THE DRILL SERGEANT: Perth-based iron ore producer, IMX Resources has claimed the discovery of magnetite at its Tomahawk iron ore prospect, located 25 kilometres southeast of the Cairn Hill magnetite-copper mine in South Australia. IMX completed a program of six RC drill holes completed at Tomahawk in late 2011 with all holes returning magnetite iron […]
THE BOURSE WHISPERER: Silver Lake Resources has reached a Scheme of Arrangement to merge the assets of Phillips River Mining into the company. Since its inception Silver Lake has maintained a strategy to acquire quality gold assets. “Acquiring Phillips River’s assets is consistent with this strategy and allows Silver Lake to further grow its gold […]
THE DRILL SERGEANT: Pegasus Metals has claimed a copper discovery at its McLarty Range copper project located in the West Kimberley region of Western Australia some 250 kilometres north-east of Broome and 110 kilometres north of Derby. Source: Company announcement. Pegasus said recent drilling at the McLarty project had returned native copper in […]
THE BOURSE WHISPERER: Mineral sands exploration-paly Sheffield Resources has announced an Exploration Target for its recently discovered Drummond Crossing prospect, located just 20 kilometres north of Eneabba in the Mid-West region of Western Australia. Eneabba regional plan showing the location of Drummond Crossing, Sheffield’s tenure and current Mineral Resources with respect to other deposits […]
THE DRILL SERGEANT: Perth-based Bannerman Resources has released drilling results from a recently completed RC drilling program carried out on the Onkelo area of the company’s Etango uranium project in Namibia. The results have identified the discovery of mine-grade mineralisation at the Onkelo West prospect, which is situated adjacent to the planned Etango open pit. […]
THE DRILL SERGEANT: Australian base metals company Ventnor Resources has released copper mineralisation assays, resulting from a Phase 3 drilling program undertaken on the Thaduna prospect at the company’s Thaduna and Green Dragon copper project. The Thaduna and Green Dragon Copper Project is located 170 kilometres north of Meekatharra, Western Australia, in the Doolgunna district, […]
THE BOURSE WHISPERER: Potash West has made inroads in its quest to identify a commercial process to produce potash from its Dandaragan Greensands project, located to the north of Perth in Western Australia. Following a series of tests conducted over the past nine months, Potash West has defined two flowsheets that produced laboratory quantities of […]
THE BOURSE WHISPERER: Trafford Resources has sold off its remaining shareholding in mineral exploration company, Robust Resources resulting in the former pocketing around $7.43 million. Prior to the sell-off, Trafford was Robust’s third largest shareholder with 5.89 per cent. Trafford said it the funds from the transaction will be used on strengthening its overall exploration […]
THE BOURSE WHISPERER: Highlands Pacific has been advised by Xstrata Copper that the latter is set to exercise its US$10.8 million option over the high‐grade Nena copper/gold deposit in Papua New Guinea and include it in the Frieda River copper/gold project joint venture. Highlands said it expects to receive the proceeds in the coming month, […]
THE BOURSE WHISPERER: Carrick Gold has upgraded the Resource at the Lindsay’s project by 60 per cent taking it to 5.14 million tonnes at 2.0 grams per tonne gold for 323,600 ounces of gold. Lindsay’s is one of three projects situated within the larger LKK project, which is located less than an hour’s drive North […]
