THE DRILL SERGEANT: Marindi Metals (ASX: MZN) has picked up $107,250 in funding from the latest round of the Western Australian Government’s Exploration Incentive Scheme, (EIS). The company applied for the funding to enable it to drill three deeper diamond holes into the Prairie Downs Fault Zone (PDFZ) between the Wolf prospect and the Prairie […]
THE DRILL SERGEANT: Breaker Resources (ASX: BRB) is currently aircore drilling in the Eastern Goldfields of Western Australia just south of the two kilometre-long Lake Roe gold system. The company said the drilling has encountered sulphide-rich lode gold mineralisation over a nine metre down-hole interval from hole BAC1061. Although gold is evident in panned samples, […]
THE DRILL SERGEANT: Sheffield Resources (ASX:SFX) has announced high-grade results achieved from infill drilling at the company’s 100 per cent-owned Thunderbird mineral sands project, located near Derby in northwest Western Australia. The results relate to 110 infill aircore drill holes the company completed at Thunderbird during 2015 subsequent to the release of the current Mineral […]
THE INSIDE STORY: As it moves closer to becoming the next Australian gold producer Blackham Resources (ASX: BLK) rarely has time to stand still. The company recently finalised a Pre-Feasibility Study into its 100 per cent-owned Matilda gold project, located near Wiluna in Western Australia. Although impressive, the PFS results were quickly outdated with Blackham […]
THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has intersected key nickel sulphide indicators while completing a diamond core drilling program at the company’s Fairwater nickel project, located in the Albany Fraser Orogen in south east Western Australia. Pioneer completed three diamond core holes during the current program, each of which the company said had intersected […]
THE DRILL SERGEANT: St George Mining (ASX: SGQ) has been awarded a drilling grant by the West Australian Government’s Exploration Incentive Scheme (EIS). The company said the EIS dollars would be spent on gold exploration at its 100 per cent-owned East Laverton project, in particular on the new Ascalon gold prospect. St George has identified […]
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has received some high-grade zinc-silver and lead assays from the Red Hill prospect, part of the company’s Broken Hill project in New South Wales. The company explained the zinc-lead-silver mineralisation occurs within a 60 metre thick zone of what it described to be ‘Broken Hill-style mineralisation’ hosted by […]
THE BOURSE WHISPERER: Altech Chemicals (ASX: ATC) has been granted exploration licence E70/4718, also known as the Kerrigan project, located approximately 20 kilometres south of the Western Australian wheat belt town of Hyden and 335km south east of Perth. The licence covers an area of approximately 480 square kilometres on freehold agricultural land. It contains […]
THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has released a maiden Mineral Resource estimate for the Succoth copper deposit, which is part of the company’s 100 per cent-owned West Musgrave project in Western Australia. The maiden Inferred Mineral Resource totals 156 million tonnes at 0.60 per cent copper at a 0.3 per cent copper cut-off […]
THE BOURSE WHISPERER: Blackham Resources (ASX: BLK) has negotiated an early drawn down $7 million on its $30 million undrawn debt facility with Orion Mine Finance. Blackham said the early drawdown funds would be used to fast track the company’s Matilda gold project towards production. The Matilda gold project is located at the northern end […]
