Cougar Energy has secured US$1 million in funding from Singapore-based private investor Twinkle Woods Ltd for general working capital. Cougar, which is changing its name to Moreton Resources, has drawn down the first US$850,000 from the loan.
Orsu Metals, a London-based precious and base metals explorer and developer has entered into a joint venture (JV) with Asem Tas-N LLC to explore the Balkhash project through 2013. The agreement replaces an exclusivity agreement announced on April 22, which replaced the original exclusivity agreement of November 2012.
Alhambra Resources has received assay results for three diamond drill holes completed in 2012 at its Shirotnaia Gold Project in Kazakhstan, including a high grade intersection of 10.1 metres @ 14.71 grams/tonne gold within a 33.4 metres intersection that yielded a weighted average grade of 4.75 grams/tonne.
The partial restart of Central Asia Resources’ Dalabai Gold Project has proceeded on schedule with the first delivery of cathode gold on September 27 containing 283 ounces of gold and 669 ounces of silver.