Asian Activities Report for June 21, 2011: AusQuest Limited (ASX:AQD) Report Further High Grade Gold Results in Burkina Faso

Major Asian markets all opened in green this morning. The S&P/ASX 200 soared 1.16% to 4503.4 in early trade. Nikkei 225 jumped 0.62% to 9,412.27. Hang Seng Index rose 0.75% to 21761.12, while Shanghai Composite gained 0.46% to 2635.59.

Companies

AusQuest Limited (ASX:AQD) reported further high-grade gold results from its Comoe Joint Venture in Burkina Faso. Latest drilling has confirmed the presence of high gold grades at depth at Phaco Hill, returning 6m at 8.5g/t Au and 3m at 9.66g/t Au. The Company will continue diamond drilling at the Phaco Hill prospect until early July.

PMI Gold Corporation (CVE:PMV) (ASX:PVM) has appointed several leading international engineering and consultancy companies as key technical advisors to the pre-feasibility study on its 100%-owned Obotan Gold Project in Ghana. The appointment of this world class pre-feasibility study team ensures that PMI Gold remains on track for a resource upgrade at its Obotan Gold Project in September 2011 and release of its Obotan Gold Project pre-feasibility study in December 2011.

Consolidated Tin Mines (ASX:CSD) announced positive results from its Mt Garnet tin project in northern Queensland. Drilling has intersected significant sections of near-surface tin mineralisation, and provided further confirmation that the project has the potential to increase the current total JORC Resource of 7.3Mt at 0.60% Sn.

Zenith Minerals Limited (ASX:ZNC) said today that drilling at the Kerbar copper/zinc prospect has extended the mineralisation to 400 metres strike. Further drilling will commence at the Kerbar prospect to target massive zones below the current mineralisation.


Related Companies

Zenith Minerals Limited
           

PMI Gold Corporation
    

Consolidated Tin Mines Limited
            

Ausquest Limited