http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Sat, 21 Apr 2018 23:51:52 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - Papua Mining identifies two intrusion-related gold/copper systems at Marengo ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9105/papua-mining-identifies-two-intrusion-related-goldcopper-systems-at-marengo-9105.html Thu, 19 Apr 2018 11:04:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9105/papua-mining-identifies-two-intrusion-related-goldcopper-systems-at-marengo-9105.html <![CDATA[News - Papua Mining surges as it identifies two intrusion-related gold/copper systems at Marengo ]]> http://www.proactiveinvestors.co.uk/companies/news/195042/papua-mining-surges-as-it-identifies-two-intrusion-related-goldcopper-systems-at-marengo-195042.html Field mapping and rock sampling at Papua Mining PLC's Marengo gold project in Queensland, Australia has defined two intrusions with multiple veins.

The veins host strongly-anomalous gold, copper and silver mineralisation up to 59 grams per tonne (g/t) gold, 4.58% copper and 297 g/t silver at the surface.

WATCH: Papua Mining identifies two intrusion-related gold/copper systems at Marengo

Papua Mining said 28% of the rocks returned assays above 1.0 g/t gold, with an overall average grade of all rocks collected being 3.6 g/t gold.

"Our recent work at Marengo has identified two previously-unidentified intrusion-related gold/copper circular features characterised by porphyritic rocks, high-grade copper/gold mineralisation at surface, strong alteration and geologically-important ring fractures, faults and vein-swarms,” said David Price, the chief executive officer of Papua Mining (PML).

Gradient array induced polarisation (IP) geophysics is planned for Marengo to assist detailed drill targeting, the company revealed.

A new copper/silver target has been discovered in an area known as Bee Creek, with high-grade copper, silver and gold up to 17.7% copper, 342 g/t silver and 2.9 g/t gold, PML added.

“The discovery of high-grade copper and silver at Bee Creek is an exciting development, which supports our belief that Marengo is showing potential for the discovery of a significant gold/copper/silver mineralising system,” Price commented.

“Papua now has a second project which provides a pathway for strong, organic-growth for the company. Our objective of growing PML through discovery and development is enhanced by the identification of these two exciting systems at Marengo," Price concluded.

Shares in Papua were up 9.1% at 0.90p after the announcement.

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Mon, 16 Apr 2018 12:07:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/195042/papua-mining-surges-as-it-identifies-two-intrusion-related-goldcopper-systems-at-marengo-195042.html
<![CDATA[RNS press release - Mapping at Marengo Identifies Au/Cu Systems ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180416110342_13605690/ Mon, 16 Apr 2018 11:03:42 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180416110342_13605690/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180327092902_13582701/ Tue, 27 Mar 2018 09:29:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180327092902_13582701/ <![CDATA[News - Papua Mining lands high grade gold exploration area in Queensland ]]> http://www.proactiveinvestors.co.uk/companies/news/193298/papua-mining-lands-high-grade-gold-exploration-area-in-queensland-193298.html Papua Mining PLC (LON:PML) told investors that a ‘permit to mine’ has been granted for the Monarch exploration area in Queensland.

It means that the Monarch exploration tenement has been granted to Papua for a five-year period.

READ: Papua Mining reports high grade gold from the Double Event prospect in Queensland

The area is located in a region that’s relatively rich in gold mining – it is some 10 kilometres from the Charter Towers area which has yielded some 6mln ounces and 8.5 kilometres from the Mt Leyshon Gold Mine, which has produced 4mln ounces.

Papua highlighted that, within the Monarch area, there are more than 25 historical mine workings that are prospective for gold and silver, including one area (referred to as Mabel Jane) which, according to records, produced 298 ounces of gold from 220 tonnes of material. That would equate to a significant average grade of 45.73 grams per tonne gold.

David Price, Papua Mining chief executive, said: “Monarch hosts high-grade gold targets which appear similar to Double Event and Lower Lighthouse Prospects within the Lighthouse tenement.

“Papua will advance these prospects rapidly with an initial rock and soil sampling program, followed by RC drilling to test the veins at shallow depths.

“The Monarch veins haven't been drill-tested, so opportunity exists to discover a narrow, high grade, near-surface gold resource."

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Fri, 16 Mar 2018 10:16:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/193298/papua-mining-lands-high-grade-gold-exploration-area-in-queensland-193298.html
<![CDATA[RNS press release - Grant of Monarch Exploration Licence ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180316100145_13569950/ Fri, 16 Mar 2018 10:01:45 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180316100145_13569950/ <![CDATA[Media files - Papua Mining sees high grade gold from sampling at Double Event ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8867/papua-mining-sees-high-grade-gold-from-sampling-at-double-event-8867.html Mon, 12 Mar 2018 14:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8867/papua-mining-sees-high-grade-gold-from-sampling-at-double-event-8867.html <![CDATA[News - Papua Mining reports high grade gold from the Double Event prospect in Queensland ]]> http://www.proactiveinvestors.co.uk/companies/news/192979/papua-mining-reports-high-grade-gold-from-the-double-event-prospect-in-queensland-192979.html Rock sampling at the Double Event prospect owned by Papua Mining PLC (LON:PML) has delivered high grade gold results, sending its shares higher on Monday.

Approximately 25% of all rock samples returned assays at above 10 grams per tonne gold and Papua is now planning a reverse circulation drilling campaign to follow up on this work.

WATCH: Papua Mining looking to minimise expenditure risk as it advances key projects

Some assays returned results higher than one ounce per tonne, and the average grade from the rock samples was 8.45 grams.

The rock sampling, geological and structural mapping carried out by Papua has helped to refine the orientation of the lodes. Previously, the strike of mineralisation was thought to be east-west, however the true orientation of the lodes is now understood to be 115°.

With this new orientation being clarified, the interpretation is of multiple, parallel lodes, which provides a more specific target for future RC drilling at Double Event to delineate a near-surface, high-grade gold resource. 

WATCH: Papua Mining sees high grade gold from sampling at Double Event

Meanwhile, a company field team is currently in Papua New Guinea assessing core from previous drilling.

Elsewhere, a review of drilling from the Nov/Dec 2017 programme at the Plateau prospect in Australia is now complete, placing Plateau in the distal zones (upper levels) of a large, mafic mineralising system.

In afternoon trading, Papua Mining shares were 2.8% higher at 0.78p.

 -- Adds share price --

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Mon, 12 Mar 2018 08:17:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/192979/papua-mining-reports-high-grade-gold-from-the-double-event-prospect-in-queensland-192979.html
<![CDATA[RNS press release - Rock samples return over 1 ounce/tonne gold ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180312070715_13562456/ Mon, 12 Mar 2018 07:07:15 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180312070715_13562456/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180302095441_13552658/ Fri, 02 Mar 2018 09:54:41 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180302095441_13552658/ <![CDATA[RNS press release - Board Changes ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180221102721_13540873/ Wed, 21 Feb 2018 10:27:21 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180221102721_13540873/ <![CDATA[Media files - Papua Mining looking to minimise expenditure risk as it advances key projects ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8732/papua-mining-looking-to-minimise-expenditure-risk-as-it-advances-key-projects-8732.html Mon, 12 Feb 2018 10:43:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8732/papua-mining-looking-to-minimise-expenditure-risk-as-it-advances-key-projects-8732.html <![CDATA[RNS press release - Updated Company Presentation ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180208070003_13525589/ Thu, 08 Feb 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180208070003_13525589/ <![CDATA[Media files - Papua Mining Plc 'in a great position' after exciting drill results at Plateau ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8661/papua-mining-plc-in-a-great-position-after-exciting-drill-results-at-plateau-8661.html Thu, 25 Jan 2018 11:35:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8661/papua-mining-plc-in-a-great-position-after-exciting-drill-results-at-plateau-8661.html <![CDATA[News - Papua Mining sees early signs of 'significant project' at Plateau in Australia ]]> http://www.proactiveinvestors.co.uk/companies/news/190616/papua-mining-sees-early-signs-of-significant-project-at-plateau-in-australia-190616.html Papua Mining PLC's (LON:PML) first drilling at the Plateau prospect in Australia has reinforced its view that the prospect is geologically similar to the nearby Mt Wright gold mine.

Plateau is in the vicinity of a number of major gold deposits such as Mt Leyshon, Pajingo, Mt Wright and Ravenswood, said David Price, chief executive, and it is seeing similar geological, geochemical and geophysical characteristics to those operations.

WATCH: Papua Mining looking to minimise expenditure risk as it advances key projects READ: Papua Mining very active in cracking on with exploration in Queensland

 

"The consistently wide intervals of multi-element mineralisation being encountered at Plateau indicate another breccia complex similar to the 1.5mln ounce Mt Wright mine may exist at Plateau."

Price added that the drill results had returned wide zones of mineralisation.

“The gold results including 22m at 1.9g/t Au are very exciting, as are the broad elevated intervals of other elements."

Notable grades of silver, zinc and copper were all recorded.

“We believe we are starting to see early signs of a significant project," said Price.

READ: Papua Mining selects Queensland as place to rebuild with BGM buy

He added that it was important to note the main lode mineralisation at Mt Wright was not intersected until 160m below the surface and extended down to 1,200m below the surface.

The deepest hole in Papua’s drill programme only went down to 250m.

Next steps will be the acquisition of available geophysical data, more geological modelling and mapping, sampling and structural analysis.

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Thu, 25 Jan 2018 09:20:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190616/papua-mining-sees-early-signs-of-significant-project-at-plateau-in-australia-190616.html
<![CDATA[RNS press release - Update of Plateau Project & further drill results ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180125082215_13509190/ Thu, 25 Jan 2018 08:22:15 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180125082215_13509190/ <![CDATA[RNS press release - New Exploration Licence Application ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180118070002_13500369/ Thu, 18 Jan 2018 07:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180118070002_13500369/ <![CDATA[RNS press release - Initial Drilling Results at Lighthouse ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180110080448_13491231/ Wed, 10 Jan 2018 08:04:48 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180110080448_13491231/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180108070005_13487723/ Mon, 08 Jan 2018 07:00:05 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20180108070005_13487723/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171222130846_13476467/ Fri, 22 Dec 2017 13:08:46 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171222130846_13476467/ <![CDATA[RNS press release - Companies House Notice ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171219143111_13471259/ Tue, 19 Dec 2017 14:31:11 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171219143111_13471259/ <![CDATA[RNS press release - Board Change ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171219102226_13470819/ Tue, 19 Dec 2017 10:22:26 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171219102226_13470819/ <![CDATA[RNS press release - New Exploration Licence Application at Lighthouse ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171218075406_13468720/ Mon, 18 Dec 2017 07:54:06 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171218075406_13468720/ <![CDATA[RNS press release - Drilling Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171207093428_13457325/ Thu, 07 Dec 2017 09:34:28 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171207093428_13457325/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171124124554_13443444/ Fri, 24 Nov 2017 12:45:54 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171124124554_13443444/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171123143132_13442293/ Thu, 23 Nov 2017 14:31:32 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171123143132_13442293/ <![CDATA[RNS press release - Commencement of Drilling ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171122140001_13440727/ Wed, 22 Nov 2017 14:00:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171122140001_13440727/ <![CDATA[RNS press release - Exploration Licence Application at Lighthouse ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171116074158_13433771/ Thu, 16 Nov 2017 07:41:58 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171116074158_13433771/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171103084327_13419594/ Fri, 03 Nov 2017 08:43:27 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171103084327_13419594/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171103070004_13419206/ Fri, 03 Nov 2017 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171103070004_13419206/ <![CDATA[RNS press release - Lighthouse Gold Project Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171030075948_13412826/ Mon, 30 Oct 2017 07:59:48 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171030075948_13412826/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171024130440_13407284/ Tue, 24 Oct 2017 13:04:40 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171024130440_13407284/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171020151004_13404360/ Fri, 20 Oct 2017 15:10:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171020151004_13404360/ <![CDATA[Media files - Papua Mining very active in cracking on with exploration in Queensland ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8260/papua-mining-very-active-in-cracking-on-with-exploration-in-queensland-8260.html Thu, 19 Oct 2017 10:34:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8260/papua-mining-very-active-in-cracking-on-with-exploration-in-queensland-8260.html <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171018164902_13401363/ Wed, 18 Oct 2017 16:49:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171018164902_13401363/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171018093301_13400586/ Wed, 18 Oct 2017 09:33:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171018093301_13400586/ <![CDATA[RNS press release - Corporate Presentation ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171016080002_13397338/ Mon, 16 Oct 2017 08:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171016080002_13397338/ <![CDATA[RNS press release - Result of AGM and General Meeting ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171013155640_13396727/ Fri, 13 Oct 2017 15:56:40 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20171013155640_13396727/ <![CDATA[News - Papua Mining selects Queensland as place to rebuild with BGM buy ]]> http://www.proactiveinvestors.co.uk/companies/news/184230/papua-mining-selects-queensland-as-place-to-rebuild-with-bgm-buy-184230.html Papua Mining PLC (LON:PML) has chosen a company with assets in Queensland as its first move outside of Papua New Guinea.

BGM, a private Australian company, has three projects covering copper, gold, silver and zinc and will be acquired at cost of £648,000 payable in shares and £50,000 in cash.

Papua is raising £1.39mln at 1.15p to refinance ahead of the completion of the deal, while major shareholder Thalassa Holdings will also sell its 40mln shares alongside the placing.

Board changes

Two of BGM’s directors will take senior managerial positions at Papua with David Price to become chief executive, while John Haggman will become technical director.

They have agreed to invest £118,400 into Papua through the placing, while another director, Michael Somerset-Leeke, will invest a further £149,500 at 1.15p in addition.

Paul Johnson also joins the board as a non-executive director.

Hugh McCullough, chairman, said the acquisition would refresh and reinvigorate Papua Mining.

“BGM is ideally placed to deliver rapid yet moderate cost exploration findings in a well-known and highly prospective area of Australia. 

“The balanced mix of interests, with copper, silver, zinc and gold at the core, provides inherent resilience with the robust strength in copper and zinc commodity pricing of late, complemented by the protective nature of precious metal - gold interests.”

He added its copper porphyry exploration work in PNG also meant it now held an extensive geological database with considerable value.

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Tue, 19 Sep 2017 14:15:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184230/papua-mining-selects-queensland-as-place-to-rebuild-with-bgm-buy-184230.html
<![CDATA[RNS press release - Publication of circular and notice of AGM and GM ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170919125811_13367973/ Tue, 19 Sep 2017 12:58:11 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170919125811_13367973/ <![CDATA[RNS press release - Conditional Subscription by Director ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170918133524_13366440/ Mon, 18 Sep 2017 13:35:24 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170918133524_13366440/ <![CDATA[RNS press release - Conditional Placing and Acquisition ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170918104118_13366088/ Mon, 18 Sep 2017 10:41:18 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170918104118_13366088/ <![CDATA[RNS press release - Interim Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170913160001_13361898/ Wed, 13 Sep 2017 16:00:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170913160001_13361898/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170726164551_13308721/ Wed, 26 Jul 2017 16:45:51 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170726164551_13308721/ <![CDATA[RNS press release - Final Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170630070002_13278686/ Fri, 30 Jun 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170630070002_13278686/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170614120019_13260322/ Wed, 14 Jun 2017 12:00:19 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170614120019_13260322/ <![CDATA[RNS press release - Board Change ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170609121451_13255669/ Fri, 09 Jun 2017 12:14:51 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170609121451_13255669/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170606070001_13249880/ Tue, 06 Jun 2017 07:00:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170606070001_13249880/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170524171235_13237573/ Wed, 24 May 2017 17:12:35 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20170524171235_13237573/ <![CDATA[RNS press release - Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20161129070010_013049232/ Tue, 29 Nov 2016 07:00:10 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3906/LSE20161129070010_013049232/