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The Australian sharemarket eased some early gains and closed slightly higher on Friday. This was the first weekly gain in five weeks while the global markets had been shadowed by China's monetary tightening, worries on US economic recovery stability and sovereign debt issue in Euro zone.
Republic Gold Limited (ASX:RAU) today announced that the Company has completed its upgrade of the geological block model at the Amayapampa Gold Project ("Amayapampa" or "Project") in Bolivia. The mineral resource has been increased by 19.4% from 1,084,000 ounces to 1,294,000 ounces.
Republic Gold Limited (ASX:RAU) today announce that the Company has received results from the RC drilling programme undertaken in December 2009 at its 100%-owned Tregoora Gold Project in Far North Queensland. Drilling took place at the Terrace Creek, Sleeping Giant and Retina South Prospects with a total of 2,252 metres of RC percussion drilling completed before the wet season commenced.
Republic Gold Limited (ASX:RAU) is pleased to provide a Quarterly Activities Report for the period ended 31 December 2009.
ABN Newswire Stocks to Watch today include: Otto Energy Limited (ASX:OEL)(PINK:OTTEF), Sarissa Resources Inc., (PINK:SRSR), Zhaojin Mining Industry Company Limited (HKG:1818)(PINK:ZHAOF), Galaxy Resources Limited (ASX:GXY)(PINK:GALXF), Automotive Technology Group (ASX:ATJ), Conquest Mining Limited (ASX:CQT) (PINK:CQMLF).
Republic Gold Limited (ASX:RAU) today announced that the Company has engaged ICR to conduct an independent social study of the Amayapampa Gold Project ("Amayapampa" or the "Project") and an economic study of Bolivia concerning inward foreign investment. The resulting report will be used as a crucial Definitive Feasibility Study document and be provided to potential project financiers.
Republic Gold Limited (ASX:RAU) today announced that the Company has signed a Letter of Intent with the Government of the Department of Santa Cruz in Bolivia to work jointly towards exploration at the El Mutun Iron Ore Project in Eastern Bolivia. The Letter of Intent is signed by Raul Barrosa Saso, Secretary of Mining, Energy and Hydrocarbons for the Government of the Department of Santa Cruz.
Republic Gold Limited (ASX:RAU) today announced that the Company will today commence a 5,000-metre RC drilling programme at its 100%-owned Tregoora Gold Project in Far North Queensland. Drilling will target mineralisation in the series of recently purchased mining leases in the central portion of the mineralised zone at Tregoora and in the vicinity of zones where recent high grade intersections were recorded.
Republic Gold Limited (ASX:RAU) today announced that the Company has received initial metallurgical testwork results from samples of diamond drill core from the Amayapampa Gold Project in Bolivia ("Amayapampa" or the "Project") that were tested by Gekko Systems of Ballarat ("Gekko") using Gekko's unique gravity (inline pressure jig) and intensive leach technology.
Republic Gold Limited (ASX:RAU) today announced that the Company has completed a placement of 150,000,000 shares at a price of 2.6 cents through Patersons Securities Limited ("Patersons"). The placement raised A$3.90M before expenses. The response to the placement offering was strong, with Patersons receiving offers for well in excess of the shares available.