http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Wed, 26 Jul 2017 04:58:55 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Tanga Resources doubles in value following discovery of bonanza-grade gold at Tanzania project ]]> http://www.proactiveinvestors.com.au/companies/news/180947/tanga-resources-doubles-in-value-following-discovery-of-bonanza-grade-gold-at-tanzania-project-180947.html Outstanding trench and pit samples from the Winston area of the Hanang Project, Tanzania, saw shares in Tanga Resources Ltd (ASX: TRL) double in value.

The highlight was a grab sample that weighed in at a bonanza 81 grams per tonne (g/t) of gold.

However, this wasn’t an isolated occurrence. Sampling from the pit area yielded grades of between 14.56 g/t and 36.8 g/t.

“These latest results reinforce the high-grade nature of mineralisation at the Winston target and highlight the potential for further discoveries, both within the immediate Winston area and regionally within the Hanang Project area,” said John Stockley, technical director.

Legislative uncertainty….

“While the recently-passed legislative amendments have created some uncertainty for investors, there is no immediate effect on our exploration activities at the Hanang Gold Project, which we believe has the potential to host a major new gold discovery.”

Formerly the Singida Project, Hanang covers 410-square kilometres of Central-North Tanzania.

The Winston area is what’s known as an orogenic lode gold deposit hosted within a banded iron ore formation.

At 2.25pm, shares in the company were changing hands for $0.025, up $0.013, or 108%. This still only values Tanga at a micro-cap $10.6 million.

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Mon, 17 Jul 2017 14:21:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180947/tanga-resources-doubles-in-value-following-discovery-of-bonanza-grade-gold-at-tanzania-project-180947.html
<![CDATA[News - MIDDAY: Telstra, Volt Resources, HearMeOut, Tanga Resources, XJO ]]> http://www.proactiveinvestors.com.au/companies/news/180941/midday-telstra-volt-resources-hearmeout-tanga-resources-xjo-180941.html The ASX 200 was down 9.6 points at 5,775.5 at midday with large-cap Telstra Corp (ASX:TLS) falling 1.5%, continuing last week’s slide.

Stepping down a couple of divisions, some outstanding trench and pit samples from the Winston area of the Hanang Project, Tanzania, saw shares in Tanga Resources Ltd (ASX: TRL) rocket 75%. The highlight was a grab sample that weighed in at a bonanza 81 grams per tonne of gold.

“These latest results reinforce the high-grade nature of mineralisation at the Winston target and highlight the potential for further discoveries, both within the immediate Winston area and regionally within the Hanang Project area,” said John Stockley, technical director.

Profit-taking hits HearMeOut ...

After doubling in value last week, the social media group HearMeOut Ltd (ASX:HMO) succumbed to a bout of profit-taking with its shares down 22%.

On Friday the company finally broke its silence – but only to tell investors it knew of no reason for the recent upward trajectory of the stock.

It did, however, point out the HearMeOut app, which allows users to record 42-second voice clips, has been consistently ranked in the top 10 most downloaded social media apps in the US over the last three days.

Electric performance by Volt ...

Shares in Volt Resources (ASX:VRC) rose 15% after it said it had signed its fifth offtake agreement this year filling 100% of proposed Stage 1 capacity at its flagship Namangale graphite project in Tanzania.

The company signed a non-binding offtake term sheet with Qingdao Tianshengda Graphite for 10,000 tonnes per annum of flake graphite product from Stage 1 production.

This is the fourth agreement that Volt has signed with a Chinese graphite group since management completed a successful product marketing trip in May 2017.

READ: More on Volt Resources 

Kidman Resources (ASX:KDR), Big Un Ltd (ASX:BIG), 88 Energy (ASX:88E) and Fastbrick Robotics (ASX:FBR) were the market’s most talked about stocks. 

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Mon, 17 Jul 2017 12:05:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180941/midday-telstra-volt-resources-hearmeout-tanga-resources-xjo-180941.html
<![CDATA[News - Tanga Resources heads to market ]]> http://www.proactiveinvestors.com.au/companies/news/173757/tanga-resources-heads-to-market-173757.html Tanga Resources (ASX:TRL) has been granted a trading halt by the ASX, pending details of a capital raising.

The halt will remain in place until the opening of trade on Wednesday 1st March 2017, or earlier if an announcement is made to the market.

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Mon, 27 Feb 2017 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173757/tanga-resources-heads-to-market-173757.html
<![CDATA[News - Tanga Resources Ltd to reveal gold results from Tanzania ]]> http://www.proactiveinvestors.com.au/companies/news/146159/tanga-resources-ltd-to-reveal-gold-results-from-tanzania-69270.html Tanga Resources Ltd (ASX:TRL) is preparing to reveal drilling results from its Winston gold project in Tanzania.

Tanzania is Africa's third largest gold producer.

The ASX has granted Tanga a halt to prepare, with its shares placed in pre-open.

The halt will remain in place until the opening of trade on Monday 20th June 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 17 Jun 2016 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/146159/tanga-resources-ltd-to-reveal-gold-results-from-tanzania-69270.html
<![CDATA[News - Tanga Resources Ltd's new drilling follows high-grade gold discovery in Tanzania ]]> http://www.proactiveinvestors.com.au/companies/news/146158/tanga-resources-ltds-new-drilling-follows-high-grade-gold-discovery-in-tanzania-68185.html Tanga Resources Ltd (ASX:TRL) has started reverse circulation drilling at the Winston prospect in the Singida project, Tanzania, where the company had previously intersected high grade gold.

Tanga controls more than 400 square kilometres of prospecting licences at Singida.

In January, drill results from the Winston area showed 16 metres at 55.23g/t gold from 116 metres (including 9 metres at 92.78g/t gold from 117 metres) and 4 metres at 10.20g/t gold from 147 metres.

Tanga has made some of the best greenfields gold intersection in Africa during the last 12 months.

The new drilling will target both the down plunge extensions and potential strike extensions of the earlier high grade gold intersections.

Reverse Circulation pre-collars and diamond tails are planned to drill a total of 2000 metres.

Tanga has reinforced its ability to progress the exploration efforts for the Singida project by completing a capital raising of $3.4 million recently.

The share price of Tanga has skyrocketed by about 750% since the beginning of 2016 on the back of exceptional gold results at Singida.

 

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Wed, 20 Apr 2016 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/146158/tanga-resources-ltds-new-drilling-follows-high-grade-gold-discovery-in-tanzania-68185.html
<![CDATA[News - Tanga Resources to update on Singida Project in Tanzania ]]> http://www.proactiveinvestors.com.au/companies/news/146157/tanga-resources-to-update-on-singida-project-in-tanzania-67301.html Tanga Resources (ASX:TRL) has been granted an ASX trading halt, pending information in relation to the completion of the geophysical survey at the Singida gold project, which is located in Tanzania.

Tanzania is Africa's third largest gold producer (2014).

The halt will remain in place until the opening of trade on Friday 4th March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 02 Mar 2016 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146157/tanga-resources-to-update-on-singida-project-in-tanzania-67301.html
<![CDATA[News - Tanga Resources heads to market ]]> http://www.proactiveinvestors.com.au/companies/news/146156/tanga-resources-heads-to-market-66868.html Tanga Resources (ASX:TRL) shares have been trading higher recently, with the company last changing hands at $0.054, after hitting $0.08 in January.

At the start of the year you could have snapped the company up for $0.013, but this was before the hit of: 16 metres at 55.23g/t gold from 116 metres; was revealed from the Singida Project in Tanzania.

The company has now been granted a trading halt by the ASX, pending details of a capital raising.

The halt will remain in place until the opening of trade on Monday 8th February 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, 04 Feb 2016 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146156/tanga-resources-heads-to-market-66868.html
<![CDATA[News - Tanga Resources soars on exceptional gold hits ]]> http://www.proactiveinvestors.com.au/companies/news/146155/tanga-resources-soars-on-exceptional-gold-hits-66632.html Shares in Tanga Resources (ASX:TRL) skyrocketed as much as 400% today on some outstanding gold drilling results at the Singida project in Tanzania including a 10-metre intercept grading higher than 100g/t gold.

Tanga was last trading 275% up at A$0.06 per share, which marks the stock’s highest level in about three years.

New drilling at Singida’s Winston area has produced 16 metres at 55.23g/t gold from 116 metres (including 9 metres at 92.78g/t gold from 117 metres) and 4 metres at 10.20g/t gold from 147 metres (including 1 metre at 22.40g/t gold from 148 metres).

Some of the highest grades, however, were recorded in re-splits with 13 metres at 86.19g/t gold from 117 metres, including 10 metres at 108.07g/t gold from 117 metres.

The high-grade gold mineralisation is the result of the first effort to drill at Winston remains open at depth and along strike.

Tanga controls more than 400 square kilometres of prospecting licences at Singida and now plans a significant upgrade in its exploration at the site.

Regional soil geochemistry at four other Singida prospects has already defined gold anomalism in laterised greenstones with grades up to 2,340ppb and visible gold in panning.


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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Tue, 19 Jan 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146155/tanga-resources-soars-on-exceptional-gold-hits-66632.html
<![CDATA[News - Tanga Resources among ASX % Gainers intra-day ]]> http://www.proactiveinvestors.com.au/companies/news/146154/tanga-resources-among-asx-gainers-intra-day-66628.html Tuesday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume Tanga Resources TRL $0.061 281.25% 23,397,824 Golden Rim Resources GMR $0.002 100% 2,500,000 Winmar Resources WFE $0.003 50% 479,000 Kinetiko Energy KKO $0.040 33.33% 100,000 Gateway Mining GML $0.020 25% 58,527 Capital Mining CMY $0.005 25% 696,010 Allegiance Coal AHQ $0.005 25% 1,550,000 MHM Metals MHM $0.022 22.22% 30,000 Eve Investments EVE $0.006 20% 196,000 Black Rock Mining BKT $0.043 19.44% 162,500

 

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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Tue, 19 Jan 2016 13:15:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146154/tanga-resources-among-asx-gainers-intra-day-66628.html
<![CDATA[News - Argentina Mining closes in on gold drilling targets in Tanzania ]]> http://www.proactiveinvestors.com.au/companies/news/146153/argentina-mining-closes-in-on-gold-drilling-targets-in-tanzania-58602.html Argentina Mining’s (ASX:AVK) ground magnetic survey has identified a 800 metre diameter elliptical feature within the central core of the soil anomaly at the Winston Gold prospect of its Singida Project in central Tanzania.

Singida is located 60 kilometres north of Shanta Gold's (LON:SHG) 900,000 ounce Londoni gold resource, which is not yet in production.

Assays of follow up soil sampling has also extended the gold-in soil anomaly at Winston to north and west.

Winston now measures 800 metres by 600 metres with a central core at +100ppb gold. Previous soil sampling had returned peak values of up to 2,000ppb.

Modelling of the data is now underway to aid in drill target definition.

Planning for a drill program to test the combined gold and ground magnetic targets at Winston is now underway while step out regional soil sampling is planned on gold targets located 1.5 kilometres northeast of Winston.

 

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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Fri, 31 Oct 2014 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146153/argentina-mining-closes-in-on-gold-drilling-targets-in-tanzania-58602.html
<![CDATA[News - Argentina Mining completes merger with gold explorer Simba Minerals in Tanzania ]]> http://www.proactiveinvestors.com.au/companies/news/146152/argentina-mining-completes-merger-with-gold-explorer-simba-minerals-in-tanzania-51509.html Argentina Mining (ASX: AVK) has completed the merger with Tanzanian gold explorer Simba Minerals, pursuant to the heads of agreement reached in October.

Simba holds 99.95% interest in the Geita and Singida gold projects, located 20 kilometres along strike from African Barrick’s 17 million gold ounce Bulyanhulu project.

The new entity will hold Simba's two gold projects in the Nyanzian Craton in Tanzania, while Argentina Mining will retain its existing option agreements relating to copper-gold porphyry and epithermal gold-silver projects in Argentina.

The merger opens up a pipeline of new potentially high-grade gold projects currently being developed in Tanzania near existing major producers that are capable of being fast-tracked towards resource definition and production.

Argentina has raised $225,000 via a placement at $0.01 per share, and to the initial placement being over subscribed, determined to raise an additional $100,000 at $0.01 per share.

In a vote of confidence, cornerstone investor Independence Group (ASX:IGO) contributed $75,000 towards the additional placement.

 

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, 31 Dec 2013 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146152/argentina-mining-completes-merger-with-gold-explorer-simba-minerals-in-tanzania-51509.html
<![CDATA[News - Argentina Mining gains Tanzania gold exposure with Simba Minerals merger ]]> http://www.proactiveinvestors.com.au/companies/news/146151/argentina-mining-gains-tanzania-gold-exposure-with-simba-minerals-merger-49197.html Argentina Mining (ASX: AVK) is set to merge with unlisted Simba Minerals, which will deliver a gold exploration footprint in Tanzania in some highly prospective areas, along with corporate synergies.

Argentina Mining has signed a binding Heads of Agreement with Simba to acquire all of its issued shares.

Simba holds 99.95% interest in Geita & Singida gold projects, which is located 20 kilometres along strike from African Barrick’s 17 million ounces Bulyanhulu project.

The new entity will hold Simba's two gold projects in the Nyanzian Craton in Tanzania, while Argentina Mining will retain its existing option agreements relating to the copper-gold porphyry and two epithermal gold-silver projects in Argentina.

The merger will increase the shareholder base, expand market appeal, spread sovereign risk, expose the merged company to greater development potential within its existing portfolio and provide further opportunities for portfolio expansion, especially in East Africa.


Consideration

Under the proposed Merger, Simba shareholders will receive two shares in Argentina Mining for each one Simba share.

This will result in Argentina Mining issuing a total of 77,420,190 shares, which will represent an increase of 98.4% of the company’s current issued share capital.


Geita project

The Geita project has had over 10,000 metres of drilling at the Mabale Hills Prospect by Currie Rose Resources Inc. between 2004-2012 identified a number of significant high grade gold intercepts in an oxidized BIF-felsic porphyry host.

Highlights include: 34 metres at 3.6g/t gold, 12 metres at 9.1g/t gold; 63 metres at 2.6g/t gold; and 31 metres at 6.0g/t gold.

 

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, 17 Oct 2013 12:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146151/argentina-mining-gains-tanzania-gold-exposure-with-simba-minerals-merger-49197.html
<![CDATA[News - Argentina Mining drilling confirms gold-silver mineralisation in Argentina project ]]> http://www.proactiveinvestors.com.au/companies/news/146150/argentina-mining-drilling-confirms-gold-silver-mineralisation-in-argentina-project-44523.html Argentina Mining’s (ASX: AVK) scout diamond drilling program at the 3,700 metre long Las Leñas epithermal-porphyry gold-silver target in Argentina has confirmed continuity at depth beneath high grade surface gold and silver results.

All holes intersected the targeted silicic and breccia reefs mapped during surface sampling with results showing the reefs to be components of a large gold-silver mineralised shear system.

Notable results include:

-    5 metres at 2.14 grams per tonne gold and 34.93g/t silver from 59 metres including 2 metres at 5.1g/t gold and 79.65g/t silver; and
-    2 metres at 2.63g/t gold and 47.80g/t silver from 14 metres.

Drilling had also identified an additional mineralised breccia zone, hidden under surface deposits that defines a major fault and may be the most significant zone in the system.

Interpretation shows potential for a large epithermal gold-silver deposit in a 20 metre to 50 metr wide, fault-bounded shear system in inter-bedded black shales and sandstones enclosing massive and drusy hydrothermal quartz-veining, quartz-breccias and quartz-vein stock-working originating from an adjacent “blind” intrusive porphyry whose emplacement is responsible for deformation of the host rocks and structural ground preparation for loci of mineralization.

With just 130 metres tested on a scout basis by the recently completed program, further surface mapping, geophysics and drilling is justified to test the full length of the shear system.

Las Leñas is part of the San Francisco project.

 

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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Mon, 17 Jun 2013 15:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/146150/argentina-mining-drilling-confirms-gold-silver-mineralisation-in-argentina-project-44523.html
<![CDATA[News - Argentina Mining completes Phase 1 drilling at Las Lenas gold, silver project ]]> http://www.proactiveinvestors.com.au/companies/news/146149/argentina-mining-completes-phase-1-drilling-at-las-lenas-gold-silver-project-43180.html Argentina Mining (ASX:AVK) has completed the Phase 1 diamond drilling at the Las Lenas epithermal gold-silver prospect, which is part of its San Francisco project in Argentina

The Phase 1 program, which was initiated after geophysical survey, entailed 7 diamond drill holes for a total advance of 650 metres, with holes ranging in depth from 60 metres to 160 metres.

The holes achieved their objectives of intersecting the main Anita and Anita East quartz reefs and tested central parts of anomalous 500 metres zone averaging greater than 0.8 grams per tonne gold and greater than 4g/t silver.

Argentina Mining's surface rock-chip sampling and trenching have shown to carry potentially economic gold-silver mineralization, and a highly-silicified stock-work and brecciated footwall zone.

The core is currently being logged and cut and analytical results are expected by late May.


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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Mon, 13 May 2013 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/146149/argentina-mining-completes-phase-1-drilling-at-las-lenas-gold-silver-project-43180.html
<![CDATA[News - Argentina Mining terminates deals with New Destiny Mining ]]> http://www.proactiveinvestors.com.au/companies/news/146148/argentina-mining-terminates-deals-with-new-destiny-mining-42353.html Argentina Mining (ASX: AVK) has terminated agreements with Canadian explorer New Destiny Mining (TSX-V:NED) after a proposed transaction and MOU over projects in Argentina could not be completed.

Argentina Mining has five gold and base metal projects in San Juan Province, Argentina.

The projects range from the established porphyry copper-gold-molybdenum project at Cerro Blanco, epithermal vein gold and copper mineralisation at Amiches, San Francisco and Tres Amigos and regional exploration projects near Barrick Gold Corporation’s major Veladero (Reserves 12Moz Au) and Pascua-Lama (Reserves 17.8Moz) gold operations.

New Destiny was unable to complete a transaction over the Tres Amigos Project and an MOU relating to the Cerro Blanco Project.

Argentina said it has already received expressions of interest in the projects from other parties and is currently undertaking discussions.

In July, the company completed a share placement of 8,894,143 ordinary fully paid shares at a subscription price of $0.035 to raise $311,295 before costs.

Net proceeds from the raising will be used to fund ongoing exploration programmes at the San Francisco and Amiches gold projects and for general working capital purposes.

Argentina's major shareholder, Independence Group (ASX: IGO) subscribed for placement shares to increase its interest to 19.94% in the company.

 

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, 23 Apr 2013 08:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/146148/argentina-mining-terminates-deals-with-new-destiny-mining-42353.html
<![CDATA[News - Argentina Mining places shares with major shareholder Independence Group ]]> http://www.proactiveinvestors.com.au/companies/news/146147/argentina-mining-places-shares-with-major-shareholder-independence-group-41009.html Argentina Mining (ASX: AVK) has received strong support for the company's ongoing exploration programs from its major shareholder Independence Group (ASX: IGO), who has subscribed for a placement.

Independence Group will move to a 19.94% stake in Argentina Mining following the placement of around 8.9 million shares at $0.035, which will raise $311,295 before costs.

The funds will be allocated to the ongoing exploration programs at the San Francisco and Amiches gold projects

Argentina Mining has also signed an agreement with Argentine drilling contractor, Goland SRL, to drill 1,200 metres of HQ diamond drill holes at San Francisco and Amiches.

As part compensation for this drilling contract, Goland SRL will receive US$200,000 of ordinary fully paid shares at the capital raising price of $0.035 per share (5,547,850 shares), which will be issued on the same date as the placement shares.


Argentina Mining's portfolio

The company has a portfolio of five prospective gold and base metal projects in San Juan Province of Argentina.

These projects range from the established porphyry copper-gold-molybdenum project at Cerro Blanco, to an epithermal vein gold and copper mineralisation at Amiches, San Francisco and Tres Amigos.

Worth noting the company also has regional exploration projects near Barrick Gold’s (NYSE: ABX) major Veladero (Reserves 12 million gold ounces) and Pascua-Lama (Reserves 17.8 million gold ounces) gold operations.

 

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, 20 Mar 2013 09:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146147/argentina-mining-places-shares-with-major-shareholder-independence-group-41009.html
<![CDATA[News - Argentina Mining to raise cash ]]> http://www.proactiveinvestors.com.au/companies/news/146146/argentina-mining-to-raise-cash-40908.html Argentina Mining (ASX: AVK) has been granted a trading halt this morning with its shares placed in pre-open, pending a capital raising announcement.

The company has a portfolio of five prospective gold and base metal projects in San Juan Province of Argentina.

These projects range from the established porphyry copper-gold-molybdenum project at Cerro Blanco, to an epithermal vein gold and copper mineralisation at Amiches, San Francisco and Tres Amigos.

Worth noting the company also has regional exploration projects near Barrick Gold’s (NYSE: ABX) major Veladero (Reserves 12 million gold ounces) and Pascua-Lama (Reserves 17.8 million gold ounces) gold operations.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 20th March 2013.

 

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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Mon, 18 Mar 2013 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146146/argentina-mining-to-raise-cash-40908.html
<![CDATA[News - Argentina Mining's San Francisco gold project unveils high grade gold potential ]]> http://www.proactiveinvestors.com.au/companies/news/146145/argentina-minings-san-francisco-gold-project-unveils-high-grade-gold-potential-39662.html Argentina Mining (ASX:AVK) has uncovered the potential for high grade gold at its San Francisco gold-silver project in Argentina following the completion of a fourth phase of mapping and sampling of Las Lenas quartz reef.

The sampling of the Las Lenas quartz reef continued to indicate large scale, high grade epithermal gold mineralisation potential with visible gold noted in hand specimen.

The specimen was noted 25 metres north of the previous intercept of 36 metres at 1.23 grams per tonne of gold and 4.85g/t of silver.

A total of 91 rock channel samples have been taken from cross-cuts of the main reef, at 10 metres strike intervals along the strike of a 1,000 metre long section of the central reef.

Induced polarisation pole/dipole array geophysical survey has been scheduled for March, which will define reef depth extent and orientation.

The geological mapping is also underway and the data will be intergrated to assist the geophysical survey.

The central reef of the Las Lenas reef forms the principal component of a 3,700 metre long NNW-trending, epithermal quartz-geothite multiple-reef system, which along with the sub parallel quartz reef and intervening country rocks, attains a width of up 100 metres in certain areas.

Argentina Mining is exploring in five gold and base metals projects in San Juan province in Argentina.

These projects range from the established porphyry copper-gold-molybdenum project at Cerro Blanco, epithermal vein gold and copper mineralisation at Amiches, San Francisco and Tres Amigos.

There are also regional exploration projects near Barrick Gold Corporation’s major Veladero gold project with a 12 million ounce gold reserve and the 17.8 million ounce Pascua-Lama operation.



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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Mon, 18 Feb 2013 10:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146145/argentina-minings-san-francisco-gold-project-unveils-high-grade-gold-potential-39662.html
<![CDATA[News - Argentina Mining’s sampling delivers 18.91g/t gold, 398.51g/t silver at Amiches ]]> http://www.proactiveinvestors.com.au/companies/news/146144/argentina-minings-sampling-delivers-1891gt-gold-39851gt-silver-at-amiches--38676.html Argentina Mining (ASX: AVK) has discovered high grade gold and silver in its latest round of sampling at its Amiches project in Argentina, which lies within the mineral-rich El Indio Belt, host to major gold-silver-copper projects.

Rock chip sampling at the Amphitheatre prospect returned an assay of 2 metres at 18.91 grams per tonne (g/t) gold and 389.51g/t silver.

The sampled breccia appears similar to those found at nearby major deposits including Del Carmen, which hosts an Inferred Resource of 816,600 ounces gold and 10.9 million ounces of silver, and Jaguelito, which has a Measured and Indicated Resource of 123,000 ounces of gold and 9.7 million ounces of silver.

Previous sampling of the same outcrop at the Amphitheatre prospect in 2009 returned a result of 1 metre at 4.9g/t gold and over 100g/t silver.

More extensive sampling of the Amphitheatre area in 1985 yielded a number of results above 1g/t gold – up to 12.4g/t gold and 60g/t silver.

Argentina Mining plans to further define the mineralised systems at both its Amiches and San Francisco projects in preparation for drill testing.

The company recently completed a successful round of gold-silver sampling at the San Francisco Project on a short section of the 3,700 metre long Las Leñas quartz-goethite multiple reef system.

More assays are expected by the end of the March quarter of 2013.


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Thu, 24 Jan 2013 15:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146144/argentina-minings-sampling-delivers-1891gt-gold-39851gt-silver-at-amiches--38676.html
<![CDATA[News - Argentina Mining identifies epithermal gold potential at San Francisco ]]> http://www.proactiveinvestors.com.au/companies/news/146143/argentina-mining-identifies-epithermal-gold-potential-at-san-francisco-38279.html Argentina Mining's (ASX: AVK) gold and silver results from Las Leñas quartz reef indicate potential for large-scale, high-grade epithermal gold mineralisation.

Sampling results from the prospect within the San Francisco epithermal gold-silver project in San Juan Province in Argentina include: 3 metres at 2.53 grams per tonne (g/t) gold & 10.2g/t silver; 3 metres at 2.52g/t gold & 7.8g/t silver; and 3 metres at 1.54g/t gold & 5.3g/t silver.

A total of 12 samples were taken in a continuous run along the strike of a 36 metre long section of the main central reef.

The sampling was undertaken over part of a 3,700 metre long NNW-trending epithermal quartz-goethite reef system at Las Leñas Prospect, which is in the south-eastern part of the project.

Importantly for the prospectivity of the area, previous reconnaissance chip sampling along and around the reef has already shown the structure to be anomalous in gold over a large part of its strike length.

Of interest - Argentina Mining said in addition, elevated arsenic and mercury results confirm the epithermal affinities of the reef complex.

There will be follow-up trenching at selected points across the full 50 metre width of the multiple reef complex structure.


Proximity to Barrick Gold’s Veladero

Argentina Mining is exploring a suite of five gold and base metal projects in San Juan Province, Argentina.

These projects range from the established porphyry copper-gold-molybdenum project at Cerro Blanco, epithermal vein gold and copper mineralisation at Amiches, San Francisco and Tres Amigos and regional exploration projects near Barrick Gold Corporation’s (MYSE: ABX) major Veladero (Reserves 12Moz Au) and Pascua-Lama (Reserves 17.8Moz) gold operations.

 

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, 16 Jan 2013 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146143/argentina-mining-identifies-epithermal-gold-potential-at-san-francisco-38279.html
<![CDATA[News - Argentina Mining nuts out terms for Argentinean copper/gold project ]]> http://www.proactiveinvestors.com.au/companies/news/146142/argentina-mining-nuts-out-terms-for-argentinean-coppergold-project-35484.html Argentina Mining (ASX: AVK) has revealed Canada’s New Destiny Mining (TSX.V: NED) will be granted an exclusive option to acquire a 60% interest in Argentina Mining’s Cerro Blanco Project under a previously announced deal.

Last week, the two companies inked a non-binding memorandum of understanding that will see New Destiny acquire a joint venture interest in the Argentinean project.

This deal enables Argentina Mining to focus on advancing its other key projects with epithermal gold-silver and porphyry copper-gold potential.

New Destiny has agreed to commit US$2 million, in staged payments, to a two year drilling-focused exploration program to acquire its 60% interest.

The company will also pay Argentina Mining US$300,000 in stages and, upon regulatory approval, issue a 12.5% stake in New Destiny.

New Destiny has also agreed to assume all of Argentina Mining’s remaining property payments to the vendor, totalling US$150,000, as well as a payment of US$200,000 upon a decision to commence a Bankable Feasibility Study.

Once New Destiny has acquired its 60% interest, the companies will enter into a joint venture agreement to further explore and develop the Cerro Blanco Project.

Upon commencement of a Bankable Feasibility Study, New Destiny will have the first right of refusal to acquire the vendor’s 8.75% interest for US$1 million.

If Argentina Mining elects not to contribute its 31.25% of the JV it may convert to a 10% free carried interest to a production decision, at which time if Argentina Mining decides not to contribute its 10% interest will convert to a 1% net smelter royalty.

Independence Group (ASX: IGO) has agreed to waive its first right of refusal and claw-back under the subscription and alliance agreement signed between Argentina Mining and Independence Group in January 2011 in return for being granted a 0.3% net smelter royalty on the proceeds from the sale of any metal from the Cerro Blanco property.


Cerro Blanco

Cerro Blanco is situated 36 kilometres southwest of the township of Barreal in the Calingasta Valley in San Juan Province, Argentina.

A new phase of mapping and geophysical interpretation has been undertaken at the project, with a minimum of four new high-priority target areas being defined.

The main prospect at the project is the Copper Hill Prospect, where further geological mapping and interpretation of the results of the late 2011 IP-Res/3D-Mag geophysics programs has been undertaken to refine targeting of future diamond drilling.

The Copper Hill porphyry copper-gold-molybdenum deposit shares the characteristics of other well-known, large-scale Andean porphyry copper-style deposits.

The mineralised porphyry system has a diameter of 1.2 kilometres in surface outcrop, and has potential for mineralisation to depths exceeding 1,000 metres.

Drilling has intersected all four key elements of a porphyry copper system, indicating a high exploration potential for the project.

The gold content is higher than normally seen in similar Chilean copper deposits, and there is the potential for higher copper grades and large tonnages to 1000 metres depth.


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Tue, 06 Nov 2012 13:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146142/argentina-mining-nuts-out-terms-for-argentinean-coppergold-project-35484.html
<![CDATA[News - Argentina Mining attracts Canada's New Destiny Mining for Argentina copper/gold project ]]> http://www.proactiveinvestors.com.au/companies/news/146141/argentina-mining-attracts-canadas-new-destiny-mining-for-argentina-coppergold-project--35354.html Argentina Mining (ASX: AVK) has inked a non-binding memorandum of understanding with New Destiny Mining (TSX.V: NED), which plans to acquire a joint venture interest in Argentina Mining’s Cerro Blanco Project.

The project is situated 36 kilometres southwest of the township of Barreal in the Calingasta Valley in San Juan Province, Argentina.

The key terms of the agreement are confidential, but include cash payments, equity in the share capital of New Destiny and provision for Argentina Mining to maintain significant equity in the Cerro Blanco Project.

Equity in New Destiny provides Argentina Mining exposure to the Canadian market.

Under the agreement, New Destiny will commit to a substantial drilling-based exploration program and assume responsibility for all remaining option payments to the vendor of Cerro Blanco.

Independence Group (ASX: IGO) has provided a positive response to the memorandum of understanding and the underlying Term Sheet between Argentina Mining and New Destiny.

The company has agreed to waive its First Right of Refusal and Claw-back under the Subscription and Alliance Agreement signed between Argentina Mining and Independence Group in January 2011.

This deal enables Argentina Mining to focus on advancing its other key projects with epithermal gold-silver and porphyry copper-gold potential.

The definitive terms will be finalised in a binding agreement after the due diligence period, with a formal agreement slated for between the end of 2012 and the end of January 2013.


Cerro Blanco

A new phase of mapping and geophysical interpretation has been undertaken at the Cerro Blanco Project, with a minimum of four new high-priority target areas being defined.

The main prospect at the project is the Copper Hill Prospect, where further geological mapping and interpretation of the results of the late 2011 IP-Res/3D-Mag geophysics programs has been undertaken to refine targeting of future diamond drilling.

The Copper Hill porphyry copper-gold-molybdenum deposit shares the characteristics of other well-known, large-scale Andean porphyry copper-style deposits.

The mineralised porphyry system has a diameter of 1.2 kilometres in surface outcrop, and has potential for mineralisation to depths exceeding 1,000 metres.

Drilling has intersected all four key elements of a porphyry copper system, indicating a high exploration potential for the project.

The gold content is higher than normally seen in similar Chilean copper deposits, and there is the potential for higher copper grades and large tonnages to 1000 metres depth.


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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Fri, 02 Nov 2012 14:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146141/argentina-mining-attracts-canadas-new-destiny-mining-for-argentina-coppergold-project--35354.html
<![CDATA[News - Argentina Mining focuses on flagship Cerro Blanco ]]> http://www.proactiveinvestors.com.au/companies/news/146140/argentina-mining-focuses-on-flagship-cerro-blanco-34396.html Argentina Mining (ASX: AVK) will now focus its resources towards evaluating its flagship Cerro Blanco Project in Argentina after assigning its interest in the Tres Amigos Project to New Destiny Mining (TSXV: NED).

Other projects that it will continue to work on include the more advanced San Francisco, Amiches and regional exploration projects, all of which are on the western flanks of the Calingasta Valley.

Tres Amigos is the Company’s only project which lies on the eastern side of the valley, in the Pre-Cordillera.

Under the Option Agreement, New Destiny has agreed to:

-    Pay US$50,000 (A$48,658) and issue 750,000 shares to Argentina Mining within 10 days of the acceptance date;
-    Assume responsibility for paying the remaining US$150,000 in instalment payments to the vendor of Tres Amigos;
-    Carry out at least US$480,000 of exploration within 12 months; and
-    Maintain the property and agreement with the vendor in good standing during the 12 month option period.

Argentina Mining will also retain a 1.5% Net Smelter Royalty.

Tres Amigos is located 12 kilometres northeast of the township of Barreal, in the Calingasta Valley in San Juan Province.

 

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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Thu, 11 Oct 2012 16:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146140/argentina-mining-focuses-on-flagship-cerro-blanco-34396.html
<![CDATA[News - Argentina Mining: potential copper gold molybdenum porphyry style deposit at Cerro Blanco ]]> http://www.proactiveinvestors.com.au/companies/news/146139/argentina-mining-potential-copper-gold-molybdenum-porphyry-style-deposit-at-cerro-blanco-22529.html Argentina Mining (ASX: AVK) is currently progressing exploration at the Cerro Blanco project in the San Juan Province of Argentina, with the company intersecting more copper and gold.

The company said that while not all analytical results have been received, widespread copper and gold mineralisation and alteration are visible in core from the first two diamond holes in the current program.

The outcome from these holes, combined with available preliminary analytical results, is that exploration continues to confirm the existence of a potentially-large typical Andean copper-gold-molybdenum porphyry style deposit.

Argentina Mining is now drilling the third hole in the program on a high priority target.


Drilling results

The first diamond hole ended in mineralisation at 421 metres before fully penetrating the IP target, due to drilling conditions in brecciated intrusives and equipment failure.

Although the hole did not attain its design depth, the company said that it demonstrated widespread porphyry copper-gold-molybdenum mineralisation, which was particularly evident between 160 and 200 metres, along with further into the hole.

A highlight was 20 metres at 0.47% copper, 0.21g/t gold and 248ppm molybdenum from 357 metres.

The second hole intersected a near-surface gold-enriched zone on top of Copper Hill which indicates potential for a “gold cap” deposit style, with the highlight 24 metres at 0.2g/t gold from 5 metres.

 

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Thu, 24 Nov 2011 15:15:00 +1100 http://www.proactiveinvestors.com.au/companies/news/146139/argentina-mining-potential-copper-gold-molybdenum-porphyry-style-deposit-at-cerro-blanco-22529.html
<![CDATA[News - Argentina Mining discovers significant geophysical anomaly at Cerro Blanco ]]> http://www.proactiveinvestors.com.au/companies/news/146138/argentina-mining-discovers-significant-geophysical-anomaly-at-cerro-blanco-19679.html Argentina Mining (ASX: AVK) has used an IP survey to identify a large anomaly at the company's Cerro Blanco Porphyry Copper Project, which is located in the San Juan Province of Argentina.

The anomaly stretches 1,500 metres along strike, 900 metres wide and extends to more than 500 metres, and importantly, is open to the south and potentially at depth.

Previous diamond drilling confirms porphyry style copper-gold-molybdenum at anomaly margins.

To further test the anomaly, the company is already designing a drilling program to test depths of up to 750 metres.

Eduardo Videla, managing director, commented on the data by adding, "Interpretation of the combined datasets provides a robust pointer to the target zone which may represent a large copper‐rich mineralised zone.

"This gives us confidence in the design and execution of the next round of over 2,000 metres of diamond drilling and dramatically enhances the potential for discovery of economic copper and gold mineralisation at the Cerro Blanco Project.”

 

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Thu, 15 Sep 2011 16:05:00 +1000 http://www.proactiveinvestors.com.au/companies/news/146138/argentina-mining-discovers-significant-geophysical-anomaly-at-cerro-blanco-19679.html
<![CDATA[News - Argentina Mining kicks off maiden copper molybdenum exploration at Cerro Blanco ]]> http://www.proactiveinvestors.com.au/companies/news/146137/argentina-mining-kicks-off-maiden-copper-molybdenum-exploration-at-cerro-blanco-15470.html Newly minted Argentina Mining (ASX: AVK) has kicked off a maiden drill program targeting copper molybdenum at the company’s Cerro Blanco Project in Argentina.

The company’s first diamond drill hole follows up an earlier diamond drill hole dug at the site by the Argentinean Government in 1968 that successfully defined copper molybdenum mineralisation.

Results from the previous drill hole include:

- 70 metres at 572 parts per million (ppm) copper from 109 metres;
- 38 metres at 59ppm molybdenum from surface; and
- 30 metres at 41ppm molybdenum from 149 metres.

Eduardo Videla, managing director, said “This event and the upcoming high resolution geophysics program at the Tres Amigos Copper Gold Project, demonstrate the company’s commitment to advancing our projects in the shortest possible time-frame.”

The maiden diamond drill hole will have a minimum downhole depth of 400 metres improving upon the previously drilled hole at 179 metres.

The drill hole will be partnered with another ‘proof of concept’ diamond drill hole and possibly a contingent hole with expected completion in 25 days.

Argentina only hit the ASX boards last month after a successful IPO offering 25 million shares at $0.20 to raise $5 million.

Investors have liked the Argentina story so far, with the shares last trading at $0.25, well above the IPO price.

 

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Wed, 13 Apr 2011 15:22:00 +1000 http://www.proactiveinvestors.com.au/companies/news/146137/argentina-mining-kicks-off-maiden-copper-molybdenum-exploration-at-cerro-blanco-15470.html