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*** UPDATE: DIRECTOR TRADING, EXPLORATION UPDATES AND TRADING HALTS UPDATES ARE NO LONGER AVAILABLE FOR USE BY THIS FEATURE AS OF 1 DECEMBER 2013.
FOR THESE THREE REPORTS, DATA IS ONLY VAID AND RELEVANT UP TO 30 NOVEMBER 2013.
St George Mining confirmed that it has received support from sophisticated investors for a private placement of shares at $0.11 each. The placement has closed over-subscribed and the company is completing final allocations. A maximum of 7.5m shares will be issued under the placement. The funds raised will be applied towards the ongoing exploration program for the company's high priority nickel prospects at its 100%-owned East Laverton Property in WA.
Central Petroleum Announces US$35m Increase to South Georgina JV Stage 1
Central Petroleum reported that the company and farm-out partner, Total have agreed to increase expenditure for the Stage 1 exploration program of their JV in the South Georgina Basin by US$35m. Stage 1 covers initial exploration activities on the three Qld permits ATP909, 911 and 912, and the one NT application area EP(A)132. As Stage 1 started in the second half of 2013, to date 974km of seismic has been recorded on the Qld permits, with a number of core wells planned to be drilled from April 2014. Exploration will not get underway in the NT until the title has been granted. Stage 1 expenditure will now be approximately A$105m (US$95m) with the additional funding of US$35m to be spent on the Qld permits. This effectively brings forward expenditure planned for the Stage 2 and 3 programs, with total expenditure for the 4-year exploration program remaining unchanged at US$190m.
Energy Resources of Australia Releases Further Ranger 3 Deeps Drilling Results
Energy Resources of Australia reported that it has completed the second and third cross sections of underground close-spaced drilling of the Ranger 3 Deeps resource (drill drives 4C and 5C) on the Ranger Project Area. These sections comprised 13 drillholes from sections 11850mN and 12000mN totalling 4,517 metres. Significant intercepts include: 14m @ 0.262% eU3O8; 22m @ 0.368% eU3O8; and 23m @ 0.225% eU3O8. These results confirm the current geological model and structural interpretation. On completion of the underground drilling program, the company will be in a position to review the Ranger 3 Deeps resource model and make appropriate adjustments to the mineral resource statement.
The Board of Krakatoa Resources Limited (“Krakatoa” or the “Company”) is pleased to announce that the exploration license covering the Company’s 80% owned Donggala Project has been extended by the Regency of Donggala until 8 April 2016.
Boadicea Resources is pleased to provide an update on its Symons Hill Project located immediately adjacent to the Nova/Bollinger discoveries of Sirius Resources. An infill auger sampling program targeted on the previously defined EM anomalies and geochemically anomalous areas has been completed and totalled 872 samples. A number of discrete +50 ppm nickel anomalies have been outlined by the work and a number of these are coincident with the EM anomalies.
Western Areas Announces Proposed London AIM Listing of Finland Exploration Assets
Western Areas announced a proposed transaction to vend the company's Finnish exploration assets into the London AIM-listed company, Centurion Resources, via the issue of new Centurion shares. The transaction will be combined with an equity raising of GBP3.4m. The proposed transaction constitutes a reverse takeover under the AIM Rules for companies and is conditional upon Centurion shareholder approval at a general meeting to be held on or around 29 November 2013. In the event shareholder approval is obtained, it is expected that admission to AIM will take place on or around 2 December 2013. Upon completion of the transaction, Centurion will be renamed FinnAust Mining and the company will hold a majority 68% of the enlarged listed entity. As part of the equity raising, the company will provide cornerstone investor support of GBP1.8m.
Gascoyne Resources Limited (“Gascoyne” or the “Company”) is pleased to update investors on its recent Scoping Study and exploration activities at its 80% owned Dalgaranga gold project in the Murchison region of Western Australia (See Figure 1)
Aneka Tambang (Persero) Tbk (Pt) Provides Exploration Report for October 2013
Aneka Tambang (Persero) Tbk (Pt) provided its exploration report for October 2013 in accordance with the Indonesia Stock Exchange listing rules. ANTAM's exploration activities were focused on nickel, gold, bauxite, and coal in October 2013, with total preliminary cost of Rp9.4bn.
Highfield Resources Announces Javier Drilling Delivers New Vipasca Project Area
Highfield Resources reported a significant development on its 100%-owned Javier potash project in Northern Spain. Drilling results have led to an extension of the project area into the northwest following the addition of the new Vipasca project area. The project area now covers 97sqkm. Four drill holes have been completed, all intersecting thick potash mineralisation at Javier. Drill hole J13-06 intersected two thick potash seams: 10.5m of 10.9% K2O (17.2% KCl), including 2.4m of 15.2% K2O (24.1% KCl) and 1.8m of 17.5% K2O (27.7% KCl); and 3.9m of 12.2% K2O (19.3% KCl). A JORC-compliant Measured and Indicated Mineral Resource estimate and Scoping Study on the initial Javier mine target is expected to be completed early in the March 2014 quarter.
• Deep diamond drilling of nickel targets begins today
• Initial target - Desert Dragon - has known zone of nickel sulphides
• Further drill targets likely to be generated by the ongoing electro-magnetic (EM) survey
• Highly regarded nickel specialist joins St George Mining team
HIGH IMPACT DRILLING PROGRAMME BEGINS
St George Mining Limited (ASX: SGQ) (“St George Mining” or “the Company”) is pleased to announce that
the deep diamond drilling programme to test high priority nickel targets at the Company’s 100% owned
East Laverton Property will commence today.
The drilling programme is an ongoing campaign that is planned to continue into 2014, subject to a
The first target to be tested will be at the Desert Dragon prospect.
A 4,000m RC drilling program has commenced at the 100%-owned Dexter Gold Project,
targeting two regional-scale gold-in-soil anomalies in a historically unexplored part of WA’s
Eastern Goldfields, 300km NE of Kalgoorlie.
RC drilling will focus mainly on discovery to the south of the Three Bears Prospect, the likely
bedrock source area of the 16km-long Three Bears/Tallows gold-in-soil anomaly based on
previous drill results, bedrock alteration and multi-element geochemical studies.
Limited RC drilling at the Tallows Prospect will target a possible second bedrock gold source
on the Yamarna Shear.
Initial scout RC drilling at the Sandshoes Prospect will target a 12km-long gold-in-soil
anomaly identified recently in sand dune country, 20km SW of Three Bears Prospect.
A 2,000m aircore drilling program to test several previously undrilled geochemical and
structural targets is planned to start in early December.
Troy Resources advised that recent infill RC drilling targeting the 1.7km Indicated Resource at the Main Zone within the 2.7km Smarts Inferred Resource continues to yield encouraging high grade assay results including: 11m @ 25.08g/t Au from 51m including 8m @ 34.05g/t Au from 51m; 4m @ 43.35g/t Au from 93m; and 3m @ 24.84g/t Au from 48m. The company currently has two contract diamond Core rigs and one RC rig in operation that are focussed on infill Resource drilling at Smarts as well as the drilling required for geotechnical and metallurgical studies. A limited number of sterilisation drill holes have also been completed targeting possible infrastructure sites pending the positive outcome of a Scoping Study due in January 2014.
DRILLING IDENTIFIES EXTENSIVE
GOLD ANOMALIES AT
SOUTH YAMARNA JV
First aircore drilling programme completed over Breelya-Minnie Hill
Camp Target identifies supergene gold anomaly (greater than
100 ppb) over three kilometres of strike and 400 metre average
width (Figure 1)
Best gold intercepts at Minnie Hill South from four metre composite
sampling (at 0.3 g/t Au cut-off) include:
8 metres @ 0.93 g/t Au from 20 metres in 13SYAC0066
24 metres @ 0.52 g/t Au from 36 metres, including 4m @
1.11 g/t Au in 13SYAC0008
Sheffield Resources Commences Aircore Drilling at Red Bull Nickel Project
Sheffield Resources announced that it has commenced a second phase of aircore drilling at its Red Bull nickel-copper project. Red Bull is within 20km of Sirius Resources' Nova nickel-copper deposit, in the Fraser Range Nickel Province in WA. The phase 2 aircore drilling program of approximately 100 holes for 4,000m follows the successful first phase of drilling completed earlier in 2013 which identified the Earlobe, Stud and Sleeper prospects (collectively the "Northern Targets"). The new drilling aims to better define each prospect and will evaluate a further 3km strike-length of the 8km-long host mafic-ultramafic intrusive sequence. The drilling is expected to take 3-4 weeks to complete, with results expected in Q1 2014.
Significant Gold Intersections from In-fill Drilling
Excellent gold intercepts1
at Dot’s Luck include:
- 11m at 6.53g/t Au including, 6m at 10.41g/t Au (DLD18); and
- 13m at 3.88g/t Au including 2m at 14.27g/t Au (DLD19).
Excellent gold intercepts at Guy Fawkes include:
- 2m at 11.15g/t Au including 1m at 21.96g/t Au (GFR03); and
- 3m at 2.35g/t Au (GFR04).
High grade intersections from metallurgical drilling at Fair Bride include:
- 25m at 4.45g/t Au including 6m at 15.14g/t Au (ANDMT2); and
- 11m at 8.45g/t Au including 6m at 14.20g/t Au (ANDMT3).
Kidman Resources Secures Option Underwriting, Announces Director Option Conversion
Kidman Resources advised that it has entered into an agreement with Cygnet Capital for Cygnet to partially underwrite its listed options expiring 29 November 2013, up to a maximum of $1.0m. This additional funding will top up the company's existing cash balance after the current successful diamond drilling program at its Home of Bullion project. Additional funding (above $1.0m underwritten amount) is expected from option holders electing to exercise. Further assay results are pending from the recent diamond drilling program at Home of Bullion.
Strike Energy Provides Le Chiffre 1 Drilling Update
Strike Energy advised that at 6:00am CST on 22 November the Le Chiffre 1 well was drilling ahead at 1,588m. The Toolachee formation was encountered at approximately 1,430m and over 20m of coal core has been recovered over the interval from 1,464m to 1,588m. Two 3m-long cores (at 1,490m and 1,531m) have been successfully recovered utilising a specialised pressure core system which captures the core in a sealed canister enabling recovery of all in-situ gases and liquids present in the reservoir. The preliminary gas measurements we have observed to date exceed pre-drill expectations for coals at these depths, however logging and further analysis will be required before the significance of these early results can be determined. The forward plan is to continue to drill ahead to test the target coal seams in the REM and Patchawarra Formations.
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