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DEEP YELLOW LIMITED Thursday, November 19, 2009 Deep Yellow Limited updated drill results in projects in the Mt Isa District in Queensland, Australia. The Mount Isa district 2009 RC programme currently totals 155 holes for 22,138 metre drilled and 6,850 samples collected. RC drilling programmes have been concluded at Isa West and Queens Gift. RC drilling at Slance NW has commenced and the Leichhardt JV programme is expected to commence in November and finish before mid December. Diamond drilling at Queens Gift and Ewen is also expected to be completed at the same time weather permitting. From Isa North, Queens Gift Prospect, best results include 38 metre at 426 ppm U3O8 from 197 metre. Downhole gamma results (eU3O8) from RC drilling on the Slance NW Prospect has returned significant mineralisation, namely, 28 metre at 1,074 ppm eU3O8 from 107 metre and 15 metre at 661 ppm eU3O8 from 155 metre. At Isa West, the second phase of RC drilling is now complete. Of significance are the final deep intercepts at ± 200 metre vertical depth at the Thanksgiving and Bambino Prospects. Thanksgiving Prospect intersections include, 18 metre at 454 ppm U3O8 from 246 metre and from the Bambino Prospect intersections include, 15 metre at 509 ppm U3O8 from 194 metre. Property: ISA WEST and MT ISA DISTRICT / SHERRIN CREEK (Complete Text of Nov 19, 2009 News Release)
CALLABONNA URANIUM LTD. Thursday, November 19, 2009 Callabonna Uranium announced the grant of its Denison Licence (EL 27181) located in the Arunta Region, Northern Territory, Australia. The Arunta project is part of a prospective package of licences held by Callabonna Uranium. A reconnaissance exploration program of the project is planned to investigate and confirm the uranium and REE potential, identify areas for further work and generate drill targets. Property: ARUNTA (CALLABONNA) (Complete Text of Nov 19, 2009 News Release)
CENTREX METALS LIMITED Thursday, November 19, 2009 Centrex Metals Limited announce that the Australian Foreign Investment Review Board has approved without condition the investment by Baotou in Centrex. Under the iron ore joint venture Baotou will pay a total of up to A$40,000,000 into a joint venture account to earn a 50% interest in the iron ore rights to Centrex’s mineral tenement EL3610 located 9 kms north of Cowell on Eyre Peninsula, South Australia. Property: BUNGALOW (Complete Text of Nov 19, 2009 News Release)
MARMOTA ENERGY LIMITED, PLATSEARCH NL and TECK RESOURCES LIMITED Thursday, November 19, 2009 Marmota Energy Limited announce that high levels of uranium continue to be intercepted from drilling at its new uranium prospect on the Junction Dam uranium project in northeastern South Australia. In drilling completed last week, three more holes returned peak eU3O8 grades of more than 1000 ppm. The best hole was JDRM0121, in which a high grade intercept returned a peak grade of 3226 ppm eU3O8 (13040.8 counts per second). This hole is 200 metres south of the previous weeks high grade intercept of 7551 ppm eU3O8 (30,519.60 counts per second) in hole JDRM0118. Other drill holes that returned large distinct peaks of above 1000 ppm eU3O8 from the downhole gamma tool include holes JDRM0111 and JDRM 0120. Marmota has the right to earn 51% interest in the uranium rights from Teck Australia Pty Ltd, PlatSearch NL and Eaglehawk Geological Consulting Pty Ltd. Property: JUNCTION DAM (Complete Text of Nov 19, 2009 News Release)
MINERAL RESOURCES LIMITED and REED RESOURCES LTD Thursday, November 19, 2009 Reed Resources Ltd and joint venture partner Mineral Resources Limited, continue to advance the Mount Marion Lithium Project in Western Australia towards a 2010 production start-up, with metallurgical test work yielding positive results and a resource definition drill program to extend the current resource underway. The reported mass recovery to concentrate was 34% vs targeted 20% at target concentrate grade of +6.5% Li2O. The company has commenced Phase 1 of its Resource Definition drill program, targeting a Mineral Resource of 7-8 Mt of spodumene pegmatite at a grade of 1.3-2.0% Li2O. The drilling is expected to be complete by the end of November. Property: MOUNT MARION LITHIUM (Complete Text of Nov 19, 2009 News Release)
XTIERRA INC. Thursday, November 19, 2009 Xtierra announced that it has entered into an Option and Sale Agreement with Indo Gold Limited for the option and sale of the silver-rich Laguna Pedernalillo transported tailings deposit located near the town of Guadalupe in the State of Zacatecas, Central Mexico. Property: LAGUNA (PEDERNALILLO) (Complete Text of Nov 18, 2009 News Release)
ILUKA RESOURCES LTD Thursday, November 19, 2009 Iluka Resources Limited advises that its Jacinth-Ambrosia project, located in the Eucla Basin, South Australia has achieved first production of heavy mineral concentrate. The project has been completed ahead of schedule, with capital expenditure expected to be less than A$390 million, compared with an approved budget of A$420 million. Property: EUCLA BASIN (JACINTH-AMBROSIA) (Complete Text of Nov 19, 2009 News Release)
FAIRSTAR RESOURCES LTD. Thursday, November 19, 2009 Fairstar Resources provided an update on exploration activities at the Mahendra’s Find Iron Project, Western Australia. A trenching and costeaning program designed to identify drill targets has been completed. The program returned positive indications of the existence of high grade haematite. A maiden drill program is planned to commence by the end of the month. Property: KURNALPI-RANDALLS-MAHENDRA (Complete Text of Nov 19, 2009 News Release)
AVALON MINERALS LTD Thursday, November 19, 2009 Avalon Minerals provided an interim update on the drilling program currently underway on the Viscaria copper project, Sweden. A total of 2,384.3 m of diamond drilling and 2,513 m of reverse circulation drilling has been completed since mid year. Assays for most of the drilling are yet to be submitted for analysis. The program was designed to test the following; shallower southerly extensions to the ‘A’ Zone; the potential to join the ‘A’ Zone South and the ‘A’ Zone North copper resources; extensions to the ‘A’ Zone South at depth and to the south. Property: VISCARIA (Complete Text of Nov 19, 2009 News Release)
REPUBLIC GOLD LIMITED
Thursday, November 19, 2009 Republic Gold announced it has received initial metallurgical testwork results from samples of diamond drill core from the Amayapampa Gold Project, Bolivia. The testwork was conducted using a unique gravity and intensive leach technology. Primary mineralisation recoveries were consistently high and indicated that at a 15% concentrate yield by weight the average metallurgical recovery increased over the previous average recoveries by 3.5% to 86.6%. Oxide metallurgical recoveries were more variable, as experienced in the earlier testwork, and the average recovery dropped by 1.6% to 82.8%. Property: AMAYAPAMPA (Complete Text of Nov 19, 2009 News Release) AUSTRALIAN NEWS ON THE WEB
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