25 August 2008
ASX RELEASE
CARINA - NEW DISCOVERIES
New mineralised zones discovered north of Carina
Significant potential for increased resource tonnages
1.
Carina Extended – 2.0km strike length with a mid point 2.5km north-west of Carina. 11 non-selective rock chip samples have returned an average iron grade of 58.9% Fe (maximum 61.6% Fe). Six exposures of primarily goethite mineralisation are present with the largest three being approximately 180m in length with widths of 30-50m:
2.
Carina North – 1.0km strike length with a mid point 7.0km north-west of Carina. 6 non-selective rock chip samples have returned an average iron grade of 59.1% Fe (maximum 63.0% Fe). Three exposures of primarily goethite mineralisation are present and are up to 170m in length with widths to 50m.
Looks pretty good. Hopefully it will help the share price up a little. Any opinions welcome.
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