ALL THE NEWS
Breaker Resources hits big gold between Bombora and Bombora North
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Breaker Resources (ASX: BRB) has hit shallow, high-grade gold mineralisation with reconnaissance reverse circulation (RC) drilling between the Bombora and Bombora North discoveries at the company’s Lake Roe project, east of Kalgoorlie. According to Breaker Resources the objective of the RC drilling, which is still underway, is to test a 1.2 kilometre […]
Peel Mining raises $3M in share placement
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Peel Mining (ASX: PEX) announced the finalisation of terms for a share placement for the issue of new shares in the company to raise approximately $3 million. The company said the placement of new shares is being completed at current market pricing of 16 cents per share to sophisticated investors. Peel outlined […]
Rox Resources granted Earn-in extension by Arafura Resources
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Rox Resources (ASX: RXL) has come to an agreement with farm-in, and potential Joint Venture partner, Arafura Resources (ASX: ARU). The companies have agreed to extending Rox’s stage 2 earn-in period on the Bonya project by one year. Rox is earning-in to the Bonya project via a Farm-in and Joint Venture Agreement […]
Investigator Resources to commence Nankivel follow-up drilling
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Investigator Resources (ASX: IVR) is following up the recently announced discovery of a large porphyry system with copper-gold potential at the centre of the company’s Paris silver field on the northern Eyre Peninsula in South Australia. The company indicated it will be drilling two new holes in October, also with government funding […]
Minotaur Exploration drilling in two places at once with OZ
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Minotaur Exploration (ASX: MEP) is drilling for copper and other base metals in two highly endowed geological provinces; the Olympic Dam domain in South Australia and around Cloncurry in Queensland. The Adelaide-based explorer is undertaking both programs with OZ Minerals (ASX: OZL) under differing arrangements for each. The drilling is testing geophysical […]
Panoramic ready to fly when nickel price moves
/in Uncategorized /by Wally GrahamTHE INSIDE STORY: The global nickel sector became an unwitting beneficiary when the Philippines overwhelmingly elected its new president, Rodrigo Duterte, in June. Soon after coming to power Duterte announced a campaign against irresponsible mining in the country, which has already resulted in the suspension of around 10 per cent of the country’s nickel ore […]
Investigator adds copper potential to Paris silver inventory
/in Uncategorized /by Wally GrahamInvestigator Resources (ASX: IVR) remained patient throughout the mineral resources downturn as it waited for silver to be revitalised. The wait has been rewarded with the silver price enjoying a considerable run since the beginning of 2016 from around the US$14 per ounce mark to be currently hovering between the regions of US$19 to US$20 […]
Azure Minerals pleasantly surprised by silver hits
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Azure Minerals (ASX: AZS) has received silver assays from diamond drilling recently carried out at Mesa de Plata Norte, part of the company’s Alacrán project in Mexico. The results come from drill holes Azure had previously assessed visually to have limited potential, however these have returned assays identifying surface silver mineralisation at […]
Gold Road Resources confirms deep high-grade gold at Gruyere
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has confirmed the interpreted trend of the company’s Gruyere gold deposit after receiving results from a deep diamond drill hole and up‐dip wedge, which tested the extension of the southerly plunging internal high‐grade zone. The company explained the high‐grade zone it has referred to, is a coherent […]
Zenith Minerals now 100 per cent owner at Devlin Creek
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Zenith Minerals (ASX: ZNC) has executed a binding agreement with its Joint Venture partner 4DS Memory to acquire that company’s 49 per cent interest in the Develin Creek copper-zinc-gold-silver project located in Queensland. Zenith is paying $60,000 for the acquisition of the project, which hosts a JORC 2012-compliant Inferred Mineral Resource of […]