THE DRILL SERGEANT: Avalon Minerals (ASX: AVI) has announced a Mineral Resource estimate upgrade at the D Zone prospect, located on the company’s Viscaria project in northern Sweden. Project location. Source: Company announcement The company explained the resource upgrade follows a recently-completed 2012-2013 northern hemisphere winter extensional drill program where 43 drill holes […]
THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has received results from the first three drill holes from the company’s Cascada copper-gold-silver project, located in the state of Chihuahua, Mexico. Azure has received assays from the first three holes of the program, which include an exceptional drill intercept of 129 metres at 2.9 per cent copper […]
THE BOURSE WHISPERER: Dual-listed Moly Mines (ASX/TSX: MOL) has obtained shareholder approval to proceed with a mine gate sale agreement for iron ore produced at the company’s Spinifex Ridge iron ore mine. The agreement is with Mineral Resources (ASX: MIN) and is to come into effect from 1 July 2013. Under the Transaction, Moly Mines’ […]
THE BOURSE WHISPERER: Consolidated Tin Mines (ASX: CSD) has had a review conducted of the recently-announced Resource upgrade at the company’s Mt Garnet tin project, near Cairns in northern Queensland. The review has delivered a further increase in the Resource Estimate. The new, revised total JORC Resource estimate is: – 13.12 million tonnes at 0.39 […]
THE DRILL SERGEANT: Phoenix Gold (ASX: PXG) has received further results from drilling being conducted immediately north of Stage 1 at the company’s Castle Hill gold project, located on the Kunanalling shear zone in the Western Australian Goldfields, less than 50 kilometres from Kalgoorlie. Phoenix Gold said the latest results have extended gold mineralisation at […]
THE DRILL SERGEANT: Hazelwood Resources (ASX: HAZ) has received results from recently-completed drilling at the Mt Mulgine tungsten project in Western Australia. Hazelwood owns 70 per cent of the tungsten and molybdenum rights, Gindalbie Metals (ASX: GBG) 30 per cent, and Minjar Gold Pty Ltd, a subsidiary of Shandong Tainye Group, has gold rights to […]
THE BOURSE WHISPERER: Saracen Mineral Holdings (ASX:SAR) has restructured its hedging program and reduced the amount of its debt facilities. The company indicated restructuring was undertaken to align with reduced expenditures it had previously announced in a strategic review of its business in May that is aimed at reducing ‘all in’ sustaining cash costs to […]
THE DRILL SERGEANT: Avanco Resources (ASX: AVB) has reported a 46 per cent increase in the JORC Code-compliant Reported Mineral Resources at the Pedra Branca West deposit, located in the Carajás Mineral Province in northern Brazil. The increase represents a 15 per cent increase overall at Stage II. The JORC Reported Mineral Resource Inventory for […]
THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has commenced exploration drilling at the company’s Top Up Rise project (TUR) in the Gibson Desert region of Western Australia. The drilling program is testing a large gravity anomaly of approximately 10 kilometres by 6 kilometres in size. Corazon has reported that copper sulphide (chalcopyrite) mineralisation has been […]
THE DRILL SERGEANT: General Mining Corporation (ASX: GMM) has received results from the first round of drilling at the company’s Chesterfield gold project, 50 kilometres north-west of Meekatharra in Western Australia. The drilling has returned numerous high-grade intersections – up to 61 grams per tonne gold, which General Mining said demonstrates Chesterfield has potential to […]
