THE DRILL SERGEANT: Perth-based gold exploration and development company Manas Resources had a smile on its collective faces as it reported the second round of results from a drilling campaign at its 100%- owned Shambesai gold project in the Kyrgyz Republic, Central Asia. The company has been carrying out a program of more than 12,000 […]
THE BOURSE WHISPERER: ASX-listed gas and oil-condensate producer Strike Energy is undertaking a major capital raising to raise a total of $16.8 million. The company said the raising is the first of a series of initiatives to position it for a period of increased activity and growth across its portfolio of assets, in particular, its […]
THE DRILL SERGEANT: Perth-based Viking Ashanti has intersected multiple zones of gold mineralisation from the first drilling program on the southwest extension of its Akoase East project. The 500,000 ounce Akoase East gold project is located in Ghana, West Africa. The first ten Reverse Circulation holes drilled on the southwest extension of the Akoase East […]
THE DRILL SERGEANT: Port Moresby-based junior gold company Highlands Pacific has reported the results of completed in‐fill drilling on its Frieda copper gold project in Papua New Guinea. The drilling was carried out by Highlands Pacific’s Joint Venture partner Xstrata Copper. The company is now awaiting an updated resource estimate that is due in August […]
THE BOURSE WHISPERER: Kalgoorlie Power Systems, a wholly owned subsidiary of Perth-based power generation company Pacific Energy has signed a new electricity supply contract with Avoca Mining, a subsidiary of Alacer Gold Corp. The contract is for KPS to build, own and maintain the three mega-watt Chalice gold mine power station. The new electricity supply […]
THE BOURSE WHISPERER: Demonstrating that one man’s tax is another’s bonus is wave energy developer Carnegie Wave Energy. Australia’s most advanced wave energy company greeted Prime Minister Julia Gillard’s new carbon tax price with optimism while adding the new renewable energy funding would provide greater investor certainty. Wave Energy’s declaration has come as a response […]
THE DRILL SERGEANT: Sydney-based diversified mining company Global Geoscience is set to commence drilling at its Excelsior gold project in Nevada. The company indicated it is planning to carry out about 2000 metres of Reverse Circulation drilling to follow-up a number of previous drill intersections. The drilling will also test several new targets Global has […]
THE BOURSE WHISPERER: Emerging resources house Carpentaria Exploration has announced it will be spending over $3.5 million on greenfields exploration in the 2011/12 financial year. The impressive figure will allow the company to it continue its aggressive exploration programs across eastern Australia. Excluding pre-development expenditure at the company’s flagship Hawsons iron project the budget includes […]
THE DRILL SERGEANT: ASX-listed gold junior Alloy Resources has received gold assay results from a recently completed drilling program holes at its Horse Well gold project in the Yandal Greenstone Belt of Western Australia. The program of just over 100 vertical air core drill holes returned a set of assays that highlighted a new gold […]
THE BOURSE WHISPERER: Perth-based Bannerman Resources has received a highly conditional proposal from Hanlong Mining Investment. Hanlong is a subsidiary of Chinese conglomerate Sichuan Hanlong Group. The received proposal from Hanlong is for the acquisition of 100% of Bannerman for 61.2 cents cash per Bannerman share by way of a scheme of arrangement. Bannerman said […]
