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Tuesday, 14th June 2005 (4405 views)

Oxiana, the Australian mining and exploration company, has announced plans to commence drilling in two gold belts in Thailand.<br/><br/>The company is waiting for approvals from the Thai Department of Mineral Resources (DMR) before beginning to drill for gold at Phichit and Phetchabun in conjunction with Thai Goldfields.<br/><br/>Preliminary exploration results from two fields, Wang Yai and LD, at Phichit are encouraging, according to Owen Hegarty, the managing director of Oxiana.<br/><br/>"We haven't spent huge money on exploration yet. However, we have found highly encouraging results at LD,' Mr Hegarty told the Bangkok Post.<br/><br/>Findings from the field study and computerised technology include gold grades of 13.4 grammes per tonne (g/t) at a depth of 14 metres, 5.4 g/t at 12 metres and 5.32 g/t at seven metres.<br/><br/>Mr Hegarty said that, subject to receiving the statutory approvals, Oxiana would undertake a year-long programme of drilling, with mine construction requiring another two years, should it prove feasible.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8742971"/>

 

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