Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Golden prospects

Golden prospects

Indochine Mining Limited today claimed to have made a discovery of a “high grade” gold-bearing quartz vein at its Kratie North project.

Claiming its best result returned 42 grams of gold per tonne, the company said the Kratie North site was a key focus of its exploration programme, launched in February.

“A drill programme will commence in mid-April, initially for 2,000 metres of diamond drilling to test and observe the mineralised structures from the geophysics and geochemistry,” it said in a release on the Australian Stock Exchange.

It said it would follow up further results with more precise drilling.

The firm’s stock price climbed 7.14 percent in ASX trading today, ending the day at A$0.375 (US$0.378).

Meanwhile, Canadian exploration firm Shamika2Gold claimed to have acquired 85 percent of MIG International Mining Group on Tuesday.

It said MIG owns a gold and ruby exploration licence in Samlout district, Battambang province.

OZ Minerals Ltd, which is actively exploring in Cambodia, today agreed to buy Australia’s Carrapateena copper project for US$250 million in cash.

0

Comments

Please, login or register to post a comment

Latest Video

Senate passes amendments allowing seat redistribution

Following last week's events, when Prime Minister Hun Sen proposed redistributing the Cambodia National Rescue Party’s National Assembly seats among minor opposition parties, the controversial amendments were passed a

Life with the indigenous communities of Mondulkiri

The Indigenous People's Lodge in the lush highlands of Mondulkiri, one of the Kingdom's most sparsely populated provinces, offers of a taste of traditional life.

Watch our video to find out more.