Resource Mining Corporation (ASX:RMI) is pleased to announce the successful completion of an updated Mineral Resource Estimate at its Wowo Gap Nickel Laterite Project in Oro Province Papua New Guinea. The Mineral Resource Estimate incorporates all new information derived from a 295 hole core drilling campaign that commenced in August 2010 utilising equipment owned by the company and operated by local labour.
Innovative Perth-based minerals explorer Resource Mining Corporation (ASX:RMI) has received advice from AusIndustry of success in being awarded a A$250,000 Commercialisation Australia grant from the Federal Government to provide proof of concept for its organic acid nickel recovery process.
Global Nickel Investments NL (ASX:GNI) are pleased to announce that a new auger drilling programme starts today on the Company's Jutson Rocks Greenstone Belt ("JRGB") to follow up on anomalous areas of gold.
Asian Activities Report for December 2, 2011 includes: Panasonic Electric Works, a Panasonic Group (TYO:6752) company, is to launch a new residential power storage system in late December in Japan; Treasury Wine Estates Limited (ASX:TWE) has appointed Michelle Terry as Managing Director Lindeman's; Algae.Tec Limited (ASX:AEB) will build its first algae to biofuels production facility in Asia; Haranga Resources Limited (ASX:HAR) says today that drilling at the Bayantsogt Prospect within the Selenge Iron Ore Project in Mongolia has intersected significant widths of iron mineralisation; Corazon Mining Limited (ASX:CZN) announces that results from the latest phase of drilling at the Lynn Lake Nickel Sulphide Project in Canada have defined further significant nickel-copper mineralisation.
Global Nickel Investments NL (ASX:GNI) is pleased to announce that the final results from a recently completed auger drilling programme on the Jutson Rocks project in Western Australia have shown several of the previously announced anomalous zones to be polymetallic in nature.
Following the successful announcement earlier this week of the highly encouraging first pass Bulk Leach Extractable Gold ("BLEG") geochemistry and auger drilling results in a known gold structural corridor, Global Nickel Investments NL (ASX:GNI) has now finalised a drilling contract for a RAB drilling programme across a large portion of the multiple zones of anomalous gold that were identified in earlier auger drilling. These auger results included four samples exceeding 100ppb including a maximum value of 3,050ppb (3.05g/t gold). Mobilisation has been set to occur in under a fortnight, with the RAB programme due to commence around the 10th of December.
South Boulder Mines Limited (ASX:STB) is very pleased to report that Discounted Cash Flow financial modeling for the base case Stage 1 open pit mining and processing of the Colluli Potash Deposit has returned highly favourable economics.
