Monkey panic this morning. Very sig. shakeout potentially clears...

Monkey panic this morning. Very sig. shakeout potentially clears the way this morning.

Sydney - Monday - June 15: (RWE Aust Business News) - Proto
Resources (ASX:PRW) has intersected a 15 metre wide zone of visible
copper mineralisation in a new 751 metre deep Lindeman's Bore drill hole,
Northern Territory.
The hole is the first to test the bullseye geophysical
magnetic/gravity anomaly.
No previous mineralisation occurrences are known in the vicinity
of Lindeman's Bore.
The drill hole LBD 1 intersected sedimentary rocks (sandstone,
mudstone and dolomite) from surface down to a depth of 415m.
The first appearance of intrusive magnetic mafic rocks (the host
rocks for Norilsk style nickel-copper-PGE mineralisation) was at 415m.
From this depth to 528m, the mafic rocks continued with only
minor intercalated sandstone.
Drilling has validated the conceptual geological target for
Lindeman's Bore.
First assay results are due in August and a hole re-entry is
planned later in calendar 2009 to test for deeper mineralised extensions.
"This discovery is enormously significant as we have proved the
geological concept and we can now look to explore and define economic
mineralisation," chairman Andrew Mortimer said.
He said it is now Proto's intention to commence petrographic
studies on the mafic rock units and on receipt of the final drill core
assay results, to assess what further exploration should be completed.
The trading halt on the company's shares has now been lifted.