View in Other Languages Australian Market Report of November 12, 2010: Minotaur Exploration (ASX:MEP) Reports Maiden Gold Resource of 70,500 Ounces at Golden Mountain 2010年11月12日澳洲股市:Minotaur Exploration (ASX:MEP)报告金山项目70,500盎司初始黄金资源量 2010년 11월12일 호주 시장보고서: Minotaur Exploration (ASX:MEP), Golden Mountain 70,500온스 금 확인 Australischer Marktbericht vom 12 November 2010: Minotaur Exploration (ASX:MEP) berichtet von einer jungfräulichen Goldressource von 70.500 Unzen am Golden Mountain オーストラリア市場レポート 2010年11月12日: Minotaur Exploration (ASX:MEP) が Golden Mountain での初回金資源量70,500オンスを報告 Informe del Mercado Australiano del 12 De Noviembre de 2010: Minotaur Exploration (ASX:MEP) Informe de Recursos Originales de Oro de 70.500 Onzas en Golden Mountain تقرير السوق الاسترالية ليوم 12 تشرين الثاني/نوفمبر، 2010: اعلنت شركة Minotaur Exploration ASX:MEP عن العثور على احتياطي جديد من الذهب يقدر بحوالي 70,500 اونس في جولدن ماونتن Golden Mountain 2010年11月12日澳洲股市:Minotaur Exploration (ASX:MEP)報告金山項目70,500盎司初始黃金資源量 
Australian Market Report of November 12, 2010: Minotaur Exploration (ASX:MEP) Reports Maiden Gold Resource of 70,500 Ounces at Golden Mountain
Australian Market Report of November 12, 2010: Minotaur Exploration (ASX:MEP) Reports Maiden Gold Resource of 70,500 Ounces at Golden Mountain

Sydney, Nov 12, 2010 AEST (ABN Newswire) - Minotaur Exploration Limited (googlechartASX:MEP) recently entered into an agreement with Mining Projects Group Limited (googlechartASX:MPJ) to explore the Golden Mountain project and the Mt Tarrengower gold prospect in Victoria. A JORC resource estimate of 950,000 tonnes at 2.31g/t totaling 70,500 ounces of gold was reported at the Golden Mountain project. Minotaur has already commenced a diamond drill programme at the Mt Tarrengower gold prospect near Maldon where historically about 68,000 ounces of gold was produced.

Bailey Mineral NL (googlechartASX:BAA) has reached an agreement to acquire the Condoto Platinum Project to explore for platinum in the Condoto region of Colombia. Colombia was a historically major global producer of platinum for nearly 200 years. In the period leading up to World War 2, the Condoto region was the source of a majority of the world's platinum production. This predated the development of the major mines on the South African Bushveld Complex, Zimbabwe and Russia along with the more recent developments by a number of nickel producers where the platinum is produced as a by-product.

Southern Cross Goldfields Limited (googlechartASX:SXG) has received assay results from the remaining three target areas tested as part of initial reconnaissance Reverse Circulation drilling at the Johnston Range Iron Targets, part of its 100%-owned Marda Project in the Central Yilgarn Mineral Province of Western Australia. The drilling has intersected further iron-rich units with best intersections of 3m at 53.2% Fe and 13m at 43.3% Fe. The results have highlighted the tenements' potential for both high-grade hematite and magnetite mineralisation.

Cape Lambert Resources Limited (googlechartASX:CFE) continues to advance its 100% owned Marampa Iron Ore Project in Sierra Leone, West Africa towards a possible late 2012 production start-up. The project has a maiden JORC compliant Inferred Mineral Resource of 197 million tonnes at 28.5% Fe. The company has five rigs drilling at site and will finalise a scoping study looking at a proposed initial development rate of 2-5Mtpa from late 2012.

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