The Directors of Venus Metals Corporation Limited (ASX:VMC) are pleased to advise the discovery of additional magnetite mineralisation at the East Bilberatha target- Yalgoo Iron Ore Project.
Venus Metals Corporation Limited (ASX:VMC) are pleased to advise that the Moodini initial drill results include a 120m sulphide rich alteration zone in altered granitoids from 356m in hole MORCD002 which includes precious metal values in silver up to 31.9g/t over 1metre. Results suggest drilling has intersected the edge of a potential large mineralised system with increased focus to the south of the current drillholes.
Overland Resources Limited (ASX:OVR) is pleased to announce that it has completed the second and final tranche of its A$11.9 million placement (the "Placement") following receipt of shareholder approval at a general meeting on 13 April 2011.
Asian Activities Report for April 14, 2011 includes: DataMotion Asia Pacific Limited (ASX:DMN) has completed a 3D gravity survey on M12 rare earth elements target and is planning drilling in April 2011; MobileActive Limited's (ASX:MBA) RingRing Studios mobile applications surpass 1,000,000 downloads worldwide; UXA Resources Limited (ASX:UXA) intersected a 3-metre zone of visual mineralisation at the Dome 5 zinc-lead-silver prospect in NSW; Avanco Resources Limited (ASX:AVB) reported that drilling at Serra Verde Copper Project in Brazil continues to show great promise.
During a scheduled inspection of both ball mills at the beginning of the month, it was noted that excessive wear to the liners warranted their immediate replacement and Kingsrose Mining Limited (ASX:KRM) has decided not to operate the plant and risk damage to the mills until new liners can be fitted. Further, inspection of the mills bearings during downtime has revealed noticeable deterioration and issues with the ball mill trunnion bearings and lube system. Temporary repairs have been carried out and as of yesterday evening the mills were again operating.
Asian Activities Report for April 7, 2011 includes: Uranex NL (ASX:UNX) has commenced an exploration program at its 100% owned Songea Thermal Coal Project in Southern Tanzania; Canyon Resources Limited (ASX:CAY) announced significant multi-element results in Burkina Faso; Perseus Mining Limited (ASX:PRU) announced further positive drill results from Ghana; BaoTi Group Limited completed a successful site visit to Diatreme Resources Limited's (ASX:DRX) Cyclone Heavy Mineral Project in late March.
Exco Resources Limited (ASX:EXS) (PINK:EXRSF) notes speculation in the press this morning regarding an 'approach from an international bidder' in respect of the Company. The Company wishes to clarify that it is not in discussions with any international entity with a view to that entity making a bid for the Company.
