Asian Activities Report for May 5, 2011: Cape Alumina (ASX:CBX) Achieve Major Milestone At Bauxite Hills Project
Aphrodite Gold Limited (ASX:AQQ) today announced further significant high grade results from its flagship Aphrodite Gold Project in Western Australia. The Project hosts a combined indicated and inferred mineral resource of 10.06Mt averaging 3.19g/t gold for 1.03 million ounces of gold. Drilling will continue to the 3Q 2011 for a resource upgrade and the Scoping Study will commence in the second half of the year.
Mozambi Coal Limited (ASX:MOZ) has commenced a 2,000 metre initial drilling programme on its Tete West project, located in an emerging and highly prospective coal region in Mozambique. On completion of the drilling at Tete West, the Company expects to drill approximately 1,000 metre on the northern section of the Muturara Project. Environmental Approvals for drilling on both Projects have been received from the Department of the Environment of Mozambique.
Kibaran Nickel Limited (ASX:KNL) has commenced the initial diamond drilling program at the Kagera Nickel project in Tanzania. Two high-priority targets will be drilled in this 3000 meter drilling program. The highly prospective Kagera Nickel project is adjacent to the Kabanga Nickel Project, one of the world's largest undeveloped, high grade nickel sulphide deposit.
Volt Resources Ltd
Kibaran Resources Ltd
Cape Alumina Limited
Aphrodite Gold Limited