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Pin to quick picksEurasia Mining Share News (EUA)

Share Price Information for Eurasia Mining (EUA)

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Share Price: 1.45
Bid: 1.40
Ask: 1.50
Change: -0.025 (-1.69%)
Spread: 0.10 (7.143%)
Open: 1.475
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Low: 1.45
Prev. Close: 1.475
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Eurasia Mining applies for new exploration license area at Tipil

Mon, 17th Jun 2019 11:08

(Sharecast News) - Palladium, platinum, iridium, rhodium and gold production company Eurasia Mining reported on Monday that an application for a new exploration license area, Tipil, adjacent the current West Kytlim mining license, had been lodged for approval.The AIM-traded firm said that the new 24.5 square kilometre Tipil license contained around 17 kilometres of river course and sedimentary units proven to host platinum group metal deposits at the West Kytlim project.Geological data and historical mining information had been analysed by its geologists, and compiled to a report justifying the application as a new exploration license tenement.The directors said they were "confident" of finding further platinum group metal mineralisation in the area.Eurasia said the Tipil license area had now been applied for as a new exploration permit, and could be approved for exploration, and later converted to a production license uncontested.The total exploration area applied for and approved at the West Kytlim project now stood at 95 square kilometres, including the 71 square kilometre Flanks Area, which was approved for exploration in December last year.Exploration areas were adjacent and surrounding the current 21 square kilometre mining permit, bringing the total area licensed and under application to 116 square kilometres."In line with our strategy to expand the production volumes at West Kytlim, even as the 2019 mining season is ongoing, we are again utilising one of our company's other core competencies - our in-house expert knowledge of geology and the Russian licensing system - to further increase our presence in the West Kytlim area and aim to grow the mine to be the largest alluvial operation globally this year," said Eurasia Mining chairman Christian Schaffalitzky."We are now established as a dominant player in the platinum group metals space in the region, and look to developing an operation providing a low cost platinum group metals solution that is sustainable over potentially several decades."
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8 Sep 2011 15:09

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14 Mar 2011 18:23

Eurasia Mining spin-off seeks $2.2m

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Eurasia acquiries uranium project stake

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30 Jun 2010 13:39

Eurasia Mining Raises GBP130,000 By Placing 13 Million Shares

LONDON (Dow Jones)--Eurasia Mining PLC (EUA.LN), an international mineral exploration company, said Wednesday it has raised GBP130,000 by way of a placing of 13 million new ordinary shares at 1 pence per share with an additional warrant for every one placing share subscribed for, through WH Ireland

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16 Jun 2010 13:21

Eurasia Mining Awaiting West Kytlim License, Sees Modest Capex

LONDON (Dow Jones)--Eurasia Mining PLC (EUA.LN), said Wednesday it is awaiting the granting of a production license for the West Kytlim license area and it anticipates that capital commitment needed will be modest, although some capital investment will be required for the Dragline Excavator and a po

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