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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (29489)	11/25/2008 11:00:34 AM
From: LoneClone	Respond to of 193988

Apex up on drill results at Gidgee thewest.com.au Shares in Apex Minerals are up 11 per cent on the back of an initial mineral resource estimate at the company’s Gidgee project, northwest of Leinster. Drilling at the project has defined high grade gold mineralisation close to an existing underground mine, with the company to investigate the viability of mining these zones in conjunction with the nearby Wilsons deposit. The initial mineral resource comprises 131,000 tonnes at 9.3 grams per tonne for 39,000 ounces of gold at the project, including an indicated resource of 68,000 tonnes at 10.8 grams per tonne for 24,000 ounces of gold in the premium lode. Further planning is planned during 2009, prior to the firm’s mid-2009 development of the Wilsons project. The news comes a few days after Apex commenced commissioning of the plant and increased gold ore reserves at its cornerstone Wiluna mine, extending the projected life of the mine to four years. Apex, which held its annual general meeting today, closed up 2.5 cents, or 11.11 per cent, at 25 cents.