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Market: AIM
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Web Site: Fox-Davies Capital
Other Articles: 05-01-200919-12-200818-12-2008

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Fox-Davies Capital

Fox-Davies Capital specialises in international resource companies and has a substantial background in emerging markets. FDC is dedicated to providing in depth sector, commodity, regional and company specific reports, driven by the aim of being specialist providers of high quality analysis on natural resource companies worldwide. Find out more at www.fdcap.com
Tuesday, November 18, 2008

Fox-Davies Capital Tuesday Energy and Mining News Wrap

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Frontera Resources  (FRR) announced its quarterly results for the period ended 30th September 2008 providing an update on their Block 12 Georgian operations. Results for the quarter reflect a net loss of $10.4m in line with spend given its early exploration phase of its asset portfolio. The company also reports favourable ruling received in arbitration with GAC Energy Company and GAC International Holdings Ltd. The company is continuing its development drilling program at the Mtsare Khevi Field, with 10 wells completed to date and an 11th currently underway associated with a rolling 20-well drilling campaign.
 

Kirkland Lake Gold  (KGI)  announced that recently completed drilling within the South Mine Complex on the jointly held (50%-50%) South Claims Joint Venture located south of KL Gold's Macassa Mine in Kirkland Lake, Ontario.  Intersections include 1.04 ounces of gold per ton ("opt") over a core length of 21.6 feet (10.5 feet true width) and 1.82 opt uncut (1.10 opt cut) over a core length of 9.3 feet (4.7 feet true width).
 
Landore Resources  (LND) announced that Landore has been granted three Mining leases, which include mining and surface rights, over an area encompassing the VW Nickel Deposit and the B4-7 Nickel-copper-cobalt Deposit. The leases cover 23 existing exploration claims for a total area of 3,676 hectares and have been granted for 21 years  renewable for  further terms  of  21 years.
 

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