THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has received results from a recently-completed maiden drilling program carried out at the company’s 100 per cent-owned West Arunta project in Western Australia. The drilling is the first ever drill program conducted for sedimentary zinc at the West Arunta project and targeted two ferruginous outcrops with the aim […]
Gold Group preparing for big run at Diggers & Dealers OUT AND ABOUT: The Roadhouse was rubbing shoulders with the mining industry hoi polio last week when we attended the Gold Industry Group’s inaugural industry networking event. The soiree was held at The Perth Mint and was attended by the Western Australia Minister for Mines […]
THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has encountered high-grade copper mineralisation during a recently completed surface rock-chip sampling program at the company’s newest undertaking, the Mount Gilmore cobalt-copper-gold project in New South Wales. “A total of 76 rock-chip samples were taken within the project and submitted for analysis in May 2016,” Corazon Miing said […]
THE DRILL SERGEANT: St George Mining (ASX: SGQ) is set to test three new EM conductors at the Investigators prospect as part of an upcoming drill program scheduled to commence at the company’s Mt Alexander project in July 2016. The Investigators prospect is located in the interpreted western extent of the Cathedrals fault zone, and […]
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has intersected high‐grade primary gold mineralisation during its initial program of diamond drilling at the YAM14 prospect. The mineralisation was encountered in a discrete shear zone below previous Reverse Circulation (RC) drilling. Diamond drillhole 16DHDD0002 intersected 3.05 metres at 4.89 grams per tonne gold from 137.68 metres […]
THE DRILL SERGEANT: Altona Mining (ASX: AOH) has released the first Ore Reserve estimate for the Turkey Creek deposit, part of the company’s Cloncurry copper project near Mt Isa in Queensland. The Turkey Creek Reserve estimate is: 11.3 million tonnes at 0.46 per cent copper for 52,100 tonnes of contained copper. “This Ore Reserve Estimate […]
THE BOURSE WHISPERER: Metalicity Limited (ASX: MCT) has completed commercial negotiations with liquidating Kagara Limited, which has resulted in the signing of a Deed of Release and Termination covering all potential future payments and obligations relating to the acquisition of the Admiral Bay zinc project. Metalicity explained the Deed of Release and Termination extinguishes all […]
THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) has struck a strategic consolidation deal US Masters Holdings (ASX: USH) in regards to the Lake Johnston lithium pegmatite field in Western Australia. Under the deal LIT gains a prime position in new pegmatite discoveries with the company to hold lithium rights over three licences that dominate coverage […]
THE BOURSE WHISPERER: Gryphon Minerals (ASX: GRY) has entered into a Scheme Implementation Agreement (SIA) with Teranga Gold Corporation (TSX:TGZ) (ASX:TGZ), under which Teranga is set to acquire all of the ordinary shares of Gryphon. Under the terms of the SIA, each Gryphon share will be exchanged for 0.169 common shares of Teranga or 0.169 […]
THE DRILL SERGEANT: St George Mining (ASX: SGQ) has received the first laboratory assays received for recent diamond drilling carried out on the company’s Mt Alexander project. The company said the assays have confirmed that drilling at the Cathedrals prospect has intersected high-grade nickel‐copper sulphide mineralisation with high values of cobalt and PGEs (Platinum Group […]
