THE DRILL SERGEANT: Gold exploration company Navarre Minerals has announced further results from a 25,000 metre RC drill program currently underway at the Tandarra prospect, part of the company’s Bendigo North project, located 40 kilometres north of Bendigo in Victoria. The drilling has returned near surface intersections of gold mineralisation including: – 17 metres at […]
THE BOURSE WHISPERER: Blackthorn Resources has commenced a scoping study for the company’s 100 per cent-owned Mumbwa project in central Zambia. The company is undertaking the study to assess potential for an economic mining operation of the Kitumba inferred mineral resource. Blackthorn is exploring the Mumbwa district for iron oxide copper-gold (IOCG) style of mineralisation […]
THE DRILL SERGEANT: Golden Rim Resources has kicked off a program of reverse circulation (RC) drilling on the company’s Yako project located in Burkina Faso. Golden Rim has a program comprising approximately 3,000 metres of RC drilling planned. The company will be testing a number of areas on the Zanna permit and the newly-acquired Tanlili […]
THE DRILL SERGEANT: Northern Star Resources has announced some impressive drilling results from the company’s Paulsens gold mine in Western Australia. The company said the results, including one intersection of one metre at 3390 grams per tonne, have laid the foundations for a substantial resource upgrade at the Paulsens gold mine. This was part of […]
THE DRILL SERGEANT: Saracen Mineral Holdings has been encouraged by the receipt of gold assay results from an ongoing drilling program being conducted at the company’s Whirling Dervish mine. Saracen said the latest higher-grade gold intercepts it has achieved confirm the likely continuation of the main “footwall” ore body for at least 400 metres to […]
THE BOURSE WHISPERER: Middle Island Resources has raised $10 million (before costs) through the placement of 25 million ordinary shares at 40 cents each. The bulk of the new shares went to a number of large institutional investors based in Australia and North America. The capital raising is the first undertaken by the company’s since […]
THE BOURSE WHISPERER: Specialty metal exploration and development company Wolf Minerals has received £55 million (AU$80.1 million) project finance for the company’s Hemerdon tungsten and tin project located in Devon in southwest England. The support has come from three globally recognised leaders in mining project finance: UniCredit Bank AG, ING Bank N.V. and Caterpillar Finance. […]
THE DRILL SERGEANT: Rex Minerals has received further assay results from infill drilling and new extensions at the company’s 100 per cent-owned Hillside copper project on the Yorke Peninsula in South Australia. The company said the new results continue to confirm the potential for it to be able to add to the open pit resources […]
THE BOURSE WHISPERER: Trafford Resources has received results from a regional soil survey the company carried out over its 100 per cent-owned Peterlumbo tenement located in the north of the Eyre Peninsula, South Australia. Trafford said the results have identified a number of discrete silver, gold and copper geochemical anomalies on its Black Hill prospect. […]
THE BOURSE WHISPERER: Northwest Resources and Millennium Minerals have inked an agreement to form a formal Joint Venture Agreement relating to the companies’ 50:50 Camel Creek Joint Venture. Northwest and Millennium are both developing gold projects in the Nullagine goldfield located in the eastern Pilbara of Western Australia. In October 2011, Northwest and Millennium announced […]
