THE INSIDE STORY: Mustang Resources (ASX: MUS) stands out from the regular pack of ASX-listed mining companies, simply due to its choice of focus commodity…rubies. Mustang Resources is developing the Montepuez ruby project in Mozambique, which is producing world-class rubies expected to generate strong cashflow through rough ruby sales. Mustang recently ramped up ruby recoveries […]
THE INSIDE STORY: Aeris Resources (ASX: AIS) is currently working through a two year, $7.5 million strategic greenfields exploration program at the company’s 100 per cent-owned Tritton Copper Operations in New South Wales. Aeris Resources commenced the program in July 2016, which is exploring for deeper/concealed mineralised systems within the known Tritton and Kurrajong stratigraphic […]
THE DRILL SERGEANT: Pacific Bauxite (ASX: PBX) has completed its first phase of exploration at the company’s South West New Georgia bauxite project (SWNG) in the Western province of the Solomon Islands. Pacific Bauxite carried out a reconnaissance sampling program including 185 hand-auger drill holes and 26 shallow test-pits at the project, which it said […]
THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has received assay results from a Phase 3 drilling program at the Fraser Lake Complex (FLC), near the company’s 100 per cent-owned Lynn Lake nickel-copper-cobalt Mining Centre in Canada. Corazon Mining has been conducting large mineralised system exploration at the FLC since December 2016, which has included drilling, […]
THE DRILL SERGEANT: Southern Gold (ASX: SAU) has encountered very high-grade gold results from a 31 hole Reverse Circulation (RC) drill program undertaken at the company’s Cannon gold mine near Kalgoorlie in Western Australia. Southern Gold explained the drilling had been undertaken from the open pit access ramp to define and extend high-grade gold zones […]
THE DRILL SERGEANT: Silver City Minerals (ASX: SCI) has commenced drilling at the company’s high-grade Copper Blow project south of Broken Hill. Silver City Minerls said the drilling program will include both reverse circulation (RC) and diamond drilling (DD) and total approximately 2,600 metres. The company outlined its current plan to be to drill ten […]
THE DRILL SERGEANT: Alto Metals (ASX: AME) claimed to have identified the Havilah-Maninga Marley prospect at the company’s 100 per cent-owned Sandstone gold project in Western Australia to have high-grade gold drill intercepts over a strike of 1,500 metres. Alto Metals said the identification stemmed from a compilation of previous explorers’ data the company is […]
THE DRILL SERGEANT: Alliance Resources (ASX: AGS) announced drilling results from a reverse circulation (RC) drilling program at the Weednanna gold prospect in South Australia. The Weednanna prospect is part of the Wilcherry Project Joint Venture between Alliance and Tyranna Resources (ASX: TYX). The RC drilling program was completed in June and was designed to […]
IN THE LOBBY: The Western Australia Government announced its intention to continue funding the $10 million a year Exploration Incentive Scheme. One of the more successful initiatives of the previous government, the EIS provides refunds to exploration companies to cover up to 50 per cent of the costs entailed for selected drilling projects. The […]
WHAT THE ANALYSTS SAY: The boys at Breakaway Research run the ruler across Silver City Minerals’ copper potential and Image Resources’ minerals sands project. Analyst: Breakaway Research Website: www.breakawayresearch.com Company: Silver City Minerals Limited Silver City Minerals (ASX: SCI) has a reputation as a solid explorer in the Broken Hill region with an extensive tenement […]
