FINWIRES · TerminalLIVE
FINWIRES

New Murchison Gold Says Western Australia Deposit Drilling Confirms Shallow, High-Grade Gold Mineralization

By

New Murchison Gold (ASX:NMG) said grade control and resource definition drilling at the Cloudkicker deposit, part of the Garden Gully gold project in Western Australia, confirmed shallow, high-grade gold mineralization, according to a Tuesday Australian bourse filing.

It encountered intersections of 10 meters at 13.61 grams per tonne grade of gold from 44 meters, nine meters at 9.31 g/t grade of gold from three meters, and one meter at 54.80 g/t grade of gold from 58 meters.

136 grade control drill holes totaling 5,497 meters and 30 resource definition drill holes totaling 2,675 meters were drilled for this program.

Related Articles

Asia

Claimants Withdraw Lawsuit Against PropNex's Arm

PropNex (SGX:OYY) said a lawsuit filed against the company's wholly-owned subsidiary, PropNex Realty, as a co-defendant, has been dropped, according to a Friday filing to the Singapore stock exchange.The claimants have discontinued and withdrawn the suit, the statement said.PropNex Realty was named as one of three co-defendants in a lawsuit filed in the High Court of Singapore in February. According to the lawsuit, claimants sought damages against PropNex Realty for alleged breach of duty of care and sought compensation of around SG$367,405 in damages.The withdrawal of the case is not expected to have any material impact on the financial position and performance of the group for the financial year ending Dec. 31.PropNex's shares were down nearly 1% in Monday's trade.

SGX:OYY
Asia

Dawning Information Industry Proposes Convertible Bond Issue for AI, Storage Push

Dawning Information Industry (SHA:603019) on Monday filed a prospectus for a convertible bond issue to unspecified investors.Proceeds are earmarked toward an artificial intelligence computing cluster system, a next-generation AI training-inference integrated machine and a domestic advanced storage system.Shares of the supercomputer manufacturer were down 1% in recent trade.

SHA:603019
Asia

Ampol Secures KKR as Cornerstone Investor in AU$400 Million Financing Transaction; Shares Up 3%

Ampol (ASX:ALD) secured a cornerstone investment from KKR in its AU$400 million financing transaction, according to a Monday statement from the investment firm.KKR is making this investment from its Asia Pacific Credit strategy and insurance platform, with support from Clifford Capital.Ampol will use the funds for refinancing initiatives and other general corporate purposes.Ampol's shares rose nearly 3% in recent trading on Monday.

ASX:ALD