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Additional information
Additional Information
Market: AIM, ASX
Sector: Gold Mining
Epic: AGLD
News: Latest news
Web Site: Allied Gold
Other Articles: 21-01-201027-11-200916-11-2009

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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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Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

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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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Allied Gold

Allied Gold

Allied Gold Limited (ASX: ALD; AIM:AGLD) is an Australian-based company with gold production and exploration activities in Papua New Guinea.  Its gold producing Simberi mine site is located in the Tabar Islands, with exploration for gold and other mineral resources such as copper taking place on the adjacent Tatau and Big Tabar Islands. 

In 2008-09, the company produced 80,000 ounces of gold, with gold production to increase to an estimated 100,000 ounces for the fiscal year 2009-10.  Allied Gold intends to ramp up total gold production to a further 200,000 ounces by 2013.

 

Friday, November 27, 2009

Allied Gold receives high-grade gold assays at Pigiput and Pigibo gold prospects

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Australian-listed Allied Gold (ASX: ALD) has received further high-grade gold assays from diamond core and reverse circulation holes drilled at the Pigiput and Pigibo gold prospects in Papua New Guinea.

The latest drilling and assay results continue to affirm the continuity of gold grade and width of mineralisation at both the Pigiput and Pigibo prospects.

The best down-hole intercepts in diamond core holes included 119m @ 2.15g/t Au from 158m in SU, 35m @ 1.65g/t Au from 211m in SU, 49m @ 2.88g/t Au from 129m in SU and 6m @ 5.11g/t Au from 136m in SU.

Gold assays were received for samples from fourteen 14 diamond core holes, drilled at the Pigiput Deposit as part of an ongoing in-fill and step-out program. The holes are part of a drilling programme, commenced in May 2009, designed to support the A$10 million Sulphide and Oxide Expansion Studies.

These studies target increasing total oxide and sulphide production to in excess of 200,000oz p.a. by 2012.

Gold assays received from two diamond core and six reverse circulation holes, defined the down dip extension of the Pigibo deposit.

Mineralised down-hole intercepts were found in 3 holes including 28m @ 3.82g/t Au from 108m in OX, TR, SU, 42m @ 3.64g/t Au from 37m in TR and 42m @ 2.82g/t Au from 78m in TR, SU.

The company is actively undertaking in-fill and step-out reverse circulation and diamond core drilling at two prospect areas, Pigiput and Pigibo, centred 800 metres apart in the central part of mining lease ML136.

Allied Gold Limited’s gold production and exploration development portfolio is centred on the Tabar Islands of Papua New Guinea, approximately 60 kilometres from Lihir Island which hosts a plus 40 million ounce gold resource and is well placed in the Pacific Rim of Fire.

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