Australian Market Report of April 14: DataMotion Asia Pacific - To Commence Drilling On M12 Rare Earth Elements Target In April
14.04.2011 | ABN Newswire
12:01 AEST Apr 14, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Sydney, Australia (ABN Newswire) - DataMotion Asia Pacific Limited (ASX: DMN) has completed a 3D gravity survey on M12 target within the Mt Barrett rare earth elements project and is planning drilling on M12 in April 2011. M12 is a strongly magnetic anomaly approximately 2.5km in diameter, located north-east of Lynas Corporation's (ASX: LYC) Mt Weld project in Western Australia, one of the World's richest rare earth deposit.
MobileActive Limited (ASX: MBA), Australia's leading independent mobile phone content interactive services and technology company, said today that mobile phone applications, produced by its RingRing Studios division, have surpassed 1,000,000 downloads worldwide. The Company's distribution network through its RingRing Studios division currently covers 100 countries and is continuing to expand.
UXA Resources Limited (ASX: UXA) has intersected a 3-metre zone of visual Zn-Pb mineralisation in the first infill diamond drill hole at the Dome 5 zinc-lead-silver prospect in NSW, where early exploration had returned high grade mineralisation of up to 0.85m at 19.15% Zn, 4.9% Pb and 83ppm Ag. The remaining drill holes are expected to be completed over the next five to six weeks.
Avanco Resources Limited (ASX: AVB) reported that drilling at Serra Verde Copper Project in Brazil continued to show great promise. Continuous mineralisation has been encountered including 7.23m of copper sulphide and the mineralisation is thickening and open at depth. Highly encouraged by the early exploration success, the Company has mobilised a second rig to the project and already commenced drilling.
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