PHILIPPINES - Bonanza find at Lobo prospect

Red Mountain Mining has made a new bonanza high grade gold discovery of 2.6 metres at 28.6 grams/tonne from trenching at the Lobo prospect of its Batangas Gold Project in southern Luzon.

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INDIA - Drilling starts at Ganajur Gold Project

Deccan Gold Mines has commenced drilling at the Ganajur-Karajgi block in Karnataka. The block is part of the Ganajur Gold Project which Deccan says comprises at least 308,000 ounces of gold deposits.

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NEPAL - Chinese firms aim to revive plant

Chinese firms Chenhui Minerals Ltd and South China Mining Energy Company, which had previously applied to operate an ailing state-owned enterprise, have committed to inject about 2 billion Nepalese rupees (about US$20 million) each to run the factory.

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PAPUA NEW GUINEA - Mt Kare landowner study news completion

Indochine Mining is close to completing the key Landowner Investigation Study (LIS) at its Mt Kare Gold Project. This requires a ground survey of the location of the land boundaries amongst the clans identified in the LIS and will be included in the final submission of the Landowner Investigation Report.

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