ALL THE NEWS
Austin Exploration’s fifth Eagle Ford well flowing
/in Uncategorized /by Wally GrahamTHE ROADHOUSE BOWSER: Austin Exploration (ASX: AKK) announced its fifth Eagle Ford well with Halcón Resources, the Curington ‘A’ 1H, in Burleson County, Texas is producing large volumes of oil and gas. The Curington ‘A’ 1H produced 19,600 barrels of oil equivalent, (BOE), in its first 30 days, or an average rate of 653 BOEPD […]
Rumble intersects sulphide mineralisation on Fraser Range
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Rumble Resources (ASX: RTR) has encountered disseminated sulphides during a maiden drill program being undertaken at the company’s Big Red project in the Fraser Range of Western Australia targeting nickel-copper sulphide mineralisation. Rumble has completed four Mud Rotary/Diamond drill holes with the program, which was designed to test a two kilometre EM […]
KBL produces first zinc concentrate at Mineral Hill
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: KBL Mining (ASX: KBL) has produced saleable lead and zinc concentrate from the initial ore mined from the A lode at the company’s Mineral Hill mine in New South Wales. KBL has carried out a one week process trial to produce a saleable lead and zinc concentrates, from which it said preliminary […]
Hi Ho, Hi Ho, it’s off to work we go
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Each week any number of junior exploration plays set out to drill their ground. Here’s a small selection of what’s been happening this week. Fairholme drilling to commence Clancy Exploration (ASX: CLY) announced diamond drilling of high priority Induced Polarisation (IP) targets at Fairholme will commence in early December. A three hole […]
Carnarvon Petroleum cashes up on Thai asset sale
/in Uncategorized /by Wally GrahamTHE ROADHOUSE BOWSER: Carnarvon Petroleum (ASX: CVN) has entered into a Sale and Purchase Agreement (SPA) to divest its remaining 20 per cent interest in the Thailand oil production concessions L44/43, L33/43 and SW1A. The company has agreed to sell its remaining 20 per cent interest in its Thai assets to the Berlanga Group for […]
An industry under siege: why we need the junior resources sector.
/in Uncategorized /by Wally GrahamMARK GORDON: So, why do we need the junior resources sector? Speaking from a purely selfish viewpoint I need it so I can keep working in a sector that I have a strong passion for. The mineral exploration and financial sectors involved with resources have given me a fantastic career over 24 years – one […]
Friday Flashback
/in Uncategorized /by Wally GrahamTHE WEEKLY WRAP: Somebody needs to tell the Americans holidays are a time for relaxation. As they settled in to give thanks, the land of the free began a frenzied sell-off of energy shares after the Organization of the Petroleum Exporting Countries (OPEC) decided to do nothing to ease the current glut of oil on […]
What the Analysts Say
/in Uncategorized /by Wally GrahamWHAT THE ANALYSTS SAY: Interesting news and views from across the Resource Analyst universe. Website: www.beerandco.com.au Company: New Age Exploration (ASX: NAE) Lochinvar is part of the Canonbie coal field, which was first drilled in the 1950s by the UK National Coal Board. Lochinvar was explored intermittently until the mid-1980s, when it was shelved with […]
Fund Raising across the Boards
/in Uncategorized /by Wally GrahamTHE FUND RAISER: There seems to be enough going on to suggest interest in the resources sector still exists. $1.1 million to advance San Santiago copper assets Minera Gold (ASX: MIZ) has received commitments from existing major shareholders and clients of Alignment Capital to raise $1.1 million in new funding. The company sought the funding […]
IMX records more high-grade hits at Chilalo
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: IMX Resources (ASX: IXR) has received further assays from a Reverse Circulation (RC) drilling program at the Chilalo graphite project, located on the company’s Nachingwea property in Tanzania. The assays are from four holes at Chilalo with highlighted intersections including: NRC14-154: 16 metres at 11.7 per cent total graphitic carbon (TGC) from […]