SBM 0.00% 46.0¢ st barbara limited

st barbara, page-6

  1. 20 Posts.
    Have a read Mercator article in "Resource Stocks" Magazine for Sept/October - pages 26 & 27.

    As for Mercator Gold announcements go onto the London Stock Exchange site and search for them and announcements. refer http://www.londonstockexchange.com/en-gb/

    See below posting.....


    Company Mercator Gold PLC
    TIDM MCR
    Headline Drilling Report
    Released 13:31 20-Oct-04
    Number 2836E



    RNS Number:2836E
    Mercator Gold PLC
    20 October 2004


    PRESS RELEASE

    MERCATOR GOLD PLC

    ANNEAN JOINT VENTURE - DRILLING TO COMMENCE AT YALOGINDA

    LONDON - 20 October 2004 - Mercator Gold plc ("AIM-MCR") as operator of the
    Annean Joint Venture is pleased to announce that drilling rigs have been
    mobilised for commencement of a 10,000m reverse circulation and rotary air blast
    drilling program on three gold exploration targets in the Yaloginda region.

    The Yaloginda drilling represents the first of five gold targets to be drilled
    by Mercator before the end of the year within the 1,020 sq km Annean Joint
    Venture area in the Meekatharra region of Western Australia.

    Using SpaDiS (TM) technology, Mercator has reviewed the previous exploration and
    production data from the Yaloginda area, where more than 1,000,000 ounces of
    gold was mined previously from 18 surface oxide deposits in a 15km by 2km
    mineralised zone.

    The initial drilling at Yaloginda targets high-grade shoots below and along
    strike from the previously mined oxide resources, which have been chosen by
    Mercator for their capacity to host ore bodies containing at least 500,000
    ounces of gold. Assay results from the drilling should be available within eight
    weeks.

    Mercator operates a continuous disclosure policy with respect to exploration
    results. Company news releases are based on technical information approved by
    the Company's Exploration Director, Julian Vearncombe BSc (Hons), PhD, FGS,
    RPGeo, FAIG.

    For further information, please contact:

    Mercator Gold plc
    Patrick Harford, Managing Director Tel: +44 (0) 7786 486645
    Terry Strapp, Chairman Tel: +61 (0) 9322 7422

    Beaumont Cornish Limited
    Rod Venables / Roland Cornish Tel: +44 (0) 7628 3396

    Phillip Securities UK Limited
    Nick Bealer Tel: +44 (0) 20 7553 8281

    Parkgreen Communications
    Justine Howarth / Ana Ribeiro Tel: +44 (0) 20 7493 3713



    Note to editors

    Mercator Gold plc ("AIM-MCR") which joined AIM on 8 October 2004 has, through
    its wholly owned subsidiary, Aurogenic Resources Pty Ltd, a joint venture
    agreement with St Barbara Mines Limited (" the Annean Joint Venture") to explore
    for economic gold resources in the Annean Joint Venture area in the Meekatharra
    region of Western Australia.

    Under the terms of the Annean Joint Venture, Mercator has the right to earn a
    70% interest in the Meekatharra properties by spending AUD$8 million (approx.
    GBP£3.1 million) on exploration.



    This information is provided by RNS
    The company news service from the London Stock Exchange





 
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