Labyrinth Resources Limited's (ASX:LRL) strategy is to grow and consolidate underexplored high grade gold assets across the Menzies, Leonora and Leinster corridor that are close to infrastructure.
Labyrinth Resources Limited
ASX:LRL ISIN:AU0000185597
News
Australian Market Report of October 5, 2010 includes: Leyshon Resources Limited (ASX:LRL) is targeting coking coal exploration assests in South Western Mongolia; Brumby Resources Limited (ASX:BMY) reported high grade manganese rock samples up to 52% Mn; MetroCoal Limited (ASX:MTE) joint venture with China Coal is underway; Cortona Resources Limited (ASX:CRC) discovered new shallow gold mineralised structures in NSW.
Wall Street closed mixed on Monday ahead of the Federal Reserve's monetary policy meeting. The Federal Reserve is widely expected to leave the near-zero interest rate unchanged, but may begin scaling back some economic stimulus. Traders moved into technology and health care shares amid concerns the energy, materials and financials were overbought.
Leyshon Resources Limited ("Leyshon") (AIM & ASX: LRL) is pleased to announce that it has placed orders for the manufacture and delivery of crushers at a total cost of US$1.68 million for its Zheng Guang gold zinc project in Heilongjiang, northeast China.
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