Goldminer Capricorn Metals aims to boost its holdings near the Mt Gibson gold project by buying Warriedar Resources, in an all-scrip deal which values the explorer at $188 million.
West Perth junior Warriedar Resources has announced plans to raise up to $19 million, in order to accelerate development at its Golden Range project in Western Australia's Mid West.
In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Warriedar Resources' 19m at 4.94g/t gold from 188m at its Ricciardo Mine in Western Australia's Murchison region. We also take a close look at other interesting drill hits from last week as reported by AIC Mines, Mt Malcolm Mines and KGL Resources.
In this week's edition of Bulls N' Bears Big Hits, we unravel some of the most curious drill intersections revealed on the ASX, including Warriedar Resources' stunning gold hit of 4m at 14.49g/t. We also take a close look at other notable drill hits in the past week from Ora Gold, Australian Gold and Copper, Dateline Resources and Patriot Battery Metals.
Warriedar Resources will raise $6 million in order to increase resource growth at its Golden Range gold project, located in Western Australia's Murchison region.
Metallurgical testwork on samples from Surefire Resources' Yidby gold project in Western Australia's Murchison region alludes to almost 70 per cent more gold than previously reported by the company. And it is a timely finding for Surefire as the gold price continues to glitter, trading last week at a stunning all-time Australian high of $3308 per ounce.
Critical minerals company Terrain Minerals has unveiled high-grade gold hits of up to 6.22g/t from drilling at its 100 per cent-owned Smokebush project at Yalgoo, some 350km north of Perth in Western Australia. The high-grade assays were returned from recent reverse-circulation drilling at the company's new Lightning target – a highly-prospective area that runs parallel with its existing Monza prospect.
WA-based minerals explorer Terrain Minerals has uncovered a 600m-long induced polarisation anomaly at its Smokebush gold-lithium project in WA's Mid West. The company had already planned to start an RC campaign to search for gold and lithium at the project next month, but reviews of historic drilling has presented new targets – including the newly-discovered anomaly.
Our board moves wrap includes Jeffrey Broun, Amanda Buckingham, Robin Longley, Robert Cooper, Patrick Walta, Paul Burton, John Elkington, Elizabeth Henson, Neil Biddle, Martin Zhou, Jacky Chen, Loren King, Shannon Coates, and James Doyle.
Our board moves wrap includes MingYan Wang, Amanda Buckingham, Vivienne Powe, Simon Coxhell, Geoff Ward, Glenn Corrie, Steven Chadwick, Shane Sadleir, and Ralph Winter.
Our board moves wrap includes Steven Jackson, John Hannaford, Michael Soucik, Peter Sullivan, Nick Cernotta, Simon Ingleson, Gianmarco Orgnoni, and Stuart Usher.
Our board moves wrap includes Eddie Rigg, Malcolm James, Henry Shiner, Stephen Hewitt-Dutton, Ian Murray, Adam Kiley, Paul Horsfall, and Matthew Bungey.
Gold explorer Anova Metals will appoint a new managing director upon completion of a proposed $3.9 million capital raising, while also entering into a loan agreement with a Hong Kong-based investment group for $2.5 million.
Local gold explorers Anova Metals and Exterra Resources have entered into a merger agreement, with Anova to wholly acquire Exterra in an all-scrip deal worth $21.3 million.
Subiaco-based explorer Anova Metals says it has received commitments for a $1.69 million capital raising to fund drilling and permitting programs at its Big Springs project in Nevada.
West Perth-based juniors Anova Metals and Mining Group have each announced plans to raise $2 million through share placements to advance their respective projects.
Managing director Tim Dobson has been made redundant in a company restructure that has redirected all activities to Anova Metals' Perth office and closed its Brisbane office.
Navigator Resources has announced a maiden net profit of $3.04 million for financial year 2010-11, driven by the first full year of production from its Bronzewing gold mine and trial mining at Leon
Perth-based gold miner Navigator Resources has moved closer to cashing in on rampant investor appetite for rare earths exposure, finalising plans to spin-off its rich Cummins Range project in the Kimberley early next year.
