Tenement Developments
05 May 2010 - 6:34PM
UK Regulatory
TIDMAR. TIDMMML
RNS Number : 3573L
Archipelago Resources PLC
05 May 2010
ANNOUNCEMENT
ARCHIPELAGO RESOURCES PLC
DISCOVERY OF COPPER GOLD PORPHYRY MINERALISATION
by
MEDUSA MINING
on a
TENEMENT in which ARCHIPELAGO
has an
ENTITLEMENT TO INTEREST
The Company has been advised by Medusa Mining of a discovery of copper gold
mineralisation in a tenement owned by Corplex Resources Incorporated, a
Philippine company in which Archipelago has the right to acquire not less than
an 80% interest. Details of the discovery and interest entitlements are
described in the announcement by Medusa. (www.medusamining.com.au/index1.html )
Archipelago is a mining company listed on the AIM market of the London Stock
Exchange. The Company's principal activities are gold mining and exploration in
Indonesia (as 85% owner of the Toka Tindung Gold Project in Sulawesi), Vietnam
(as majority party in the Pac Lang and Cam Thuy/Ba Thuoc joint ventures with
VINACOMIN a Vietnamese Government mining company) and the Philippines (via
entitlement to not less than an 80% interest in exploration company Corplex).
Further Info: Colin Loosemore, Managing Director, Archipelago Resources
Plc.
Tel: 00-618-9364-8301
Shaun Whyte / Richard Swindells, Ambrian
Partners Ltd
Tel: 020-7634-4700
Ron Marshman / John Greenhalgh, City of London
PR Ltd
Tel: 020-7011-9411
Gerry Beaney / Fiona Kindness, Grant Thornton
Corporate Finance
Tel: 020 7383 5100
www.archipelagoresources.com.au
This information is provided by RNS
The company news service from the London Stock Exchange
END
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