CRJ 2007/ 0024 SIGNIFICANT COPPER AND GOLD ASSAYS Copper Range Limited is pleased to announce significant copper and gold intercepts from drilling at its Princess Royal prospect which is part of the Company’s wholly owned EL 3549 Burra South tenement. The prospect is located approximately 12 km south-east of the historic copper mining centre at Burra, South Australia. On 20 July 2007 Copper Range reported encouraging visual mineralisation in the strongly brecciated and altered sediments Assays have now been received for the 12 hole programme. SUMMARY • Assays confirm significant widths of highly anomalous copper and gold mineralisation at either end of the Princess Royal prospect, with best intersections of: • 11m @ 0.98% copper (“Cu”) including 4m @ 2.2% Cu • 20m @ 0.29 g/t gold (“Au”) including 4m @ 0.82 g/t Au from one 4m composite sample. • Mineralisation is open along strike to both the north and south. Mineralisation contained gold and silver in addition to copper. • Most holes did not reach target depth due to difficult ground conditions • Primary target remains to be tested at depth. • Planning for a follow-up drill campaign is currently underway.
If this announcement came out in April we would be looking at 50c per share instead of 25c. Talk about bad timing. Good buying at these levels and when the market settles CRJ should recover to over 40c imo.
May take a few months and followup drill program needs to continue successfully.
CRJ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
