promising . . . , page-6

oz minerals

Continue to explore in Cambodia to:

•Define an initial gold resource by Q1 2010

•Rapidly evaluate district potential; targeting 2Moz+ gold−




Cambodia

− Aim to define a resource at Okvau by Q1, 2010. (“Foundation Resource”)

−Five other nearby gold targets to be tested during 2009/10. Initial target see potential for +2.0 Moz.−Longer term

-“Multi million oz district play”












Gold still shines despite denting from Dubai
BARRY FITZGERALD

TRANSOL Corp (ASX:TNC) has many strings to its bow, including the recent push into biogenic methane enhancement - a process that speeds up the natural process of coal seams bleeding off methane.

It is one of a number of technology levers that we will be hearing more about in years to come as the coal seam gas sector sets itself up to replace power generation from coal, as well as competing with natural gas for gas export markets.

But Garimpeiro's interest in the stock - apart from a share price of 1.2¢ and a market value of $12.6 million - is in its gold interests in Cambodia, of all places.

It's a virgin country in terms of Western world exploration expertise but is now opening up, hoping to attract the sort of mining investment that its northern neighbours Laos and Thailand have secured in recent years.

Cambodia's gold potential has been highlighted to the local market by OZ Minerals. It's got a discovery up there that it is expected will eventually shape up as a multimillion-ounce find with development potential.

We will hear more about the future of OZ's Cambodian gold ambitions today when its new managing director, Terry Burgess, unveils his plans for the company after 100 days in the job.

Transol will be more interested than most in the OZ briefing as it has a big chunk of exploration ground right next door to OZ's Cambodian find.

An address next door to a multimillion-ounce gold discovery is always good news, particularly when the address is in an emerging gold province, not one already picked over to death.