Entries by Wally Graham

Phillips River picks up Galaxy ground

THE BOURSE WHISPERER: Phillips River Mining has entered into an agreement with Galaxy Resources to acquire four tenements of 3.1 square kilometres, located within the Ravensthorpe region of Western Australia. The transaction involves the Mt McMahon tenements, situated four kilometres of Ravensthorpe.   Plan of tenements to be acquired. Source: Company announcement   “The tenements […]

Red Gum kicks off Chilean testwork

THE BOURSE WHISPERER: Recently ASX-listed Red Gum Resources has commenced initial Metallurgical Study Testwork at its La Negra polymetallic (zinc, lead, copper and silver) project in northern Chile. The company said the results of the study would be key in its increased understanding of the metallurgical characteristics of the La Negra deposit, as it moves […]

Nullagine JV confirms Bonnie East DSO

THE DRILL SERGEANT: The Nullagine Iron Ore Joint Venture between BC Iron and Fortescue Metals Group has intersected direct shipping ore iron mineralisation during infill drilling of the Bonnie East deposit. According to an ASX announcement from BC Iron the Bonnie East deposit is a Channel Iron Deposit, of Direct Shipping Ore quality, hosted within […]

Independence introduces Rosie

THE BOURSE WHISPERER: Independence Group has completed an initial JORC compliant Mineral Resource Estimate for the Rosie nickel-copper-platinum group elements (Ni-Cu-PGE) sulphide deposit. The Rosie deposit is situated within the Duketon Joint Venture with South Boulder Mines, from which Independence is earning 70 per cent of the nickel rights. The Duketon Joint Venture is locted […]

Copper maintains global support

Major supply issues have combined with robust Chinese demand to continue to support global copper prices. Copper is a bellwether commodity and despite all of the negativity surrounding Europe, the United States and China, the price has demonstrated particular resilience over recent times. On the demand side Chinese copper imports hit a record during December, […]

Brumby confirms Sixty Sixer mineralisation

THE BOURSE WHISPERER: Perth-based manganese and base metal explorer Brumby Resources has received results from a 4000 metre RC drilling program conducted at Sixty Sixer prospect, situated within the company’s 100 per cent-owned Oakover manganese project east of Newman in Western Australia.   Source: Company announcement Brumby said the results have confirmed its expectations regarding […]

Corazon defines Lynn Lake discovery

Mining companies become excited when a drill hole provides an outstanding discovery and even more excited when they consider what it may be trying to tell them. In May 2011 Canada-focused nickel exploration play Corazon Mining (ASX:CZN) announced drilling at its Lynn Lake nickel sulphide project had discovered high-grade nickel / copper sulphide beneath the […]

Rox receives encouraging drill results

THE DRILL SERGEANT: Rox Resources has received results from RC drilling conducted on its Marqua phosphate project located close to the Queensland-Northern Territory border 300 kilometres south-west of Mount Isa. The company completed a 29 hole, 1,900 metre RC drilling program in December 2011, which was designed to: –    Confirm high grade areas at Coquina […]

IMX makes magnetite discovery at Tomahawk

THE DRILL SERGEANT: Perth-based iron ore producer, IMX Resources has claimed the discovery of magnetite at its Tomahawk iron ore prospect, located 25 kilometres southeast of the Cairn Hill magnetite-copper mine in South Australia. IMX completed a program of six RC drill holes completed at Tomahawk in late 2011 with all holes returning magnetite iron […]

Silver Lake to merge Phillips River

THE BOURSE WHISPERER: Silver Lake Resources has reached a Scheme of Arrangement to merge the assets of Phillips River Mining into the company. Since its inception Silver Lake has maintained a strategy to acquire quality gold assets. “Acquiring Phillips River’s assets is consistent with this strategy and allows Silver Lake to further grow its gold […]