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Company News
Gibb River Diamonds Generates Strong Gold Returns from Drilling at Edjudina’s Neta Prospect
Phase 1 grade-control drilling by Gibb River Diamonds (ASX: GIB) at the Neta prospect within its Edjudina gold project in Western Australia have confirmed strong grades and a persistent and coherent nature of the surface mineralisation. The reverse circulation campaign of 65 holes for a total 2,180 metres – which Gibb River carried out ahead […]
Gibb River acquires strategic uranium prospects in Namibia’s Erongo district
Gibb River Diamonds (ASX: GIB) has joined a growing number of Australian miners targeting uranium riches in the African nation of Namibia. Identified by the World Nuclear Association as having the capacity to provide 10% of the world’s uranium mining output, Namibia has become the target of a land rush on the back of a […]
Gibb River Diamonds granted mining leases for restart of Ellendale project
Gibb River Diamonds (ASX: GIB) has been granted three mining leases it sees as key to restarting the mothballed Ellendale project in Western Australia’s Kimberley region. The leases cover the main portion of the historic workings at the E4 and E9 pipes, together with the extensively bulk-sampled E12 alluvials and their access. The company stated […]
Gibb River’s maiden drilling program at Edjudina confirms gold discovery
A maiden drilling program at the historic Edjudina gold mining ground in Western Australia has produced a “major” discovery for Gibb River Diamonds (ASX: GIB). Gibb River’s shares spiked more than 400% after the release hit the ASX this morning. One hole returned 36m at 3.97 grams per tonne gold. Other intersections included 18m at […]
Investors continue to pump money into mining shares as hard assets shine
Interest rates near zero or negative, uncertainty about whether we are heading for inflation or deflation, the growing global debt mountain, central banks prolifically printing money — all of these swirling scenarios may be creating an increasing appetite for metals as a hard asset. While the big funds can actually trade in metals derivatives, others […]
Gibb River Diamonds secures prospective Ellendale tenements
Gibb River Diamonds (ASX: GIB) has revealed it has already pegged two exploration licences and will apply for more over the Ellendale diamond mine and project area in Western Australia’s west Kimberley. The decision to acquire the licences comes after WA’s Minister for Mines Bill Johnston invited the company to apply under the government’s expression […]