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Logo of Phnom Penh Post newspaper Phnom Penh Post - Aspiring miner ends site study

Aspiring miner ends site study

JUNIOR mining company Aspire International Inc has completed a geological survey of prospective mining sites in Pailin and Battambang provinces, with results due shortly according to a company statement.

“Reports to assess promising gold, silver and rare earth mineral deposits are being prepared for possible acquisitions” the company said in a public release late on Tuesday, following Aspire’s recent expedition to Cambodia and China.

The Canadian-registered firm signed a memorandum with the Ministry of Industry, Mines, and Energy in early April 2010 for permission to collect geological data in Pailin’s Salakrau district, and Battambang’s Ratanakmondol and Samlot districts in order to consider applying for mining licences in the future.

“We are awaiting results of the Asian visit,” Chief Executive Bok Wong said in the release.

“These properties which we feel may become critically important acquisitions will be further explored and sampled. These can contribute to our future growth.”

The firm, which is publicly traded in over-the-counter market, is currently developing infrastructure at its manganese mine in GuangXi, China, and has offices in Canada and China, according to its website.

Aspire said a financial audit was underway with its annual report due soon “with a view to becoming fully reporting compliant”.

Its shares fell US$0.05 to $0.30 on the day of the release, having traded between $0.11 and $0.44 in the past year.

The company could not be contacted for comment.

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