THE DRILL SERGEANT: KGL Resources (ASX: KGL) has kept the market busy this week with further news from the company’s Jervois project in the Northern Territory. The company followed its earlier announcement regarding drilling results from Cox’s Find to announce more high-grade drilling results, this time from the Green Parrot deposit. The Green Parrot pit […]
THE BOURSE WHISPERER: Stonehenge Metals (ASX: SHE) has entered into a binding option agreement with Protean Energy Limited (PEL) to acquire 100 per cent of that company’s wholly-owned subsidiary, Protean Energy Australia (PEA). PEA holds the intellectual property titles, rights and licenses to the Protean Wave Energy Converter Technology. According to Stonehenge the Protean system […]
THE DRILL SERGEANT: Rox Resources (ASX: RXL) has received further encouragement from a recent Reverse Circulation (RC) drilling program at carried out at the Musket and Cannonball prospects. The two prospects are located within the company’s 100 per cent-owned Fisher East nickel project, 500 kilometres north of Kalgoorlie in Western Australia. The company said it […]
THE DRILL SERGEANT: Exploration drilling carried out by KGL Resources (ASX: KGL) at the Cox’s Find prospect, located within the company’s Jervois project in the Northern Territory, has intercepted narrow high‐grade copper mineralisation. The mineralisation was encountered below outcropping gossans to the south of previous drilling. Highlighted intercepts included: KJC062 3 metres at 2.57 per […]
THE DRILL SERGEANT: West African Resources (ASX: WAF) has reported further high-grade gold results from oxide resource definition drilling at the company’s Mankarga 5 deposit in Burkina Faso. WAF said the step-out oxide drilling has intercepted the Mankarga 5 structure 500 metres northeast of the existing resource on sections NE1400 and NE1500 and remains open […]
THE DRILL SERGEANT: Kibaran Resources (ASX: KNL) has announced an upgraded JORC 2012-compliant Mineral Resource for the company’s Epanko prospect in Tanzania. The company released a total Indicated and Inferred Mineral Resource of 22.7 million tonnes grading 9.8 per cent total graphitic carbon (TGC), for just over 2.2 million tonnes of contained graphite. Mineral […]
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has taken the decision to carry out a further 500 metres of RC and diamond drilling in the maiden drill program being conducted at the company’s 100 per cent-owned Commonwealth project, located near Orange in New South Wales. Impact Minerals explained the decision came after earlier drilling had […]
THE DRILL SERGEANT: Flinders Mines (ASX: FMS) has encountered high-grade and near surface hematite mineralisation during recent new drilling being undertaken at the company’s wholly-owned Pilbara iron ore project (PIOP) in the Pilbara region of Western Australia. Infill drilling currently underway at the PIOP’s Blackjack deposit, has intersected high-grade mineralisation. To date, 145 holes have […]
THE BOURSE WHISPERER: BC Iron (ASX: BCI) and Iron Ore Holdings (ASX: IOH) have entered into a Bid Implementation Agreement. Under the terms of the offer BC Iron will acquire all of the issued shares of IOH via an off-market takeover offer, which will result in IOH shareholders receiving 0.44 new BC Iron shares and […]
Share price movements during Diggers & Dealers Day Three CONFERENCE CALLER: It’s hard to fathom the way the market responds to news. Doray Minerals (ASX: DRM) and MacPhersons Resources (ASX: MRP) released updated reserve statements that both companies expect to have a positive influence on their respective projects. However, having presented their cases to the […]
