THE DRILL SERGEANT: Rimfire Pacific Mining (ASX: RIM) has received further encouragement from the first ever diamond drilling program being conducted at the company’s Sorpresa project, located near Fifield in New South Wales. Four out of the five holes drilled have now returned gold and silver intersections with all holes intersecting the target ‘black silica’ […]
THE BOURSE WHISPERER: Orion Gold (ASX: ORN) has received commitments (subject to formal legal documentation) to raise $4.25 million to underpin upcoming drilling programs at the company’s Fraser Range nickel-copper projects in Western Australia. The funds will also be used to accelerate exploration at its Victorian and Queensland projects. Orion boasted the capital raising is […]
THE DRILL SERGEANT: Caravel Minerals (ASX: CVV) is excited about the identification of two new prospects at the company’s 100 per cent-owned Calingiri copper-molybdenum project, located 120 kilometres northeast of Perth in Western Australia. The new prospects, Cavel and Kurrali, are located 2.5 kilometres and 5 kilometres south of Calingiri’s main Dasher prospect respectively. […]
THE DRILL SERGEANT: BrazIron (ASX: BZL) has reported an Inferred Resource for the company’s 100 per cent-owned Urubu iron ore prospect, which is part of its Xique Xique project, located in Bahia Province, Brazil. The total JORC code-compliant Inferred Mineral Resource for the Urubu ore body now stands at 447.4 million tonnes at 25.3 per […]
THE BOURSE WHISPERER: The ownership of the Mumbwa prospecting licence in Zambia (8589-HQ-LPL) has been transferred from BHP Billiton World Exploration Inc., a subsidiary company of BHP Billiton (ASX: BHP) to Blackthorn Resources (Zambia) Limited (BRZL). BRZL is a wholly-owned subsidiary of ASX-listed company Blackthorn Resources (ASX: BTR). This licence was initially granted in November […]
THE DRILL SERGEANT: King River Copper (ASX: KRC) has claimed discovery of visible surface copper occurrences on the company’s projects located in the north eastern corner of in the Speewah Dome in Western Australia. The new prospect area, which the company has named Chapman, was discovered by its geologists while they were conducting follow-up work […]
THE DRILL SERGEANT: An ongoing review being conducted by Impact Minerals (ASX: IPT) of the recently-acquired Broken Hill Joint Venture project in New South Wales (IPT earning 80 per cent) has identified an electro-magnetic (EM) anomaly adjacent to the dormant Red Hill Mine. Impact announced the confirmation of widespread high-grade copper, nickel and platinum group […]
THE BOURSE WHISPERER: GBM Resources (ASX: GBZ) has ruled a line under the acquisition with Angka Alamjaya Sdn Bhd (AASB) of the Lubuk Mandi gold mine in Peninsular Malaysia. GBM has struck an acquisition and Joint Venture agreement with AASB, under which it has acquired approximately 40 per cent of AASB by issuing 15 per […]
THE BOURSE WHISPERER: Metals X Limited (ASX: MLX) has completed the acquisition of Rio Tinto Exploration’s interests in the Mt Davies Joint Venture in South Australia. The consideration for the acquisition is $500,000 and 870,000 fully paid ordinary shares and is subject to the normal provisions for the transfer of titles, agreements and rights with […]
THE BOURSE WHISPERER: Iron Road Limited (ASX: IRD) has had the infrastructure component of the company’s Central Eyre iron project (CEIP) located on South Australia’s Eyre Peninsula declared a major development by the South Australian Minister for Planning. The company said the declaration recognises the importance to the state of South Australia of its integrated […]
