Entries by Wally Graham

Gascoyne Resources extends Glenburgh mineralisation

THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) has recorded high-grade gold intersections while conducting extensional RC drilling between conceptual pit designs for the Shelby and Mustang deposits at the company’s 100 per cent-owned Glenburgh gold project in Western Australia. Gascoyne said the drilling identified a high-grade zone of mineralisation west of the conceptual Shelby open […]

Encounter Resources strikes Antofagasta earn-in deal

THE BOURSE WHISPERER: Encounter Resources (ASX: ENR) has entered into an earn-in agreement in relation to two tenements at the company’s Yeneena project located in the Paterson Province of Western Australia. The agreement is with Antofagasta Minerals Perth, a wholly-owned subsidiary of London Stock Exchange-listed Antofagasta PLC, one of the world’s largest copper producers and […]

Birimian Gold raises $2M at 30 per cent premium

THE DRILL SERGEANT: Birimian Gold (ASX: BGS) has placed 95.2 million ordinary shares with Sprott Global Resource Investments at an issue price of 2.1 cents per share, a 30 per cent premium to the current market share price, to raise $2 million. Sprott is a US-based broking and funds management firm with a track record […]

Monax Mining encounters graphite at Francis prospect

THE DRILL SERGEANT: Monax Mining (ASX: MOX) has described recent drilling results from the Francis graphite prospect as “impressive”. The Francis prospect forms part of the company’s Waddikee graphite project located on South Australia’s Eyre Peninsula. The company said the results confirm the Waddikee project contains a second high-grade prospect along with the Wilclo South […]

Troy Resources snaps up $40M funding loan

THE BOURSE WHISPERER: Dual-listed Troy Resources (ASX: TRY, TSX: TRY) has signed a Mandate Letter and Term Sheet with Investec Bank (Australia) for the provision of $40 million in loan facilities. The Facilities consist of the following: –    A $20 Million Revolving Corporate Facility (RCF); and –    A $20 Million Revolving Acquisition Loan Facility (ALF). […]

Straits Resources continues sale of non-core assets

THE BOURSE WHISPERER: Straits Resources (ASX SRQ) has agreed to the sale of additional non-core assets in the form of the Pressure Oxidation Plant and a number of South Australian exploration leases. The Pressure Oxidation Plant is located at the Hillgrove Antimony mine, which the company recently sold off to Bracken Resources. Straits explained the […]

St George prepares Cambridge drill program

THE DRILL SERGEANT: St George Mining (ASX: SGQ) is gearing up for a 2013 drilling program to be carried out at the company’s 100 per cent-owned Cambridge nickel prospect in Western Australia. The 2013 drill program is designed to test priority nickel sulphide targets at the Cambridge nickel prospect and at new sites along the […]

Greenpower Energy to commence drilling

THE DRILL SERGEANT: Greenpower Energy (ASX: GPP) has commenced geothermal drilling at the company’s Mt Ridley project in Western Australia. The first hole, Mt Ridley 1, has a planned total depth of 400 metres and is being drilled to test a radiogenic granite for hot dry rock (HDR) geothermal energy generation. ”This is the first […]

Cape Lambert finds new buyer for Leichhardt copper project

THE BOURSE WHISPERER: Cape Lambert Resources (ASX: CFE) ran out of patience with its potential buyer for its wholly-owned subsidiary Cape Lambert Leichhardt, the holder of the Leichhardt copper project. The company had previously announced it had entered into a conditional agreement for the sale of the Leichhardt project for a total consideration of $15million, […]

Archer Exploration acquires strategic landholding

THE BOURSE WHISPERER: Archer Exploration (ASX: AXE) has agreed to purchase the Sugarloaf Property, located approximately 35km north of the township of Cleve on South Australia’s Eyre Peninsula. The Sugarloaf Property lies within the company’s Carappee Hill tenement that contains the bulk of the Sugarloaf graphite deposit, which has an identified Exploration Target of 40 […]