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Voyager Resources acquires gold property in Mongolia January 19, 2010

Posted by Fortbridge in Mining.
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Voyager Resources (ASX: VOR) is to acquire 100% of the Argalant Gold-Copper Project in Mongolia for US$50,000 and 2 million VOR shares.

  • Argalant is located within a similar geological setting to the nearby Golden Hills Gold-Copper Project that hosts a combined resource of 1.1 million ounces of gold, 7.4 million ounces of silver and 323,000 tonnes of copper.
  • A three hole exploration drilling programme conducted in late 2005 returned encouraging results including;
    • 49.3m at 0.50% copper from 23.7m (ARDH2005-03)
    • 1.1m at 1.3g/t gold and 3.27% copper (ARDH2005-01)
    • 3.0m at 0.70g/t gold & 0.84% copper (ARDH2005-01)
  • Historic rock chip sampling has returned up to 191g/t gold and 10.3% copper.
  • Large licence package of approximately 2,500 km2 applied for in surrounding area that has reported gold, copper and silver mineralisation in reconnaissance exploration.

Click here to view the full announcement.

For further information, please contact:

Kell Nielsen
Chief Executive Officer
Tel: +61 8 9200 6264
E-mail: info@voyagerresources.net

Media:
Luke Dean
Fortbridge
Tel: +61 2 9331 0655
Mobile: +61 414 535 433
Email: luke.dean@fortbridge.com

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