THE BOURSE WHISPERER: Ram Resources has completed the estimation of a JORC-compliant maiden Inferred Mineral Resource for the Aries prospect. Aries is the most advanced target within the company’s Motzfeldt project, located in south Greenland. Location map showing Ram Resources licence holdings and the main exploration targets. Source: Company announcement “This Resource statement […]
THE BOURSE WHISPERER: Venturex Resources has entered into an agreement with Atlas Iron to establish a haul road linking the new Abydos mining operation to the existing sealed Marble Bar Road via Venturex’s access road route to the proposed Sulphur Springs Hub site. Under the agreement, Atlas and Venturex will have shared access and capacity […]
THE BOURSE WHISPERER: Kidman Resources has acquired 100 per cent of the Home of Bullion Volcanogenic Massive Sulphide (VMS) copper and base metals deposit near Barrow Creek in the Northern Territory. Kidman said it aims to deliver an Inferred resource estimate at Home of Bullion by the end of 2012. Plan of Home of […]
ONE OFF THE WOOD: Cassini Resources managing director Richard Bevan casually sat at the bar of The Roadhouse this week and told us how this new kid on the ASX block has managed to pick up some exciting new projects in Nevada. Cassini listed in January this year on the back of an interesting […]
GAVIN WENDT: In Rio Tinto’s March quarter production report released recently, it was evident that there are significant difficulties being faced by the company’s copper business. Rio’s mined copper production was 18 per cent lower than the first quarter of 2011, due to anticipated lower grades at Kennecott Utah Copper. I reiterate our position that […]
OUT AND ABOUT: The Fly In Fly Out scheme of work has many detractors and just as many supporters. Companies can’t be taken to task for using a system that works to keep their financial bottom line operating in their favour. Workers can’t be answerable for opting to work within a system that allows them […]
THE DRILL SERGEANT: Horseshoe Metals has commenced a diamond drilling program at the company’s 100 per cent-owned Horseshoe Lights volcanic-hosted massive sulphide (VHMS) copper gold project located in the Bryah Basin in Western Australia. The drilling kicks off a major drilling campaign being undertaken by Horseshoe Metals over the coming months to test a variety […]
THE BOURSE WHISPERER: Atlas Iron has entered into a binding Memorandum of Understanding with Australia’s largest rail freight operator QR National to progress the feasibility of an independent railway in the Pilbara region of Western Australia. The companies envisage the Pilbara Independent Rail project connecting iron ore deposits owned by Atlas and other companies in […]
THE DRILL SERGEANT: Elemental Minerals has identified high-grade potash in a third seam at the Kola deposit, situated within the company’s 93 per cent-owned Sintoukola potash project, located on the Republic of Congo coastline. Location of Sintoukola potash permit and historic drill hole locations. Source: Company announcement The company said it is ready […]
THE DRILL SERGEANT: Navaho Gold has completed drilling its first diamond drill hole at the company’s Utah Clipper project in Nevada, USA. Navaho said the drilling encountered a strongly fractured, altered pyrite-rich dyke within a thrust zone returning results of: – 5.9 metres at 0.12 grams per tonne gold from 1,077.5 metres (using a 0.1g/t […]
