ALL THE NEWS
African Iron strengthens Mayoko Resource
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Australian-based African Iron has updated the JORC mineral resource at its 92 per cent-owned Mayoko iron ore project, located in the Republic of Congo, West Africa by 121 million tonnes. The Mayoko mineral resource now comprises an Indicated and Inferred hematite direct shipping ore component of 44 million tonnes at 55 per […]
First hole delivers for Blackthorn
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Blackthorn Resources has received an encouraging result from the first drill hole it has completed on the Kitumba copper deposit at its Mumbwa project in Zambia. The hole intercepted drilled thickness intervals that include: – 282.7 metres at 1.05 per cent copper between 178.3 metres and 461 metres, including 60 metres at […]
Andrew Richards – Red Mountain Mining
/in Uncategorized /by Wally GrahamONE OFF THE WOOD: Red Mountain Mining chief executive officer Andrew Richards propped up at the front bar of The Roadhouse recently to tell us about the company’s gold adventures in China. Not too many people may have heard of Red Mountain Mining before you listed on the Boards of the ASX in September this […]
Keep volatility in-market
/in Uncategorized /by Wally GrahamVolatility in the markets can be a good thing. The problem lately, however, is that the volatility has been on the front page of the nation’s newspapers. When that occurs it’s usually a precursor to Armageddon for investment advisers. Investors, particularly “mums and dads”, don’t like uncertainty and that has been confirmed both anecdotally and […]
Finders secures funding for Wetar copper project
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Two major shareholders of Finders Resources, Taurus Funds Management and Resource Capital Funds have agreed to provide a loan of up to $8 million to Finders, providing capital for the Wetar copper project in Indonesia. Finders will put the funds towards deposits and progress payments on Marine Fuel Oil (MFO) generators, the […]
Bass turns Fossey mine
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Bass Metals has reported progress with the turnaround in the performance of its 100 per cent-owned Fossey mine in Tasmania. The company’s September 2011 quarterly report indicated a strong recovery from recent mine issues and an excellent outlook for further exploration success underpinned by robust production. Bass Metals said that although the […]
Apollo gains access to Woomera Defence Area
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Apollo Minerals has entered into a Deed of Access (“DoA”) with the Australian Department of Defence that allows the company to explore the full extents of its Commonwealth Hill property located within the Woomera Defence Area in South Australia. Apollo is one of the first exploration companies to be granted access for […]
Kalgoorlie upgrades Bullant
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Kalgoorlie Mining Company has release an upgraded resource estimate of 446,900 tonnes at 4.68 grams per tonne containing 67,300 ounces of gold for the East Lode resource at its Bullant gold mine located 70 kilometres north west of Kalgoorlie, Western Australia. The updated Resource Estimate is a 440 per cent increase over […]
Sheffield announces Inferred Resource
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Bulk minerals explorer Sheffield Resources has announced an Inferred Resource for its Ellengail heavy mineral sand (HMS) project, located seven kilometres west of Eneabba in the mid-west region of Western Australia. The Inferred Resource measure 46.45 million tonnes at 2.2 per cent heavy minerals for 1.040 million tonnes of contained heavy minerals, […]
Chesser drills Turkish delights
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Chesser Resources has received the latest results from its current 30,000 metre drill program being carried out at the Kestanelik project in western Turkey. The company’s aim is to complete the drilling required to estimate a JORC resource for the already-drilled high-grade veins at Kestanelik (Karakovan, K1, K2, K3 and KS). Chesser […]