Entries by Wally Graham

Roadhouse Briefs

Envirogold completes trial mining Australian-based mineral resources company, EnviroGold has completed a trial mining exercise on its Las Lagunas gold tailings project in the Dominican Republic. The company said the trial demonstrated ease of operations under dry conditions, and confirmed contractor’s pricing. “It is exciting for the company to be nearing gold and silver production […]

Arafura drilling expands Nolans Bore

THE DRILL SERGEANT: Australian rare earths company Arafura Resources has confirmed the presence of further rare earths mineralisation at depth at its 100 per cent owned Nolans Bore deposit in the Northern Territory. The results come as Arafura is approaching the end of a resource development drill program designed to test the Nolans Bore rare […]

Condor intersects copper in Chile

THE DRILL SERGEANT: Sydney-based South America-focused exploration company Condor Blanco Mines has intersected copper mineralisation with the first two holes of its current drilling at its Gold Iron project 40 kilometres east of Copiapo in northern Chile. Condor commenced the 3,400 metre reverse circulation drilling program at the beginning of August and has completed two […]

Australian M&A activity reaches record high

Australian M&A activity reaches record high Merger and acquisition activity has been fairly hot recently according to a recent report. In its Australasia Investment Banking Snapshot released last week Thomson Reuters said Australian-involvement in mergers and acquisitions had reached a record high of US$130.3 billion so far this year. The business information group said this […]

Elvis has left the building August 19

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: Resignation of Non-executive Director […]

Copper gold hits for Golden Rim Resources

THE DRILL SERGEANT: West Africa-focused gold play Golden Rim Resources has hit copper and gold intersections during a second program of reverse circulation drilling on its Balogo project in Burkina Faso. Golden rim completed a total of 35 RC drill holes in the Phase 2 drilling program, which focussed on the southwest part of the […]

Altura and Atlas increase Pilbara reserves

THE DRILL SERGEANT: Pilbara-focused Atlas iron Joint Venture partner Altura Mining has announced an increase to the Ore Reserve estimate for the Mt Webber Direct Shipping Ore project. The standings for each partner in the Mt Webber JV are 30% Altura Mining / 70% Atlas Iron. The new JORC compliant Ore Reserve estimate for Mt […]

Heritage eyes gold potential at Rahu

THE BOURSE WHISPERER: New Zealand and Australian dual-listed exploration play Heritage Gold has received results from a geophysical survey of the Rahu gold prospect, situated within the Karangahake project in New Zealand Heritage said the results show wide low to moderate grade gold zones appearing to narrow at depth to what it considers may be […]

Glenn McGrath maintains line and length

Line and length were always vital elements of Glenn McGrath’s armoury now he is out to maintain the line and length of the industry’s conveyor belts. While visiting an old mate during a family ski holiday to Canada, Australian cricket legend Glenn McGrath was introduced to a totally new playing field. McGrath first met his new […]

The disconnect between gold prices and gold equities

One of the curious aspects of the surge in gold prices over the past few years has been the relative lack of performance by the companies that actually dig, produce and make the stuff – gold producers. And it’s not just Australian gold companies either; this has essentially been a worldwide phenomenon. Unfortunate and bewildered […]