THE DRILL SERGEANT: Canyon Resources (ASX: CAY) has received results from a recently completed RAB (Rotary Air Blast) drilling campaign on the company’s Tao project in north eastern Burkina Faso, which it claims has extended gold mineralisation. Canyon carried out the 168 hole RAB drilling program south of the Tondoby prospect. Tao project drill […]
THE BOURSE WHISPERER: Crest Minerals (ASX: CTT) has executed a binding Memorandum of Understanding to acquire the Comet Vale gold project, located in the Eastern Goldfields region of Western Australia from Reed Resources (ASX: RDR) for $6 million in cash. Crest is to acquire Reed’s subsidiary company Sand Queen Gold Mines, which holds the Comet […]
THE BOURSE WHISPERER: KalNorth Gold Mines (ASX: KGM) has announced a second open pit mining operation at the company’s KalNorth Gold Field, unveiling plans to develop the Gambia deposit at the Kalpini Field. With the company’s Lindsay’s Field already in production, Kalpini will be the second in the sequence of four open pit mining operations […]
THE DRILL SERGEANT: Phoenix Gold (ASX: PXG) has encountered high-grade gold intersections from a drill program being carried out on the Red Dam gold project, part of the company’s Broads Dam project area. The project is located in the Western Australian Goldfields, less than 40 kilometres from Kalgoorlie and approximately 12 km, by existing haulage […]
THE DRILL SERGEANT: Step-out drilling being conducted by Chesser Resources (ASX: CHZ) at the company’s Kestanelik gold project in Turkey has identified further extensions to gold bearing vein systems and new gold zones, in areas outside of the project’s current JORC Mineral Resource. Chesser has received results for a further 34 holes from the current […]
THE BOURSE WHISPERER: Azure Minerals (ASX: AZS) has sold two of its Mexican projects – the Estacion Llano and San Juan projects, located in the state of Sonora, Mexico. The proceeds from the sale of the two properties are US$100,000. Azure Minerals said the sale of the two non-core projects is in line with the […]
THE BOURSE WHISPERER: Apollo Minerals (ASX: AON) has signed a non-binding term sheet with Jindal Steel and Power (Australia) Pty Ltd, a wholly owned subsidiary of Jindal Steel and Power Limited (JSPL) for a major investment into Apollo’s iron ore projects. JSPL is a leading public company, listed in India on the National Stock Exchange […]
THE DRILL SERGEANT: Drilling being conducted by Australian-American Mining Corporation (ASX: AIW) at the company’s Blue Bell project in Arizona is continuing to deliver good news in the form of further copper-gold-silver massive sulphide intersections. Latest results from drilling at Blue Bell have included: – 9 metres at 0.9 per cent Copper Equivalent (0.8 […]
THE DRILL SERGEANT: Trafford Resources (TRF: ASX) has received all results for a recently-completed maiden drilling program at the company’s Twin Peaks project, located in the Murchison Region of, Western Australia. The Twin Peaks project is a Joint Venture between Trafford and Independence Group (ASX: IGO), in which Trafford may earn up to an 80 […]
THE BOURSE WHISPERER: Cauldron Energy (ASX: CXU) is making an off-market takeover bid to acquire all of the ordinary shares of Energia Minerals (ASX: EMX). Under the terms of the cauldron bid, Energia shareholders will be offered one Cauldron share for every eight Energia shares they hold. This values each Energia share at an implied […]
