Enterprise Metals (ASX: ENT) has intersected zones of disseminated gold sulphides in initial scout reverse circulation drilling to test the primary zone below and to the southwest of the Vulcan oxide gold/base metal target.
Interestingly, Enterprise believes that the previous gold and anomalous base metals intersections in the oxide zone (and now in the primary zone) are likely to be caused by relatively narrow veins of quartz-sulphide carrying gold and anomalous base metals.
This is over the 150 metres of strike at Vulcan tested by holes VRC001-005. ---------------------------
Talisman Mining (ASX:TLM) has identified two new high priority targets that could potentially host copper-gold mineralisation within the Southern Volcanics at Springfield project in Western Australia.
The two new high priority prospects, the Kink and the Wedge, were identified after a review process that comprised technical review of exploration data from the past three years of exploration at Springfield. ----------------------------
OceanaGold (ASX:OGC) is on track with the commissioning of the Didipio gold mine in the Philippines with the ramp up of the processing plant underway.
To date, about 2,500 tonnes of copper-gold concentrate has been delivered to port and in excess of an additional 2,500 tonnes has been produced. ----------------------------
Golden Deeps (ASX: GED) has intersected further high grade copper from drilling and identified further electromagnetic anomalies to the south of known mineralisation at its Deblin Copper Mine in Namibia.
Reverse circulation drilling has intersected a top result of 7 metres at 2.15% copper and 1.5 grams per tonne gold from 71 metres including 2 metres at 4.12% copper and 3g/t gold from 74 metres. -------------------------------
Monadelphous Group (ASX: MND) has added a A$260 million iron ore construction contract for Rio Tinto’s (ASX: RIO) Western Turner Brockman Project in Western Australia’s Pilbara region to its order book.
The contract is for the supply and installation of structural, mechanical, piping, electrical and instrumentation works for the construction of the Western Turner Brockman iron ore plant. -------------------------------
Wild Acres Metals (ASX:WAC) has booked JORC compliant a maiden global mineral resource of 97,037 ounces of gold at its Mt Ida project in Western Australia.
This maiden Mineral Resource estimate includes the Quinns Projects gold deposits of Matisse, Quinn Hills, Western lodes, Boudie Rat and Forrest Belle. The gold deposits included from the Mt Ida South Project are Spotted Dog (North and South) and Tim’s Find. More than half (53%) of this resource is in the Indicated category. -------------------------------
Newsat (ASX: NWT) is closed the US$611 million (A$597.8 million) funding for its Jabiru-1 satellite project after securing the equity and mezzanine components.
The funding is noteworthy as it is valued at more than five times the company’s market cap of $108.4 million.
Newsat has placed A$105 million in new shares priced at $0.40 each under a placement managed by Credit Suisse Australia and Baillieu Holst. ----------------------------
Carabella Resources (ASX:CLR) has defined 18.2 million tonnes of JORC compliant maiden PCI coal resource at its Bluff project in Queensland.
The total resource estimate has been defined comprising 6.6 million tonnes of indicated resources and 11.6 million tonnes of inferred resource.
Additionally, it has also identified an exploration target of 5-33 million tonnes. ----------------------------
Beach Energy (ASX: BPT) has brought out the big guns, signing on Chevron (NYSE: CVX) in as its partner in an agreement worth out to US$349 million (A$339 million) to carry out unconventional gas exploration in the Nappamerri Trough, Cooper Basin.
The U.S. supermajor will earn up to 60% of Beach’s interest in PEL 218 (Beach 100%) and ATP 855P (Beach 60%) over two stages in the next couple of years.
Icon Energy (ASX: ICN), which holds a 40% interest in ATP 855P has already consented to the deal and waived its pre-emptive rights.
This positions Beach for long-term appraisal and development of the Nappamerri Trough gas resources. -------------------------------
Benitec Biopharma (ASX: BLT) is preparing to raise capital, with the ASX granting the company a trading halt this morning - while placing its shares in pre-open.
Benitec is focused on unique patent protected long lasting gene silencing technology.
The halt will last until the earlier of an announcement being made by the market, or the opening of trade on Wednesday 27th February 2013. -------------------------------
Taruga Gold (ASX:TAR) has reaffirmed extensive gold anomalism at its Kossa project in Niger following auger geochemical and surface rock chip sampling that returned up to 1.46 grams per tonne gold.
Rock chip sampling retuned results of up to 3.64g/t gold from sampling in the Kossa-Borobon area.
The results also confirm historic soil geochemistry that previously returned assays up to 19.91g/t gold in untested anomaly in the Black Hills prospect and 13.63g/t gold at the Fatatako prospect -------------------------------
Tissue Therapies (ASX:TIP) is looking to raise up to $13.2 million that would provide funding to advance the commercialisation of its VitroGro ECM treatment for diabetic and venous ulcers.
It has completed a placement of A$8.7 million to professional and sophisticated investors and has announced a 1 for 10 non-renounceable rights issue to raise up to A$4.5 million.
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Voyager Resources' (ASX:VOR) early exploration at its Khul Morit copper deposit in Mongolia has returned significant intersections of ignimbrite and block ash tuff similar to those discovered above the ore zones of Rio Tinto's mammoth Oyu Tolgoi project.
The preliminary results are from the three drill holes completed in the current programme.
The ignimbrite/block ash tuff formation contains significant primary chalcopyrite with visible copper mineralisation in one of the drill holes. ----------------------------
Antipa Minerals (ASX:AZY) has identified three conductors following downhole electromagnetic survey as part of Phase I exploration, focusing on the recently discovered Calibre gold-copper-silver deposit at its Citadel project in Western Australia.
GEM GEM Geophysics downhole electromagnetic (DHEM) survey of Calibre drillhole 12AMD0032 identified three electromagnetic conductors situated within the stronger magnetic anomaly.
Two of the three conductors, combined, are compatible with the DHEM conductor modeling from 12AMD0029. The third conductor is interpreted as being intersected by 12ADM0032 within 15 metres of the end of the drillhole. -------------------------------
Bass Metals (ASX:BSM) will gain a new lease of life with a binding agreement to sell its Hellyer Tails Gold Resource, processing plant and Hellyer Mine Lease.
Privately held Ivy Resources Pty Ltd will pay $11,000,000 to Bass Metals, with a $600,000 first installment payment having already been paid to Bass Metals. -----------------------
Silver Mines (ASX: SVL) has been granted a trading halt by the ASX today pending the issue of a disclosure document in relation to the issue of new shares and new options and also to ameliorate secondary sale restrictions, pending an announcement by the company.
The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Wednesday 27 February. ---------------------------
this morning 26 Feb : =====================
New Age Exploration (ASX: NAE) has started searching for a partner to fund exploration and development of its Cesar Coal Project in Colombia.
The company said the decision was made due to the depth of the resource and associated exploration and development costs.
New Age has also revised the exploration target at its Cesar Coal Project in Colombia after carrying our further interpretation of seismic data. ----------------------
Octagonal Resources (ASX: ORS) has secured key exploration licences surrounding its Pearl Croydon Deposit which provide access to the majority of the historic Amherst and Maryborough goldfields in central Victoria.
EL5146 and EL5147, which were granted by Victoria’s Department of Primary Industries, are located within 50 kilometres – and viable cartage distance – of the Maldon Gold Processing Plant.
During 2011 Octagonal entered into a sale and purchase agreement with Fiddlers Creek Gold Mining Company to acquire 100% equity in EL5146 and EL5147.
Now that the tenements have been granted Octagonal has paid $15,000 to finalise the deal. --------------------
