Dear fellow Toro Energy shareholder, As the 2012-2013 financial year has closed, I take this opportunity to update you on Toro's progress with the Wiluna Uranium Project, the growing confidence we see in the Australian and global uranium market, and our plans for your Company for the new financial year. Despite the current challenging times in the [...]
Sovereign Gold has potentially made a significant gold discovery in New South Wales as initial drill results confirm substantial gold mineralisation at its Mt Adrah Hobbs deposit, located 60km south-east of Wagga Wagga. In what is proving to be a game changer for the company, results of the first drill hole at Hobbs Pipe 1 of the deposit have [...]
Peak Resources wishes to advise the market that it has terminated negotiations with the potential cornerstone investor as per the company's announcement on 23rd April 2013. This announcement outlined the Company's entry into a non-binding Memorandum of Understanding (MoU) with a prospective funding partner. Negotiations to complete a binding formal [...]
Minotaur Exploration and Breakaway Resources today announced a binding Bid Implementation Agreement under which Minotaur proposes to acquire all of the issued shares in Breakaway by way of an off-market agreed takeover offer. Under the offer, Breakaway shareholders will receive one (1) new Minotaur share for every ten (10) Breakaway shares held [...]
Sovereign Gold Announce a 2,500m multiple hole diamond drilling program is underway on the 1.55km long gold-bearing structure, discovered with Sovereign Gold's co-operation partner SUGEC, in EL 7491. Fully funded 2,500m drilling campaign at Uralla continues: 2,500m diamond drilling campaign at Uralla is underway. Fully funded by Joint venture [...]
Equatorial Resources is pleased to announce that the completed Scoping Study for its 100% owned Mayoko-Moussondji Iron Project in the south-west of the Republic of Congo has delivered excellent results. Equatorial's Managing Director and CEO, Mr John Welborn, said: 'The Scoping Study has identified an immediate pathway to a 2 million tonne per [...]
Vancouver, Canada (ABN Newswire) - Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is pleased to advise that it has achieved financial close and first drawdown of US$37 million in regards to the senior debt facility secured from EIG Global Energy Partners ('EIG') for the development of the Company's 100% owned Vista coal project ('Vista') located in [...]
Minotaur has cemented its recently established alliance with a private equity company through the creation of two new joint ventures. This development builds on Minotaur's announcement to ASX dated 14 June 2013 of an initial alliance transaction relating to Minotaur's acquisition of Breakaway Resources Ltd's Scotia gold tenements near Kalgoorlie [...]
Minotaur has backed up its proposed takeover of Breakaway Resources, announced today, with a separate round of deals likely to see $9 million injected into immediate copper and gold exploration work on Breakaway-owned assets in both Western Australia and Queensland.
The initial drill hole (GHD001) was completed at 1029.6 metres with mineralisation observed both in altered monzodiorite and quartz veined metasediments throughout. There is a continuous intercept with visible mineralisation from surface to 886m, with zones of mineralised monzodiorite extending to bottom of hole. Geologists have interpreted the [...]
McEwen Mining is pleased to announce production results for Q2 and the first half of 2013. During Q2, approximately 35,955 gold eq. oz (20,988 gold oz and 778,308 silver oz) was produced, which is a Company record. This is approximately 30% higher than the comparable period in 2012 and 20% higher than Q1, 2013. For the first half of 2013, McEwen [...]
MEC Resources is pleased to advise of the following developments in investee Advent Energy assets in the onshore Bonaparte Basin. Retention Licence 1 (RL1) in the onshore Bonaparte Basin has successfully been renewed for a further five year term. As previously announced, RL1 comprises the Weaber Gas Field which has been independently assessed to [...]