Mukuba Resources Limited (CVE:MKU) (PINK:MKBAF) is pleased to announce that it has mobilized a drill rig to undertake a program of diamond drilling across the Chipirinyuma prospect within the Nyimba Project Area located east of Lusaka, Zambia.
Victory West Moly Limited (ASX:VWM) is pleased to announce the execution of a binding Memorandum of Agreement ("MOA") with China Guangshou Group Corp ("CGGC") that will fully fund VWM's Malala Molybdenum Project to large scale production.
Victory West Moly Limited (ASX:VWM) ("VWM" or the "Company") confirms that on 21 October 2010, the Company entered into a Share Acquisition Agreement with the shareholders of Victory West Pty Ltd (Victory West) to formalise its agreement to acquire the remaining 25% of their shares in Victory West as previously announced.
Australian Market Report of October 19, 2010 includes: Crusader Resources Limited (ASX:CAS) is progressing its Posse Iron Ore Project in Brazil; Zamia Metals Limited (ASX:ZGM) Anthony molybdenum mineralisation extends at depth; Prairie Downs Metals Limited (ASX:PDZ) has commenced drilling at Prairie Downs Base Metals Project; Sherwin Iron Limited (ASX:SHD) reported a 40% increase at its Roper River Iron Ore Project in the Northern Territory.
Australian Market Report of October 18, 2010 includes: Marengo Mining (ASX:MGO) signed MOU with China NFC (SHE:000758) for copper-molybdenum-gold project In Papua New Guinea; Tap Oil Limited (ASX:TAP) commenced drilling at Manora-4 appraisal well in Thailand; Encounter Resources Limited (ASX:ENR) reported highest grade copper intersection to date in Western Australia; Petratherm Limited (ASX:PTR) is advancing its 8 MW Madrid Geothermal District Heating project in Spain.
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.
Australian Market Report of September 30, 2010 includes; Azure Minerals Limited (ASX:AZS) has commenced an extensive exploration program in Mexico; Intrepid Mines Limited (ASX:IAU) (TSX:IAU) reported an initial Inferred Resource of 500 million tonnes at 0.4% copper and 0.5 g/t gold in Indonesia; White Cliff Nickel Limited (ASX:WCN) has identified additional zones of copper rich mineralisation; Avanco Resources Limited (ASX:AVB) has received an initial US$100,000 payment from Vale S.A. (NYSE:VALE) in relation to Trindade North acquisition.
