LIN have completed 4 RC drill traverses consisting of 27 holes totalling 1876m to test the Platinum-Nickel project associated with the Dinguiraye intrusive, in the central part of Guinea.
The results demonstrate elevated levels of Pt-Ni-Co forming laterally continuos zones with in the laterite. Given the extent of the anomolies, approx 25km length in total, it is considered there is potential to form an economic mineralisation in the project area.
Strangely, no grades were reported but talks have begun with various parties to discuss a possible farm-in to fund the next phase of exploration of the area.
Current SP 9.5c
Shares on Issue 43.5m
12mth High/Low 38c/6c
Cash at Hand $2.2m
Expenses this Quarter $125k
Interestingly, newly appointed Non-Executive Director, Paul Jurman, has been granted 350,000 unlisted option exercisable @ 35c expiring 30 Sept 2010, so shows a possible level of confidence at successful progress in the project.