FerrAus Limited (ASX:FRS) (PINK:FRRAF) today announced the results of geological mapping and sampling recently completed at its wholly owned Enachedong Manganese Project located 60 kilometres south of known world class resource, Woodie Woodie.
Australian Market Report of October 20, 2010 includes: JFE Shoji Trade Corporation has acquired interest In Cockatoo Coal (ASX:COK) Bowen Basin Projects; PanAust Limited (ASX:PNA) is to invest US$110 million at the Phu Kham Copper-Gold Operation in Laos; Poseidon Nickel Limited (ASX:POS) intersected higher than expected nickel sulphide grades at the Cerberus deposit; Transol Corporation Limited (ASX:TNC) has acquired two new gold projects in Cambodia.
Emu Nickel NL (ASX:EMU) is pleased to announce that a five-hole, 968m reverse circulation drilling programme has been completed at Woolgangie, situated about 60km south west of Coolgardie and part of the Kambalda West joint venture.
MIL Resources Limited (ASX:MGK) has entered into a Memorandum Of Understanding with Beijing SinoTech Institute of Mineral Exploration Co., Ltd. for Sinotech (or its subsidiary) to become a 30% shareholder in MIL at a fixed price of A$0.034 per share, raising A$5 million gross, and for Sinotech to fund exploration on MIL's Titan Metal's portfolio of copper/gold/nickel/molybdenum exploration projects in Papua New Guinea.
Emu Nickel NL (ASX:EMU) has completed a four-hole, 1211m RC drilling programme at Austin South, Defiance and 4E near the Austin copper-zinc-gold-silver discovery near Meekatharra, WA.
Emu Nickel NL (ASX:EMU) is pleased to announce that additional fixed loop electromagnetic (FLEM) surveys have been completed to infill gaps in the previously reported survey.
Further to previous market updates regarding the IPO of AusNiCo Limited, the Directors of D'Aguilar Gold Limited (ASX:DGR) are pleased to advise that the offer has closed oversubscribed.
