ALL THE NEWS
Alliance Resources Returns to Wilcherry to Complete HEM Survey
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Alliance Resources (ASX: AGS) announced the recommencement of a regional helicopter-borne electromagnetic survey (HEM) at the Wilcherry project in South Australia. Alliance Resources holds a 51 per cent interest in the Wilcherry project in a Joint Venture with Tyranna Resources (ASX: TYX). Alliance explained the HEM survey is 86 per cent complete, […]
Oro Verde Drilling at Topacio Gold Project
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Oro Verde (ASX: OVL) has commenced a diamond drilling program at the company’s Topacio gold project, located in southeastern Nicaragua. Oro Verde said the initial program entails seven diamond holes incorporating approximately 1,650 metres and will focus on key locations identified along the Rebeca Vein, where the company has interpreted a strike […]
Kin Mining Hits Bonanza Gold Strike at East Lynne Prospect
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Kin Mining (ASX: KIN) announced high gold grades from surface from exploration drill testing at the East Lynne prospect, located approximately 300m north-east of the company’s Rangoon Mineral Resource in Western Australia. Kin mining revealed the Reverse Circulation (RC) drilling initially recorded an assay result of 3 metres at 209 grams per […]
Vimy Resources Receives Commonwealth Approval for Mulga Rock Project
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Vimy Resources (ASX: VMY) received Commonwealth approval for the company’s Mulga Rock uranium project in Western Australia. Vimy Resources said the Minister for the Environment and Energy, Josh Frydenberg, has approved its proposed action, being the development of the Mulga Rock project, located 240 kilometres north east of Kalgoorlie, subject to specified […]
Southern Gold Strikes Gold Hedge with Sumitomo
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Southern Gold (ASX: SAU) has put a gold hedge in place with Japan’s Sumitomo Corporation Global Commodities (SCGC). Southern Gold described the hedge as a fixed forward contract to sell 2,500 troy ounces (Toz) of gold at $1,621 per Toz, representing a contract value of $4,052,500. The company explained the forward sale […]
Corazon Mining Encouraged by Mount Gilmore Metallurgy Results
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Corazon Mining (ASX: CZN) has carried out preliminary metallurgical testwork on samples from the company’s Mount Gilmore project in New South Wales. Corazon Mining said the work had delivered excellent results with simple flotation testing yielding a recovery of 92.2 per cent for cobalt, 89 per cent for copper and 75.5 per […]
Alloy Resources Confirms Great Goulburn Cobalt Potential
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Alloy Resources (ASX: AYR) notified the market of results from a recently completed RC drill program at the company’s Ophara project, located west of Broken Hill in New South Wales. Alloy Resources explained the 12 hole RC drill program was designed to define the strike and depth potential of the known cobalt‐gold […]
Encounter Resources Identifies Cobalt Potential at Yeneena
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Encounter Resources (ASX: ENR) has started evaluating the near-term cobalt potential of the company’s copper-cobalt prospects at Yeneena in Western Australia. Encounter Resources controls 70 strike kilometres of Yeneena basin it considers to be prospective for Proterozoic copper-cobalt deposits like the deposits of the Central African Copperbelt, which is currently the world’s […]
Zinc of Ireland Prepares for Kildare Drilling Program
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Zinc of Ireland (ASX: ZMI) is about to launch a Phase 2 diamond drilling program at the company’s 100 per cent-owned Kildare MVT Zinc project in Ireland. Zinc of Ireland has received final approvals for the upcoming program from the Exploration and Mining Division (EMD) of Minerals Ireland, the Irish Government department […]
Breaker Resources encounters further shallow high-grades at Bambora
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Breaker Resources (ASX: BRB) released further shallow, high-grade gold intersections achieved during ongoing infill and extensional reverse circulation (RC) drilling at the Bombora gold discovery, part of the company’s 100 per cent-owned Lake Roe project east of Kalgoorlie in Western Australia. Breaker Resources explained the infill RC drilling at Bombora is part […]