THE DRILL SERGEANT: Rox Resources (ASX:RXL) has reported results from six diamond drill holes recently completed at the Myrtle/Reward zinc project, south-east of Darwin in the Northern Territory. Project location. Source: Company announcement The drilling was conducted by Teck Australia, which is earning an initial 51 per cent interest in the project. Three […]
THE DRILL SERGEANT: Sirius Resources (ASX:SIR) has advised the market on the completion of a further two diamond drill holes at the company’s Nova nickel-copper discovery. The first of the most recent drilling intersected: – An upper zone comprising 21.2 metres of disseminated sulphides and 2.5 metres of massive sulphides from 343.6 metres; – A […]
THE BOURSE WHISPERER: Fortescue Metals Group (ASX:FMG) has requested the Australian Securities Exchange place its share in a trading halt effective from commencement of trading today (14 September 2012). Asking for the halt Fortescue said it was concerned regarding continued rumours and speculation in respect of its bank related facilities. The company said discussions with […]
A couple of interesting research reports arrived at The Roadhouse this week. Here’s some edited highlights. Continental Coal (ASX:CCC) Continental Coal is an established coal producer with an increasing production profile. The company is in the advanced stages of development at the 68 million tonne Penumbra mine which should deliver first coal 2H 2012. […]
The rebound in gold is no surprise – the only surprise was the initial sell-off. With all of the ongoing doom and gloom in financial markets, it’s important to maintain some perspective and take a look at the facts. At the moment market sentiment and headlines continue to be dominated by Greece and other parts […]
ONE OFF THE WOOD: Having its Australian Joint Ventures under control of its partner companies has enabled gold explorer De Grey Mining to gain a foothold in South America. Managing director Peter Batten dropped in to give us the low down. You are involved in a number of projects located in Australia; however it […]
THE DRILL SERGEANT: Graphite exploration play Lamboo Resources (ASX:LMB) is anticipating completion of exploration drilling of flake graphite Targets 2 and 3 at the company’s McIntosh graphite project in the East Kimberley of Western Australia ahead of schedule by the end of September. Lamboo said it expects drilling of Target 1 to be completed by […]
THE DRILL SERGEANT: Taruga Gold (ASX:TAR) has received assay results for reverse circulation (RC) drilling recently completed at the Borobon and Kole prospects within the company’s Kossa project in Niger, West Africa. The Borobon prospect is located at the southern end of the Kossa-Borobon trend. Taruga has now completed 30 RC drill holes at Borobon. […]
THE DRILL SERGEANT: Altona Mining (ASX:AOH) has claimed a new copper discovery at the company’s 100 per cent-owned Roseby project near Mt Isa in Queensland. The discovery was made at Turkey Creek, located around two kilometres east of Altona’s 100 million tonne Little Eva deposit. Copper deposits in the central portion of the Roseby […]
THE DRILL SERGEANT: Beadell Resources ASX:BDR has received further high-grade composite results from an ongoing drilling program at the company’s Duckhead prospect in Brazil. The company is of the opinion that the drill results confirm the initial Duckhead JORC inferred resource of 115,000 tonnes at 17.1 grams per tonne gold for 63,000 ounces will continue […]
