Victory West Moly Limited (ASX:VWM) (ETR:R1E) the SE-Asia focused metals explorer, is pleased to provide an update of its drilling program at the USSU Nickel Project.
Australian Market Report of December 22, 2010 includes: Metminco Limited (ASX:MNC) commences 50,000 metre diamond drilling program at Los Calatos copper/molybdenum project in southern Peru; Ausgold Limited (ASX:AUC) announced further significant assay results from the Boddington South Gold Project; Synergy Metals Limited (ASX:SML) has signed a non-legally binding Memorandum of Understanding with Northwest Nonferrous International Investment Company Limited; Forte Energy NL (ASX:FTE) announced further Rare Earth Element assay results in Guinea.
Bernard is a qualified geologist with 17 years international experience in mineral exploration. He spent seven years exploring for diamonds with Ashton Mining most of which was spent in Scandinavia and West Africa. He played a key role in the discovery of a number of diamond bearing kimberlite pipes in Finland and went on to manage Ashton's activities in the West African nation of Mali.
Victory West Moly Limited (ASX:VWM) (FSE:R1E) the SE-Asia focused metals explorer, has announced a significantly refined exploration target size for the nickel laterite mineralization at its USSU Nickel Project in Indonesia.
Victory West Moly Limited (ASX:VWM) is pleased to announce that it has completed negotiations and commercial terms and conditions with Oceantide Investments Pty Ltd ("Oceantide") and is proceeding with the acquisition of (subject to shareholder approval) of Oceantides rights to a 70% equity interest in the highly prospective USSU Nickel Project.
A$2.5 Million Placement made with Convergence Capital Corporation Victory West Moly Limited (ASX:VWM) is pleased to announce the placement of 20,833,333 new fully paid ordinary shares at a price of A$0.12 per share to raise A$2.5 million. The shares are being placed with Convergence Capital Corporation and or its sophisticated and institutional investors. These additional funds will strengthen the company's cash position as it finalises due diligence on the previously announced DSO Nickel acquisition.
Australian Market Report of November 2, 2010 includes: Botswana Metals Limited (ASX:BML) discovered more copper-silver mineralisation in Botswana; Zamia Metals Limited (ASX:ZGM) is continuing the deep diamond drilling to test the depth extensions of the Anthony molybdenum deposit; Hill End Gold Limited (ASX:HEG) announced the first JORC Resource Estimate of 234,400 ounces of gold for the Hargraves project; Alcyone Resources Limited (ASX:AYN) reported New High-Grade Silver Results at Twin Hills Resource in Queensland.
