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

Gold Anomaly soars on start of testwork for gold mining at PNG  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 04/02/2013

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093605658%26title%3dGold-Anomaly-soars-on-start-of-testwork-for-gold-mining-at-PNG Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093605658%26title%3dGold-Anomaly-soars-on-start-of-testwork-for-gold-mining-at-PNG Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) Gold Anomaly (ASX:GOA) soared on back of commencement of test work for high grade zone development at its Crater Mountain gold project in Papua New Guinea.

The testwork would pave the way for a small scale operation by the end of 2014.

Shares in Gold Anomaly soared 50% to trade at 0.0030 a share.

The high grade zone is close to the Top Camp at the Crater Mountain's Nevera prospect, where previous drilling intersected bonanza gold including a drill hole sinking 46 metres at 5.9 grams per tonne gold including 2 metres at 98.2g/t.

Historical mining is also estimated to have yielded up to 2 ounces of gold per tonne and 15,000 ounces of gold have been extracted from shallow underground workings.

Gold Anomaly will now progress testwork in the zone with bulldozer/excavator benching of spur and underground exploration, initially focusing upon confirming the geological expectations of the area and bulk testing processing methods.

Separately, Gold Anomaly has also appointed Richard Johnson as general manager of its operations in PNG.

 






  MENA News Headlines
May 24 2013Gloom over French manufacturers lifts in May: survey ,AFP
(MENAFN - AFP) French manufacturers turned sharply brighter about their business prospects in May because activity was unexpectedly buoyant and orders were picking up, official survey data showed ...

May 24 2013Germany builds up new steam for growth ,AFP
(MENAFN - AFP) The German economy, the powerhouse in Europe, is picking up new steam and is set to gather speed later in the year after a weak start, data indicated on Friday. Consumers have the ...

May 24 2013India's Jet Airways shareholders approve Etihad deal ,AFP
(MENAFN - AFP) Shareholders of India's Jet Airways on Friday approved a deal in which Abu Dhabi-based airline Etihad will take a 24 percent stake in the private carrier, media reports said. Jet ...

May 24 2013Egypt's cash-strapped rulers woo former regime tycoons ,AFP
(MENAFN - AFP) Almost three years after an uprising fuelled by the old regime's venality, Egypt's cash-strapped Islamist government is making amends with businessmen who offer to pay their way back ...

May 24 2013German business confidence up unexpectedly in May: Ifo ,AFP
(MENAFN - AFP) German business confidence rose unexpectedly in May, data showed on Friday, as businesses in Europe's top economy express satisfaction with their situation and become more optimistic ...

May 24 2013Germany must spread cost of energy shift fairly: IEA ,AFP
(MENAFN - AFP) The International Energy Agency said Friday that Germany must shield its consumers from paying too much of the cost of its ambitious switch from nuclear power and fossil fuels toward ...

May 24 2013European stock markets recover slightly at open ,AFP
(MENAFN - AFP) European stock markets rebounded modestly at the start of trading on Friday following sharp losses suffered the previous day. London's benchmark FTSE 100 index rose 0.23 percent to ...

May 24 2013Bahrain expects economic growth by 5% in 2013 ,MENAFN
(MENAFN) Bahrain is expecting an economic growth of at least 5 percent during the current year, reported Arabian Business. This expectation was due to the rebound in oil production and the growth ...

May 24 2013UAE- Air Arabia arranges 2 weekly flights to Abha ,MENAFN
(MENAFN) Air Arabia started its flights to Abha in Saudi Arabia, this new service is the eighth city in Saudi that will be reached by the Sharjah based carrier, reported Gulf News. The Airline ...

May 24 2013India's Wockhardt shares dive on US import ban ,AFP
(MENAFN - AFP) Shares of Indian pharmaceuticals firm Wockhardt plunged nearly 19 percent Friday, a day after it said the US drugs regulator had banned imports from one of its manufacturing units ...

more...


 
Click to Apply






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