Is it this....(check out bold bit.....)ASX...

Is it this....(check out bold bit.....)

ASX ANNOUNCEMENT
High-grade (2.2% U3O8) uranium surface sample •
•
Numerous uranium occurrences, and geophysical anomalies for follow up
The Directors of Pacific Magnesium Corporation Ltd ("PacMag") are pleased to report that recent reconnaissance surface sampling from newly defined uranium targets has returned analytical results of up to 2.2% U3O8 at the Company's Olary Joint Venture Project in South Australia (Figure 1).
Reconnaissance rock chip sampling at the Domenic Prospect returned high-grade uranium and thorium mineralisation (2.2% U3O8 , 2.7% thorium, 0.25% cerium and 0.09% lanthanum) associated with a feldspar dominant pegmatite.
Uranium mineralisation in the Curnamona Craton is associated with pegmatites and granitoid rocks that comprise the Mesoproterozoic Willyama Complex. The Willyama Complex is host to a number of uranium occurrences including the historic Radium Hill mine and Crockers Well uranium deposit (located 30km to the north west of PacMag's tenements) which contains a reported 14,850,000 lbs of contained U3O8.
The Crockers Well deposit was used as a type area to determine significant airborne radiometric anomalies using publicly available detailed regional geophysical data. The resultant filters were then applied to the Company’s tenement area defining 5 uranium radiometric anomalies including the Domenic Prospect within the northern Olary Project tenement EL 2939.
In addition, four uranium occurrences have been identified from regional geological databases of which only one is coincident with the new airborne targets. The combined anomalies and occurrences define 8 uranium targets that warrant assessment. To date only 4 of the uranium targets have been visited. Follow-up sampling and review of the potential of uranium targets in the Olary Project is planned for the first quarter 2006.
PacMag can earn up to 75% equity in the Olary Project from Giralia Resources NL. The Olary Project consists of three exploration licences; the southern licences host the Blue Rose copper-gold-molybdenum deposit where the Company recently completed drilling to test the strike extents of near surface oxide copper mineralisation. Results from this drilling and drill testing of adjacent geophysical targets are expected in January.
Michael Clifford


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ASX ANNOUNCEMENT
• Drilling to extend to Blue Rose oxide copper mineralisation commenced
The Directors of Giralia Resources NL ("Giralia") report the recommencement of drilling at the Blue Rose project in South Australia, targetting extensions to known near surface oxide copper mineralisation, along with first pass testing of five new geophysical targets.
The approximately 90 hole drilling program is being funded and operated by Pacific Magnesium Corporation Limited ("PacMag"), which is now a significant independent copper exploration company following the acquisition from Giralia of a package of highly prospective copper-gold-molybdenum projects, including Blue Rose, and the Ann Mason porphyry copper deposit in Nevada. Giralia will retain a stake of around 12% in PacMag whilst distributing the remainder of the transaction consideration to its shareholders via an in specie distribution of 40 million PacMag shares.
PacMag can earn an initial 51% interest in Giralia's 1500 square kilometre Blue Rose project through expenditure of $1 million within 2 years, including $500,000 in year 1 before withdrawal, and can increase its interest to 75% by completion of a Bankable Feasibility Study.
The drilling program commenced last week at Blue Rose is designed to further extend the strike length of shallow oxidised skarn-style copper mineralisation discovered by Giralia at Blue Rose. Better intersections from previous drilling include 41 metres @ 1.62% copper from 9 metres depth, and 48 metres @ 1.04% copper from 8 metres depth.
Drilling completed in August-September 2005 extended established oxide copper mineralisation to over 750 metres strike, with broad oxide copper intersections returned at both the western and eastern ends of the Blue Rose prospect.
Mineralisation remains open with several holes drilled further east failing to reach target depth, due to the limitations of the small capacity rig previously employed. In particular a number of holes adjacent to recent hole RABR214 (10.5 metres @ 1.54% copper, 0.23g/t gold within 22.5 metres @ 0.99% copper) at the eastern end of the oxide copper zone are deemed to be ineffective due to poor drill depth penetration. A step out hole 400 metres further to the east of the current limit of mineralisation returned 39 metres @ 0.21% copper along a magnetic anomaly similar to that associated with the established mineralised zones, suggesting potential for further strike extensions. Holes are also planned to the west of the Blue Rose oxide zone to test along strike from the open ended intercept in recent hole RABR198 which returned 15m @ 1.37% copper.
PO Box 1665, West Perth WA 6872 �� Level 2, 33 Ord Street, West Perth WA 6005
Tel: (08) 9481 4440 �� Fax: (08) 9321 0070 �� Email: [email protected] �� Web: www.giralia.com.au
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Additionally, five new regional targets with geophysical signatures similar in character to that of Blue Rose will be tested by broadly spaced first pass aircore drilling traverses.
A program of diamond drilling is also planned to test depth extensions and to obtain orientated drill core from the fresh rock (sulphide) zone beneath the oxide intersections to allow better targeting beneath the oxide zones. Previous intersections from within the sulphide zone include 48 metres @ 0.82% copper and 1.01 g/t gold. In addition drilling is proposed to test a substantial nearby aeromagnetic anomaly modelled as a porphyry-style copper-gold target.
R M Joyce 28 November 2005
Director