CSE copper strike limited

announcement, page-8

  1. 136 Posts.
    CSE has done a lot fundamental work in 2007, here are some summary:
    "10/07/2007 Copper Strike announced results of recent drilling from the Bloodwood Knoll, Jackson, Young and Chloe prospects near Einasleigh, North Queensland. The first Copper Strike drill hole at the Bloodwood Knoll prospect has returned 5m at 6.5% Zn, 2.4% Pb, 43g/t Ag and 0.35% Cu from 113m. The company said that assessment work is proceeding rapidly to incorporate Chloe into the Einasleigh Project Feasibility Study along with the Einasleigh Copper Mine and Kaiser Bill deposits.

    21/06/2007 Copper Strike announced that it has formed a new company, Syrah Resources, which plans to conduct an IPO and seek listing on the ASX in August. The prospectus will be available through the Copper Strike website in mid to late July and will be distributed to Copper Strike shareholders at this time. Syrah proposes to raise $4.2m by the issue of 21m shares at 20 cents per share to fund exploration and assessment programmes on these properties. Syrahs assets include a portfolio of high potential properties in two of the more active exploration areas in Australia - the Mt Isa Block of NW Queensland and the Flinders Ranges of South Australia.

    18/06/2007 Copper Strike announced results of recent drilling from the Chloe, Jackson and Kaiser Bill prospects near Einasleigh, north Queensland. At Chloe, intersections included 16m at 5.5% zinc, 1.7% lead and 49 g/t Ag from 258.4m at CH047 and calculation of an Inferred resource at Chloe will begin shortly. Drill hole JA003 at Jackson has extended shallow mineralisation down-dip, while an 11 hole program designed to upgrade the deeper part of the Inferred Resource to an Indicated Resource was completed at Kaiser Bill.
    04/06/2007 Copper Strike advised that drilling at Jackson has returned best results to date, with 15m @ 6.4% zinc, 5.3% lead, 194g/t silver and 0.1% copper from 72m at JA001 and 6m @ 5.3% zinc, 3.7% lead, 154g/t silver and 0.1% copper from 100m at JA002. Further targets in the immediate vicinity are being identified using the increased knowledge of the deposit derived from the recent drilling, geophysical interpretation and structural mapping.


    15/05/2007 Copper Strike advised that the Chloe deposit in North Queensland continues to return significant results, with highlights including: 40m @ 6.6% Zn, 2.8% Pb, 41g/t Ag and 0.3% Cu from 244m. The true thickness of this intersection is estimated to be 32m. Drilling is continuing at Chloe, and is also underway at the nearby Jackson and Young prospects.
    18/04/2007 Copper Strike reported negative cash flow of $0.78m for the quarter ended 31 March 2007. Operating cash flow for the period was $(0.78m). Payments for exploration and evaluation were $(0.6m). There were no cash flows associated with investing or financing activities. Cash in hand at the end of the quarter was $2.29m.

    07/03/2007 Copper Strike has drilled its first hole at Lake Margaret in Tasmania, targeting an extensive induced polarization anomaly. Drillhole LM01 intersected altered acid volcanics over 218m from a depth of 12m. Assays contained anomalous levels of gold and lead. The results indicate that further exploration of the zone is warranted and follow up drilling is being planned for later in the year.

    07/02/2007 Copper Strike announced that a favourable outcome has been obtained from the feasibility study into the Einasleigh Copper Project in North Queensland. The project, which would see 1.5Mt of ore per annum mined from the Einasleigh and Kaiser Bill deposits and processed at a new plant at Kaiser Bill, provides an approximate 20% IRR at current copper prices and economic conditions. In addition, a two month, 4000-5000m drill programme is scheduled to start next week at Chloe. "

    Great future and a solid investment.

    DYOR.


 
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