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Asian Activities Report for September 26, 2011: Globe Metals and Mining (ASX:GBE) Report Significant Fluorite and Rare Earths Drilling Results in Mozambique
Asian Activities Report for September 26, 2011: Globe Metals and Mining (ASX:GBE) Report Significant Fluorite and Rare Earths Drilling Results in Mozambique
Sydney, Sep 26, 2011 AEST (ABN Newswire) - Globe Metals and Mining Limited (ASX:GBE) has received initial analytical results for the 2011 Main Fluorite/Rare Earths Elements Zone drilling program at the Mount Muambe Project in Mozambique. Drill intersections from initial 8 RC holes show wide, high-grade, near surface fluorite zones. Significant enrichment in heavy rare earths were also returned with HREO/TREO ratios ranging from 10% to 40%. Further drilling results are expected to flow in over the next four months. Much of the remaining drilling in 2011 will focus on pure Rare Earths Elements targets.

Siburan Resources Limited (ASX:SBU) has lodged an application for an Exploration Permit in an area prospective for tungsten and gold in the South Island of New Zealand. It is anticipated that the approval process will take between 3-5 months and the Exploration Permit is granted for a period of five years. Previous work undertaken in the area has indicated that the mineralisation continues to a significant depth of up to 180 vertical metres with potential to host a high tonnage tungsten deposit.

Metminco Limited (ASX:MNC) has commissioned drilling programmes in June 2011 comprising 16,000 metres of Reverse Circulation drilling and 12,000 metres of Diamond Drilling at the Mollacas, Vallecillo, Camaron and La Piedra projects in Chile. This drill program is expected to be completed during the first quarter 2012. The Mollacas copper project currently has a JORC compliant resource of 17 million tonnes and the Vallecillo gold zinc project has a JORC compliant resource of 10.1 million tonnes.

Wave energy developer Carnegie Wave Energy Limited (ASX:CWE) says that its next generation commercial scale CETO 4 unit has been manufactured and delivered to Reunion Island, and offshore installation is currently scheduled to take place during the Southern Hemisphere summer. Activities to date have been two-thirds funded by French Government grants.

VA Tech Wabag (BOM:533269), a leading global player in water and wastewater management, has received an EU$8 million contract for the expansion of Andermatt wastewater treatment plant in Switzerland. VA Tech Wabag will provide its innovative wastewater treatment technologies for the plant. Expansion work will commence in spring 2012 and the plant will be ready for operations at the end of 2013.


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