THE DRILL SERGEANT: Tennant Creek-focused gold-copper explorer Emmerson Resources has discovered its second high-grade copper deposit. This new discovery called Goanna is located within its 100 per cent-owned Tennant Creek Mineral Field leases in the Northern Territory. It also lies within, what Emmerson describes as the “highly prospective” Gecko Structural Corridor. The discovery of Goanna […]
THE DRILL SERGEANT: Azumah Resources has received some promising results from two of its prospects located between the adjacent flagship Kunche and Bepkong deposits at the company’s Wa gold project located in northwest Ghana. Wide spaced RC drilling carried out by Azumah at the Aduane target has returned intercepts including: – 14 metres at 2.31grams […]
THE BOURSE WHISPERER: Iron ore-focused company Centaurus Metals has increased the JORC compliant resource estimate for its flagship Jambreiro iron ore project in the State of Minas Gerais, Brazil by 65 per cent. The company’s new estimate stands at 116.5 million tonnes grading 26.8 per cent iron. The updated JORC Resource estimate (combined Measured, Indicated […]
THE BOURSE WHISPERER: Perth-based Magma Metals has exercised its option to purchase the Beaver Lake claim, located within its Thunder Bay North platinum-palladium-copper-nickel project in Ontario, Canada. The Beaver Lake claim covers an underground mineral resource as well as a newly defined eastern extension to the underground mineralisation the company had announced in August. It […]
THE DRILL SERGEANT: Sheffield Resources announced high-grade talc results from drilling at its Moora Talc Belt project located in Western Australia’s Mid West region. Assay results from a 1,238 metre core drilling program completed intersected talc at all six prospects drilled. Furthermore, significant widths of talc are defined at three of the prospects; Fowlers, Prowaka […]
THE DRILL SERGEANT: Diamond drilling at Doray Minerals, Andy Well project (Doray 80%) has extended the high-grade Wilber Lode to over 600 metres. This represents a 200 per cent increase in the strike length when compared with the current resource. A number of holes from the current drilling program have also returned gold intersections. The […]
THE BOURSE WHISPERER: Sundance Resources has given the thumbs up to the proposal by Hanlong (Africa) Mining Investment Limited to acquire 100 per cent of the company for 57 cents cash per share via an Australian Scheme of Arrangement. The deal values Sundance at $1.65 billion and represents a 65.3 per cent premium to Sundance’s […]
THE BOURSE WHISPERER: Bulk commodity developer, NSL Consolidated has commenced construction on its US$2.3 million Kurnool iron ore beneficiation project in India. The company’s schedule should result in it initiating first stage commissioning of the plant by year’s end and deliver maiden revenues in the first half of. Work is underway on the plant site […]
JETT RINK: Oil & Gas company Octanex, with its Joint Venture partner OMV New Zealand, has progressed towards reaching a decision on whether to drill the Matuku prospect in PEP 51906. PEP 51906 is situated in the offshore Taranaki Basin of New Zealand. Octanex holds a 35 per cent participating interest in the permit. The […]
THE DRILL SERGEANT: Perth based explorer Laconia Resources recently completed a 42 hole, 1,939 metre Reverse Circulation (RC) drill program at its Lennons Find base metals project located near Marble Bar in Western Australia. According to Laconia the drilling has intersected significant, high-grade zinc and silver mineralisation. The company has received initial assay results for […]
