Further to the announcemet dated 6 April 2016 KBL Mining Limited (ASX:KBL) advises that it has today issued a total of 2,341,667 Ordinary Shares and one (1) Convertible Note with a face value of $410,000 pursuant to the announcement dated 6 April 2016.
KBL Mining Limited (ASX:KBL) is pleased to announce recent diamond and reverse circulation drilling has intersected high grade gold mineralisation at Pearse North, less than 200 metres from the currently operating Pearse Open Cut at the Mineral Hill Mine.
KBL Mining Limited (ASX:KBL) refers to the announcement on 4 March 2016 whereby the Company advised that it had entered into a convertible note arrangement with a professional investor under which it received $450,000 upon closing in return for the issue of a convertible security with a face value of $500,000.
KBL Mining Limited (ASX:KBL) is pleased to announce that the remaining works required to allow the Mineral Hill processing plant to reach throughput rates of up to 40 tonnes per hour in the flotation and CIL circuit, have now been completed.
Company Defining Acquisition by Enterprise Uranium Ltd (ASX:ENU) to Acquire Majority of Sandstone Goldfield
Enterprise Uranium Limited (ASX:ENU) is pleased to advise that it has entered into a share sale and purchase agreement to acquire all of the issued capital of Sandstone Exploration. Sandstone's only asset, the Sandstone Gold Project, is located approximately 600km northeast of Perth in Western Australia.
KBL Mining Limited (ASX:KBL) is pleased to announce the application for a Mining Lease over the Pearse North deposit adjacent to the operating Pearse open cut gold mine. The addition of a new Mining Lease will also provide for further development opportunities along the highly prospective Pearse gold corridor.
KBL Mining Limited (ASX:KBL) is pleased to announce the results of underground sampling of the G Lode that confirm high grade gold values.
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