THE BOURSE WHISPERER: Havilah Resources (ASX: HAV) has claimed confirmation of a new iron ore discovery at the Grants prospect in the Braemar Iron Ore Province in northeastern South Australia. The company described the discovery as having no overburden and is situated eight kilometres from the Transcontinental railway in close proximity to other power and […]
THE DRILL SEREGANT: Silver Lake Resources (ASX: SLR) has provided an update on drilling activities from an ongoing $20 million exploration program targeting copper and other base metals within the Eelya Complex, part of the company’s Murchison project located 600 kilometres North of Perth. Silver Lake commenced drilling at the Eelya Complex in September 2011, […]
THE DRILL SERGEANT: Bassari Resources (ASX: BSR) has taken the Indicated and Inferred Mineral Resource estimate at the company’s Makabingui gold project in Senegal West Africa to over the 1 million ounce mark. The company has announced a JORC Code-compliant Indicated and Inferred Mineral Resource estimate 11.9 million tonnes at 2.6 grams per tonne gold, […]
THE BOURSE WHISPERER: Thor Mining (ASX: THR) (AIM: THR) has made significant progress in its staged acquisition of the Spring Hill gold project south of Darwin in the Northern Territory. Thor has received a signed instrument of transfer from Western Desert Resources (ASX: WDR), its co-venturer in the project, for the transfer of a […]
THE BOURSE WHISPERER: Aguia Resources (ASX: AGR) has signed a Term Sheet with IAMGOLD Corporation to acquire a large prospective landholding located to the southwest and along strike from the company’s Tres Estradas phosphate discovery in the state of Rio Grande do Sul in southern Brazil. Aguia already boasts a prospective land package of over […]
THE DRILL SERGEANT: Mining Group Limited (ASX: MNE) has received further positive results from a high-grade gold bearing vein system at the Taub prospect at the company’s Comval copper gold project in the Philippines. Mining Group claims Taub as a newly-discovered gold prospect situated approximately 7.5 kilometres north of the Tagpura copper deposit. Location […]
THE BOURSE WHISPERER: Mungana Goldmines (ASX: MUX) and its 100 per cent-owned subsidiary Nyngan Gold, have agreed to enter into a farm-in agreement with AngloGold Ashanti Australia (ASX: AGG) on the Nyngan gold project in New South Wales. The farm-in agreement relates to exploration licences EL7751 and EL7752 and exploration licence applications ELA4288 and ELA4479. […]
THE BOURSE WHISPERER: Goodrich Resources (ASX: GRX) has entered into a sales and purchase agreement with Gem Diamonds Limited (LSE: GEMD). The deal will result in Goodrich acquiring 100 per cent of the shares of Gem Diamonds Australia Holdings, owner and operator of the Ellendale diamond mine. The Ellendale Mining Lease (covering 123.9 square kilometres) […]
THE BOURSE WHISPERER: Bauxite development company, Australian Bauxite Limited (ASX: ABZ) has completed investigative drilling as part of the due diligence process in respect to the acquisition of Mining Lease ML80126. The mining lease is located 25 kilometres south of Mundubbera and 155 kilometres southwest of Bundaberg Port in central Queensland. Australian Bauxite tenements […]
THE DRILL SERGEANT: Recent drilling along the Moonlight structure by Evolution Mining (ASX: EVN) at the company’s 100 per cent-owned Pajingo gold mine in North Queensland has intersected a new high-grade gold shoot. The newly-identified shoot has been given the moniker Io (pronounced “eye oh”) and is situated approximately 200 metres south of the Moonlight […]
