THE BOURSE WHISPERER: Legacy Iron Ore and National Mineral Development Corporation have proposed a formal Share Subscription Agreement which will result in NMDC subscribing for a placement in Legacy. The proposal follows an announcement by the company in May of the signing of a non-binding Memorandum of Understanding between the two companies. A subsequent independent […]
Mining without mining sounds like an abstract concept but it is actually very close to becoming a reality. Last year CSIRO Minerals Down Under Flagship scientists released research they had carried out on the Towards the Invisible Mine project. The scientists identified a major drawback to using the traditional in-situ leaching process of injecting leaching […]
THE DRILL SERGEANT: White Rock Minerals is currently undertaking a drilling program on its 100 per cent owned Mt Carrington project in northern New South Wales. The program has been designed to expand the current shallow Inferred Resource base of the project of 190,000 ounces of gold and 10 million ounces of silver. Drilling has […]
THE DRILL SERGEANT: Canada-focused nickel play Corazon Mining has intersected further nickel / copper sulphide mineralisation. The hits have come during an ongoing drilling program the company is conducting on geophysical (EM) conductors at its EL Deposit, located within the Lynn Lake nickel sulphide project in Canada. The latest drilling supports Corazon’s interpretation that the […]
THE DRILL SERGEANT: Excelsior Gold has completed a preliminary conceptual mining study on the Excelsior resource in the central portion of its 100 per cent owned Kalgoorlie North project. The results of the study have supported the company’s belief the deposit has the potential for large open pit development. Additional assay results received by the […]
THE BOURSE WHISPERER: Blackham Resources has executed a heads of agreement to acquire 100 per cent of the Wiluna South and Williamson gold mines. The deal will also see the company pick up the Regents, Carol Prior, Galaxy gold deposits in the Wiluna gold belt of Western Australia. The 500 square kilometre landholding surrounds the […]
Zinc has been the Cinderella story of base metals recently but alas there hasn’t been any pumpkins arrive at its front door to take it to the ball. Just when zinc was starting to get a few come-hither looks from world market analysts it has been hit by global financial storm and European gloom, which […]
THE DRILL SERGEANT: Brisbane-based uranium play Alligator Energy has released results from an ongoing drilling program being carried out at its Tin Camp Creek project in the Northern Territory. Alligator has received results from two holes recently drilled at the Caramal prospect and six drill holes undertaken in the South Horn area. Drilling at Caramal […]
THE DRILL SERGEANT: Bulk minerals explorer Sheffield Resources has released the results from a 30 hole drilling program at its McCalls heavy mineral sand exploration project. The project is located 110 kilometres north of Perth, near Gingin in Western Australia. Of the 30 holes drilled, all returned mineralised intervals of greater than one per cent […]
THE BOURSE WHISPERER: Perth-based gold exploration play Invictus Gold said follow-up work it has recently carried out on the Scartwater prospect at its 100 per cent owned Drummond Basin project in Queensland has enhanced its prospectivity. Invictus identified the Scartwater prospect as interesting on the basis of elevated gold‐in‐soil responses and highgrade rock chip assays […]
