ALL THE NEWS
MZI Resources increases Keysbrook THM Resource
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: MZI Resources (ASX: MZI) has increased the Mineral Resources at the company’s Keysbrook mineral sands project in Western Australia by 60 per cent to 78.9 million tonnes at an average grade of 2.5 per cent Total Heavy Mineral (THM). The increase follows the company undertaking the re-evaluation of permits, agreements and approvals. […]
Red Mountain Mining extends gold mineralisation at West Drift
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Red Mountain Mining (ASX: RMX) has continued its run of news from ongoing drilling being conducted at the company’s Batangas gold project, located 100 kilometres south of Manila in the Philippines. Recent drilling on the West Drift epithermal lode system has extended the high-grade gold zone at the Lobo prospect, situated within […]
Corazon raises cash to tackle TUR project
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Corazon Mining (ASX: CZN) has raised funds via a Share Purchase Plan and subsequent Shortfall Placement. The Share Purchase Plan, which closed last Friday, raised approximately $600,000 from existing shareholders. The SPP raised interest from other investors, which resulted in the company placing the shortfall from the SPP for approximately $900,000. Corazon […]
Sedgman inks $90M EPC contract with La Mancha for Mungari gold project
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Resource sector services company Sedgman (ASX: SDM) has scored a contract to Engineer, Procure and Construct (EPC) a new processing plant for Montreal-based La Mancha Resources’ Mungari gold project near Kalgoorlie in Western Australia. The value of the EPC work to be completed by Sedgman is approximately $90 million from the total […]
Northern Star increases gold resource at Ashburton project
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Northern Star Resources (ASX: NST) has increased resources at the company’s Ashburton gold project in Western Australia by 66 per cent. The new Ashburton resource has come in at 21.3 million tonnes at 2.4 grams per tonne gold for 1.67 million ounces of gold. Northern Star said the increased inventory underpins the […]
White Rock Minerals confirms gold mineralisation at Red Rock
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: White Rock Minerals (ASX: WRM) has intersected a large zone of shallow gold mineralisation at the Red Rock prospect in northern New South Wales. The Red Rock prospect is located on mining leases sitting 15 kilometres from the existing 23.3 million ounce silver and 0.28 million ounce gold Resource base on the […]
Azure Minerals – Mexico’s favourite Aussies
/in Resources Roadhouse, The Inside Story, Uncategorized /by Wally GrahamTHE INSIDE STORY: It’s encouraging when an exploration company exemplifies the definition of the term explorer, which according to my dictionary: ‘travels into undiscovered or un-investigated territory’. In 2005, while contemporaries wrestled over projects in Australia or headed to less-politically friendly climates in Africa, Azure Minerals (ASX: AZS) journeyed to Mexico. “We were looking for […]
New Age Exploration defines maiden Resource for Redmoor
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: New Age Exploration (ASX: NAE) has defined a maiden Inferred Resource at the company’s Redmoor tin-tungsten project, located in south east Cornwall, United Kingdom. The calculation of the Resource follows the completion of an assay verification program of historic drill core from the project. The Inferred Resource at Redmoor has come in […]
Excelsior Gold increases and upgrades Zoroastrian
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Excelsior Gold has completed resource calculations based on infill and extensional drilling results from the Zoroastrian gold deposit, situated within the company’s Kalgoorlie North gold project, which has increased total resource ounces by 12 per cent and upgraded Inferred resources by 28 per cent to the Indicated category. The new Indicated and […]
Laconia hits impressive copper in Peru
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Laconia Resources (ASX: LCR) has received high-grade copper-gold-silver values from historical underground drive development sampling undertaken at the Española 1 prospect, situated within the company’s Rasuhuilca project in Peru. The company described this copper occurrence to be significant as it combines with its previously released knowledge of the geology, mineralisation and alteration, […]