from Jun qtr activities,... anticipates ... 'decision to mine' status and receipt of the trial mining license, before end 2010.
other projects include Touro Ni Project and Trindad Nth Fe Project (approx 10km from Vales N4-N5 Serra Nth Fe mine - biggest in world 6Bt @ 65% Fe)...
During the current drill programme significant widths of high grade copper mineralisation have been logged in a number of drill holes.
2 months to the day, sp reaches .172,000m diamond core drilling program underway at the Rio Verde Antas Sth deposit hi-grade zone
previous drilling results incl up to 38m @ 7.49% Cu from surface [4m @ 50.6% Cu], 26m @ 5.47% Cu from 18m [4m @ 28.0% Cu], 20m @ 5.12% Cu from 13m [2m @ 34.1% Cu]
as at 30/07, 18 holes for 1,008m completed, with assay results pending
current jorc resource:
Rio Verde Project Antas Sth deposit jorc resource estimate, 7.977Mt @ 0.83% Cu for 66,100t Cu, using 0.3% Cu cut-off [6.254Mt @ 0.71% Cu indicated; 1.723Mt @ 1.27% inferred] – incl hi-grade zone, 0.21Mt @ 11.65% Cu for 24,400t Cu [0.089Mt @ 12.72% Cu indicated; 0.121Mt @ 10.87% Cu inferred]
from Jun qtr activities,
other projects include Touro Ni Project and Trindad Nth Fe Project (approx 10km from Vales N4-N5 Serra Nth Fe mine - biggest in world 6Bt @ 65% Fe)
all projects are in Carajas mineral province, Brazil
current sp 0.021 (note over 200m oppies with exercise price @ 0.015)
current mc (fully diluted) approx $15.7M, cash in bank $4.5M