Historic Busai holes return strong results

Assay results from the Busai deposit of Geopacific Resources’ Woodlark Gold Project in Papua New Guinea have revealed new, wide sections of continuous-grade gold mineralisation. The results are from a geotechnical diamond drill hole in 2008 designed to test the strength of the proposed pit wall and was consequently drilled oblique to the normal drilling direction.

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Centerra receives permits for Kumtor tailings

Centerra Gold has received the necessary permits from state authorities in the Kyrgyz Republic to raise the tailings dam at the Kumtor Gold Project to the 3674 metre elevation. The company will now begin a 3-year construction program for this project.

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Visible gold in Okalla West trenches

Trenching work by Angkor Gold Corp at the Okalla West exploration prospect in Cambodia has revealed visible gold. This discovery has prompted the company to expand the trenching program.

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Metal Tiger raises funds for Thai JV

Metal Tiger PLC has completed the pre-flotation financing of its new Thai mining joint venture which will be called Kemco. The financing with high net worth investors raised £514,000, payment of which will be triggered when the company lists on AIM.

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