Bid to acquire Indochine assets

INDOCHINE Mining has signed a Heads of Agreement with Capital Mining to sell a majority interest in its Cambodian gold exploration assets. Although the due diligence on the proposed sale has progressed significantly, Indochine says the transaction is taking longer to complete than originally envisaged.

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Majestic reviews Songjiagou operation

MAJESTIC Gold Corp will refine its mine pit plan at the Songjiagou Gold Project in Yantai in a bid to enhance overall production. The company will use continuous sampling from blast hole cuttings to provide better control of material going to the mill, which it is hoped will result in an increased grade.

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Silvercorp drilling extends mineralization

UNDERGROUND diamond drilling at Silvercorp Metals’ LM and LMW mines in the Ying Mining District of Henan province has significantly extended existing high grade mineralization zones, both down dip and along strike, and delineated new mineralization zones in known major vein structures.

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