SMC GOLD (SMO) was going down like the rest yesterday when it
was saved by the bell.
Yesterday the company reported drilling aimed at upgrading
resources at the Cinabrio mine in Chile had indicated a new high-grade
copper zone.
The shares came from 0.3c behind at 8.6c to finish up 0.1c at
9c.
Managing director Rob Kidd also said the latest intersections
followed the company's highly successful exploration programs in 2005
which had provided an almost 500 per cent increase in resources at
Cinabrio - combined measured, indicated and inferred resource being
increased to a total of 10.77 million tonnes at 1.43 per cent copper
containing 165,781 tonnes of copper-equivalent.
SMO
smc gold limited
