THE DRILL SERGEANT: IMX Resources (ASX: IXR) has claimed discovery of two new high-grade nickel sulphide lenses from the Lightning target located 400 metres southeast of Sleeping Giant at the company’s Ntaka Hill nickel sulphide project in Tanzania. The company recently completed a single diamond drill hole at Lightning, 100m south of H Zone to […]
THE BOURSE WHISPERER: David Hutton-led Mithril Resources (ASX: MTH) has executed a Tenement Sale Agreement with Breakaway Resources (ASX: BRW) for the purchase of the Spargos Reward gold project for $200,000 in cash. Hutton was previously managing director of Breakaway Resources. The Spargos Reward gold project is located 25 kilometres west of Kambalda, and 16km […]
THE DRILL SERGEANT: Recent drilling by IMX Resources (ASX: IXR, TSX: IXR) along the Ntaka – Lionja ultramafic trend, which extends eight kilometres south from the company’s Ntaka Hill nickel sulphide project in Tanzania, has intersected new high-grade and disseminated nickel sulphide mineralisation. Project Location. Source: Company announcement New diamond drilling has extended […]
THE DRILL SERGEANT: Energia Minerals (ASX: EMX) has commenced a program of 10,000 metres of aircore drilling at the company’s 100 per cent-owned Nyang uranium project in the Carnarvon Basin of Western Australia. The drilling program is expected to continue until the end of November and follows the company’s recently announced $2.3 million capital raising […]
THE DRILL SERGEANT: Peel Mining (ASX: PEX) has received further encouraging results from exploration drilling at the company’s Mallee Bull project with drillhole MBDD009 intersecting a broad 72 metres zone of variable stringer/breccia sulphide mineralisation. The intersection included an approximate 18m zone of intense chalcopyrite-dominant mineralisation from 542m. Peel said the intercept represents the deepest […]
THE DRILL SERGEANT: Mineral sands explorer Sheffield Resources (ASX: SFX) has received initial mineral assemblage testwork results from recent activity conducted at the company’s Dampier heavy mineral sand (HMS) project near Derby in the Kimberley Region of Western Australia. Sheffield claims the results have confirmed the anticipated high in-situ zircon content of the Thunderbird HMS […]
THE DRILLL SERGEANT: Cove Resources (ASX: CVE) has commenced the next phase of drilling at the Quartz Circle volcanogenic massive sulphide (VMS) project (80 per cent CVE), located in the Pilbara region of Western Australia. Cove said it had been encouraged by the previous phase of drilling it had conducted at the project. According to […]
THE DRILL SERGEANT: Mining Group (ASX: MNE) has identified a new extensive high-grade gold bearing vein system at the Taub prospect at the company’s 80 per cent- owned Comval copper-gold project in the Philippines. Taub is a newly discovered gold target approximately 7.5 kilometres north of the recently discovered Tagpura North target. Location and […]
The MRRT stuff-up has highlighted the ongoing government ignorance of the mining sector. As former Prime Minister John Howard once described us, we’re pretty much ‘relaxed and comfortable.’ For the most part this reference seems fairly innocuous, but politically there is a problem. In terms of the left side of politics the ‘relaxed and comfortable’ […]
THE CONFERENCE CALLER: The Mining 2012 conference in Brisbane was opened with a note of optimism by Patersons Securities research analyst Matthew Trivett. Addressing the first day audience, Trivett said there were many indicators pointing to positivity and of action on the buy side of the market, especially in the small resource stocks area. […]
