ADY 0.00% 0.7¢ admiralty resources nl.

I can view it via e.Trade. Just don't have any where to host the...

  1. 6 Posts.
    I can view it via e.Trade. Just don't have any where to host the document though.

    I've included the first page of it. The rest of the report didn't want to format nicely so I have excluded it for now.

    Apologies for the bad formatting..


    22 January 2008
    Company Announcement Office
    Australian Securities Exchange Limited
    20 Bridge Street
    SYDNEY NSW 2000
    BULMAN GEOPHYSICS SURVEY HIGHLIGHTS A NUMBER OF
    PROSPECTIVE AREAS FOR EXPLORATION OF ECONOMIC
    DEPOSITS

    The board of directors of Admiralty Resources is pleased to announce that the
    geophysical, magnetic and radiometric surveys conducted over the Bulman
    exploration leases in October 2007 have identified several areas that warrant
    further investigation for fault system related carbonate hosted Mississippi
    Valley Type Pb-Zn mineralisation.

    Given that Mississippi Valley-type Pb-Zn mineral deposits are often located in
    fault and fracture systems, the traces of the interpreted faults are likely to be
    considered as sites for future exploration.

    Admiralty has two mineral leases 726 and 727 which have shown prospective
    occurrences of lead zinc mineralization. It also has four exploration leases
    granted in July 2007. The interpretation has highlighted a system of east-west
    and north-south faults that spatially correlate with known mineralization and Pb-
    Zn geochemical soil anomalies. Similar faulted areas were noted in the eastern
    most section and central western area of EL 23814 and are considered to be
    highly prospective.

    Several unexplained potassium radiometric anomalies exist in the area. There
    is a possibility that these could be indicating potassic alteration associated with
    the influx of mineralising fluids. Such sites will be examined, particularly the
    strong anomaly occurring immediately north of the Bulman 1 Deposit.
    On the basis of the report Bulman Resources Pty Ltd, a wholly owned
    subsidiary of Admiralty Resources NL will commence a drilling program to
    target the areas of interest in May this year as soon as the wet season allows
    work to commence. A drilling rig has been booked for the drilling campaign.
    The price of lead on the LME was US$1.16 per pound and zinc is US$1.01 per
    pound.
    Yours sincerely,
    Phillip Thomas
    Managing Director
    Bulman Resources NL
 
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