THE DRILL SERGEANT: Berkeley Energy (ASX: BKY) has received initial results from a recently completed infill drill program carried out at the company’s 100 per cent-owned Salamanca project in Spain. According to Berkely the results have confirmed the continuity of high-grade mineralisation at the Zona 7 deposit. “Assay results from an initial 39 drill holes […]
THE DRILL SERGEANT: Wolf Minerals (ASX: WLF) has commenced tungsten concentrate production from the Drakelands open pit mine at the company’s Hemerdon tungsten and tin project in Devon, southwest England. “We are very pleased to announce that as part of the commissioning process we have now produced tungsten concentrates to the required specification,” Wolf Minerals […]
THE BOURSE WHISPERER: Evolution Mining (ASX: EVN) announced a new hedging deal, under which the company has sold forward 300,000 ounces of gold at an average price of $1,638 per ounce with scheduled deliveries out to 31 December 2019. According to Evolution the new hedging deal includes 100,000 ounces of gold for delivery in FY16 […]
THE BOURSE WHISPERER: Australian Bauxite (ASX: ABX) has struck up a business alliance with Rawmin Mining and Industries of Mumbai, India. Australian Bauxite is currently targeting the shipment of 300,000 million tonnes of bauxite through to April 2016 for supply to Rawmin. Rawmin Mining And Industries is an Indian-based, family-owned, professionally managed private company in […]
THE BOURSE WHISPERER: Doray Minerals (ASX: DRM) announced it has secured debt and equity funding for construction and development of the company’s 100 per cent-owned Deflector gold project, located in the southern Murchison Region of Western Australia. The financing comprises new corporate finance facilities with Westpac Banking Corporation, a recently completed equity placement of $13.8 […]
THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has received results from recent resource definition and PFS drilling activities at the Galaxy gold deposit, which is part of a system of high-grade quartz reef gold deposits extending northwest from the company’s Wiluna mining centre in Western Australia. The company encountered gigh-grade free milling intercepts including: GLDD0003 […]
WHAT THE ANALYSTS SAY: This week our experts take a close look at TNG Limited and Pilbara Minerals. www.breakawayresearch.com TNG Limited (ASX: TNG) TNG is concentrating activities on financing and permitting for its flagship Mount Peake vanadium-titanium-iron (V-Ti-Fe) project, located north of Alice Springs in the Northern Territory. The project has the potential to be […]
THE DRILL SERGEANT: Companies getting busy on the drill bit this week include Marindi Metals, Tyranna Resources, Silver City Minerals, and Helix Resources. Joshua Drilling to Commence Helix Resources (ASX: HLX) announced planning has been finalised for a diamond drilling program at the company’s Joshua copper-gold porphyry project in Region IV – Chile. The drill […]
THE DRILL SERGEANT: Canyon Resources (ASX: CAY) has drilled 75 holes to complete the first phase of a drilling program at the Mandoum permit on the company’s Birsok bauxite project in Cameroon. Assays for the first 10 holes have been returned, with half of them producing results the company described as being significant and highly […]
THE BOURSE WHISPERER: Evolution Mining (ASX: EVN) has made its position clear in regards to the proposed take-over of Phoenix Gold (ASX: PXG) by Zijin Mining Group Co., Ltd. The Jake Klein-led gold producer has shown its hand by announcing it intends to pick up all of the ordinary shares of Phoenix Gold it doesn’t […]
