THE DRILL SERGEANT: White Cliff Minerals (ASX: WCN) has encountered further high-grade gold mineralisation at the Aucu prospect within the company’s Chanach project in the Kyrgyz Republic. According to the company the latest results are adjacent to previous reported mineralisation at the Lower Gold Zone (LGZ). The drilling has indicated gold mineralisation occurs within multiple […]
THE BOURSE WHISPERER: Australian Bauxite (ASX: ABX) has received development approval from Northern Midlands Council for mining to commence at the company’s Bald Hill bauxite mine in northern Tasmania. The company wasted no time in immediately securing the site, with an emphasis on public safety. Construction is too soon commence on ore haulage roads and […]
THE ROADHOUSE BOWSER: Austin Exploration (ASX: AKK) announced its fifth Eagle Ford well with Halcón Resources, the Curington ‘A’ 1H, in Burleson County, Texas is producing large volumes of oil and gas. The Curington ‘A’ 1H produced 19,600 barrels of oil equivalent, (BOE), in its first 30 days, or an average rate of 653 BOEPD […]
THE BOURSE WHISPERER: Rox Resources (ASX: RXL) has entered into an Option Agreement to acquire 100 per cent of two additional granted mineral tenements at the company’s Mt Fisher gold-nickel project, north of Kalgoorlie in Western Australia. The new tenements are situated along strike to the south of known nickel and gold mineralised zones on […]
THE FUND RAISER: There seems to be enough going on to suggest interest in the resources sector still exists. $1.1 million to advance San Santiago copper assets Minera Gold (ASX: MIZ) has received commitments from existing major shareholders and clients of Alignment Capital to raise $1.1 million in new funding. The company sought the funding […]
WHAT THE ANALYSTS SAY: Interesting news and views from across the Resource Analyst universe. Website: www.beerandco.com.au Company: New Age Exploration (ASX: NAE) Lochinvar is part of the Canonbie coal field, which was first drilled in the 1950s by the UK National Coal Board. Lochinvar was explored intermittently until the mid-1980s, when it was shelved with […]
THE WEEKLY WRAP: Somebody needs to tell the Americans holidays are a time for relaxation. As they settled in to give thanks, the land of the free began a frenzied sell-off of energy shares after the Organization of the Petroleum Exporting Countries (OPEC) decided to do nothing to ease the current glut of oil on […]
MARK GORDON: So, why do we need the junior resources sector? Speaking from a purely selfish viewpoint I need it so I can keep working in a sector that I have a strong passion for. The mineral exploration and financial sectors involved with resources have given me a fantastic career over 24 years – one […]
THE ROADHOUSE BOWSER: Carnarvon Petroleum (ASX: CVN) has entered into a Sale and Purchase Agreement (SPA) to divest its remaining 20 per cent interest in the Thailand oil production concessions L44/43, L33/43 and SW1A. The company has agreed to sell its remaining 20 per cent interest in its Thai assets to the Berlanga Group for […]
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. Fairholme drilling to commence Clancy Exploration (ASX: CLY) announced diamond drilling of high priority Induced Polarisation (IP) targets at Fairholme will commence in early December. A three hole […]
