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MENAFN - ProactiveInvestors - Australia - 03/06/2012

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(MENAFN - ProactiveInvestors - Australia) From North America: West Kirkland Mining (CVE:WKM) Friday unveiled an initial NI 43-101 inferred mineral resource estimate for its TUG deposit located
in Utah, along the Long Canyon Trend.

Using a cut-off grade of 0.1 grams per tonne (g/t) gold, the TUG deposit is estimated to contain an inferred mineral resource of 679,000 gold equivalent ounces. West Kirkland expects an NI 43-101 report will be filed on SEDAR within 45 days.

Great Western Minerals Group (CVE:GWG)(OTCQX:GWMGF) announced Friday its initial NI 43-101 resource estimate for its Steenkampskraal rare earth property in South Africa, which satisfies the release conditions for the remaining funds under its US90 million convertible bond financing.

International oil and gas company WesternZagros Resources (CVE:WZR) said Friday that it will be presenting at the Stifel Nicolaus Energy Conference 2012 in June.

The Stifel Nicolaus Energy Conference 2012 will be hosted on June 7th at 3:15PM (EST) in Montreal, Quebec.

CanAm Coal Corp. (CVE:COE) swung to a fiscal first-quarter loss as production shortfalls crimped its bottom-line by 2.5 million, which overshadowed revenue growth.

The company posted a net loss of 952,486, or seven cents per share, compared with a profit of 227,604, or two cents a share, a year-ago.

Geomega Resources (CVE:GMA) closed on Friday its previously announced non-brokered private placement financing with the Cree Mineral Exploration Board and an institutional fund, raising 206,250.

Macarthur Minerals (CVE:MMS) announced Friday the results of metallurgical work that has "bolstered the potential" of its Ularring hematite project in western Australia.

 






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