Eagle Eye Metals is pleased to announce the analytical results of the phase two Reverse Circulation (RC) drilling programme conducted at the Kourouba Prospect within the Company's Dankassa Gold Project in Mali. The programme was designed to follow up results from the phase one drill programme completed in July and to test for continuity of higher [...]
Asian Activities Report for October 28, 2011 includes: Victory West Metals Limited has signed a Heads of Agreement to acquire 100% of South East Asia Energy Resources Pte Ltd; Centrex Metals Limited has received payment of A$8M to commence Stage 3A of the Bungalow Magnetite Joint Venture with Baotou Iron & Steel Group Company Limited; Gryphon [...]
Archer Exploration advises that the drilling programme at the Company's Campoona South and Grid 2 graphite deposits has been completed. Drilling consisted of 9 RC drill holes for an aggregate 451 metres and was terminated 2 holes short due to heavy rain in the Cleve - Darke Peak area over recent days.
Archer Exploration are pleased to advise that a 10 hole RC drill programme testing the Campoona South and Grid 2 graphite deposits commenced on 17th October 2011. The drill targets are located in the northwestern portion of EL4693 Wildhorse Plain located between Cleve and Darke Peak on Eyre Peninsula, South Australia.
Focus Minerals says today that Australian gold producer, Crescent Gold has hit its market guidance for the September Quarter, producing 21,915 ounces of gold from its operations at the Laverton Gold Project. With production commencing at its Mary Mac Hill deposit, and accelerating its newly developed Fish operation, Crescent processed 504,288 [...]
Crescent Gold is pleased to advise that Don Taig, Chairman of Focus Minerals, has joined the Crescent Board, effective immediately. Focus Minerals successfully completed its off-market takeover of Crescent Gold earlier this month. The offer was strongly supported with 82.5% shareholder acceptance.
Please be advised that as of the Offer Close Date at 5.00pm AWST on Wednesday, 5 October 2011, Atlas Iron Limited has received acceptances for its off-market takeover bid for FerrAus which entitles Atlas to a relevant interest in 97.73% of FerrAus ordinary shares. Compulsory Acquisition Consideration FerrAus shareholders whose acceptances were not [...]
Focus Minerals, will emerge as one of Australia's top gold producers with projected annual production of +200,000 ounces in 2012 following the successful completion of its off-market takeover Offer for Crescent Gold. At the close of the Offer at 7pm EST last night, Focus had a relevant interest in Crescent of 81.57%.
As previously announced Archer completed a series of drill holes in 2008 testing anomalous copper-gold results grading >0.1g/t Au recorded in close-spaced rock chip samples taken at Sugarloaf. Archer recovered samples from two of those drill holes, CHRC011 and CHRC012, to assay for carbon. These results have now been returned and show that the [...]
The potential for a new graphite province in the Cleve area of South Australia's Eyre Peninsula has been further strengthened with new results by Archer Exploration adding to a suite of similar results released by the Company over the past two months. Archer is pleased to announce today petrology results for four additional locations on two [...]
Focus Minerals is pleased to announce that it has increased its relevant interest in Crescent Gold to 77.8%. Focus, at its election, can further increase to 83.2% through the conversion of debt owed by Crescent to Focus (assuming full draw down of up to $13m loans, a $0.05 conversion price and exercise of all attaching $0.05 options).