MONGOLIA - Thick zones intersected at Oyut Ulaan

A reconnaissance drilling program by Xanadu Mines at the Oyut Ulaan Copper-Gold Project in the South Gobi region has intersected thick zones of gold-rich porphyry copper mineralization. Xanadu has also entered into definitive documents to complete the acquisition of Oyut Ulaan from Temujin Mining Corp.  1

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NEW ZEALAND - New drilling program at WKP

After three months of drought in New Zealand interrupted drilling, Glass Earth Gold has started its 2013 diamond drill program at WKP Gold-Silver Project in the Hauraki Region of North Island. WKP is a joint venture between Glass Earth and Newmont, which operates the nearby Martha Hill mine.

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NICKEL - DNI test plant opens doors

Western Australian Minister for Mines, Petroleum and Housing Bill Marmion has officially opened Direct Nickel Limited’s new test plant at the CSIRO Australian Minerals Research Centre in Perth. Direct Nickel has developed a revolutionary hydrometallurgical process for treating nickel laterites called the DNi Process, which is designed to treat limonitic and saprolitic ores in a single flowsheet.

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PAPUA NEW GUINEA - Funds for Mt Kare drilling

Indochine Mining has raised Aus$3.9 million via a private placement with existing institutional and sophisticated investors. The funds will be used for focused drilling of high grade ‘bonanza’ gold zones at the Mt Kare Gold-Silver Project in PNG, as well as working capital.

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