Proactiveinvestors United Kingdom Renegade Exploration Ltd https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Renegade Exploration Ltd RSS feed en Fri, 24 May 2019 20:11:31 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Overland Resources Limited to raise cash, potential new business opportunities ]]> https://www.proactiveinvestors.co.uk/companies/news/160471/overland-resources-limited-to-raise-cash-potential-new-business-opportunities-67575.html Overland Resources Limited (ASX:OVR) is readying capital raising details, with the ASX granting the company a trading halt to complete.

Adding interest, in the December 2015 quarterly, the company said that it had received several approaches regarding new business opportunities.

The halt will remain in place until the opening of trade on Monday 21st March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 17 Mar 2016 13:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/160471/overland-resources-limited-to-raise-cash-potential-new-business-opportunities-67575.html
<![CDATA[News - Overland Resources samples high grade zinc at Yukon in Canada ]]> https://www.proactiveinvestors.co.uk/companies/news/160470/overland-resources-samples-high-grade-zinc-at-yukon-in-canada-59088.html Overland Resources (ASX:OVR) has received the final analytical results from 362 geochemical soil samples collected recently at the Yukon Base Metal Project in Canada.

Results have highlighted an area that is highly anomalous in zinc at the Junction Project which significantly elevates the prospectively of this previously under-explored area.

Overland is planning additional sampling over the Junction Project in 2015.

The company’s Yukon Base Metal Project covers 305 square kilometres of the central Selwyn Basin, in an area with similar geology and structural domains as the Anvil District, 125 kilometres south of the Andrew Zinc Deposit.

Importantly a number of deposits were discovered, and mined, in close proximity to one another in the Anvil District, supplying 3% of the world’s zinc in 1989.

Overland considers there is potential to discover additional deposits along strike from those already known within the under-explored Yukon Base Metal Project.

With the recent renewal of the mining land use permit, Overland mobilised a technical team to undertake first pass geological mapping and soil sampling over several of the regional targets at the Junction and Selous Project areas.

At the Junction Project, results indicate areas anomalous in zinc of over 400 ppm in the northern portion, including highly anomalous assay results up to 3,990 ppm zinc.

These results compare favourably with the elevated zinc results that were originally recorded over the Andrew, Darcy and Darin Zinc Deposits, which currently host resources that total 12.6 Mt at 5.3% zinc and 0.9% lead.

The highest 20 anomalous results from initial systematic soil sampling around these prospects included results ranging between 1,565 ppm to 11,900 ppm zinc.

These latest results are particularly encouraging because samples were very broadly spaced, and they were collected over an area that had previously been subject to virtually no exploration.

These results provide further support to the concept that additional significant zinc deposits could be discovered in the area, where structural and lithological domains are similar to those in other SEDEX terrains within the Yukon.

A follow-up exploration program will be undertaken in 2015, with an aim of delineating additional high grade resources that are amenable to open pit mining.

This which would have a positive impact on the economics of developing a mining operation at the Yukon Base Metal Project.

Overland currently has $900,000 cash at hand, low overheads and a market cap of under $3 million.

The company is also evaluating new quality project opportunities to add to its portfolio.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 20 Nov 2014 14:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/160470/overland-resources-samples-high-grade-zinc-at-yukon-in-canada-59088.html
<![CDATA[News - Overland Resources defines gold corridor at Rio Negro, Columbia. ]]> https://www.proactiveinvestors.co.uk/companies/news/160469/overland-resources-defines-gold-corridor-at-rio-negro-columbia-51845.html Overland Resources (ASX:OVR) has received final gold assays from soil and outcrop geochemistry at its Rio Negro project in Colombia.

The work program was designed to better define the areas of gold anomalism identified in previous mapping and rock-chip sampling programs at the central and northern target zones.

A total of 53 soil samples were collected along ridge lines, with results up to 9940 parts per billion gold, indicating the presence of an  anomalous gold-in-soil corridor trending broadly east-west.

This zone extends over at least 600 metres and is approximately 200 metres wide.

Notably, the orientation of this corridor is consistent with the structures believed to feed from the Bucaramanga Fault to the California goldfields further to the east.

The Rio Negro Project comprises 3 contiguous concession contracts and 3 pending concession applications covering  2,245 hectares of prospective ground along the Bucaramunga Fault Zone.

It is interpreted to lie at the intersection of the deep seated Bucaramunga Fault Zone and another oblique north-west trending structure that hosts the 10 million ounce Angostura and the 3.5 million ounce La Bodega gold deposits in the California gold fields.

Overland Resources secured an option to earn a 90% interest in the Project from Colombian Mines Corporation (TSXV:CMJ) in September 2013 and commenced initial field work in October.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 14 Jan 2014 10:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/160469/overland-resources-defines-gold-corridor-at-rio-negro-columbia-51845.html
<![CDATA[News - Overland Resources samples 19.95g/t gold at Rio Negro, Columbia ]]> https://www.proactiveinvestors.co.uk/companies/news/160468/overland-resources-samples-1995gt-gold-at-rio-negro-columbia-50496.html Overland Resources (ASX:OVR) has received final assay results from outcrop sampling at its Rio Negro Project in the Republic of Colombia.

Three anomalous gold zones were identified, with gold assays up to 19.95 grams per tonne returned.

Notably, alteration at northern gold anomalous zone is indicative of porphyry related intrusive activity.

This work program was designed to validate results reported by Colombian Mines Corporation and assist in generation of priority areas.

Overland will conduct soil geochemistry in December, focusing on the central and northern areas in order to define potential drill targets.

Rio Negro lies in the same structural corridor that hosts the 12 million ounce California gold fields in Colombia, and Overland continues to assess other potential mineral targets in the vicinity.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Mon, 25 Nov 2013 10:40:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/160468/overland-resources-samples-1995gt-gold-at-rio-negro-columbia-50496.html
<![CDATA[News - Overland Resources to acquire 90% interest in copper-gold porphyry project in Columbia ]]> https://www.proactiveinvestors.co.uk/companies/news/160467/overland-resources-to-acquire-90-interest-in-copper-gold-porphyry-project-in-columbia-48145.html Overland Resources (ASX:OVR) will trade higher today after entering into an agreement with Colombian Mines Corporation (TSXV:CMJ) for the right to earn a 90% interest in the Rio Negro copper-gold project in Northern Columbia.

The Rio Negro Project comprises 3 contiguous concession contracts together with 3 pending concession applications covering  2,245 hectares of highly prospective ground along the Bucaramunga Fault Zone.

Mapping has identified zones of intense sericite-silica alteration and potassic feldspar-magnetite-biotite alteration in intrusive rocks across the project. This is characteristic of porphyry related intrusive and epithermal mineralisation.

Early stage exploration between 2009-2012 by CMJ highlighted significant gold and copper results, with gold assays of up to 23 grams per tonne gold from rock chip and channel samples.

Modern mineral exploration activity at the Rio Negro Project area has been limited to rudimentary geological mapping and rock chip sampling at exposures along road cuts and within incised drainage areas through the northern and central portion of the project.

Notably, there has been no previous drilling in the area. Overland is to commence a low cost exploration program shortly, and is continuing to evaluate other Columbian assets for potential acquisition.

The project is interpreted to lie at the intersection of this major fault zone and another oblique north-west trending structure that hosts the 10 million ounce Angostura gold mine and the 3.5 million ounce La Bodega gold deposit in the California gold fields of Colombia.

The deep seated Bucaramunga Fault Zone is believed to be the primary control for the gold bearing magmas and fluids that resulted in the creation of the California field.

Overland will pay CMJ US$75,000 cash upon execution of the agreement, and issue US$75,000 of Overland shares within six months of signature at an issue price based on the 30 day VWAP preceding the date of signing or 30 day VWAP preceding the date of the issuance, whichever is lower.

On the first anniversary of signing Overland will pay CMJ US$150,000, or at Overland’s discretion, US$75,000 cash and US$75,000 worth of Overland shares based on the 30 day VWAP immediately prior to the issue of the shares. On the second anniversary Overland will make a further payment of US$150,000 on the same terms.

Overland is also required to spend US$150,000 at the project in year one, $250,000 in year two, and a minimum $200,000 to $700,000 in years three to seven.

In order to finalise its 90% interest Overland's minimum exploration expenditure must total US$5,000,000, including completion of a feasibility study.

The Rio Negro project is located 20 kilometres north of Bucaramanga, a city with a population of over 1 million people and an international airport. A major sealed highway runs the 16 kilometre length of the Project providing year-round access. Accommodation, food, fuel and electricity are readily available.

Given the absence of modern or detailed exploration, this project offers an exciting opportunity for Overland to make a new major discovery in an area displaying all the traits of a major mineralised field.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 18 Sep 2013 11:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/160467/overland-resources-to-acquire-90-interest-in-copper-gold-porphyry-project-in-columbia-48145.html
<![CDATA[News - Overland Resources queried over 93% share price hike ]]> https://www.proactiveinvestors.co.uk/companies/news/160466/overland-resources-queried-over-93-share-price-hike--37937.html Overland Resources (ASX: OVR) has drawn some investor interest which has resulted in a 93% share price hike to an intra-day high of $0.029 yesterday, up from a close of $0.015 on Friday 4 January.

The sudden spike has prompted the ASX to issue a price and volume query, with around 1.8 million shares changing hands alone yesterday and trades approaching the 1 million mark today.

Overland told the ASX it is not aware of any material information that has not been disclosed to the market, which may explain the sudden investor interest.

The company is currently working to identify and secure highly prospective ground and quality assets.

Overland is evaluating assets within financially distressed companies to determine whether there are opportunities with substantial upside where the company may be able to utilise its strong cash position to leverage into a high quality project for value.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 08 Jan 2013 14:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/160466/overland-resources-queried-over-93-share-price-hike--37937.html
<![CDATA[News - Overland Resources identifies open pit potential at Yukon, targets further resources ]]> https://www.proactiveinvestors.co.uk/companies/news/160465/overland-resources-identifies-open-pit-potential-at-yukon-targets-further-resources-30025.html Overland Resources (ASX: OVR) has identified the potential to optimise the economic returns from the Yukon Base Metal Project in Canada, through the development of two open pit operations.

Based on separate open pits at the Andrew and Darcy zinc deposits, Overland could recover a total of 8 million tonnes of ore at an average grade of 5% zinc and 1.5% lead over a seven year mine life.

Concentrates from Yukon would be transported by truck to the port of Skagway in Alaska.

Capital costs for the open pit operations have been estimated at US$227 million along with 20% contingency and US$20 million in pre-strip costs.

Overland has also revealed life of mine operating costs of about US$0.70 per pound of payable metal (zinc or lead).

Exploration focus

Based on the current uncertain market conditions, Overland plans to focus its resources on further exploration, with the aim of discovering further resources.

The company will explore for additional resource at Yukon, along with seeking to secure new assets to expand its project portfolio.

This activity will position the company well to re-start mine permitting activities once global economic conditions and commodity prices improve.

With cash reserves of $3.2 million, Overland is well funded to continue exploration activity.



Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Wed, 13 Jun 2012 09:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/160465/overland-resources-identifies-open-pit-potential-at-yukon-targets-further-resources-30025.html
<![CDATA[News - Overland Resources exploration at Yukon pays off with base metals JORC Resource increase ]]> https://www.proactiveinvestors.co.uk/companies/news/160464/overland-resources-exploration-at-yukon-pays-off-with-base-metals-jorc-resource-increase-26307.html Overland Resources (ASX: OVR) has revealed a 24.5% increase in the JORC Resource for the company’s Yukon Base Metals Project in Canada.

Overall, the JORC Resource for the Yukon Project has grown to 13.7 million tonnes at 5.3% zinc and 0.9% lead.

The bulk of the increase came from the Darcy zinc deposit, where the Resource has increased by 60% to 5.6 million tonnes at 4.7% zinc.

As a result of the increase at Darcy, Overland is considering a larger open pit mining operation as part of the current mine planning process.

In addition, the JORC Resource at the Andrew Zinc Deposit has grown 7% to 7.8 million tonnes at 5.8% zinc and 1.4% lead.

These Resource upgrades follow the 2011 drilling program at Yukon, which extended the strike length of known mineralisation at the Darcy and Andrew zinc deposits by 150 metres and 100 metres respectively.

Significantly, mineralisation at Andrew and Darcy, along with the Darin zinc deposit, remains open at depth, indicating potential to expand the resource base with deeper drilling.

Overland plans to undertake deeper drilling once the mining operation at Yukon is in production, with potential to extend the mine life through underground development.

At Andrew, mineralisation also remains open to the east.

Further drilling will be conducted to explore the strike extent of the Andrew deposit, in parallel with production drilling.

Once a review of the open pit mine design and schedule for the Darcy Deposit is complete, a production schedule will be developed for combined mining of the Darcy and Andrew deposits.

Using this method, Overland aims to optimise production and the utilisation of capital.

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Mon, 12 Mar 2012 14:50:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/160464/overland-resources-exploration-at-yukon-pays-off-with-base-metals-jorc-resource-increase-26307.html
<![CDATA[News - Overland Resources aims to update Yukon Base Metal Resource with 6m, 12.5% zinc intercept ]]> https://www.proactiveinvestors.co.uk/companies/news/160463/overland-resources-aims-to-update-yukon-base-metal-resource-with-6m-125-zinc-intercept-22132.html
Overland Resources (ASX: OVR) has extended the strike length of high grade mineralisation at the Andrew Zinc Deposit by 150 metres following the completion of a diamond drilling program.

The drilling program focused on the Andrew and Darcy zinc deposits, part of the company’s Yukon Base Metal Project in the highly prospective and under explored Selwyn Basin of the Yukon Territory, Canada.

Analytical results from 11 holes drilled at Andrew have been received, and included intercepts of:

- 6 metres at 15.4% zinc from 266 metres;
- 4 metres at 10.9% zinc from 336 metres; and
- 3 metres at 12.5% zinc from 256.

These results indicate that the mineralised system continues beyond the current resource, extending the strike length from 500 metres to 650 metres.

With thick zones of high grade mineralisation continuing at depth, there is potential for an underground mining operation following the conclusion of an open pit mine development.

Darcy deposit drilling

At the Darcy Zinc Deposit, drilling focused on defining the extent of mineralised system and increasing confidence in the continuity of mineralisation.

Analytical results for the final seven holes include:

- 6 metres at 12.5% zinc from 178 metres; and
- 7 metres at 6.9% zinc from 100 metres.

These results indicate that mineralisation of economic thickness and grade extend to a depth of at least 170 metres, remaining open at depth.

This suggests that any open pit development at Darcy can be extended deeper than the current proposed design.

Drilling at the eastern end of the deposit did not intersect significant mineralisation, suggesting the deposit ends there.

Andrew Northeast Prospect

In addition to the two deposits, Overland has undertaken inaugural drill testing of the zinc in soil geochemistry anomaly that extends 2,000 metres northeast of the Andrew Zinc Deposit.

Eleven holes were drilled in the area to explore for additional shallow resources. Results from the final four have been received, and included 4 metres at 1.2% zinc from 51 metres.

Yukon Resource update

Results from drilling at the Andrew and Darcy deposits will be used to update the JORC Resource for the Yukon Base Metal Project, which will be included in the technical and economic feasibility study into the development of the project.

The Resource for Yukon currently comprises 11 million tonnes at 5.8% zinc and 1% lead for 638,000 tonnes zinc and 110,000 tonnes lead.

Of this Resource, about 15% is in the higher confidence Measured category, with 55% in the Indicated category.

Overland is targeting submissions of a mine permitting application in early 2012, with the entire permitting process expected to take 18-24 months.

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Wed, 16 Nov 2011 11:56:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/160463/overland-resources-aims-to-update-yukon-base-metal-resource-with-6m-125-zinc-intercept-22132.html
<![CDATA[News - Overland Resources drilling extends high grade zinc at Yukon Base Metal Project ]]> https://www.proactiveinvestors.co.uk/companies/news/160462/overland-resources-drilling-extends-high-grade-zinc-at-yukon-base-metal-project-18058.html Overland Resources (ASX: OVR) has intersected high grade mineralisation from diamond drilling at both ends of the Darcy Zinc Deposit, indicating potential for expansion of the planned open pit to the east of the Andrew Zinc Deposit.

Two of the six diamond drill core holes holes were drilled at the Darcy Deposit and four at the Andrew Deposit, part of the company’s Yukon Base Metal Project in the highly prospective and under explored Selwyn Basin of the Yukon Territory, Canada.

Highlights include:

- 16.0 metres at 8.0% zinc from 49 metres;
- 13.0 metres at 4.7% zinc from 111 metres; and
- 6.3 metres at 9.1% zinc from 9.7 metres.

Mineralisation at both deposits remained open in all directions following the 2010 drill program. A total of 27 drill holes for more than 5,800 metres have been completed during the past two months as part of the current 10,000 metre drilling program.

At Darcy the continuing shallow and high grade nature of the mineralisation would be encouraging for Overland and supports additional drilling along strike.

These results also provide the company with increased confidence that mineralisation persists at depth at this deposit. Further drilling is planned to target mineralisation at depth.

Analytical results for an additional nine drill holes completed to date at the Darcy Zinc Deposit are pending.

Drilling at the Andrew Zinc Deposit to test for extensions of mineralisation immediately to the east of the deposit has intersected thick zones of mineralisation, suggesting the proposed open pit may be extended to the east. Further drilling is planned.

Also, maiden drill testing of an extensive geochemical anomalism immediately to the northeast of the Andrew Deposit is underway.

In addition, there is significant potential to discover new mineralisation at the highly prospective Riddell and Pinnacle Prospects.

With two diamond rigs continuing to operate at the project, overland anticipates the completion of the current drilling program in September.

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Thu, 21 Jul 2011 14:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/160462/overland-resources-drilling-extends-high-grade-zinc-at-yukon-base-metal-project-18058.html
<![CDATA[News - Overland Resources raises A$11.9 for Yukon Base Metal Project development ]]> https://www.proactiveinvestors.co.uk/companies/news/160461/overland-resources-raises-a119-for-yukon-base-metal-project-development-14345.html Overland Resources (ASX: OVR) will raise A$11.875 million through a placement of 47.5 million new ordinary shares at A$0.25 per share to advance mine permitting and further exploration at the Yukon Base Metal Project in Canada.

Funds raised will be used to further advance the development of the project and for general working capital purposes.

The company plans completion of pre-production activities and preparation of mine permitting submission documents.

Exploration programs will be accelerated to extend resources at known deposits/prospects and to evaluate numerous high priority regional targets. New high priority exploration targets are to be drill-tested.

These shares will be placed to clients of Paradigm Capital Inc., the lead manager to the placement. The placement will be completed in two tranches.

The first tranche will comprise the issue of 21 million shares (about 44% of the placement) and will be settled on or around 10 March 2011.

Overland will seek shareholder approval at an extraordinary general meeting to be held on or around March 30, 2011 to approve the second tranche, which shall comprise the issue of a further 26.5 million shares and should settle on or around 2 April 2011.

The company recently announced an upgraded measured, indicated and inferred JORC Code compliant resource estimate for the Yukon Base Metal Project that comprises: 11.0 million tonnes (Mt) at 5.8% zinc and 1.0% lead, or 11.0 Mt at 6.8% zinc equivalent.

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Wed, 02 Mar 2011 09:58:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/160461/overland-resources-raises-a119-for-yukon-base-metal-project-development-14345.html
<![CDATA[News - Overland Resources has spectacular zinc hits including 19m at 8.4% in Canada ]]> https://www.proactiveinvestors.co.uk/companies/news/160460/overland-resources-has-spectacular-zinc-hits-including-19m-at-84-in-canada-10927.html Exceptional high grade zinc intersections from diamond drilling have been identified at the Darcy Zinc Deposit at the Yukon Base Metal Project in Canada, by Overland Resources (ASX: OVR).

Intersection highlights include:

- 19.0 metres at 8.4% zinc from 33.0 metres; within
- 46.8 metres at 4.6% zinc from 5.2 metres;
- 8.0 metres at 19.4% zinc from 80.0 metres; and
- 8.0 metres at 3.8% zinc from 87.0 metres.

Overland anticipates substantially increasing the shallow open pittable JORC resource at Darcy, which is currently; 1.75Mt at 6.7% zinc.

The new results for Darcy compare favourably with the Andrew Zinc Deposit, which has a resource estimate of; 7.2Mt at 6.2% zinc and 1.5% lead.

The drilling program at Darcy confirmed mineralisation extends over 350 metres of strike, almost doubling the previously known extents, with these results providing further potential for Overland to develop a long term mining operation at the Yukon Base Metal Project.

Analytical results for a further 8 drill holes are pending.

Due to the early onset of winter in the region, the Overland diamond drilling program has now been completed.

On receipt of final assay results, Overland will upgrade the JORC resource for the Yukon Base Metal Project.

Overland said the Yukon Base Metal Project provides the company with an exceptional opportunity to develop a viable mining operation in a jurisdiction that is particularly supportive of new mine developments.

A definitive feasibility study on the development of the project is currently being conducted.

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Tue, 19 Oct 2010 06:21:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/160460/overland-resources-has-spectacular-zinc-hits-including-19m-at-84-in-canada-10927.html
<![CDATA[News - Overland Resources' Yukon Base Metal Project viable at current prices ]]> https://www.proactiveinvestors.co.uk/companies/news/160459/overland-resources-yukon-base-metal-project-viable-at-current-prices-1678.html An independent economic evaluation of a mining operation at Overland Resources' (ASX: OVR) 90% owned Yukon Base Metal Project in Canada has established that an open pit and underground mining operation is potentially economically viable.

The Andrew Zinc Deposit would have an open pit and underground development and the Darcy Zinc Deposit an open pit.

A single processing facility at Yukon would be used for the deposits. A 700,000 tonne per annum (tpa) processing plant is proposed to produce separate zinc and lead concentrates. An initial 6 year mining operation would produce 493,000 tonnes of zinc concentrate and 135,000 tonnes of lead concentrate.

Key project parameters in the evaluation included a Cash cost of concentrate production of $0.31/lb of zinc equivalent; a low initial CAPEX estimate of US$94 million - leading to US$210 million undiscounted cash flow before CAPEX, for the period under study.  Estimated total transport costs equate to $0.12/lb of zinc equivalent using existing ore handling facilities at the ice free Port of Skagway.

The cash costs compare to a current price for zinc of US$1.00 per pound.

Overland will look to complete a bankable feasibility study on the Yukon Base Metal Project and submission for mine permitting as a priority. Environmental baseline studies and community engagement programmes will continue in parallel to the feasibility work to compliment mine permitting.

A JORC resource of 8.95 million tonnes at 6.3% Zn and 1.2% Pb or 8.95 million tonnes at 7.5% Zn equivalent was reported in May, a 77% increase in total when compared to the April 2008 resource.

The project has two discrete zinc deposits at the project - Andrew and Darcy.  Both deposits are open along strike and at depth.

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Tue, 09 Jun 2009 13:14:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/160459/overland-resources-yukon-base-metal-project-viable-at-current-prices-1678.html
<![CDATA[News - Overland Resources increases total resource by 77% at Yukon Base Metal Project, Canada ]]> https://www.proactiveinvestors.co.uk/companies/news/160458/overland-resources-increases-total-resource-by-77-at-yukon-base-metal-project-canada-1489.html Overland Resources Ltd (ASX: OVR) has upgraded its JORC compliant resource for its Yukon Base Metal Project in Canada. Total JORC compliant resource for the Yukon Base Metal Project is:

- 8.95 million tonnes at 6.3% Zn and 1.2% Pb or 8.95 million tonnes at 7.5% Zn equivalent.

This upgraded resource figure represents a 77% increase in total resource tonnes when compared to the April 2008 resource. The figure is derived from an upgraded JORC compliant resource estimate for the Andrew Zinc Deposit,

Two discrete zinc deposits have now been confirmed at the project - Andrew and Darcy.  Both deposits are open along strike and at depth.  The company said it has increased confidence in open pit and underground mining potential and that there is near-term production potential for the deposit.

The Company is finalising a study into the economics of developing a mining operation at the Yukon Base Metal Project, incorporating the new resource calculation and latest economic figures. Results are anticipated within the coming weeks. This study will provide the Company with information to further advance the Yukon Base Metal Project towards production.

Overland Resources is an Australian based minerals exploration and development company that has a geographic focus in Canada and is aggressively advancing the Yukon Base Metal Project and in particular the high grade Andrew Zinc Deposit towards production.  The management has extensive international experience.

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Wed, 20 May 2009 08:28:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/160458/overland-resources-increases-total-resource-by-77-at-yukon-base-metal-project-canada-1489.html