Drilling Phase Designed to Generate Core for Metallurgical Test Work Indochine Mining (ASX:IDC) commences this week the first phase of a drill program of up to 10,000 metres at its major gold/silver project, Mt Kare, in Papua New Guinea (PNG). One drill rig is positioned on the first drill pad and the second drill rig is in transit with a third rig to arrive later.
Toro Energy Limited (ASX:TOE) is pleased to announce the results of a major review of the financial outcomes of the Wiluna Uranium Project. The new economic model has indicated that, over the first 10 years operating life of the project.
Toro Energy Limited (ASX:TOE) announce the execution of a Letter of Intent with OZ Minerals Ltd (ASX:OZL) for the termination of Toro's Tenements Access Agreement over EL4025, EL4132, EL4283, EL4390, referred to as the Mt Woods Project located in South Australia.
Toro Energy Limited (ASX:TOE) is pleased to provide the following Exploration Target Range for its 100%-owned Theseus Uranium Project in Western Australia: 20Mt to 40Mt @ approx 400 to 500parts per million (ppm) U3O8, for 10,000t to 20,000t U3O8 or 22Mlb to 44Mlb U3O8.
Venus Metals Corporation Limited (ASX:VMC) refer to the announcement to the Australian Securities Exchange (ASX) on 31 October 2011 whereby the Company announced the receipt of gold assays from one metre sampling of drill hole YGRC 156 and composite five metre sampling from four holes (YGRC 137, 140, 141 and 144) completed at the Yalgoo Gold Project.
Venus Metals Corporation Limited (ASX:VMC) are pleased to announce the receipt of very significant gold assays from detailed sampling of drillhole YGRC 156 completed at the Yalgoo Gold Project, together with excellent results from selected composite sampling in four other holes.
Toro Energy Limited (ASX:TOE) at its 100%-owned Theseus uranium project in Western Australia was completed on Friday 14 October 2011. For the last phase of the program, Toro concentrated on testing the extent of higher-grade zones within the eight kilometres of palaeochannel previously defined. Drilling at 100m spacing has intersected higher grade zones of mineralisation in three locations.
