sandfire potential

Krucible (KRB)

*Mcap $15m
*Cash $3m
*CEO is largest shareholder/geologist/founder of the company
*CEO has recently been purchasing

The Sandfire Potential:
Potential Company Making Copper/Gold Prospects...

1. Humphries Hill
*IOCGU prospect, possible next Ernest Henry??
*Quarterly report:
"The first diamond hole intersected very encouraging red rock alteration (RRA) as well as biotite / sulphide alteration from about 100 metres to 351 metres (End of Hole). In this 250 metre section there are numerous narrow (5 to 20cms) veins and breccias that contain visible Copper mineralisation(chalcopyrite, bornite and chalcocite) with well developed magnetite alteration.
Krucibles geological interpretation of this core is that it could well have drilled into the peripheral / halo zone of a significant IOCG orebody."

2. Garent
*Copper found on first ever drilling programme last week
*20km south of BHPs Cannington mine
ASX Announcement 5-10-2010

3. Pilgrim
*Close to Humphries - currently drilling

4. Panther
*Krucible has recently carried out a deeper RC percussion drill program (4 holes for 625 metres) to test 3D modelling of a strong magnetic target defined by a ground magnetic
survey. This target is considered to be in highly prospective terrain as it is located 25km SW of Ivanhoes high grade Molybdenum/Rhenium deposit as well as 10km west of the Lucky Luke Copper/Gold deposit.

5. Toomba
*Greenfields discovery in 2009
*27 metres @ 0.40% Copper from 9m includes 3metres @ 2.4% Copper from 12m
*Potential new copper province
*Follow up drilling in 2011

6. Kamaran Downs
*Very prospective IOCGU prospect to be drilled in 2011

Research Report