ALL THE NEWS
Doray Minerals extends Wilber and Judy lodes at Andy Well
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Doray Minerals (ASX: DRM) has extended high-grade gold mineralisation at both the Wilber and Judy orebodies at the company’s Andy Well gold project near Meekatharra in Western Australia. The extensions have come courtesy of recent underground diamond drilling undertaken by Doray at Andy Well as part of an ongoing campaign to delineate […]
Altona Mining signs US$238.5M joint venture for Cloncurry Project
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Altona Mining (ASX: AOH) has negotiated a binding agreement with Sichuan Railway Investment Group (SRIG) to create a joint venture to build a new copper-gold mine at the company’s Cloncurry project located in north-west Queensland. The deal gives rise to a new Joint Venture company, Roseby Copper Pty Ltd (JVCo), which will […]
AMEC to discuss uncertainty caused by ASIC guidance on forward-looking statements
/in Uncategorized /by Wally GrahamCONFERENCE CALLER: In the lead-in to the Association of Mining and Exploration Companies (AMEC) annual talkfest next week, the body’s chief executive, Simon Bennison says the release of ASIC Information Sheet 214 on Forward-Looking Statements has created significant uncertainty in the Australian mining and mineral exploration sector. Bennison declared that ever since the guidance was […]
Lithium Australia granted Ravensthorpe work permits
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Lithium Australia (ASX: LIT) has been granted approval by Western Australia’s Department of Mines and Petroleum for initial preparatory site works on the company’s wholly-owned Ravensthorpe project, west of Esperance in the State’s south. The company said the approval to clear native vegetation is the forerunner to awaited approvals for its proposed […]
Tyranna Resources claims new Jumbuck gold discovery
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Tyranna Resources (TYX: ASX) has claimed a new gold discovery at the company’s Jumbuck project in the Northern Gawler block of South Australia. The discovery – to be known as the Greenwood prospect – stems from the receipt of assay results from the first 21 reverse circulation (RC) drill holes carried out […]
Rox Resources claims ‘world-class’ zinc discovery at Teena
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Rox Resources (ASX: RXL) announced a zinc-lead maiden Inferred Mineral Resource for the – “world-class” Teena zinc-lead deposit, located eight kilometres west of the McArthur River zinc-lead mine in the Northern Territory. Rox declared the Inferred resource to have confirmed what has thought for some time – that the Teena deposit represents […]
Breaker sells of Mt Gill and Kurrajong tenement and completes $2.1M raising
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Breaker Resources (ASX: BRB) has sold its Mt Gill and Kurrajong project tenements to Gold Road Resources (ASX: GOR) and its South Yamarna joint venture partner Sumitomo Metal Mining Oceania Pty Ltd. The total consideration for the transaction is $50,000 cash with Breaker receiving a further one million in the event of […]
Doray Minerals produces first gold and concentrates at Deflector
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Doray Minerals (ASX: DRM) announced the first gold pour and commencement of concentrate production at the company’s Deflector gold project in Western Australia. The announcement comes approximately 14 months after Doray completed its takeover of Mutiny Gold in March 2015. The company said construction of a new, purpose-built 480,000 tonnes per annum […]
Azure Minerals puts drilling pedal to the metal
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Azure Minerals (ASX: AZS) has picked up the pace of ongoing diamond drilling at the company’s Alacrán project in Mexico following a recent $15 million fundraising. The company said the fundraising will support a 10,000 metre exploration drilling program, which is to be accelerated with the addition of a second core rig […]
Kin Mining completes $1.68M raising
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Kin Mining (ASX: KIN) has completed an over-subscribed share placement to raise $1.68 million. Under the Placement, the company will issue a total of 12 million new shares to sophisticated and professional investors at a price of 14 cents each. The raising follows the company’s recent strategy of promoting growth and development […]