THE BOURSE WHISPERER: Diversified Perth-based resources house Black Fire Minerals has completed a due diligence program and has subsequently entered into an Option to Purchase Agreement to acquire a 70% equity interest in the 3,600 square kilometres Longonjo rare earth project located in central Angola. Under the agreement, Black Fire has made a A$100,000 option […]
THE DRILL SERGEANT: Perth-based exploration company Laconia Resources has announced results of a recently completed 12 hole, 1,200 metre RC drilling program at its 100% owned Kookynie gold project, near Kalgoorlie in Western Australia. Laconia kicked off the drill program in March, which was designed to test down dip and plunge extensions of previous intersections […]
May was an interesting month for gold with the shiniest of commodities demonstrating to the market that it is just as susceptible as its cousins to a sell-off when market conditions change. Gold reached a high of US$1,575 per ounce at the start of May only to quickly fall off almost seven per cent over […]
THE DRILL SERGEANT: Perth-based Australian gold-copper play Mutiny Gold has received results from the first 15 holes of its ongoing drilling program at its Deflector gold-copper deposit. Deflector is the main deposit within the company’s flag-ship Gullewa project in Western Australia. The current program was designed to test for further along strike extensions and upgrade […]
THE DRILL SERGEANT: Newly-ASX-listed Potash West has wasted no time in announcing results from its first drilling campaign. The company recently completed an aircore drilling program on its E70/3100 licence, which is located on the western margin of the prospective Dandaragan Trough some 100 kilometres north of Perth. The company’s maiden drilling program has come […]
THE DRILL SERGEANT: Kalgoorlie-focused gold play Aphrodite Gold has confirmed a major extension to the Phi gold zone at its flagship Aphrodite Gold Project near Kalgoorlie Western Australia. The Phi gold zone, together with the Alpha zone, hosts the existing Aphrodite gold resource containing 1.03 million ounces. Results from the recent RC drilling program, combined […]
THE DRILL SERGEANT: Northern Territory-focused exploration play Rum Jungle Resources has received all assays from its recently completed 100 metre by 100 metre grid drilling at the Barrow Creek 1phosphate deposit, from which several shallow high grade zones have been delineated within the area. The company is now waiting to receive assays from holes drilled […]
THE BOURSE WHISPERER: Perth-based gold producer Crescent Gold has raised $8 million in convertible debt. Due to overwhelming demand a further $844,000 was raised through a share placement using the company’s existing 15 per cent capacity. The issue has been placed with sophisticated and professional investors and was closed heavily oversubscribed. The $8M Convertible Note […]
THE BOURSE WHISPERER: Kentor Gold has announced an Inferred Resource estimate for the Burnakura gold project of 10.6 million tonnes at 1.5 grams per tonne for a total of 516,000 ounces at 0.5g/t gold cut-off. At a 1.5g/t cut-off, the company has estimated the Inferred Resource for Burnakura at 3.2Mt at 2.9g/t for 298,000 ounces […]
THE DRILL SERGEANT: Gold and copper exploration play Ausgold announced the latest drilling results it has received from the Dingo ore body, located within the Western Corridor of the Katanning gold discovery in Western Australia. The returned results come from the southernmost lines of Ausgold’s first-pass RC drilling program at Dingo. The company said the […]
