Positive updates from local stocks have pulled the All Ords up 0.5% to 5,457.1 points. The Shanghai Stock Exchange Composite Index is up 0.9% to 2,394.49 points while in pre-open markets the Dow Mini is 11 points to 16,935.
Drilling has defined two new high grade zones that together with the Mutola zone host all the very high grade mineralisation at Nicanda Hill. This positions Triton Minerals to undertake selective and targeted mining operations going forward.
Drilling has intersected encouraging gas shows in the Toolachee and Nappamerri Formations at Real Energy Corporation’s Queenscliff-1 in Queensland. Results of electric logs to be undertaken after reaching total depth will be highly anticipated.
South Boulder has recently been delivering a string of milestones from the Colluli Potash Project in Eritrea, including commercial grade potassium sulphate and PFS flotation testwork which demonstrated potassium yields in excess of 80%. The company remains well-funded with $10M cash.
Investors have rallied behind Blackham Resources with the company receiving equity commitments for $3.15 million of the $3.8 million it is raising. Funds will be used for exploration and development studies at its Matilda Gold Project in Western Australia.
With a scoping study pointing the way to bauxite earnings and riches from production at South Johnstone, the New Force In Queensland Bauxite has arrived.
A four part plan is being initiated by Hazelwood Resources to improve efficiencies at the ATC Ferrotungsten plant in Vietnam as well as look at growth opportunities and accelerating studies on its Australian tungsten projects which could see it become a vertically integrated producer.
Recent drilling has returned bonanza gold grades at the Nicolsons Gold Mine, which Pacific Niugini is farming in to. The mine has an existing 120,000tpa processing plant. Find out more about this company-maker when MD Paul Cmrlec presents at the Melbourne and Sydney Investor Luncheons. REGISTER TODAY.
Initial reconnaissance and auger drilling will focus on known areas of mineralisation at Gunson's recently acquired minerals sands tenements in Tanzania. This will extend existing mineralisation and test high priority zones that have never been drill tested.
Drilling at MacPhersons Resources’ Nimbus silver-zinc-gold project has established strong continuity of gold mineralisation between planned open pits. This paves the way for an increase in Resources and Reserves. The target mine life of between 7 and 10 years looks to be increasingly within reach.
Metallurgical drilling at Tarcoola gold project in South Australia will enable WPG Resources to conduct research and development on heap leaching methodologies. This is part of its fast track development that could lead to production starting by the end of 2015.
Rock chip sampling at the Kroussou Project in Gabon has confirmed the presence of high grade base metal mineralisation outcropping at surface. Laboratory results are expected in December with likely shallow base metal drill targets for the 2015 exploration program.