Geology 2015-05-21Drill hole GRRC005, designed to test an EM conductor adjacent to Area 57, intersected a thick sequence of ultramafic lithologies,and pXRF analyses (for field guidance only) indicated moderately anomalous nickel plus copper values at the depth of the anticipated conductor between 183 to 185 metres downhole. The anomalous values are located close to an ultramafic rock and sedimentary rock contact, up plunge of the Area 57 mineralisation.
General 2015-05-10The mine has been suspended indefinitely in December 2008 due to poor nickel prices. All underground infrastructure and mining equipment has been sold to pay out hire purchase contract and other creditors. Blair mine also provides the Company with an exploration opportunity particularly in proximity to the area 57 orebody where the ore body faulted and pinched out.
ASX: Blair Nickel Mine Drilling Update 2015-05-17
Northern Star looks at Pioneer project 2016-10-21Gold miner Northern Star has struck a deal with fellow-listed Pioneer Resources to fast track exploration at the Acra gold project, in Western Australia. Under the agreement, Northern Star would pay Pioneer A$500 000 to acquire an initial 20% interest in the Acra project, and will hold the right to acquire an additional 55% interest in the project by sole funding A$3-million of exploration expenditure over a three-year period.
ASX: PIO: NST Enters Joint Venture for Acra Gold Project 2016-10-20
ASX: Pioneer Dome Drilling Intersects Significant Lithium 2016-10-16
ASX: Mavis and Raleigh Lithium Project Drilling Update 2016-10-11
ASX: Exploration Update Pioneer Dome Lithium Project 2016-10-03
Nearby Location News
MacPhersons starts trial mining at Boorara 2016-09-07Trial mining at the Boorara gold mine, in Western Australia, has started, with owner MacPhersons Resources announcing plans to develop a 20 m openpit Some 30 000 t of ore would be hauled to a nearby mill, and processing was expected to take between 10 and 12 days.
MacPhersons Resources Ltd kick-starts trial mining at Boorara Gold Project 2016-09-07
MacPhersons Resources Ltd (ASX:MRP) has commenced trial open pit operations at the Boorara Gold Project in the Eastern Goldfields of Western Australia, as part of a feasibility study.
The aim of the Boorara trial mining operation is to enable accurate resource, mining and milling reconciliations to be undertaken on the deposit.
The Boorara open pit contains total resources of 3 -3.5 million tonnes grading 1.01 g/t gold, estimated to produce 86,000-91,000 ounces of gold over three years from a standalone heap leach.
MacPhersons is currently planning to mine 30,000 tonnes by developing a trial pit to a depth of 20 metres and about 100 metres long at the Southern Stockwork deposit.
The pit is expected to be completed by the end of September.
The ore will be hauled 60 kilometres to the FMR Pty Ltd mill at Coolgardie. The processing of the ore will take about 10-12 days.
MacPhersons is anticipating to produce 1700-1800 ounces of gold from the initial shipment of ore.
Sale of Coolgardie gold assets for $10 million
MacPhersons was in the news last week, when it announced an agreement for the sale of its Coolgardie gold assets to Primary Gold Ltd (ASX:PGO) for $10 million.
The transaction will include $5 million in cash, to be paid over a 12-month period and $5 million comprised of 40 million Primary shares at an issue price of $0.125 per share.
The sale is part of MacPhersons’ plan to focus on its core assets at the Boorara gold and Nimbus silver projects.
The new funds will come in handy as the company is commencing a reverse circulation drill program shortly to test for mineralised extensions below Boorara.
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Cannon performs better than expected 2016-09-06The Cannon gold project, in Western Australia, is delivering above expectations, with the project’s net profit guidance increasing from A$14.9-million to A$17.2-million on the back of higher-than-budgeted metallurgical recovery rates and a revised ore block model. ASX-listed Southern Gold, which holds a 50% interest in the project, reported on Tuesday that the revised base case at Cannon had resulted in an improved overall gold recovered estimate, lower operational costs on a per-ounce basis, and higher net cash generation.
ASX: Cannon Drilling Results 2016-07-21
ASX: SAU: Excellent Recovery From 3rd Processing Campaign 2016-07-04