THE BOURSE WHISPERER: Spitfire Resources has announced a maiden Inferred JORC resource for the Contact and Contact North deposits at the company’s South Woodie Woodie manganese project in the East Pilbara region of Western Australia. The 11.3 million tonnes at 15 per cent manganese combined initial Inferred Resource is the result of drilling conducted by […]
THE DRILL SERGEANT: Sirius Resources has claimed discovery of high-grade gold mineralisation in its first reverse circulation (RC) drilling program undertaken at the Earlobe prospect on the company’s 100 per cent-owned Polar Bear project in Western Australia. Sirius said it had intersected gold mineralisation in a number of RC holes drilled beneath earlier shallow reconnaissance […]
THE BOURSE WHISPERER: Millennium Minerals has received firm commitments for a $16.6 million capital raising at an issue price of 1.9 cents per share. The company has now restructured its debt facilities to enable it to assess a medium term production expansion. This restructure will also provide the company with additional working capital reserves during […]
THE BOURSE WHISPERER: Elementos Limited continues to receive god news from its Mercedes project in northern Chile. The company has announced further results from an on-going mapping and geochemical sampling program at the project. Twenty-one rock-chip samples of exposed mineralisation in outcrop and artisanal mine workings in the Ignacia and Mecha prospects situated within the […]
THE BOURSE WHISPERER: Speewah Metals has reported an increase in Mineral Resources of the combined Speewah titanium / vanadium deposit situated within the company’s 100 per cent-owned Speewah project in the East Kimberly region of Western Australia. The Speewah deposit represents three large Resources (Central, Buckman and Red Hill) on the Speewah tenements. […]
THE DRILL SERGEANT: Phase 4 drilling being carried out by Ventnor Resources at the Thaduna prospect has hit deeper copper mineralisation. The Thaduna prospect is situated on the company’s Thaduna and Green Dragon copper project located 170 kilometres north of Meekatharra, in the Doolugunna district of Western Australia. The project sits 40km east of the […]
THE BOURSE WHISPERER: Overland Resources has finalised the re-estimation of the JORC Code compliant mineral resource for the company’s Yukon base metal project in Canada. The company completed an exploration drilling program during 2011, which it said has extended the strike length of the known mineralisation at the Darcy and Andrew zinc deposits by 150 […]
THE BOURSE WHISPERER: Silver Lake Resources has terminated the merger implementation agreement (MIA) with Phillips River Mining. The two companies have now entered into an asset sale agreement that will result in Silver Lake acquiring Phillips River’s Munglinup project. Project location. Source: Company announcement The companies have drawn up an exclusivity agreement to […]
ONE OFF THE WOOD: Managing director of South Africa-focused manganese play Segue Resources, Steven Michael walked into the front bar of The Roadhouse this week, slammed a big black rock on the bar and proclaimed, “That’s manganese, Wally and we’ve got plenty of it!”. Steven, can you give us a quick run-down on the Emang […]
THE BOURSE WHISPERER: Crusader Resources has identified a number of new exploration targets situated within the mineralised system hosting the company’s multi-million ounce Borborema gold project in Brazil. The targets were identified through a review Crusader conducted of all existing data of the Seridó Belt, which is the regional host of the Borborema project. […]
