Voyager Resources acquires gold property in Mongolia January 19, 2010
Posted by Fortbridge in Mining.Tags: acquisition, argalant, copper, gold, mongolia, voyager resources
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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.
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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