THE DRILL SERGEANT: Perth-based explorer Peel Mining has reported the results of follow-up Reverse Circulation (RC) and diamond drilling at the Mallee Bull prospect (previously known as 4-Mile). Mallee Bull is part of the company’s 100 per cent-owned May Day-Gilgunnia project located about 100 kilometres south of Cobar in New South Wales. Source: Company […]
THE DRILL SERGEANT: Coventry Resources has commenced a drilling program at the company’s Rainy River gold project located in north-western Ontario, Canada. The Rainy River project comprises 120.9 square kilometres of mineral rights and is situated adjacent to the rapidly expanding 6.7 million ounce Rainy River gold deposit of TSX-listed Rainy River Resources. Location […]
THE BOURSE WHISPERER: Ramelius Resources has continued to make its presence felt with the realms of the acquisition scene. Following its signing of a Sale and Purchase Agreement with Breakaway Resources, Ramelius has picked up the pen again to sign a Letter of Intent to purchase the Vivien gold deposit from the Agnew Gold Mining […]
THE BOURSE WHISPERER: ABM Resources has completed the final, Phase 4 of a Bulk Sampling and Trenching program at the company’s Old Pirate gold prospect, which is part of its Twin Bonanza gold camp project located on the Northern territory side of the border with Western Australia. ABM project location map Northern Territory. Source: […]
THE DRILL SERGEANT: Gascoyne Resources has completed an update to the Resource Estimate for the company’s 100 per cent-owned Glenburgh gold project in the Gascoyne province of Western Australia. Gascoyne Resources project locations. Source: Company announcement The combined Indicated and Inferred Resource for the Glenburgh gold project now stands at: – 17.4 million […]
THE BOURSE WHISPERER: Global mining giant Rio Tinto announced the commitment of a further US$3.4 billion to the expansion of its Pilbara iron ore operations in Western Australia. Rio’s share of the expansion costs will be US$2.9 billion, which will comprise doling out US$2.2 billion to extend the life of the Nammuldi iron ore mine. […]
THE BOURSE WHISPERER: Recent infill drilling carried out by Crusader Resources at its 100 per cent-owned Borborema gold project in Brazil has produced encouraging results. The best results were achieved from the Central and Southern zones, extending from near-surface, all the way down to the Central Deeps, a vertical depth of 265m. Source: Company […]
THE BOURSE WHISPERER: Breakaway Resources has signed a Sale and Purchase Agreement with Ramelius Resources. The agreement will result in Ramelius purchasing a number of Breakaway’s tenements located in the West Kambalda region of Western Australia. West Kambalda tenement location. Source: Company announcement Ramelius will pay $300,000 in cash and a Royalty in […]
THE DRILL SERGEANT: Investigator Resources has received the first assays for a diamond and reverse circulation percussion (RCP) drilling program the company commenced late last year at the Paris silver prospect. The company said assays for sections of the drilling demonstrate new intersections of high silver grades that continue to upgrade its greenfields silver discovery […]
THE BOURSE WHISPERER: Elementos Limited has entered into an earn-in joint-venture with HMC Gold SCM on the Cerrillo Tamaya copper project located in Chile. Elementos can earn a 50 per cent interest in the project by spending US$7 million on exploration and development within a three year period. The Cerrillo Tamaya copper project comprises 5,690 […]
