THE BOURSE WHISPERER: Straits Resources has signed a non-binding Memorandum Of Understanding with J.P. Morgan outlining terms for a binding agreement to allow it to restructure an existing offtake agreement between the two parties from January 2012. Straits said it had been working for some time to restructure its existing Tritton Copper Mine copper offtake […]
That’s what is hurting world equity markets lately. The Greeks are like Bondy, Skasey and Johnny Spalvins collectively, but on steroids. They are in a position now where if they got a margin call, and were liquidated they’d be worth five cents in the dollar. That’s way worse than our corporate cowboys from the 1980’s. […]
THE DRILL SERGEANT: Gold exploration play Bulletin Resources recently completed a program of RC drilling on its 100 per cent owned Nicolson’s gold project located near Halls Creek in northern Western Australia. Two deep RC holes carried out by Bulletin have extended the high-grade Nicolson’s Footwall lode to a vertical depth approaching 300 metres. […]
THE DRILL SERGEANT: Perth-based gold exploration play Aphrodite Gold has scored some encouraging results from a maiden reverse circulation drilling program recently completed over the company’s North Menelaus gold prospect. North Menelaus is located four kilometres north of the company’s Aphrodite gold deposit near Kalgoorlie in Western Australia. The company has recently concluded an initial […]
THE DRILL SERGEANT: Northern Mongolia-focused coal play Aspire Mining has identified a new coal seam formation. The seam is located around four kilometres from the resource area at the company’s Ovoot coking coal project in Northern Mongolia. The company currently has four drilling rigs working to determine the resource potential of the area. Aspire has […]
THE BOURSE WHISPERER: YTC Resources has completed a Definitive Feasibility Study of its Hera gold-base metal deposit. The study covered Stage 1 of the development of the company’s Hera-Nymagee project located in the Cobar Basin, New South Wales. The Hera-Nymagee project consists of the Hera gold-lead-zinc deposit and the Nymagee copper deposit. Both of […]
THE DRILL SERGEANT: GBM Resources has completed a 26 hole, RC drilling program on its Bungalien phosphate project areas located in the Georgina Basin, southeast of Mount Isa in North Queensland. The company received results that included peak phosphate values exceeding 25 per cent phosphorous pentoxide from the 1,436 metre RC drill program. Results included […]
THE DRILL SERGEANT: Brazil-focused iron ore play Centaurus Metals has received final results from recently completed drilling at its Jambreiro iron ore project. The company said the results support previous results, which demonstrated quality and consistency of mineralisation at the project. Resource estimation work is currently underway with on upgrading the project’s current JORC Resource […]
THE DRILL SERGEANT: Gold-copper company, Mutiny Gold has hit some impressive gold intersections while drilling at the West Lode of its Deflector gold deposit. The deflector deposit is part of the company’s Gullewa project located in the South Murchison region of Western Australia. The latest results are from a recently completed diamond drilling program carried […]
THE BOURSE WHISPERER: Gold producer Saracen Mineral Holdings has completed a placement of 73.8 million new fully paid ordinary shares at a price of 68 cents per share to raise $50.2 million. The company is also launching an underwritten Share Purchase Plan to raise a further $15 million. The maximum amount the company intends raising […]
