THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) told the market it has received encouraging metallurgical beneficiation test results from the company’s 100 per cent-owned Manitouwadge jumbo flake graphite project in Ontario, Canada. The metallurgical test work was undertaken on two drill core samples from the company’s March 2015 drill program. Ardiden said the results indicate […]
THE DRILL SERGEANT: Pilbara Minerals (ASX: PLS) released an upgrade to the JORC Code-compliant Mineral Resource estimate for the company’s Pilgangoora tantalum-lithium project in the Pilbara region of Western Australia. The updated Mineral Resource comprises: Indicated and Inferred Resources of 23.83 million tonnes at 0.021 per cent tantalite containing 11.3 million pounds tantalite; and A […]
THE BOURSE WHISPERER: Caravel Minerals (ASX: CVV) has received a pat on the back from one of its main shareholders, First Quantum Minerals, in the form of a Farm-in Agreement for the company’s flagship Calingiri copper-molybdenum project in Western Australia. Under the terms of the agreement, First Quantum has the right to contribute $3.6 million […]
THE BOURSE WHISPERER: St George Mining (ASX: SGQ) has completed a share placement to raise $1.05 million. The raising resulted from the issue of 15 million shares at 7 cents per share with Alto Capital acting as lead manager to the placement. St George said the funds raised will be used to continue exploration activities […]
GAVIN WENDT: Part two of Gavin’s look at the positive factors are driving gold’s resilience. China Remains the World’s No 1 Gold Purchaser The latest GFMS data shows China maintaining its No. 1 position in terms of gold purchases for 2014. Significantly, GFMS notes that Chinese imports of gold and deliveries from the Shanghai Gold […]
THE DRILL SERGEANT: Each week any number of junior exploration plays set out to drill their ground. Here’s a small selection of what’s been happening this week. Drilling scheduled for Zanthus Rumble Resources (ASX: RTR) has scheduled its maiden drilling program at the company’s Zanthus project in the Fraser Range of Western Australia where it […]
THE DRILL SERGEANT: Australian Bauxite (ASX: ABX) has claimed discovery of a new bauxite production area after receiving high-grade assays from drill hole samples into the PR-18 bauxite deposit located north of Launceston and close to the Bell Bay export port, in northern Tasmania. The company said the results had demonstrated mainly high-grade, direct shipping […]
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has released an updated JORC Code 2012-compliant Mineral Resource estimate for the Gruyere deposit on the Dorothy Hills Trend at Yamarna, Western Australia. The new Mineral Resource has come in at 137.81 million tonnes at 1.24 grams per tonne gold for a total of 5.51 million ounces […]
THE INSIDE STORY: A merger of ASX-listed stalwarts Trafford Resources and IronClad Mining has resulted in the creation of Tyranna Resources (ASX: TYX) In project terms, Trafford Resources brought a great deal of value to the merged entity, in the form of a portfolio representing some nine years of exploration prospect accumulation, boasting an independently-rated […]
THE DRILL SERGEANT: Horseshoe Metals (ASX: HOR) appears happy with the first results it has received from resource drilling underway at the company’s 100 per cent-owned Horseshoe Lights copper/gold project in Western Australia. To date 947 metres of Reverse Circulation (RC) drilling in six holes has been completed. Horseshoe has taken receipt of assay results […]
