THE BOURSE WHISPERER: Australian-American Mining Corporation (ASX: AIW) has completed a placement to sophisticated investors of over 21.5 million shares at 4.2 cents per share, raising $905,000 before costs. The company indicated the funds raised will be used to advance its Bluebell and De Soto VMS copper-gold-silver projects located in Arizona in the United States […]
THE BOURSE WHISPERER: Cougar Metals (ASX: CGM) has exercised its Option Agreement with Kenora Prospectors & Miners to acquire a 51 per cent interest in the Shoal Lake gold project located in the Province of Ontario, Canada. “This agreement marks a change in focus for Cougar’s exploration team and provides shareholders with the opportunity to […]
THE BOURSE WHISPERER: Golden Rim Resources (ASX: GMR) has completed a maiden Mineral Resource estimate and received preliminary Scoping Study estimates on the Netiana Lodes at the company’s Balogo project, in Burkina Faso. The company has had an estimated JORC-code compliant Inferred Resource calculated of 850,000 tonnes at 6.8 grams per tonne gold for 185,000 […]
THE DRILL SERGEANT: Gold Anomaly (ASX: GOA) has commenced testwork aimed at the early development of the High Grade Zone (HGZ) at the company’s Crater Mountain gold project in Papua New Guinea with a view to starting a small scale operation by the end of 2014. The HGZ is an area close to the Top […]
THE DRILL SERGEANT: Renaissance Minerals (ASX: RNS) has been encouraged by the receipt of further results from ongoing work, including regional soil geochemical sampling and a recently-commenced RC drilling program, being carried out on the company’s Okvau gold deposit in Cambodia. Renaissance has been undertaking a regional soil geochemical program targeting large areas of the […]
THE DRILL SERGEANT: IMX Resources (ASX: IXR) has received results from a recently completed gravity survey campaign in the Ntaka Hill-Lionja trend, within its Nachingwea land package, in Tanzania. IMX said the results of the gravity survey indicate the presence of a larger area of ultramafic rocks associated with the company’s Ntaka Hill nickel sulphide […]
THE DRILL SERGEANT: Gold Road Resources has started 2013 on a happy note by intersecting 185 grams per tonne from its first drill hole of the year at the company’s Central Bore project located on its wholly-owned Yamarna Belt in Western Australia. The drillhole was completed in late January 2013, and is the seventh hole […]
THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) has claimed assay results have confirmed the Calibre discovery at the company’s Citadel project in the Paterson Province of Western Australia to be a major new gold-copper deposit. Antipa has completed only two diamond drillholes at Calibre prospect, however both of these have returned 270 to 350 […]
THE BOURSE WHISPERER: Deep Yellow (ASX: DYL) has announced an updated Mineral Resource estimate for the company’s Ongolo Alaskite deposits in Namibia. The upgrade of the Ongolo Resource includes for the first time a contribution from the satellite Ongolo South Deposit of 3.1 Mt at 364 parts per million uranium for 2.5 million pounds of […]
THE BOURSE WHISPERER: Tanami Gold (ASX: TAM) has reached agreement with Patersons Securities to underwrite a renounceable pro-rata entitlements issue to raise $65.3 million before costs, subject to Patersons being satisfied with the due diligence process and the company issuing a Prospectus. The Entitlements Issue will be made to eligible shareholders at an issue price […]
