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Additional information
Additional Information
Market: ASX
Sector: Gold Mining
Epic: ASX: MGK
News: Latest news
Web Site: Mil Resources
Other Articles: 08-07-200916-06-200910-06-2009

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Tuesday March 16, 11:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

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Wednesday March 17, 03:46Access Pharmaceuticals’ Cobalamin oral platform could offer new way to administer insulin

This morning, Access Pharma reported that two independent animal studies confirmed earlier findings that Cobalamin offers significant bioavailability of orally delivered insulin

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Mil Resources

Mil Resources

MIL is a resources investment and development company with a number of activities:

  • 25% interest (and earning up to 90%) of the Amazon Bay ironsands project in Papua New Guinea;
  • global exclusive license to the MIL-Dow electrolytic magnesium process technology;
  • 100% ownership of magnesite resources near Leigh Creek, South Australia.
Friday, September 11, 2009

MIL Resources finds more gold at POI in PNG

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Papua New Guinea explorer MIL Resources (ASX: MGK) has discovered further gold from pan concentrate sampling at Poi prospect.

High grade gold assays received from pan sampling, look to have opened up two new potential gold zones.  Mogambos and Blue Rock anomalies, have  extended the system to the north-west.

Best pan concentrate assays from the recent sampling returned: Mogambos: 12.15g/t Au; 11.90 g/t Au ; 7.36 g/t Au; Wacheri: 6.93 g/t Au; Morti: 4.52 g/t Au; Blue Rock: 1.18 g/t Au; Bona Flats: 1.13 g/t Au and Poi: 0.89 g/t Au.

John Haggman said the assay results tended to confirm the apparent continuous nature of the gold anomalous system.

He said this system is coincident with an extensive radiometric anomaly striking over 10km long and 1.5km wide.

Although early days, work to date indicates that Poi has characteristics typical of porphyry gold copper systems found in island arc settings such as PNG.

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