News - Market Insights

Saracen is an Australian based gold producer that, following the acquisition of 50% of The Super Pit, owns three gold producing centres all within a 300km radius of Kalgoorlie in the mining friendly jurisdiction of Western Australia

Saracen is an Australian based gold producer that, following the acquisition of 50% of The Super Pit, owns three gold producing centres all within a 300km radius of Kalgoorlie in the mining friendly jurisdiction of Western Australia (reports NovaPort Capital’s Mitch Ryan on Livewire).

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Exceptionally high-grade grades have been heralded by Stavely Minerals

Exceptionally high-grade grades have been heralded by Stavely Minerals, with the company claiming the latest assays from Victoria’s Thursday’s Gossan prospect continue to support an exciting shallow resource in the Cayley Lode (reports MiningNews). The latest diamond hole, 20m north-west of September's discovery hole, returned 1m at 26.9% copper, 8.48 grams per tonne gold and 201 grams per tonne silver within, 8m at 5.12% copper, 1.48gpt gold and 34.3gpt silver from 121m.

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The exploration spotlight swings back on to Stavely Minerals (ASX:SVY) in coming days with the expected release of latest drill results from its Thursday’s Gossan copper-gold discovery in the Stavely volcanic belt in western Victoria (reports Barry FitzGerald on Stockhead).

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Bellevue Gold has reported a maiden resource for the Deacon Lode, which has taken the total resource for its namesake project to 2.2 million ounces of gold (reports MiningNews). Deacon has a maiden resource of 410,000 ounces at 12.3 grams per tonne gold. The resource beat Canaccord Genuity analyst Tim McCormack's estimate of 250,000-350,000oz at 8-10gpt. The resource only covers 900m of the identified 2000m strike length. Mineralisation remains open in all directions with high-grade hits of up to 23gpt gold already received from outside the resource.

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When the new boss of BHP identified nickel in WA as a key focus for the world’s biggest miner this week, it was music to the ears of a handful of mid-tier and smaller players involved in the space (reports The West Australian).

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De Grey Mining  has reported further good news from the exciting new Hemi gold prospect in Western Australia’s Pilbara region, with first RC drilling giving strong geological encouragement and a diamond core rig set to arrive on site later this week (reports MiningNews). The RC drilling that intersected "large sulphide zones on Section B have the potential to significantly increase Hemi's scale", De Grey said.

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A revitalised junior gold exploration sector is enjoying positive investor sentiment and, more importantly, true exploration success (reports Stockhead). This morning’s big announcements come from Bardoc Gold, Oklo Resources, Los Cerros and Arrow Minerals. Bardoc Gold (ASX:BDC) has already bagged up a significant 3.02-million-ounce (moz) gold resource at its namesake project near Kalgoorlie in WA.

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Strandline Resources has attracted A$2 million from an undisclosed new institutional investor keen on its mineral sands prospects and is set to raise another $4.5 million via a fully underwritten rights issue (reports MiningNews). The new shares are to be priced at 12c each, with Strandline's stock little changed over the past two years. Strandline last issued more equity last May when $5.5 million was raised by issuing new shares at 12c each.

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