molybdenum found at macaulay creek

DAWN OF HOPE PROSPECT - fitting name....

the grades are very high actually for Mo....

many resources are merely 0.06%....

3 October 2008 ASX / Media Release MOLYBDENUM MINERALISATION FOUND AT MACAULAY CREEK DAWN OF HOPE PROSPECT Reverse circulation (“RC”) hole number DH 01 (385787E/ 7877603N) at the Dawn of Hope prospect was drilled at an azimuth 255⁰ with dip of 50⁰. The host rock is the pink medium to coarse grained Spinifex Granite. This hole has potassic–chlorite-quartz alteration throughout with strong molybdenite mineralisation from 28 to 30 metres. The section, of one metre samples, from 20 to 39 metres were submitted for accurate ore grade XRF analysis. Laboratory results have now been received for Dawn of Hope hole DH 01. The molybdenum value over the 19 meters intersection averages 0.27% Mo. The highest value is 1metre @ 2.03 % Mo. -Ends-