ALL THE NEWS
Azure commences follow-up drilling in Mexico
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Azure Minerals (ASX: AZS) has been given the go-ahead for the immediate drilling of a second 1,000 metre deep drill hole at its La Tortuga project, located in the state of Sonora, Mexico by its Joint Venture (JV) partner, Japanese Government organisation JOGMEC. The JV considered the results of a first exploration […]
Cleveland commences mining at Premier
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Cleveland Mining Company (ASX: CDG) has commenced commercial mining and processing of ore at the Premier gold mine (50 per cent CDG) in central Brazil. The Phase I gravity plant at the mine is currently operating at up to 40 tonne per hour. Cleveland indicated it is now working on Phase 2, […]
YTC strikes $158 million finance deal with Glencore
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: YTC Resources (ASX: YTC) has agreed binding terms with Glencore International for the provision of up to A$155 million in debt and converting note facilities. Glencore has also subscribed for $2.95 million worth of YTC shares. The funds have been earmarked for the construction of the Hera and Nymagee projects in the […]
Volta Mining to acquire Kango iron ore project in Gabon
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: West Africa-focussed resources company Volta Mining (ASX: VTM) is pleased to announce it has entered into a binding Heads of Agreement (“HOA”) with Core Mining. The deal will result in Volta Mining, through its 100 per cent-owned Mauritian subsidiary, Volta West Africa, acquiring 100 per cent interest in Core Mining Gabon SARL, […]
Mike Jones – Impact Minerals
/in Uncategorized /by Wally GrahamONE OFF THE WOOD: Impact Minerals (ASX: IPT) managing director Mike Jones dropped in to tell us about the company’s projects in Botswana and its increased stake in Invictus Gold (ASX: IVG). Impact Minerals has been in Botswana for some time. What are the projects you have been working on? We have two projects […]
Gold Road identifies more gold anomalies at Tobin Hill
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has identified four new gold geochemical anomalies at Tobin Hill East on the company’s wholly-owned Yamarna gold belt in Western Australia. Tobin Hill East gold anomalies image (white and red) over larger magnetic image. Source: Company announcement The latest finds bring the total number of […]
Reform needed to keep industry competitive
/in Uncategorized /by Wally GrahamGUEST CONTRIBUTOR: Association of Mining and Exploration Companies (AMEC) CEO Simon Bennison says it’s no secret that the Australian mineral exploration and mining industry is currently facing difficult times. The industry is no longer as cost competitive as it once was with production costs continuing to rise dramatically. Exploration and mining companies are experiencing […]
What the Brokers say
/in Uncategorized /by Wally GrahamWHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe Potash West (ASX: PWN) Potash West recently released a maiden JORC resource of 244 million tonnes of potassium rich greensands at the Dinner Hill prospect. Encouragingly, only 20 per cent of the Dinner Hill prospect area (and none of […]
Orinoco bulk samples return 22.1g/t gold
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Testing by Orinoco Gold (ASX: OGX) on an initial one tonne bulk sample from the Cascavel Target at the company’s Curral de Pedra project in central Brazil has returned an average head grade of 22.1 grams per tonne gold. Orinoco claims the result has confirmed the high‐grade nature and significant potential of […]
Cauldron identifies third uranium channel at Yanrey
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Recent drilling carried out by Cauldron Energy (ASX: CXU) at the Bennett Well South prospect, within the company’s Yanrey uranium project in Western Australia, has identified a third high-grade uranium paleo-channel. Cauldron considers the new channel to be of consistent depth, width and potentially significant length. “The identification of this new 10 […]