ALL THE NEWS
Royal takes Red Dragon beyond 3 billion tonnes
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Royal Resources (ASX: ROY) has announced an upgrade of JORC-compliant Inferred Resource at the Ironback Hill prospect, located in the southern portion of the company’s 100 per cent-owned Red Dragon Venture magnetite deposit. The Inferred Resource at Ironback Hill has increased to 1,187 million tonnes at 23.2 per cent iron. A previous […]
Latin Resources increases Guadalupito exploration target
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Latin Resources (LRS: ASX) has released a revised global Conceptual Exploration Target for the company’s Guadalupito project in Peru. Guadalupito project concessions. Source: Company web page The company said the new target of 4,480 million tonnes at 6.1 per cent heavy minerals [HM] takes into account geological and exploration data […]
Doray commences mining activities at Andy Well
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Doray Minerals (ASX: DRM) has graduated to big boys’ trousers having officially made the transition from mineral explorer to gold miner. The rite of passage follows the commencement of open pit mining operations at the company’s 100 per cent-owned high-grade Andy Well gold project in the northern Murchison region of Western Australia. […]
Ampella backlog assays an instant success
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Ampella Mining (ASX: AMX) has received wide zone, high-grade assay results from backlogged drill samples being tested at its newly commissioned on‐site laboratory at the company’s Batie West project in Burkina Faso. The latest assay results were conducted on samples received from a reverse circulation and diamond drill program Ampella completed in […]
Phoenix kicks off $20M drilling program
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Phoenix Gold (ASX: PXG) has commenced a $20 million accelerated drilling program on the Kunanalling and Zuleika shear zones in the heart of the Western Australian Goldfields, just outside of Kalgoorlie – Boulder. The program is to comprise a combination of reverse circulation (RC) and diamond drilling at the company’s Castle Hill […]
Cassini confirms West Musgrave as high-order nickel target
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Cassini Resources (ASX: CZI) has received the results of a report conducted by independent consultant Dr Jon Hronsky on the geophysical interpretation of the company’s 100 per cent-owned West Musgrave project in Western Australia. Cassini said the report has provided some context to several discrete anomalies, identifying them as high priority, potentially […]
Wolf receives revised credit approval for Hemerdon project
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Specialty metal exploration and development company Wolf Minerals (ASX: WLF) (AIM: WLFE) has received an updated and increased credit approval from UniCredit Bank AG (UniCredit Corporate & Investment Banking), ING Bank N.V. and Caterpillar Financial SARL. The amount of credit that has been approved is for £75 million ($115 million) in senior […]
Gryphon Minerals raises $31.3M
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Burkina Faso trailblazers Gryphon Minerals (ASX: GRY) has raised $31.3 million via an institutional share placement to allow the advancement of the company’s Banfora gold project. Gryphon will issue 52.2 million fully paid ordinary shares to existing and new Australian, European and North American institutional investors at an issue price of 60 […]
IMX to sell Mt Woods interest to OZ Minerals
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: IMX Resources (ASX: IXR) (TSX: IXR) has entered into a non-binding heads of agreement (HoA) with OZ Minerals (ASX: OZL). The HoA covers the proposed sale of IMX’s 49 per cent interest in the Mt Woods copper-gold Joint Venture to OZ Exploration, a wholly owned subsidiary of OZ Minerals. IMX and OZ […]
Latest drilling encouraging for Paynes Find Gold
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Paynes Find Gold (ASX: PNE) has received encouraging results from Stage 2 drilling conducted on the company’s 100 per cent-held tenements at Paynes Find in Western Australia. The Stage 2 drilling was completed in early September, consisting 52 RC holes and six diamond drill holes, producing a total of 7,145 samples, including […]