Entries by Wally Graham

Mincor Resources strikes $30 million gold – copper deal

ASX-listed Perth-based nickel miner Mincor Resources has advanced its growth and diversification strategy after striking a $30 million joint venture deal covering a suite of high-potential gold and copper exploration projects in Papua New Guinea. The transaction with PNG exploration company Niuminco Limited and its subsidiaries, provides Mincor access to a pipeline of growth assets […]

Assays confirm gold at Restdown Joint Venture

THE DRILL SERGEANT: Helix Resources recently completed a total of 59 drill holes, completing around 6,000 metres of RC drilling, on its Restdown gold joint venture (Helix earning 70% by expending $700,000 by June 2012; Glencore International AG 100%) during April. The program was carried out to test extensions and continuity of significant gold results […]

Arafura Resources completes key technology

THE BOURSE WHISPERER: Australian rare earths company Arafura Resources has successfully completed its Hydrochloric acid regeneration program. The program is an integral part of the company’s wider, previously reported Technology program. The process involves taking calcium chloride residues from the Phosphate circuit and re-acting them with Sulphuric acid to produce re-useable Hydrochloric acid, a key […]

Glory Resources maiden drill identifies 4km PGM-Cu-Ni Target

THE DRILL SERGEANT: The maiden drilling program of Glory Resources on its flagship Onion Lake project has intersected a mafic intrusion. According to Glory the intersected mafic intrusion sequence is geochemically similar and is likely to represent an extension to the adjacent Magma Metals mafic-ultramafic conduits, namely the Current Lake Intrusive Complex. At Current Lake, […]

SA-NSW iron ore alliance formed

THE BOURSE WHISPERER: An interstate consortium of iron ore explorers has formed the Braemar Iron Alliance, to promote common infrastructure development for mining and to advance their common interests. The companies all are actively exploring to define iron ore deposits within the Braemar Iron Formation, an iron ore province starting west of Broken Hill and […]

MacPhersons and Reed enter Nimbus MOU

THE BOURSE WHISPERER: Some interesting acquisition activity on the Goldfields has resulted in MacPhersons Reward Gold enter a binding Memorandum of Understanding with regional mainstay Reed Resources/ Under the MOU MacPhersons is set to acquire the assets of Reed’s Nimbus silver project, located at Kalgoorlie, including mine, mill and polymetallic deposits.   The package comes […]

Blackthorn Resources to fly solo after BHP withdrawal

THE BOURSE WHISPERER: Blackthorn Resources has found out that its major Joint Venture partner BHP Billiton intends to withdraw from direct involvement in the Mumbwa JV Project in Zambia. Not all is lost for the junior member of the partnership however, as under the terms of the JV agreement BHP will assign its interest to […]

Laconia lines up Pilbara portfolio

A lot of junior resources companies claim to be flying under the market radar but there are times when you actually have to ask if that radar is really turned on. One case in point is Perth-based base metals explorer Laconia Resources. Having listed in 2009 Laconia has put together an impressive portfolio of advanced […]

Gold Road welcomes third drill rig

THE DRILL SERGEANT: A third drill rig has arrived at the Yamarna Gold Belt of Perth-based Gold Road Resources to accelerate the current exploration program underway at Hann, Central Bore, Justinian and Attila gold projects. The Yamarna Belt is located 140 kilometres east of Laverton on the eastern Goldfields of Western Australia. The new RC […]

Musgrave Minerals moves on Moorilyanna

THE DRILL SERGEANT: Mineral explorer Musgrave Minerals has commenced a program of aircore drilling at its 100% owned Moorilyanna project. Moorilyanna is located on the eastern edge of the Musgrave Geological Province and sits just 40 kilometres west of the Stuart Highway and Adelaide to Darwin railway line, in South Australia. The aircore drilling program […]