INTIERRA-RMG: The 3,486 companies that make up the global mining industry had a combined market capitalisation of US$2,543 billion at the end of last year, for an average corporate valuation of some US$730 million. This rather bland statistic hides, however, a huge variation in the structure of the industry. On the final trading day of […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Luiri Gold Limited (ASX: LGM) The current management team gained control of the Luiri Hill gold project in early 2011, following the Zambian Government cancelling the previous operator’s licence due to non-performance. In order to satisfy the Government, Luiri Gold has […]
A fruitful review of historical exploration data of the Rasuhuilca project in Peru has developed Laconia Resources’ appreciation of narrow vein, high-grade copper-gold-silver deposits. When Laconia Resources (ASX: LCR) first informed the market of its intention to acquire the Rasuhuilca high-grade gold-silver project in the Southern Andes of Peru, the company’s managing director Ian Stuart […]
A recent Scoping Study by Potash West has determined the Dandaragan trough project has strong economic fundamentals. Potash West (ASX: PWN) announced the results of its initial Scoping Study into the production of potassium sulphate and other products from its Dandaragan Trough project in January. The study considered a start-up rate of 2.4 million tonnes […]
The Australian Bureau of Statistics has released figures showing a decline in mineral exploration expenditure toward the end of 2012. The Bureau’s MINERAL AND PETROLEUM EXPLORATION report for the DECEMBER QUARTER 2012 paints a sobering picture for the sector, which has so far enjoyed a, relatively, buoyant beginning to 2013. “The recent release by the […]
THE DRILL SERGEANT: White Rock Minerals (ASX: WRM) has been encouraged by further shallow gold results from a recently completed drilling program undertaken on its Red Rock prospect. The company considers the latest results have strengthened the potential for the Red Rock prospect to be incorporated as a new resource in an expanded mine plan […]
THE DRILL SERGEANT: Core Exploration (ASX: CXO) has completed its first reconnaissance mapping and surface rock-chip sampling foray at the Blueys prospect, situated within the company’s Albarta project in the Northern Territory. Core said the recently-conducted sampling program had confirmed high-grade silver and high-grade copper at surface at Blueys. The Albarta project covers over 2,000 […]
THE DRILL SERGEANT: Castle Minerals (ASX: CDT) has increased the total gold resource for the Julie West prospect in Ghana by 24 per cent to 487,100 tonnes at 4.4 grams per tonne gold for 69,000 ounces. The increase at Julie West comes from a maiden resource estimate the company has completed for the high-grade Danyawu […]
THE DRILL SERGEANT: Resource and Investment (ASX: RNI) has received assay results recently completed drilling programs at the Jacques gold discovery. The Jacques prospect (RNI 80 per cent) is part of the Morck’s Well group of tenements within the company’s Grosvenor gold and base metals project near Meekatharra in Western Australia. The assay results from […]
THE DRILL SERGEANT: Avalon Minerals (ASX: AVI) has released assay results for seven drill holes from the current drill program being conducted on the D Zone prospect at the company’s Viscaria copper project in northern Sweden. Project location. Source: Company announcement Intersections from the assays include: – 34.8 metres at 1.2 per cent […]
