GUEST COMMENTATOR: So, how often have you heard a company representative say “we are undervalued with respect to our peers”? It is a comment I have heard a lot in my time as an analyst, and the company may well be undervalued as compared to its peers -but there often is a reason for this […]
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 zinc-silver copper-gold targets at Menninnie Dam Musgrave Minerals (ASX: MGV) has commenced a drilling program to test three base metal targets at the Menninnie Dam project in […]
THE DRILL SERGEANT: IMX Resources (ASX: IXR) has received the first intersection assays from a Reverse Circulation (RC) drilling program carried out at the Chilalo graphite project, located on the company’s Nachingwea property in Tanzania. The assays are from six holes drilled at Chilalo, where drilling returned a number of near-surface intersections including: Hole NRC14-140 […]
THE BOURSE WHISPERER: Poseidon Nickel (ASX: POS) has completed the acquisition of the Lake Johnston nickel project from Norilsk. The company said it is planning to return Lake Johnston and its Mt Windarra nickel project to production within six months of final financing and completion of a Definitive Feasibility Study for the Lake Johnston. Poseidon […]
THE DRILL SERGEANT: Northern Star Resources (ASX: NST) has claimed to have made another high-grade gold discovery on the company’s 100 per cent-owned tenements at the Kundana project on the outskirts of Kalgoorlie. The company has completed a first round of drilling at the Millennium target, which has returned results of: 15 metres at 6.2 […]
THE BOURSE WHISPERER: Ironbark Zinc (ASX: IBG) has renegotiated the Joint Venture agreement covering the Captains Flat base metals project in New South Wales. Ironbark is to take on equal joint title of the project and will continue exploration in an equal JV agreement with Glencore. The project comprises one Exploration Licence, which was previously […]
THE ROADHOUSE PHARMACY: Bionomics Limited (ASX: BNO) has announced it intends to accelerate and progress BNC210, for the treatment of anxiety and depression, into further human clinical trials expected to commence before the end of the year. In January 2012 Bionomics entered into a collaboration, research & licensing agreement with Ironwood Pharmaceuticals, Inc, for the […]
THE DRILL SERGEANT: Canyon Resources (ASX: CAY) has received results from samples from the company’s Birsok bauxite project in Cameroon, which had been assayed for confirmation of available alumina (AvAl) and reactive silica (RxSiO2). The company said the assaying returned encouraging results, which have confirmed previous high-grade total aluminium oxide assays and low level of […]
THE DRILL SERGEANT: St George Mining (ASX: SGQ) has identified a new EM conductor at the Windsor nickel sulphide prospect within the company’s 100 per cent-owned East Laverton property in Western Australia. The conductor was identified by a downhole electromagnetic (DHEM) survey recently completed at the Windsor prospect , which surveyed drill hole WINRC005. St […]
THE DRILL SERGEANT: Latin Resources (ASX: LRS) has received results from the second hole drilled in an ongoing program at the company’s Ilo Este copper porphyry project in Peru. Drill hole IE-JDD-002 has been completed and Latin has assay results for the first 400m of core. The company said the grades of copper show in […]
