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 06 novembre 2007

HITS MORE HIGH GRADE GOLD

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

 

MEDIA RELEASE                                                                          

 

6 NOVEMBER 2007

 

 

MONARCH HITS MORE HIGH GRADE GOLD

 

Monarch Gold Mining Company (ASX/DIFX: MON), the largest independent landholder in the Kalgoorlie region, has continued its exploration success at the Davyhurst Gold Project with outstanding drill results.

 

Best results for the RC drilling program at Davyhurst’s Iguana Gold Deposit include 6 metres at 48.51 g/t Au from 33 metres.

 

Monarch has a targeted RC drilling programme underway across its landholdings as part of an aggressive $11 million exploration program, and at the same time is ramping up production at the Davyhurst Mill.

 

Monarch Executive Chairman Michael Kiernan said fuelled by promising drilling results, Monarch was working toward expanding the company’s resource base and creating long term value for Monarch shareholders.

 

“Our exploration is focussing on areas where we have identified targets to expand our resource base, and this approach continues to be vindicated by the promising results,” he said.

 

“The latest results bolster our earlier drilling success across the Davyhurst tenements, and keep us firmly on track toward our goal of becoming a 500,000 ounce per annum gold producer by 2009,” Mr Kiernan said.

 

Exploration targets include the recently acquired Riverina Gold Project (contiguous to the Davyhurst project) which has already revealed positive results (detailed below).

 

Monarch last month announced it was fast tracking the development of its high grade Kalgoorlie gold projects, ramping up production at its Davyhurst mill by more than 50% over the next four months.

 

With new ore coming on stream over coming months, Monarch is aiming to move production to 10,000oz per month by January 2008.

 

Iguana Gold Deposit

 

Following a geological review and re-interpretation of the deposit, a RC drilling programme was developed at Iguana to further define and upgrade the resource model as part of the Davyhurst development programme.

Current resources total 2.7 million tonnes at 2.1 g/t Au for 181,500 ounces.

 

Outstanding high grade results were achieved including in hole IGRC004, 6 metres at 48.51 g/t Au from 33 metres and in hole IGRC003, 2 metres at 10.24 g/t Au from 42 metres and 3 metres at 19.86 g/t Au from 52 metres

These results along with the balance of the programme completed are currently being reviewed along with the current model to provide an upgraded resource. 

 

Riverina Gold Deposit

 

An extensive RC drilling programme is underway, involving 11,000 metres in two stages. The programme is designed to confirm and extend the current resources which total 1.6 million tonnes at 3.8 g/t Au for 198,000 ounces. Mineralisation extends over at least 1.2 km in strike and more than 600m laterally in at least 6 sub-parallel lode systems, which have been poorly explored in the past.

 

The optimised pit has primarily been outlined between the Riverina South and Central shafts, covering a strike extent of 350 metres. The planned drilling covers a further 600 metres strike extent of historically worked mineralisation, with the lodes remaining open to the north.

Drilling will delineate mineralisation over a 950 metres strike length to an average vertical depth of 100 metres. The majority of this work will be completed by December 2007.

 

Early results, including in hole RMRC001, 4 metres at 11.6g/t Au have been reported, located some 600 metres north of the preliminary optimised pit. Further results over the 600 metres of strike are due in the near future.

 

Mt Banjo – Macedon Prospects

 

The Mt Banjo and Macedon prospects are located on the Round Dam trend just 1km south of the Walhalla open pit. RC drilling was completed to follow-up earlier reconnaissance results and has reported the following very encouraging results over 700 m of strike. Results are currently being reviewed prior to further drilling.

 

HOLE ID

EAST

NORTH

FROM

WIDTH

GRADE (g/t Au)

RDRC102

273992

6660043

36

4

2.55

RDRC104

273986

6660068

39

7

3.52

RDRC107

273987

6660119

27

6

3.84

RDRC118

273863

6660697

26

3

1.70

 

 

 

44

3

6.90

RDRC122

273794

6660999

18

2

8.72

RDRC133

273856

6660747

35

3

6.94

Intersections >1.0g/t Au, > 2.0m, 2.0m maximum internal waste.

 

 

 

For further information, please contact:

 

John Davis                                                                   Warrick Hazeldine

Technical Director - Monarch Gold                              Purple Communications

Tel: 08 9481 6422                                                         Tel: +61 (0)8 9485 1254           

Mob: 0417 944 616      

 

 

Background

 

The Company has a resource base of more than 2.3 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.

 

Monarch now has the largest Australian-controlled ground position in the Kalgoorlie region.

 

Monarch remains firmly on track with its production targets, with mining commenced at the Davyhurst and Mt Ida projects. Refurbishment of the Davyhurst Mill is complete, with supporting infrastructure already in place. Monarch’s production at Davyhurst has an average head grade of 5.3g/t Au.

 

Growth Strategy

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

Davyhurst - gold resources of over 1.5m oz within a 2,000 sq km tenement package and 1.2mtpa gold processing facility (+1.2Moz historic production)

Riverina Project - indicated and inferred gold resources totalling 1.64 million tonnes @ 3.8 g/t Au for 200,000oz.

Mt Ida - resources are stated as 143,000t at 24.0 g/t containing 110,650oz of gold within four areas - the Baldock, Whinnen, Meteor and Timoni deposits. Monarch commenced 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’s 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 Gold Mining Company

Projects

 

 

 

 

 

 

 

 

***

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$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,34 AU$+2,66%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
5,77 US$-2,86%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,74 GBX-7,17%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,08 CA$-11,11%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,00 CA$-2,44%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
8,55 CA$+1,18%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,19 CA$+5,56%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,30 AU$-1,64%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,50 CA$+2,46%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
70,26 US$+2,63%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$+0,00%Trend Power :