THE DRILL SERGEANT: Southern Gold (ASX: SAU) has commenced diamond drilling at the Kochang gold project in South Korea, just 10 days after it announced the acquisition of the assets. Southern Gold explained Kochang is one of a number of multiple high-grade gold projects in South Korea, and the first of the company’s projects to […]
THE DRILL SERGEANT: Carbine Resources (ASX: CRB) announced the first of four Indicated Resources to be determined as part of the final stages of the Definitive Feasibility Study (DFS) on the company’s Mt Morgan gold-copper project in Queensland. This first updated Mineral Resource is for the Mt Morgan’s No 2 Mill tailings dump, which Carbine […]
THE BOURSE WHISPERER: Potash West (ASX: PWN) resumed trading after the announcement of a completed placement, managed by State One Equities, to institutional, professional and sophisticated investors, raising $1.7 million by issuing 57 million shares at 3 cents each. Potash West said it had received applications for well over $3 million, which it indicated would […]
THE INSIDE STORY: Some big joint venture partners are backing Peel Mining’s low cost Cobar Basin copper-led polymetallic expansion, with gold thrown in as a valuable hedge. By Mark Mentiplay Peel Mining (ASX: PEX) is confident it has stamped its foot on the best parts of Australia’s rich and prolific polymetallic Cobar Basin in New […]
THE INSIDE STORY: The Night Train deposit looks set to boost Sheffield Resources’ (ASX: SFX) world-class, 3.2 billion tonne high-grade Thunderbird heavy minerals project in Western Australia. By Mark Mentiplay The Night Train discovery added a new expansionist dimension to Sheffield Resources’ already world-class, zircon-rich, 683 million tonnes, 11.3 per cent heavy minerals (HM) reserve […]
THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) has completed re-sampling of diamond drill core from the Two Mile Hill (2MH) banded iron formation (BIF) at the company’s newly-acquired Sandstone gold project in Western Australia. Middle Island said the review had confirmed broad widths of high-grade gold at the priority underground target. New Middle Island […]
THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has identified multiple gold targets at the company’s 100 per cent-owned Mount Squires project, which is contiguous with the West Musgrave project in Western Australia. Cassini intimated it has been developing the Mount Squires project over the past 12 to 18 months through consolidation of tenements with a […]
THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has received results of preliminary metallurgical testwork for the company’s Loma Bonita gold prospect in Mexico. The work involved industry standard bottle roll tests, undertaken at the laboratories of Kappes, Cassiday and Associates in Reno, Nevada, USA. The testwork focused on two different size fractions, comprising ground and […]
THE DRILL SERGEANT: MOD Resources (ASX: MOD) has identified a number of new copper anomalies in the Kalahari Copper Belt of Botswana. The company said it had identified the anomalies from a regional soil sampling campaign. The three regional targets of interest (T2, T9 and T10) are located north of the T3 deposit in the […]
THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) claims to have identified a new untested gold target named Purple Rain, located two kilometres south-west of the Break of Day high-grade gold prospect at the company’s Cue project in the Murchison region of Western Australia. Musgrave said it identified the new target through analysis of historical data. […]
