THE DRILL SERGEANT: Helix Resources (ASX: HLX) has kicked off a program of diamond and aircore drilling on three gold prospects at the company’s Cobar gold project in New South Wales. Helix has identified a number of gold targets at the Cobar gold project through soil geochemistry and previous drilling, which returned high-grade, near surface […]
THE BOURSE WHISPERER: Orinoco Gold (ASX: OGX) provided the market with an update on operations at the company’s 70 per cent-owned Cascavel gold mine in central Brazil. Orinoco said plant commissioning at Cascavel is nearing completion as the ramp-up of commercial gold production moves closer. The company declared the commissioning of the Cascavel processing circuit […]
THE DRILL SERGEANT: St George Mining (ASX: SGQ) announced the intersection of additional massive nickel‐copper sulphide mineralisation at the Cathedrals prospect within the company’s Mt Alexander project in Western Australia. St George completed hole MAD35 to a downhole depth of 95.4m, intersecting: 4.18 metres, from 60 to 64.18m, of ultramafic with disseminated, blebby and some […]
THE BOURSE WHISPERER: Rox Resources (ASX: RXL) has accepted a revised offer from Marindi Metals (ASX: MZN) for the company’s interest in the Reward zinc-lead project. Having fielded a number of competing offers, Rox ultimately accepted Marindi’s revised $21 million offer for Reward. The principal commercial terms of the offer include: Cash of $8 million; […]
THE DRILL SERGEANT: As Blackham Resources (ASX: BLK) gets closer to first gold production from the company’s Matilda gold project in Western Australia, the company has announced encouraging results from underground drilling at the Bulletin mine. Blackham said drilling from the Bulletin Decline has continued to produce excellent results between the historical stopes including: BUUD0036 […]
THE BOURSE WHISPERER: Lithium Australia (ASX-LIT) announced that the Western Australian Government, under the guidance of the Minerals Research Institute of Western Australia (MRIWA), has approved a grant of $195,632. The grant is in regards to MRIWA Application M479: Solution purification and valuable by-products formation during the production of battery-grade lithium and relates to Lithium […]
THE BOURSE WHISPERER: Evolution Mining (ASX:EVN) has entered into a binding agreement with Chinese company Minjar Gold Pty Limited to sell the company’s Pajingo gold mine and surrounding exploration tenements in North Queensland. The total proceeds from the deal will be up to $52 million, consisting of a $42 million upfront cash payment and a […]
THE DRILL SERGEANT: Vimy Resources (ASX: VMY) announced the Environmental Protection Authority (EPA) has recommended approval of the company’s Mulga Rock project (MRP) in Western Australia. Vimy said the EPA has assessed the company’s proposal and prepared an Assessment Report that has been sent to the Minister as required under the Western Australian Environmental Protection […]
THE DRILL SERGEANT: MOD Resources (ASX: MOD) has encountered encouraging copper mineralisation from the first two shallow RC drill holes the company has drilled at new target, T2, located 20 kilometres north of T3 in the Kalahari Copper Belt, Botswana. MOD explained T2 is part of a Joint Venture between MOD Resources (70%) and AIM-listed […]
THE BOURSE WHISPERER: St George Mining (ASX: SGQ) completed a private placement of shares, which raise $6.47 million. According to St George the placement was heavily oversubscribed, which it claimed to be a reflection of the strong investor interest that has been created by the recent results the company has achieved from its ongoing exploration […]
