BLR 0.00% 0.2¢ black range minerals limited

will the price go down on monday, page-11

  1. dps
    335 Posts.
    ASX Release
    Tuesday 23 May 2006
    BLACK RANGE MINERALS
    LIMITED
    Level 2 / 675 Murray Street
    WEST PERTH
    Australia
    Tel: +61 8 9481 4920
    Fax: +61 8 9226 2027
    Contact:
    Michael Haynes
    Director
    E-mail:
    [email protected]
    Tel: +61 8 9481 4920
    Directors / Officers:
    Alan Scott
    Michael Haynes
    Matthew Wood
    Timothy Flavel
    Issued Capital:
    438 million shares
    110 million options
    Australian Stock Exchange
    Symbol: BLR
    HIGH GRADE COPPER MINERALISATION
    INTERSECTED IN DRILLING AT THE
    PEVERIL PROSPECT,
    KOONENBERRY BASE METAL PROJECT
    The Company is pleased to announce that it has intersected
    significant intervals of high-grade copper mineralisation
    during its second phase drilling programme at the
    Koonenberry Base Metal Project, located approximately
    100km east of Broken Hill in western New South Wales.
    Analytical results from the first seven holes drilled during
    its current drilling programme have been received.
    Mineralisation was intersected in all seven holes and better
    results include:
    Ø 11m at 2.04% Cu and 6.30 g/t Ag from 52m
    Ø 5m at 2.28% Cu and 5.28 g/t Ag from 225m
    Ø 5m at 2.02% Cu and 5.94 g/t Ag from 66m
    Ø 4m at 2.12% Cu and 3.40 g/t Ag from 130m
    Ø 4m at 1.51% Cu and 3.62 g/t Ag from 148m
    Ø 3m at 1.41% Cu and 3.53 g/t Ag from 106m
    All seven holes were drilled at the recently discovered
    Peveril Prospect, located two kilometres along strike from
    the Grasmere Copper Deposit. All holes were drilled to test
    for extensions to high-grade copper mineralisation
    intersected at the Peveril Prospect during the Company’s
    initial drilling programme in 2005 (7 metres at 5.51%
    copper from 41 metres).
    Recent results are very encouraging as they confirm that
    high-grade copper mineralisation at the Peveril Prospect
    extends over more than 1,100 metres of strike and remains
    open at depth and along strike.
    The Company will now extend its drilling programme to
    follow up on these encouraging results at the Peveril
    Prospect. Numerous other targets are also being evaluated
    during the current drilling programme, including further
    testing of the strike and depth extensions of the Grasmere
    Copper Deposit. It is anticipated that this programme will
    be completed in four to six weeks time.
    The resource base at the Koonenberry Base Metal Project
    will be recalculated when all analytical results from the
    current drilling programme have been received. It is
    anticipated that an inaugural resource for the Peveril
    Prospect will be included in this calculation.
    Background
    The Koonenberry Belt, located in western New South
    Wales, is one of Australia’s emerging base metal
    provinces. Black Range Minerals holds a 100% interest in
    exploration licences that cover more than 600km2 of the
    Koonenberry Belt. The Company’s licences encompass the
    Grasmere Copper Deposit (JORC inferred resource of
    584,000 tonnes at 2.48% copper, 0.94% zinc, 5.24g/t silver
    and 0.08g/t gold), where, prior to the Company’s
    involvement, little exploration had been undertaken since
    1991.
    The Company is striving to increase the resource base at its
    Koonenberry Base Metal Project to a level where a
    development decision can be considered, in expectation of
    continued high copper prices and increasing global
    demand.
    The Company continues to aggressively pursue numerous
    acquisition opportunities both within Australia and
    overseas.
    Michael Haynes
    Director

 
watchlist Created with Sketch. Add BLR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.