News from 708

add 708 news here.

708 Capital is acting as lead broker to new IPO, Magnolia Resources

Download a copy of the report featured in small-cap heavyweight David Haselhurst’s, The Speculator. HERE

Silver company BMZ announced today it has engaged mine contractor, Groundhog LLC to begin mobilisation early next month. The company will begin rehabilitating the existing Lazcay tunnel before driving a new decline some 335m below the historic workings. From this decline, toher sublevels can be driven to confirm and mine additional ore shoots.

The rehabilitation and development is anticipated to take around 2 months with first ore to be mined by June. In addition to this, BMZ will commence a 10 hole/2,500 metre drill program to target an additional Induced Polarisation (IP) anomoly defined in a geophysical survey conducted by BMZ in 2011.

BMZ is an ASX listed pure silver player with 3 projects in Western USA. Please see the company website for more details: www.blackmountainresources.com.au

 

Please note: Links on this page are provided for your convenience only. We cannot guarantee the accuracy of the information contained on these websites.

AKK’s first Eagle Ford well, Krueger #1 has exceeded pre drill expectations, flowing at 95 BOEPD on a 24 hour test. This vertical only test will increase production significantly with further fracture stimulation. AKK is expecting to drill 2 new vertical wells on it’s Eagle Ford acreage over the coming months with the best of the 3 wells chosen for a multi-stage horizontal frac.

Ex-Nexus Energy Managing Director and founder of Queensland Gas, Richard Cottee will join Austin Exploration in tandem with a large capital raising to aggressively push forward with the companies US shale gas exploration plans. The company plans to raise $15-$20m to fund the drilling of its Texan shale gas assets. See the companies website for more details: http://www.austinexploration.com/

708capital is participating in the current $15-$20m capital raising. See: Current opportunities

 

 Please note: Links on this page are provided for your convenience only. We cannot guarantee the accuracy of the information contained on these websites.

The company has announced the execution of a binding agreement to acquire all of OZL’s Cambodian gold assets. The project package includes a 730k oz in situ resource¬† at the Okvau deposit where mineralisation remains open at depth and along strike. OZL has spent $35m on the suite of projects to date but has elected for focus on its Australian projects. The project has been funded by way of a staged series of cash and scrip considerations totalling 26.4m RNS shares and cash of $35.3m subject to the meeting of a number of milestones (please see http://www.renaissanceminerals.com.au for more information)

708capital is participating in the current $12m capital raising. See: Current opportunities

 

Please note: Links on this page are provided for your convenience only. We cannot guarantee the accuracy of the information contained on these websites.