Resource Wrap: 03 November 2009 – EPS, MZM
November 2, 2009
Epsilon Energy Limited (EPS) said it has completed its due diligence in relation to the acquisition of Takatu Minerals Limited and would now move to finalising formal agreements with the vendors and ratifying of the transaction by Epsilon’s shareholders. The company said it would call an extraordinary meeting of its shareholders to approve the acquisition and issues of securities. Epsilon said the transaction would see it acquire highly prospective uranium exploration acreage as well as several advanced stage gold targets and a strategic crustal scale exploration position in one of the world’s least explored major gold belts.
Montezuma Mining Company Limited (MZM) are pleased to advise that recent drilling in the Naracoota Volcanics at the Durack Project has intersected a new zone of gold mineralisation south of the existing resource. The company said the new zone has the potential to add significantly to the size of the overall resource once further drilling can be completed.
Montezuma Mining Company Limited (MZM) are pleased to advise that recent drilling in the Naracoota Volcanics at the Durack Project has intersected a new zone of gold mineralisation south of the existing resource. The company said the new zone has the potential to add significantly to the size of the overall resource once further drilling can be completed.
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