Voyager acquires Gold property in Mongolia

TORONTO (Commodity Online): Voyager Resources (ASX: VOR) has said it is all set to acquire 100% of the Argalant Gold-Copper Project in Mongolia for US$50,000 and 2 million VOR shares.

Argalant is located within a similar geological setting to the nearby Golden Hills Gold-Copper Project that hosts a combined resource of 1.1 million ounces of gold, 7.4 million ounces of silver and 323,000 tonnes of copper.


In a release, Voyaget said a three hole exploration drilling programme conducted in late 2005 returned encouraging results including; 49.3m at 0.50% copper from 23.7m (ARDH2005-03), 1.1m at 1.3g/t gold and 3.27% copper (ARDH2005-01), 3.0m at 0.70g/t gold & 0.84% copper (ARDH2005-01).

Further historic rock chip sampling has returned up to 191g/t gold and 10.3% copper and large licence package of approximately 2,500 km2 applied for in surrounding area that has reported gold, copper and silver mineralisation in reconnaissance exploration.

Source:www.commodityonline.com
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