EKM eleckra mines limited

This won't do any harm....the word's out!Go baby!Elecktra, Doray...

  1. 5,618 Posts.
    This won't do any harm....the word's out!

    Go baby!

    Elecktra, Doray excite investors with gold hitsPETER KLINGER, The West Australian
    November 2, 2010, 6:12 am

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    Kalgoorlie Miner / Frances Pratt �

    Eleckra Mines and Doray Minerals yesterday continued their battle for title of WA gold explorer of the year after exciting investors with more high-grade hits from their respective projects east of Laverton and north of Meekatharra.

    Although Eleckra only announced after the close of sharemarket trading yesterday that it had discovered more "visible, very fine gold" from the latest round of reverse circulation drilling at the Justinian prospect east of Laverton, the Perth company's stock jumped as much as 14 per cent to 32� before closing up 0.5� at 28.5�.

    The close was Eleckra's highest in three years as investors warmed to the likelihood their company had discovered a substantial high-grade gold deposit.

    This is the second time in the past month that panning at Justinian has uncovered visible gold. Only 200m away, Eleckra has hit grades of up to 1m at 845 grams per tonne gold, at depth, at its main Central Bore prospect.

    Not to be outdone, Doray shares soared 25 per cent to a new all-time high of $1.40 yesterday after announcing that the first diamond drill hole testing the Wilber lode, within its Andy Well prospect north of Meekatharra, had intersected a 3m wide zone of mineralised quartz lode "with significant visible gold" about 160m below the surface.

    Assay results are due in three weeks' time but Doray delighted investors by suggesting the latest hole had unearthed mineralisation similar to a previous effort that returned 2.55m at 89gpt gold.

    Good luck all....
    chicken



 
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