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 Completes Acquisition of 50% of KM Project
August 18, Voyager Resources Limited (ASX:VOR) --
The Company is pleased to announce that it has acquired a 50% interest in the KM Copper Porphyry Project in the South Gobi Region of southern Mongolia.
Voyager has accelerated the acquisition given the recently released exceptional drill results from the Cughur discovery. Under the agreement, Voyager has the right to take its total ownership of the project to 80%.
Recent drill results confirmed a major new high grade copper discovery at the Cughur Prospect within the KM Copper Porphyry Project.
Ø Drilling at the Cughur discovery has returned exceptional results, with the first three (80m deep) Reverse Circulation (RC) drill holes ending in high grade copper mineralisation. Results include:
§ 66 metres at 1.48% copper and 5.4 g/t silver from 14 metres to end of hole (KM0011RC)
§ 50 metres at 3.51% copper and 10.8 g/t silver from 30 metres to end of hole (KM0012RCD)
§ 10 metres at 4.06% copper and 16.2 g/t silver from 70 metres to end of hole (KM0013RCD)
Ø Two RC holes have been extended by diamond core drilling with copper mineralisation of varying intensity being mineralogically logged as follows:
§ KM0012RCD, strong chalcocite to 86.5 metres with weaker chalcocite and moderate chalcopyrite to 156 metres depth
§ KM0013RCD, strong chalcocite to 84.0 metres with weaker chalcocite and moderate chalcopyrite to 118 metres depth
Ø The Cughar discovery remains open at depth and along strike.
Ø Further geological mapping of the KM Project has extended the alteration zone that encapsulates Cughur to an area covering 4.6km x 1.6km.
Ø Three drilling rigs are now operating on the KM Copper Porphyry Project, with a fourth rig expected to mobilise to site in early September
Ø Further analytical results from the Cughur discovery are imminent with results expected by early next week
Ø Voyager is fully funded with $9.67 million in cash reported at the end of the June quarter.
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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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