Gold prices are weaker, but ETF and bullion demand continues to grow – go figure? The contradictions of markets (particularly resource markets), never cease to amaze me. The situation with gold at the present time is a perfect case in point. The price of spot gold has dropped below US$1,700 per ounce on the back […]
THE DRILL SERGEANT: Argentina- focused ASX-listed exploration play Elementos has announced it is intending to extend its current drilling program. The company currently has a Phase II drilling program being carried out at its Manantiales gold-silver project, located in San Juan Province, Argentina. Source: Company announcement The program is to be extended by an […]
THE DRILL SERGEANT: Stanmore Coal has defined an initial JORC Inferred Resource of 95 million tonnes in the Gemini seam of the Rangal Coal Measures. The Gemini coal seam was previously mined as a hard coking coal at BHP Billiton’s historical Leichhardt mine four kilometres to the west of the company’s Belview project. The key […]
THE BOURSE WHISPERER: Royal Resources has completed the sale of the Warriedar Iron Ore Joint Venture (WIOJV) to Gindalbie Metals. Gindalbie’s offer for Royal’s 40 per cent interest in the WIOJV had originally been for a consideration of $8 million cash. The offer was for all of Royal’s holdings in the area of the WIOJV […]
THE BOURSE WHISPERER: Image Resources has kicked off work on its North Perth Basin Feasibility study by commissioning 360 Environmental to undertake Environmental Impact Assessment Studies. These studies will involve managing and co-ordinating all of the environmental activities required by the company in its bid to achieve permitting of the NPB project at a Public […]
THE DRILL SERGEANT: Perth-based diversified exploration play Hemisphere Resources has announced the receipt of further encouraging results. The results stem from a recently completed drilling program carried out on the company’s Yandicoogina South iron project. The Yandicoogina project has a defined maiden JORC Indicated Resource of 4.3 million tonnes at 55.8 per cent iron. The […]
THE DRILL SERGEANT: Northern Star Resources has received a boost to its production target hopes in the form of high-grade drilling results from a recently discovered fault offset limb running parallel to the main Voyager One lode at the company’s Paulsens gold mine In Western Australia. Results from the recent drilling at Paulsens include: – […]
THE DRILL SERGEANT: Altona Mining announced a batch of encouraging drilling results from the company’s 100 per cent-owned Roseby copper project located in the Mt Isa-Cloncurry mining district in Queensland. Altona has completed a 15 hole and 2,850 metre RC drilling program at the Ivy Ann copper-gold deposit, situated 30 kilometres south-east of the […]
THE BOURSE WHISPERER: Panax Geothermal is closer to the development of up to 25 megawatts of geothermal power for PT Dairi Prima Mineral’s underground lead and zinc mine in northern Sumatra. The company has received approval of the final mining licences and permits for the PTDPM mine. The company said the Indonesian Ministry of Forestry […]
ONE OFF THE WOOD: Pan Asia Corporation chief executive officer Alan Hopkins dropped in recently to tell the Roadhouse how his company is going about developing a coal project in Indonesia. As a coal play located in Indonesia you seem to be off the market radar a bit at the moment. Can you tell […]
