A new gold zone has been discovered at White Cliff Minerals’ 90%-owned Aucu Gold Project in northwest Kyrgyz Republic. The new zone is adjacent to three zones identified at the Eastern Gold Zone in 2016.
Aspire Mining has finalised a restructure of its balance sheet by raising a total of A$3.7 million. This comes at a time when the company has moved to a 90% interest in the Nuurstei Coking Coal Project in Mongolia.
Coal reserves at BlackGold Natural Resources’ PT Samantaka Batubara (SB) Concession in Riau, Indonesia, have increased by 227% while resources have increased 150% compared to the August 2016 figures. The company aims to support Indonesia’s rapidly growing power plant industry.
Lionsgold Limited says preliminary results from a feasibility study for Jonnagiri Gold Project in India show that the project has the potential to be an economically robust mine. The project is owned by Geomysore Services India in which Lionsgold holds a 21.15% interest.