THE BOURSE WHISPERER: Australian-American Mining Corporation (ASX: AIW) has released a maiden JORC-compliant resource for the company’s Blue Bell VMS project in Arizona. The maiden inferred mineral resource calculated using a 0.5 per cent copper equivalent cut-off. The numbers have come in at 6 million tonnes at 1.2 per cent copper equivalent (0.84 per cent […]
THE BOURSE WHISPERER: The proposed merger between Southern Cross Goldfields (ASX: SXG) and Polymetals Mining (ASX: PLY) is set to be completed early next week. Southern Cross said it anticipates the ‘New SXG’ shares will commence trading on the Australian Securities Exchange on Wednesday 21 August 2013, as scheduled after all required shareholder and court […]
THE DRILL SERGEANT: Millennium Minerals (ASX: MOY) has received results from reverse circulation (RC) drilling carried out at the company’s Nullagine gold project, located in the East Pilbara district of Western Australia. Millennium completed a combined total of 51 RC holes at the Au81 prospect and Golden Eagle deposit. The company said the drilling had […]
THE DRILL SERGEANT: Rox Resources (ASX: RXL) has completed a detailed analysis of regional data sets on the company’s recently-discovered Camelwood nickel sulphide deposit at Fisher East, located 500 kilometres north of Kalgoorlie in Western Australia. According to Rox the latest work has enabled it to identify a number of additional high-priority nickel sulphide drill […]
THE DRILL SERGEANT: Robust Resources (ASX: ROL) has received assay results for two further diamond drill holes recently carried out on the company’s Purple Heart prospect situated within the Lakuwahi Caldera on Romang Island in Indonesia. The latest results have followed on from earlier work at Purple Heart, with both holes intersecting gold, silver and […]
THE BOURSE WHISPERER: InterMet Resources (ASX: ITT) has signed a binding Heads of Agreement for the acquisition of privately-owned company Lancaster Resources. To fund ongoing exploration activities, InterMet has also executed a capital raising with Merchant Group to place 100 million shares at an issue price of 0.5 cents per share, with a free 1:2 […]
THE DRILL SERGEANT: Core Exploration (ASX: CXO) has claimed to have identified an undrilled, one kilometre-long copper target, which has previously returned assays up to 34 per cent copper at surface. The target is a wholly-owned exploration licence (EL) application, situated within the company’s Albarta project, north east of Alice Springs in the Northern Territory. […]
THE BOURSE WHISPERER: Chesser Resources (ASX: CHZ) is swaggering with confidence following the release of a maiden Indicated Mineral Resource. Chesser said the new Indicated resource was part of an increase to the total mineral resource for the company’s Kestanelik gold project in north western Turkey. The maiden Indicated Mineral Resource has come in at […]
THE BOURSE WHISPERER: Toro Energy (ASX: TOE) is to acquire the Lake Maitland uranium project in Western Australia from Toronto-listed Mega Uranium (TSX: MGA). The deal will result in Mega receiving 415 million fully paid ordinary shares in Toro, giving it a 28 per cent holding, just below that of major shareholder OZ Minerals with […]
THE BOURSE WHISPERER: Cassini Resources (ASX: CZI) has been buoyed by shareholder support during a recent Share Purchase Plan (SPP), which raised $834,000. Cassini has undertaken a placement of approx. 4.6 million fully paid ordinary shares at 10 cents per share to raise $466,000 (before costs). Cassini said it had received strong demand for the […]
