Mining News
Copper Development (LON:CDC) Corporation (BUY, 102p) (CDC LN, 29p, ? 7.4% ) announced an initial JORC compliant Inferred Resource estimate for its Basay Copper Project on Negros Island in the Philippines. The new resource estimate is 131 Mt at 0.48% Cu using a 0.25% Cu cut-off grade and was prepared based on historical drilling data and CDC drill holes BSM001 to BSM029 and BSM032; using 30 of the 55 drill holes completed to date.
Noricum Gold (LON:NMG) Limited (NMG LN, 2.25p, ? 0.0%) announced that it has obtained a listing on the Frankfurt Stock Exchange. As a result shares in Noricum Gold have been admitted to trading on the exchange under the symbol 'NOG'. The entire issued ordinary share capital will continue to trade on AIM under the symbol NMG.
Noventa (LON:NVTA) Limited (NVTA LN, 12.6p, ? 1.94%) announced that further to the announcement of Thursday, 1 March 2012, the Board of Directors of Noventa confirms that the voluntary delisting of the Company's ordinary shares from the Toronto Stock Exchange took place at the close of trading on Thursday, 8 March 2012. The Company's ordinary shares continue to trade on AIM and PLUS.
Nyota Minerals (LON:NYO) Limited (NYO LN, 8.2p, ? 1.2%) announced a Mineral Resource update for its Tulu Kapi Project, in Ethiopia. The resource consists of 17.97 million tonnes @ 2.90g/t gold containing 1,672,000 ounces of gold. This represents an upgrade and increase in the Indicated category of 82 per cent to 831,000 ounces of gold @ 3.01g/t gold; and an Inferred Resource of 841,000 ounces of gold @ 2.79g/t gold. The new resource incorporates all the drill holes for which gold analyses had been received up to and including the end of January 2012.
Obtala Resources (LON:OBT) Limited (OBT LN, 33.75p, ? 0.0%) announced that Bushveld Minerals Limited (BMN.LN) today announced the proposed admission of its shares to the AIM market of the London Stock Exchange plc. BMN is a new holding company which will acquire the entire share capital of both Bushveld Resources Limited ("BRL") and Greenhills Resources Limited ("GRL"), in each of which the Company will acquire, prior to Admission, a 50% interest. Gross proceeds raised by BMN of…
