Hitting the electronic media now but I am prepared to wait to see if they hit the anomaly Lash as perhaps they will then be drilling through compressed $100 notes. The U is of some interest as well. Was beginning to write this one off. The potential now is enormous for large gains in 2009.
"Rex Managing Director Steven Olsen said, “This is a spectacular discovery and confirms our original belief that the Yorke Peninsula has the potential to host quality copper deposits. We still have not intersected what we interpret to be the source of a gravity anomaly which drew our attention to Hillside in the first place. The source of this anomaly is where we expect to find the highest concentration of copper, and we look forward to continuing this search in 2009.”
“The high grade uranium was quite unexpected and adds further evidence that the Hillside Project is a very large mineralised system” Mr Olsen said.
The drilling completed by Rex at Hillside has shown that the Project has characteristics typical of an Iron Oxide Copper Gold (‘IOCG’) deposit such as Olympic Dam and Prominent Hill, with the potential for large scale copper, gold and uranium mineralisation."
http://www.proactiveinvestors.com.au/companies/news/639/rex-mineral-has-high-grade-copper-gold-drill-results--0639.html
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