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Additional Information
Market: ASX
Sector: General Mining
Epic: ORD
News: Latest news
Web Site: Ord River Resources
Other Articles: 10-08-201029-07-201028-07-2010

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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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Ord River Resources

Ord River Resources

Ord River Resources (ASX:ORD) is a minerals exploration and development company with projects in copper, bauxite and gold. Their strategy is to grow by acquiring prospective precious and base metals tenements, exploring, appraising, then developing and, in time, mining gold and base metals. ORD works closely with its partners in projects.

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Wednesday, July 28, 2010

Ord River Resources completes field work for Laos LSI tenement

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Ord River Resources (ASX: ORD) has provided a further update on the Laos Project feasibility study with field work for tenement LSI completed.

ORD holds a 49% interest in Sino Australian Resources (Laos) Co., Ltd (SARCO), a joint venture company between ORD and China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd (NFC).

SARCO contracted Sinomine Resource Exploration Co., Ltd to carry out a feasibility study valued at A$5.3million.

Sinomines has completed drilling a total of 1,195 holes with 9,387.56 meters in depth at LSI. 1,012 holes with 8,072.39 meters in depth were drilled.

Yuqida has had 183 holes drilled so far with 1,315.17 meters in depth. 8,722 samples of rock core have been collected.

Extensive geological and mapping work has also been completed. 352.25ha of land has been cleared of UXO to support the field work.

The company said this is a large amount of work completed in a short period of time since the commencement of the feasibility study in early March.

Peter Shou, managing director, said "we are confident that there will be positive results derived from such an extensive work program. We hold a firm belief in the tremendous value the Laos project will deliver to all stakeholders."

"We will continue to work hard with our JV partner NFC to advance the project to the next stage for investment and development.”

Sinomines will now focus on completing all the necessary drilling analysis, core sampling, geological mapping, detailed analysis and preparation work during the wet season which just commenced.

Sinomines has halted field work and returned majority of its field staff to China. Sinomines will return to Laos to complete field work as soon as the wet season finishes in late 2010.

In the prevoius week project contractor Sinomine Resource Exploration Co., Ltd. has carried out project work including:

LSI Tenement

- The Topographic Survey for ore blocks 1, 12, 14, 15 and 16 were fully completed.
- Geological mapping for LSI achieved 10% completion.
- Geologic Map Surveying achieved 10% completion.
- Survey of Exploratory Line Schedule achieved 5% completion.
- Hydrologic engineering and environmental geology Survey achieved 10% completion.
- 20% of samples for rockmineral determination collected.
- Sample processing for LSI was 20% completed.

Yuqida Tenement

- Past drill hole analysis for ore block 1 in Yuqida was fully completed.
- Sampling and processing for exploration drilling of ore block 2 was fully completed.

The A$5.3million feasibility study commenced on 1 March 2010. Ord maintains 49% interest in the JV with SARCO until the end of the feasibility study.

A$500,000 has been set aside for ORD’s contribution to the study in the future.

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