DiscovEx Resources says it is cashed up to bolster exploration activities at its Sylvania and Edjudina projects in Western Australia after banking more than $250,000 from recent tenement and shares sales. The company says a geophysical survey will follow up on previous soil-sampling gold and lead hits at Sylvania in multiple areas of both disseminated and semi-massive sulphides along the Prairie Downs Faults Zone.
DiscovEx Resources has continued to build the prospectivity of its Sylvania project near the Western Australian town of Newman after its maiden soil-sampling program returned anomalies of up to 78ppb gold and 1315ppm lead, close to the mineralised Prairie Downs fault zone. The company says it is the first time the zone has been investigated for gold.
West Perth-based gold explorer DiscovEx Resources says assay results from its air-core drilling at the company's Spartan prospect at its Edjudina project in WA's Eastern Goldfields have confirmed bedrock gold mineralisation, generating three high-priority drill targets. The company believes it has also discovered significant gold within transported overburden and now plans to determine the connection between the bedrock and transported gold.
DiscovEx Resources has closed the book on busy December quarter headlined by an intersection of bedrock and paleochannel gold at its Spartan prospect, part of its larger Edjudina project about 250km north-east of Kalgoorlie in WA. The project sits in the southern slice of the Laverton district and is close to several major gold deposits including AngloGold Ashanti's 10 million ounce plus Sunrise Dam mine.
IGO has struck another farm-in deal in the Fraser Range, agreeing to fund exploration at Matsa Resources' Symons Hill nickel project, with the potential to secure a 70 per cent stake over the next three years.
Our weekly appointments wrap includes Glen Kelly, Matthew Benson-Lidholm, Kim Brooklyn, Erica Haddon, Mellisa Teede, Tim Wither, Don Harper, Evan Kirby, Polly Gee, Richard Van Ruth and Anna Donald,
Matsa Resources is seeking to raise up to $6 million via a share placement, with a portion of the funds to go towards further development at its Red October gold project.
Aspire Mining is pleased to announce that pre-commitments for the minimum $1.7 million dollar raising condition of the $15m Strategic Funding package have been received.
Northern Star Resources has reported above-guidance gold production for the year to June, with plans to expand output beyond 600,000 ounces in 2019, while Blackham Resources posted improved results for the half year to June.
Innovative shareholder registry management company, Advanced Share Registry is pleased to announce it has signed a binding agreement with Private Company Platform Pty Ltd to acquire a 51% sharehold
Northbridge-based Matsa Resources has signed an agreement to acquire Saracen Mineral Holdings' Red October gold mine near Laverton for about $2 million in cash and shares.
Northbridge-based Matsa Resources has locked in a $4 million loan facility agreement to fund ongoing exploration work at its Lake Carey gold project near Laverton.
Perth-based Bulletin Resources has sold its remaining 20 per cent stake in the Halls Creek gold project to Pantoro in an all-scrip deal worth $13.7 million.
Panoramic Resources has responded to the slump in nickel prices by halting production in the Deacon orebody at its Lanfranchi project, resulting in half the project staff being laid off over the weekend.
Queensland-based explorer Pacific Niugini has made a $6.8 million bid to purchase an 80 per cent stake in Bulletin Resources' Halls Creek gold projects, dwarfing an original offer from Bulletin's major shareholder Matsa Resources.
Bulletin Resources has enlisted its major shareholder Matsa Resources to acquire up to a 75 per cent interest for its Halls Creek gold projects in a $4.4 million binding term sheet.
Gold hopeful Matsa Resources has inked a deal with Panoramic Resources that it says puts it on track to transition from explorer to producer in the near-term.
Exploration and feasibility work will commence at Matsa Resources' Dundas iron ore project with significant investment from Chinese manufacturer Shandong Shanshi International Trading through its s
Matsa Resources has announced it has reached agreement with US-based institutional investment fund SpringTree Special Opportunities Fund for an $8.6 million, 18 month finance facility.
Matsa Resources says negotiations are well advanced on binding agreements with two China-based firms that would enable it to commence development of its Norseman gold project.
Shares in Kalgoorlie-based Matsa Resources have closed 24 per cent higher after it struck an investment and project partnership deal with a Chinese entity.
