General Mining Corporation Limited
ASX:GMM ISIN:AU000000GMM0
General Mining Corporation Limited (ASX:GMM) is engaged in the exploration and assessment of projects, and mineral resources in Australia and Mongolia. In addition to the Company’s Australian mineral interests, subsidiary company Golden Cross LLC, holds 10 licenses in Mongolia covering over 3800 square kilometers. Its operations include Uvs Basin, Mongolia (Potash, GMM 100%); Shoemaker, Australia (Iron, GMM 50% earning up to 80%); Mt Kinahan, Australia (Manganese, Copper, GMM 100%), and IOCG & Carbonatite Targets, Australia (GMM 100%). The Company has entered into an agreement to acquire 50% of the WA Shoemaker project (prospective for iron) from Galaxy Resources Limited and a joint venture agreement for the exploration and development of that project.
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News
Asian Activities Report for September 27, 2011 includes: General Mining Corporation Limited (ASX:GMM) has signed an agreement to acquire a coal exploration licence in Mongolia; Aphrodite Gold Limited (ASX:AQQ) announced further robust gold intersections at its Aphrodite Gold Deposit; Agenix Limited (ASX:AGX) has filed a patent application for its hepatitis B drug AGX-1009; Manas Resources Limited (ASX:MSR) reported a 20% increase in its Shambesai Total Mineral Resource to 766,000 ounces of gold; Infotech Enterprises Limited (BOM:532175) announced its partnership with Software Engineering Institute.
Asian Activities Report for June 3, 2011 includes: Mithril Resources Limited (ASX:MTH) has extended the Basil Copper Prospect at its Huckitta Project to a total mineralised strike length of over 2.6 km; UXA Resources Limited (ASX:UXA) announced very encouraging high grade lead-zinc-silver assay results from the Dome 5 prospect in NSW; General Mining Corporation Limited (ASX:GMM) is to commence drilling at the Uvs Basin project in Mongolia between July and August; Definitive Feasibility Study on Sandfire Resources NL's (ASX:SFR) DeGrussa Copper-Gold Project in Western Australia has confirmed the project's robust nature.
Australian Market Report of March 15, 2011 includes: Kangaroo Resources Limited (ASX:KRL) is on track to complete the acquisition of the Pakar Thermal Coal Project in Indonesia by June 2011; General Mining Corporation Limited (ASX:GMM) raised A$1.2m to advance projects in Mongolia and Western Australia; Hot Rock Limited (ASX:HRL) successfully completed the first geophysical survey at its Longavi Geothermal Project in Chile; Rex Minerals Limited (ASX:RXM) reported multiple shallow high grade intersections at Hillside Copper Project in South Australia.
Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to release quarterly report for the period ended 30 June 2010.
Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to provide shareholders with the March 2010 Quarterly Report which outlines the progress made by the Company during the quarter. The Company is now fully funded and will hold a significant cash position to support the development of both the Mt Cattlin and Jiangsu projects.
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