CRC cortona resources limited

Due this month1. DFS and Resource Upgrade for Dragues Reef2....

  1. 361 Posts.
    Due this month

    1. DFS and Resource Upgrade for Dragues Reef

    2. Assay are due from 7 holes in Plums Lode Drilling campaign. All holes struck mineralisation. Looks encouraging first hole had 12.6 m @ 9.9 g/t ~80m.

    3. Possibly futher assays from current drill program

    In October CRC raised $4.25 million in a share placement @ 17 cents.
    Current resource estimate = 286000 oz @ 6g/t
    Target resource = 500000 oz
    Planned production b4 end of 2011
    With a positive DFS, resource upgrade and drill results from Plum Lode I'm thinking a re-rating is on the cards

    TA it looks like an ascending triangle
    Support 16c
    Resistance 23.5c
    Target 31c
 
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