StockMarketWire.com - Trans-Siberian Gold [LON:TSG] shares jumped after it reported that mine development at Asacha in Q3 comprised 801 metres, while ore extraction (including ore from stoping and mine development) amounted to 49,091 mt.

In the first nine months of 2014, an average 13,070 mt per month was processed through the Asacha plant. The average gold grade processed in the third quarter of 2014 was 8.28 g/t, the highest grade achieved in any quarter in 2012, 2013 and 2014.

Third quarter production comprised 7,784 oz. refined gold and 9,121 oz. refined silver.

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Herencia Resources [LON:HER], the Chile-focussed mineral exploration and development Company, has completed the tender process for the upcoming drill programme at its Picachos copper project.

Seven companies submitted bids for the reverse circulation (RC) and diamond drill (DD) work programme and AC Perforaciones was chosen to execute the work.

AC Perforaciones is a local drilling company founded in 2006 and experienced in both diamond and reverse circulation drilling.

Its major clients include Barrick, CAP, SQM, Teck Resources and Freeport.

Drilling is expected to begin in the first week of November with the duration of the campaign estimated at approximately one month. The objective is to complete approximately 3,500 to 4,500m of drilling comprising 2,000 to 3,000m of RC drilling and 1,000 to 1,500m of diamond drilling.

It is anticipated that the program will comprise 30 to 40 holes with depths ranging between 80m and 200m. As previously advised, the program will target the high-grade 40m Shaft area and the recently identified northern extensions of the Flor del Bosque/40m Shaft mineralisation.

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The sector's biggest riser was GCM Resources [LON:GCM] - up by more than 27% in late trading - while the biggest faller was African Consolidated Resources [LON:AFCR] - down by more than 25%.



At 3:42pm:

[LON:AFCR] African Consolidated Resources PLC share price was -0.16p at 0.53p

[LON:AMI] African Minerals Ltd share price was -0.37p at 17.63p

[LON:AQP] Aquarius Platinum Ltd share price was -0.12p at 17.88p

[LON:BEM] Beowulf Mining PLC share price was -0.05p at 2p

[LON:BKY] Berkeley Resources Ltd share price was 0p at 15p

[LON:CEY] Centamin PLC share price was +0.73p at 56.58p

[LON:CHL] Churchill Mining PLC share price was -0.5p at 22.5p

[LON:CZA] Coal of Africa Ltd share price was -0.17p at 2.94p

[LON:FDI] Firestone Diamonds PLC share price was -0.5p at 36p

[LON:FRES] Fresnillo PLC share price was +10.25p at 808.25p

[LON:GCM] GCM Resources PLC share price was +4.88p at 22.5p

[LON:GEMD] Gem Diamonds Ltd share price was -0.5p at 175.5p

[LON:HER] Herencia Resources PLC share price was +0.02p at 0.27p

[LON:HOC] Hochschild Mining PLC share price was -1.2p at 121.8p

[LON:KMR] Kenmare Resources PLC share price was +0.3p at 7.35p

[LON:TSG] TransSiberian Gold PLC share price was +3.5p at 13.25p

[LON:VED] Vedanta Resources PLC share price was +9.75p at 811.75p



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