THE DRILL SERGEANT: Gryphon Minerals (ASX: GRY) has reported results of recently completed shallow reserve drilling at the company’s 3.6 million ounce Banfora gold project in Burkina Faso. The drilling was designed to target shallow oxide material within the company’s existing pit designs on a mining grade control pattern in preparation for mine commencement. Gryphon […]
THE BOURSE WHISPERER: Vimy Resources (ASX: VMY) has received results of a Scoping Study for the company’s Mulga Rock uranium project (MRUP) in Western Australia. The Study by Amec Foster Wheeler Australia and Coffey Mining included a preliminary economic evaluation, which concluded the project to be economic at current long-term contract prices for uranium. Key […]
THE BOURSE WHISPERER: Phosphate Australia (ASX: POZ) has come out swinging in response to a revised on-market takeover offer by Mercantile Investment Company Limited (ASX: MVT). The company has encouraged its shareholders to firmly reject the revised offer price of 2.2 cents per share (up from the original offer of 2 cents per share). Phosphate […]
THE DRILL SERGEANT: Oro Verde (ASX: OVL) has continued its run of good news from reconnaissance sampling being carried out on the company’s Topacio gold project in south-eastern Nicaragua. An exposed quartz vein in the Dos Amigos pit returned high-grade gold and silver results from rock chip sampling, as high as 38.5 grams per tonne […]
THE DRILL SERGEANT: Rox Resources (ASX: RXL) is pleased with the progress of its current drilling program being carried out at the company’s 100 per cent-owned Fisher East nickel project located 500 kilometres north of Kalgoorlie in Western Australia. Rox said the results coming through from drilling at the Cannonball prospect, located roughly midway between […]
THE BOURSE WHISPERER: Kibaran Resources (ASX: KNL) has received the Environmental Impact Assessment Certificate for the company’s Epanko graphite project from the Vice President’s Office of Tanzania. The company identified the certificate as a key pre-requisite for the application for a Mining Licence in the country. The certificate is the first to be issued for […]
THE BOURSE WHISPERER: Clancy Exploration (ASX: CLY) has entered into a farm-in and Joint Venture agreement with High Power Exploration Inc. (HPX) on the Trundle copper-gold project in New South Wales. Under the terms of the agreement, HPX is to subscribe for 50 million Clancy shares at 1.5 cents each to raise $750,000. HPX […]
THE ROADHOUSE BOWSER: Liquefied Natural Gas Limited (ASX: LNG) announced its wholly-owned subsidiary, Magnolia LNG (MLNG) has completed two important steps in preparation for the engineering, procurement, construction and commissioning (EPCC) phase of the Magnolia LNG project to be located in Lake Charles, Louisiana, USA. In January MLNG initialled off on the EPCC contract with […]
THE ROADHOUSE BOWSER: Drillsearch Energy (ASX: DLS) has announced a new wet gas discovery on the Western Wet Gas Fairway of the Cooper Basin, the sixth from seven wells drilled in FY2015 by the company’s Joint Venture with Santos (Drillsearch 40%, Santos 60% and Operator). The Emery-1 near-field exploration well in PEL 513 was drilled […]
THE DRILL SERGEANT: Apollo Minerals (ASX: AON) has commenced a reverse circulation (RC) drilling program across three high-priority prospect areas at the Titan base-precious metals project in South Australia. The company indicated the drilling is being carried out as follow-up work to test a number of encouraging results it identified during the 2014 campaign including: […]
