Mercator Gold plc ("Mercator" or "the Company") is a diversified mining investment company with quality assets and the capability to undertake significant, value accretive transactions.
Mercator is dedicated to creating value for its shareholders through a process of finding value, adding value and realising value. In order to achieve this, Mercator is able to access a pipeline of projects sourced from its global network and utilises the expertise of its directors and advisers.
Mercator is incorporated in England and Wales, and listed on the London Stock Exchange's Alternative Investment Market (AIM) with the symbol MCR. Mercator’s American Depositary Receipts (ADRs) are traded in the USA on an over the counter basis with the symbol MTDGY.
LATEST NEWS
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Tuesday, 31 August 2010 09:54 |
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The Board of Mercator Gold plc (AIM: MCR.L, US OTC: MTGDY), the diversified mineral development company, received notification on 26 August 2010 that, on the same date, Mr Michael Silver, Executive Chairman purchased 1,000,000 ordinary shares of 0.1p each (“Ordinary Shares”) at 0.67p per Ordinary Share.
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Read more: Director Shareholding
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Silver Swan Resumes Drilling at Austin Prospect |
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Wednesday, 28 July 2010 16:17 |
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Mercator Gold plc is pleased to draw attention to the announcement made today by Silver Swan Group Limited (ASX: SWN) (“Silver Swan”) regarding the resumption of drilling at Silver Swan’s Austin prospect in Western Australia. Austin is a volcanogenic massive sulphide (VMS) copper-zinc-silver-gold deposit located within the package of exploration tenements sold to Silver Swan by Mercator in 2008.
Highlights:
- Diamond drilling to extend Cu-Zn-Ag-Au mineralisation from ~300m to 600m
- Established area of mineralisation open at depths significantly below current JORC resource
- Resumption of drilling follows completion of down-hole EM (electromagnetic) survey
- All EM conductors drilled to date have revealed copper mineralisation - current drilling program to test deep copper sulphide zones
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Read more: Silver Swan Resumes Drilling at Austin Prospect
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THEMAC Resources Group Releases Copper Flat PEA Results |
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Friday, 09 July 2010 14:22 |
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Mercator Gold plc is pleased to announce that THEMAC Resources Group Limited (“THEMAC”) has released the results of the preliminary economic assessment (“PEA”) commissioned from SRK Consulting (US), Inc. for the Copper Flat copper-molybdenum-gold-silver project (“Copper Flat”) in New Mexico, USA.
As previously announced, THEMAC has agreed to acquire Mercator’s exclusive option over a 100% interest in Copper Flat (“the Sale”). THEMAC is listed on the TSX Venture Exchange under the symbol MAC.H.
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Read more: THEMAC Resources Group Releases Copper Flat PEA Results
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Update on THEMAC Resources Group |
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Friday, 09 July 2010 12:03 |
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Mercator Gold plc is pleased to announce an update on the Sale (“the Sale”) of its exclusive option to acquire a 100% interest in the Copper Flat copper-molybdenumgold- silver project (“Copper Flat”) to THEMAC Resources Group Limited (“THEMAC”).
HIGHLIGHTS
- THEMAC shares are to recommence trading on the TSX Venture Exchange (ticker MAC.H) today
- THEMAC requested the suspension of its shares on 15 March 2010 in connection with the announcement of the heads of agreement with Mercator regarding the Sale
- Closing of the Sale is conditional, inter alia, on the completion by THEMAC of a minimum C$5 million equity financing (“the Financing”); regulatory and shareholder approval (Marley Holdings Pty Limited, holder of approximately 70% of THEMAC’s outstanding shares, has approved the Sale); and completion of a preliminary economic assessment (“PEA”) compliant with Canadian National Instrument 43-101
- THEMAC will seek to raise up to a maximum of C$20 million in the Financing, and will place securities at no less than C$0.50 per security in accordance with the terms of the definitive agreement for the Sale
- The Financing is intended to provide funds for the exercise of THEMAC’s option over Copper Flat following the closing of the Sale, along with advancement of the project through pre-feasibility and working capital
- After closing of the Sale, Mercator expects to hold the equivalent of approximately a 50% interest in the THEMAC’s issued shares before taking account of the Financing
- Results of the PEA being completed by SRK Consulting (US), Inc. are expected to be released shortly
- A comprehensive announcement made by THEMAC on 6 July 2010 may be viewed here.
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Read more: Update on THEMAC Resources Group
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