Greka Drilling Limited, the largest independent and specialized unconventional oil and gas driller in China, is pleased to announce that the first well of the drilling campaign for Essar Oil Ltd., on the Raniganj East Block in West Bengal, has been spud. The well was spud by the GD75-17 rig, which is currently drilling at a depth of 435m. The drilling campaign on this USD 65m contract is expected to last approximately 12 months.
St George Mining Limited is pleased to announce that Phase 2 of the 2014 drilling program is underway at its 100% owned East Laverton Property. The Phase 2 drilling will test for massive nickel sulphides on the highly prospective Stella Range belt, where nickel sulphides have already been identified by drilling completed by both St George and BHP Billiton Nickel West. The presence of magmatic nickel sulphides along a significant strike extent of the Stella Range belt confirms the fertility of this belt that extends to over 60km, and supports the strong potential for it to host large scale nickel sulphide mineralisation.
The Directors of Jacka Resources Limited are pleased to announce that its wholly owned subsidiary (PR Oil & Gas Nigeria Limited), together with its Joint Venture partners, have taken a final investment decision to develop the Aje Cenomanian oil reservoir in the OML 113 licence (Jacka 5.0006% revenue interest), offshore Nigeria. The Aje Field Development Plan was submitted to the Nigerian Department of Petroleum Resources earlier this year and approval to develop Aje, as proposed in the Field Development Plan, was granted in March 2014.
Latin Resources Limited announces the first assay results from drilling at the Ilo Este copper porphyry project. Drill hole IE-JDD-001 was concluded at 746.2 m and assay results for the first 560 m of core have been received.
Rox Resources Limited is pleased to announce that Reverse Circulation (RC) and diamond (DD) drilling has recommenced at its Fisher East nickel sulphide project, 500km north of Kalgoorlie in Western Australia. The RC (29 holes for 5,500m) and diamond (12 holes for 5,000m) drilling programs are designed to follow-up previously drilled nickel sulphide mineralisation at Cannonball, and increase the known mineral resources at Musket and Camelwood. In addition, following the ground EM survey, drilling could be undertaken at the new Cutlass prospect.
Segue Resources Limited is pleased to announce the assay results from the recent 48 hole (2,162 metre) aircore drilling program completed over seven (7) targets at the Plumridge Nickel Project. The objective of the drilling was to collect geological and lithogeochemical data to provide an initial test of the target zones that had been identified in airborne magnetic and Ground Moving Loop EM (MLEM) data. Over 700 samples were sent to ALS Minerals in Perth for multi-element geochemical assaying.The assay results included a maximum assay of 3,130ppm nickel (0.31% Ni), with associated elevated chromium, in PAC006 within a broader intersection of 16 metres at 0.16% Ni from 20 metres (including 6 metres at 0.28% Ni from 22 metres). The lithogeochemistry in PAC006 is indicative of a mafic-ultramafic rock and demonstrates the success of the program in identifying the target mafic-ultramafic rocks that will now require follow up assessment.
Australian resources company, Cauldron Energy Limited is pleased to advise the Company is to begin a 10,000m drilling program at its wholly-owned Bennet Well uranium deposit in Western Australia. The A$1.5 million mud-rotary drill program has been cleared to proceed and is expected to start on October 14, 2014. This work will test the potential for uranium mineralisation and extension to the resource that may be minable by in-situ leach methods.