THE DRILL SERGEANT: Perseus Mining (ASX: PRU) has encountered further high-grade gold intercepts during recent drilling on the Bokitsi South deposit at the company’s Edikan gold mine (EGM) in Ghana, West Africa. Bokitsi South is the first of a number of targets Perseus is drill testing with the aim of identifying high-grade mineralisation it hopes […]
THE DRILL SERGEANT: West African Resources (ASX: WAF) has continued its run with further high-grade gold results from oxide resource definition drilling at the company’s Mankarga 5 deposit in Burkina Faso. Best results from the ongoing program include: TAC0281 10 metres at 1.28 grams per tonne gold from 4 metres; TAC0287 9m at 1.34g/t gold […]
THE DRILL SERGEANT: White Cliff Minerals (ASX: WCN) has identified a new high-tenor nickel in soil anomaly at the company’s Merolia nickel and copper project in the Laverton region of Western Australia. The latest find follows the company’s identification of, what it described as, ‘a major nickel anomaly’ at the McKenna prospect in April from […]
THE DRILL SERGEANT: Kibaran Resources (ASX: KNL) has received the second group of assay results from a recent RC drill program conducted at the Epanko deposit within the companies Mahenge graphite project in Tanzania. “The consistency of the latest results continues to confirm a significant portion of graphite mineralisation is at surface, with mineralisation remaining […]
GAVIN WENDT: Iron ore prices fell for a sixth straight month during May, which represents its longest losing streak on record, with hefty supplies pushing prices to their lowest level since September 2012. During the month of May the price of iron ore fell by 13 per cent alone and is down by 32 per […]
IN THE LOBBY: The Western Australia Government has announced a proposal to amend parts of the Aboriginal Heritage Act, which determines how sacred places and objects should be preserved. If it goes ahead it will be the first changes to the act since its introduction 42 year ago. The release of the Aboriginal Heritage Amendment […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Hartleys Website: www.hartleys.com.au PAPILLON RESOURCES LIMITED (ASX: PIR) Takeover arrives Papillon Resources Limited has received a friendly scrip merger offer from B2Gold (BTO.tsx). The offer is 0.661 B2Gold shares for each PIR share held. The merger represents a purchase price of […]
THE DRILL SERGEANT: Core Exploration (ASX: CXO) has intersected high grade silver whilst completing a maiden drilling program at the company’s Albarta project in the Northern Territory. Highlights from drilling at the Blueys prospect include: 1 metre at 1,070 grams per tonne silver and 8 per cent lead; and 2m at 843g/t silver and 5.9 […]
THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) has commenced drilling at the company’s Las Opeñas precious and base-metal epithermal project located in the pre-cordillera of San Juan Province, Argentina. The 2,400 metre Phase 2 drill program will test the main zone of extensive surface gold and base metal mineralisation, coincident with a breccia system and […]
THE DRILL SERGEANT: Sovereign Metals (ASX: SVM) has reported results from an initial scoping level metallurgical program carried out on soft saprolite samples from the Dedza flake graphite prospect within the company’s 100 per cent-owned Central Malawi graphite project. The company said the program had produced high-grade flake graphite, with a significant proportion of the […]
