7/18/2006 11:49:31 AM - Resource Definition
Shareholder Comment: Hi Rob
I just read the latest comment and your feedback. I thought it was an excellent question in regards to the resource and very exciting to hear you publicly emphasise a 50 years resource base.
In respect of drilling I think the preceding shareholder's question may have been in regard to the copper within the existing body rather than the under mountain area. The core samples appear to have been good quality but, as per company comment, need further definition. Is this going to be explored?
I am of the same understanding that copper is not covered by the mining license - is that correct?
If the copper is not covered by the license what would be required to ensure it is, how long would it take and is MZC intending to do so?
Given the current excitement about copper on the ASX it could be very helpful for the share price (and relationship with dilution).
Union Resources Reply: David:
The evaluation of the copper resource will not require any new drilling, just sampling of old core, which is now in progress.
Details will be released at the appropriate time along with details of title etc.
KIND WISHES
ROB
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