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Additional Information
Market: AIM
Sector: Gold Mining
Epic: GGG
News: Latest news
Web Site: GGG Resources
Other Articles: 29-07-201020-07-201019-07-2010

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Wednesday September 08, 03:30DiamondCorp Botswana Drilling Unearths Encouraging Results

Shares in DiamondCorp advanced 5 per cent as its drilling programme in Botswana gave cause for encouragement. The latest drilling results revealed that the J-05 kimberlite in Botswana shows similar characteristics to the diamond bearing volcanic rock at the nearby Jwaneng mine.

 

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Wednesday September 08, 10:42African Energy Resources encouraged by coal results at Sese, seeks cornerstone partner

With the coal quality, thickness and shallow depth, it augurs well for potential commercial coal production for African Energy at Sese in Botswana.

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Tuesday September 07, 08:12MetroCoal re-affirms Columboola coal Resource yet to be completed

Emerging coal-focused energy company MetroCoal (ASX: MTE) has clarified that it has not completed any resource estimate or report on its Columboola Project area in Queensland's Surat Basin.

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GGG Resources

GGG Resources

GGG Resources plc (formerly Central China Goldfields plc) is a publicly quoted mining exploration company. We own half the mining rights to Bullabulling, a former open pit gold mine in the Coolgardie region, Western Australia.  We share the rights jointly (50:50) with Auzex Resources Limited, our Australian partners. Using new exploration techniques and modern computer modelling, we are evaluating the potential of Bullabulling, which already has a measured and indicated gold resource of 431,600 ounces.

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Thursday, July 29, 2010

Auzex Resources to announce resource upgrade at Bullabulling Gold Project

Auzex Resources (ASX: AZX) will receive drill results and announce a significant resource upgrade at the advanced Bullabulling gold project in the next two to three weeks.

A diamond drilling program consisting of seven holes totalling 1,432m is underway based on a recently completed structural study, which have the potential to intersect significant mineralisation outside the current known resources.

Resource modelling is currently underway by independent consultants which will result in an updated JORC compliant resource, based on a reassessment of the existing drillhole database.

The project is being developed in a joint venture with Central China Goldfields (LON:GGG)

Bullabulling’s current resource stands at 9.3 Mt (million tonnes) grading 1.44 g/t gold for 431,600 oz, including 4.8 Mt grading 1.51 g/t gold for 237,000 in the measured category and 4.1 Mt grading 1.35 g/t gold for 180,800 in the indicated category.

Auzex had acquired all the rights, title and interest in Bullabulling from Jervois Mining Ltd and subsequently transferred them to the JV with Central China Goldfields. The JV parties intend to fast track the project to bankable feasibility within two years at an estimated cost of A$2.5 million.

The Bullabulling JV with Auzex, has become one of Central China Goldfields key projects as the company has transitioned away from its operation in the People’s Republic of China. A total of approximately £2.375 million has now been received from the proceeds of the sale of the company's Chinese assets. Central China Goldfields will start the process of closing down its wholly owned Chinese subsidiary Chengdu Mining Technology Development Ltd after which time the remaining funds of approximately £1.9 million will be transferred to the UK.

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