View in Other Languages Australian Market Report of November 17, 2010: Lachlan Star (ASX:LSA) Acquired Operating Gold Mine in Chile 2010年11月17日澳洲股市:Lachlan Star (ASX:LSA)收购智利运营金矿 Laporan Pasar Australia November 17, 2010: Lachlan Star (ASX:LSA) Mengakuisisi Tambang Emas di Cili Australischer Marktbericht vom 17. November 2010: Lachlan Star (ASX:LSA) übernimmt in Betrieb befindliche Goldmine in Chile 2010년 11월17일 호주 시장보고서: Lachlan Star (ASX:LSA), 칠레 금광 인수 Informe del Mercado Australiano del 17 de Noviembre de 2010: Lachlan Star (ASX:LSA) Ha Adquirido una Mina de Oro en Funcionamiento en Chile オーストラリア市場レポート 2010年11月17日: Lachlan Star (ASX:LSA) がチリにある操業中の金鉱山を買収 تقرير السوق الاسترالية ليوم 17 تشرين الثاني/نوفمبر، 2010: استملكت شركة Lachlan Star ASX:LSA منجما عاملا لاستخراج الذهب في تشيلي. 2010年11月17日澳洲股市:Lachlan Star (ASX:LSA)收購智利運營金礦 
Australian Market Report of November 17, 2010: Lachlan Star (ASX:LSA) Acquired Operating Gold Mine in Chile
Australian Market Report of November 17, 2010: Lachlan Star (ASX:LSA) Acquired Operating Gold Mine in Chile

Sydney, Nov 17, 2010 AEST (ABN Newswire) - Lachlan Star Limited (googlechartASX:LSA) has signed a binding agreement to acquire 100% of the Compañía Minera Dayton Project in Chile. The Project is an operating open pit gold mine that commenced production in 1995 and has produced approximately 830,000 ounces of gold since operations commenced. The acquired assets include existing unhedged gold production of circa 40,000 to 50,000 ounces per annum with incumbent management. Potential exploration targets for the known mineralisation range between 53.3 Mt grading 0.65 g/t Au to 79.8 Mt grading 0.68 g/t Au containing between 1.1 million and 1.7 million ounces of gold.

Azimuth Resources Limited (googlechartASX:AZH) announced results of the first three reverse circulation holes drilled at the Hicks prospect located on the Company's West Omai Gold Project, Guyana, South America. These are the first holes drilled as part of an 8,000 metre resource definition drilling program to define a maiden JORC code compliant resource at the Hicks prospect. Drilling intersects high grade gold mineralisation including 30m @ 7.68g/t gold. The Company has acquired drilling rigs and support equipment to expedite drilling and complete the 8,000 metre program, prior to drill testing other prospects within the West Omai Project Area.

Arc Exploration Limited (googlechartASX:ARX) reported encouraging gold results at the Soro Prospect located near the centre the Bima Exploration IUP in Indonesia. Results highlight a 400m x 600m gold-in-soil anomaly. Fifteen soil samples within this anomaly have returned highly elevated gold results ranging from 0.14 to 0.75 ppm Au, highlighting a new potentially large gold target. Further surface work is in progress to confirm this new target and drilling will start early next year.

Corvette Resources Limited (googlechartASX:CVX) announced a massive expansion in West African gold exploration through the signing of an Earn-In agreement with Cape Lambert Resources Limited (googlechartASX:CFE) giving Corvette the right to earn up to 80% interest in 5 large exploration projects covering an area in excess of 9,900km2 in Côte d'Ivoire, West Africa. The projects comprise 11 granted Exploration licences that allow exploration drilling as well as surface geochemical sampling. The company will explore with a range of drilling, geochemical and mapping programmes to commence as soon as possible.


Asia Business News
Tel: +61-2-9247-4344

ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 7) (Last 30 Days: 51) (Since Published: 13523) 

View in Other Languages 13523127071103810994107479984993291769061 (97162)