ALL THE NEWS
Bassari increases Makabingui estimate beyond 1M ounce mark
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Bassari Resources (ASX: BSR) has taken the Indicated and Inferred Mineral Resource estimate at the company’s Makabingui gold project in Senegal West Africa to over the 1 million ounce mark. The company has announced a JORC Code-compliant Indicated and Inferred Mineral Resource estimate 11.9 million tonnes at 2.6 grams per tonne gold, […]
Silver Lake continues to de-construct Eelya Complex
/in Uncategorized /by Wally GrahamTHE DRILL SEREGANT: Silver Lake Resources (ASX: SLR) has provided an update on drilling activities from an ongoing $20 million exploration program targeting copper and other base metals within the Eelya Complex, part of the company’s Murchison project located 600 kilometres North of Perth. Silver Lake commenced drilling at the Eelya Complex in September 2011, […]
Australian Bauxite confirms 3.5M tonne Resource
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Bauxite development company, Australian Bauxite Limited (ASX: ABZ) has completed investigative drilling as part of the due diligence process in respect to the acquisition of Mining Lease ML80126. The mining lease is located 25 kilometres south of Mundubbera and 155 kilometres southwest of Bundaberg Port in central Queensland. Australian Bauxite tenements […]
Goodrich Resources buys Ellendale diamond mine
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Goodrich Resources (ASX: GRX) has entered into a sales and purchase agreement with Gem Diamonds Limited (LSE: GEMD). The deal will result in Goodrich acquiring 100 per cent of the shares of Gem Diamonds Australia Holdings, owner and operator of the Ellendale diamond mine. The Ellendale Mining Lease (covering 123.9 square kilometres) […]
Mungana enters into farm-in joint venture with AngloGold
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Mungana Goldmines (ASX: MUX) and its 100 per cent-owned subsidiary Nyngan Gold, have agreed to enter into a farm-in agreement with AngloGold Ashanti Australia (ASX: AGG) on the Nyngan gold project in New South Wales. The farm-in agreement relates to exploration licences EL7751 and EL7752 and exploration licence applications ELA4288 and ELA4479. […]
Mining Group confirms continuous gold at Taub
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Mining Group Limited (ASX: MNE) has received further positive results from a high-grade gold bearing vein system at the Taub prospect at the company’s Comval copper gold project in the Philippines. Mining Group claims Taub as a newly-discovered gold prospect situated approximately 7.5 kilometres north of the Tagpura copper deposit. Location […]
Gindalbie raises $62M to strengthen balance sheet
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Gindalbie Metals (ASX: GBG) has announced an approximate $62 million equity raising. The raising comprises a $40 million fully underwritten placement to institutional and sophisticated investors and a proposed additional conditional placement of approximately $22 million to the company’s major shareholder Ansteel, maintaining its approximate 36 per cent equity interest in Gindalbie. […]
Evolution claims new gold discovery at Pajingo mine
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Recent drilling along the Moonlight structure by Evolution Mining (ASX: EVN) at the company’s 100 per cent-owned Pajingo gold mine in North Queensland has intersected a new high-grade gold shoot. The newly-identified shoot has been given the moniker Io (pronounced “eye oh”) and is situated approximately 200 metres south of the Moonlight […]
Peak makes beneficiation breakthrough at Ngualla
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Peak Resources (ASX: PEK) has reported the development of a process to physically upgrade rare earth mineralisation at the company’s Ngualla rare earths project in Tanzania. The company has used a combination of Wet High Gradient Magnetic Separation (WHGMS) and a specialised flotation regime, which it claims has demonstrated 38 per cent […]
Wasabi Energy subsidiary signs water deal with AngloGold AShanti
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Aqua Guardian Group (AGG), a 79.2 per cent-owned subsidiary of emerging power producer Wasabi Energy (ASX: WAS) has completed its first mine site sale and deployment in Western Australia with AngloGold Ashanti Australia (ASX: AGG). Anglo Ashanti Australia (AGAA) has taken the lead on environmental excellence in water management by signing an […]