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. Diamond drilling commences at BM1 Encounter Resources (ASX: ENR) has commenced diamond drilling at the BM1 prospect at the company’s Yeneena project in Western Australia. The diamond drill […]
THE DRILL SERGEANT: Horseshoe Metals (ASX: HOR) has received final assay results from a recently completed drilling program at the company’s Kumarina copper project, located in the Gascoyne district in Western Australia. Drilling was carried out at the Snell North, Kumarina Deeps and Kumarina copper mine targets and consisted of 14 Reverse Circulation (RC) holes. […]
THE DRILL SERGEANT: Crusader Resources (ASX: CAS) has reported high-grade iron results from a diamond drilling program currently underway at the company’s Posse iron ore project, near Belo Horizonte in Brazil. The company has received results for the first six holes, which it explained to be part of a larger program (12 holes completed to […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Board composition resolved Blackham Resources (ASX: BLK) announced Joseph Gutnick has resigned from the Board of the company effectively immediately. The company also advised that Mazil Pty Ltd, a company of which Gutnick is a director and shareholder […]
THE BOURSE WHISPERER: Tiger Resources (ASX: TGS) has reached an agreement to acquire the remaining 40 per cent shareholding in Société d’Exploitation de Kipoi SA (SEK), which is the owner of the Kipoi copper project in the Democratic Republic of Congo. The Tiger Group currently holds 60 per cent of the shares in SEK. Once […]
THE ROADHOUSE BOWSER: Liquefied Natural Gas Limited (ASX: LNG) has finalised the acquisition of 100 per cent of Bear Head LNG Corporation (BHLC). The acquisition follows the company’s announcement in July regarding the signing of an agreement to acquire BHLC from a subsidiary of Anadarko Petroleum Corporation for US$11 million. LNG said acquiring BHLC is […]
THE DRILL SERGEANT: Recent diamond drilling carried out by Mutiny Gold (ASX: MYG) has identified a new shallow high-grade vein 300 metres from the existing resource at the company’s Deflector gold, copper, silver project in the Murchison region of Western Australia. The drilling has returned: 3.08 metres at 9.9 grams per tonne gold, 7.5 per […]
THE BOURSE WHISPERER: Metallica Minerals (ASX: MLM) has received Foreign Investment Review Board (FIRB) approval for the Cape York heavy mineral sands (HMS) and bauxite Joint Venture. The Joint Venture is between Oresome Australia Pty Ltd, a wholly-owned subsidiary of Metallica, and Ozore Resources, which is wholly-owned by a Chinese investor. Under the JV, Ozore […]
THE DRILL SERGEANT: Cardinal Resources (ASX: CDV) said it has received further encouraging results from part of the Phase II RC drilling program at the Namdini gold bearing mining license located within the company’s Bolgatanga project in Ghana. Namdini proximity map. Source: Company announcement “We are very pleased that Cardinal has now completed […]
THE ROADHOUSE BOWSER: Jacka Resources (ASX: JKA) has announced the initial booking of oil reserves attributable to its interests in the Aje Field, OML113 in Nigeria. Jacka’s interests are held by its wholly-owned subsidiary PR Oil & Gas (Nigeria) Limited (PROG). An independent Competent Persons’ Report on the Aje Field has recently been completed on […]
