Asian Activities Report for October 25, 2011: Transit Holdings (ASX:TRH) Commences Drilling on Paradox Basin Potash Project in USA
Aphrodite Gold Limited (ASX:AQQ) announces further excellent results from its ongoing RC drill program at the Aphrodite Gold Project in Western Australia. Highest grade and longest gold intersections ever from any of the Company's drill programs are reported. Drilling continues to confirm the presence of multiple, wide zones of gold mineralisation within potentially open pit mine depths. Drilling will continue to mid-December.
Bathurst Resources Limited (ASX:BTU) announces a 37% increase in the JORC reserves to 17.3 million tonnes of ROM coal at its Buller Coal Project in New Zealand. The JORC resources of the project have also increased by 12% to 81.7 million tonnes. The Company will focus on drilling in the next 6-12 months to continue to increase the reserves and resources at South Buller. Work on North Buller will also commence as part of the current pre-feasibility program.
Sirius Resources (ASX:SIR) has discovered a broad zone of nickel, copper and cobalt enrichment in the first ever drilling at the Eye prospect at its 70% owned Fraser Range project in Western Australia. A diamond drill rig is on site and drilling will commence in the near future with the primary aim of better characterising the nature of the rocks beneath this zone.
Transit Holdings Limited
Sirius Resources NL
Bathurst Resources Limited
Aphrodite Gold Limited