Sydney - Monday - May 12: (RWE Aust Business News) - Paradigm Metals (ASX:PDM) and Exco Resources (ASX:EXS) have results from aircore drilling over the vanadium-molybdenum mineralisation at the Cloncurry joint venture, Queensland.
The mineralisation occurs along flat lying carbonate oil shale of the Euromanga Basin.
The intercepts include 12m at 0.33 per cent vanadium and 342 parts per million molybdenum at Arrolla South, 13m at 0.31pc vanadium and 337ppm molybdenum from 12 at Arolla, 16m at 0.3pc vanadium and 273ppm molybdenum from 4m at Arrolla East and 16m at 0.25pc vanadium and 296ppm molybdenum from 4m at Longford East.
Uranium so far is low grade, with best intercepts at Oorindi Park of 9m at 80ppm from 11m and 4m at 110ppm from 14m. Silver was elevated in two holes with 3m at 32g/t from 16m at Arrolla East.
PARADIGM METALS LIMITED (PDM) provides the opportunity to listen to an audio broadcast with Graham Carman, Managing Director in a presentation titled "Projects Update – Frogmore Copper Project & Cloncurry Vanadium –Molybdenum -Uranium JV with Exco Resources".
To listen, simply click on the link below: http://www.brr.com.au/event/45680
The presentation details are as follows: • Projects Update – Frogmore Copper Project & Cloncurry Vanadium –Molybdenum – Uranium JV with Exco Resources • Presented by Mr Graham Carman, MD • Mon, 19 May 2008 01:00PM AEST
Bouila (RMG etc) In yellow Cloncurry (PGM) (The Toolebuc Formation the same as RMG etc)
RMG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held