re: reason for rise annual report
...."which will greatly assist us in our search for the next Olympic Dam".......
Awesome.... :))) For the lazy ones...check this out from the ANNUAL REPORT TODAY >>>>
...." The team was also able to secure a drill rig to test high priority gravity anomalies on the Company’s Punt Hill tenements to target iron oxide copper-gold-uranium mineralisation similar to that found at Olympic Dam, Prominent Hill and Carrapateena. A detailed gravity survey has been completed over the majority of tenements and a detailed aeromagnetic and radiometric survey commenced in early September 2006.".......
...."Greg Swain has been employed to manage the Company’s iron oxide copper-gold-uranium and gold only projects. Greg comes to us from the University of Adelaide where he is currently completing his PhD on the tectonic framework and mineralising systems of the Gawler Craton. He is studying the regional controls on iron oxide copper-gold mineralisation which will greatly assist us in our search for the next Olympic Dam. Greg is an experienced field geologist having undertaken field work and drilling programs with PIRSA, Minotaur Exploration, Pepinnini Minerals and Avoca Resources.".......
...."Our aim is to be successful in discovering Olympic Dam style copperuranium- gold mineralisation on our flagship project at Punt Hill, approximately 25 km south of the new Carrapateena discovery, on the western shore of Lake Torrens. Our second highest priority is to extend the zone of known zinc mineralisation at our Bonaventura Prospect on Kangaroo Island and quickly move to resource definition. We also aim to test for copper-uranium-gold mineralisation, gold only mineralisation and rollfront uranium from drill ready targets on Ambrosia, and Archaean greenstone style nickel and gold mineralisation in our other high priority Moorlands - Brimpton Lake - Mt Hope tenements.".......
...."From these successes we will focus on developing joint ventures with major companies and creating long term value for our shareholders."....
Want more ??? go and read the report awesome photos, ilustrated maps and loads of interesting information...DYOR
cheers
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