THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) announced the intersection of high-grade gold mineralisation during resource upgrade drilling at the company’s 100 per cent-owned Ulysses gold project, located south of Leonora in Western Australia. Genesis Minerals is conducting the drilling within and adjacent to the 760,000-ounce Ulysses Mineral Resource at the Ulysses project. The company […]
THE BOWSER: Triangle Energy (ASX: TEG) has raised $3.6 million having received commitments from both professional and sophisticated investors. Triangle Energy said the investors had collectively subscribed for 48 million new ordinary shares at 7.5 cents per new share. In the company’s announcement to the Australian Securities Exchange, managing director Rob Towner said funds raised […]
THE DRILL SERGEANT: Exore Resources (ASX: ERX) encountered high-grade, free-milling gold when drilling the first hole drilled into fresh rock at the Veronique gold discovery within the company’s Bagoe project in northern Cote d’Ivoire. Exore had announced results from initial AC drilling at Veronique in March 2019. The company’s recent drilling has consisted broad spaced […]
THE DRILL SERGEANT: It appears explorers are out doing what they’re best known for – that being exploring, according to the latest Mineral and Petroleum Exploration census from the Australian Bureau of Statistics. The boffins in the counting house released their Mineral and Petroleum June 2019 Quarterly Statistics that show total mineral exploration expenditure increased […]
THE BOURSE WHISPERER: Consolidated Zinc (ASX: CZL) announced it has entered into a Binding Term Sheet with Retec Guaru S.A. de C.V. Under the terms of the agreement, Consolidated Zinc will acquire the remaining 10 per cent interest, currently held by Retec, in the company’s 90 per cent-owned subsidiary Minera Latin American Zinc S.A.P.I de […]
THE BOWSER: Comet Ridge (ASX: COI) updated the market on the progress of drilling operations at the Albany 2 well in the Galilee Basin. The well is being drilled as part of the Galilee Deeps Joint Venture (GDJV) 2019 drilling program with Vintage Energy (ASX: VEN). Comet Ridge has taken further core (Cores #2 & […]
THE DRILL SERGEANT: Ardea Resources (ASX: ARL) announced a new JORC 2012-compliant Indicated and Inferred Mineral Resource estimate, for the company’s Lewis Ponds gold-silver-zinc-lead-copper deposit near Orange in New South Wales. Ardea reported the new JORC 2012 Mineral Resource for the Volcanic hosted massive sulphide (VHMS) Lewis Ponds project, comprising Indicated and Inferred Mineral Resources, […]
THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported, what the company described as, “a highly encouraging assay result. Musgrave Minerals reported the result from recent extensional drilling at the Break of Day deposit, part of the company’s Cue gold project in the Murchison district of Western Australia. Assays from a single reverse circulation (RC) drill […]
THE BOURSE WHISPERER: Middle Island Resources (ASX: MDI) informed the market that Vancouver-based Tajiri Resources Corporation (TSXV: TAJ) has exercised its option to fully acquire Middle Island’s Reo gold project in Burkina Faso, West Africa. Middle Island said the completion of the transaction resulted from Tajiri’s payment to Middle Island of the final US$150,000 Option […]
THE DRILL SERGEANT: St George Mining (ASX: SGQ) announced a new discovery of high-grade nickel-copper sulphides at its flagship Mt Alexander project, located in the north-eastern Goldfields. St George Mining said the first drill hole – MAD152 – at the newly named Radar prospect intersected nickel-copper sulphide mineralisation between 44.2 meyres and 51.7m downhole including […]
