THE BOURSE WHISPERER: Australia Minerals and Mining Group, through its wholly-owned subsidiary Yilgarn Iron, has signed a further memorandum of understanding (MOU) with Queensland-based Anhui Lianghuai Resources, the wholly owned subsidiary of the Anhui Provincial Bureau of Coal and Geology. Both parties signed an earlier MOU in August 2011 relating to the development of […]
THE DRILL SERGEANT: Perth-based Ironbark Zinc has received all assays from wide spaced exploration drilling conducted over its 100 per cent-owned Washington land project in northern Greenland conducted in August and September. Ironbark said the drilling has returned widths of high-grade, primary zinc-lead-silver-barite mineralisation located around and along strike from a single discovery drill hole […]
THE DRILL SERGEANT: PanAust has claimed the discovery of the newly named Nam San copper‐gold deposit, situated adjacent to the company’s Phu Kham openpit mine in northern Laos. The company said recent drilling has confirmed the lateral continuity of mineralisation to be over at least 200 metres and that the zone remains open to the […]
THE DRILL SERGEANT: Global Resources Corporation has kicked off an initial program of 10 diamond drill holes at its Aktarma gold project, located in western Turkey. Global Resources described Aktarma as a low sulphidation hydrothermal system, with a structure identified over 1.5 kilometres, which is open. “It is great to see that we are making […]
THE DRILL SERGEANT: Bassari Resources has commenced a program of combined reverse circulation and diamond drilling at the company’s Konkouto prospect in Senegal, West Africa. Konkouto is one of 13 gold prospects Bassari has identified along 80 kilometres of strike situated within the Birimian Gold Belt in Senegal. The company’s exploration permits are surrounded by […]
It would appear that reports of the demise of the Australian Mining Industry have been grossly overstated. New figures from the Major Mining Industry Projects October 2011 report released by the Bureau of Resources and Energy Economics show investment in Australia’s resources sector continues at a pace. The report has established that here are currently […]
THE DRILL SERGEANT: Recent drilling carried out by South American-focused copper-gold explorer Whinnen Resources mineralisation at the Nany-Varas project in northern Chile has intersected broad zones of gold, copper and base metal. The company is nearing completion of its maiden diamond drilling program on the Nany-Varas project, having completed a total of 18 holes for […]
THE DRILL SERGEANT: Thor Mining has hammered out some positive outcomes from drill core assay results from a resource development drilling program at the company’s Molyhil tungsten and molybdenum project, 220 kilometres northeast of Alice Springs. Highlights from the drilling include: – 16.4 metres at 0.84 per cent tungsten and 0.56 per cent molybdenum from […]
THE DRILL SERGEANT: Northwest Resources has commenced a diamond drilling program at the Blue Spec and Golden Spec gold-antimony deposits located within the company’s Nullagine gold & antimony project in the eastern Pilbara of Western Australia. The drilling program is set to undertake approximately 1,600 metres of diamond core drilling, which will be directed at […]
THE BOURSE WHISPERER: GBM Resources has received the results from the analysis of a total of 3,696 samples taken from its Milo project in Queensland. The testing was carried out covering a full suite of Rare Earth Elements and Yttrium (REEY) at Milo and according to the company it has confirmed mineralisation to be widespread […]
