Field Public Relations
News
Sphere Investments Ltd (ASX: SPH) has announced that the mineral resource for the Guelb el Aouj East Deposit in Mauritania has been upgraded to 701 million tonnes (Mt), from 450Mt announced by the Company 12 months ago, as the result of the latest drilling campaign.
Optima Corporation Limited's wholly owned subsidiary, specialist scooter brand Vmoto, is pleased to announce that it has signed an agreement with a new distributor for New Zealand. The agreement signifies the continued development of the New Zealand market by Vmoto.
An Australian investment company last week announced plans to acquire a controlling interest in a South African vanadium project near Xstrata plc's world class operating Rhovan mine.
Santos (ASX: STO)(PNK: STOSY) last week announced that testing of the Dua-5X well, offshore Vietnam, has been successfully completed, with the well discovering multiple gas and oil reservoirs in the southern fault block of the Dua structure.
Five diamonds, measuring between approximately 1 - 2.5 mm in diameter, were recorded from the first pit excavated at Paramount Mining Corporation's Ochinso Project, southern Ghana. Another diamond was recorded from a second pit, of three completed to date. The field report from Paramount's geologist states that the first pit also contained four flakes of gold (dimensions unspecified) the shape of which suggests that the source of the gold is not far from the present location.
Southern Gold (ASX: SAU) exclusively holds the "Torrens South" tenement immediately east of the new Punt Hill discoveries in South Australia's Gawler Craton. The Company had identified high-priority targets with Olympic Dam ("IOCGU") style potential along the gravity trend extending southeast from Punt Hill. A large survey of infill gravity detailing commenced last week to refine preliminary gravity targets for drill testing.
The first diamond drill hole by at Tasman Resources Limited's (ASX: TAS) Parkinson Dam project, west of Port Augusta in South Australia.
Perth-based craft brewing company, Oz Brewing Limited, has launched a A$1.5 million capital raising ahead of plans to list on the Australian Stock Exchange in December.
Minotaur Exploration (ASX: MEP) is pleased to announce that its wholly owned subsidiary, Minotaur Operations Pty Ltd, has entered into a Joint Venture with Gateway Mining NL (ASX: GML), to explore the Cowra Project in NSW for copper and gold.
One of the largest capital raisings for a new uranium explorer in Australia has already exceeded its minimum target ahead of its currently scheduled close later this month.
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