THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Resignation of the non-executive chairman Renaissance Minerals (ASX: RNS) announced the resignation of Rick Hart as non-executive chairman of the company due to other business commitments. “Rick was a founding director of the company and, on behalf of […]
THE BOURSE WHISPERER: Minotaur Exploration (ASX: MEP) has lodged a Bidder’s Statement with the ASX and ASIC in relation to its takeover offer for Breakaway Resources (ASX: BRW). Minotaur is offering to exchange one Minotaur share for every ten Breakaway shares. Minotaur Exploration chairman Derek Carter said the Breakaway Board had publicly endorsed his company’s […]
THE DRILL SERGEANT: Sirius Resources (ASX: SIR) has completed reconnaissance drilling it claims to have identified two new zones of gold anomalism at the first gold targets tested on the company’s 100 per cent-owned Polar Bear project. Sirius said reconnaissance aircore drilling has defined two broad supergene gold anomalies in addition to those it reported […]
THE DRILL SERGEANT: Sovereign Gold (ASX: SOC) is making a lot of noise concerning the possibility it has encountered, what he company describe to be, “a giant new gold system” at its Mount Adrah gold project, near Wagga Wagga. The claim comes after the company received final drill results from the first drill hole. Latest […]
THE BOURSE WHISPERER: Bass Metals (ASX: BSM) has signed a non-binding memorandum of understanding (MoU) with a private Turkish group. Under the MoU the two companies intend to acquire, explore and develop mining projects in Turkey through a 50:50 Turkish joint venture company structure. Bass said the signing of the agreement follows the company’s evaluation […]
THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) is confident of extending the mine life of its Jambreiro iron ore project in south-east Brazil after reporting an updated JORC Mineral Resource featuring an increase in the Measured and Indicated Friable Itabirite Resource component. The overall JORC Mineral Resource for Jambreiro (combined Measured, Indicated and Inferred) has […]
THE DRILL SERGEANT: St George Mining (ASX: SGQ) is convinced it has achieved an important breakthrough in exploration at the company’s 100 per cent-owned Cambridge nickel project, located at its East Laverton Property in the North Eastern Goldfields region of Western Australia. The first phase of St George’s 2013 drilling campaign has provided new information […]
THE BOURSE WHISPERER: Doray Minerals (ASX: DRM) has announced construction of the company’s 200,000 tonnes per annum gravity and CIP gold processing plant at the Andy Well gold project has reached Practical Completion. The company said it had reached this milestone under budget and ahead of schedule. Commissioning of the processing plant is well advanced […]
THE BOURSE WHISPERER: MacPhersons Resources (ASX: MRP) has agreed to the the acquisition of additional tenements adjacent to the company’s 100 per cent-owned Nimbus and Boorara tenements. The tenements are situated along the Boorara – Kanowna and Mount Monger shear zones, which MacPhersons indicated are host to gold, silver and base metal deposits. The land […]
THE DRILL SERGEANT: Alacer Gold. (ASX: AQG) has announced an updated Mineral Resource estimate for the company’s Çöpler gold-silver-copper deposit in Turkey. The updated Çöpler resource estimate has resulted in Measured and Indicated Resources increasing to 194.2 million tonnes at 1.4 grams per tonne gold, for 8.5 million ounces (inclusive of reserves). “I am pleased […]
