ALL THE NEWS
Dacian Gold encounters more Jupiter gold
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Dacian Gold (ASX: DCN) has continued its run with the drill bit at the Jupiter prospect, located on the company’s 100 per cent-owned Mt Morgans gold project in the Laverton District of Western Australia’s North Eastern Goldfields. The latest drilling conducted by the company at Jupiter has intersected a further high-grade result, […]
White Rock Minerals encouraged by more Red Rock gold
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: White Rock Minerals (ASX: WRM) has received further encouragement from recent drilling undertaken at the Red Rock prospect, located at the company’s 100 per cent-owned Mt Carrington project in New South Wales. According to White Rock the recent drilling has demonstrated potential to expand the company’s 700,000 ounce gold equivalent Resource base […]
Convertible Notes: The Good, the Bad, and the Ugly
/in Uncategorized /by Wally GrahamConvertible notes have become an increasingly popular source of finance for ASX companies over the past few years. Versions of these products have appealed in particular to small and micro cap resources companies in need of fast cash to keep fledgling development projects alive. The notes do, however, have their critics, particularly where companies which […]
What the Brokers Say
/in Uncategorized /by Wally GrahamWHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Mutiny Gold (ASX: MYG) Paterson Securities considers Mutiny Gold’s (MYG) Deflector deposit to be a quality gold-copper asset with the potential to generate significant cash flow. With an updated Definitive Feasibility Study (DFS) demonstrating a considerable reduction to start-up capital, the […]
Raising funds and Tax Refunds
/in Uncategorized /by Wally GrahamTHE FUND RAISER: This week more companies raised funds, while others receive more R&D rebates from the ATO. Receipt of Research and Development proceeds Eastern Iron (ASX: EFE) has received $690,574 from the partial refund of eligible expenditure from the Australian Government R&D Tax Incentive Program. During November the company also received $150,000 from […]
Horseshoe Metals survey highlights potential mineralised structure
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Horseshoe Metals (ASX: HOR) recently completed a gravity survey program at the company’s 100 per cent-owned Kumarina copper project, located 100 kilometres north of Sandfire Resources’ (ASX: SFR) DeGrussa copper/gold mine in Western Australia. Horseshoe conducted gravity surveys over the Snell North and Kumarina Deeps prospects at Kumarina, which were designed to […]
Millennium Minerals increases Nullagine gold project Resources
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Millennium Minerals (ASX: MOY) has updated the gold Mineral Resources for the company’s Nullagine gold project. The total project Mineral Resource (Measured, Indicated and Inferred) now stands at 47.13 million tonnes grading at 1.26 grams per tonne gold for approx. 1.9 million contained gold ounces, representing an increase of 6 per cent […]
Liontown Resources hits encouraging gold intersections
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Liontown Resources (ASX: LTR) has been encouraged by intersections recorded from an initial RC drilling program at the company’s Rupa Suguti gold project in Northern Tanzania. Better intersections from the recently-completed nine hole RC program include: – SCRC021: 5 metres at 3.8 grams per tonne gold from 59 metres, including 1 metres […]
Walkabout Resources identifies poly-metallic zone
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Walkabout Resources (ASX: WKT) has identified a poly-metallic mineralised shear zone at the company’s 75 per cent-owned Kigoma project area in Tanzania. The mineralised shear zone has demonstrated elevated levels of copper, gold, silver, lead and zinc. “We believe the team at Kigoma may have located a source of the extensive mineralisation […]
Excelsior Gold updates Zoroastrian Resources
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Excelsior Gold (ASX: EXG) has released an updated resource estimation on the Zoroastrian gold deposit within the company’s Kalgoorlie North gold project. The new estimate has increased contained resource ounces at Zoroastrian by 11 per cent and improved average grade by nine per cent. The new Indicated and Inferred gold resources at […]