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Asia
Strickland Metals Experiences Drilling Delays at Serbia Project
Strickland Metals (ASX:STK) finalized drilling plans for the current year's field season, but is experiencing delays to the start of its exploration drilling program at its Rogozna project in Serbia, according to a Monday filing with the Australian bourse.The company has not received the final approvals required for the expansion of drilling work plans for the main license, containing the Gradina, Shanac, Copper Canyon, and Medenovac deposits, the filing said.Meanwhile, drilling preparation has begun at Obradov Potok and Jezerska Reka prospects, per the filing.
$ASX:STK
Asia
Magnetic Resources Identifies High-Grade Gold Mineralization at Western Australia Project
Magnetic Resources (ASX:MAU) said it intersected high-grade gold mineralization during a recent drilling at its Lady Julie Gold Project in Western Australia, according to a Monday Australian bourse filing.The results were up to 15 meters at 3.9 grams per tonne gold from 200 meters, including 10 meters at 5.5 grams per tonne gold from 205 meters.In the same filing, the company said the board continues to unanimously support the Genesis scheme and recommends that shareholders vote in favor of it in the absence of a superior proposal and subject to the independent expert continuing to conclude the scheme is in the best interests of shareholders, it added.
$ASX:MAU
Asia
Forrestania Resources Completes Acquisition of Western Australia Gold Project
Forrestania Resources (ASX:FRS) completed its acquisition of the Karonie gold project in Western Australia from Alchemy Resources subsidiary Goldtribe Corp., according to a Monday filing with the Australian bourse.The consideration was paid via the issue of AU$5 million worth of shares and a 1% net smelter royalty. The royalty does not apply to the first 110,000 ounces produced from the KZ5, Parmelia, and Taupo deposits, per the filing.The project includes an inferred mineral resource of 6.5 million tonnes at 0.9 grams per tonne grade of gold for 185,700 ounces, the company said.
$ASX:FRS