PNG Gold scales down

PNG Gold expects to continue scaling down both operating and head office costs for the remainder of 2013 and into 2014 until plans for the next phase of exploration is finalized.

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Foyson to relinquish tenements

The Board of Foyson Resources has decided to relinquish its tenements at Golden Peak and North New Britain, and not progress with its exploration licence at Manus Island. This leaves the prime copper/gold focus on the South New Britain Atui porphyry deposit and the New Ireland copper/gold exploration licence applications.

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