Entries by Wally Graham

Centaurus on track for Jambreiro upgrade

THE DRILL SERGEANT: Brazil-focused iron ore play Centaurus Metals has received final results from recently completed drilling at its Jambreiro iron ore project. The company said the results support previous results, which demonstrated quality and consistency of mineralisation at the project. Resource estimation work is currently underway with on upgrading the project’s current JORC Resource […]

Mutiny hits high grades at Deflector

THE DRILL SERGEANT: Gold-copper company, Mutiny Gold has hit some impressive gold intersections while drilling at the West Lode of its Deflector gold deposit. The deflector deposit is part of the company’s Gullewa project located in the South Murchison region of Western Australia. The latest results are from a recently completed diamond drilling program carried […]

Saracen to raise $65.2 million

THE BOURSE WHISPERER: Gold producer Saracen Mineral Holdings has completed a placement of 73.8 million new fully paid ordinary shares at a price of 68 cents per share to raise $50.2 million. The company is also launching an underwritten Share Purchase Plan to raise a further $15 million. The maximum amount the company intends raising […]

Elvis has left the building Sept 15

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. The Whisperer pokes his head down the corridors of power to take a quick look at some of the chairs to have recently been vacated and to find out which ones have been filled: Appointment of CEO and […]

Rox results revisit uncovers gold discovery

THE DRILL SERGEANT: Rox Resources has revisited results from a recent drilling program at its Mt Fisher gold project, located approximately 250 kilometres north of Leonora in the Goldfields region of Western Australia. Rox conducted a 3,000 metre program of Reverse Circulation (RC) drilling at Mt Fisher during July. The results from this program were […]

Red Mountain intersects gold at Zhongqu

THE DRILL SERGEANT: China‐focused gold company Red Mountain Mining has intersected gold mineralisation during an initial underground drilling program at the company’s Zhongqu project in Gansu Province, China. The Stage 1 drilling program intersected gold mineralisation with the best results including: –    31 metres at 4.61 grams per tonne gold, including 4 metres at 9.51 […]

Argentina identifies Cerro Blanco target

THE DRILL SERGEANT: South America-focused gold and copper play Argentina Mining has identified a geophysical anomaly at its Cerro Blanco porphyry copper project in San Juan Province, Argentina. Argentina Mining described the anomaly as a high chargeability zone (HCZ) identified by an Induced Polarisation and Resistivity (IP) survey, which the company considers to have the […]

Burns drilling encourages Octagonal

THE DRILL SERGEANT: Octagonal Resources has received results from a recently completed infill aircore drilling program carried out at the Burns prospect, located within the company’s Hogan’s project in Western Australia, which the company said have defined two zones of gold.   Octagonal considers the Burns prospect to be a priority exploration target area that […]

Potash West extends landholding

THE BOURSE WHISPERER: Potash West has extended its exploration tenure in the Dandaragan Trough in Western Australia. The company has increased its landholding from an area of 2,107 square kilometres to 2,905 square kilometres. Potash West listed on the boards of the Australian Securities Exchange in May after closing a heavily oversubscribed $6 million Initial […]

Cleveland completes $10M capital raising

THE BOURSE WHISPERER: South America-focused Cleveland Mining Company has completed a $10.1 million placement to sophisticated, professional and institutional investors. The placement will result in the issue of 29.7 million new ordinary shares at a price of 34 cents per share. A large portion of the shares have been allocated to Chinese businessman Wang Zhe, […]