THE DRILL SERGEANT: Melbourne based mineral exploration company Bassari Resources has returned a fairly impressive gold intercept from its Makabingui gold project in Senegal, West Africa. Bassari hit the intercept within Zone 3 down dip of the current indicated 240,000 ounce resource, which remains open at depth. Makabingui is one of 13 prospects Bassari has […]
THE DRILL SERGEANT: Australian base metals explorer Ventnor Resources has received results from a second round of drilling at its Thaduna and Green Dragon copper project. The Thaduna/Green Dragon project is located 40 kilometres east of Sandfire Resources’ Degrussa project in the Doolgunna district 170 kilometres north of Meekatharra in Western Australia. Throughout June and […]
THE BOURSE WHISPERER: Self-confessed gold development company Beadell Resources has estimated a maiden JORC itabirite iron ore resource the Tap Norte Banded Iron Formation in Brazil. The Resource estimate of 209.1 million tonnes at 36.1 per cent iron includes Measured and Indicated resources of 75.4 million tonnes at 37.3 per cent iron and Inferred resources […]
JETT RINK: Australian energy company Senex Energy, as Operator on behalf of the PEL 111 Snatcher oil field joint venture (Senex 60%) has reached agreement on key commercial terms with Santos, as Operator of the PPL 177 Charo oil field joint venture, for pipeline transportation of crude oil from Snatcher to the Tirrawarra oil and […]
JETT RINK: Roc Oil Company has been advised by its wholly owned subsidiary company Roc Oil (Bohai) Company that production has commenced from the first appraisal well to be drilled in the new Zhanghai block in China. The Zhanghai block is one of two adjoining blocks added to ROC’s existing Zhao Dong Block Contract in […]
JETT RINK: Australian-based Norwest Energy successfully drilled the Arrowsmith‐2 well in June 2011 as a proof of concept well to assess the shale gas / tight gas potential of the EP413 permit area. The company is currently in the process of conducting an evaluation program on the EP413 permit in the Northern Perth Basin. In […]
JETT RINK: Melbourne-based oil and gas exploration play Austin Exploration has completed the acquisition of two North American Oil and Gas Shale assets. Austin has acquired more than 16,000 acres within two highly-prouctive Oil and Gas Basins in North America. Completion of the shale exploration acquisitions comes after an extensive Geological, Land Title and Environmental […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. The Whisperer pokes his head down the corridors of power to take a quick look at some of the chairs to have recently been vacated and to find out which ones have been filled: New CEO for European […]
THE DRILL SERGEANT: YTC Resources continues to receive encouraging copper results from an ongoing drilling program at the Nymagee copper project (YTC-90%) in the Cobar Basin, New South Wales. The results of the second round of drilling has arrived a shallow drill program the company had designed to evaluate shallow copper mineralisation in detail in […]
THE DRILL SERGEANT: Australian minerals sands play Matilda Zircon has announced a maiden Inferred Resource for its Kilimiraka mineral sands project on the Tiwi Islands. The Inferred Resource contains over 890,000 tonnes of heavy minerals, which the company said, confirms the project’s potential for it to become the next mineral sands mine in the region. […]
