All tagged GWR: GWR

GWR Group - Wiluna West Gold Drilling Kicks Off

GWR Limited (ASX:GWR) has commenced a Reverse Circulation drilling program targeting down plunge extensions to mineralisation at its Wiluna West Gold Project in WA. Previous drilling at Golden Monarch within the Project has identified a Mineral Resource over 500m of strike length. The latest drilling program comprises 21 holes for 1,650m and will take about a fortnight to complete. The assay results are expected in late August followed by a Mineral Resources update in September.

GWR Group - Exploration ramps up at Wiluna West Gold Project

GWR Limited (ASX:GWR) is planning on ramping up exploration at the Wiluna West Gold Project, with drilling commencing in July. Exploration is focussed on defining sufficient mineable resources to commence a mining operation under the MoU with Blackham Resources. Parallel to that, the Company is undertaking regional exploration, with a program planned to better define a new anomaly called 'The Blob'.

GWR Group - Excelsior Gold Financing Repaid in Full

GWR Limited (ASX:GWR) has been repaid in full, plus interest, for the $2.25 million Convertible Securities and Loan financing agreement that it entered into with Excelsior Gold in May 2016. The funds will be applied towards high impact exploration at both Hatches Creek and Wiluna West Gold Project with drilling at both projects from July.

GWR Group - Hatches Creek Project Update

GWR Limited (ASX:GWR) has released an update for the Hatches Creek Tungsten Project in the NT. Follow up drilling is planned on 3 prospects with the aim of defining resources around an Exploration Target of 3.2 - 5.6Mt at 0.30 - 0.60% WO3 equivalent. Reconnaissance drilling is also planned for five other prospects, which have coincident historic workings. Discussions have also commenced with infrastructure and transport providers based on a near term low cost development scenario.

GWR Group - Quarterly Activities Report

GWR Limited (ASX:GWR) has continued its dual gold/tungsten focus in the December quarter, with progression of both the Wiluna West Gold Project and the Hatches Creek Tungsten Project. At Wiluna West, the Company has executed an MoU with Blackham Resources for the potential development of its projects. At Hatches Creek, a 1739m RC drilling program was completed with positive initial results.

GWR Group - Memorandum of Understanding with Blackham Resources for Mining Wiluna West Gold Deposits

GWR Limited (ASX:GWR) has executed a Memorandum of Understanding with Blackham Resources for the potential mining and treatment of GWR's Wiluna West Gold Project deposits. Under the MoU, GWR will drill the deposits up to Indicated status and complete initial metallurgical testwork. Blackham will then complete a feasibility study and, if positive, the two groups will look to develop the deposits on a profit sharing arrangement.

GWR Group Limited - September Quarter Report and Appendix 5B

GWR Limited (ASX:GWR) has reported its September quarter results, with excellent polymetallic results from Hatches Creek in the NT and progression of discussions with Blackham over gold ore treatment at Wiluna the main focuses. Drilling is about to commence at Hatches Creek following up on high grade dump samples that included anomalous gold and copper as well as tungsten in some prospects.

GWR Group - June 2016 Quarterly Report

GWR Limited (ASX:GWR) has announced a busy June quarter of activities, including a funding agreement with Excelsior Gold, progression of discussions with regards to treatment of gold ore for Wiluna West and drill planning for the Hatches Creek tungsten project. GWR has a strong balance sheet with $8.9m cash, no debt and $5.3m in listed securities and other material financial assets.

GWR Group - Market Update Excelsior Gold Financing

GWR Group (ASX:GWR) has provided Excelsior Gold with $2.25 million in funding  by subscribing to 17.2 million convertible notes at an issue prices of $0.0387 and lending Excelsior a further $1.59 million. But GWR has elected not to exercise an option to provide Exlcesior with additional funding by subscribing for 27.8 million shares at an issue price of $0.057. GWR said it had not been able to complete due diligence on Excelsior's Kalgoorlie North Gold Project to its satisfaction.