IN THE LOBBY: Western Australia Treasurer Ben Wyatt provided a nasty shock for gold miners as he handed down his first state budget. Leading up to the budget, Premier Mark McGowan claimed more than $5 billion in revenue has been lost since February’s pre-election financial statement, which showed a $3 billion deficit and $33.2 billion […]
Peel Mining Continues Drilling Hits at Wagga Tank and Wirlong THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported further encouraging results from several of the company’s key prospects, located near Cobar in western New South Wales. Peel Minong explained recent drilling results from its 100 per cent-owned Wagga Tank prospect relate to RC/diamond drilling aimed […]
THE DRILL SERGEANT: Pacific Bauxite (ASX: PBX) has identified three high-grade bauxite targets from a recently completed reconnaissance sampling program at the company’s South West New Georgia bauxite project (SWNG) in the Western province of the Solomon Islands. Pacific Bauxite outlined the reconnaissance sampling program to include 199 hand-auger drill holes and 40 shallow test-pits, […]
THE BOURSE WHISPERER: Rumble Resources (ASX: RTR) has signed a binding option agreement to acquire up to 70 per cent of the Barramine copper-lead-zinc-silver project in Western Australia. Rumble Resources said the binding option agreement allows it to complete due diligence for up to three months, after which time it may elect to enter a […]
THE DRILL SERGEANT: Rox Resources (ASX: RXL) has commenced an aircore drilling program at the company’s Collurabbie project, north of Laverton in Western Australia. Rox Resources said the drilling is scheduled to comprise 6,000 metres, and will test a number of targets located within the company’s tenements. “This will be our first on-ground exploration at […]
THE BOURSE WHISPERER: Middle Island Resources (ASX: MDI) declared it had received “exceptional results” from a preliminary metallurgical testwork program undertaken on the Two Mile Hill tonalite deeps mineralisation at the company’s 100 per cent- owned Sandstone gold project in Western Australia. Middle Island said recent metallurgical testwork results had indicated gold recoveries of 93 […]
THE BOURSE WHISPERER: Australian Potash (ASX: APC) provided a progress report on exploration at the company’s Yamarna gold project, north-east of Laverton in Western Australia’s Eastern Goldfields. The Australian Potash tenements cover an estimated 65 kilometres of strike, 60 kilometres north-west of the 6-million-ounce Gruyere mine development of neighbour Gold Road Resources (asx: GOR). APC […]
THE BOURSE WHISPERER: Metallica Minerals (ASX: MLM) has executed a Sale and Purchase Agreement with Australian Mines (ASX: AUC) for the SCONI cobalt-nickel-scandium project in North Queensland. Metallica Minerals said the $10 million cash and shares sale covers 100 per cent of the project tenements to Australian Mines, superseding a Farm-in and Joint Venture Agreement […]
THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported the best intersection achieved to date at the Break of Day deposit on the company’s Cue project in the Murchison region of Western Australia. Musgrave Minerals said the intersection was amongst in the first assay results received from a current extensional reverse circulation (RC) drilling program being […]
THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has identified a second zone of gold stock-work mineralisation at the company’s Telfer West gold project in Western Australia. Encounter Resources said the new zone is located 800 metres south-east of the Egg prospect where two previous RC holes encountered gold mineralisation. Encounter completed an RC Drilling program […]
