Ann: Vulcan Project - Drilling to Commence , page-7

Proactiveinvestors made a nice mention of Tasmas aswell, I especially liked the last bit:

"Analysis

Fascinatingly, 8 holes have been drilled to date at Vulcan. All 8 holes encountered IOCGU mineralisation/alteration Cu, Au, Ag, U, Mo (+ REE).

Based on a Residual Gravity comparison with Olympic Dam, Vulcan is uncannily similar.

RTX may pay TAS $7m & spend $25m on exploration for 55%. If TAS dilutes, RTX may spend $50m for further 25% (ie 80%). TAS may then contribute or require RTX to buy TAS share (20%).

Tasman had cash of $10.5 million at June quarter end.

The drill program will be fascinating to watch as it unfolds. Although early days, Vulcan displays many, many similarities to Olympic Dam that investors should be looking closely at Tasman Resources given current valuation of $29 million includes $10 million in cash."

If Tasman uses the same drill crew as last time, then the first hole could be completed within two week. I recall those guy's being on fire back then.

Fingers crossed.

Roel