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

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.

MOST VIEWED

  • Phnom Penh placed in two-week lockdown

    The government has decided to place Phnom Penh in lockdown for two weeks, effective April 14 midnight through April 28, as Cambodia continues to grapple with the ongoing community outbreak of Covid-19, which has seen no sign of subsiding. According to a directive signed by Prime Minister

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Hun Sen: Stay where you are, or else

    Prime Minister Hun Sen warned that the two-week lockdown of Phnom Penh and adjacent Kandal provincial town Takmao could be extended if people are not cooperative by staying home. “Now let me make this clear: stay in your home, village, and district and remain where

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Culture ministry: Take Tuol Sleng photos down, or else

    The Ministry of Culture and Fine Arts has told Irish photographer Matt Loughrey to take down the photos of Khmer Rouge victims at Tuol Sleng Genocidal Museum which he allegedly colourised and altered to show them smiling. The ministry said Loughrey's work is unacceptable, affecting

  • Cambodia gears up for muted New Year festival

    The recent curfew and restrictions imposed in the capital and other Covid-19 hotspots were intended to break the chain of transmission, Ministry of Health spokeswoman Or Vandine said as municipal and provincial authorities issued new directives banning certain activities during the upcoming Khmer New Year