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Market: ASX
Sector: General Mining
Epic: PMQ
News: Latest news
Web Site: Planet Metals Ltd
Other Articles: 10-05-201031-03-2010

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Saturday September 04, 06:00Serving up support at Babcock

Support services have been among the worst performing sectors over the past month as revenue fears from the government’s austerity measures weigh heavily on the sector.

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Friday September 03, 11:40 Goldcorp snatches Andean Resources in $3.6bn deal, trumping Eldorado`s earlier bid

Both companies are vying for Andean`s Cerro Negro gold project, which is an advanced-stage, high-grade vein system, comprising 215 square kilometers. It currently has indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver, while inferred resources total 523,000 ounces of gold and 3.12 million ounces of silver.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Planet Metals Ltd

Planet Metals Ltd

Planet Metals (ASX: PMQ) is an ASX-listed mining and exploration company with a focus on tungsten, molybdenum, copper and gold.

Wednesday, March 31, 2010

Planet Metals completes assay program at Wolfram Camp Tungsten Mine

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As previously advised by Planet Metals (ASX: PMQ), a drilling program was to be carried out at Wolfram Camp ahead of any decision being made to recommence operations. This program has now been completed with all assay results received and compiled.

A total of 200 holes (4,840m) were drilled at the Wolfram Camp minesite (90km west of Cairns, Qld) between September 2009 and February 2010.

The aim of the program was to infill areas in the existing resource model where there was paucity of drill data and provide additional geological information for an updated resource model.

Best results included: 2m @ 26.3% WO3 and 5.5% Mo from 2m (Hole BP-059); 1m @ 16.7% WO3 and 2.2% Mo from 27m (Hole WCD-044); 2m @ 3.4% WO3 and 0.1% Mo from 13m (Hole WCD-058); 3m @ 2.9% WO3 and 0.04% Mo from 5m (Hole BP-018).

All assay, survey and geological data has been compiled into a database which has been forwarded to Golder Associates to undertake an updated independent resource estimate.

This is expected to be completed by the end of April 2010.

Care and maintenance activities continue at Wolfram Camp as the company continues to evaluate the project with a view to returning it to production.

Planet Metals has identified a number of key modifications which it proposes to implement to improve the performance of the project’s 150,000tpa plant and equipment prior to any decision being made to resume production.

The company also continues to investigate the use of X-ray ore sorting technology to enhance mill feed grade following positive initial results.

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