Think Environmental: Could see some interests, after annoucing it is Investing US$16m for 51% stake in firm that owns gold exploration and mining licences in Mongolia. Called the Tsagaan Jalga Project, 11,400 oz of gold resources from area had previously been classified as commercial. Some 60,000 oz has also been potential reserves. ThinkEnv will start trial mining as a lead up to full production in July …
ThinkEnv add that resources found so far are located in areas that account for 1% of the total concession area. Small-scale gold production is currently taking place at the Tsagaan Jalga Project, it added. Latest acquisition means that to date, grp has secured 16 exploring and mining concessions. Technically see resistance at $0.835 followed by $0.855.
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