THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has been given the go-ahead for the immediate drilling of a second 1,000 metre deep drill hole at its La Tortuga project, located in the state of Sonora, Mexico by its Joint Venture (JV) partner, Japanese Government organisation JOGMEC. The JV considered the results of a first exploration […]
THE DRILL SERGEANT: Recent reconnaissance mapping and sampling work undertaken by Golden Rim Resources (ASX: GMR) has identified four high-priority areas within the company’s Sebba project in Burkina Faso. Golden Rim considers the areas, located on the Gandi, Namantougou and Komondi permits, to represent immediate drill targets and has scheduled a program of Reverse Circulation […]
THE DRILL SERGEANT: Iron Road Limited (ASX: IRD) has announced a resource upgrade at the company’s Central Eyre iron project (CEIP). The Mineral Resources at CEIP have increased in size from 2.1 billion tonnes to 2.6 billion tonnes. The upgrade comes as part of an ongoing Mineral Resource expansion drilling program. Source: Company announcement […]
THE DRILL SERGEANT: Venturex Resources (ASX: VXR) has upgraded the Mineral Resource for the company’s Sulphur Springs copper-zinc deposit in the Pilbara region of Western Australia. The upgrade follows the completion of a Reverse Circulation drilling program at Sulphur Springs, which Venturex said has confirmed high grade extensions to the Western Lens copper-zinc mineralisation. Incorporation […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe Potash West (ASX: PWN) Potash West recently released a maiden JORC resource of 244 million tonnes of potassium rich greensands at the Dinner Hill prospect. Encouragingly, only 20 per cent of the Dinner Hill prospect area (and none of […]
GUEST CONTRIBUTOR: Association of Mining and Exploration Companies (AMEC) CEO Simon Bennison says it’s no secret that the Australian mineral exploration and mining industry is currently facing difficult times. The industry is no longer as cost competitive as it once was with production costs continuing to rise dramatically. Exploration and mining companies are experiencing […]
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has identified four new gold geochemical anomalies at Tobin Hill East on the company’s wholly-owned Yamarna gold belt in Western Australia. Tobin Hill East gold anomalies image (white and red) over larger magnetic image. Source: Company announcement The latest finds bring the total number of […]
ONE OFF THE WOOD: Impact Minerals (ASX: IPT) managing director Mike Jones dropped in to tell us about the company’s projects in Botswana and its increased stake in Invictus Gold (ASX: IVG). Impact Minerals has been in Botswana for some time. What are the projects you have been working on? We have two projects […]
THE BOURSE WHISPERER: West Africa-focussed resources company Volta Mining (ASX: VTM) is pleased to announce it has entered into a binding Heads of Agreement (“HOA”) with Core Mining. The deal will result in Volta Mining, through its 100 per cent-owned Mauritian subsidiary, Volta West Africa, acquiring 100 per cent interest in Core Mining Gabon SARL, […]
THE BOURSE WHISPERER: YTC Resources (ASX: YTC) has agreed binding terms with Glencore International for the provision of up to A$155 million in debt and converting note facilities. Glencore has also subscribed for $2.95 million worth of YTC shares. The funds have been earmarked for the construction of the Hera and Nymagee projects in the […]
