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CAPITAL MINING LIMITED - ASX: CMY
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Description
Capital Mining Limited (ACN 104 551 171) listed in March 2007 and is engaged in exploration for deposits of gold, base metals, platinum, nickel, uranium and other rare metals in south eastern Australia. The Company is Canberra based and has a number of project areas in highly prospective terrain in New South Wales and South Australia. Capital has a well documented track record of value adding through exploration success and has drilled up resources of gold, copper, zinc, silver, lead, zirconium, niobium, yttrium and thorium (a superior nuclear fuel) in several of its tenements.
The Company is concentrating its efforts on exploration of gold and gold-base metal prospects with considerable discovery potential in the Southern Divide Region of New South Wales and is also investigating a large porphyry-style mineral system in the Central West where the target is a gold-copper-molybdenum deposit analogous to the world class ore bodies at Cadia-Ridgeway, Northparkes and Cowal. Capital is also in the search for uranium in South Australia and gold,platinum and nickel in Far Northwest NSW.
Highlights for the 2009 June Quarter include: High-grade gold targets secured with exercise of Cowarra purchase option; Gold exploration focus maintained and Cowarra resource estimate commissioned; Sound basis for preparation of Mayfield gold-copper resource estimate established; New targets identified in Mayfield project area by cutting edge geophysical analysis; Targets ready for drilling at Porters Mount gold-copper project area; Development Applications being pursued at Chakola and Craigie; Capital raising successfully completed to fund planned work programmes.
Mine For
gold, copper, zinc, silver, lead, zirconium, niobium, yttrium, thorium
Location of operation(s)
New South Wales, South Australia
Address
Unit 7, 23 Colbee Ct
PHILLIP, ACT, AUSTRALIA
Phone
(61 4) 3232 7015
Website
http://www.capitalmining.com.au
Last Updated
27/04/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.