Logo of Phnom Penh Post newspaper Phnom Penh Post - Mining update: Brighton begins test drilling

Mining update: Brighton begins test drilling

Mining update: Brighton begins test drilling

BRIGHTON Mining Group Ltd has begun test drilling for gold at its Antrong project in Mondulkiri province, intending to establish an inferred maiden resource by the second half of 2011. The ASX-listed firm drew parallels to OZ Mineral’s Okvao tenement in the same province, and claimed in a filing to be “very excited” about the project’s prospects.

In March last year, OZ declared an inferred resource of 605,000 ounces at a property in the Cambodia province, one of the more noteworthy discoveries yet found. Last month, Cambodian Association of Mining and Exploration Companies president Richard Stanger said while that actual extraction of resources had yet to begin in the Kingdom,  “in the next five to seven years mining operations will be taking place here”.

On Friday, Australian junior miner Gulf Mines Ltd announced it had entered into an agreement with Brighton to provide a short-term loan facility. Brighton climbed 18.6 percent on the ASX in Sydney last week, closing Friday at A$0.255 (US$0.252) a share.  

It increased more than 18 percent in trading on Wednesday, the day it announced the drilling.

MOST VIEWED

  • Body of woman killed in Bangkok returns

    The Cambodian embassy in Thailand is working to repatriate the body of a casino dealer who was shot dead in Bangkok on Monday night. Ministry of Foreign Affairs and International Cooperation spokesman Kuy Kuong told The Post on Wednesday that officials are preparing paperwork to

  • Chikungunya hits 15 provinces, says gov’t

    Ministry of Health spokeswoman Or Vandine said on Thursday that the chikungunya outbreak in the Kingdom has spread to 15 provinces. Some 1,700 people are now suspected to have the disease. Vandine urged people to prevent its further spread by eliminating shelters for the Aedes aegypti mosquitoes

  • Gov’t exempts visa A and B holders from Covid fees

    Airline passengers who are diplomats and officials of international organisations holding Type A and B visas for travel to Cambodia are exempted from paying Covid-19 testing fees, said the Ministry of Health in its latest adjustment of rules on Wednesday. Health Minister Mam Bun Heng

  • Police arrest 29 Chinese for kidnapping in capital

    Phnom Penh Military Police arrested 29 Chinese nationals on kidnapping charges on Wednesday. The suspects are said to have abducted three other Chinese nationals from a hotel in Chaktomuk commune, Daun Penh district. The operation took place on Wednesday and was led by two deputy commanders –

  • Bill covering dress code draws ire

    Ministry of Interior secretary of state Ouk Kim Lek responded on Tuesday to criticism concerning a draft law that would ban women from wearing overly revealing clothing, saying that input from all parties will be considered as the law moves through the promulgation process. Several

  • What’s the deal with Cambodia and China’s FTA?

    Cambodia’s Free Trade Agreement (FTA) with China kicks off a series of FTAs in future but for now, critics wonder what else the parties could bring to the table apart from what it already has to date By the end of this year, Cambodia