Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX: SPI
News: Latest news
Web Site: Spitfire Resources
Other Articles: 29-06-200923-05-2008

RSS - Subscribe to the News Today on Proactive UK ▼

Tuesday March 16, 11:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive NA ▼

Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
Spitfire Resources

Spitfire Resources

Spitfire's key asset is the South Woodie Woodie Manganese project. This project covers approximately 500 square kilometres of tenements in the East Pilbara region of Western Australia. South Woodie Woodie is located 50 kilometers south of the historic Woodie Woodie Manganese mining centre and has not been subject to modern exploration techniques until recently.

Spitfire is focused on taking advantage of the booming commodity market via the exploration and rapid development of its prospects within the East Pilbara region.

It is also the intention of Spitfire to actively investigate and acquire additional well-located prospective mining tenements both in Australia and offshore as its presence as an emerging company in the resources sector grows

Friday, October 16, 2009

Spitfire Resources sees shares spike after drilling recommences at South Woodie Woodie

company news image

Emerging minerals company Spitfire Resources (ASX: SPI) has commenced a program of follow-up drilling at the Tally-Ho deposit in the Pilbara, leading to a 25 per cent increase in the share price.

Following news of the drilling at the Perth-based company’s 80 per cent-owned flagship South Woodie Woodie manganese Project in the Pilbara region, shares at 12.38pm were up 3c, or 25 per cent, to 15c.

The Perth-based company’s new program, comprising Diamond and Reverse Circulation drilling, will focus on testing extensions to the north-east of the initial resource announced last month.

The manganese project is located approximately 50km down-strike to the south from the 1Mtpa Woodie Woodie manganese mine.

Spitfire’s initial exploration success at South Woodie Woodie has been within the Southern Target Area, where it has defined a near-surface manganese deposit at the Tally-Ho Prospect, in an area which has had little historical exploration.

The mineralised horizon at Tally-Ho extends over an interpreted strike length of about 900m and the new round of drilling will assess the potential to further increase the JORC resource tonnage.

In addition, the diamond drilling will allow the company to accurately determine seam width and grade, as well as provide quality metallurgical samples.

Given the geometry and distribution of the seams at Tally-Ho, this work is considered to be central to determining the future economic potential of the deposit.

The drilling program is expected to take around two weeks to complete.

Spitfire is also completing a detailed interpretation of the results of the recently completed airborne EM survey over the broader Target Area which includes the Tally-Ho Deposit. Numerous areas of interest have already been identified from this work.

The company will announce details of the exploration initiative, as well as proposed exploration and drilling targets for the 2010 field season one the work has been completed.

 

AddThis Feed Button
Register here to be notified of Proactiveinvestors One2One Forums.

Other Spitfire Resources news

More news ►

Investors interested in Spitfire Resources recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.