ag: Y
Classification: Third Quarter Activities Report , Third Quarter Cashflow Report
STRIKER RESOURCES NL 2002-04-30 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
A summary of the company's activities and results for the quarter
ended 31 March 2002 is presented below.
CORPORATE HIGHLIGHTS
* Completion of a $1.0 million placement to institutional and
selected private investors.
* Issue of a Prospectus for a pro-rata non renounceable entitlement
issue to raise approximately $2.5 million.
EXPLORATION HIGHLIGHTS
GOLD
* Negotiations concluded with De Beers Australia Exploration Limited
(De Beers) regarding gold and diamond rights to certain tenements in
the north Kimberley.
* CSIRO research scientists reported that analysis of gold particles
collected from stream samples indicated a close proximity to a source
of mineralisation. Several grains also revealed an association with
quartz, calcite and alumina silicates which is considered likely
primary vein material.
* Analysis of a coarser fraction from reconnaissance orientation soil
samples has generated two spectacular and separate gold soil
anomalies assaying 16.7g/t and 10.5g/t.
* Reconnaissance rock chip samples taken from epithermal veins and
quartz reef systems report gold up to 491 ppb.
* Results to date suggest that a new Proterozoic-aged gold province
may have been identified in the north Kimberley.
* A second program of infill and reconnaissance soil samples is
currently underway, with first results expected within four weeks.
* Application has been made for a further 7,357 sq km in the
Kimberley over areas believed to have potential for gold
mineralisation. Striker interests in the Kimberley now cover over
17,500 sq km.
DIAMONDS
* The 2002 field program commenced during the quarter.
* Plans are at an advanced stage for the bulk testing of the Seppelt
1 pipe.
* Ground magnetic surveys are underway to define on the ground a
dipolar magnetic anomaly located in close proximity to a 30 tonne
bulk stream sample, which reported 7.34 carats of diamonds.
* A 50 tonne reconnaissance bulk strewn sample taken from a stream
30km from the Seppelt project area produced a 1.72 carat near perfect
gem diamond valued at US$720/carat.
* De Beers reports 26 high priority indicator-mineral samples
together with several priority targets identified from their airborne
multi-spectral scanner survey.
MORE TO FOLLOW
- Forums
- ASX - By Stock
- SKR
- This Company could be on to something
SKR
unknown
This Company could be on to something
Featured News
Add SKR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
Previous Video
Next Video
SPONSORED BY The Market Online