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Additional information
Additional Information
Market: ASX
Sector: Gold Mining
Epic: MZM
News: Latest news
Web Site: Montezuma Mining
Other Articles: 23-12-200908-12-200902-12-2009

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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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Montezuma Mining

Montezuma Mining

Montezuma has in excess of 3,000 km2 of exploration tenure in Western Australia, with multi-commodity prospectivity including gold, copper, nickel and uranium targets.

The portfolio centrepiece is the Peak Hill gold mine which has produced in excess of 900,000 oz of gold and has existing resources in excess of 200,000 oz of gold.

 

Wednesday, January 20, 2010

Montezuma Mining receives grades of up to 45.7% from rock sampling at Butcher Bird

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Shares in Montezuma Mining (ASX: MZM) reacted strongly after the company announced that 22 additional rock chip sampling on Butcher Bird in Western Australia have returned further very strong manganese results over priority target areas.

During the morning trade, the share price in the Perth-based resources company jumped 17.1%, or 3.5c, to 24c.

A total of 72 surface rock chip samples have now been collected by Montezuma over three site visits.

Results of up to 45.7% Mn were received, with only 2.5% Fe from 22 rock chip samples over a strike of approximately 8km.

Eight priority target areas have been identified for drill testing once tenement is granted, expected in February 2010.

Managing Director Justin Brown said the results continued to provide a very strong case for the project to be a priority project for drill testing of key target areas.

Bindi Bindi West represents a buried manganese rich paleochannel that is exposed by present day gully erosion. The paleochannel stikes roughly NE, and directly along strike from Bindi Bindi Hill.

This paleochannel represents one of the tributaries of the Bindi Bindi Hill paleochannel, and provides an exploration target comprising the western margins of the present day Bindi Bindi Flats. BBG19 to 21 are from the paleochannel mineralised zone, and BBG22 is from the margins, confirming the contact is an unconformity.

The Butcher Bird licence application straddles the Great North Highway approximately 120km south of Newman. The land is open with sparse vegetative cover, giving good access to all areas of the licence.

The Butcher Bird copper prospect with historical grades of up to 20% Cu with gold and silver credits.

Based on the large regional extent of the surface mineralisation the available outcrop and remote sensing data, Butcher Bird continues to demonstrate excellent potential to host commercial quantities of manganese. Once the tenements have been granted and relevant clearances received, drilling will commence as soon as possible.

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