Tag: ASX juniors

BY REUBEN ADAMS Koppar Resources (KRX) NORWAY-focussed junior explorer Koppar Resources (KRX) has performed strongly since its IPO in late May, when it raised $4.5 million at $0.20 per share. KRX has a conditional right to acquire a number of high value copper-zinc projects in the Trøndelag region of Norway – Løkken, Tverrfjellet, Grimsdal, Illingdal, and Storwartz – through the acquisition of company Koppar Resources Europe. The KRX ground includes a number of historical mines, some going back to the 1600s, with a combined recorded historical production of 85 million tonnes grading between 1 per cent and 2 per cent copper. The company is compiling historical data to generate targets for a drilling campaign in Q3 2018.   Bounty Mining…

BY ELIZABETH FABRI ASX-listed Australian Mines has identified large-scale cobalt-in-soil anomalies at its Thackaringa project near Broken Hill, NSW. Recent surface geochemical sampling at Target Area A uncovered three zones of elevated levels of cobalt that are reportedly similar to the Pyrite Hill and Big Hill prospects at Cobalt Blue’s identically named Thackaringa project. Australian Mines said with the anomalous zones partially buried by a shallow alluvial cover, surface expressions of cobalt mineralisation greater than 15ppm (grams per tonne) were considered significant. “This technique, for example, has been successfully used by Alloy Resources on its Ophara CobaltGold project directly to the west of the Australian Mines’ Thackaringa Project, as well as being the documented geochemical signature of the Pyrite Hill…