Essential Assets for September 23, 2014

September 23, 2014 06:54 AM

Excelsior Gold Limited advises that recent reverse circulation (RC) drilling at the Parkerville prospect within the Kalgoorlie North Gold Project has delineated further extensions to the gold mineralisation which will improve the potential development of a satellite open pit mining operation in the area.

Blackham Resources Ltd is pleased to announce the latest results received from drilling at the Matilda Gold Project in Western Australia. Blackham completed 8 RC holes for 1,280m at the Matilda Mining Centre. The Matilda drilling was designed to follow up on successful previous intercepts by testing the extensions of these down plunge with the aim of increasing the resources open pit limits and the M1 underground potential.

Rox Resources Limited is pleased to report initial drilling observations from the recently commenced diamond drilling program at the Teena zinc prospect, which forms part of the Reward project in the Northern Territory, has extended the drilled strike length of known mineralization to over 1.5 kilometres.

Legendary mining figure and former simultaneous chairman of Western Mining Corporation, Alcoa of Australia and Broken Hill Proprietary Company—Sir Arvi Parbo—has lent his support behind the International Mining and Resources Conference (IMARC). Parbo has declared that the IMARC event “enables experts from all over the world to gather here to exchange views and experiences on all aspects of the industry.”

Segue has received approval from the WA Department of Mines and Petroleum (DMP) for its maiden diamond and reverse circulation (RC) drilling programme at the E21 Target. The programme is designed to test four bedrock electromagnetic (EM) conductors which have been defined through both Moving Loop Electromagnetic (MLEM) and Fixed Loop Electromagnetic (FLEM) surveys. The four conductors are located around the northern edge of an interpreted intrusive complex which lies within tenement E39/1731.

Greenland Minerals and Energy Limited advise of the following board and management changes, as it transitions its business toward the development phase of the Company’s key asset, the Kvanefjeld rare earth‐uranium project in Greenland. Mr Roderick McIllree has resigned as managing director of the Company and Dr John Mair, a current and long standing executive director of the Company has been appointed by the board as the new managing director.

Finnair Cargo takes part in IATA’s Center of Excellence for Independent Validators in Pharmaceutical Handling programme (CEIV Pharma) – a joint pilot project organized by IATA and Brussels Airport, Finnair Cargo’s 2nd hub. This programme provides us with IATA’s Pharma certificate in the beginning of 2015 – as one of the two first airlines in the world.

Comstock Mining Inc., a producing, Nevada-based gold and silver mining company with extensive, contiguous property in the historic, world-class Comstock District, today announced that Corrado De Gasperis, President and CEO, will present at the Singular Research Ninth Annual Best of the Uncovereds Investment Conference. The conference is September 22, 2014, at the Luxe Hotel in Los Angeles, California.

The directors of Rox Resources Limited are pleased to advise the successful completion of a single tranche placement of approximately 104.6 million shares at $0.043 per share to raise $4.5 million (“Share Placement”) before costs.

Australia Minerals and Mining Group Limited is pleased to announce that it has selected the Meckering aluminous clay deposit as the key supply feedstock material for its HPA chemicals project. AMMG currently holds pending tenements over aluminous clay assets at Gibson (Esperance), Kerrigan (Hyden), Bobalong (Tambellup) and both pending and granted tenements at Meckering. The Company has now selected the Meckering deposit as it is the most advanced aluminous clay project within the Company’s portfolio.

Segue Resources Limited is pleased to announce that it has completed a placement of 9,500,000 shares at 1.25¢ per share to the Company’s consultants, including Newexco and Omni GeoX. The placement represents a reinvestment of fees paid by Segue to the consultants. The placement price represents a 10.7% discount to the current market price and 5 day average closing price of 1.4¢.

Andrew Forrest, non-Executive Chairman of Fortescue Metals Group and one of Australia’s most iconic miners, has confirmed he will be joining the list of major names presenting a keynote speech at the International Mining and Resources Conference (IMARC), which commences Monday 22 September.

Australian resources company, Cauldron Energy Limited is pleased to announce an update to the Mineral Resource estimate (JORC 2012) of its wholly owned Bennet Well uranium deposit in Western Australia.

Papillon Resources Limited is pleased to advise that Federal Court of Australia has today made orders approving the scheme of arrangement by which B2Gold Corp. will acquire all of the issued shares in Papillon.

Ascot Resources Limited is pleased to advise that the Company has completed the acquisition of a 100% interest in the Wonmunna Iron Ore Project from Ochre Group Holdings Ltd.

PLD Corporation Limited is pleased to advise that Drilling and Geophysics teams are being mobilised and will commence next week seeking Nickel Copper Sulphides at the Rocky Gully Project, which covers a total area of 1,200km2, and is located in the Albany Fraser Belt, WA.

Blackham Resources Ltd is pleased to provide an update of recent exploration and processing activities targeting the high grade quartz reef potential at Galaxy. Infill and extensional drilling results at Galaxy, from within and between the two optimised pit shells, indicate the two pits may eventually link when infill drilling is completed.

Bauxite Resources Limited is pleased to announce a significant increase in resource estimate quality for the Felicitas bauxite deposit in the Darling Range, Western Australia, coupled with a modest increase in the total tonnage of the resource that now totals 227.9 million tonnes (Mt).

Papillon Resources Limited is pleased to advise that a copy of the orders of the Federal Court of Australia approving the scheme of arrangement by which B2Gold Corp. will acquire all of the issued shares in Papillon, has been lodged with the Australian Securities and Investments Commission today and the Scheme has become legally effective.

Renowned U.S. hedge fund advisor and author Michael Belkin described Australian gold stocks as “a raging buy” during todays “Bulls versus Bears” gold forum at the International Mining And Resources Conference (IMARC) in Melbourne today.

Finnair is launching a collaboration with Slush, the Finland-based nexus for startups, tech talent, international investors, executives and media. As one of the main partners of Slush, Finnair is carrying participants to Helsinki for the organisation's annual flagship conference as well as helping Slush embark on a world tour to several Asian destinations.

About the Author

Lauren is the editorial assistant for Futures Magazine. She graduated from DePaul University in 2013 with a degree in English.