Can anyone work this out?
Is this free carried?
30 March 2005
Impress has stake in Heron/Inco Nickel Project
Impress Ventures is pleased to advise that it has an interest in the Heron/Inco
Kalgoorlie Nickel Project via a 10% carried interest to production in several leases
known as Siberia Tank.
The leases are Prospecting Licences 24/3179 to 3184 inclusive and Mining Lease
24/665.
The leases are located 15kms north west of Ora Banda and form part of the area that
is the subject of the Heron/Inco feasibility study announced by Heron Resources on
29 March, 2005.
Previous exploration on the leases, including drilling, has identified nickel
mineralisation with reported results over 1% nickel of
14 metres at 1.28% nickel (SRB87)
10metres at 1.36% nickel (SBDC8)
10 metres at 1.35% nickel (SBDC28)
8 metres at 1.13% nickel (SBDC60)
18 metres at 1.23% nickel (SBDC65)
16 metres at 1.18% nickel (SBDC75)
The ultimate participation of Impress Ventures in any mining operation will be
established by the results of the feasibility study and any subsequent decision to mine.
Please refer to announcement made by Heron Resources Limited (ASX Code: HRR)
to the ASX on 29 March 2005 in respect to the above.
For further information, please contact Douglas Jendry, Managing Director on
(08) 9214 250
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