MONGOLIA - Erdene raises exploration funds

Erdene Resource Development Corp has closed a non-brokered private placement financing which raised $685,520. Funds will be used for exploration of the company’s metal projects in Mongolia, including drilling at the Altan Nar Gold-Polymetallic Project.

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VIETNAM - Bong Mieu production set to resume

Dewatering of Besra Gold’s Bong Mieu gold mine in central Vietnam is advanced and mining operations are expected to recommence by the end of May. Operations have been suspended since November 2013 due to the impacts of several typhoons.

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PAPUA NEW GUINEA - High grade assays from Nakru-2

Coppermoly has received high grade copper assay results from two reconnaissance drill holes completed at its Nakru-2 prospect in West New Britain. The assays confirm copper mineralization observed in drill core and considerably enhance the prospects of a significant near-surface copper deposit.

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PAPUA NEW GUINEA - WCB funded for drill program

After receiving Aus$6 million from a private placement, WCB Resources can now rapidly move forward with a drill program on the Misima porphyry prospect, Misima Island. The company current has a 30% equity interest in the project with an option to acquire up to a 70% equity interest.

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