THE DRILL SERGEANT: Mithril Resources (ASX: MTH) has completed a review of historic exploration activities by International Nickel Australia Limited (INCO) in 1970 at the Hendrix nickel prospect. Hendrix is one of four psychedelic rock-themed nickel–copper–PGE anomalies, along with Floyd, Zeppelin, and Scott the company has recently identified at its West Kambalda project, located approximately […]
THE DRILL SERGEANT: Metals of Africa (ASX: MTA) has completed a program of geophysical modelling at the company’s 100 per cent-owned Mkindu project in Tanzania. Metals of Africa picked up the Mkindu project in January this year as part of an acquisition of, what the company considers to be, a portfolio of five highly-prospective exploration […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. www.breakawayresearch.com Altlantic Gold NL (ASX: ATV) Atlantic Gold is an ASX-listed gold developer operating in the Meguma Terrane of Nova Scotia, with a +1 million ounce gold resource. A key positive is the mineralisation style – unlike most occurrences in the […]
THE FUND RAISER: Plenty of action this week on the junior exploration fund raising scene. Cornerstone investor kicks in $750,000 Ascot Resources’ (ASX: AZQ) existing cornerstone investor, Resource Capital Fund V L.P. has agreed to provide $750,000 in equity funding to support the company’s 2014 project development initiatives and for general corporate and working capital […]
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 to commence at Alumbre project Promesa Ltd (ASX: PRA) has received formal ratification from the Peruvian Ministry of Energy and Mines (MEM) it can proceed with drilling […]
THE DRILL SERGEANT: There’s been a bit of fuss recently regarding copper exploration on the Yorke Peninsula of South Australia, but it’s nothing the area hasn’t seen before. The region came to be known as the Copper Coast after a bloke by the name of Paddy Ryan stumbled across copper traces emerging from of the […]
THE DRILL SERGEANT: Bora Bora Resources (ASX: BBR) has received initial results from a recently conducted Airborne VTEM survey over the company’s granted exploration licences in central Sri Lanka. The survey flew over the company’s Matale graphite project, which is located adjacent to the historic Kahatagaha graphite mine. The company claims the VTEM results have […]
THE DRILL SERGEANT: Rox Resources’ (ASX: RXL) success with the drill bit has continued with some highly-agreeable assay results emerging from a recent Reverse Circulation (RC) drilling program at the company’s Fisher East nickel sulphide project, north of Kalgoorlie in Western Australia. The 14 hole RC drilling program was designed to sharpen the company’s definition […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Independence Group appoints Managing Director Independence Group (ASX: IGO) has appointed Peter Bradford as its managing director and chief executive officer. Bradford succeeds Chris Bonwick who retired in November 2013. Bradford has over 35years’ experience in Australia and […]
THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) has kicked off its latest round of diamond drilling at the Frakes silver prospect at the Menninnie Dam project in the southern Gawler Craton region of South Australia with further drilling also scheduled for the Spare Rib lead-zinc target. In all the company plans to drill six holes […]
