WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Swala Energy Ltd (SWE: ASX) Exposure to the prolific East African Rift System Investment Highlights: Early mover, partnered with quality operators. SWE is an oil and gas exploration company with a particular focus on Sub-Saharan Africa. SWE’s portfolio of assets consists […]
THE DRILL SERGEANT: Australian-American Mining Corporation (ASX: AIW) has received the latest results from the on-going maiden drilling program being carried out at the company’s Blue Bell project in Arizona. The company has been encouraged by the drilling, which it said has continued to return copper-zinc-gold-silver intersections. “These further positive Phase 1 drill results extend […]
THE DRILL SERGEANT: Recently-conducted RC drilling by Castle Minerals (ASX: CDT) at the company’s Bundi prospect in north‐west Ghana has intersected a coherent zone of gold mineralisation over at least 1100 metres strike. Gold intercepts (5m RC composite samples) from the RC drilling at Bundi include: – 10 metres at 1.27 grams per tonne […]
THE DRILL SERGEANT: Red Mountain Mining (ASX: RMX) has received high-grade gold surface sample results from the Ulupong gold discovery, located at the Lobo prospect within the company’s Batangas gold project, south of Manila in the Philippines. The results include 6.63 grams per tonne gold and 67.4 grams per tonne silver from sub-cropping quartz-sulphide boulders […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Appointment of managing director and non-executive director RMA Energy (ASX: RMT) has appointed Qin Weihong as managing director. Qin has been an executive director of RMA since August 2012. The company also advised Nigel Ferguson will not […]
THE BOURSE WHISPERER: There is currently no shortage of junior resources exploration companies with projects that have potential to become viable economic mining operations. There is, however, a shortage of fund providers willing to bankroll them. According to IntierraRMG the first quarter of 2013 has been a challenging time for, not just the Australian mining […]
THE DRILL SERGEANT: Condor Blanco Mines (ASX: CDB) has intersected sulphide mineralisation while conducting diamond drilling at the company’s Carachapampa project in the Maricunga Belt of northern Chile. Project location plan. Source: Company announcement Condor Blanco explained the mineralisation was intersected over a vertical depth of 137.85 metres and remains open at the […]
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has completed a review of the company’s Mulga Tank nickel project near Kalgoorlie in Western Australia. Impact said the review has demonstrated the project’s potential for further massive nickel sulphide mineralisation and has identified two priority areas for immediate follow up. The company said the review and synthesis […]
THE DRILL SERGEANT: Kibaran Resources (ASX: KNL) has announced a Maiden Inferred JORC Mineral Resource for the Epanko prospect, which the company considers to be a key graphite target within its Mahenge graphite project in Tanzania, Africa. The Resource outperformed internal expectations by measuring in at 14.9 million tonnes at 10.5 per cent total graphitic […]
THE DRILL SERGEANT: Silver Lake Resources (ASX: SLR) has received results from recently-conducted infill drilling activities at Hollandaire, situated within the Eelya Complex, part of the company’s Murchison gold project located 600 kilometres north of Perth. Highlights from the drilling include: – 12 metres at 8.7 per cent copper, including 5 metres at 3.1 grams […]
