Tag: gold price

MinRex Resources actively exploring close to $1.1b Silver Lake Resources

MinRex Resources actively exploring close to $1.1b Silver Lake Resources

GOLD explorer MinRex Resources (ASX: MRR), which holds ground just a few kilometres to the north-east of the $1.2 billion capped Silver Lake Resources Ltd’s (ASX: SLR) gold and copper Deflector Mine, is set to release new exploration results at its Deflector Extended Gold Project at Gullewa in Western Australia. MinRex currently holds five projects, four of which are located in the East Pilbara region. The East Pilbara 70%-owned projects consist of Bamboo Creek Gold Project, Marble Bar North Gold Project, Marble Bar South Gold Project and the Daltons Gold Project. The Deflector Extended Gold project is 100% owned by the ASX micro-cap and lies to the north-east of Silver Lake Resources’ Deflector Mine and also the gold producing Golden…

Commodity focus: Gold

Commodity focus: Gold

Image: Gold Industry Group BY ELIZABETH FABRI WHILE the price had not yet returned to 2016 highs of $US1357 per ounce, on 11 August the price recorded a two month high of $US1289 – about $A1620 — leaving many miners optimistic for the year ahead. At last month’s Diggers and Dealers conference, more than 2100 miners, investors and service companies touched down at one of Australia’s oldest gold towns, Kalgoorlie, WA, to celebrate the industry across three days of informative sessions, networking events (and late night soirees). While many commodities were covered across the forum, it was gold that dominated discussion with many conversations had on and off-site on the commodity’s ‘comeback’ amid a weaker US dollar, and war of…