Livewire Exploration Watch
St George Mining is delivering on its promise of strong results as it reports on its drill program at the Mt Alexander prospect southwest of the Agnew-Wiluna nickel mining centre in Western Australia. The company has reported a succession of shallow nickel and copper sulphide intersections within electromagnetic geophysical anomalies at a property held by BHP Billiton before budget cuts forced its disposal. Still untested geophysical anomalies trend to the west. Cleveland Mining reported results between two historic pits at its Lavra prospect in Brazil possibly indicating the presence of flat mineralised structures which cannot be substantiated without orientated diamond drilling. The available information does not offer enough for an investment decision. Cassini Resources has received heritage clearance to undertake a 16 hole RC drill program to test an extensive zinc and lead in soil anomaly located near an anomalous gossan outcrop at its Arunta Block prospect. The company is searching for large scale sediment-hosted base metal mineralisation. The extent of weathering in this region may require a deeper drilling program to intersect fresh material.
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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