Thursday, March 18, 2010

Two Australian miners strike Cambodian gold

Australian-listed OZ Minerals has reported that early work at its Mondulkiri province gold project in Cambodia has identified inferred mineral resources of 8.1 Mt of ore at grades of 2.3 g/t for 605,000 oz of gold at its interests in Okvau District. The company has drilled a total of 10,559 m at its 100% interest since 2006. It described the resource as a “foundation asset from which to build a resource base”

Earlier this month, another Australian-listed miner, Southern Gold, announced “significant” gold and silver mineralisation results from its first drill of the 2009-2010 season at its Anchor prospect in Snoul District, Kratie province.

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