CIG now EQE. 5.6 Cents per share with $14million capital.
Had trouble researching so will have to wait and see what unfolds. Not counting my chickens
GL notthemama
To be renamed “Equus Mining Limited” Caspian Oil & Gas Limited ABN 44 065 212 679 Level 2, 66 Hunter Street, Sydney NSW 2000 Phone: +61 2 9300 3366 fax: +61 2 9221 6333 email: [email protected] web: www.caspianogl.com 2 Background Caspian acquired an interest in the Naltagua Copper District (Naltagua) in Chile by purchasing un-listed public Australian company Equus Resources Limited. Shareholders approved the acquisition at a General Meeting held on the 31 August 2012. Naltagua is located 80 kilometres southwest of Santiago and 75 kilometres southeast of the port city of San Antonio and is well serviced by major infrastructure. Caspian is initially targeting the Yerba and Araya project areas at Naltagua; both of which show geological similarities to the large, Anglo American-owned El Soldado Cu-Ag deposit (200 Million tonnes @1.35% Cu) – a manto-type deposit located 135 kilometres north of Naltagua (Figure 3). Caspian holds an option to acquire 100% of a contiguous group of 14 mining licences covering an area of 18.05 square kilometres and 75% of the known extent of the Naltagua Copper System. Under the terms of the option agreement, Equus has the right (but not the obligation) to acquire the mining licences on an outright basis by making a payment of US$100,000 in September 2013 and a final payment of US$4.3 million in September 2014 to the licence holder. For further information please contact:- Ted Leschke, Managing Director Ph: +61 2 9300 3366 Email: [email protected] or [email protected] Information in this report that relates to Exploration Results for Naltagua is based on information compiled by Mr Robert Perring, who is a Member of the Australian Institute of Geoscientists. Mr Perring is a consultant to Caspian and a non-executive director of Caspian’s subsidiary, Equus Resources Limited and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activities reported on to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Perring consents to the inclusion of the information in this report of the matters based on information in the format and context in which it appears. Sampling and assaying: Sampling has been conducted by qualified geologists using a sample interval of 2m and 5m. Assay results have been composited (weighted arithmetic mean) to give an average grade estimate for the interval sampled. The samples were assayed for copper (and 33 other elements) by aqua regia digest ICP-ES/ICPMS at Acme Analytical Laboratories, Santiago, Chile. pjn6987
CIG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held