THE INSIDE STORY: Tyranna Resources emerged from the merger of Ironclad Mining and Trafford Resources as a new company focused on gold and advancing the company’s Jumbuck gold project in South Australia. Tyranna Resources is manager of the Western Gawler Craton Joint Venture (WGCJV) with the owner-operator of the Challenger gold mine, WPG Resources (ASX: […]
THE INSIDE STORY: Rox Resources (ASX: RXL) is happily perched on the nest egg of cash it received after divesting the company’s interest in the Reward zinc project in the Northern Territory. Rox Resources completed the sale of Reward to Teck Australia Pty Ltd earlier this year, banking around $16 million with another $3.75 million […]
THE DRILL SERGEANT: Venture Minerals (ASX: VMS) has claimed discovery of a large VMS (Volcanogenic Massive Sulphide) style target within the company’s southwest tenement package, located south of Perth in Western Australia. Venture Minerals said the prospect, known as Thor, hosts a 400-hectare surface geochemical anomaly situated kilometres from historic drilling containing VMS style massive […]
THE DRILL SERGEANT: WPG Resources (ASX: WPG) described recent gold assays from the first hole in the company’s Challenger Deeps drilling program as ‘highly encouraging’. WPG Resources explained the hole (17CUD2071) was designed to target the M1, Aminus and Challenger West lodes. The company said the assay results it had received for this drill hole […]
THE DRILL SERGEANT: Peel Mining (ASX: PEX) announced the best copper intercept it has reported to date at the company’s 60 per cent-owned Wirlong prospect near Cobar in western New South Wales. Peel Mining said the intercept of 17 metres at 4.59 per cent copper and 8 grams per tonne silver from 738m, achieved in […]
THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) received a further eleven drill holes from a reverse circulation (RC) drilling program at the Lena gold prospect on the Cue project in the Murchison region of Western Australia, a Joint Venture with Silver Lake Resources (ASX: SLR). Musgrave Minerals said the latest results are encouraging and support […]
THE BOURSE WHISPERER: Avalon Minerals (ASX: AVI) has signed a Binding Letter Agreement with Cornerstone Capital Resources through its subsidiary La Plata Minerales S.A. (PLAMIN). Avalon Minerals will have the right to earn a majority interest in the 4,949 hectare Bramaderos concession in southern Ecuador, subject to satisfaction of certain conditions. Avalon said the Bramaderos […]
THE DRILL SERGEANT: Image Resources (ASX: IMA) announced a 39 per cent increase in the total tonnes of ore reserves for the company’s 100 per cent-owned Boonanarring minerals sand project in the North Perth Basin of Western Australia. Image Resources explained the increase in ore reserves follows drill results the company achieved earlier this year, […]
THE DRILL SERGEANT: Alliance Resources (ASX: AGS) released results from reverse circulation (RC) drilling underway at Targets 1 and 2 at the Weednanna gold prospect, part of the Wilcherry Project Joint Venture in South Australia between Alliance (51%) and Tyranna Resources (ASX: TYX) (49%). Alliance Resources explained the RC drilling program was designed to test […]
THE BOURSE WHISPERER: Sheffield Resources (ASX: SFX) signed a further memorandum of understanding (MoU) for the future sale of premium zircon from the company’s Thunderbird mineral sands project in Western Australia. Sheffield Resources said the non-binding MoU was signed with Sukaso Ceracolors Pvt Ltd, India’s largest ceramic raw materials supplier and will account for approximately […]
