ABN Newswire

Minotaur Exploration Limited (ASX:MEP) Acquires Scotia Tenements from Breakaway

newsroom@abnnewswire.net — Mon, 20 May 2013 09:51:37 GMT

Minotaur Exploration Ltd (ASX:MEP) and its wholly-owned subsidiary Minotaur Gold Solutions Ltd ('MinSol') have entered into a binding Sale and Purchase Deed ('Purchase Agreement') with Breakaway Resources Ltd (ASX:BRW) and its wholly owned subsidiary Scotia Nickel Pty Ltd ('Scotia Nickel') to acquire 14 tenements in Western Australia ('Scotia tenements').

The Scotia tenements cover approximately 160km2 located about 65km north of Kalgoorlie, where Aphrodite Gold Limited (ASX:AQQ) is earning a joint venture interest of up to 80% in the gold rights and is required to keep all tenements in good standing. The Purchase Agreement provides for MinSol to purchase Scotia Nickel's interest in the joint venture and the Scotia tenements for total consideration of $600,000 (plus GST) payable in cash on completion. The Purchase Agreement is conditional on Aphrodite not exercising its pre-emptive right to purchase Scotia's interest in the joint venture.

Upon transfer of the Scotia tenements and the joint venture interest, MinSol will acquire:
- 100% of the right to all minerals other than gold , and
- the right to no less than 20% of gold deposits which will be free carried unless and until a decision to mine any gold deposit is made. If a decision to mine is made, MinSol may elect to forego its interest in the gold mining area in consideration for receiving a royalty of 1.5% of the gold net smelter return.

Two of the Scotia tenements (M24/279 and M24/336) are the subject of an overriding obligation to pay to St Ives Gold Mining Company Pty Ltd and Agnew Gold Mining Company Pty Ltd a royalty of $1.20 per dry tonne of ore milled from any gold mining operation.

A further condition to completion of the Purchase Agreement is that each of Norilsk Nickel Australia Pty Ltd and Norilsk Nickel Avalon Pty Ltd must agree to convert certain rights over seven of the Scotia tenements into a 2.5% net smelter royalty on production of nickel, copper and platinum group elements (PGE) from the tenements.

Completion of the Purchase Agreement is also subject to ministerial consent to transfer of the Scotia tenements.

Minotaur considers the Scotia purchase to be a foundation step in its assembly of mineral prospective ground in WA and is specifically attracted by the gold potential at Chameleon and elsewhere on the tenements and its location proximal to AQQ's Aphrodite Gold Project.

Gold intercepts reported by AQQ from drilling at Chameleon have included 12m @ 10.99g/t (66-78m, Hole CHR0001), 6m @ 4.48g/t (92-98m, Hole CHR0016) and 11m @ 2.05g/t Au (129-140m, Hole 0002). Excellent historic gold intercepts have also been achieved at Chameleon including 34m @ 3.59g/t from 124 metres, 22m @ 5.43g/t from 150 metres and 8m @ 3.39g/t from 202 metres. Further information is contained in AQQ's ASX releases of 2 and 30 August 2011 and 15 December 2011.

The Scotia tenements fit neatly with Minotaur's ambition to establish a strategic presence in the Western Australian goldfields.

To View Location Map, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MEP-736098.pdf

Minotaur Exploration Limited
T: +61-8-8366-6000
F: +61-8-8366-6001
E: admin@minotaurexploration.com.au
WWW: www.minotaurexploration.com.au

Revolution Metals Exploration License for Potential Large Undergound Gold System

newsroom@abnnewswire.net — Tue, 14 May 2013 23:59:55 GMT

Revolution Metals, a minerals and resources company focusing on developing mineral assets in Australia, announces that it has been offered an exploration license by the NSW Department of Trade and Investment following application for a 36 square kilometre former gold rush area 60 kilometres west of Grafton, NSW, Australia.

The exploration activities will focus on defining an underground source of gold that has been the suspected source for over 80 gold reefs in the area that were hand mined in the late 1800s. In addition to the gold reefs, a significant discovery of a gold bearing ironstone strati-form (vertical outcrop) has been identified with preliminary diamond and RC drilling carried out establishing gold mineralisation occurring from surface to an unknown depth.

----------------------------------------
High Grade Assay Results* from Hole: PC09
Chert/Ironstone Stratiform
----------------------------------------
130m to 131m 9.5 g/t
131m to 132m 5.9 g/t
132m to 133m 9.7 g/t
134m to 134m 9.9 g/t
134m to 135m 3.9 g/t
----------------------------------------

* Pre JORC Assay Results by AAS/Flame at Dalmorton Field Laboratory
  and logged in 1984 by Chief Geologist Little River Goldfields NL.

Drilling to further define deeper mineralisation and gold occurrences will be the focus of the company's initial work on the granted exploration license. Field reconnaissance has identified gold occurring freely in random samples taken from the surface inside the exploration area in numerous locations.

"We are very happy to have come so far with this project in such a short time, and we certainly see the potential for a large underground system that has so far eluded previous exploration" said Tim Mckinnon, Revolution Metals Managing Director.

Apart from the initial goldrush of the late 1800s to the area, very little development of the gold resource has been carried out since the miners left the area at the start of World War II. Exploration in the 1980s led to more valuable discoveries, however no extraction of the gold was commenced. The area, with over 80 known producing gold reefs, has remained undeveloped since the early 1940s. The focus of modern exploration is targeting a deeper source to the gold than that sought after by the early miners.

For more information, contact:
Managing Director
Tim Mckinnon
TEL: +61-2-8205-7353
MOB: +61-404-266-877
www.revolutionmetals.com

Lexam VG Gold (TSE:LEX) Reports Resource Update at Buffalo Ankerite

newsroom@abnnewswire.net — Tue, 14 May 2013 10:16:39 GMT

Lexam VG Gold Inc. (the "Company", "Lexam") (TSE:LEX)(OTCQX:LEXVF)(FRA:VN3A) announces updated resource estimates for the Buffalo Ankerite property in Timmins, Ontario.

A digital resource model, including an optimized Whittle Pit, was completed for the Buffalo Ankerite North and South Zones. Updated resource estimates for the Davidson Tisdale, Fuller and Paymaster projects unfortunately remain in progress.

                                                                            
Table 1. 2013 Buffalo Ankerite In-Pit Resource Estimate                     
----------------------------------------------------------------------------
In-Pit Resources - at a Cut-Off Grade of 0.015 opt Au (0.51 gpt Au)         
----------------------------------------------------------------------------
                Indicated Resources               Inferred Resources        
----------------------------------------------------------------------------
            Tonnes  Grade Grade         Au    Tonnes  Grade Grade         Au
Zone     (000's t)  (opt) (gpt) (000's oz) (000's t)  (opt) (gpt) (000's oz)
----------------------------------------------------------------------------
North          483  0.071  2.43       37.6       180  0.070  2.40       13.8
----------------------------------------------------------------------------
South        2,378  0.075  2.57        197     2,456  0.068  2.33        183
----------------------------------------------------------------------------
Total        2,861  0.074  2.54        235     2,635  0.068  2.33        197
----------------------------------------------------------------------------
                                      (See Note at the end of news release.)

In this press release the following abbreviations are used: opt = ounce per ton; gpt = gram per tonne, Au = gold; oz = ounce; ft = foot; m = metre; M = million, t = tonne. The following definitions apply: 1 tonne = 1,000 kilograms; cut-off grade = the grade value that distinguishes ore from waste, where material which has a grade below the cut-off grade is classified as waste and material with a grade equal to or greater than the cut-off grade is classified as ore. The Buffalo Ankerite in-pit resource is 235,000 ounces of gold at a grade of 2.54 gpt Au in the Indicated category and 197,000 ounces of gold at a grade of 2.33 gpt Au in the Inferred category. This resource occurs within two optimized Whittle Pit shells, North Zone and South Zone. The Whittle pit dimensions are as follows:

     - North Zone: Length x Width x Depth of 719 m x 663 m x 213 m (2,360 ft
     x 2,175 ft x 700 ft);                                                  
                                                                            
     - South Zone: Length x Width x Depth of 1,362 m x 649 m x 320 m (4,470 
     ft x 2,130 ft x 1,050 ft).

This represents a favourable target for potential exploitation due to the proximity of the project to mining infrastructure in the Timmins area. Once resource estimates for all four properties have been completed, the Company will initiate a Preliminary Economic Assessment to determine the economic viability of mining these properties by open pit methods.

Lexam VG Gold Resources

The growth of resources is an important objective for Lexam VG Gold. The exploration goal for the remainder of 2013 is to continue to develop the Company's gold resource base. Lexam currently has NI 43-101 resources estimates for four projects: Buffalo Ankerite, Fuller, Davidson Tisdale and Paymaster.

About Buffalo Ankerite Property

Buffalo Ankerite is a property of 1,214 acres, situated southeast of Timmins in northern Ontario. Buffalo Ankerite is easily accessible by highway, neighbouring within a few kilometers Goldcorp's Dome Mine to the east, Hollinger and McIntyre Mines to the north and Aunor Mine to the west, mines that generated more than 50 million of the 70 million ounces of gold produced in the Timmins Gold Camp. During the period 1926-1953, the Buffalo Ankerite property had a production of 1,018,000 ounces of gold with an average recovered grade of 6.51 grams per tonne.

Technical Information

The technical information contained in this press release has been reviewed and approved by Kenneth W. Guy, P. Geo, a consultant to Lexam VG Gold and a Qualified Person within the meaning of National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101").

The resource estimate contained herein for Buffalo Ankerite was prepared by Eugene Puritch, P.Eng and Richard Routledge, P.Geo (P&E Mining Consultants Inc.), each an independent Qualified Person in accordance with NI 43-101, using the Canadian Institute of Mining (CIM), Metallurgy and Petroleum Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions. For additional information about this resource estimate and the Buffalo Ankerite Property, see the "Note in Reference to Table 1" contained below and the technical report titled "NI 43-101 Technical Report Resource Estimate on the Buffalo Ankerite Property" dated and with an effective date of October 20, 2012, prepared by Peter A. Bevan, P.Eng, an independent Qualified Person within the meaning of NI 43-101 and Kenneth W. Guy, P. Geo, a Qualified Person within the meaning of NI 43-101. The foregoing technical report is available under Lexam VG Gold's profile on SEDAR (www.sedar.com).A technical report will be filed on SEDAR within 45 days of this news release.

The resource estimates contained herein do not constitute a Feasibility or Pre-Feasibility study and contain no mineral reserves within the meaning of NI 43-101 or SEC Industry Guide 7. The mineral resource figures referred to in this press release are estimates and therefore insufficient to allow meaningful application of the technical and economic parameters to enable an evaluation of technical or economic viability and no assurances can be given that the indicated levels of gold will be produced. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. While the Company believes that the resource estimates included in this press release are well established, resource estimates are imprecise by their nature and depend, to a certain extent, upon statistical inferences which may ultimately prove unreliable. If such estimates are inaccurate or are reduced in the future, this could have a material adverse impact on the Company. In addition, this news release includes Inferred resources that are too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.

Cautionary Note to U.S. Investors

All resource estimates reported by Lexam VG Gold are calculated in accordance with NI 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards are different from the standards generally permitted in reports filed with the SEC. Under NI 43-101, Lexam VG Gold reports indicated and inferred resources, measurements which are generally not permitted in filings made with the SEC. According to Canadian NI 43-101 criteria, the estimation of indicated resources involve greater uncertainty as to their economic feasibility than the estimation of proven and probable reserves. Under SEC Industry Guide 7 criteria, measured, indicated and inferred resources are considered Mineralized Material. The SEC considers that in addition to greater uncertainty as to the economic feasibility of Mineralized Material compared to Proven and Probable reserves, there is also greater uncertainty as to the existence of Mineralized Material. U.S. investors are cautioned not to assume that Measured or Indicated resources will be converted into economically mineable reserves. The estimation of Inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources.

Caution Concerning Forward-Looking Statements

This press release contains certain forward-looking statements and information. The forward-looking statements and information express, as at the date of this press release, Lexam VG Gold's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks, risks related to: litigation, property title, the Paymaster Option, the state of the capital markets, whether shareholder and regulatory approvals for any proposed transaction are forthcoming, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves and other risks. Readers should not place undue reliance on forward-looking statements or information. Lexam VG Gold undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See Lexam VG Gold's Annual Information Form dated December 31, 2011 and available on SEDAR (www.sedar.com) for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information. All forward-looking statements and information made in this news release are qualified by this cautionary statement.

Note in Reference to Table 1

(1) Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues, although the Company is not aware of any such issues.

(2) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.

(3) The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.

(4) The resource estimate for Buffalo Ankerite was prepared by Eugene Puritch, P.Eng and Richard Routledge, P.Geo (P&E Mining Consultants Inc.), each an independent Qualified Person in accordance with NI 43-101, using the Canadian Institute of Mining (CIM), Metallurgy and Petroleum Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions.

(5) Grade capping for Buffalo Ankerite of 51 gpt was applied to raw assays for the mineralized domains. Inverse distance cubed (ID3) was utilized for grade interpolation and was based on 1.52m (5 ft) composites and model blocks of 3m x 3m x 3m (10 ft x 10 ft x 10 ft).

(6) A bulk density for Buffalo Ankerite of 2.85 t/m3 (0.089 tons/ft3) was used for all volume to tonnes conversion based on the bulk density testing of approximately 307 samples.

(7) An approximate 30 month trailing average gold price of US$1,600/oz and an exchange rate of US$1.00=C$1.00 was utilized in the Au cut-off grade calculations of 0.5 gpt Au for open pit Mineral Resources and 1.50 gpt for underground Mineral Resources. Underground mining costs were assumed at C$46/t, with process costs of C$18/t and G&A of C$5/t. Open pit mining costs were $1.85/t for mineralized material and waste rock while overburden mining costs were $1.35/t. Process recovery was assumed at 90%.

To learn more about Lexam VG Gold (TSX:LEX), visit our website: www.lexamvggold.com.

To view "Figure 1. Buffalo Ankerite In-Pit Resources North and South Zones With Color Grade Blocks (Surface Plan Map)", please visit the following link: http://media3.marketwire.com/docs/LEX05092013.pdf.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Lexam VG Gold Inc.
Mihaela Iancu
Investor Relations
(647) 258-0395 ext. 320 or Toll Free: (866) 441-0690
Fax: (647) 258-0408
info@lexamvggold.com
www.lexamvggold.com

or

Mailing Address:
Lexam VG Gold Inc.
181 Bay Street
Suite 4750, P.O. Box 792
Toronto, ON, Canada
M5J 2T3

ABM Resources NL (ASX:ABU) Technical and Corporate Update and Broadcast

newsroom@abnnewswire.net — Mon, 13 May 2013 12:27:49 GMT

ABM Resources NL (ASX:ABU) is pleased to present its latest updated technical & corporate presentation. Darren Holden, Managing Director has recorded an audio of the presentation with Boardroom Radio.

To listen to the recording, copy the following details into your web browser:
http://www.brrmedia.com/event/111757

ABM Resources NL
T: +61-8-9423-9777
F: +61-8-9423-9733
WWW: www.abmresources.com.au

Blackham Resources Limited (ASX:BLK) Matilda Drilling Hits 35m @ 5.05 g/t Au

newsroom@abnnewswire.net — Mon, 13 May 2013 08:28:47 GMT

Blackham Resources Ltd (ASX:BLK) is pleased to announce outstanding results from recent drilling at the Matilda Gold Project in Western Australia. Latest results are from the M1 pit area, which historically the produced 1.5Mt @ 2.5g/t for 121,000oz contained gold.

Holes in this announcement targeted the "Central Lode" at M1 immediately below the existing pit floor but where historic drilling has failed to fully test the lode position. There is limited drilling into the M1 central lode down plunge from the existing pit. The M1 is characterised by mineralisation in an anticline structure (Central Lode) bounded by planar shears. High-grade mineralisation occurs in the hinge of the Central Lode anticline with thick, medium-grade mineralisation occurring in the limbs (see Figure 1 in link below). Blackham's drilling has targeted both the hinge and limbs of the anticline.

MARC0138 passed through the hinge of the anticline beneath the existing pit in a position where previous drilling had failed to penetrate through the entire mineralised sequence and therefore appears to have missed the highest grade material at the base of the lode. The hole intercepted 35m @ 5.05 g/t from 114m including 12m @ 9.13 g/t from 134m near the base of the lode. The intercept is from beneath the existing pit, but inside an optimal proposed pit based on the November 2012 Scoping Study. It is anticipated that this result will improve the open-pit mining economics.

While this hole falls inside a potential open pit cut-back the intercept of 12m @ 9.13 g/t highlights the potential for M1 to host a high-grade underground mine. This is supported by historical results from the following holes:
29m @ 4.52 g/t Au from 96m - MRC00643
19m @ 6.9 g/t Au from 86m
including 10m @ 10.4 g/t from 86m - MRC00100
11m @ 5.18 g/t Au from 133m - MDDH013
12m @ 5.7g/t Au from 190m
including 4m @ 10.5m from 198m - MDDH031

There has been very limited historical drilling beneath the M1 pit and it has been too broad to fully define the high grade zone in the core of the anticline (see link below). Blackham plans to prioritise further drilling into the M1 central anticline zone.

In addition, a number of good intercepts have been returned from the limbs of the anticline. Better results include 21m 2.57 g/t from 184m in MARC0125, 11m @ 2.13 from 123m in MARC0139 & 9m @ 2.59 g/t in MARC0142. Hole details and significant intercepts can be found in Appendix A (link below).

Blackham's resource inventory at the Matilda Gold Project is currently 25Mt at 1.9g/t for 1.5Moz Au (see Table 1). The Matilda Mining Centre resource has grown from 68,000oz at acquisition in November 2011, to 14Mt @ 1.8g/t for 784,000oz Au.

Blackham Managing Director said "We are very excited by the high grade potential below the M1 pit which historically produced 121,000oz. Previously the deposit has been drilled from an open pit mining perspective with only a few holes deeper than a 100m. The current drilling results from the Central Lode demonstrates the underground potential within this lode even though it is still shallow enough to open pit mine. We are also keen to follow up on some of the high grade intercepts in the M1 Western and M1 Eastern lodes."

To view charts and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-635264.pdf

Blackham Resources Limited
T: +61-8-9322-6418
F: +61-8-9322-6398
WWW: www.blackhamresources.com.au

NSW Miner-Explorers Presentations in Sydney - Next Wednesday 15th May, 2013

newsroom@abnnewswire.net — Thu, 9 May 2013 17:40:48 GMT

NSW Trade & Investment invites you to the NSW Mineral Explorers Presentation, Wednesday 15 May 2012 at the New South Wales Trade & Investment Centre, Sydney.

The May 2013 Miners-Explorers Presentation showcases four explorers, companies whose NSW projects have been selected for their high growth potential and investment readiness.

Presenters will deliver the latest news on their projects, and outline their prospects for development with the timely backing of the right financial partners and funding.

The May 2013 Presentation is an opportunity for resources sector focused investors and intermediaries to hear the explorers' presentations and directly discuss with them their projects at length; to make connections that enable them to invest in a current project, or to develop key contacts for future prospects.

The NSW Miners-Explorers Presentation brings together both miner-explorers and investors with the aim of generating key new strategic investment and partnerships and new economic growth in New South Wales, stemming from the opportunities the resource sector offers.

Explorers at the 15 May presentations include:

Ausmon Resources Limited (ASX:AOA) Pieter Moeskops, Project Manager
Platina Resources Limited (ASX:PGM) Robert Mosig, CEO Managing Director
White Rock Minerals Limited (ASX:WRM) Geoffrey Lowe, Managing Director
Carpentaria Exploration Limited (ASX:CAP): Nick Sheard, Executive Chairman

NSW Trade & Investment, through its Resources and Energy Investment Unit, is proud to provide this occasion to promote a vital State industry sector and to assist in promoting future activity in a key export segment of the New South Wales economy.
We look forward to receiving your response and registration for the 15 May presentation event.

To register, or for inquiries please contact
Wayne Sonter
Manager, Investment, Division of Resources & Energy
NSW Trade & Investment
Tel: 02 8281 7364,
Email: Wayne.Sonter@industry.nsw.gov.au,
W: http://www.industry.nsw.gov.au

Wayne Sonter 
Manager, Investment, Division of Resources & Energy
NSW Trade & Investment
Tel:  02 8281 7364,  
Email: Wayne.Sonter@industry.nsw.gov.au,  
W: www.industry.nsw.gov.au

Blackham Resources Limited (ASX:BLK) Williamson Gold Resource Upgrade

newsroom@abnnewswire.net — Thu, 9 May 2013 10:29:40 GMT

Blackham Resources Ltd (ASX:BLK) is pleased to report the latest upgrade in resources at the Williamson Mining Centre which is part of Blackham's Matilda Gold Project.

Independent geological consultants, RungePincockMinarco were commissioned to complete the resource update. The resource upgrade was conducted primarily to improve confidence in the geological model and to allow scoping studies to be completed. The new Williamson Resource (including the Williamson South Deposit) is 6.3Mt @ 1.7g/t Au for 350,000oz of which 2.7Mt @ 1.7 g/t Au for 147,000oz is now in the Indicated category. The increased confidence in the block model was the result of adding the grade control data and 15 additional RC & Diamond holes since the previous block model was calculated.

Full details of the new Resource Estimate and parameters can be found in the link below.

The Matilda Gold Project resource now stands at 25Mt at 1.9g/t Au for 1.5Moz with 408,000oz in Measured and Indicated Categories, an increase of 57% over the previous estimate released in January 2013. Blackham's revised gold resources at the Matilda Gold Project are summarised in the link below.

The three main deposits in Matilda, Williamson and Regent have all been estimated by RungePincockMinarco.

Mineralisation occurs as weakly disseminated sulphides within a broad anomalous envelope around a north striking/east dipping monzogranite. Higher grade sulphide and visible gold mineralisation is associated with the shearing on the contacts of the granite and also within the main west dipping shear that intersects the monzogranite. Mineralisation within the monzogranite body varies from broad low grade disseminated sulphides in the monzogranite to high grade veins formed within fractures (possibly conjugate) containing visible gold.

Alteration ranges from weak carbonate chlorite alteration distal to the main structure to strong hematite carbonate silica pyrite alteration associated with high grade mineralisation.

The ore body is almost vertical with up to 40 metre true widths. Over 2,000 drill holes were used in the Resource Estimate. Resource wireframes were interpreted by RPM after close consultation with Blackham. The resource outlines were based on mineralisation envelopes prepared using a nominal 0.35g/t Au cut-off grade.

Weathering surfaces for the major oxidation states were created on interpretation of historical drilling logs.

The resource was classified as Indicated and Inferred Mineral Resource based on data quality and drill sample spacing. The Indicated portion of the resource was defined where the drill spacing was predominantly at 10m by 20m, and continuity of mineralisation was strong. Portions of the resource have also been drilled by close-spaced grade control on 5m sections. These Indicated areas are likely to be upgraded to Measured once the data quality has been confirmed by the company. Importantly, the Indicated portion of the resource is immediately below the existing pit which will facilitate studies of the open-pit cutback potential.

Management believe there is significant potential to make additional improvements in the confidence of the Williamson Resource Model as well as increase the resources which are open both along strike and at depth. Exploration programmes are currently being planned to test these targets. A review of targets within the Williamson region is also underway.

To View all tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-635064.pdf

Blackham Resources Limited
T: +61-8-9322-6418
F: +61-8-9322-6398
WWW: www.blackhamresources.com.au

Tiger Resources Limited (ASX:TGS): RMB Approves its Participation in the $30M Kipoi Bridge Facility

newsroom@abnnewswire.net — Thu, 9 May 2013 10:10:20 GMT

Tiger Resources Limited (ASX:TGS) is pleased to announce that FirstRand Bank Limited, acting through its Rand Merchant Bank division (RMB), has confirmed internal credit approval for its participation in the US$30 million bridging facility which it is jointly arranging with Nedbank Limited, acting through its Nedbank Capital division (Nedbank Capital).

HIGHLIGHTS:
- US$15 million bridging facility credit-approved by RMB
- Independent technical review completed
- RMB's funding available subject to finalisation of standard financing conditions
- Credit decision of Nedbank Capital awaited

RMB and Nedbank Capital are arranging a US$80 million debt financing facility to Société de Exploitation de Kipoi SPRL (SEK), the operator of the Kipoi Copper Project in the Democratic Republic of Congo (DRC) in which Tiger has a 60% interest, supported by the Export Credit Insurance Corporation of South Africa Limited (ECIC).

Indochine Mining Limited (ASX:IDC) - "More High Grades - More Gold" - Mt Kare

newsroom@abnnewswire.net — Mon, 6 May 2013 12:24:16 GMT

Indochine Mining Limited (ASX:IDC) would like to draw your attention to the new research available from Keith Goode, of Eagle Research, an analyst with over 25 years experience.

Most importantly Keith wrote research on the adjoining Porgera mine in its first five years of production. This provides a unique context to demonstrate the growth potential of the Mt Kare Project, which is a "look alike" to the world class Porgera mine.

Indochine has also released a new presentation and the Quarterly Report which are both now available on our website.

Keith Goode has completed his first report on Indochine Mining (IDC) rating it as a spec buy at its close on 30 April, 2013 of 5.2 cents with a target of >12 cents (and an NPV@ US$1450/oz of 22 cents).

There appear to be many similarities between Mt Kare and Porgera.

Porgera reputedly had three underground stopes in its Zone VII Bonanza zone averaging 680 g/t. The initital head grade in SQ 1990 through the plant at Porgera was ~72 g/t (~2.2 oz/t) from underground, with ~750 koz produced in the first 12 months at a cash cost of ~$90/oz.

Before the 1983 zone VII discovery at Porgera, its ore resources (following grid drilling of the area) were 3.7 mt @ 6.4 g/t for 0.8 Moz, and in 1990 were 12.6 Moz Au consisting of an open-cut resource of 54.2 mt @ 4.3 g/t for 7.5 Moz and an underground rsource of 5.9 mt @ 27 g/t for 5.1 Moz.

Indochine are understandably currently focusing on their bonanza grade ore zones to enhance their ore resources and have reported encouraging intersections such as 4 m @ 420 g/t, 5 m @ 105 g/t, 7 m @ 35 g/t etc. If our average modelled grades increase by only 5%, the NVP (or valuation) of Indochine increases by 6 cents.

Indochine expects to upgrade its ~2.1 Moz Mt Kare ore resource of 28.3 mt @ 1.9 g/t Au (that was mostly based on data up to 2007), in mind 2013.

ERA Indochine model is very sensitive to grade, with 5% higher grades increasing the 22 cents NPV by 6 cents, and to the gold price, being almost 1 cent (actually 0.8 cents) per $10 /oz change in the gold price.

To see Keith's research, please click on the following link:
http://media.abnnewswire.net/media/en/docs/75157-Eagle+Research.pdf

Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com

Blackham Resources Limited (ASX:BLK) Notice of General Meeting/Proxy Form

newsroom@abnnewswire.net — Thu, 2 May 2013 08:26:34 GMT

Blackham Resources Limited (ASX:BLK) advise that Notice of a General Meeting is given including the Agenda.

TIME: 9:30am (WST)
DATE: 6 June 2013
PLACE: The Celtic Club
48 Ord Street
WEST PERTH WA 6005

To view the Agenda, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-634369.pdf

Blackham Resources Limited
T: +61-8-9322-6418
F: +61-8-9322-6398
WWW: www.blackhamresources.com.au