re: kurinelli gold project ASX ANNOUNCEMENT
2 December 2005
KURINELLI GOLD PROJECT
INFILL GEOCHEMICAL RESULTS LEAD
TO DRILL TARGETS
Excellent results achieved from Kurinelli soil sampling program
___________________________________
Arafura Resources NL (ASX:ARU) today announced plans to drill test targets at the company’s Kurinelli gold prospect (100% owned granted Authority C74
and granted mineral claims C951953)
in the Northern Territory.
The company has undertaken an extensive soil sampling program at Kurinelli.
As a result of this geochemical sampling it is clear that strong goldinsoil anomalies occur over a sizeable area and are sufficiently coherent to justify a drilling program.
Most recent infill soil sampling at Kurinelli has confirmed strong gold anomalism in the soils in the first area selected for detailed investigation.
Of the 678 samples in the latest program 65 samples returned greater than 20ppb Au. Two sites returned results greater than 4,000 ppb (4g/t Au) with the best result of 5,020 ppb (5.02 g/t Au).
Samples were collected on 25m intervals along lines spaced 50m apart. Soil samples were collected from 3040cm depth and were screened to 2mm.
Due to the very encouraging results Arafura is planning 20003000m of RC drilling in the first half of 2006 to test the targets identified.
The company believes that its initial confidence in Kurinelli will bear fruit.
Arafura also has secured the option to purchase two additional granted mineral claims (MC 22798 and MC22799) which are located close to the
company’s Kurinelli gold prospects.
These claims provide additional targets for the company’s ongoing exploration program at Kurinelli.
Arafura is looking at undertaking some initial soil sampling on these tenements, in particular one that adjoins the target area for the forthcoming
drilling program.
Following the recent successes, infill sampling of other target areas identified earlier in the year is also planned for 2006".
- Forums
- ASX - By Stock
- ARU
- + backed by valuable resources +
+ backed by valuable resources +, page-152
Featured News
Add ARU (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $332.6M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 13.5¢ | $286.9K | 2.088M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 1346712 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 698104 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 1289757 | 0.135 |
47 | 2589470 | 0.130 |
29 | 2030062 | 0.125 |
42 | 1881934 | 0.120 |
18 | 817754 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 698104 | 16 |
0.145 | 1314577 | 18 |
0.150 | 3102568 | 12 |
0.155 | 986297 | 10 |
0.160 | 1230980 | 23 |
Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
Featured News
ARU (ASX) Chart |
The Watchlist
NUZ
NEURIZON THERAPEUTICS LIMITED
Michael Thurn, CEO & MD
Michael Thurn
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online