Entries by Wally Graham

Intrepid hits gold-copper at Gama

THE DRILL SERGEANT: ASX-listed Intrepid Mines and TSX-listed Cornerstone Capital Resources have announced the completion of the first six holes of an 11-hole (2,900 metres) drilling program. The Phase 1 diamond drilling program was carried out on the Gama prospect, located in the north western part of the Shyri property in southern Ecuador. Intrepid is […]

Centaurus Metals test work produces high-grade hematite

THE BOURSE WHISPERER: Recent dry magnetic separation beneficiation test work carried out by Brazilian-focused iron ore company Centaurus Metals has demonstrated the capability to produce a high-grade hematite product grading 65.8 per cent iron with low impurities at a strong mass recovery of 50% and metal recovery above 90%. The positive results stem from test […]

Black Fire Minerals eyes REE project

THE BOURSE WHISPERER: Diversified Perth-based resources house Black Fire Minerals has completed a due diligence program and has subsequently entered into an Option to Purchase Agreement to acquire a 70% equity interest in the 3,600 square kilometres Longonjo rare earth project located in central Angola. Under the agreement, Black Fire has made a A$100,000 option […]

Kookynie Drilling intersects gold mineralisation

THE DRILL SERGEANT: Perth-based exploration company Laconia Resources has announced results of a recently completed 12 hole, 1,200 metre RC drilling program at its 100% owned Kookynie gold project, near Kalgoorlie in Western Australia. Laconia kicked off the drill program in March, which was designed to test down dip and plunge extensions of previous intersections […]

Gold investors wary in May

May was an interesting month for gold with the shiniest of commodities demonstrating to the market that it is just as susceptible as its cousins to a sell-off when market conditions change. Gold reached a high of US$1,575 per ounce at the start of May only to quickly fall off almost seven per cent over […]

Mutiny extends Deflector deposit

THE DRILL SERGEANT: Perth-based Australian gold-copper play Mutiny Gold has received results from the first 15 holes of its ongoing drilling program at its Deflector gold-copper deposit. Deflector is the main deposit within the company’s flag-ship Gullewa project in Western Australia. The current program was designed to test for further along strike extensions and upgrade […]

Potash West gets straight to work

THE DRILL SERGEANT: Newly-ASX-listed Potash West has wasted no time in announcing results from its first drilling campaign. The company recently completed an aircore drilling program on its E70/3100 licence, which is located on the western margin of the prospective Dandaragan Trough some 100 kilometres north of Perth. The company’s maiden drilling program has come […]

Aphrodite Gold beefs up Phi

THE DRILL SERGEANT: Kalgoorlie-focused gold play Aphrodite Gold has confirmed a major extension to the Phi gold zone at its flagship Aphrodite Gold Project near Kalgoorlie Western Australia. The Phi gold zone, together with the Alpha zone, hosts the existing Aphrodite gold resource containing 1.03 million ounces. Results from the recent RC drilling program, combined […]

Rum Jungle completes Northern Grid drilling at Barrow Creek 1

THE DRILL SERGEANT: Northern Territory-focused exploration play Rum Jungle Resources has received all assays from its recently completed 100 metre by 100 metre grid drilling at the Barrow Creek 1phosphate deposit, from which several shallow high grade zones have been delineated within the area. The company is now waiting to receive assays from holes drilled […]

Crescent Gold Completes A$8.84 Million Capital Raising

THE BOURSE WHISPERER: Perth-based gold producer Crescent Gold has raised $8 million in convertible debt. Due to overwhelming demand a further $844,000 was raised through a share placement using the company’s existing 15 per cent capacity. The issue has been placed with sophisticated and professional investors and was closed heavily oversubscribed. The $8M Convertible Note […]