ALL THE NEWS
Global Geoscience to commence drilling in Nevada
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Sydney-based diversified mining company Global Geoscience is set to commence drilling at its Excelsior gold project in Nevada. The company indicated it is planning to carry out about 2000 metres of Reverse Circulation drilling to follow-up a number of previous drill intersections. The drilling will also test several new targets Global has […]
Carnegie Welcomes Carbon Price
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Demonstrating that one man’s tax is another’s bonus is wave energy developer Carnegie Wave Energy. Australia’s most advanced wave energy company greeted Prime Minister Julia Gillard’s new carbon tax price with optimism while adding the new renewable energy funding would provide greater investor certainty. Wave Energy’s declaration has come as a response […]
Pacific Energy signs 3MW power contract
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Kalgoorlie Power Systems, a wholly owned subsidiary of Perth-based power generation company Pacific Energy has signed a new electricity supply contract with Avoca Mining, a subsidiary of Alacer Gold Corp. The contract is for KPS to build, own and maintain the three mega-watt Chalice gold mine power station. The new electricity supply […]
Highlands Pacific completes Resource definition drilling
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Port Moresby-based junior gold company Highlands Pacific has reported the results of completed in‐fill drilling on its Frieda copper gold project in Papua New Guinea. The drilling was carried out by Highlands Pacific’s Joint Venture partner Xstrata Copper. The company is now awaiting an updated resource estimate that is due in August […]
Carbon Tax digestion process begins
/in Uncategorized /by Wally GrahamAs the country settles down with a cup of tea and an Iced VoVo to peruse through the Federal Labor Government’s new Carbon Tax it is interesting to take a look at some of the market reactions so far. The Association of Mining and Exploration Companies came to the crease in an aggressive frame of […]
Royal Resources doubles Razorback
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: South Australia-focused iron ore company Royal Resources has posted a 94 per cent increase in the Phase II JORC compliant Inferred Resource at the Razorback Ridge area. The Resource now stands at 537.2 million tonnes at 25.5% iron. “Almost doubling the resource announced last year is an outstanding achievement and clearly demonstrates […]
Bannerman receives buy-out offer
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Perth-based Bannerman Resources has received a highly conditional proposal from Hanlong Mining Investment. Hanlong is a subsidiary of Chinese conglomerate Sichuan Hanlong Group. The received proposal from Hanlong is for the acquisition of 100% of Bannerman for 61.2 cents cash per Bannerman share by way of a scheme of arrangement. Bannerman said […]
Alloy confirms gold targets at Horse Well
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: ASX-listed gold junior Alloy Resources has received gold assay results from a recently completed drilling program holes at its Horse Well gold project in the Yandal Greenstone Belt of Western Australia. The program of just over 100 vertical air core drill holes returned a set of assays that highlighted a new gold […]
Carpentaria to spend up big on exploration
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Emerging resources house Carpentaria Exploration has announced it will be spending over $3.5 million on greenfields exploration in the 2011/12 financial year. The impressive figure will allow the company to it continue its aggressive exploration programs across eastern Australia. Excluding pre-development expenditure at the company’s flagship Hawsons iron project the budget includes […]
Deep Yellow increases resource estimate
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: ASX and NSX-listed uranium explorer Deep Yellow has completed a successful exploration program on its Queensland tenements that has outlined a new, increased Indicated and Inferred JORC Code Mineral Resource estimate. The new estimate for the region has come in at 4.7 million tonnes at 460 parts per million for 4.8 million […]