Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Southern Hemisphere Mining director steps down  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 27/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) Southern Hemisphere Mining (ASX: SUH) non-executive director Richard Billingsley has not sought re-election to the Board.

The company continues to demonstrate the potential to grow the resource at its flagship Llahuin Copper-Gold Project in central Chile with recent strong new intersections.

Drilling at the project will be accelerated following completion of the landmark US35 million farm-in agreement with the over US3 billion market capitalised Lundin Mining Corporation (TSX: LUN), providing US6 million of committed funds for drilling.

Recent results include more thick intersections of up to 398 metres at 0.43% copper equivalent from 32 metres, including 46 metres at 0.85% copper equivalent, from the Central Porphyry Zone.

They also include higher grade results of up to 90 metres at 0.55% copper equivalent from 116 metres from the Cerro de Oro porphyry zone, located 1 kilometre to the south, where a breccia zone has been identified.

Importantly, the latest results have further extended the high grade core within the Central Porphyry Zone, which already hosts 51 million tonnes at 0.5% copper equivalent of the total current resource.

This core is easily accessible and has the potential to provide higher grade feed during the early stages of production, which could significantly enhance project economics.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help