Step-out drilling north of the Midfield Zone at Erdene Resource Development Corp’s Bayan Khundii Gold Project in southwest Mongolia has extended gold mineralisation a further 280 metres towards the Northeast Zone. The Bayan Khundii strike now exceeds 1.3km and is up to 450 metres wide.
Chaarat Gold Holdings has strengthened its management team at its Tulkubash Gold Project in the Kyrgyz Republic. The company remains on schedule to meet its ambitious production timeline.
Kincora Copper aims to raise up to C$6 million in a private placement with funds to be used to advance high priority drill ready targets in the under-explored Southern Gobi Devonian copper gold belt of Mongolia. The company also proposes to drill earlier stage district scale prospects which have the potential to host multiple Tier one assets.
Nusantara Resources is seeking to raise at least A$15 million in a proposed IPO on the ASX with the majority of funds to be used to advance the Awak Mas Gold Project in Sulawesi, Indonesia. Immediately prior to the offer One Asia Resources Ltd will undertake a demerged of Nusantara, which owns 100% of Awak Mas.