ARU 3.57% 13.5¢ arafura rare earths ltd

+ backed by valuable resources +, page-152

  1. 22,691 Posts.
    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".

 
watchlist Created with Sketch. 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
Last trade - 16.10pm 12/11/2024 (20 minute delay) ?
ARU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.