ALL THE NEWS
Avalon Minerals increases D Zone Resource by 30Mt
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Avalon Minerals (ASX: AVI) has announced a Mineral Resource estimate upgrade at the D Zone prospect, located on the company’s Viscaria project in northern Sweden. Project location. Source: Company announcement The company explained the resource upgrade follows a recently-completed 2012-2013 northern hemisphere winter extensional drill program where 43 drill holes […]
Saracen Mineral Holdings restructures hedging and debt
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Saracen Mineral Holdings (ASX:SAR) has restructured its hedging program and reduced the amount of its debt facilities. The company indicated restructuring was undertaken to align with reduced expenditures it had previously announced in a strategic review of its business in May that is aimed at reducing ‘all in’ sustaining cash costs to […]
Hazelwood Resources hits new tungsten intersections at Mt Mulgine
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Hazelwood Resources (ASX: HAZ) has received results from recently-completed drilling at the Mt Mulgine tungsten project in Western Australia. Hazelwood owns 70 per cent of the tungsten and molybdenum rights, Gindalbie Metals (ASX: GBG) 30 per cent, and Minjar Gold Pty Ltd, a subsidiary of Shandong Tainye Group, has gold rights to […]
Phoenix Gold extends mineralisation at Castle Hill Stage 1
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Phoenix Gold (ASX: PXG) has received further results from drilling being conducted immediately north of Stage 1 at the company’s Castle Hill gold project, located on the Kunanalling shear zone in the Western Australian Goldfields, less than 50 kilometres from Kalgoorlie. Phoenix Gold said the latest results have extended gold mineralisation at […]
General Mining hits high-grades at Chesterfield
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: General Mining Corporation (ASX: GMM) has received results from the first round of drilling at the company’s Chesterfield gold project, 50 kilometres north-west of Meekatharra in Western Australia. The drilling has returned numerous high-grade intersections – up to 61 grams per tonne gold, which General Mining said demonstrates Chesterfield has potential to […]
Corazon identifies copper sulphide at Top Up Rise
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Corazon Mining (ASX: CZN) has commenced exploration drilling at the company’s Top Up Rise project (TUR) in the Gibson Desert region of Western Australia. The drilling program is testing a large gravity anomaly of approximately 10 kilometres by 6 kilometres in size. Corazon has reported that copper sulphide (chalcopyrite) mineralisation has been […]
Avanco Resources upgrades Stage II Pedra Branca Resource
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Avanco Resources (ASX: AVB) has reported a 46 per cent increase in the JORC Code-compliant Reported Mineral Resources at the Pedra Branca West deposit, located in the Carajás Mineral Province in northern Brazil. The increase represents a 15 per cent increase overall at Stage II. The JORC Reported Mineral Resource Inventory for […]
Hot Chili scores more copper results at Productora
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Hot Chili (ASX: HCH) is anticipating a rise in the economics of the company’s Productora copper project in Chile after receiving more high-grade drilling results. The latest drilling results come from the eastern flank of the central resource area within the parameters of the planned central open pit. They include intersections of: […]
Aguia Resources strikes phosphate intersections in Brazil
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Aguia Resources (ASX: AGR) has received initial results from recent exploration activity at the company’s Joca Tavares project located in the state of Rio Grande do Sul in southern Brazil. Aguia has completed detailed programs of mapping, rock, soil and auger sampling to delineate the dimensions of the Joca Tavares carbonatite for […]
Laconia Resources sells off Lennons Find project
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Laconia Resources (ASX: LCR) has entered into a Binding Terms Sheet to divest 100 per cent of its interests in the Lennons Find project in Western Australia to unlisted entity Musketeer Minerals. Laconia has a 100 per cent interest in the Rasuhuilca copper-gold-silver project in Southern Peru where the company is currently […]