Vector Resources Limited (ASX:VEC) is pleased to announce that it is in a position to update the market on the current status of the company's Gwendolyn near term production strategy.
Cazaly Resources Limited
Blackham Resources Limited (ASX:BLK) is delighted to appoint Mr Greg Miles to the position of Executive Director, specifically to provide technical expertise in gold exploration and development. This appointment follows Blackham's recent announcement to acquire 100% of the Matilda and Williamson Gold Mines and the Regents, Carol Prior, Galaxy Gold Deposits in the Wiluna gold belt of Western Australia (Project).
Global Nickel Investments NL (ASX:GNI) are pleased to announce that the Company has successfully completed an interim capital raising of approximately A$600,000 by the issue of up to 24 million fully paid shares. This capital raising has been conducted in order to purchase equipment for the Company's up-and-coming drilling campaign at the Mt. Cornell copper project (90% owned Global Nickel and 10% Corazon Limited (ASX:CZN)), Jutson Rocks copper-gold-nickel project (75% Global Nickel and 25% Cazaly Resources Limited (ASX:CAZ)) and Mt. Venn nickel-copper and Volcanic Massive Sulphide ("VMS") target project (80% Global Nickel in joint venture with Platina Resources Limited (ASX:PGM) holding 20%).
Asian Activities Report for March 25, 2011: Frontier Resources (ASX:FNT) Discover A Large Scale Gold Mineralised System In Papua New Guinea
Asian Activities Report for March 25, 2011 includes: Frontier Resources Limited (ASX:FNT) discovered a very large scale gold mineralised system at Andewa Project in Papua New Guinea; Cazaly Resources Limited (ASX:CAZ) announced an upgraded iron ore mineral resource estimate for the Parker Range Iron Ore Project; Hemisphere Resources Limited (ASX:HEM) has identified the presence of high grade, low phosphorous hematite mineralisation at Yandicoogina South project; Uranex NL (ASX:UNX) will commence a 6,000m drilling program at the Mkuju Uranium Project in Southern Tanzania.
Dragon Energy Ltd (ASX:DLE) is pleased to announce significant assay results from 100% owned E69/2126-I, which is the eastern tenement of the Lee Steere Project in the Eastern Nabberu Basin, about 200km northeast of Wiluna.
Meteoric Resources NL (ASX:MEI) Prepares To Carry Out Aeromagnetic Surveys For Webb Iron-Oxide-Copper-Gold (IOCG) Project
As part of Meteoric Resources' (ASX:MEI) ongoing assessment of iron oxide-copper-gold (IOCG) targets in the Webb area of the West Arunta region of WA, Meteoric is preparing to carry out detailed airborne magnetic surveys on several of these target areas. The aeromagnetic surveys, which are subject to permitting processes normal for aboriginal reserves, together with gravity surveys, will be used to define drilling targets on several IOCG prospects.
The Australian share market declined on Wednesday as miners were lowered on China's move to tighten monetary policy, which hit commodities prices. At the close, the benchmark S&P/ASX200 index fell 31.4 points, or 0.6 per cent, at 4868.1, while the broader All Ordinaries index retreated 31.5 points, or 0.6 per cent, to 4900.1.
The US market fell into mood swings and closed in the red last week. On Friday, the disappointing sales by BlackBerry maker Research In Motion dragged the technology companies lower. For the week, the Dow index lost 155 points, or 1.58 per cent. This week the market will be tested by crucial data including September non-farm payrolls, final second-quarter gross domestic product and several other big economic reports.
The Australian shares closed marginally higher on Wednesday despite weak lead from Wall Street and steep quarterly contraction in Japan. The resources stocks were higher on stronger commodities prices. The benchmark S&P/ASX200 was up 7.3 points, or 0.19 per cent, at 3824.6, while the broader All Ordinaries gained 8.3 points, or 0.22 per cent, to 3808.9. Investors are expecting some pullback in recent trading sessions and seeking more fund raisings at discount on the market.
Northern Mining Limited (ASX:NMI) Completes A Revised Farm-In Agreement With Cazaly Resources (ASX:CAZ) For East Kalgoorlie Gold Project
Northern Mining Limited (ASX:NMI) is pleased to announce the completion of negotiations with Cazaly Resources Ltd (ASX:CAZ) and Balagundi Gold Pty Ltd (BGPL) for a revised Farm-In Agreement over the East Kalgoorlie Project (Project) to include BGPL as a Farminor.