New high grade gold mineralisation has been intersected to the east of the proposed Q Pits in the northern section of Kingsgate’s Chatree North Mine in central Thailand as part of a drilling campaign to extend geological resources in the planned pit areas.
This Q East mineralisation, which has potential for underground mining, remains open along strike and at depth. The high grade zones appear to be associated with a geophysical resistivity anomaly that extends for approximately 1.5 kilometers North-South. Another previous deeper high grade intercept (11 meters at 3.5 g/t gold) 380 meters to the south appears to be correlated, indicating the potential for an extensive underground mineralised zone. At Chatree, the margins (edges) of geophysical resistivity anomalies have proved to be a successful targeting tool.
For more inforamtion see Kingsgate News Desk
DIVIDEND REINVESTMENT PLAN (“DRP”) SHARE PRICE
ASX Release
Kingsgate Consolidated Limited announces that the DRP share price, calculated in accordance with the Dividend Reinvestment Plan Rules relating to the final dividend of 15 cents per share payable on 16 March 2010, will be $8.96 per share.Full details – on Kingsgate Consolidated’s News Desk – http://www.kingsgate.com.au/news-desk/
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an Eck’s Highly Anticipated Market Vectors Junior Miners ETF (With Kingsgate Included) Is Set for Its Debut
Van Eck’s Market Vector Junior Miners ETF is set for trading to begin on Wednesday, November 11, 2009 under the ticker symbol (GDXJ). The arrival of this ETF couldn’t come at a better time as gold continues to reach new all time highs. Investors looking to get into the gold craze have found it to be worth investing in gold miners as the current Market Vectors Gold Miners ETF (GDX) has outperformed the SPDR Gold ETF (GLD) by a substantial amount. (See the chart)
The Market Vectors Junior Miners ETF will represent the “Junior Gold Miners Index (MVGDXJ)” and have a total net annual operating expense of .60%. The ETF will represent 38 junior mining and exploration companies that have mining potential.
For more information, see the Kingsgate News Desk – http://www.kingsgate.com.au/news-desk/