THE BOURSE WHISPERER: Recently-rebranded Foyson Resources has entered into an Option Agreement to sell the company’s interest in the Myrtle Springs magnesite tenements to Calix Limited for a Purchase Price of one million dollars. “These arrangements are consistent with Foyson’s strategy of rationalising its minerals portfolio by divesting legacy non- core assets to realise cash, […]
The price of zinc in international markets has mirrored a general decline in commodities as a result of Europe’s debt crisis, with London Metal Exchange zinc dropping more than 10 per cent from its high for the year so far, reached during January. However, I am bullish with regards to zinc over the next […]
Taking the time to drop into The Roadhouse this week was Midwinter Resources managing director Adrian Griffin to give us the lowdown on how the company’s projects in South Africa and Swaziland are developing. What is the current major focus of Mindwinter Resources? Without a shadow of a doubt the major focus of the […]
THE DRILL SERGEANT: Syrah Resources has intersected graphite mineralisation along the entire length of the second (BMDD0002) and third (BMDD0003) holes drilled at the company’s 100 per cent-owned Balama graphite project in Mozambique. The two holes have behaved similarly to the first hole (BMDD0001) drilled in the current campaign with graphite mineralisation starting at surface […]
THE DRILL SERGEANT: Doray Minerals has claimed recent drilling conducted at the company’s 80 per cent-owned Andy Well gold project north of Meekatharra in Western Australia has confirmed potential for a second high-grade gold deposit within the “Judy Zone”, south of the high-grade Wilber Lode deposit. The drilling was undertaken to follow up on previously […]
THE DRILL SERGEANT: Azimuth Resources has announced a maiden JORC-code and National Instrument 43-101 compliant gold resource estimate for the Smarts and Hicks deposits at the company’s West Omai gold project in Guyana. The overall Inferred Mineral Resource estimate at West Omai for both the Smarts and Hicks deposits has come in at: – 12.4 […]
THE BOURSE WHISPERER: Potash West has been granted three new Exploration Licences covering the central and western portions of the Dandaragan Trough, located 60 kilometres north of Perth in Western Australia. The tenements, E70/4137, E70/4138 and E70/4139, have a combined area of 620 square kilometres. Potash West said the new tenements consolidate its 2,905sqkm holding […]
THE BIG STORY: When the debate concerning the effects of Fly In Fly Out on regional communities is raised mining companies often look like the bad guys. Silver Lake Resources is supporting the expansion of the company’s Murchison project by having a 250 man camp built in the town of Cue. The company has struck […]
THE BOURSE WHISPERER: Thor Mining has released an updated reserve ore estimate for the company’s wholly-owned Molyhil project in the Northern Territory. Molyhil project location. Source: Company announcement The reserve ore estimate now stands at 1.64 million tonnes at 0.42 per cent tungsten and 0.13 per cent molybdenum. Thor said the tungsten grade in […]
THE DRILL SERGEANT: Vector Resources has received some fairly impressive assay results from a round of high-priority drilling of the Phase 3 reverse circulation (RC) program being conducted at the company’s Gwendolyn East project in Western Australia. Plan view of collar locations of holes with significant gold intercepts. Source: Company announcement A review of […]
