Asian Activities Report for November 17, 2011: Northern Star Resources (ASX:NST) Announces Potential Gold Discovery Near Paulsens Gold Mine
Sydney, Australia (ABN Newswire) - Northern Star Resources Limited (ASX:NST) has discovered a potential gold bearing quartz lode immediately adjacent to its Paulsens gold mine in Western Australia, which has produced over 460,000 ounces of gold. This is a very encouraging result for the Company, which has embarked on an aggressive expansion strategy to target production of 80,000-200,000 ounces of gold. The Company has planned further drilling to test the new discovery.
Hillgrove Resources Limited (ASX:HGO) has commenced production from a process plant at its Kanmantoo copper mine in South Australia, marking its transition from a developer to a producer. Kanmantoo is an open-cut mine with an initial throughput of 2.4 million tonnes per annum, producing approximately 80,000 tonnes of concentrate, containing about 20,000 tonnes of copper metal and 10,000 ounces of gold per annum.
Dart Mining NL (ASX:DTM) says today that its Unicorn deposit in Victoria is estimated to contain 38,000 tonnes of recoverable molybdenum, 58,000 tonnes of recoverable copper and 8.6 million ounces of recoverable silver. The Company plans to commence further test work in the first quarter of 2012 to improve recoveries and increase saleable concentrate grades, to be followed by a scoping study for a flotation plant.
Mindoro Resources Limited (ASX:MDO) today announces the final results from drilling of the Southwest Breccia epithermal gold shoot at Lobo, the Philippines. The results confirm high-grade mineralisation close to surface as well as deeper extensions of the mineralized shoot. Future programs will target the mineralized shoot down plunge.
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