THE DRILL SERGEANT: Golden Rim Resources has re-assayed recent drilling results to record an intercept of 31 metres at 65.6 grams per tonne gold from 48 metres, including 6 metres at 308.1 grams per tonne gold. The intercept was achieved via gravimetric re-assaying of a previously reported high-grade intercept in drillhole BRC218 undertaken at the […]
THE BOURSE WHISPERER: Aviva Corporation has entered into a binding sale and purchase agreement (SPA) with African Barrick Gold (ABG). The deal will result in the sale of all Aviva’s Kenyan gold and base metals assets for an initial cash payment of $20 million. ABG is one of the five largest gold producers in Africa […]
THE BOURSE WHISPERER: Sandfire Resources has signed the first sales contract for copper concentrate to be produced from its 100 per cent-owned DeGrussa Copper-Gold Mine in Western Australia, marking another key milestone ahead of the start of plant commissioning later this quarter. Sandfire is aiming to finalise product sales agreements with four concentrate customers for […]
THE DRILL SERGEANT: Pioneer Resources has announced that the recent rotary air blast (RAB) drilling program at its 100 per cent-held Juglah Dome Gold Project has successfully identified two new prospects for further drilling: Moonbaker and John West. Work earlier this year at the Juglah Dome Gold project included a 4,500 sample soil geochemistry program, […]
THE DRILL SERGEANT: Talisman Mining has announced that initial results from recently completed diamond drilling at its Halloween Project, located 11.5 kilometres south-west of the high-grade DeGrussa VMS Copper Project in WA, have provided strong evidence of the presence of a VMS mineralising system. The drilling results have returned a series of significant high-grade gold, […]
THE DRILL SERGEANT: Canyon Resources has announced initial auger soil sampling and RAB (Rotary Air Blast) drilling results from exploration conducted on the Tao Project. Initial results from the programs, extensions of the previously announced 3.1 kilometre strike on the Tondoby Prospect, have indicated that the mineralisation extends to over 12 kilometres and remains open […]
THE DRILL SERGEANT: Toro Energy has announced the completion of the recent drilling program at its 100 per cent-owned Theseus Uranium Project in Western Australia. Theseus is developing into a major uranium discovery, potentially mineable with low cost In-Situ Recovery (“ISR”) technology. In 2012, a total of 122 mud rotary holes were completed for approximately […]
THE BOURSE WHISPERER: Senex Energy, as operator of the PEL 111 joint venture, advised the Australian Securities Exchange today that the Mustang-1 oil exploration well has discovered a new oil field on the western flank of the Cooper Basin, South Australia. According to Senex’s ASX release, the new oil field is an excellent quality reservoir […]
THE DRILL SERGEANT: Iron ore exploration company Winmar Resources announced Monday, July 16th that it has intersected high grade iron mineralisation from assay results from its latest phase of drilling at the Hamersley Iron project in the Pilbara region of Western Australia. The Hamersley project is located in the Tom Price Region of the Pilbara, […]
THE BOURSE WHISPERER: Blackthorn Resources has announced a US$40 million, 40 per cent expansion at its Perkoa Joint Venture Zinc Project with Glencore International, in Burkina Faso, West Africa. In 2011 Blackthorn received an investment proposal from joint venture partner Glencore (50.1per cent) to enhance the business case for the Perkoa Joint Venture Project, […]
