ASX ANNOUNCEMENT/MEDIA RELEASEPHASE 2 ARGANARA ASSAY RESULTS•...

ASX ANNOUNCEMENT/MEDIA RELEASE
PHASE 2 ARGANARA ASSAY RESULTS
• Arganara Phosphate (P2O5) mineralisation extends 27km
• Multiple areas with grades intersected above 20% P2O5
• 32.1% P2O5 intersected 12km east of Arganara
NuPower is pleased to announce assay results from the Phase 2 Arganara drill program in the Northern Territory of Australia. The new assay results extend the phosphate footprint from Arganara over a strike length of 27km to Limestone Bore.
Phosphate mineralisation is continuous across the area covered by the Phase 2 drill program, with grades varying from 3 to 10% to over 30% P2O5. The Phase 2 assays highlight a number of zones with potential to host large thick bodies of phosphate mineralisation grading above 20%. Phosphate mineralisation remains open to the south across the whole Phase 2 area and also beyond Limestone Bore to the east.
At Central Arganara 12km from the previously reported Phase 1 drilling, drill traverse 532000E has discovered a zone of thick phosphate mineralisation with DSO potential. Results from holes ARC230 and ARC235 on traverse 532000E are as follows.
ARC230 intersected 4m @ 23.4% P2O5 from 19m inc. 1m @ 32.1%
ARC235 intersected 9m @ 17.0% P2O5 from 18m inc. 1m @ 23.5%
Andrew Johnstone, Managing Director of NuPower stated “NuPower is very pleased with these Phase 2 drill results. We have successfully defined a 27km long corridor of phosphate mineralisation between the Arganara Prospect and Limestone Bore. There are multiple areas within this corridor with high grade phosphate potential. The scale of this system is significant with considerable upside. We have intersected 32.1% phosphate grades 12km from Arganara. The Phase 2 mineralised corridor remains open to the south and east. NuPower will now focus on converting exploration success into JORC compliant resource’s through infill drilling and expand the phosphate footprint through exploration drilling over the remainder of 2012.”



I like this little teaser towards the end

"The Phase 2 mineralised corridor remains open to the south and east."