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Resources round-up: Kea, Arian, Thor Mining...

Mon, 12th Mar 2012 11:22

Kea Petroleum's drilling programme in the Taranaki basin of New Zealand has been delayed due to extreme weather conditions in the region. The programme to drill Mauku, which as previously advised requires challenging access and site preparations, is the worst affected area. The intention was to begin the drilling of Mauku with a shallow drilling rig, but Kea may now proceed to drill the entire hole with the bigger rig later. The company is now considering whether to drill the Douglas 1 well before Mauku as the site is already prepared. Puka 1 is now expected to start drilling later next week. Arian Silver has reported an increase in resource tonnage along the San José Vein in Mexico. Contained ounces of silver are up 32%, lead resources are up 29% and zinc resources are up 30% compared to the previous estimates made in July of last year. The firm said the results "are positive indicators" for expanded future mining plans at San José, which it believes has "much more resource upside to offer". The site has an indicated mineral resource of 8m tonnes and an inferred mineral resource of 24.5m tonnes. Thor Mining has reported a half-year loss of £0.47m compared to a loss of £0.57m for the same period the previous year, with the improvement almost entirely down to the absence of a £117,000 share based payment expense this time round. Cash at the end of the half year was £236m compared to £701m a yar earlier, despite the company raising £0.79m through a share placing during the reporting period. Since the period end the company has raised a further £0.57m through another share placing. The firm's definitive feasibility study of the Molyhil project saw an overall increase of 25% in the resource estimate to 4.7m tonnes, an increase in the tungsten recovery estimates and projected revenue increases of $7.0m per year over the life of the mine.Potash miner Sirius Minerals has intersected two separate high grade seams of polyhalite, a hydrated sulphate of potassium, calcium and magnesium. The second new bore hole in the York Potash project was cored with 100% recovery throughout almost its entire thickness, which the firm said indicates that the new bore holes are confirming the geological continuity throughout the project area.
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26 Sep 2018 13:09

Arian Silver Loss Widens On Expenses, Plans Alien Metals Name Change

LONDON (Alliance News) - Mining company Arian Silver Corp on Wednesday said its loss widened in the first half of the year on administrative expenses as the company continued development of its a

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20 Sep 2018 14:22

Arian Silver Secures Approval To Changes Name To Alien Metals

LONDON (Alliance News) - Arian Silver Corp said Thursday that its shareholders voted in favour of the company's name change to Alien Metals Ltd.At the company's annual general held

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10 May 2018 13:42

UPDATE: Arian Silver Shuffles Board, Raises GBP602,000 In Placing (ALLISS)

LONDON (Alliance News) - Arian Silver Corp said Thursday it has new raised funds through a private placing on Tuesday and also announced major changes to its board.Shares were trading 18% a

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10 May 2018 12:48

Arian Silver Shuffles Board As It Raises GBP602,000 In Placing (ALLISS)

LONDON (Alliance News) - Arian Silver Corp said Wednesday it has raised funds through a private placing on Tuesday while also announced major changes to its board.The exploration company of

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9 Jan 2017 08:12

Arian Silver upbeat after high-grade results at San Celso

(ShareCast News) - Arian Silver Corporation announced high-grade silver results from the recently completed surface sampling and geological mapping of its wholly-owned San Celso project located in central Zacatecas State, Mexico on Monday. The AIM-traded firm said the results demonstrate that San Ce

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20 Dec 2016 10:31

WINNERS & LOSERS SUMMARY: Lloyds Shares Rise After MBNA Deal

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20 Dec 2016 09:06

Arian Silver discovers two major veins at Los Campos

(ShareCast News) - Arian Silver Corporation reported evidence of the presence of two major vein systems on its wholly-owned Los Campos project on Tuesday. The AIM-traded company said the discovery followed the completion of the work programme to advance targeted exploration, which was initially anno

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24 Aug 2016 12:53

Arian Silver extends exclusive gold, silver project evaluation period

(ShareCast News) - Arian Silver said the exclusivity period for it to evaluate a gold and silver tailings project held by Tierra Nuevo Mining Ltd has been extended by 60 days to 28 October. There was no cost incurred in securing the extension, which followed a 120-day period. As reported previously

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29 Jun 2016 11:13

Arian Silver Loss Widens In 2015, Seeks Near-Term Revenue Projects

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13 May 2016 09:38

WINNERS & LOSERS SUMMARY: Inmarsat Bruised By Eutelsat Read-Across

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13 May 2016 07:29

Arian Silver Starts Metallurgical Test Work At Noche Buena

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4 May 2016 09:36

WINNERS & LOSERS SUMMARY: Deal For London Bus App Lifts Proxama 20%

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4 May 2016 09:01

Arian Silver Pays For Exclusivity On Mexican Tailings Evaluation

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28 Apr 2016 17:13

Arian Silver raises £700K through share placement

(ShareCast News) - Arian Silver Corp.'s shares fell on Thursday after the company announced a £700,000 fundraiser to boost its balance sheet and fund projects. The company placed 70 million new common shares at 1p each, with the proceeds to be used for advancing the exploration of its mining concess

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28 Apr 2016 08:10

Arian Silver Raises GBP700,000 To Advance Mexico Exploration (ALLISS)

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