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.
Global Nickel Investments NL (ASX:GNI) are pleased to announce that strong and cohesive gold anomalism has been defined from the results of auger sampling of broad Bulk Leach Extractable Gold anomalies at the Company's Jutson Rocks project in the Eastern Goldfields region of Western Australia.
Global Nickel Investments NL (ASX:GNI) is pleased to announce the establishment of a Sponsored American Depository Receipt Program.
Asian Activities Report for October 27, 2011 includes: C @ Limited (ASX:CEO) has signed an agreement to acquire eight highly prospective Mongolian coal licences for US$7.8 millions; African Iron Limited (ASX:AKI) announces a 267% increase in the JORC hematite mineral resource to 121 million tonnes at its 92% owned Mayoko Iron Ore Project in Congo; ENK Plc (ASX:ENK) announces the first nickel production from its pilot plant located 250 km north of Manila in the Philippines; Solagran Limited (ASX:SLA) recently visited an Asian country where a poultry trial was conducted in collaboration with a government body in the field of poultry production and disease management.
South Boulder Mines Limited (ASX:STB) is very pleased to report that engineering scoping study results have confirmed the viability of the Colluli Potash Project and the Company has committed to progress a definitive feasibility study scheduled for completion in the next 14-17 months. The study has been completed by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH (ERCOSPLAN) with input from a number of independent mining organisations and professionals under the guidance of Dr. Chris Gilchrist.
