THE DRILL SERGEANT: Orinoco Gold Limited (ASX: OGX) has identified a number of historical drill intercepts, which it says point to a substantial extension of the known mineralisation at the Sertão gold mine in central Brazil. Orinoco is acquiring 100 per cent of the Sertão gold mine gold rights from Troy Resources (ASX: TRY). Since […]
THE ROADHOUSE PHARMACIST: Unilife Corporation (ASX: UNS) has entered into a $60 million debt financing agreement with an affiliate of healthcare sector investment firm OrbiMed. Unilife said $40 million was funded to Unilife at the closing of the deal. Under the terms of the agreement, provided Unilife is in compliance, two additional tranches of $10 […]
THE ROADHOUSE PHARMACIST: Starpharma (ASX: SPL) has been granted regulatory certification for marketing of the company’s VivaGel®‐coated condom in Japan. Starphama explained VivaGel® is licensed to Okamoto Industries as a condom coating for the Japanese market. Japan is the world’s second largest condom market and Okamoto is the market leader for condoms sold in the […]
THE DRILL SERGEANT: Investigator Resources (ASX: IVR) has completed geophysical surveys in the ‘copper triangle’ on the Yorke Peninsula of South Australia, which the company says has upgraded the iron oxide copper gold (IOCG) potential of its 100 per cent-held Roundabout and Spyall prospects. Investigator has combined an aeromagnetic survey with a recently completed gravity […]
THE DRILL SERGEANT: Navarre Minerals (ASX: NML) has achieved encouraging copper and gold results from a recent shallow drilling program at the company’s 100 per cent-owned Eclipse copper-gold prospect. The prospect is located 300 kilometres northwest of Melbourne in the Miga Arc copper belt. The shallow drilling returned shallow copper and gold up to 2.8 […]
THE DRILL SERGEANT: Mining Group Limited (ASX: MNE) has received results from follow-up due diligence channel sampling conducted at the Paraguay underground mine at the company’s El Roble copper project in Chile. Mining Group claims the close-spaced channel sampling results confirm grade continuity at Paraguay over 30m along strike and delineation of a high-grade copper […]
TONY LOCANTRO: “At the start of the bull market we have all the paper and they have all the money. At the end of the bull market we have all the money and they have all the paper.” In August 1979, BusinessWeek on its cover declared “The Death of Equities”. As you can see […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. www.breakawayresearch.com Adelaide Resources (ASX: AND) Broad widths of high grade copper and gold mineralisation have been intersected at the Alford West prospect. Of the 3,500 metre geochemical anomaly, only 1,100m has been drill tested with the entire interval reportedly mineralised, highlighting […]
THE FUND RAISER: Some Tax refunds help to boost the bank balances for the junior explorers this week. $1.2 Million raised in Oversubscribed Placement White Cliff Minerals (ASX: WCN) has resolved to raise up to approximately $1.2 million in a placement to professional and sophisticated investors through the issue of up to approximately 133 million […]
THE DRILL SERGEANT: A Mining Proposal by Venturex Resources (ASX: VXR) has received approval from the Western Australia Department of Mines and Petroleum for the development of the company’s Pilbara copper-zinc project at the Sulphur Springs site, located in the western Pilbara region. Project location. Source: Company announcement Venturex said the granting of […]
