THE DRILL SERGEANT: TNG Limited (ASX: TNG) has identified a large geochemical zone with coincident geophysical targets at the company’s McArthur River project in the Northern Territory located 60 kilometres south of the McArthur River zinc mine. The identification of the anomaly follows the completion of a review of historical exploration data from the McArthur […]
THE BOURSE WHISPERER: Metals of Africa (ASX: MTA) has identified a multi-element geochemical anomaly at the Rulio prospect, part of the company’s 100 per cent-owned Rio Mazoe base metal project, located in the Tete Province of Mozambique. MTA described the anomaly to be associated with a coincident airborne magnetic geophysical anomaly and has elevated zinc, […]
THE BOURSE WHISPERER: Atlantic Gold (ASX: ATV) is celebrating the dismissal of a second appeal brought by a former landowner against the vesting order issued for the final remaining private property required to develop the Touquoy gold project in Nova Scotia, Canada. The dismissal of the second appeal means the company is now able to […]
THE DRILL SERGEANT: Helix Resources (ASX: HLX) has secured a 70 per cent equity interest in the Canbelego Joint Venture with Straits Resources (ASX: SRQ) after completing earn-in requirements. Straits have subsequently notified Helix, which is to act as the manager of the project, it will contribute to the joint venture in line with its […]
THE HOTEL INSPECTOR: Accommodation for the sole corporate traveller can be a hit and miss affair. From the outside the Parkdale Motor Inn looks like what you would expect from what has been a landmark on Nepean Highway in Mentone for at least 40 years. The brown bricked facade has long been a part of […]
Since acquiring the Nimbus silver-zinc-gold project just 20 months ago Macphersons Resources has taken it from zero resources to the brink of production. In July Macphersons released a JORC-compliant resource at Nimbus of 4.9 million tonnes at 149 grams per tonne containing 23.4 million ounces of silver equivalent, including 12.4 million ounces of silver, 65,000 […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Blackham Resources (ASX: BLK) The Matilda gold project (MGP) covers a large tenement position in the Wiluna Greenstone Belt. The global resource is 24.8 million tonnes at 1.9 grams per tonne gold (1.5 million ounces) and Blackham is steadily building confidence […]
GAVIN WENDT: If one looks at long term charts of most metal prices, one sees a very distinct cyclical pattern. When commodity prices are high this stimulates new mine development, but unfortunately it is the nature of things that new mines tend to come on stream at or around the same time. As a result, […]
THE FUND RAISER: The glorified lamington drives continue apace as junior miners raise important funding. Share Placement Drummond Gold (ASX: DGO) has made a share placement of 35 million fully-paid ordinary shares at an issue price of 0.2 cents per share raising a total of $70,000 to sophisticated investors. The Placement consists of an allotment […]
THE DRILL SERGEANT: There has been some action at the Spotted Quoll mine of Western Areas (ASX: WSA) with the company achieving a doubling of the Mineral Resource for the Spotted Quoll North Zone and the establishment of a maiden underground Ore Reserve. The Mineral Resource for Spotted Quoll north has been doubled to 11,520 […]
