Asian Activities Report for August 16, 2011: Insurance Australia Group (ASX:IAG) Makes Strategic Investment in a Chinese General Insurer
Empire Resources Limited (ASX:ERL) reported high grade copper intersections of up to 19 metres at 1.85% from the A Zone prospect within the Company's wholly owned Yuinmery copper-gold project in Western Australia. The A Zone prospect lies 1.3 km north of Empire's flagship Just Desserts prospect where the Company has defined a JORC Indicated and Inferred resource of 1,070,000 tonnes at 1.82% copper and 0.78g/t gold. Drilling is continuing at A Zone to test a number of other promising targets in the area.
BrightStar Resources Limited (ASX:BUT) today announced results from its first pass exploration drilling at the 520,000oz Miyabi Gold Project in Tanzania. Drilling has extended the current gold mineralisation and identified a new gold mineralisation which is open to the east and west. Follow-up RC drilling is planned to test the mineralisation at depth.
Intrepid Mines Limited (ASX:IAU) reported further encouraging gold and copper assay results from the on-going drilling program at the copper-gold zone of the Tujuh Bukit Project in Indonesia. Results included 96 meters at 0.90 g/t gold and 1.15% copper, delivering grades significantly greater than the project's resource grade. The company will commence follow-up work to further test the intercepts.
Insurance Australia Group Limited
Empire Resources Limited
BrightStar Resources Limited
AIC Mines Ltd