Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Swan Gold Mining Limited

Publié le 17 avril 2007

$6 Million Exploration Program

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter

MEDIA RELEASE                                                                                            

17 April 2007

 

MONARCH ANNOUNCES $6 MILLION EXPLORATION PROGRAM

 

Monarch Gold Mining Company Limited (ASX:MON) today announced the company will spend $6 million on exploration over the next 12 months.

 

$4 million of the exploration program will be spent on 30,000 metres of RC and 41,000 metres of RAB drilling at the company’s flagship mine at the Davyhurst Gold Project located some 120 kilometres north-west of Kalgoorlie.

 

$2 million has been allocated to 10,000 metres of RC and 20,000 metres of RAB drilling at the company’s Minjar gold project 500 kilometres north-east of Perth.

 

Monarch Executive Chairman, Michael Kiernan said exploration would be the key driver of value for Monarch shareholders.

 

“Monarch is on track to commence mining gold ore from Davyhurst in late June and Mt Ida in late July but the key to providing shareholder value is a well funded exploration program on regions where shallow drilling has been previously applied,” Mr Kiernan said.

 

“Shareholders will be pleased in the short term to achieve the key milestone of a first gold pour in late July. Longer term, it’s imperative to deliver value through exploration success.

 

“We’re in a fortunate position of having funding in place to pursue an aggressive exploration program in parallel with a development program targeting total target production for the next 12 months from Davyhurst and Mt Ida of 125,000 ounces.”

 

Davyhurst will deliver 75,000 ounces of gold at an estimated cost of US $500 per ounce and Mt Ida will deliver 50,000 ounces of gold at an estimated cost of US $330 per ounce.

 

Key targets of the $6 million exploration campaign include:

  • Davyhurst Round Dam trend with more than six kilometres of mineralised structure and under-exploration by previous tenement owners.
  • Python trend with more than ten kilometres of mineralised structure, located on the Ida Fault, north of the 389,000 oz Iguana resource and under-exploration by previous tenement owners.
  • Sunraysia Extended prospect where recent regional RAB drilling outlined more than two kilometres of strike of mineralisation north of the 64,000 oz Sunraysia resource.
  • Prospects outlined in the SRK gold study where twenty high priority targets were identified.

 

Mr Kiernan said Monarch has received positive results from a January to March 2007 exploration program.

 

“The greenfields Sunraysia Project is shaping up as an impressive resource with recent drilling results confirming mineralisation extending for more than two kilometres north of Sunraysia.”

 

Monarch is pleased to provide shareholders with an update on exploration progress from January to March 2007 including:

 

Davyhurst Project

RAB and RC drilling focused on extensions of known mineralised trends in the Walhalla/Federal Flag area on the Round Dam trend and also the Sunraysia area following up consultant SRK’s target areas and extensions to the Sunraysia resource trend.

 

Results in the Round Dam area confirm the extension to resources at Walhalla and Federal Flag including RDRC061, 9m @ 5.6 g/t Au from 43m, RDRC062, 3m @ 12.4 g/t Au from 42m, RDRC065, 3m @ 14.1 g/t Au from 54m, RDRC066, 5m @ 5.9 g/t Au from 23m and RDRC079, 1m @ 80.7 g/t Au from 19m.

 

At the Mt Banjo prospect, 500m south of Walhalla, RC drilling recorded encouraging results (including RDRC026, 2m @ 22.9 g/t Au from 14m, RDRC031, 6m @ 4.4 g/t Au from 42m, RDRC036, 11m @ 15.0 g/t Au from 23m).

 

A review of potential mineralisation south of Mt Banjo indicates a six kilometre strike length of broad spaced shallow historical drilling with the potential to outline further resources.

 

Results from RAB drilling in the Sunraysia Extended and Renmark areas have recorded significant results including MURB448, 16m @ 2.97 g/t Au from 28m, MUAC076, 12m @ 6.80 g/t Au from 32m, at Sunraysia Extended, RERB055, 4m @ 15.1 g/t Au from 32m at Renmark.

 

Minjar Project

RC drilling at the Riley prospect has further confirmed a mineralised zone with more than 200 metres of strike and open north and south with economic grades reported including RRC001, 4m @ 5.7 g/t Au from 48m, RRC002, 16m @ 4.1 g/t Au from 5m, RRC004, 10m @ 6.0 g/t Au from 24m, RRC008, 3m @ 56.7 g/t Au from 44m.

 

Other

Resource infill drilling is being planned at the Bellevue and Lady Ida projects.

 

- ENDS -

 

For further information, please contact:

Michael Kiernan                                                                       Warrick Hazeldine

Executive Chairman - Monarch Gold                                       Purple Communications

Tel: 08 9481 6422                                                                     Tel: +61 (0)8 9485 1254                                                                                                                 Mob: 0417 944 616      

Background

 

Monarch Gold Mining Company was formed and listed on the ASX in 2002 by a group of experienced Australian mining executives.

 

The Company has a resource base of more than 2.4 million ounces, two state-of-the-art gold treatment plants, and has dominant ground positions in the prolific gold mining region to the north-west of Kalgoorlie.

 

Since November 2005, Monarch has laid the foundations for its growth as a mid-tier Australian gold production company. It acquired the Davyhurst Gold Project in November 2005, and in 2006 reached agreement with Gindalbie Metals to acquire the Minjar gold projects 500km north-east of Perth. Monarch also completed a merger with Siberia Mining Corporation Limited in 2006, which provided access to Siberia 1.2 million ounce resource base, and the largest Australian-controlled ground position in the Kalgoorlie region. Monarch also has the ground package surrounding the historic Bellevue Gold Mine near Leinster.  In March 2007, Monarch acquired the rich Mt Ida project, located within the 120 kilometres of Monarch’s Davyhurst Mill, from International Goldfields Limited.

 

Growth Strategy

Monarch’s growth strategy is focused on four potential production centres in Western Australia:

Davyhurst - gold resources of over 2m oz within a 2,000 sq km tenement package and 1.2mtpa gold processing facility (+1.2Moz historic production)

Mt Ida - resources are stated as 143,000t at 24.0 g/t containing 110,650 ounces of gold within four areas - the Baldock, Whinnen, Meteor and Timoni deposits. Monarch will commence mining gold in July 2007.

Minjar - gold resources of over 400,000oz within a 1,722 sq km tenement package and 600,000tpa gold processing facility (+120,000oz historic production)

Bellevue - gold resources of 120,000oz associated with the historic Bellevue Gold Mine, one of WA’ premier gold operations (750,000oz historic production)

 

Monarch’s strategy has been to capture opportunities for the consolidation of gold development assets which have not in the past realised their full potential, either due to a lack of capital or to limited exploration.

 

Monarch is focussed on gold production, with a target to be producing 500,000oz per annum by December 2009.

 

For further information visit: www.monarchgold.com.au

 

So far as it relates to ore and mineralisation, this report is based on information compiled by John Davis, who is a Member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientist. Mr Davis has sufficient experience which is relevant to the style of the mineralisation and type of deposit under consideration and to the activity which he is undertaking, to quality as a Competent Persons as defined in the 2004 Edition of the Australasian Code for Reporting for Exploration Results, Minerals Resources and Ore Reserves. Mr Davis is a full time employee of the Company. This report accurately reflects the information complied by Mr Davis. Mr Davis has consented to the inclusion of this information in the form and context in which is appears in this report.

 

 

 

Monarch’s Project Location Map

 

 

 

 

 

 ***

The new Spam Act commenced on 10 April 2004. This Act is aimed at reducing the amount of unauthorised emails you receive.  You have been receiving e-mails containing information and news releases from us on behalf of our clients because you are an important contact of Purple Communications, a boutique stakeholder communications consultancy.   If you do not wish to receive such emails from Purple, please click mailto: purple@purplecom.com.au subject=UNSUBSCRIBE or reply to this email and put UNSUBSCRIBE in the subject line and we will not email you again.

 If you do not reply, we will continue sending you relevant news and information via email. However, all future emails will allow you to unsubscribe.

 

Issued by

Purple Communications

Level 3, 28 Kings Park Road, WEST PERTH WA 6005

Ph: 08 9485 1254     Fax: 08 6263 0455

purple@purplecom.com.au    

 

Swan Gold Mining Limited

PRODUCTEUR
CODE : SWA.AX
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Swan Gold Mining est une société de production minière d'or basée en Australie.

Swan Gold Mining détient divers projets d'exploration en Australie.

Ses principaux projets en production sont LA CAMORRA MILL au Venezuela et MINJAR et MOUNT MAGNET en Australie et ses principaux projets en exploration sont BELLEVUE PROJECT, LONDONDERRY, YERILLA et REPUBLICAN en Australie.

Swan Gold Mining est cotée en Australie. Sa capitalisation boursière aujourd'hui est 27,1 millions AU$ (25,1 millions US$, 16,3 millions €).

La valeur de son action a atteint son plus bas niveau récent le 05 novembre 2009 à 0,29 AU$, et son plus haut niveau récent le 04 juillet 2014 à 2,95 AU$.

Swan Gold Mining possède 91 850 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Rapports annuels de Swan Gold Mining Limited
2007 Annual Report
2005 Annual Report
2003 Annual Report
Nominations de Swan Gold Mining Limited
14/08/2007APPOINTS MATTHEW GILL AS MANAGING DIRECTOR
Projets de Swan Gold Mining Limited
05/06/2008(Mount Magnet)(ASX:MON) Advancing at Mount Magnet
15/04/2008(Mount Ida)High Grade Expansion at Mount Ida
19/03/2008(Mount Magnet)MOVING FORWARD WITH MOUNT MAGNET
06/11/2007HITS MORE HIGH GRADE GOLD
04/09/2007INTERSECTS HIGH GRADE GOLD
07/08/2007(Davyhurst)POURS FIRST GOLD
17/04/2007(Davyhurst)$6 Million Exploration Program
Communiqués de Presse de Swan Gold Mining Limited
03/07/2009Creditors Accept Stirling Proposal
07/07/2008Advances with $30m Go Forward Funding
08/04/2008Sells Minjar Gold Project
04/02/2008finalizes Mt Magnet purchase agreement
15/01/2008RIVERINA READY TO ROLL - PROJECT UPDATE
16/11/2007ANNUAL GENERAL MEETING
08/11/2007 ACQUIRES HILL 50 GOLD
23/10/2007TARGETS RE-RATING THROUGH TSX LISTING
03/10/2007CAPITALISING ON GOLD GROWTH
07/08/2007LAUNCHES SIGNIFICANT EXPLORATION PROGRAM
06/08/2007CONTINUES EXPANSION
06/08/2007commits funds to Kalgoorlie community housing project
05/08/2007UPDATE: commits funds to Kalgoorlie community housing proje...
08/06/2007EXTENDS RICH MT IDA ACQUISITION
17/05/2007Gears Board for Production
14/05/2007Explores Listing on Dubai Exchang
11/05/2007Placement and entitlements Issue
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
AUSTRALIA (SWA.AX)
0,295+5.36%
AUSTRALIA
AU$ 0,295
13/06 21:06 0,020
5,36%
Cours préc. Ouverture
0,280 0,280
Bas haut
0,280 0,295
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,295 -90,00%
Volume var. 1 mois
150 885 -90,00%
24hGold TrendPower© : 34
Produit Gold
Développe
Recherche Gold
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,05 AU$-0,84%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
7,04 US$-1,81%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,70 GBX-2,91%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,08 CA$-21,05%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
1,97 CA$+4,79%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
9,41 CA$+2,84%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,18 CA$-5,41%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,32 AU$+3,23%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,30 CA$+0,88%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
62,20 US$+1,58%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$+12,00%Trend Power :