VCN vulcan resources limited

assays to have "very postive" impact

  1. 56,911 Posts.
    lightbulb Created with Sketch. 288
    Vulcan assays to have 'very positive' impact
    12:13, Tuesday, 21 February 2006

    Sydney - Tuesday - February 21: (RWE Australian Business News) -
    Vulcan Resources Ltd (ASX: VCN) has received assay results from three
    drill holes at the Kylylahti copper deposit.
    Together with indications of visible sulphide mineralisation in
    three other recently completed drill holes and assay results announced
    two weeks ago, these drill holes indicate significant extensions to the
    upper Wallaby zone and especially the lower Wombat zone.
    Chairman Dr Alistair Cowden said the Company expected this
    drilling to have a "very positive" impact on the already robust
    financials for the project.
    "The discovery of economic mineralisation between the two known
    zones of mineralisation will improve tonnes mined per vertical metre of
    development with a consequent positive impact on net present value,"
    said Dr Cowden.
    "At Kylylahti, our immediate objective is obviously to finish
    the Definitive Feasibility Study and to bring the mine into production
    as quickly as possible – positive news along the way, such as today’s
    assay results, give us even more enthusiasm and motivation to keep
    forging ahead."

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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