THE BOURSE WHISPERER: Transol Corporation (ASX: TNC) has elected to exercise its option to acquire 100 per cent of the Southern Cross Bore project, which includes the Johnnies Reward gold prospect, from unlisted company Davenport Resources. The Johnnies Reward prospect is located 75 kilometres north-east of Alice Springs in the Northern Territory in the Arunta […]
THE BOURSE WHISPERER: Birimian Gold (ASX: BGS) has entered into an agreement with Randgold Resources (LSE: RRS), under which Randgold is to provide Birimian with a comprehensive exploration database for areas within the company’s Massigui gold project in southern Mali. Birimian said access to, what it considers to be a high-quality database, will enable it […]
THE BOURSE WHISPERER: Laconia Resources (ASX: LCR) has negotiated and signed a formal option agreement, which will result in the company adding 5,622 hectares, covering 11 exploration licences alongside its 100 per cent-owned Rasuhuilca project located in the Andean volcanic arc of southern Peru. Laconia indicated the new licences to be similar to the high-grade […]
THE BOURSE WHISPERER: Ferrowest (ASX: FWL) has executed a Sale and Purchase Agreement with Ngalia Resources to acquire up to 60 per cent of the Yalyirimbi iron ore project in the Northern Territory. Project location. Source: Company announcement The earn‐in requires the expenditure of $2 million on exploration and the establishment of an […]
THE DRILL SERGEANT: KalNorth Gold Mines (ASX: KGM) has calculated an initial Probable Reserve of 2.74 million tonnes at 1.36 grams per tonne gold for 119,800 ounces of gold for the company’s Mt Jewell Field. Metallurgical test work completed by the company has confirmed Mt Jewell to have free milling ore, with good recoveries. KalNorth […]
THE DRILL SERGEANT: Doray Minerals (ASX: DRM) has announced a maiden, high-grade JORC-compliant gold resource for the Judy Lode, situated adjacent to the current Wilber Lode mining operations within the company’s Andy Well gold project in Western Australia. The new Judy Lode resource follows a recent RC drilling campaign and is the second high-grade gold […]
THE DRILL SERGEANT: Australian Mines (ASX: AUZ) has received initial assay results from five of eight drill holes that have been completed at the company’s 100 per cent-owned Yargarma project in Nigeria. Source: Company announcement The Yargarma drilling program involves eight diamond core holes, which have been designed to test a series of […]
GAVIN WENDT: Over the past few weeks we’ve focused our commentary exclusively on gold. The reason is simple – no other commodity is currently exposed to the same level of misrepresentation or misunderstanding as the price of gold bullion. We’ve seen all sorts of traders and experts talking down gold’s prospects, based on recovering sharemarkets […]
THE DRILL SERGEANT: Tanami Gold (ASX: TAM) has recorded further encouraging drilling results at the company’s 100 per cent-owned Coyote gold mine in Western Australia. Recent results have been received from drilling within the Kavanagh target area, which the company indicated are to be incorporated into a Maiden Resource scheduled to be completed by early […]
THE DRILL SERGEANT: Phosphate Australia (ASX: POZ) has extended gold mineralisation at the company’s 100 per cent-owned Tuckanarra gold project in Western Australia. The extensions to gold mineralisation at Tuckanarra come via the company’s latest Phase 4 aircore drilling program, which it anticipates will further add to the resource base at the Cable-Bollard area. Phosphate […]
