THE BOURSE WHISPERER: King Island Scheelite (ASX: KIS) announced an Off-take Agreement for tungsten concentrate with Wolfram Bergbau und Hutten AG, a wholly owned subsidiary of Sandvik AB. King Island Scheelite said the Wolfram Agreement is for the delivery of 140,000 metric tonne units (mtu) or 1,400 tonnes of tungsten oxide, over a four-year period. […]
THE DRILL SERGEANT: Galileo Mining (ASX: GAL) declared final drilling and petrology results from maiden aircore drilling carried out at the company’s Lantern prospect within the Fraser Range province in Western Australia. Galileo Mining declared the latest nickel assays have confirmed the highly prospective nature of the Lantern area. Petrography -the scientific description of rock […]
COMMODITY CAPERS: According the Office of the Chief Economist, gold prices are projected to rise gradually over the next five years, to an average US$1,428 an ounce (2019 dollars) in 2024. This is predicted to maintain gold’s status as a haven asset and in turn fuel investor demand over the short term as world mine […]
THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) has completed a round of Reverse Circulation and diamond drilling over the Whatling Hill project within the company’s Fifield tenement in New South Wales. Emmerson Resources reported that drill hole WHDD002 intersected 14 metres of chalcopyrite-pyrite-quartz veins and stockworks 194m down the hole. Drill hole WHDD001 encountered sporadic […]
THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announced highly conductive brines have been intercepted in the third drillhole at the company’s Candelas lithium brine project located on the Hombre Muerto salar in Argentina. Galan Lithium said field measurements had indicated the upper levels of a brine bearing aquifer were encountered in the third drillhole to […]
THE BOURSE WHISPERER: Cassini Resources (ASX: CZI) received further support for the company’s West Musgrave project (WMP) from a $7 million placement to institutional, sophisticated and strategic investors. Cassini Resources said the funds from the placement will be used for working capital throughout the feasibility study stages of the WMP and to progress its exploration […]
THE DRILL SERGEANT: Spectrum Metals (ASX: SPX) released first assay results from drilling carried out below the open pit at the company’s Penny West deposit, south of the Youanmi mining center in Western Australia. Spectrum Metals has received assay results from eight holes drilled beneath the open pit that encountered high-grade gold intercepts, including: SPWRC006 […]
THE DRILL SERGEANT: Alliance Resources (ASX: AGS) announced results of the latest round of reverse circulation (RC) drilling at the company’s Weednanna gold deposit on the Eyre Peninsula, South Australia. Alliance Resources said the results from this latest round of drilling program had continued to grow the size of the Weednanna deposit outside of the […]
THE BOURSE WHISPERER: VRX Silica (ASX: VRX) announced it has received commitments for a capital raising via a share placement to professional and sophisticated investors to raise approximately $2.26 million before costs. VRX Silica said the placement received strong support from a range of sophisticated and institutional investors together with existing shareholders and will result […]
THE DRILL SERGEANT: Cygnus Gold (ASX: CY5) is set to commence drilling targeting the recently identified Kepler Zone at the company’s Stanley project in the Wheatbelt of Western Australia. Cygnus Gold identified the Kepler Zone via a detailed review of earlier Cygnus drillhole STRC0002, drilled in late 2018 that ended in mineralisation with resampling of […]
