Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • Fraser Range Metals Group Gains Substantial Shareholder  0 comments
    Mar 5, 2013 11:28 PM

    Fraser Range Metals Group (ASX: FRN), formerly AAQ Holdings, has added N&J Mitchell Holdings to its register as a substantial shareholder with a 5.02% stake in the company.

    N&J Mitchell Holdings now holds 727,275 shares in Fraser Range Metals.

    Last week Fraser Range Metals announced it had completed a VTEMmax airborne survey over a large part of the Plumridge Project in Western Australia that has identified 28 targets.

    High priority targets will be followed up with ground electromagnetic surveys.

    The 1,170 line kilometre survey was commissioned to explore interpreted mafic/ultramafic rocks that form the Fraser Zone for anomalous EM responses that may be caused by accumulations of massive sulphides similar toSirius Resources' (ASX: SIR) Nova prospect.

    It also targeted graphite in metasediments of the Biranup Zone.

    The initial interpretation has highlighted many target responses associated with the highly prospective Fraser Zone, as well as within the Salt Creek intrusives to the northwest.

    A number of these are associated with higher magnetic responses interpreted to be due to mafic/ultramafic lithologies analogous to those hosting the Nova prospect to the southwest along the Fraser Zone.

    The Plumridge Project is located about 280 kilometres east-northeast of Kalgoorlie and is located within the Proterozoic Albany-Fraser Orogen on the eastern edge of the Yilgarn Craton.

    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.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.