Extract:
QUARTERLY ACTIVITIES REPORT
FOR PERIOD ENDING
30th June, 2007
HIGHLIGHTS
• INTERIM INFERRED RESOURCE COMPLETED
The resource has been estimated using the recently validated historical data in addition to data derived from the Company’s own drilling and has been estimated to an average depth of 80 metres over a 1.4 km strike length at Anomaly ‘A’
• SCOPING STUDY COMMENCED
Coffey Mining (geology/mining) and Independent Metallurgical Operations (processing) were engaged to complete a scoping study utilising the Interim Resource model and RC samples.
• GOANIKONTES ANOMALY ‘A’ MINERALISATION EXPANDED
Strike of Anomaly ‘A’ extended from 1.7 km to 2.3km
High grades intercepted 800m south of Anomaly ‘A’ resource:
GARC065 - 36m @ 604eppm
• DRILLING AT GOANIKONTES CONTINUES
RC Drilling: 33 holes, GARC44 – GARC77, completed and 13
holes extended for 10,089m. 100m x 100m first
pass resource drilling continues".
http://www.asx.com.au/asxpdf/20070731/pdf/313r34fx5sv9m6.pdf
quarterly report
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