Asian Activities Report for October 4, 2011: Sheffield Resources (ASX:SFX) Discover High Grade Talc Resources in Western Australia

Sydney, Oct 4, 2011 AEST (ABN Newswire) - Bulk minerals explorer Sheffield Resources Limited (ASX:SFX) today announced high grade talc results from drilling at its Moora Talc Belt project in Western Australia. Further testwork including brightness measurements is in progress, with results expected in November. Follow-up drilling of priority targets is scheduled for the first half of 2012.

Lochard Energy Group Plc (ASX:LHD) said today that remapping work at the Thunderball prospect on UK North Sea block 14/26b has identified more recoverable resources. The size of the Thunderball gas prospect and the oil exploration potential in the block have been significantly increased. Drilling is expected to commence during 2012 and the Company is actively seeking a farm-in partner to offset drilling costs.

Phoenix Gold Limited (ASX:PXG) announced the results of its latest drill programme completed at the Broads Dam Gold Project in Western Australia. Drilling intersects significant high-grade mineralisation at Broads Dam and demonstrates a continuous strike length of over 2.5 kilometres. Further extensional drilling is planned for November.

Dual bulk commodity developer, NSL Consolidated Ltd (ASX:NSL) said today that construction phase has commenced on its US$2.3 million iron ore beneficiation project in India under the schedule to initiate first stage commissioning by the end of 2011 and deliver maiden revenues in 1H 2012. NSL is so far the only foreign company granted the right to own and operate iron ore mines in India.

GAIL (India) Ltd (BOM:532155) has recently acquired its first shale gas assets in the USA. The Company will invest around US$300 million over a period of 5 years to acquire a 20% interest in Eagle Ford Shale acreage from Carrizo Oil & Gas Inc. (NASDAQ:CRZO).

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