http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Thu, 14 Dec 2017 02:05:38 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Zinc of Ireland calls for halt as it examines drill core ]]> http://www.proactiveinvestors.com.au/companies/news/185463/zinc-of-ireland-calls-for-halt-as-it-examines-drill-core-185463.html Zinc of Ireland NL (ASX:ZMI) has been granted a trading halt by the ASX, pending details of drilling results.

Earlier in the month the company intersected massive sulphides at its wholly-owned Kildare Zinc Project in Ireland.

Assays are expected from the first four holes, with another two underway.

The halt will remain in place until the opening of trade on Monday 16th October 2017, or earlier if an announcement is made to the market.

]]>
Thu, 12 Oct 2017 10:32:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185463/zinc-of-ireland-calls-for-halt-as-it-examines-drill-core-185463.html
<![CDATA[News - Zinc of Ireland NL a leading ASX % Gainer following discovery ]]> http://www.proactiveinvestors.com.au/companies/news/181021/zinc-of-ireland-nl-a-leading-asx-gainer-following-discovery-181021.html Zinc of Ireland NL (ASX:ZMI) has discovered significant new high-grade zinc mineralisation across multiple zones at the Celtic Tiger prospect, part of its Kildare MVT Zinc Project in Ireland.

The company’s shares were last trading 20% higher intra-day, at $0.006.

Assay results from the recently completed drilling confirmed the presence of zinc mineralisation across four zones, including a best result of 2.85 metres at 20.2% zinc + 0.88% lead from 193.9 metres.

This has opened up a significant new area for follow-up exploration well outside the project’s existing resource inventory.

Last month, the company revealed the maiden resource for Kildare of 5.2 million tonnes at 8.6% combined zinc + lead for 374,400 tonnes of contained zinc and 72,800 tonnes of contained lead.

The Celtic Tiger prospect constitutes a previously untested area circa 1 kilometres to the west of the McGregor prospect, which hosts the majority of the recently published maiden resource.

Importantly, achieving an intersection grading 20% zinc over a three-metre thickness in a new area is highly encouraging in light of the company’s rationale for targeting there.

Zinc of Ireland now has a significant new prospect in close proximity to the McGregor resource offering a considerable upside potential.

The company is in the process of planning the next round of drilling, during which it will aim to add significant tonnes to the McGregor resource by following up on the spectacular intercept there in June.

At the same time, Zinc of Ireland will assess the potential of the Celtic Tiger prospect and how it can fit into the future of the project.

Top ASX Gainers in morning trade

table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; }

Company Code Last Change Volume Memphasys MEM $0.002 100% 250,000 Astro Resources ARO $0.003 50% 200,000 Kazakhstan Corp KPC $0.022 29.41% 59,339 Elysium Resources EYM $0.012 20% 1,179,559 Dart Mining DTM $0.006 20% 1,440,872 Zinc of Ireland ZMI $0.006 20% 4,083,400 Longford Resources LFR $0.030 20% 102,500 Reffind RFN $0.012 20% 150,000 Indo Mines IDO $0.012 20% 55,000

 

]]>
Tue, 18 Jul 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181021/zinc-of-ireland-nl-a-leading-asx-gainer-following-discovery-181021.html
<![CDATA[News - Zinc of Ireland shares rise on outstanding zinc results in Ireland ]]> http://www.proactiveinvestors.com.au/companies/news/179719/zinc-of-ireland-shares-rise-on-outstanding-zinc-results-in-ireland-179719.html Zinc of Ireland NL (ASX:ZMI) has received exceptional drilling assays from the McGregor prospect at the Kildare Zinc Project in Ireland, including 23.25 metres at 12.7% zinc+0.8% lead from 397 metres.

This intercept is located 45 metres from the nearest drill hole and is likely to have a positive impact on Kildare’s recently published maiden resource of 5.2 million tonnes at 8.6% zinc.

The company’s shares were last trading 50% higher intra-day, at $0.006.

Additional zones of mineralisation include:

- 5.25 metres at 10.2% zinc + 2.5% lead from 240.95 metres;
- 2.06 metres at 8.1% zinc + 0.4% lead from 340.30 metres; and
- 2.61 metres at 7.5% zinc + 0.2% lead from 351.94 metres.

Zinc of Ireland’s drilling also discovered a mineralised fault located to the east of the Base of Reef target.

This structure displays the characteristics of a ‘feeder’ fault with the McGregor mineralisation sitting in its hanging wall.

This is particularly encouraging because mineralisation in Irish zinc deposits is commonly associated with such ‘feeder’ faults, and the mineralisation often thickens and increases in grade towards them.

Zinc of Ireland is planning additional holes as part of the Phase 2 diamond drilling program with the objective of increasing the mineral resource based on the latest McGregor intersections.

Together with the recently published maiden JORC resource, the latest drill results have laid the foundation for an exciting period of exploration for Zinc of Ireland.

]]>
Fri, 23 Jun 2017 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179719/zinc-of-ireland-shares-rise-on-outstanding-zinc-results-in-ireland-179719.html
<![CDATA[News - Zinc of Ireland to reveal drilling results ]]> http://www.proactiveinvestors.com.au/companies/news/179575/zinc-of-ireland-to-reveal-drilling-results-179575.html Zinc of Ireland (ASX:ZMI) has some interesting news pending, with the company being granted a trading halt by the ASX to prepare details of drilling results.

The company recently outlined a maiden JORC Resource for its wholly-owned Kildare MVT Zinc Project.

The halt will remain in place until the opening of trade on Friday 23rd June 2017, or earlier if an announcement is made to the market.

]]>
Wed, 21 Jun 2017 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179575/zinc-of-ireland-to-reveal-drilling-results-179575.html
<![CDATA[News - Zinc of Ireland reveals maiden zinc, lead resource at Kildare ]]> http://www.proactiveinvestors.com.au/companies/news/178612/zinc-of-ireland-reveals-maiden-zinc-lead-resource-at-kildare-178612.html Zinc of Ireland NL (ASX:ZMI) has revealed a maiden JORC 2012 resource estimate for its flagship Kildare MVT Zinc Project, located 40 kilometres southwest of Dublin in Central Ireland.

The project contains 5.2 million tonnes at an average grade of 8.6% combined zinc+lead (7.2% zinc and 1.4% lead) for 374,400 tonnes of contained zinc and 72,800 tonnes of contained lead.

The resource estimate provides a strong foundation for the company’s continuing exploration and resource development activities at the Kildare Project.

A pivotal 3,000 metre diamond drilling program is continuing to test multiple targets, including extensions of mineralisation at the Shamrock and McGregor Prospects.

A recently completed hole intersected a thick zone of massive sulphides at the McGregor Prospect, demonstrating significant mineralisation at this deposit.

The Kildare resource is located in a world-renowned Mississippi Valley-type (MVT) district in an area which has excellent infrastructure and access to services and a skilled workforce.

These positive attributes add to the fact that Zinc of Ireland has already secured an option over the former Galmoy processing plant, located 60 kilometres along strike.

The 650,000 tonnes per annum Galmoy lead-zinc processing plant is a potential key infrastructure item for the Kildare Project development.

Zinc of Ireland is well placed to fast-track the project to take advantage of forecast strong zinc market conditions over the coming decade.

]]>
Thu, 01 Jun 2017 15:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178612/zinc-of-ireland-reveals-maiden-zinc-lead-resource-at-kildare-178612.html
<![CDATA[News - Zinc of Ireland NL to update on resource ]]> http://www.proactiveinvestors.com.au/companies/news/178448/zinc-of-ireland-nl-to-update-on-resource-178448.html Zinc of Ireland NL (ASX:ZMI) has been granted a trading halt by the ASX, pending details relating to a JORC compliant resource.

The company wholly-owns the Kildare MVT Zinc Project in Ireland, where it has been undertaking a diamond drilling program.

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

]]>
Tue, 30 May 2017 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178448/zinc-of-ireland-nl-to-update-on-resource-178448.html
<![CDATA[News - Zinc of Ireland NL in an ASX trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/174261/zinc-of-ireland-nl-in-an-asx-trading-halt-174261.html Zinc of Ireland NL (ASX:ZMI) has been granted a trading halt by the ASX, with its shares placed in pre-open.

ZMI requested the halt pending details relating to an option to acquire a plant and equipment.

The halt will remain in place until the opening of trade on Wednesday 8th March 2017, or earlier if an announcement is made to the market.

]]>
Mon, 06 Mar 2017 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174261/zinc-of-ireland-nl-in-an-asx-trading-halt-174261.html
<![CDATA[News - Zinc of Ireland NL to reveal exploration results ]]> http://www.proactiveinvestors.com.au/companies/news/170154/zinc-of-ireland-nl-to-reveal-exploration-results-170154.html The halt will remain in place until the opening of trade on Monday 12th December 2016, or earlier if an announcement is made to the market.

]]>
Thu, 08 Dec 2016 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170154/zinc-of-ireland-nl-to-reveal-exploration-results-170154.html
<![CDATA[News - Zinc of Ireland in an ASX trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/168177/zinc-of-ireland-in-an-asx-trading-halt-168177.html The halt will remain in place until the opening of trade on Tuesday 1st November 2016, or earlier if an announcement is made to the market.

]]>
Fri, 28 Oct 2016 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168177/zinc-of-ireland-in-an-asx-trading-halt-168177.html
<![CDATA[News - Zinc of Ireland NL gets ready to raise ]]> http://www.proactiveinvestors.com.au/companies/news/165263/zinc-of-ireland-nl-gets-ready-to-raise-70683.html Zinc of Ireland NL (ASX:ZMI) 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 Tuesday 30th August 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.

]]>
Fri, 26 Aug 2016 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165263/zinc-of-ireland-nl-gets-ready-to-raise-70683.html
<![CDATA[News - Zinc of Ireland NL is Thursday's ASX Most Traded with 50 million ]]> http://www.proactiveinvestors.com.au/companies/news/165262/zinc-of-ireland-nl-is-thursdays-asx-most-traded-with-50-million-70263.html Thursday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Zinc of Ireland NL ZMI $0.023 15% 50,345,956 KBL Mining Ltd KBL $0.006 0% 46,755,184 Dark Horse Resources Ltd DHR $0.007 -30% 44,009,347 Winmar Resources Ltd WFE $0.003 50% 30,615,986 Viva Energy Reit VVR $2.600 1.56% 30,557,475 Niuminco Group Ltd NIU $0.007 -12.50% 27,093,389 Emeco Holdings Ltd EHL $0.071 86.84% 25,667,279 Volt Resources Ltd VRC $0.087 7.41% 24,902,269 Monax Mining Ltd MOX $0.021 -8.70% 23,462,411 Vital Metals Ltd VML $0.022 -12% 22,932,391

 

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.

]]>
Fri, 05 Aug 2016 07:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165262/zinc-of-ireland-nl-is-thursdays-asx-most-traded-with-50-million-70263.html
<![CDATA[News - Global Metals Exploration NL eyes zinc assets in Ireland ]]> http://www.proactiveinvestors.com.au/companies/news/147535/global-metals-exploration-nl-eyes-zinc-assets-in-ireland-67578.html Global Metals Exploration NL (ASX:GXN) has entered into an agreement to acquire all of the issued capital of Australian public company Zinc Mines of Ireland Limited.

ZMI has been involved in the identification, acquisition, exploration and development of zinc projects in the Republic of Ireland.

ZMI currently holds twenty-one prospecting licenses in seven project areas for a total landholding of approximately 750 square-kilometres.

Consideration for the acquisition is the issue of 275,000,000 fully paid ordinary Global shares to ZMI shareholders and the issue of listed and unlisted 275,000,000 options.

Given increasing demand and diminishing supplies, prospects for zinc appear bright and spot prices have risen by more than 20% in the last two months.

Drill intersections at the Kildare Project, one of project areas, showed results of 12.2% zinc at 48 metres depth and lead from 14 metres depth. Initial walk up drilling program is planned at Kildare to test for high grade shallow zinc mineralisation.

Of interest, Ireland is the largest producer of zinc in Western Europe, producing 25% of the region’s zinc.

It is also home to Europe’s largest zinc mine - Navan Boliden Tara Mine and the Lisheen mine which is one of the ten largest zinc mines worldwide.

Prior to acquisition of ZMI, Global Metals Exploration was planning to consolidate its capital on a 1 for 10 basis. Post-acquisition ZMI shareholders would get 275 million ordinary shares of Global and 275 million Global share options.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Thu, 17 Mar 2016 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147535/global-metals-exploration-nl-eyes-zinc-assets-in-ireland-67578.html
<![CDATA[News - Global Metals Exploration NL to reveal acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/147534/global-metals-exploration-nl-to-reveal-acquisition-67522.html Global Metals Exploration NL (ASX:GXN) is poised to reveal details of an acquisition, with the ASX granting the company trading halt to prepare.

The halt will remain in place until the opening of trade on Thursday 17th March 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.

]]>
Tue, 15 Mar 2016 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147534/global-metals-exploration-nl-to-reveal-acquisition-67522.html
<![CDATA[News - Global Metals, Charter Pacific among ASX% Gainers intra-day ]]> http://www.proactiveinvestors.com.au/companies/news/147533/global-metals-charter-pacific-among-asx-gainers-intra-day-62218.html Thursday’s leading ASX % Gainers intra-day.

NameCodeLastChangeVolume Charter Pacific Corporation ASX:CHF $0.035 133.3% 435,000 Global Metals ASX:GXN $0.006 100% 5,555,670 Archer Exploration ASX:AXE $0.13 44.4% 1,178,239 Mithril Resources ASX:MTH $0.007 40% 95,000 Zeta Petroleum ASX:ZTA $0.15 30.4% 14,500 Fitzroy Resources ASX:FRY $0.009 28.6% 750,000 KBL Mining ASX:KBL $0.032 28% 2,892,360 Resource Generation ASX:RES $0.115 27.8% 396,554 Promesa Limited ASX:PRA $0.014 27.3% 42,270,319 McAleese Limited ASX:MCS $0.14 27.3% 7,762,247

 

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.

]]>
Thu, 07 May 2015 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147533/global-metals-charter-pacific-among-asx-gainers-intra-day-62218.html
<![CDATA[News - Global Metals Exploration defines gold strike in Western Australia’s Yilgarn region ]]> http://www.proactiveinvestors.com.au/companies/news/147532/global-metals-exploration-defines-gold-strike-in-western-australias-yilgarn-region-43186.html Global Metals Exploration (ASX: GXN) has established a strike length of 1.9 kilometres of gold anomalism in the saprolite bedrock zone of the Central Prospect in its Jutson Rocks Project, Western Australia.

This zone was identified by Phase 1 air core drilling and remains open both to the north and south, providing significant potential to increase the strike length.

Peak values of up to 1.08 grams per tonne gold were assayed, higher than the expected target range of 0.1g/t to 0.5g/t.

Global Metals noted it is only targeting the broad secondary geochemical dispersion zone at the base of weathering to delineate broad mineralised zones.

This will allow targeting of the primary mineralisation by deeper reverse circulation drilling.

The drill hole spacing of 100 metres for this program is more widely spaced than the initial aircore program that identified the mineralisation in order to cover a much greater across strike width to define the lateral extent of this large gold anomalous zone.

In addition to the main NNE trending gold anomalism of the Central prospect, a second zone of gold anomalism is emerging to the east of the main zone.

This zone is currently open to the south and will be followed up by further aircore drilling.

Potential also exists for regolith mineralisation to occur beyond the west side of the Central prospect boundary, towards the eastern margin of an aeromagnetic interpreted granite intrusive rock concealed beneath transported soil cover.

Follow up aircore drilling will be planned here to investigate potential for a concealed shear or fault zone control to hydrothermal gold mineralization and/or enrichment, towards and along the interpreted granite margin.

Jutson Rocks is located about 125 kilometres northeast of the gold mining town of Laverton, within the north-eastern region of the Yilgarn.

 

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.

]]>
Mon, 13 May 2013 15:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147532/global-metals-exploration-defines-gold-strike-in-western-australias-yilgarn-region-43186.html
<![CDATA[News - Global Metals Exploration completes drilling program at Western Australia gold project ]]> http://www.proactiveinvestors.com.au/companies/news/147531/global-metals-exploration-completes-drilling-program-at-western-australia-gold-project-41514.html Global Metals Exploration (ASX: GXN) has completed the first phase of aircore drilling at its Jutsons Rocks Project in Western Australia and has sent samples for analysis.

Of the initial 3,000 metres planned, a total of 1,593 metres was drilled to blade refusal into the bedrock, producing average drill hole depths of 33 metres at the Central prospect and 18 metres at the Tankard Prospect.

The proposed drill holes at the Gravel Pit anomaly were removed from this program due to a requirement for an initial Auger soil sampling program to further enhance and delineate the existing BLEG gold anomaly.

A total of 479 4 metre composite samples and 54 1 metre samples have been dispatched to ALS Laboratory in Perth for analysis of gold.

Assay results are expected by the second half of April.

Global Metals is currently conducting geological interpretation of drill hole logging in preparation for a second phase of drilling at Jutson Rocks and will finalise planning once the assays are returned and processed.

At the Great Central prospect narrow intervals of hydrothermal-style quartz veining, up to two metres in drill hole interval widths were encountered within sheared and metamorphosed undifferentiated intermediate volcanic rocks, mafic rocks and sediment rocks.

At the Tankard prospect narrow intervals of weak hydrothermal-style quartz veining, up to one metre in width were intercepted in drill holes along contact zones between metasediment rocks and mafic amphibolite rocks.

 

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.

]]>
Wed, 03 Apr 2013 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147531/global-metals-exploration-completes-drilling-program-at-western-australia-gold-project-41514.html
<![CDATA[News - Global Metals Exploration to begin drilling of Western Australian gold anomalies ]]> http://www.proactiveinvestors.com.au/companies/news/147530/global-metals-exploration-to-begin-drilling-of-western-australian-gold-anomalies--40342.html Global Metals Exploration (ASX: GXN) will soon begin a 3,000 metre aircore drilling program at its Jutson Rocks Project to test beneath promising surface soil gold geochemistry anomalies.

The project is located about 125 kilometres northeast of the gold mining town of Laverton, within the northeastern region of the Yilgarn, in Western Australia.

The first phase of the total 10,000 metre drilling program will begin in about 10 days and will test three significant soil gold anomalies – Central, Tankard and Gravel Pit – defined from previous work on the project.

The prospects cover large areas of up to 2.5 by 2 kilometres and have returned strongly anomalous gold assays from both soil and auger sampling.

The anomalous gold geochemistry shows strong correlation with both lithological contacts and structural trends and breaks.

The Central prospect has already returned notable gold intercepts at the weathered bedrock interface of up to 4 metres at 3.5 grams per tonne (g/t) gold from limited drilling on two lines spaced 1.1 kilometres apart.

The Jutson Rocks Project is situated within a parallel greenstone belt to the 0.9 million ounce Yamarna Belt that already has established copper-nickel mineralisation on the eastern edge with gold mineralisation in the central zone.

There is considerable tenement activity within these two under-explored belts.

Global Metals has already established 20 new gold anomalies that now require drill testing.

The company holds 90% of the Jutson Rocks Greenstone Belt, where a 35 kilometre long gold corridor has been identified.


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.

]]>
Mon, 04 Mar 2013 14:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147530/global-metals-exploration-to-begin-drilling-of-western-australian-gold-anomalies--40342.html
<![CDATA[News - Global Metals Exploration finds nickel/copper zone in WA ]]> http://www.proactiveinvestors.com.au/companies/news/147529/global-metals-exploration-finds-nickelcopper-zone-in-wa-34287.html Global Metals Exploration (ASX: GXN) has discovered a zone of nickel and copper enrichment from its phase one drilling program at the Mt Venn project in Western Australia.

Mineralised zones of copper up to 0.29% and nickel of up to 0.089% were intersected in a differentiated sill.

The company had drilled five reverse circulation holes were drilled to test four geophysical anomalies, three of which were located in the Mt. Venn Gabbro Complex.

This will now be followed by the second phase of drilling into a target generated during recent desktop analysis of the historic data from Helix Resources (ASX: HLX), which shows a 1.5 kilometre long soil anomaly containing up to 2,000ppm copper.
   
This is adjacent to a 850 metre-long VTEM anomaly.

Global will use air core drilling rather than reverse circulation drilling initially due to the size of the anomaly and will follow up with reverse circulation drilling if warranted.

The company is also poised to carry out a large scale Heritage Survey over a large number of gold anomalies identified by soil sampling at the Jutson Rocks prospect.

 

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.

]]>
Tue, 09 Oct 2012 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147529/global-metals-exploration-finds-nickelcopper-zone-in-wa-34287.html
<![CDATA[News - Global Metals Exploration begins foray into graphite market with Tanzanian acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/147528/global-metals-exploration-begins-foray-into-graphite-market-with-tanzanian-acquisition--32977.html Global Metals Exploration (ASX: GXN) has inked a Heads of Agreement to acquire Hatua Resources, a Tanzanian-focused graphite explorer that holds a number of projects in the region prospective for graphite.

The 1,200 square kilometres of tenements owned by Hatua lie along strike from Syrah Resources' (ASX: SYR) highly prospective Nachingwea Project, which has been shown to host large areas of outcropping graphite.

Hatua’s projects are just as highly prospective for graphite mineralisation, including outcrops of course flake graphitic schist with grades of up to 10% carbon identified over a 900 metre strike and 400 metre width.

The projects substantially overlay the graphite prospective Mozambique Mobile Belt with graphitic schists located both within and surrounding the projects.

Assays from rock chip samples taken from the Injaa Hill project, which is situated less than 15 kilometres northeast of Syrah’s Nachingwea project, range from 8.9% to 10.9% carbon and have coarse grain sizes between 1 and 5 millimetres.

Artisinal gemstone miners adjacent to the main prospect at Injaa Hill have uncovered additional graphite mineralisation of 2 to 3 metres wide and up to 80 metres long in a trench.


Extensions of Syrah’s Nachingwea

Global Metals has also identified three prospective corridors for exploration at Injaa Hill based on demagnetised zones and strike extensions from Syrah’s Nachingwea graphite project, located directly to the south.

These corridors present an early opportunity to expand the known occurrence of graphite mineralisation with further exploration activities.

The other five tenements also extend over the prospective Mozambique Mobile Belt that comprises quartzites, marbles, gneiss and graphitic schist, but have had little investigation so far.

Due diligence over the large landholding will further assess the results of previous exploration programs carried out on the tenements.

If the acquisition goes ahead, Global Metals’ initial exploration program is anticipated to involve definition of the extent of the graphitic schist corridors through mapping, geochemical sampling and geophysical surveying, followed by a reverse circulation drill program.


Strategic location

Tanzania is a politically stable, English speaking country. The African jurisdiction has many advantages over other countries in the region, and is a preferred destination for exploration and mining investment.

This is clear from the number of Australian resources companies that have operations in Tanzania, including Kibaran Resources (ASX:KNL), IMX Resources (ASX: IXR), Peak Resources (ASX: PEK, OTCQX: PKRLY) and Beach Energy (ASX: BPT).

The region has high quality infrastructure already in place, including access via mainly sealed roads from the coastal towns of Lindi and Mtwara which also host an airport and deepwater port facilities.


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.

]]>
Fri, 31 Aug 2012 11:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147528/global-metals-exploration-begins-foray-into-graphite-market-with-tanzanian-acquisition--32977.html
<![CDATA[News - Global Metals Exploration to enter graphite market, granted halt ]]> http://www.proactiveinvestors.com.au/companies/news/147527/global-metals-exploration-to-enter-graphite-market-granted-halt-32863.html Global Metals Exploration (ASX: GXN) has this morning been granted a trading halt by the ASX pending the release of details surrounding a major acquisition of a project in the graphite market in Tanzania.

Global Metals has not yet provided any additional details, with the halt in place until the earlier of an announcement being made to the market, or the opening of trade on Friday 31st August.

 

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.

]]>
Wed, 29 Aug 2012 09:50:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147527/global-metals-exploration-to-enter-graphite-market-granted-halt-32863.html
<![CDATA[News - Global Metals Exploration’s surveying success doubles gold anomalies at Jutson Rocks ]]> http://www.proactiveinvestors.com.au/companies/news/147526/global-metals-explorations-surveying-success-doubles-gold-anomalies-at-jutson-rocks-32032.html Global Metals Exploration (ASX: GXN) has discovered 10 new anomalous gold areas at its Jutson Rocks project in Western Australia, doubling the total number of anomalies now discovered at the project, following continued exploration success.

The company has now received the third round of bulk leach extractable gold (BLEG) results, which delivered assays of up to 37.1 parts per billion, which is considered anomalous.

This round of BLEG results represent further potential for subsurface gold targets, which has previously been demonstrated by the first round of rotary air blast drilling that discovered subsurface gold anomalism as high as 8.38 grams per tonne (g/t) gold in the supergene halo.

Global Metals Exploration looks to be defining a new, previously unknown goldfield in the Jutson Rocks greenstone belt, with first scout drilling into the first round of BLEG showing there is sub-surface gold mineralisation directly under the surface gold anomalies.

As a result, auger drilling is set to begin in a fortnight to better define the new gold anomalies.

Global Metals Exploration has been conducting an extensive gold survey since the start of August 2010.

The BLEG 3 survey forms one of multiple rounds of partial and full digest soil sampling, which have before now produced 10 gold anomalies, a portion of which were targeted with rotary air blast drilling earlier this year.

The new Gravel Pit anomaly is located 5 kilometres east of the large Central Prospect which has returned rotary air blast anomalism of 4 metres at 3.5 grams per tonne (g/t).

The new anomaly has two previously untested helicopter-borne electromagnetic or VTEM signatures and has a number of local fault/structures coincident to the electromagnetic signatures.


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.

]]>
Fri, 03 Aug 2012 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147526/global-metals-explorations-surveying-success-doubles-gold-anomalies-at-jutson-rocks-32032.html
<![CDATA[News - Global Metals Exploration secures A$2M, poised to start Mt Venn copper drilling ]]> http://www.proactiveinvestors.com.au/companies/news/147525/global-metals-exploration-secures-a2m-poised-to-start-mt-venn-copper-drilling-31521.html Global Metals Exploration (ASX: GXN) is set to start copper exploration drilling at Mt Venn, Western Australia, after securing a A$2 million share placement to institutional investors.

The company is now handling final logistical issues and booking drilling contractors for the 2500 metre reverse circulation program to follow up on the copper and nickel sulphides intersections made by Helix Resources in the past.

Mt Venn has a number of ready to drill targets that the company had identified from a helicopter borne VTEM and ground electromagnetic carried out in 2010.

This had defined six targets in the area

Global Metals is also in the planning stages for a 25,000 metre air core drilling program at its Jutson Rocks project in the Eastern Goldfields region of Western Australia.

Share placement

The share placement to institutional and sophisticated investors consists of 22 million shares priced at A$0.009 each.

Each share also comes with an attaching option that is exercisable at A$0.02 on or before November 1, 2015.

Proceeds from the placement will be used to complete the acquisition of Messina Resources and fund ongoing activity.

 

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.

]]>
Fri, 20 Jul 2012 11:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147525/global-metals-exploration-secures-a2m-poised-to-start-mt-venn-copper-drilling-31521.html
<![CDATA[News - Global Metals Exploration in pre open pending share placement details ]]> http://www.proactiveinvestors.com.au/companies/news/147524/global-metals-exploration-in-pre-open-pending-share-placement-details-31166.html Global Metals Exploration (ASX: GXN) has been granted a trading halt by the ASX pending the finalisation of the details for a material share placement, with the company's shares placed in pre-open.

Global Metals has not yet indicated where the potential capital injection will be allocated, but the company has been active this year exploring at the Jutson Rocks in the Eastern Goldfields region of Western Australia.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 13th July.

 

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.

]]>
Wed, 11 Jul 2012 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147524/global-metals-exploration-in-pre-open-pending-share-placement-details-31166.html
<![CDATA[News - Global Metals Exploration identifies gold anomalies in Eastern Golfields ]]> http://www.proactiveinvestors.com.au/companies/news/147523/global-metals-exploration-identifies-gold-anomalies-in-eastern-golfields-30274.html Global Metals Exploration (ASX: GXN) has discovered more gold anomalies at the Jutson Rocks Project within assays from third phase auger sampling.

The company has identified a number of discrete geochemical gold anomalies along a structural corridor, stretching across about 15 kilometres.

Results from the sampling program have returned gold mineralisation ranging from 0.01 grams per tonne (g/t) gold, which Global considers anomalous, to highly anomalous grades of 1.61g/t gold.

Importantly, these results support the exploration model that Global has been using and provide encouragement to continue exploration.

A second phase exploratory air core or rotary air blast drilling program is planned to follow up on these results and test for further anomalous gold mineralisation.

This drilling will initially focus on testing the underlying bedrock regolith to blade-refusal depth for gold mineralisation. Infill sampling is also planned in preparation for air core drilling.

The Jutson Rocks project is located in the Eastern Goldfields region of Western Australia, within the north-eastern region of the Yilgarn Craton.



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.

]]>
Tue, 19 Jun 2012 12:10:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147523/global-metals-exploration-identifies-gold-anomalies-in-eastern-golfields-30274.html
<![CDATA[News - Global Metals Exploration to acquire project in Western Australia’s historic Leonora goldfields ]]> http://www.proactiveinvestors.com.au/companies/news/147522/global-metals-exploration-to-acquire-project-in-western-australias-historic-leonora-goldfields--30037.html Global Metals Exploration (ASX: GXN) has entered into an agreement to acquire a gold project strategically located in Western Australia’s historic Leonora goldfields which has potential synergies with its existing project in the Jutsons Rocks Greenstone Belt.

The company will add the project to its portfolio through the acquisition of Messina Resources, which holds a collection of tenements known as the Leonora Project.

Consideration for the deal is around A$1.3 million to be paid via a combination of cash and the issue of Global Metals shares. 

The Leonora Project is expected to complement Global Metals’ existing Jutson Rocks exploration project, where earlier this year the company discovered gold mineralisation in its maiden rotary air blast drilling program.

Highlight intercepts of 4 metres at 3.5 grams per tonne (g/t) gold from 32 metres, 4 metres at 0.88g/t gold from 40 metres, and 4 metres at 0.54g/t gold from 28 metres were delivered in the program.

The Leonora Project, which comprises three tenements, is located about 17 to 25 kilometres east of the township of Leonora and is nearby the sealed Goldfields Highway.

Previous exploration work on the project has identified long gold anomalous mineralised trends within the tenements that provide base targets for exploration.

To complete due diligence over the project, Global Metals will assess the results of previous drilling and geochemical programs.

Much of the previous drilling is broad spaced and has high potential to host resources with a small surface footprint.

The project also contains felsic volcanic rocks similar to those that host the Teutonic Bore deposits around 35 kilometres to the northwest.

Global Metals has mapped out an initial exploration plan comprising further rotary air blast and aircore drilling subject to the analysis and interpretation of previous exploration.

First work on the tenements will involve calculating and assessing all of the data for potential resource modelling.

Global Metals also intends to undertake an infill soil survey and potentially a program of aeromagnetics over the tenements.


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.

]]>
Wed, 13 Jun 2012 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147522/global-metals-exploration-to-acquire-project-in-western-australias-historic-leonora-goldfields--30037.html
<![CDATA[News - Global Metals Exploration strikes gold at Jutson Rocks Project ]]> http://www.proactiveinvestors.com.au/companies/news/147521/global-metals-exploration-strikes-gold-at-jutson-rocks-project-27737.html Global Metals Exploration (ASX: GXN) has discovered gold mineralisation at the Jutson Rocks Gold Project in Western Australia in the company’s maiden rotary air blast drilling program.

Intercepts from the program include:

- 4 metres at 3.5 grams per tonne (g/t) gold from 32 metres;
- 4 metres at 0.88g/t gold from 40 metres; and
- 4 metres at 0.54g/t gold from 28 metres.

Anomalous nickel, copper and zinc base metals have also been intersected at the project, with intercepts including 36 metres at 0.2% nickel from 16 metres.

Global Metals is planning an aggressive drilling program at Jutson Rocks to follow up on the results.

Shares in Global Metals jumped almost 17% to $0.014 on the news, before easing back to $0.013 at market close.

]]>
Tue, 17 Apr 2012 17:10:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147521/global-metals-exploration-strikes-gold-at-jutson-rocks-project-27737.html
<![CDATA[News - Global Metals Exploration extends gold strike length of underexplored Jutson Rocks ]]> http://www.proactiveinvestors.com.au/companies/news/147520/global-metals-exploration-extends-gold-strike-length-of-underexplored-jutson-rocks--25673.html Global Metals Exploration (ASX: GXN) has extended the strike length of gold mineralisation, which remains open, at its Jutson Rocks project in the Eastern Goldfields region of Western Australia.

Assays have been received for the second phase 241-hole auger drilling program designed to infill and extend the anomalies identified in the first round of auger drilling.

These new auger results are located within a 30 kilometre long zone of gold anomalism identified from geochemical sampling programs by previous explorers, mostly in the 1970s.

The previous 755 sample auger drilling program identified six gold anomalies, the largest of which has a strike length of 1.6 kilometres and a peak result of 3.05 grams per tonne of gold.

Global Metals has focused exploration on the central part of the Archaean Jutson Rocks Greenstone Belt, south of the historical Chapman’s Reward gold mine.

Importantly, the Jutson Rocks Greenstone Belt is considered one of the last remaining uncovered greenstone belts in the Eastern Goldfields which has not been systematically explored for gold.

The Jutson Rocks project lies about 30 kilometres northwest of Gold Road Resources’s Central Bore project in the adjacent Yamana greenstone belt and also borders Ausgold’s Winchester prospect.

The southern gold prospect remains open to the south and there are a number of individual gold anomalies, particularly a northeast to southwest trend, that require follow up rotary air blast testing.

The northern-most gold prospect width of 150-200 metres at 14 parts per billion gold has not yet been closed off to the north and south.

The current rotary air blast drilling program, which has recommenced and doubled to 3,000 metres, is the first systematic drill testing of the gold potential of the Jutson Rocks Greenstone Belt.

Global Metals expects the rotary air blast drilling program to be completed in the next few days, with assay results expected within six to eight weeks after that.

 

OTC-QX Listing

Global Metals is preparing to list on the OTC-QX Exchange, the United States’ third most traded market after the NYSE and NASDAQ, following the establishment of a Sponsored American Depository Receipt program during the December 2011 quarter.

The listing will create exposure in the broader secondary market for Global Metals, particularly in the U.S. and Canada.

Global Metals recently changed its name from Global Nickel Investments to better reflect its shift into precious metals as well as base metals.

]]>
Fri, 24 Feb 2012 12:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147520/global-metals-exploration-extends-gold-strike-length-of-underexplored-jutson-rocks--25673.html