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Asian Activities Report for June 14, 2011: GBM Resources (ASX:GBZ) Report Significant Results From The Milo Iron Oxide Copper Gold Prospect
Asian Activities Report for June 14, 2011: GBM Resources (ASX:GBZ) Report Significant Results From The Milo Iron Oxide Copper Gold Prospect
Sydney, June 14, 2011 AEST (ABN Newswire) - Major Asian markets had a mixed opening. The Australian market opened lower with the S&P/ASX 200 down 0.41% to 4543.3 in midday. Nikkei 225 rose 0.16% to 9,463.18. Hang Seng Index lost 0.23% to 22455.72, while Shanghai Composite jumped 0.65% to 2717.80 in the opening trade.

Companies

GBM Resources Limited (ASX:GBZ) reported significant results of copper, gold, silver, cobalt, molybdenum and uranium from the Milo Prospect at Brightlands Copper Gold Project in North-West Queensland. The company is currently progressing a ten-hole diamond drilling program on the Milo Prospect to provide the basis for a preliminary feasibility study in 2012.

Kidman Resources Limited (ASX:KDR) has received further copper results from the Phase 3 drilling program at Blind Calf in central NSW. The Phase 3 program has confirmed and extended the earlier discoveries of copper mineralisation at Blind Calf and will better understand the extent of the copper mineralisation.

African Iron Limited (ASX:AKI) will mobilise two additional drill rigs during June 2011 to accelerate the resource definition drilling at the Mayoko iron ore project in Congo, West Africa. With the two additional drill rigs, there will be a total of five drill rigs working at Mayoko. The increased rate of drilling will allow the Company to make maximum use of the upcoming dry season.

Dampier Gold Limited (ASX:DAU) received further impressive results from recent RC holes completed at Cinnamon, K1 and Keillor East gold deposits. Drilling is currently underway to complete an additional 14 holes at Cinnamon to follow up on the recent gold intercepts. The Company plans to commence further drilling at priority targets.

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Related Companies

Kidman Resources Limited          
GBM Resources Limited       
Dampier Gold Limited             
African Iron Limited           

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