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  • Southern Hemisphere Mining Substantial Shareholder Ups The Ante  0 comments
    Jan 17, 2013 7:56 PM

    Southern Hemisphere Mining (ASX: SUH) substantial shareholder Genesis Asset Managers has taken a greater stake in the company.

    Genesis acquired a further 4.04 million shares which increased its shareholding to 8.3%, up from 6.75%.

    Southern Hemisphere has resumed drilling at its flagship Llahuin Copper-Gold Project in central Chile with the start of an accelerated drilling campaign under the new joint venture with Canadian base metals miner Lundin Mining Corporation (TSX: LUN).

    Three drill rigs, one reverse circulation and two diamond drill rigs, are currently operating at both the Central Porphyry and the nearby Ferrocarril zone at the Llahuin Project.

    The current program is targeting additions to the already defined Measured and Indicated Resource of 145 million tonnes at 0.4% copper equivalent.

    Lundin Mining brings top skills to the Llahuin Project, with experience and operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel.

    A Joint Venture Technical Committee between Southern Hemisphere and Lundin Mining has been established, with the initial joint venture budget providing for this approved accelerated drilling campaign.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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