Rio Verde :- 3 Drill rigs now working Rio Verde Copper Project including 1 new bigger rig drilling 9 holes to 300m depth in HG zone. HG zone remains open in both directions.
- 16 drill core assays at lab, results pending!
Serra Verde:- 2 Drill rigs now working, 5000m target. Copper sulphide mineralisation continuos across 4 drill holes and open at depth.
- 6 drill cores at lab. Results pending!
- 3 drill cores at core yard.
Drilling to be completed within 2 -3 mths.
Xstrata JV copper project fast tracked and now being drilled with 1 drill rig operating at Agua Boa Prospect targeting clear 'Bullseye' IOCG mineralisation. First drill hole underway. New drill rig to drill to 300m depth.
Further Analytical services being engaged by proactive management now being aware of need to more regularly update and inform the market.
News due regarding Vale JV drilling for Iron Ore targets at Trindade North.
6 Rigs now drilling, weather improving and drill rates increasing significantly!
$20 Million cash in the bank, fully funded 50,000m drill program!
Can only see upward pressure on the share price IMO over coming weeks with all the news flow and pending drill results due!
GL to all holders......
in coming weeks, page-4
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