THE DRILL SERGEANT: Breaker Resources (ASX: BRB) has hit shallow, high-grade gold mineralisation with reconnaissance reverse circulation (RC) drilling between the Bombora and Bombora North discoveries at the company’s Lake Roe project, east of Kalgoorlie. According to Breaker Resources the objective of the RC drilling, which is still underway, is to test a 1.2 kilometre […]
THE DRILL SERGEANT: MOD Resources (ASX: MOD) declared it is on track to completion of a maiden Resource estimate at the company’s T3 copper-silver deposit in Botswana. The T3 prospect forms part of a Joint Venture between MOD Resources (70%) and AIM-listed Metal Tiger (30%) in the Kalahari Copper Belt. MOD explained the resource model […]
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has received more encouraging results, this time from a recently completed regional aircore (AC) drilling program over South Yamarna Joint Venture (SYJV) tenements at the Riviera‐Smokebush and Breelya‐Toppin Hill camp‐scale targets. The SYJV is owned 50:50 by Gold Road and Sumitomo Metal Mining Oceania Pty Limited. The […]
THE DRILL SERGEANT: Torian Resources (TNR: ASX) released the first results from RC drilling underway at the company’s Mt Stirling Well project, located northwest of Leonora in Western Australia. The initial round of 48 holes were designed to step out laterally from the area previously drilled to determine the strike extent of the mineralisation. Highlights […]
THE DRILL SERGEANT: Investigator Resources (ASX: IVR) is following up the recently announced discovery of a large porphyry system with copper-gold potential at the centre of the company’s Paris silver field on the northern Eyre Peninsula in South Australia. The company indicated it will be drilling two new holes in October, also with government funding […]
THE BOURSE WHISPERER: Rox Resources (ASX: RXL) has come to an agreement with farm-in, and potential Joint Venture partner, Arafura Resources (ASX: ARU). The companies have agreed to extending Rox’s stage 2 earn-in period on the Bonya project by one year. Rox is earning-in to the Bonya project via a Farm-in and Joint Venture Agreement […]
THE BOURSE WHISPERER: Peel Mining (ASX: PEX) announced the finalisation of terms for a share placement for the issue of new shares in the company to raise approximately $3 million. The company said the placement of new shares is being completed at current market pricing of 16 cents per share to sophisticated investors. Peel outlined […]
Investigator Resources (ASX: IVR) remained patient throughout the mineral resources downturn as it waited for silver to be revitalised. The wait has been rewarded with the silver price enjoying a considerable run since the beginning of 2016 from around the US$14 per ounce mark to be currently hovering between the regions of US$19 to US$20 […]
THE INSIDE STORY: The global nickel sector became an unwitting beneficiary when the Philippines overwhelmingly elected its new president, Rodrigo Duterte, in June. Soon after coming to power Duterte announced a campaign against irresponsible mining in the country, which has already resulted in the suspension of around 10 per cent of the country’s nickel ore […]
THE DRILL SERGEANT: Minotaur Exploration (ASX: MEP) is drilling for copper and other base metals in two highly endowed geological provinces; the Olympic Dam domain in South Australia and around Cloncurry in Queensland. The Adelaide-based explorer is undertaking both programs with OZ Minerals (ASX: OZL) under differing arrangements for each. The drilling is testing geophysical […]
