ALL THE NEWS
AusAmerican confirms copper mineralisation in Arizona
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Australian-American Mining Corporation (ASX: AIW) kicked off its first exploration program over the company’s recently-acquired Bluebell and De Soto VMS projects located in Arizona, United States of America. After acquiring the projects in August 2012 AusAmerican commenced work in October, which included geological mapping, channel sampling, the purchase of a data package, […]
Mining Group claims Philippine gold discovery
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Mining Group (ASX: MNE) has received results for the first two holes drilled at the Tagpura North target at the company’s Comval project in the Philippines. The company claimed the two holes, which are part of a four hole program planned at Tagpura North, have confirmed the presence of gold rich skarns […]
Peel Mining confirms copper-polymetallic mineralisation at Mundoe
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Peel Mining (ASX: PEX) has received the results from RC drilling it recently conducted at the Mundoe copper-polymetallic prospect. Mundoe is part of the company’s 100 per cent-owned Cobar Superbasin project and is located about 90 kilometres west of Condoblin in New South Wales, about 50 kilometres south of Peel’s Mallee Bull […]
Tanami Gold increases Groundrush Mineral Resource estimate
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Australian gold producer Tanami Gold (ASX: TAM) has taken delivery of a new Mineral Resource estimate for the Groundrush deposit totalling 1.04 million ounces of gold. The company said the estimate will be incorporated into the Central Tanami project Definitive Feasibility Study. Tanami said the increase in the Measured and Indicated Mineral […]
Atlantic Gold advances Touquoy land acquisition
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Atlantic Gold (ASX: ATV) has made progress with its surface lands acquisition program over the footprint of the company’s Touquoy gold project in Nova Scotia, Canada. The company said it had secured possession of four of the last five remaining non-Crown titles, from a total of 63 private properties required for development […]
Forge Resources identifies West Eucla EM anomalies
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Forge Resources (ASX: FRG) has had an airborne TEMPEST Geophysical survey conducted on the company’s Fraser Range West Eucla project. The company said interpretation of the electro-magnetic (EM) survey has demonstrated it achieved its three main objectives, which were: – To identify any discrete EM anomalies within the basement that may be […]
Kupang Resources ties up manganese supply
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Kupang Resources (ASX: KPR), as part of the Kupang Joint Venture, has entered into a letter of intent with the Manganese Society of Kupang for supply of high-grade manganese ore to the company’s Kupang project (Kupang 55 per cent) in West Timor, Indonesia. Location of Kupang project. Source: Company announcement […]
Mt Dove takes off for Atlas Iron
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Atlas Iron (ASX: AGO) has commenced production at the company’s third Pilbara iron ore mine, Mt Dove, located 65km south of Port Hedland in Western Australia. Atlas considers the commencement of production at Mt Dove to be a major steppingstone towards achieving the company’s near-term Horizon 1 production target of 12 million […]
Discovery Metals slowed down by gearbox trouble at Boseto
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Discovery Metals (ASX: DML) has hit a temporary roadblock to ore milling at the company’s Boseto copper project in Botswana. The interruption has been caused by the failure of a bearing in the ball mill gearbox, which was detected on 24 December. The company originally anticipated the shutdown would be for a […]
Korab Resources updates Winchester sale information
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Korab Resources (ASX: KOR) responded to queries regarding the sale of the Winchester magnesite deposit the company announced to the market on 31 December 2012. Korab is selling the Winchester magnesite deposit, which is a small section – covering approximately 2 per cent – of the overall area of the company’s Batchelor […]