Australian Market Report of December 8, 2010: Aston Resources (ASX:AZT) and ITOCHU (TYO:8001) To Establish Maules Creek Coal Joint Venture
Eldorado Gold Corporation (TSE:ELD) (NYSE:EGO) (ASX:EAU) updated its White Mountain Exploration program in China. Six diamond holes were successful in intersecting breccias similar to those which host gold mineralization at White Mountain and two contain significant gold values including 24.7 metres (20.5m true thickness) of 8.7 g/t gold approximately 300 metres down-dip from the current resource. This new discovery remains open along strike and down-dip.
Golden Rim Resources Limited (ASX:GMR) has received positive assays from the Falun Project in Sweden, indicating a continuation of strong gold mineralisation at depth. The new assays returned high grade results with gold up to 43 g/t, copper up to 2.24%, bismuth up to 2.4%, and selenium up to 0.425%. The company is currently working on the first resource estimate for the Eastern Copper Gold Zone at Falun.
Uranex NL (ASX:UNX) announced a high grade primary uranium discovery at the Likuyu North Prospect, part of its 100% owned Mkuju Project, in southern Tanzania. Core samples returned a peak intersection of 10m at 1,038 ppm U3O8 at a depth of 75m. Current drilling will be completed in mid-December and further drilling programs are planned for February 2011.
Magnis Resources Ltd
Golden Rim Resources Ltd
Eldorado Gold Corporation
Aston Resources Limited