THE DRILL SERGEANT: De Grey Mining reported on preliminary ore sorting test work undertaken on geological samples from the Toweranna gold deposit within the company’s Pilbara gold project in Western Australia. De Grey noted that mineralised quartz and sulphide vein material was efficiently separated from non-mineralised host granitoid and sediments with single pass laser sorting. […]
THE DRILL SERGEANT: Helix Resources (ASX: HLX) has been advised by its Joint Venture partner, Japanese organisation JOGMEC that it has received internal approvals to commit to funding the exploration drilling phase of the Samuel copper project JV. Helix Resources said a US$800,000 ($1.13 million) contribution from JOGMEC will sole-fund a minimum 3,000 metres of […]
THE BOURSE WHISPERER: Magnetic Resources (ASX: MAU) received applications for approximately $3.1 million via a placement of new shares at 28 cents per share. Magnetic Resources had initially sought to raise $2.5 million, but accepted oversubscriptions due to strong demand shown from existing and new shareholders. The company indicated the funds raised will be predominately […]
THE DRILL SERGEANT: Heron Resources (ASX: HRR) reported results of an IP geophysical survey at the company’s wholly-owned Woodlawn zinc-copper project in New South Wales. Heron Resources explained the program consisted of a modern IP survey within the company’s granted mining lease, covering an area of 4 kilometres by 2.4km directly north of the Woodlawn […]
THE DRILL SERGEANT: Galan Lithium (ASX: GLN) is currently drilling the fifth drill hole at the company’s Candelas lithium brine project located on the Hombre Muerto salar in Argentina. Galan Lithium said that field measurements indicate that the upper levels of a brine bearing aquifer have been encountered by the hole and that the geological […]
THE DRILL SERGEANT: Matsa Resources (ASX: MAT) received results from diamond and RC drilling undertaken at Fortitude North within the company’s Lake Carey gold project in the Eastern Goldfields of Western Australia. Matsa Resource’s recent drilling at Fortitude North has indicated a primary gold mineralised zone that dips moderately towards the east northeast and remains […]
THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) has been encouraged by new drilling results achieved at the company’s 100 per cent-owned Ulysses gold project, south of Leonora in Western Australia. Genesis Minerals is currently progressing a multi-pronged exploration program at Ulysses targeting depth extensions of the main 760,000-ounce Mineral Resource in parallel with an expanding […]
THE DRILL SERGEANT: Carawine Resources (ASX: CWX) has kicked off a major geophysical program at the company’s Paterson project located in the Paterson Province of Western Australia. In February this year, Carawine Resources announced the identification of six priority target areas at the Red Dog and Baton projects from a combination of historic drill and […]
THE BOURSE WHISPERER: Metalicity (ASX: MCT) has entered a farm-in agreement with Nex Metals Explorations (ASX: NME) for the Kookynie and Yundamindra projects in the Eastern Goldfields of Western Australia. Metalicity said exploration to commence during May with drilling planned for June quarter. Metalicity, as part of the Farm-In, is required to initially spend a […]
THE DRILL SERGEANT: Todd River Resources (ASX: TRT) received assay results from an ongoing drilling program at the company’s 100 per cent-owned Mt Hardy copper-zinc project in the Northern Territory. Todd River Resources has planned approximately 5,000 metres of Reverse Circulation (RC) and diamond drilling as part of its current phase of exploration, targeting strike […]
