jindivik project is in joint venture with cres

These are News to SNU, you can read the whole Text here:

http://stocknessmonster.com/news-history?S=SNU&E=ASX

One Parte out of the News from SNU:
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Other Programmes in Region
The Jungle Dam drilling follows the encouraging intersection of haematite breccia and iron oxide alteration at the company’s other key project, Jindivik, near Olympic Dam (Figure 1; see ASX release dated 23 April 2008). The intersection in the initial drill hole shows potential for an adjacent large IOCGU breccia system in the centre of a large gravity anomaly. The Jindivik project is in Joint Venture with Crescent Gold Limited (ASX: CRE, TSX: CRA, FFT: CRE5). The JV partners are considering follow up drilling at the earliest opportunity.
Gravity and soil geochemical surveys continue on the Eyre Peninsula tenements with the objective of developing further shallow drill targets throughout that prospective region.
First pass gravity has been completed at Charleston West and Koralla and these datasets are being analysed to evaluate drill targets for these IOCGU and iron ore opportunities south of the Middleback Ranges.


So, lets hope that we found the bottem and that we will see higher courses in the end of the year.
Maybe in the next few weeks we will get som news about the spinn off!!!!!