HCY halcyon group ltd

just a reminder

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    They may announce drilling program over next few days

    Halcyon identifies 3 anomalies at Bardoc Project
    16:20, Thursday, 3 June 2004

    Sydney - Thursday - June 3: (RWE) - Halcyon Group Ltd today
    announced a geophysical survey at the Bardoc Project had identified
    three anomalies that could represent nickel sulphide mineralisation.
    The geophysical program, completed in March this year, comprised
    a ground-based Electro Magnetic survey, designed to test six target
    areas associated with the 13 kilometres of prospective komatiite units.
    "The company is very encouraged by the anomalies identified to
    date as they are associated with the highly prospective 'basal contact'
    of the komatiite unit," technical director Mr Hamish Halliday said.
    "This 'basal contact' is the hosts for the Scotia nickel
    sulphide mine (endowment of 35,000 tonnes of Nickel metal) located just
    10 kilometres to the north of Halcyon's tenement boundary," he said.
    Following the identification of the three anomalies, the company
    has initiated a second geophysical program involving a further 12 line
    kilometres of infill EM, scheduled to commence later this month.
    The aim of the second program is to further define the anomalies
    in preparation for drill testing.

 
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Currently unlisted public company.

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