Cullen Resources has unveiled high-grade zinc discovery, which intercepted 8.98% zinc over 3 m at a huge sulphide zone in the TL property.
This property is situated in British Columbia’s south-east metal district in Canada. The company has observed highly anomalous rhenium and molybdenum in the trench sample assay results, along with a maximum of 1339 ppm molybdenum, connected with the zinc-sulphide zone. Also, there are anomalous bismuth, copper, nickel, tin and tungsten concentrations. According to the company, the area has about 15 km of strike of potential stratigraphy and will begin an extensive follow-up exploration campaign.
Kasbah Resources has inked a letter of intent (LOI) with Spektra Jeotek, an international drilling firm, for a 30,000 m diamond drill program. Spektra will be moving three latest diamond drill rigs to the Achmmach tin project of Kasbah in Morocco and the equipment will be at the drilling site and be operational by the next month. Kasbah plans for size extension and resource upgrades at the Achmmach project and targets to hold up to five diamond drill rigs, which will be operational by the fourth quarter of 2011.
Centrex Metals has got endorsement for the mine of the Wilgerup hematite iron ore deposit in South Australia. Wilgerup is expecting to produce direct shipping ore between 1.0 Mt and 1.5 Mt annually for up to 7 years.
Endocoal has completed an A$7.7 million placement from the 19.7 M shares issue. The placement proceeds will completely support a bankable feasibility study, which is planned for an open-cut thermal coal mine of 1.5 Mtpa at the Meteor Downs South property and an aggressive exploration and drilling campaign at other tenements.
Source: http://www.cullenresources.com.au/