Winter is hard enough without a bitter dessert of Tax Loss selling and more Greek elections topped off with a cheery of Prime Minister Julia Gillard and Reserve Bank Governor Glenn Stevens telling us that business leaders should be talking up the economy. The ASX 200 index dropped seven per cent in May, and so […]
THE DRILL SERGEANT: Winmar Resources has intersected Channel Iron Deposit (CID) mineralisation whilst conducting a program of RC drilling at the Hamersley Iron project, located in the Pilbara region of Western Australia. Ten holes of the 40 hole program have been completed so far, nine of which have intersected Channel Iron Deposits (CID). Drill […]
THE DRILL SERGEANT: Golden Rim Resources has received further assay results from the third program of RC drilling (Phase 3 Program) the company recently completed at its Balogo project in Burkina Faso. An infill drilling program comprising 35 RC holes for 4,801 metres and six diamond holes for 1,319 metres was completed on the Netiana […]
THE DRILL SERGEANT: Australian resources company TNG Limited has completed a regional drilling program at the company’s Mount Peake iron-vanadium-titanium project in the Northern Territory. TNG said the drilling has confirmed the potential to further increase its resource inventory in the region. The company had previously identified three large magnetic zones and one isolated magnetic […]
THE BOURSE WHISPERER: The team at Breakaway Research provided a couple of resource company notes this week. Here we take a quick look at the highlights. ZYL Limited (ASX:ZYL) ZYL’s objective is to become a leading producer of anthracite for both South African and export markets. It has prioritised development of its Mbila project in […]
THE BOURSE WHISPERER: Doray Minerals has announced a maiden high-grade mining reserve for the company’s 80 per cent-owned Andy Well gold project, located 45kilometres north of Meekatharra, in the Murchison region of Western Australia. Doray is making progressing a Bankable Feasibility Study at Andy Well, with the aim of commencing open pit mining in the […]
THE BOURSE WHISPERER: A mining study being conducted by Overland Resources at its 90 per cent-owned Yukon base metal project in Canada has concluded the company’s best investment returns can be provided by developing separate open pits at the Andrew zinc deposit and the Darcy zinc deposit. Overland Resources ground holding showing at the […]
THE DRILL SERGEANT: BrightStar Resources has claimed discovery of a new zone of high-grade gold mineralisation during Stage 2 Reverse Circulation (RC) drilling at the company’s Miyabi gold project. The newly- revealed Dalafuma prospect lies near the southern margin of the Miyabi Structural Corridor (MSC), which hosts the gold deposits BrightSatr has previously defined at […]
THE DRILL SERGEANT: The first phase of reverse circulation (RC) drilling being conducted by Australia Minerals and Mining Group at the company’s 100 per cent-owned Annie’s Prospect at the Bencubbin iron ore project in Western Australia has produced encouraging Davis Tube Recovery (DTR) results. The results were achieved from what the company described as “the […]
THE DRILL SERGEANT: Havilah Resources has received assay results for the upper part of a diamond drillhole the company reported in May to have visible copper mineralisation. The assay results include: – 13 metres at 0.99 per cent copper and 1.05 grams per tonne of gold from 198 metres downhole. According to the company this […]
