ALL THE NEWS
Galileo Mining Turns On Prospective Nature of Lantern
/in Resources Roadhouse /by Wally GrahamTHE DRILL SERGEANT: Galileo Mining (ASX: GAL) declared final drilling and petrology results from maiden aircore drilling carried out at the company’s Lantern prospect within the Fraser Range province in Western Australia. Galileo Mining declared the latest nickel assays have confirmed the highly prospective nature of the Lantern area. Petrography -the scientific description of rock […]
Gold Predicted to Continue Price Rise
/in Commodity Capers, Resources Roadhouse /by Wally GrahamCOMMODITY CAPERS: According the Office of the Chief Economist, gold prices are projected to rise gradually over the next five years, to an average US$1,428 an ounce (2019 dollars) in 2024. This is predicted to maintain gold’s status as a haven asset and in turn fuel investor demand over the short term as world mine […]
Emmerson Resources Hits Copper and Base Metals at Whatling Hill
/in Resources Roadhouse, The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Emmerson Resources (ASX: ERM) has completed a round of Reverse Circulation and diamond drilling over the Whatling Hill project within the company’s Fifield tenement in New South Wales. Emmerson Resources reported that drill hole WHDD002 intersected 14 metres of chalcopyrite-pyrite-quartz veins and stockworks 194m down the hole. Drill hole WHDD001 encountered sporadic […]
Galan Lithium Drilling Encounters Highly Conductive Brines
/in Resources Roadhouse, The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Galan Lithium (ASX: GLN) announced highly conductive brines have been intercepted in the third drillhole at the company’s Candelas lithium brine project located on the Hombre Muerto salar in Argentina. Galan Lithium said field measurements had indicated the upper levels of a brine bearing aquifer were encountered in the third drillhole to […]
Cassini Resources Welcomes New Investor with $7M Placement
/in Resources Roadhouse, The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Cassini Resources (ASX: CZI) received further support for the company’s West Musgrave project (WMP) from a $7 million placement to institutional, sophisticated and strategic investors. Cassini Resources said the funds from the placement will be used for working capital throughout the feasibility study stages of the WMP and to progress its exploration […]
Spectrum Metals Hits New Gold Zone at Penny West
/in Resources Roadhouse, The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Spectrum Metals (ASX: SPX) released first assay results from drilling carried out below the open pit at the company’s Penny West deposit, south of the Youanmi mining center in Western Australia. Spectrum Metals has received assay results from eight holes drilled beneath the open pit that encountered high-grade gold intercepts, including: SPWRC006 […]
Alliance Resources Continues Weednanna Gold Growth
/in Resources Roadhouse, The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Alliance Resources (ASX: AGS) announced results of the latest round of reverse circulation (RC) drilling at the company’s Weednanna gold deposit on the Eyre Peninsula, South Australia. Alliance Resources said the results from this latest round of drilling program had continued to grow the size of the Weednanna deposit outside of the […]
VRX Silica Raises Finds to Progress Arrowsmith and Muchea Projects
/in Resources Roadhouse, The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: VRX Silica (ASX: VRX) announced it has received commitments for a capital raising via a share placement to professional and sophisticated investors to raise approximately $2.26 million before costs. VRX Silica said the placement received strong support from a range of sophisticated and institutional investors together with existing shareholders and will result […]
Cygnus Gold Identifies New Kepler Gold Zone
/in Resources Roadhouse, The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Cygnus Gold (ASX: CY5) is set to commence drilling targeting the recently identified Kepler Zone at the company’s Stanley project in the Wheatbelt of Western Australia. Cygnus Gold identified the Kepler Zone via a detailed review of earlier Cygnus drillhole STRC0002, drilled in late 2018 that ended in mineralisation with resampling of […]
Barra Resources Drilling at Burbanks North
/in Resources Roadhouse, The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Barra Resources (ASX: BAR) has commenced an air core drilling program on the company’s Burbanks project, south of Coolgardie in Western Australia. Barra Resources indicated the drilling is aimed at extending known mineralisation along the Burbanks North Trend. The company’s previous air core drilling, undertaken at the Burbanks North deposit, identified broad […]