http://www.proactiveinvestors.co.uk/blog/index.php Copyright 2008, Proactive in Brief Proactive in Brief en-US SPHPBLOG 0.4.8 http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-190207
Howard Cummer, Ph.D., a Hong Kong resident and former MD of Canpotex Hong Kong, which markets Canadian potash to China and Taiwan.

Jim Beaton, Ph.D., co-authored the 4th to 7th editions of the textbook “Soil Fertilty & Fertilizers” and has consulted to many fertilizer and agribusiness companies.

Eric Pedersen, Ph.D., with more than twelve years experience in technology development, product development and project management in the fertilizer industry.

Jeff Schoenau, Ph.D., a senior research scientist and adjunct professor in the Department of Soil Science, College of Agriculture and Bioresourses at the University of Saskatchewan.

Barry Mutlow, who has served on various committees with the Western Canada Fertilizer Association, the Canadian Association of Agri-Retailers, and the Canadian Fertilizer Institute.

Rick Knoll, a director of Raytech said:

"I have worked closely with four of the members of Raytec's newly formed advisory board and I have experienced the value that such a board can offer, particularly in the early stages of commercialization. I expect that the valuable advice and guidance of this board will position Raytec to capture the greatest value from both its existing and expanded potash resources."
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-190207 Proactive in Brief Tue, 19 Aug 2008 18:02:07 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-181634
Mercator Gold is a gold producing company, which is reviving the former gold producing area at Meekatharra, Western Australia.]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-181634 Proactive in Brief Tue, 19 Aug 2008 17:16:34 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-163556
The limonite horizon shows an average of 1.12 percent nickel, 0.12 percent cobalt and 47.76 percent iron for an average thickness of 2.88 meters. The deeper saprolite horizon shows an average of 1.42 percent nickel for an average thickness of 5.67 meters. The saprolite grade was noted to increase in the central area and included intercepts of 19.7 meters of 1.78 percent nickel, 18.1 meters of 1.69 percent nickel, and 12.75 meters of 1.86 percent nickel.

On August 12th Mindoro reported an NI 43-101 mineral resource estimate for Agata North. The current drill program is intended to completely drill out the Agata North resource to optimise the selection of processing technologies.]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-163556 Proactive in Brief Tue, 19 Aug 2008 15:35:56 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-155843
He joins Platmin after twenty years experience with Lenin, a major platinum company, where he was lately Senior Exploration Manager.

Platmin COO Terry Holohan commented:

"We are delighted that Jan has decided to join us at Platmin. He brings a wealth of knowledge and experience to our exploration efforts in the Bushveld Complex. We look forward to his contribution which will complement and strengthen our capacity at a management level."]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-155843 Proactive in Brief Tue, 19 Aug 2008 14:58:43 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-154428
Following the profitable sale of the Snow Mountain project, Central China Goldfields is currently focused on bringing the Dong Mao Huo gold mine back into production, and on the Nimu copper project where the company believes that here is potential for at least one major copper discovery.
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-154428 Proactive in Brief Tue, 19 Aug 2008 14:44:28 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-151528
Metals Exploration is focused on discovering and developing high value mineral resources within the Southeast Asia - Pacific region, particularly the Philippines.
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-151528 Proactive in Brief Tue, 19 Aug 2008 14:15:28 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-150751 ]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-150751 Proactive in Brief Tue, 19 Aug 2008 14:07:51 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-145313 http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-145313 Proactive in Brief Tue, 19 Aug 2008 13:53:13 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-141526
Drillhole DVE27 intercepted 1.1grams per tonne gold from surface to the bottom of the hole at 460 metres. Mineralisation is still open at depth and every metre of core was mineralised.

Harry Anagnostaras-Adams, MD of EMED Mining, said:

“'Drilling at Biely Vrch is at a very exciting stage. Indications are that our Slovakian tenements have realistic potential for substantial gold deposits. This result is particularly significant and we will provide shareholders with a more comprehensive update on progress in the forthcoming months.”
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-141526 Proactive in Brief Tue, 19 Aug 2008 13:15:26 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-140448
Tim Read, chairman of Kopane, said:

“We are delighted that Mike will be joining the Kopane Board, bringing to it extensive experience of diamond mining in Africa and sound business judgement. He will add considerable value in bringing the Liqhobong Main Pipe into full production."]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-140448 Proactive in Brief Tue, 19 Aug 2008 13:04:48 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-134833
Approximately 8,800 metres, of the 10,000 metre diamond and reverse circulation drilling program at Patricia is complete, and assay results have been positive to date with high grade intercepts recorded in all veins. Drilling at Central (hole PTDD015) and Cathedral veins (hole PTRC079) have both revealed high grade mineralisation at depth.

Recent operational highlights include recognising that mineralised veins extend with high grades at depth at Patricia, the start of drilling at La Rosa porphyry-copper prospect, and appointing Golder Associates to undertake scopingsStudy which is expected to be complete by the end of November 2008.]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-134833 Proactive in Brief Tue, 19 Aug 2008 12:48:33 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-121831 http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-121831 Proactive in Brief Tue, 19 Aug 2008 11:18:31 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-115513
EBITDA to the end of June 2008 was £13.7 million on gold sales of 99,078 oounces, which included a year of mining operations at Barberton and eleven months of Pan African’s overall operations. Since the acquisition, Pan African has benefited from a robust gold price and has now closed its hedge book. Pan African has increased its capital expenditure at the Barberton miens and its spending at its projects in Mozambique, Ghana and the
Central African Republic.]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-115513 Proactive in Brief Tue, 19 Aug 2008 10:55:13 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-104006
The package of licences acquired from Odyssey includes several licences, which contain the existing 43-101 resource. Ariana’s total ground-holding in Turkey now amounts to about 1050 square kilometres, excluding the joint venture licences in eastern Turkey

Dr. Kerim Sener, Managing Director of Ariana Resources, said:

"Following our recent dealings on the Tavsan project, our licence portfolio in western Turkey is now even more focused on the WAVE (Western Anatolian Volancic and Extensional) project area, which enables an ease of logistics and better use of our human and financial resources. The Company holds some of the best exploration properties in western Turkey and we look forward to developing our licence portfolio and target stream yet further."]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080819-104006 Proactive in Brief Tue, 19 Aug 2008 09:40:06 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080818-192025 http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080818-192025 Proactive in Brief Mon, 18 Aug 2008 18:20:25 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080818-124440
The company will make an initial payment of $1 million, with the balance to be paid later. Invepetrol holds an 18.05% participating interest in Union Temporal, the operator and licence holder of the Nancy, Burdine and Maxine oil fields in the Putumayo Basin of Southern of Colombia. The acquisition takes Gold Oil’s stake in Invepetrol to 58.05% (representing 27.29% of net production) Invepetrol was recently appointed project manger for these assets.

Meanwhile, at the San Alberto XXI-2, onshore Peru well, drilling reached the planned depth of 5,200 feet without an hitches, and preparations are being made to log the open-hole section of the well. Following this the upper Verdun sands will be perforated and tested..
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080818-124440 Proactive in Brief Mon, 18 Aug 2008 11:44:40 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080818-121640
The board have made these changes because its key priority is to deal with the technical and operational challenges involved in bringing its Tasmanian, Scotia and Endurance, tin and sapphire projects into production.

The board has also decided to close the company’s Sydney office and move its administration and financial control functions to Tasmania. The company has drawn down the full amount of the initial loan facility of £3M from the Galena Special Situations Master Fund and refinanced its debts and repaid certain other creditors.

An operational update can be expected before the company’s AGM scheduled for 29 August 2008.]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080818-121640 Proactive in Brief Mon, 18 Aug 2008 11:16:40 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080818-115309
Synchronica will issue 85,102,041 new ordinary shares to AXIS to complete the acquisition, which will be funded by raising £5.1million from two institutional placings. The company reports that these placing, of 169,466,399 new (1.0p) ordinary shares at 3p per share, are supported by a number of existing and new investors.

Synchronica's CEO, Carsten Brinkschulte said:

“We aim to build a world-leader in the market of consumer mobile email and synchronisation solutions, and this acquisition is a key milestone which will improve our competitive positioning and accelerate our commercial growth”

Synchronica also announced that Sun Microsystems Inc has confirmed it option the first major version of its server sync suite.]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080818-115309 Proactive in Brief Mon, 18 Aug 2008 10:53:09 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080814-095321
In the past 10 months Braemore has smelted 8,279 tonnes of low grade PGM/high grade chromium content feed to production 15,000 ounces of PGMs and Gold. Typically PGM smelters in South Africa cannot cope with high amounts of chromium in the ore, allowing the ConRoast technology to capture market share for higher chromium content feed.

Braemore anticipates that once the expansion is complete, the demonstration smelter will produce 20,000 ounces of PGMs by year-end, depending on the feed grade.

Leon Coetzer, CEO of Braemore Resources plc, commented:

“The smelter upgrade is a significant next step in Braemore's strategy of bringing the ConRoast process into full commercial production. Small scale roasting and smelting tests on a range of PGM concentrates have now been satisfactorily demonstrated, and the trial converting tests of the PGM alloy have been successful. These samples have been used as feed for subsequent additional leaching tests on the alloy and a conceptual design has been prepared for a hydrometallurgical pilot plant.”
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080814-095321 Proactive in Brief Thu, 14 Aug 2008 08:53:21 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080814-093610
Drill hole GJ14 cut 65.1 metres grading 0.52% copper and 0.025% molybdenum, or 0.75% copper equivalent from only 1.7 metres below surface. The assay also suggested that around 80% of the copper mineralisation was oxidised, a crucial factor in the potential cost of extracting the copper and molybdenum from.

GJ14 extended the known copper oxide zone at Guqing to 460 metres in length, 60 to 80 metres in width and 45 to 58 metres in thickness.


Jeff Malaihollo, Managing Director of Central China Goldfields, summarised:

"The results of holes GJ07 to GJ14 have confirmed the southeastern copper-rich centre at Guqing. Mineralisation there is near surface and has been detected across an area of approximately 460 metres long, up to 150 metres wide and up to 250 metres deep. The near surface portion of this has significant amounts of oxide copper present. We are now testing the second area, East Nading, 900 metres to the north of Guqing.”




]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080814-093610 Proactive in Brief Thu, 14 Aug 2008 08:36:10 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080814-090927
Assays from upper sections of the first two holes had been returned, and included 11 metres grading 0.5 grams per tonne gold, 0.66% copper in Hole Kam 1, which was within the skarn rocks. The second hole, drilled through weathered diorite, and returned 29 metres grading 0.15% copper, and 3.2 metres grading 1.35 grams per tonne gold and 1.49% copper in skarn rock. The assays from the remainder of the holes are pending, as are results for the magnetite grade.



Geoff Davis, Managing Director of Medusa, stated:

"The Company is delighted with the success from the first two on-going holes at Kamarangan. These demonstrate that the previously identified regional-scale features are indeed linked to a potentially major mineralised porphyry system, with indications of significant mineralisation in the surrounding rocks. As soon as more rigs are available, Kamarangan together with Lingig and the on-going drilling at Co-O will be the major foci for some time to come."
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080814-090927 Proactive in Brief Thu, 14 Aug 2008 08:09:27 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080813-104513
The Sugarkane Prospect is operated by Texas Crude Energy Inc, who this morning confirmed that the Kowalik 1H vertical well had reached target depth of 11,970 feet. While drilling through the Austin Chalks, the primary target, the well recorded elevated readings of gas. The Kowalik 1H well will now be logged and plugged and sidetracked before Texas Crude commences a horizontal well through the Austin Chalks to maximise flow rates.

Meanwhile, at the Kennedy 1H well, the operator confirmed that the well had been shut in while a production facility and tie-in to the nearby gas line is completed. Before shutting in, the well was producing approximately 180,000 cubic feet of gas and 33 barrels of condensate per day with small amounts of frac fluid.

The past twelve months have been particularly active for Empyrean Energy with a largely successful campaign of shallow wells in Texas bringing the company its first cash flow.
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080813-104513 Proactive in Brief Wed, 13 Aug 2008 09:45:13 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080813-090804
Empresa Guaracachi is Bolivia’s largest electricity utility and is listed on the Bolivian stock exchange. In the twelve months to December 2007, Guaracachi increased its generating capacity to 79MW, which enabled it to pay out US$6 million in dividends. Guaracachi provides more than 40% of Bolivia’s electricity, and this is expected to exceed 50% by the end of this decade. As Bolivia is well endowed with natural gas, Guaracachi anticipates that it will export electricity to Argentina and Brazil, with a planned 120 MW plant at Yacuiba.

]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080813-090804 Proactive in Brief Wed, 13 Aug 2008 08:08:04 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080813-085441
The scoping study confirmed that the project as it currently stands would not likely support a commercial mine. However, Murchison United also noted that the study did highlight that synergies could be achieved with the nearby Nifty Copper Mine, which is owned by Aditya Birla Minerals.

“While Murchison continues to work with Adity Birla Minerals to advance the Maroochydore Project, the Company remains focussed primarily on the exploration and development of its portfolio of uranium projects in West Africa as the basis for development of a substantial long-term uranium business” the Company stated.

Murchison recently announced an agreement with Areva, the French nuclear heavyweight, on uranium exploration in Mauritania.
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080813-085441 Proactive in Brief Wed, 13 Aug 2008 07:54:41 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080813-083403
The funds raised will be ‘primarily’ used to complete a bankable feasibility study on the Boseto Copper Project.


Discovery Metals' Managing Director, Mr Brad Sampson, stated:

"The financing, which was carried out at the prevailing market price for Discovery Metals' shares, provides a solid financial platform for the company as it progresses with its Bankable Feasibility Study on the Boseto Copper Project in north-west Botswana.”

Discovery already has already outlined an inferred and indicated resource of 49 million tonnes grading 1.2% copper, including an inferred resource of 8.9 million tonnes grading 1.4% copper. The company also released a pre-feasibility study recently, which looked at the economics of building an open-cut mine processing 2 million tonnes of ore per annum from 2011, producing 23,500 tonnes of copper and 780,000 ounces of silver, annually, for 10 years.
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080813-083403 Proactive in Brief Wed, 13 Aug 2008 07:34:03 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080812-125458
Following the transaction, Mr. Gregory holds 3.215 million shares, or 1.33% of the company. This is the third transaction completed by Rusina’s CEO in the past few weeks.

The options were exercised at a 26% premium to Rusina’s closing price on the ASX on August 11 of A$0.13.

“The exercise of the options above the current market price is a clear signal to our valued shareholders, and the broader equities market, that Rusina’s management and the Board firmly believes that the ordinary shares on issue in this Company and as traded on the ASX, are significantly undervalued,”

“Rusina has emerged in 2008 as a maiden nickel producer from our flagship Acoje project in the Philippines, has struck financial, research, project development and mining agreements with international and Philippine national resources majors, and is well placed for project scale-up with little dilution to existing shareholders.

“That is a significant position in this current equities climate for any young producer and the exercise of options above market values is testimony to what we see is a solid near, medium and long-term outlook for Rusina.” commented Mr. Gregory.]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080812-125458 Proactive in Brief Tue, 12 Aug 2008 11:54:58 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080812-124621
Mr. Clayton brings almost four decades of experience in various fields of infrastructure, engineering and mechanical maintenance in the mining industry. He was recently Project Manager for the expansion of the Banpu Coal Port at Bontang in Indonesia, and also previously worked as Senior Project Manager for Rio Tinto's expansion at Yandi in Australia.


Churchill Mining's Managing Director Paul Mazak stated:

"We are pleased that Churchill has attracted a Technical Director of such high calibre and strong international project management experience. John has local expertise and in-country knowledge which is suited to Churchill's operations. We believe his appointment will strengthen the Churchill team which will lead and manage the East Kutai Coal Project through to production."




]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080812-124621 Proactive in Brief Tue, 12 Aug 2008 11:46:21 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080812-121627
Enegi Oil has a 100% interest in Garden Hill South through its Canadian subsidiary, PDI Production Inc. A rig has arrived on site, and is being prepared for drilling. Previous production tests from Garden Hill South produced 24,000 barrels of 51° API crude oil. The field is estimated to have a mean resource of 8.6 million barrels of oil equivalent.

The rig will first 'clean up' the bottom 130 metres of the well, which the company believes is blocked, before it drills further into the formation. Once the well has been logged, a horizontal sidetrack, expected to take 80 days, will commence. The horizontal track will be targeting the Aguathuna Formation. Previous studies completed for EnegiOil have estimated a successful horizontal sidetrack would produce between 2,000 and 2,500 barrels per day plus associated gas for the first year.


Alan Minty, Chief Executive Officer of Enegi, stated:

"With the Garden Hill South site now fully prepared, we are tremendously excited about commencing this drilling program. The Garden Hill South site has been fully prepared. The results of the recent pressure test on PAPž1-STž2 are very encouraging and a great first development in the overall drilling program. The horizontal sidetrack has always been our primary focus and it is forecast to be on production by the end of the year. The forecast levels of production from this well would make Enegi self-financing and allow us to deliver both our onshore and offshore development programs."



]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080812-121627 Proactive in Brief Tue, 12 Aug 2008 11:16:27 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080812-104954
The production rate of the well is currently 48,000 cubic metres of gas with a wellhead pressure of 92 bar, and is expected to increase over the next few days to a target of 85,000 cubic metres per day. The gas will be transported by pipeline to a processing facility 50 kilometres away.

Ascent also reaffirmed the partners commitment to acquire additional 3-D seismic over the Nyírség exploration permits and are studying the redevelopment of the Penészlek field.

Ascent Managing Director Jeremy Eng stated:

“This is an opportune moment to start production in Hungary considering the current strong gas prices and possibility for the sale of production on the domestic market where over 70% of gas consumed is imported. Going forward, the Company will look to increase cash flow by bringing further wells on stream in the area.”

Ascent also announced in the same press release that it has farmed down its interest in the Szolnok Gas Exploration Project to 12.5%, selling 15% to its local partner.
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080812-104954 Proactive in Brief Tue, 12 Aug 2008 09:49:54 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080812-104004
The resource update is part of a wider resource definition and exploration drilling program at the Co-O Mine in advance of an increase in gold production to 100,000 ounces of gold per annum by 2010.

Medusa stated that the high grade nature of the gold veins, and uniformity, that it would also be reporting future resources with a zero grams per tonne gold cut-off grade, as only 2.7% of the total resource fell between zero and three grams per tonne gold. Medusa also added that additional drilling at the western fringe of the deposit required further infill drilling before it could be included in the resource.

The new resource estimate as of 21 July 2008 is 2.5 million tonnes of indicated and inferred resources grading a combined 10.72 grams per tonne gold for 0.862 million ounces of gold using a zero grams per tonne gold cut-off.



Geoff Davis, Managing Director Medusa Mining, summarised:

"The resource statement extends the deposit to in excess of one million ounces including past production and we are very optimistic that this figure will be further increased by the on-going drill programme.

"The grade of the deposit continues to be maintained, and with the discovery of new mineralisation in new orientations, in conjunction with advancing geological knowledge, these factors all highlight the potential to increase the deposit size in the future."
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080812-104004 Proactive in Brief Tue, 12 Aug 2008 09:40:04 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080812-103239
The agreement includes the right for Diamond Wood to expand their production volumes to 750,000 cubic metres, an increase of 50%, the company said. Diamond Wood will pay 250,000 Euros immediately.

Greg Lee, CEO of Diamond Wood, said, “Our market analysis and customer feedback shows that there is considerable potential for Accoya® wood in China and we have had our sights set on higher capacity volumes and extending exclusivity for some time now. We are therefore delighted to have signed this further agreement and to have secured these terms.”

Finlay Morrison, CEO of Titan Wood, added, “This is a significant step forward for Accsys in this region as this agreement gives Diamond Wood the opportunity to further consolidate their strong early adopter advantage.”


]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080812-103239 Proactive in Brief Tue, 12 Aug 2008 09:32:39 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080811-131421
Red Rock also confirmed that it was continuing to "pursue opportunities" to develop its manganese interests in Zambia. The company has entered into an agreement with the holder of prospecting licence PLLS 241/1 which covers approximately 325 square kilometres east of Red Rock's Mkushi licence. The agreement allows Red Rock to purchase up to 80% of the license within 12 months of the agreement.






]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080811-131421 Proactive in Brief Mon, 11 Aug 2008 12:14:21 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080811-121337
Mr. McKenzie has worked for a number of mid and upper tier mining groups, including Kinross Gold, Inmet Mining and Hudson Bay Mining.

George Ogilvie, P.Eng, President and CEO, Rambler stated:

“We are pleased that Rambler has attracted a General Manager of such high calibre and strong international project management experience. Jason’s appointment, along with other recent hires, will strengthen the Rambler team as the Ming Mine progresses through its engineering studies, into construction and ultimately production.”


]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080811-121337 Proactive in Brief Mon, 11 Aug 2008 11:13:37 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080811-090853
Tianshan began with confirmation of a 'detailed geological mapping' program over the four major resource areas of Gold Mountain, with a view to updating its mineralisation model. Prospect mapping has also commenced on the Jilande Prospect. Rock chip samples have already confirmed encouraging results, and Tianshan stated that Jilande appeared structurally complex with small north-south structures cutting across main mineralised zone. Drilling at Jilande is earmarked for Q3.

Mapping and rock chip samples over the North Kezele tenement also confirm the need for further exploration, with a 2 kilometre strike ranging 30-50 metres wide identified. Dito for the Chart tenement where mapping and sampling has also confirmed mineralisation.

"Extensive prospecting", including mapping and sampling of the Tekexi, Awuliya and Jin Gu prospects have been completed, and have further supported the need for drilling. A large alteration system, some 600 metres by 200 metres in size, has also been highlighted from mapping at the Talede tenement.

On the corporate front, Tianshan also confirmed that renewal reports had been written and accepted for seven regional tenements, except the Naogaitu tenement which was surrendered. A renewal report for the Gold Mountain tenement was also written, submitted and accepted by the relevant authorities. Finally, the company reconfirmed its goal of completing the pre-feasibility study in Q3 2008 with a full feasibility study expected for completion by Q1 2009.









]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080811-090853 Proactive in Brief Mon, 11 Aug 2008 08:08:53 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080811-085000
The IP survey defined two 'moderately strong chargeability anomalies'. One of the anomalies appeared to have an east-west strike of some 900 metres and width of 300 metres, and was interpreted to be a "a very favourable setting for volcanic massive sulphide (VMS) copper-gold style of mineralisation." The second anomaly has a east-west strike of 400 metres up to 250 metres in width, and is still open to the west. Kefi stated that the IP results were interpreted "as being indicative of the occurrence of potentially economically significant levels of sulphide mineralisation".

Drilling is expected to commence in September to test the anomalies. Previous surface grab and channel samples have returned values of up to 3.6% copper, 4.6 g/t gold, 67 g/t silver and 1,070 g/t zinc
from mineralised alteration zones at Bakir Tepe, the company added.

"The results of the IP survey at Bakir Tepe confirm our view of the potential of the area to host significant copper-gold mineralisation and have provided valuable data for planning the initial phase of drill testing. The three planned diamond drill holes will test the possibility that the IP anomalies represent part of an extensive hydrothermal system with the potential to host a large tonnage mineralised body." summarised Jeff Rayner, Managing Director of Kefi.


]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080811-085000 Proactive in Brief Mon, 11 Aug 2008 07:50:00 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080811-083928
The share purchase increased the non-executive Chairman's stake to 990,620 shares.

Murchison United recently announced a ground breaking joint venture with French nuclear heavyweight Areva to fast track exploration in Mauritania.
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080811-083928 Proactive in Brief Mon, 11 Aug 2008 07:39:28 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080808-084541
Under the terms of the private placement, the Sacre-Couer has issued 2.5 million units at C$1.45 per Unit to two institutional investors, including RAB Special Situations Fund. The transaction was increased from the 2,000,000 Units previously announced.

Each Unit consists of one common share of the Company and one-half of one share purchase warrant. Each whole Warrant entitles the subscriber to purchase one additional common share of the Company at an exercise price of C$1.75 until August 8, 2010.


Irwin Olian, CEO of Sacre-Couer stated: “We are gratified for the continued support of our strong investor base, even in this rather difficult financial environment. We particularly appreciate the investment of RAB Special Situations (Master) Fund Limited, who took down 80% of the placement and have been a consistent supporter of the Company since its IPO.”


]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080808-084541 Proactive in Brief Fri, 08 Aug 2008 07:45:41 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080807-085816
The resource statement was based on 28,852 metres of an ongoing 60,000 metre drilling program over the Granet Valley, New Camp and Ida Central Zones that make up part of the Ida Dome Project. The Ida Dome Project lies within the Husab Uranium Project in Namibia’s well known uranium district which is already home to several other uranium deposits, including the Rossing Uranium Mine operated by Rio Tinto. Extract announced today an inferred resource of 25.1 million pounds of U308 based on 48% of the planned drilling for this year. The resource statement was ahead of expectations, and Extract stated that it now believed the yearend target of 41.2 million pounds would be exceeded.

Managing Director of Extract Resources, Peter McIntyre, stated:

“It is extremely pleasing to announce our maiden resource for Ida Dome; it is a solid start for our resource base, and will grow substantially from ongoing work at Ida Dome and from Rossing South to the north. While the Rossing South discovery has recently shifted much of the focus, the Ida Dome Project is still shaping up as a significant project in its own right.' He said that 'the results are also validating the assumptions incorporated in the October 2007 Scoping Study for Ida Dome, which includes the higher-grade Holland's Dome area currently being drilled.”
]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080807-085816 Proactive in Brief Thu, 07 Aug 2008 07:58:16 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080807-084542
Agrowind will be tasked with all pre-construction activities, including permitting and grid access. The projects will then be handed over to Eurotrust for construction and operation. The first 100MW of capacity is expected to be online by the third quarter 2010.

In the same breath, Eurotrust also confirmed that it had decided to drop a number of other projects in Greece, Poland, Bulgaria and Germany that were "unlikely to achieve its required technical or financial performance levels".

The Eurotrust portfolio therefore now includes 645MW of planned capacity in Italy and Poland.
Robert Skjødt, CEO of EuroTrust stated:

"Following the portfolio review, we have now strengthened the quality of our development pipeline and, with the Agrowind deal, increased its size from 335 MW to 645 MW. We are now well positioned to focus all our management efforts on delivering the portfolio's value, further increasing its scale and creating a substantial and fast growing player in the European wind energy sector."

]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080807-084542 Proactive in Brief Thu, 07 Aug 2008 07:45:42 GMT http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080807-083536
The Quirinus prospect was confirmed as a discovery last year after Discovery intersected copper-silver mineralisation in the first three holes drilled into the prospect. Since then, Discovery has been conducting extensive geochemical sampling and mapping over the area to better pinpoint the areas of most interest for follow up drilling.

The company has already defined 49.1 million tonnes of inferred and indicated resources from the Zeta, Plutus and Petra prospects grading 1.2% copper at an average cut-off grade of 0.6% copper.

Today Discovery said that three discrete anomalous copper zones had now been delineated at Quirinus over 13.4 kilometres, with one zone extending over 8 kilometres of the northern limb of Quirinus.

"Importantly, Discovery Metals has a successful 100% track record of conversion of copper soil geochemical anomalies into mineralisation defined in drill holes beneath these anomalies at the Boseto Copper Project." the company said.

"Discovery Metals has 1,300 kilometres of prospective strike length to explore within its 100%-owned tenement package. A diamond drilling program has commenced at Quirinus and we look forward to the initial assay results by the end of the quarter" added Discovery Metal's Managing Director, Brad Sampson.



]]> http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry080807-083536 Proactive in Brief Thu, 07 Aug 2008 07:35:36 GMT