THE DRILL SERGEANT: The completion of a 42 hole air-core drill program has led Alloy Resources (ASX: AYR) to claim a new greenfileds gold discovery. The drilling was carried out on the Crack of Dawn and Dusk til Dawn prospects at the company’s Horse Well project in Western Australia during mid-December 2012. The program tested […]
THE DRILL SERGEANT: Mutiny Gold (ASX: MYG) has welcomed Canadian-based Sandstorm Gold to the company’s share register. Mutiny has issued Sandstorm 22 million shares in respect of a USD$2 million converting loan provided to the company in November last year. Mutiny Gold said the issue of shares recognised a critical milestone in the development of […]
THE DRILL SERGEANT: Northern Star Resources (ASX: NST) is beginning to reap the benefits of an ongoing $20 million exploration program being conducted on the company’s7000 square kilometre landholding in the Ashburton region of Western Australia. Results of a round of drilling last year, which returned 9m at 12.7g/t gold, motivated Northern Star to design […]
THE BOURSE WHISPERER: Krucible Minerals (ASX: KRB) has accepted a non-binding offer from Daton Group Australia (ASX: DTG), a fertilizer manufacturer with activities in Queensland and a new plant being built in Brisbane, to buy Krucible’s phosphate bearing tenements for $12 million. The proposal relates to all 13 of Krucible’s phosphate bearing tenements, including the […]
THE DRILL SERGEANT: Ventnor Resources (ASX: VRX) has resumed drilling at the company’s Thaduna/Green Dragon copper project in Western Australia following the break over Christmas. The company has drilling planned for the first seven holes, from which it anticipates to intersect a high-grade shoot it identified in drilling before the break. The company said the […]
THE DRILL SERGEANT: The good news keeps coming for Sirius Resources (ASX: SIR) with ongoing drilling at the company’s Nova project confirming the continuity and grade of the deposit. Sirius indicated it is currently on schedule for maiden JORC mineral resource estimate around the end of March with five drill rigs currently deployed on Nova. […]
THE BOURSE WHISPERER: To paraphrase Mark Twain, it would seem the reports concerning the possible demise of Fortescue Metals Group (ASX: FMG) have been grossly overstated. The company has signed up Western Australia-based mining contractor Macmahon Holdings (ASX: MAH) to deliver open cut mining services as part of FMG’s Christmas Creek mine expansion. Mcmahon trumpeted […]
THE BOURSE WHISPERER: Altona Mining (ASX: AOH) is making solid progress in regard to operations on the company’s Outokumpu project in South East Finland. The Outokumpu project comprises the new Kylylahti underground mine and the refurbished Luikonlahti processing plant. The operation involves ore being trucked 42 kilometres from the mine to the mill. “I am […]
THE DRILL SERGEANT: Recently completed drilling by Orinoco Gold (ASX: OGX) has extended the size of a gold-bearing quartz carbonate vein system at the Cascavel target, situated within the company’s 70 per cent-owned Curral de Pedra project, located in the central Brazilian state of Goiás. Orinoco said the drilling has more than tripled the known […]
THE DRILL SERGEANT: Madagascar-focused exploration play Aziana Limited (ASX: AZK) has commenced exploration on graphite exploration licenses situated with the company’s Belanitra graphite project in the Fisoroana-Belanitra district. The exploration permit (TN20187) comprises five tenement squares covering an area of 31.25 square kilometres. The licensed area is held by Aziana’s wholly-owned Madagascar subsidiary, Tanety Lava, […]
