ALL THE NEWS
Mining Group tops 2011 IPOs
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Gold and base metals explorer, Mining Group listed on the ASX last year. The company closed off 2011 atop the year’s IPO chart with its share price ending at an all-time high of 65c, marking an increase of 220 per cent to its listing share price of 20c. 2011 turned out to […]
RNI picks up Fortnum gold project
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Resource and Investment (RNI) has greeted the New Year by announcing following a deal to acquire the Fortnum gold project and surrounding exploration tenements in the Bryah Basin of Western Australia. The Fortnum project, owned by BlueCrest subsidiary Grosvenor Gold, is located 170 kilometres north-west of Meekatharra in WA. RNI has entered […]
Coppermoly and Barrick to form JV
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Global gold producer Barrick Gold has notified Coppermoly that it has met the $20 million expenditure commitment under the farm-in agreement on Coppermoly’s Simuku, Nakru and Talelumas tenements on New Britain Island, located off the coast of Papua New Guinea. Location of Coppermoly projects on the Kulu Awit copper belt. Source: […]
Chalice confirms Koka South mineralisation
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: ASX and TSX-listed Chalice Gold Mines and Zara Mining Share Company (Chalice 60 per cent, ENAMCO 40 per cent) have received the latest drilling results from the emerging Koka South discovery located on the Zara gold project in Eritrea. Chalice said the results confirm high-grade mineralisation extending below and south of drilling […]
Ironbark upgrades Citronen
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Greenland-focused Ironbark Zinc has announced a resource upgrade in both grade and in the company’s confidence in its wholly-owned, Citronen base metals project. The company said the latest resource upgrade has been based on recent drilling conducted during 2011. Ironbark has completed over 60,000 metres of diamond drilling at Citronen. According to […]
Western Areas adds to Spotted Quoll
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Western Areas has updated the Mineral Resource at Spotted Quoll. The update includes the first resource estimate for the Stage 2 area at the project. The previous mineral resource estimate for Spotted Quoll was released in January 2009. It comprised a total of 2,021,600 tonnes at an average grade of 6.2 per […]
Monax identifies new Polinga anomaly
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Monax Mining has identified, what it describes as, a significant new chargeability anomaly, which the company considers could represent a newly-discovered manganese horizon. The identification was made at the company’s Polinga manganese prospect, which forms part of its Waddikee project, located on Eyre Peninsula in South Australia. Waddikee project, Eyre Peninsula, South […]
Northern eyeballs Wolverine extension
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Diamond drilling being carried out by Northern Minerals at its Browns Range heavy rare earth (HREE) project in northern Western Australia has allowed the company to make visual observations and portable XRF measurements. The company said the observations and measurements indicate an extension of the HREE mineralised zone to below 120 metres […]
Macphersons targets Nimbus East tailings
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: MacPhersons Reward Gold has completed preliminary sampling of the Nimbus East Pit tailings storage facility (TSF) at its 100 per cent-owned Nimbus project, located near Kalgoorlie in Western Australia. View of Nimbus Silver Mine, current mill processing site and East Pit showing first two composited test sites labelled as “C” and […]
Draig relists following Mongolian acquisitions
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Mongolian coal explorer Draig Resources has had its shares re‐listed on the Australian Securities Exchange, following the completion of a capital raising and the acquisition of eight coal licences in Mongolia’s Ovorhangay and South Gobi Provinces. Draig completed a $17 million capital raising via the issue of 34 million shares under priority […]