THE DRILL SERGEANT: Atherton Resources (ASX: ATE) has hit some impressive zinc intersections – outside the existing Mineral Resource – while drilling at the company’s King Vol project in Queensland. In its release to the ASX Atherton claimed the drilling had encountered hits of up to 50 per cent zinc, which it said will form […]
THE DRILL SERGEANT: Sheffield Resources (ASX: SFX) has completed a metallurgical testwork program at the company’s 100 per cent-owned Thunderbird mineral sands project, located near Derby in Western Australia. The sampling collected over 100 tonnes of bulk sample using a large Bauer drilling rig, the type that is usually used to install construction foundations, which […]
ROADHOUSE REGULAR: This week I will offer a few observations on the current state of both the stock and commodities markets, and also share some thoughts about what is being looked at. Firstly, please have a look at the following chart. This shows major metals prices and the ASX Small Resources Index (XSR) from early […]
THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has claimed to have made a high-grade silver discovery at the company’s Alacrán project in Mexico. Azure drilled four holes at the Mesa de Plata prospect as part of a 14-hole Reverse Circulation (RC) program over the wider Alacrán property. According to Azure these holes intersected thick zones […]
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has completed a JORC 2012-compliant update to the company’s 100 per cent-owned Yamarna Belt Mineral Resources. The company explained that all open pit Mineral Resources are constrained within $1,600 per ounce gold optimised pit shells. Gold Road made particular note that the update means it no longer […]
THE BOURSE WHISPERER: Orinoco Gold (ASX: OGX) informed the market of the progress the company is making in regards to development activities at its Cascavel gold mine in central Brazil. Orinoco declared it is running on schedule to achieve first gold production from Cascavel in early 2016. In July the company took the decision to […]
THE DRILL SERGEANT: Blackham Resources’ (ASX: BLK) maiden drill program into the Golden Age Reef, at the company’s Matilda gold project near Wiluna in Western Australia keeps on delivering the goods. According to the company the latest results from drilling of the central portion of the deposit have confirmed the high-grade nature of the Golden […]
THE BOURSE WHISPERER: Impact Minerals (IPT: ASX) announced a 100 per cent take-up of its recent rights issue, raising $1.9 million, after costs. The company said the proceeds would combine with recent previous cornerstone financial support the company has received to provide exploration funding potentially worth up to $9.3 million. The rights issue follows the […]
THE BOURSE WHISPERER: Metalicity Limited (ASX: MCT) informed the market that the company has completed the acquisition and associated funding of the Admiral Bay zinc project and Rocky Gully nickel-copper project. The project acquisitions and funding arrangements were part of re-compliance requirements with Chapters 1 and 2 of the Australian Securities Exchange Listing Rules in […]
THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has received assay and down-hole EM surveying results from a recently completed diamond hole CZD0008, undertaken on the One Tree Hill prospect, located within the company’s 100 per cent-owned West Musgrave project in Western Australia. Cassini said down-hole EM (DHEM) surveying of CZD0008 at the One Tree Hill […]
