ALL THE NEWS
Sheffield Resources confirms HMS mineralisation
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Bulk minerals exploration play Sheffield Resources announced results from a 90 hole drilling program at its West Mine North heavy mineral sand (HMS) project. The West Mine project is located six kilometres west of Eneabba in the Mid-West region of Western Australia. In its announcement to the Australian Securities Exchange Sheffield said […]
East Coast Minerals closes in on lithium acquisition
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Australia-based exploration and mining company East Coast Minerals has entered into a conditional agreement through its major shareholder Exchange Minerals to acquire an 80% shareholding in the ECM Lithium Group. ECM Lithium Group subsidiary company, ECM Lithium AT GmbH has subsequently entered into a conditional contract with third party vendor Kärntner Montanindustrie […]
Monax increases tenement position
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Multi-commodity exploration play Monax Mining has increased its land holdings following a tenement purchase on the Yorke Peninsula, South Australia. The company has purchased EL 3922, which takes its tenement position on Yorke Peninsula to four exploration licences, covering an area of 401 square kilometres. The Yorke Peninsula is located within the […]
Voyager discovers copper in Mongolia
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Mongolia-focused copper exploration play Voyager Resources has told the market it has made a high-grade copper discovery. The company announced initial assay results it has received from the first three RC drill holes on the Cughur discovery at its KM copper porphyry project. The KM Copper gold project is located in the […]
Northwest doubles gold and antimony resource
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Northwest Resources has increased its JORC reported Mineral Resource estimate at the Golden Spec deposit, part of its Nullagine gold and antimony project located in the Pilbara region of Western Australia by 113 per cent to 75,000 ounces of gold and 2,300 tonnes of antimony. In its announcement to the Australian Securities […]
White Rock woos Lady Hampden
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: White Rock Minerals has received assays from recent drilling at the Lady Hampden silver prospect on the company’s 100%‐owned Mt Carrington project in northern New South Wales. Mt Carrington contains an overall shallow Inferred Resource of 190,000 ounces of gold and ten million ounces of silver. Lady Hampden is located on the […]
ABM scores hearty gold intersections at Old Pirate
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: RC drilling carried out by Perth-based Northern Territory-focused gold explorer ABM Resources at the northern extensions on its Old Pirate gold prospect has intersected widespread quartz veins. According to the company the intersections include one sample with very high-grade visible gold. The Old Pirate gold prospect is located on ABM’s Twin Bonanza […]
Ramelius predicts $90M profit for 2011 FY
/in Uncategorized /by Wally GrahamOUT AND ABOUT: Diggers & Dealers marquee players Ramelius Resources has told the Australian Securities Exchange that its profit for the full financial year ending 30 June 2011 is expected to be much higher than what achieved in the previous financial period. Ramelius said it expects its un-audited consolidated total profit before Income Tax for […]
Focus zooms in on Crescent
/in Uncategorized /by Wally GrahamOUT AND ABOUT: The buzz coming from the Diggers & Dealers conference booth of Goldfields gold producer Focus Minerals is that it has received enough acceptances for its takeover bid for Crescent Gold to claim a majority of the issued shares of the target company. Focus’ relevant interest in Crescent has increased to 51.32%, which […]
Twiggy delivers real keynote address
/in Uncategorized /by Wally GrahamOUT AND ABOUT: Delegates who have lasted all three days of the Diggers & Dealers conference in Kalgoorlie were treated to a lesson on the proposed Minerals Resource Rent Tax. The lesson was given by Fortescue Metals Group, soon to be, chairman Andrew Forrest. “If I’m leaving you with any impression that we have a […]