THE DRILL SERGEANT: Mamba Minerals (ASX: MAB) has intersected 61 metres of hematite in the second diamond hole drilled to test a significant hematite target at its Snelgrove Lake iron project, located in the Labrador Trough in eastern Canada. Source: Company announcement The hematite was intersected at a down hole depth of just […]
THE DRILL SERGEANT: Current exploration work being undertaken by Triton Minerals (ASX: TON) has located graphitic mineralisation outcropping, with a strike length of approximately 3.75 kilometres within the company’s Target 1 area at the Balama North project in Mozambique. The company said an initial mapping program conducted on the key Balama License had identified graphite […]
THE DRILL SERGEANT: Hannans Reward (ASX: HNR) has received assay results from the last of the historic copper-gold intercepts from profiles 2 and 3 from the Central Orebody at the company’s 100 per cent-owned Pahtohavare project located in northern Sweden. Hannans initial data interpretation has been focused on the Central Orebody, one of three orebodies […]
THE BOURSE WHISPERER: Mutiny Gold has booked a profit of $11 million following a recent strategic gold transaction. Mutiny, along with its adviser Noahs Rule, used a $75 million gold buying facility the company has been provided by Credit Suisse to take advantage of, what it perceived to be a recent weakness in the gold […]
THE DRILL SERGEANT: Laconia Resources (ASX: LCR) has identified high-grade copper-gold-silver in historical diamond drilling and surface channel sampling at its newly-optioned Fortuna prospect, located within the company’s Rasuhuilca project in Peru. Although the company indicated the results represent early-stage exploration work, it also said it considers them to be of some significance for two […]
THE DRILL SERGEANT: Tanami Gold (ASX: TAM) has announced a Maiden Resource Estimate of 122,000 tonnes at a grade of 25.2 grams per tonne gold for 100,000 ounces of gold for the Kavanagh mineralisation at the company’s operating Coyote gold mine in Western Australia. The estimate follows a drilling campaign conducted by Tanami over the […]
THE DRILL SERGEANT: Altona Mining (ASX: AOH) has updated the Mineral Resource and Ore Reserve Estimates for the 100 per cent-owned Kylylahti underground mine at the company’s Outokumpu project in Finland. The December 2012 Resource Estimate for the Kylylahti mine is 7.9 million tonnes at 1.25 per cent copper, 0.69 grams per tonne gold and […]
THE BOURSE WHISPERER: Fox Resources (ASX: FXR) has completed the definitive Farm-In and Joint Venture Agreement announced in January with Pilbara Minerals Limited (ASX: PLS). The JV is focused on the development of 10 of the latter’s 14 exploration tenements located in the West Pilbara region of Western Australia. The two companies are now working […]
THE DRILL SERGEANT: Mithril Resources (ASX: MTH) has received positive results from a recently completed drilling program conducted at the company’s wholly-owned Spargos Reward gold mine, located approximately 30 kilometres west of Kambalda in Western Australia. Mithril said the latest drilling has identified a new gold zone – named the Evans prospect – immediately south […]
THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) has claimed to have intersected a new zone of zinc, silver and gold mineralisation at the Tank Hill target at the company’s Menninnie Dam project, located in the southern Gawler Craton region of South Australia. Musgrave has carried out broad-spaced reverse circulation (RC) drilling at Tank Hill, […]
