Resources (ASX: CZI) is set to commence a program of diamond drilling at the company’s 80 per cent-owned Yarawindah Brook project located near New Norcia in Western Australia. Cassini Resources declared the project as being prospective for nickel, copper, cobalt and PGE’s, adding that the drilling program will target two separate […]
THE BOURSE WHISPERER: Independence Group (ASX: IGO) rattled the boards of the ASX in November when it declared its intention to make an off-market takeover offer to acquire all of the ordinary shares of Panoramic Resources (ASX: PAN) it does not already own. At the date of the announcement, Independence Group’s interest in Panoramic consisted […]
THE BOURSE WHISPERER: To quote The Eagles, “It seems like a dream now, it was so long ago”, but it was only in March this year the Middle Island Resources (ASX: MDI) provided Alto Metals (ASX: AME) shareholders something to ponder by announcing its intention of an all scrip off‐market take‐over offer for all the […]
Breaker Resources Launches Bombora Drill Campaign THE DRILL SERGEANT: Breaker Resources (ASX: BRB) has commenced a major reverse circulation (RC) and diamond drilling program designed to grow the one million-ounce Bombora Resource within the company’s Lake Roe gold project, east of Kalgoorlie in Western Australia. Ausgold Commences RC Drilling at Katanning THE DRILL SERGEANT: […]
THE DRILL SERGEANT: Breaker Resources (ASX: BRB) has commenced a major reverse circulation (RC) and diamond drilling program designed to grow the one million-ounce Bombora Resource within the company’s Lake Roe gold project, east of Kalgoorlie in Western Australia. Breaker Resources indicated the main focus of the drilling will be on extensions and discovery outside […]
THE DRILL SERGEANT: Ausgold Limited (ASX: AUC) is spending its recently-raised $2.4 million on an exploration drilling program at the company’s 100 per cent-owned Katanning gold project in Western Australia. Ausgold has kicked off the program with the drilling of 20 Reverse Circulation (RC) holes for 2,500m, which it expects to be completed during December. […]
THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) completed a review of historic data that it claims has confirmed thick high-grade massive nickel sulphide mineralisation at the company’s recently-acquired Leinster project in Western Australia. Auroch Minerals said the review involved recalculation of important intersections for all historic drill-holes undertaken at the Horn prospect, several of which […]
