ALL THE NEWS
Discovery Metals intersects 54m of copper in Botswana
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Discovery Metals (ASX: DML) has reported assay results from 15 diamond drill holes at the Zeta NE deposit, located within the company’s 100 per cent-owned prospecting licences in the Kalahari Copperbelt in north-west Botswana. Discovery said the In-fill drilling at Zeta NE has intersected copper-silver mineralisation thicker than what it expected. Diamond […]
Papillon encounters further high-grade gold at Fekola
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Papillon Resources (ASX: PIR) has received the latest results from a 2011/2012 drilling program undertaken at the company’s Fekola project, located in south western Mali. The Project currently hosts a Mineral Resource Estimate comprising 40.1 million tonnes at 2.4 grams per tonne gold for a contained 3.14 million ounces of gold at […]
Southern Cross Goldfields acquires new project and scores new finance arrangement
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Southern Cross Goldfields (ASX: SXG) has signed a formal Sale Agreement with Troy Resources (ASX: TRY) for the acquisition of the Sandstone gold project. Southern Cross has also received a credit-approved offer of finance from RMB Australia Holdings for the provision of an acquisition finance facility of up to $7 million to […]
BC Iron acquires bigger slice of expanded Nullagine JV
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Australian iron ore producer, BC Iron (ASX: BCI) has signed agreements with its joint venture partner, Fortescue Metals Group (ASX: FMG) and subsidiaries, to acquire an additional 25 per cent interest in the Nullagine iron ore Joint Venture (NJV), effective 1 January 2013. As part of the transaction, BC Iron, its subsidiary […]
Mithril Resources drilling at Spargos Reward gold mine
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Mithril Resources (ASX: MTH) has kicked off a 1,300 metre Reverse Circulation drill program to test the extensional potential of the company’s Spargos Reward gold mine. The company has a second drill program to test regional targets south of the mine planned to commence in early 2013. The drilling follows the acquisition […]
TNG confirms copper from old drill core
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: TNG Limited (ASX: TNG) has reported new results from re-sampling and assaying of historic diamond drill core from the Mount Hardy ‘Mine’ prospect at the company’s 100 per cent-owned Mount Hardy copper project in the Northern Territory. The company considers the latest results provide evidence of widespread copper mineralisation at Mount Hardy […]
Phoenix Gold Resources now over 2.5M ounces
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Phoenix Gold (ASX: PXG) has increased the company’s total Mineral Resources at the company’s Castle Hill project to 45.35 million tonnes at 1.7 grams per tonne gold for 2.52 million ounces. The company indicated this figure represents an increase of 324 per cent since it acquired the project in 2010. Recent upgrades […]
Excelsior Gold increases Zoroastrian Resource at Kalgoorlie North gold project
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Excelsior Gold (ASX: EXG) has received results of interim resource calculations based on drilling results received to date from the Zoroastrian gold deposit within the company’s 100 per cent-owned Kalgoorlie North gold project. The company has announced an increase in contained gold ounces at Zoroastrian by 50 per cent. The Zoroastrian gold […]
PMI Gold to merge with Keegan Resources to form new West African gold company
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: PMI Gold Corporation (ASX: PVM) (TSX: PVM) and Keegan Resources (TSX: KGN) (NYSE MKT: KGN) have entered into a definitive arrangement agreement to combine their respective businesses to create a substantial West African gold development company. The merger of equals will be known as Asanko Gold Inc. in reference to the West […]
Eastern Iron readies to move Nowa Nowa to feasibility study
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Eastern Iron Limited (ASX: EFE) has received the results from scoping studies recently completed at the company’s 100 per cent-owned Nowa Nowa iron project in Eastern Victoria. The company said the studies have indicated the potential for development of a mining operation based on a previously announced resource of high grade magnetite […]