In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Wildcat Resources' Tabba Tabba run of 67m at 1.9 per cent lithium oxide. We also look at other interesting intercepts as reported by Rumble Resources from its Western Queen project in WA and Strickland Metals at its Rogozna project in Serbia.
Our board moves wrap includes Lindiwe Mthimunye, Val Coetzee, Jonathan Velloza, John Welborn, Craig Mitchell, Andrew Tyrrell, Fiona Wood, Qi Xiao Zhou, Stewart Washer, Peter Harold, and Peter Venn.
Maiden drilling on two prospects at St George's Ajana project in Western Australia has turned up trumps, with significant widespread and shallow zinc-lead-silver mineralisation seen in an untested play concept for the area. The company is now planning more drilling through a vast crop of highly-prospective targets with a similar fingerprint of gravity and/or magnetic anomalies.
Strickland Metals is pressing ahead with plans to spinoff its base metals assets into a new company to seek better value for the projects whilst focusing on its prospective gold package in central WA. The company has also gained heritage clearance to drill at its Iroquois project, which along with its Bryah Basin assets will be the centerpiece of the new operation.
Strickland Metals is looking to demerge its non-core assets and deliver a standalone ASX base metals explorer as the company works to stack on gold ounces at its flagship project on WA's well-endowed Yandal greenstone belt north-east of Wiluna. The proposed spin-out will see the company's Iroquois zinc-lead and Bryah Basin assets packaged into a new wholly owned subsidiary that will seek to list on the ASX in the first quarter of 2023.
Coincident copper, lead and zinc soil anomalies have defined a new set of targets for mineral explorer Strickland Metals at the company's Iroquois zinc-lead project in WA's Earaheedy Basin 100km north-west of Wiluna. The new targets lie west of the company's 2021 Iroquois discovery and Malecite prospect and come from a large soil geochemical program of 2510 samples.
As extensional drilling at Strickland Metals' cornerstone Millrose deposit continues to deliver shallow high-grade gold the company is gearing up for further work at its gold and base metal projects 70km east of Wiluna in WA's Mid West region. The latest oxide gold drill results coming out of Millrose include 28m at 3.7 grams per tonne gold from 54m containing a high-grade hit of 6m at 12.1 g/t.
Our board moves wrap includes Paul Harvey, Paul Hardie, Michael Fry, Adam Taylor, Ross Brown, Dennison Hambling, Robert Hilton, Roy Kelly, Raj Tailor, Luke Creagh, and Geoff Jones.
After poring over its geological data, Tambourah Metals has lit up a handful of nickel, zinc and gold targets at its Achilles project, 200km north of Laverton in WA. The explorer plans to start drilling during the second or third quarter of 2022. Reprocessing of geophysical figures has identified a deep-seated structure whilst a data review has revealed historical gold and zinc hits.
Our board moves wrap includes Clive Donner, Chris Singleton, Richard Yeates, Bradley Marwood, Bruce Stewart, Peter Venn, Ben Jones, Luke Timmermans, John Kay, David McArthur, and Andrew Childs.
Shares in explorers Rumble Resources and Zenith Minerals have risen sharply after the joint venture announced a major discovery at the Earaheedy zinc-lead project in WA.
EHR Resources has launched a $12 million capital raising to fund diamond exploration overseas, while Rumble Resources is raising $6 million to fund its next gold drilling program in Western Australia.
AIC Resources has struck a deal to spend up to $10 million in cash for a majority stake in Rumble Resources' Lamil gold-copper project in the Paterson Province.
Great Southern Mining has received commitments from sophisticated investors for the placement of 34 million shares at an issue price of $0.0375 a share to raise approximately $1.275 million.
West Perth-based oil and gas explorer Orca Energy has announced former mining magnate Nathan Tinkler will be its new executive chairman after participating in the company's $20 million capital raising.
Perth-based Rumble Resources has signed an earn-in agreement with Blackham Resources for the acquisition of up to 75 per cent of the Zanthus project inside the Albany Fraser Tectonic Zone in the State's south west.
Shane Sikora has been appointed as chief executive officer of Rumble Resources, following the resignation of Andrew McBain, who remains as a non-executive director.
There has been a flurry of new Western Australian stockmarket entrants to close last financial year and to begin the new, with seven resources-focused firms from WA listing on the Australian Securities Exchange in June and July.
