ALL THE NEWS
Aphrodite confirms gold at North Menelaus
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Perth-based gold exploration play Aphrodite Gold has scored some encouraging results from a maiden reverse circulation drilling program recently completed over the company’s North Menelaus gold prospect. North Menelaus is located four kilometres north of the company’s Aphrodite gold deposit near Kalgoorlie in Western Australia. The company has recently concluded an initial […]
Bulletin Resources extends Nicolson’s
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Gold exploration play Bulletin Resources recently completed a program of RC drilling on its 100 per cent owned Nicolson’s gold project located near Halls Creek in northern Western Australia. Two deep RC holes carried out by Bulletin have extended the high-grade Nicolson’s Footwall lode to a vertical depth approaching 300 metres. […]
Debt, debt and more debt
/in Uncategorized /by Wally GrahamThat’s what is hurting world equity markets lately. The Greeks are like Bondy, Skasey and Johnny Spalvins collectively, but on steroids. They are in a position now where if they got a margin call, and were liquidated they’d be worth five cents in the dollar. That’s way worse than our corporate cowboys from the 1980’s. […]
Saracen to raise $65.2 million
/in The Bourse Whisperer /by Wally GrahamTHE 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 […]
Mutiny hits high grades at Deflector
/in The Drill Sergeant /by Wally GrahamTHE 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 […]
Centaurus on track for Jambreiro upgrade
/in The Drill Sergeant /by Wally GrahamTHE 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 […]
GBM Resources upgrades Bungalien
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: GBM Resources has completed a 26 hole, RC drilling program on its Bungalien phosphate project areas located in the Georgina Basin, southeast of Mount Isa in North Queensland. The company received results that included peak phosphate values exceeding 25 per cent phosphorous pentoxide from the 1,436 metre RC drill program. Results included […]
Argentina identifies Cerro Blanco target
/in The Drill Sergeant /by Wally GrahamTHE 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 […]
Red Mountain intersects gold at Zhongqu
/in The Drill Sergeant /by Wally GrahamTHE 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 […]
Rox results revisit uncovers gold discovery
/in The Drill Sergeant /by Wally GrahamTHE 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 […]