THE BOURSE WHISPERER: Saracen Mineral Holdings (ASX: SAR) has entered into an agreement to acquire the King of the Hills and Kailis gold projects in Western Australia from St Barbara Limited (ASX: SBM). The cost for Saracen for 100 per cent of the two projects is $3 million cash in two tranches. The first tranche […]
THE BOURSE WHISPERER: Impact Minerals (ASX: IPT) has announced a raising of $1.9 million by way of a rights issue, which is being underwritten to the tune of $1.3 million by Patersons Securities Limited. The company signalled the funds will enable it to continue exploration over all three of its Australian projects, which include the […]
THE DRILL SERGEANT: Ram Resources (ASX: RMR) has identified two more prospective electro-magnetic conductors at the company’s Fraser Range North nickel project in Western Australia. The new conductors were identified during a recent program involving 15 line kilometres of ground Moving Loop Electro-Magnetic (MLEM) surveys. Ram has completed around 40 line km of ground MLEM […]
THE DRILL SERGEANT: Horseshoe Metals (ASX: HOR) has released XRF readings of copper intersections from on-going resource drilling at the company’s 100 per cent-owned Horseshoe Lights copper/gold project in the Gascoyne region of Western Australia. The company said the latest results are preliminary in nature, having been taken from three resource drill holes at the […]
THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) included its joint venture partner, Evolution Mining (ASX: EVN) in announcing the receipt of assay results from the pre-collar of a deep diamond drill hole (GODD032) recently completed on the Goanna prospect at the JV’s Tennant Creek project in the Northern Territory. The drilling was co-funded as part […]
THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has been encouraged by recent drilling carried out at the One Tree Hill prospect, part of the company’s 100 per cent-owned West Musgrave project in Western Australia. Cassini has completed its first hole (CZD0008) at the One Tree Hill prospect, which it has reported to have intersected copper […]
THE BOURSE WHISPERER: Potash West (ASX: PWN) advised the market of a binding term sheet executed between East Exploration Pty Ltd (EE) and Davenport Pty Ltd, a wholly owned subsidiary of Arunta Resources (ASX: AJR). Potash West own 55 per cent of EE, which is the registered owner of the South Harz project, comprising two […]
THE DRILL SERGEANT: St George Mining (ASX: SGQ) released results from initial assays received for drill holes completed at Desert Dragon Central, one of the highest priority nickel sulphide prospects at the company’s 100 per cent-owned East Laverton Property in Western Australia. The current drilling campaign has returned intersections of nickel sulphide mineralisation at Desert […]
THE DRILL SERGEANT: Atherton Resources (ASX: ATE) announced a 60.7 per cent zinc intersection over 0.55 metres outside the current resource from drilling being carried out at the company’s King Vol zinc project in north Queensland. The company said it had also encountered other results located within the current resource. Atherton considers the 60.7 per […]
THE DRILL SERGEANT: West African Resources (ASX: WAF) has received encouraging results from auger drilling carried out on a new zone at the comapny’s Tanlouka gold project in Burkina Faso. West African said the recent auger drilling at the Tanlouka project produced high-grade results just two kilometres northwest of the M5 Mineral Resource and proposed […]
