Blackgold International Holdings Limited (ASX:BGG
) has entered into Heads of Agreement to acquire a 100% interest in Chongqing Yihua Mining Company Ltd, which is the owner of the WuShan Coal Mine in Chongqing, China for a consideration of RMB 80 million. WuShan Coal Mine is a highly developed, pre-production, thermal coal mine located within 20 kilometers of Blackgold's existing operations. Blackgold anticipates that commercial coal production may commence immediately once machinery and equipment are installed and commissioned and expects that this could occur within 4 months of completion of the acquisition.
Uranex NL (ASX:UNX
) has identified a further 69 km of uranium anomalies within its 100% owned Mkuju Uranium Project in Southern Tanzania. Multiple mineralised intersections were reported at the Likuyu North Prospect with significant intersections including 10.5m at 1,124ppm U3O8 and 13m at 614ppm U3O8. Drilling is being planned in March at these additional prospects.
Brumby Resources Limited (ASX:BMY
) reported more significant manganese mineralisation from the recently completed Stage 2 drilling programme at its 100% owned Oakover Manganese Project in Western Australia's East Pilbara Manganese Province. Drilling on six of the nine prospects at Oakover shows manganese mineralisation is of considerable thickness, at greater than 10% Mn, within 50m of the surface and open in one or more directions. An aggressive exploration program is planned at Oakove during 2011.
Australian-American Mining Corporation Limited (ASX:AIW
) will commence drilling at its Rio Puerco uranium project in New Mexico within the next two weeks. The drilling programme is designed to increase the current JORC Inferred resource of 11.4 million pounds at 0.09% U3O8. The company will also commence drilling at South Texas uranium project. In addition to its uranium projects, the Company has acquired San Marcos gold project in Arizona, where high grade gold assays including 98.2 g/t, 52.9 g/t, 26.28 g/t, and 17.44 g/t were reported.
Australian Market Report of October 1, 2010: Australian-American Mining (ASX:AIW) Potentially Large Rare Earth/Specialist Metal Discovery In US
Asian Activities Report for September 23, 2011: Redstone Resources (ASX:RDS) Report Significant Drilling Results from Tollu Copper Nickel Project
Asian Activities Report for April 29, 2011: MUI Corporation Limited (ASX:MUI) To Acquire Coal Project Licence In Inner Mongolia
Volt Resources Ltd (ASX:VRC) Preliminary Results Show High Grade, Jumbo Flake Size Graphite
Asian Activities Report for November 8, 2011: Stanmore Coal (ASX:SMR) Completed Pre-Feasibility Study for the Range Coal Project in Queensland
Asian Activities Report for October 26, 2011: Enterprise Metals (ASX:ENT) Applies for Five Uranium Exploration Licences in Western Australia
Asian Activities Report for May 18, 2011: Australia Minerals And Mining Group (ASX:AKA) Announce Constance Range Iron Ore Alliance In Queensland
Asian Activities Report for April 7, 2011: Uranex NL (ASX:UNX) Commence Exploration At Songea Coal Project In Tanzania
Asian Activities Report for March 25, 2011: Frontier Resources (ASX:FNT) Discover A Large Scale Gold Mineralised System In Papua New Guinea
Marindi Metals Ltd
Magnis Resources Ltd
Blackgold International Holdings Limited
Australian-American Mining Corporation