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[AutoMobilist]

Croesus Mining hat ein neues Goldprojekt erworben: Das Davyhurst Gold Projekt.

Erworben wurde dieses Projekt von NM Rothschild & Sons für 3 Mio A$, 1 Mio Croesus Aktien und 2 Mio Optione (Basis: 0,35 A$; 5 Jahre Laufzeit).

Das Davyhurst Projekt umfasst ein Claim von 560km^2 und beinhaltet eine Resource von ca. 400.000 Ouncen Gold. Zusätzlich ist im Preis eine Goldgewinnungsanlage und dazugehörende Infrastruktur mit einer Kapazität von 1.3 Mio Tonnen Gestein/Jahr enthalten.

Der große Vorteil dieses Projektes ist in der Zusammenführung der verscheidenen Rechte, die vorher von verschieden Gesellschaften gehalten wurden, in eine gemeinsames Projekt. Dieses ermöglicht jetzt eine bestmögliche Bearbeitung dieses Gebietes.

Das Projekt ist noch nicht vollständig erschlossen, so daß Explorationsmaßnahmen wahrscheinlich weitere Resourcen hervorbringen wird.

Für Croesus ist ein weiterer Vorteil darin zu sehen, daß nun ein zweites Projekt vorhanden ist, wodurch die Unternehmung größer geworden ist, und gleichzeitig die Abhängigkeit gegen Ausfälle in Zukunft sinken wird.

[speakeasy]

Kannst Du mir sagen wo ich ein kompletes Firmenprofil von Croesus bekommen kann?

[GigiAnderson]

@speakeasy

Hi, daß einzige Profil von Croesus was ich kenne ist deren Homepage:

www.croesus.com.au


(Leider nur auf Englisch)

Gruß Gigi

[GigiAnderson]

@speakeasy

Hi, daß einzige Profil von Croesus welches ich kenne, ist deren Homepage:

www.croesus.com.au


(Leider nur auf Englisch)

Gruß Gigi

[GigiAnderson]

Der Quartalbericht von Croesus ist da:

CROESUS MINING NL
Third Quarter Activities Report
Document date: Fri 28 Apr 2000 Released time: Fri 28 Apr 2000 18:50:39
Document No: 178388 Document part: A
Market Flag: Y
Classification: Third Quarter Activities Report

--------------------------------------------------------------------------------
CROESUS MINING NL 2000-04-28 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
HIGHLIGHTS THIS QUARTER

GOLD PRODUCTION of 10,325 ounces at a cash cost of $302 per ounce

WORKING CAPITAL of $24.6 million

DAVYHURST GOLD PROJECT
agreement reached to acquire a 100% interest in the Davyhurst Gold
project from NM Rothschild & Sons.

This 560km2 project has gold resources of approximately 400,000
ounces and the acquisition includes a 1.3mtpa gold treatment plant
and associated infrastructure.

FORT WILLIAM mineral resource has been increased and now totals
2.50Mt at 2.25g/t Au for 179,000 ounces. Drilling continues along
strike and down dip where mineralisation remains open.

COWARNA ROCKS - Croesus has reached agreement with Ramsgate
Resources, where Croesus may earn up to a 80% interest in Cowarna
Rocks project located 110km east of Kalgoorlie.

GOLD FORWARDS
10,414 ounces @ $472 and
16,500 ounces @ $470-$510.

CROESUS ACQUIRES 100% INTEREST IN DAVYHURST GOLD PROJECT

Croesus Mining has agreed to acquire a 100% interest in the Davyhurst
Gold project from NM Rothschild and Sons. This 560sqkm project has
gold resources of approximately 400,000 ounces and the acquisition
includes a 1.3mtpa gold treatment plant and associated infrastructure.

Project tenements consist predominantly of granted mining leases
providing maximum benefit for exploration and mine development.

CONSIDERATION FOR THE PROJECT IS

* Three million dollars cash - payable in 3 equal 6 monthly
instalments of $1 million each.

* One million fully paid ordinary Croesus Mining NL shares.

* Two million 35 cent, five year options.

The project is located 120 kilometres NW of Kalgoorlie. The previous
owners of the project put together a comprehensive land package in
the area in the mid 1990`s consolidating the holdings of numerous
parties including the Davyhurst assets of WMC and Aberfoyle.

This consolidation of tenements that covers over 50 kilometres of the
Kalgoorlie greenstone sequence is one of the key attractions of the
property.

The purchase allows Croesus the opportunity to undertake systematic
exploration and realise the advantages of having a very large and
contiguous ground holding that was previously held by numerous
parties.

The project represents an excellent addition to Croesus` current land
holdings and the possibility of a second mining operation for the
Company, utilising plant and infrastructure at well below
replacement cost.

The Davyhurst project hosts significant portions of several regional
scale gold structures, including the Zuleika and Kunanalling Shears
and the Mt Ida Fault. The Zuleika Shear is interpreted to control the
position of the Kundana Gold deposits, located south of Davyhurst.

Numerous exploration targets exist, due to the lack of exploration
work completed outside of the direct mine areas.

This potential is illustrated by the area north of the 500,000 ounce
Waihi and Lights of Israel open pits, where there is only one line of
drilling for the next 12 kilometres.

Croesus propose to spend over $2 million in the next 12-18 months to
aggressively test the Davyhurst area.

Most of the historic open pits require on-strike and depth-extension
testing and recent regional exploration work by Rothschild has
identified significant grass-roots anomalies that require immediate
testing.

It is anticipated that formal sale documentation will be concluded in
the next few weeks with drilling proposed to commence shortly after.

GOLD PRODUCTION & BINDULI OPERATIONS

Gold production from Binduli totalled 10,325 ounces at a cash
operating cost of $302 per ounce for the quarter. Mill feed was
sourced from the remainder of the Beaver pit stockpiles and the
recently commenced Navajo North and Navajo West pits. Open pit
operations were not adversely affected by approximately 300mm of rain
that fell during the quarter.

The Navajo South pit which contains an estimated 175,000 tonnes @
2.74g/t gold (16,400 ounces) is proposed to commence in May 2000.

Completion of treatment of Beaver pit ore showed that both the grade
and tonnage exceeded reserve estimates with 209,548t @ 2.73g/t gold
recovered compared to a budget of 186,191t @ 2.60g/t gold.

Metallurgical extraction was also above budget at 92.7%. These
improvements resulted an additional 2,712 ounces being recovered.

PRODUCTION STATISTICS - BINDULI GOLD MINE

MAR 00 PREVIOUS 1999/00
QUARTER QUARTER FINANCIAL
YEAR

Ore Mined (t) 83,004 151,345 469,533
On Processed (t) 153,935 139,971 418,938
Mill Head Grade (g/t gold) 2.21 2.58 2.86
Recovery (%) 94% 93.4% 93%
Fine Gold Production (oz) 10,325 10,834 35,958
Cash Cost (A$/oz) 302 317 276

TAKEOVER BID FOR GILT-EDGED MINING

Croesus` bid for Gilt-Edged Mining lapsed on 18 April 2000. Croesus
acquired a total of 1,464,187 shares in Gilt Edged and these have
been sold via acceptance into the Goldfields bid.

A profit of $257,000 was made on the sale which will offset the costs
involved in making the bid.

LAKE WELLS PROJECT

The Lake Wells Project located 100km north of Laverton on the NE
margin of the Yilgarn Craton, covers over 50km of the poorly explored
Ulrich Range and Mt Gill greenstone belts that me concealed by sand
plain and shallow Permian cover.

Recent aeromagnetic data acquired by AGSO has allowed the definition
of a more extensive greenstone sequence than previously thought and
confirmed the presence of major regional structures which are very
similar to other structures, which control the position of major gold
deposits in the Eastern Goldfields.

Lake Wells represent an excellent under explored, large acreage
project capable of hosting Laverton style gold mineralisation.

A substantial drill program is planned to commence in the September
2000 quarter.

COWARNA ROCKS - JOINT VENTURE SIGNED WITH RAMSGATE RESOURCES LIMITED

Croesus has reached agreement with Ramsgate Resources, where Croesus
may earn up to a 80% interest in Ramsgates Cowarna Rocks project
located 110 km east of Kalgoorlie.

The Cowarna Rocks project, covers a number of very poorly tested but
extensive gold in soil anomalies. These soil anomalies are up to 6
kilometres long and require immediate drill testing.

Croesus is required to spend $700,000 over 5 years to earn 80%, with
a minimum commitment of $130,000 in the first year.


MORE TO FOLLOW

[GigiAnderson]

CROESUS MINING NL
Third Quarter Activities Report
Document date: Fri 28 Apr 2000 Released time: Mon 01 May 2000 16:32:56
Document No: 178388 Document part: B
Market Flag: Y
Classification: Third Quarter Activities Report

--------------------------------------------------------------------------------
CROESUS MINING NL 2000-04-28 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
REGIONAL EXPLORATION

During the quarter a significant number of exploration licence
applications were granted or will proceed to grant due to native
title being resolved.

The following exploration projects can now be accessed for
exploration, and significant work programs have commenced.

Twin Tanks (Croesus 100%)
50km E Kalgoorlie

Banjarwarn (Croesus 100%)
150km N Leonora

Mertondale (Croesus 100%)
40km NE of Leonora

Riverina (Croesus 100%)
150km NW Kalgoorlie

Campbell Well (Croesus 100%)
100km NE of Kalgoorlie

Pinjin (Croesus 100%)
120km ENE of Kalgoorlie

Deleta South (Croesus 100%)
150km N Laverton

Drilling or soil sampling will be completed on all of these projects
in the coming quarter.

FORT WILLIAM DEPOSIT -
GOLD RESOURCE INCREASE

Further positive drill results were received from the Fort William
area and a new resource estimate was completed. Gold mineralisation
remains open in all directions and ongoing RC work is being
completed.

FORT WILLIAM RC DRILLING - BEST INTERCEPTS FOR BCRC3555-58

HOLE ID NORTHING EASTING AZIMUTH DIP M.R.L. HOLE INTERCEPT
(MAG) DEPTH

BCRC3555 10,600 10,490 230 -60 362 80m 5m@ 4.22 g/t
gold from 64m
Includes 1m@ 9.34 g/t
gold from 68m
BCRC3556 10,540 10,482 230 -60 362 80m 4m@ 7.84 g/t
gold from 61m
Includes 1m@ 18.57 g/t
gold from 61m
4m@ 9.35 g/t
gold from 67m
Includes 1m@ 23.3 g/t
gold from 70m
5m@ 4.14 g/t
gold from 75m
BCRC3557 10,400 10,460 230 -60 362 75m 8m@ 2.09 g/t
gold from 58m
Includes 2m@ 5.52 g/t
gold from 62m
BCRC3558 10,240 10,450 230 -60 362 80m 3m@ 7.27 g/t
gold from 51m
Includes 1m@ 15.8 g/t
gold from 53m
12m@ 2.56 g/t
gold from 58m

Final Assay results from 1m splits, 2m maximum internal dilution, 1
g/t Au lower cut, no upper cut, Fire Assay Method.

A revised resource estimate was completed for the Fort William
deposit. The sectional, polygonal method was used to estimate a
resource of 2.50Mt at 2.25g/t Au for 179,000 ounces. The previous
estimate for Fort William was completed in September 1999. Since that
time RC and diamond drilling has discovered and partially delineated
a new zone of high-grade mineralisation within the northern portion
of the resource area. A summary of the current resource is shown
below. Initial pit optimisation studies indicate that approximately
251,000 t @ 2.62 g/t Au is recoverable at current gold prices.
Further drilling is required to close gaps within the optimized area
with the likelihood of adding to the optimal pit reserve.


MORE TO FOLLOW

[GigiAnderson]

CROESUS MINING NL
Third Quarter Activities Report
Document date: Fri 28 Apr 2000 Released time: Mon 01 May 2000 17:04:49
Document No: 178388 Document part: C
Market Flag: Y
Classification: Third Quarter Activities Report

--------------------------------------------------------------------------------
CROESUS MINING NL 2000-04-28 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
FORT WILLIAM MARCH 2000 DILUTED RESOURCE SUMMARY

Indicated* Inferred
Tonnes Uncut Aucut Tonnes Uncut Aucut
T g/t g/t T g/t g/t

Oxide 209,000 2 63 2.19 158,000 2.60 2.32
Transition 202,000 2.93 2.64 21,000 4.19 2.00
Fresh 450,000 2.34 2.07 1,235,000 3.17 2.30
Total 861,000 2.55 2.23 1,543,000 3.13 2.30

Total
Tonnes Uncut Aucut Au Cut
T g/t g/t Ounces

Oxide 366,000 2.62 2.24 26,400
Transition 424,000 3.58 2.31 31,500
Fresh 1,685,000 2.95 2.24 121,400
Total 2,475,000 3.01 2.25 157,500

September 1999 Estimate 2,202,000 2.86 2.22 157,500


WALLBROOK HILL JV - CRUSADER AND KINGSLEY DRILL RESULTS

CRUSADER PROSPECT

Twelve PC holes were drilled at Crusader with infill drilling now
completed on 100m line spacings along the 700m long main zone.

Drilling intersected mineralized extensions as predicted however the
width and tenor of the results in most cases, showed that earlier
high grade intercepts have less than 100m strike influence and a more
complex structural setting than previously interpreted.

CRUSADER ZONE - REVERSE CIRCULATION INTERCEPTS


Hole ID Northing Easting Azimuth Dip mR.L. Hole Intercept
(mag) Depth

WBRC023 6696800 433210 090 -60 380 100 2 mg @ 1.25g/t
gold from 32m

WBRC025 6696700 433210 090 -60 380 100 1 mg @ 9.14g/t
gold from 35m
1 mg @ 9.91g/t
gold from 83m
2 mg @ 12.1g/t
gold from 96m

WBRC026 6696700 433170 090 -60 380 167 2 mg @ 2.06g/t
gold from 110m

WBRC027 6696600 433240 090 -60 380 90 1 mg @ 3.53g/t
gold from 21m
2 mg @ 2.42g/t
gold from 53m
WBRC030 6696300 433310 090 -60 380 89 4 mg @ 1.75g/t
gold from 44m

WBRC034 6696500 433210 090 -60 380 129 8 mg @ 1.84g/t
gold from 86m
6 mg @ 1.09g/t
gold from 98m


Final Assay results from 1m splits, 2m maximum internal dilution,
1 g/t Au lower cut, no upper cut, Fire Assay Method.

Fifty nine RAB and sixteen aircore holes were drilled at the Kingsley
prospect during the quarter. Drilling targeted areas where
gold-in-soil anomalies up to 100 ppb Au remained untested.

KINGSLEY PROSPECT

Kingsley drilling included one traverse of ten holes south of
existing gold anomalism in a structurally complex zone on the
southern extremity of the project. Encouraging results were returned
including 10m @ 0.22g/tAu intersected in weathered, hematite altered
intermediate volcanics. Further south a 1.26 g/t Au repeat was
returned in a one metre interval in basal sands. Several other +500
ppb Au values were returned from the RAB drilling. Follow up drilling
is planned to take place during the next quarter.

The information in this report has been compiled by Mr Michael
Fowlet, (Exploration Manager Croesus Mining) and Mr Paul Payne (Payne
Geological Consultants) both of whom are Members of the Australasian
Institute of Mining and Metallurgy and have sufficient experience
which is relevant to the style of mineralisation and type of deposit
under consideration and qualify as Competent Persons as defined in
the 1999 Edition of the "Australasian Code for Reporting of Mineral
Resources and Ore Reserves" and have granted their permission in
writing for the quotation of reserve and resource estimates.

[speakeasy]

Besten Dank Automobilist, wäre nett weiterhin was zu lesen! Weisst DU vieleicht Prognosen?