Promising mining prospects in the Barkly
Resource companies are seeing some very promising results in Tennant Creek and the broader Barkly region, supported by new geoscience data and exploration grants from the Territory Government ... Emmerson Resources Limited has been searching for gold at its exploration sites near Tennant Creek and their recent gold intercept results are very encouraging.
Shenhua hoping for $120m windfall from Liverpool Plains aggregations
Shenhua Watermark Coal has moved to sell off its Liverpool Plains landholdings with expectations of $120 million after the New South Wales government paid the company to give up its mining licence. They comprise three aggregations, Breeza, Tambar Springs and Barraba, covering a combined 16,570 hectares in the north west’s Gunnedah region.
Mining Minister inspects promising Rover project
Mining Minister Nicole Manison was in town to check out the progress of the highly anticipated Castile Resources’ Rover 1 project, 80km south-west of Tennant Creek. ... The Rover 1 project is targeting high grade gold and copper zones associated with massive magnetite ironstone (IOCG), similar to the mines around Tennant Creek.
Mining exploration kicks off in earnest
Geoff Helisma. Corazon Mining announced on the Australian Stock Exchange on June 17 that it has “commenced drilling at the Mt Gilmore Copper Cobalt Gold Project”, which is 25km northwest of Grafton. “Drilling will target the priority 8km-long Gordonbrook Hill – May Queen copper-cobalt/silver-gold anomaly, within the greater 20km long Mt Gilmore Trend,” the announcement states.
