THE DRILL SERGEANT: Phoenix Gold (ASX: PXG) has increased the company’s total Mineral Resources at the company’s Castle Hill project to 45.35 million tonnes at 1.7 grams per tonne gold for 2.52 million ounces. The company indicated this figure represents an increase of 324 per cent since it acquired the project in 2010. Recent upgrades […]
THE BOURSE WHISPERER: Mutiny Gold (ASX: MYG) has struck a financing agreement with Canadian Institution, Sandstorm Gold (TSX: SSL) for $41 million (US$43 million), which the company indicated is pivotal to meeting the $102 million financing requirements needed to bring its Deflector gold-copper project in the Murchison region of Western Australia into production by Q4 […]
THE DRILL SERGEANT: Archer Exploration (ASX: AXE) has reported a Phase 1 JORC Resource for the Campoona graphite deposit at the company’s Campoona graphite project located 15 kilometres north of Cleve on Eyre Peninsula, South Australia. The maiden JORC Resource at Campoona has come in at 2.572 million tonnes grading 12.3 per cent total graphitic […]
THE BOURSE WHISPERER: Eastern Iron Limited (ASX: EFE) has received the results from scoping studies recently completed at the company’s 100 per cent-owned Nowa Nowa iron project in Eastern Victoria. The company said the studies have indicated the potential for development of a mining operation based on a previously announced resource of high grade magnetite […]
THE BOURSE WHISPERER: PMI Gold Corporation (ASX: PVM) (TSX: PVM) and Keegan Resources (TSX: KGN) (NYSE MKT: KGN) have entered into a definitive arrangement agreement to combine their respective businesses to create a substantial West African gold development company. The merger of equals will be known as Asanko Gold Inc. in reference to the West […]
UPCOMING FLOATS: Who’s due to list on the boards of the Australian Securities Exchange and what they’re all about. Enterprise Uranium Limited Proposed ASX code: ENU Proposed listing date: 12 December 2012 Western Australia-based Enterprise Uranium is focused on uranium exploration in Australia with an objective to discover and develop one, or more, […]
THE DRILL SERGEANT: Perth-based Viking Ashanti (ASX:VKA) has reported a second high-grade gold hit over 20 metres down hole width and at shallow depth from drilling conducted at the company’s Akoase gold project in southern Ghana, West Africa. Project locations in Southern Ghana. Source: Company announcement According to Vikings announcement to the ASX […]
THE BOURSE WHISPERER: Sandfire Resources (ASX: SFR) has sold its first shipment of copper concentrate from the company’s 100 per cent-owned DeGrussa copper-gold mine in Western Australia. DeGrussa copper mine location. Source: Company announcement The maiden shipment comprised 4,958 dry tonnes of copper concentrate grading approximately 22 per cent copper and was produced […]
THE DRILL SERGEANT: Phoenix Gold (ASX: PXG) has received early results from a drilling program the company recently commenced at its Castle Hill gold project located in the Western Australian Goldfields, less than 50 kilometres from Kalgoorlie. The results included intercepts of: – 94 metres at 2.6 grams per tonne gold from 88 metres; – […]
THE BOURSE WHISPERER: Every now and then The Roadhouse obtains research notes from different research establishments. Here’s a couple that hit our inbox this week. Sovereign Gold (ASX: SOC) Sovereign Gold (ASX: SOC) is focused on exploration of the Rocky River-Uralla Goldfield, located in north eastern New South Wales near Armidale. Historical workings in the […]
