CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
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Voyager: Second Major Porphyry Copper Project Acquisition in Southern Mongolia
May 9, Voyager Resources Limited (ASX:VOR) --
Highlights
Ø Voyager Resources has entered into an agreement to acquire up to 80% of the Khul Morit Copper Project in the Gobi Region of Mongolia.
Ø The project comprises five exploration licences for approximately 50 square kilometres of highly prospective ground.
Ø Limited drilling conducted to date has returned highly encouraging shallow high grade copper mineralisation, including:
• 27 metres at 2.09% copper from 28.8 metres (KH04), including:
§ 12.5 metres at 3.63 % copper from 43.3 metres
Ø Previously completed drilling has been ineffective in testing recently acquired Induced Polarisation (IP) and ground magnetic geophysical targets.
Ø Two high order gradient array IP anomalies have been identified; the anomalies extend for over 800 metres and 2,500 metres respectively. These IP anomalies are broadly consistent with identified copper mineralisation identified at surface.
Ø Mineralised intersected in KH04 is located on the periphery of the smaller 800 metre long IP anomaly and remains open along strike and down dip.
Ø Geophysical surveys, including more expansive IP, ground magnetics and gravity are now planned to commence at Khul Morit within two weeks, with drilling to follow shortly after.
Ø Voyager plans to complete at least 10,000 metres of Reverse Circulation and diamond core drilling in 2011 at Khul Morit
Ø This is an exceptional project located within an underexplored "World Class" Porphyry Belt that hosts the Giant Oyu Tolgoi Porphyry Deposit.
…
Key Acquisition Terms
Voyager Resources has completed an agreement with a Mongolian based company to acquire an interest in five exploration licences covering approximately 50 square kilometres that make up the Khul Morit Project by:
· Completing 10,000 metres of drilling in 2011.
· After the completion of 10,000 metres of drilling, Voyager will issue 25M VOR shares to acquire 50% of the project.
· Voyager at any time after completing 10,000 metres of drilling may issue a further 100M shares to acquire a further 30% of the project, taking the Company's total interest to 80%.
…
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"Mogi" Munkhdul Badral
Executive Director
CPS International LLC
Telephone/Fax: +976-11-321326
Mobile: +976-99996779
Email: mogi@cpsinternational.mn
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CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
Disclosure/Disclaimer
CPS Securities, its directors and employees advise that they may hold securities, may have an interest in and/or earn brokerage and other benefits or advantages, either directly or indirectly from client transactions mentioned in correspondence from CPS International.
CPS International advise this email contains general information only and does not include advice. In preparing this communication, CPS International did not take into account the investment objectives, financial situation and particular needs of any person. As with any speculative mining company there are significant risks.
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