Paramount Mining Corporation Limited (ASX:PCP
) has signed a comprehensive Memorandum of Understanding (MoU) with PT Antam (Persero) Tbk (ASX:ATM
), whereby both parties will identify prospective coal mining and related infrastructure projects in Indonesia that are suitable for joint venture projects. Paramount's involvement starts from exploration project identification, to development of mining operations and associated infrastructure, through to coal market development and sales.
Genesis Minerals Limited (ASX:GMD
) is to raise A$1.845 million through a placement of 9.225 million fully paid ordinary shares to sophisticated investors at A$0.20 per share. The proceeds will be used for exploration and evaluation of the Dinamarquesa Gold-Copper Project and the Cerro Blanco Gold-Copper-Silver Project in Chile. Recent drilling from the Dinamarquesa Project has reported very high grade gold intersections including 2m at 102.8 g/t gold. A 5,000m drilling program will commence at the Dinamarquesa Project in early May 2011.
Aphrodite Gold Project (ASX:AQQ
) announced an upgraded resource at the Aphrodite Gold Project in Western Australia. The resource estimate now stands at 10.06 Mt Indicated and Inferred (JORC) Mineral Resource containing 1,033,000 ounces gold averaging 3.19 g/t Au. A 30,000m drilling program is now underway. The Project is expected to start production over the next two years.
Avalon Minerals Limited (ASX:AVI
) announced that on-going exploration at its 100%-owned Viscaria Copper-Iron Project in Northern Sweden has reported a series of outstanding results from the D Zone. Grades of up to 1.9% Cu and 42% Fe were returned. The drilling program is designed to upgrade the current mineral resource at D Zone of 9.0Mt at 0.6% Cu and 27% Fe to the Measured and Indicated category. Test results indicate that the magnetite mineralisation within the D Zone can produce high grade iron concentrate.
Sihayo Gold Limited (ASX:SIH) Update On Definitive Feasibility Study For Sihayo Pungkut Gold Project
Asian Activities Report for May 2, 2011: East Energy Resources (ASX:EER) Announce Maiden JORC Indicated Resource At Blackall Coal Project
Australian Market Report of January 28, 2011: Liquefied Natural Gas Limited (ASX:LNG) Form Strategic Partnership With China Huanqiu Contracting And Engineering Corporation
Minotaur Exploration Limited (ASX:MEP) Scotia Tenements Purchased From Breakaway
Minotaur Exploration Limited (ASX:MEP) Acquires Scotia Tenements from Breakaway
Asian Activities Report for October 25, 2011: Transit Holdings (ASX:TRH) Commences Drilling on Paradox Basin Potash Project in USA
Asian Activities Report for September 27, 2011: General Mining Corporation (ASX:GMM) to Acquire a New Mongolian Project for Coal Exploration
Asian Activities Report for September 14, 2011: Aphrodite Gold (ASX:AQQ) Report Positive Metallurgical Results
Asian Activities Report for August 30, 2011: Northern Manganese (ASX:NTM) Engages Research on Seafloor Mining
Asian Activities Report for May 9, 2011: Intrepid Mines (ASX:IAU) Increase Porphyry Copper-Gold Resource Estimate At Tujuh Bukit Project To 990Mt
Australian Market Report of January 10, 2011: Strzelecki (ASX:STZ) Granted Copper Exploration Licence in Poland
FINANCE VIDEO: Avalon Minerals (ASX:AVI) GM Andrew Munckton Speaks at RIU Resources Round-up in Sydney, May 2010
Paramount Mining Corporation Limited
Genesis Minerals Limited
Avalon Minerals Limited
Aphrodite Gold Limited
Aneka Tambang (Persero) TBK (PT)