ALL THE NEWS
Mamba Minerals confirms Snelgrove hematite
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Mamba Minerals (ASX: MAB) has intersected 61 metres of hematite in the second diamond hole drilled to test a significant hematite target at its Snelgrove Lake iron project, located in the Labrador Trough in eastern Canada. Source: Company announcement The hematite was intersected at a down hole depth of just […]
Fox Resources completes JV with Pilbara Minerals
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Fox Resources (ASX: FXR) has completed the definitive Farm-In and Joint Venture Agreement announced in January with Pilbara Minerals Limited (ASX: PLS). The JV is focused on the development of 10 of the latter’s 14 exploration tenements located in the West Pilbara region of Western Australia. The two companies are now working […]
Altona Mining updates Outokumpu Resource and Reserve estimates
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Altona Mining (ASX: AOH) has updated the Mineral Resource and Ore Reserve Estimates for the 100 per cent-owned Kylylahti underground mine at the company’s Outokumpu project in Finland. The December 2012 Resource Estimate for the Kylylahti mine is 7.9 million tonnes at 1.25 per cent copper, 0.69 grams per tonne gold and […]
Tanami Gold announces 100,000 ounce resource at Coyote
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Tanami Gold (ASX: TAM) has announced a Maiden Resource Estimate of 122,000 tonnes at a grade of 25.2 grams per tonne gold for 100,000 ounces of gold for the Kavanagh mineralisation at the company’s operating Coyote gold mine in Western Australia. The estimate follows a drilling campaign conducted by Tanami over the […]
Laconia Resources records high-grade Peruvian copper hits
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Laconia Resources (ASX: LCR) has identified high-grade copper-gold-silver in historical diamond drilling and surface channel sampling at its newly-optioned Fortuna prospect, located within the company’s Rasuhuilca project in Peru. Although the company indicated the results represent early-stage exploration work, it also said it considers them to be of some significance for two […]
Southern Cross Goldfields and Polymetals Mining to merge
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Polymetals Mining (ASX: PLY) and Southern Cross Goldfields (ASX: SXG) have agreed to combine the two companies to create a new Australian gold company. The merged entity will result in a gold company with a combined Mineral Resource inventory of 1.69 million ounces, as well as encouraging exploration upside and an […]
BCD Resources and Malachite Resources join forces for Lorena JV
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: BCD Resources (ASX: BCD) and Malachite Resources (ASX: MAR) have agreed to strike up a Joint Venture for the development of the Lorena gold mine following the successful completion of due diligence by both parties. The JV will follow the terms announced by the companies under a Heads of Agreement in November […]
Musgrave Minerals strikes new zinc-silver-gold at Tank Hill
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) has claimed to have intersected a new zone of zinc, silver and gold mineralisation at the Tank Hill target at the company’s Menninnie Dam project, located in the southern Gawler Craton region of South Australia. Musgrave has carried out broad-spaced reverse circulation (RC) drilling at Tank Hill, […]
Mithril Resources identifies new gold zone at Spargos Reward
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Mithril Resources (ASX: MTH) has received positive results from a recently completed drilling program conducted at the company’s wholly-owned Spargos Reward gold mine, located approximately 30 kilometres west of Kambalda in Western Australia. Mithril said the latest drilling has identified a new gold zone – named the Evans prospect – immediately south […]
Phase one of East Pilbara independent railway study completed
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Brockman Mining (ASX: BCK) has announced the completion of the first phase of an Alliance study, being conducted in conjunction with Aurizon Operations and Atlas Iron (ASX: AGO). The study is evaluating a new, independent, multi-party railway to connect iron ore mines in the East Pilbara to Port Hedland. Brockman said the […]