Sydney, Feb 5, 2008 (ABN Newswire) - Gunson Resources Limited (ASX: GUN) announces that Diamond drilling has commenced at the Chianti Prospect, one of several highly prospective areas that lie within the 1,470 square km Mount Gunson Copper Project in South Australia.
The drilling program at Chianti Prospect will test at least one of several Induced Polarisation (IP) geophysical anomalies defined over the previous 2 months, for iron oxide associated copper-gold mineralisation in basement rocks. Drilling of other iron oxide associated copper-gold targets beyond Chianti Prospect is also budgeted.
Recent exploration at Chianti Prospect has been very encouraging and the IP targets listed below have not been tested by previous drilling. Thus, testing them is a high priority. Chianti Prospect is situated 20kms west of Teck Cominco's Carrapeteena Copper Prospect and 100 km south of BHP Billiton’s Olympic Dam mine.
Broadcaster: Gunson Resources Limited (ASX: GUN)
Audio webcast Link:
http://abnnewswire.net/alnk/2UG30899
Listen to the Audio stream and view the announcement for Gunson Resources Limited (ASX: GUN) below.
http://abnnewswire.net/vlnk/V68W2972
Noranda Pacific Pty Ltd, a company within the Xstrata Copper Business Unit, has the right to earn a 51% interest in the Project by spending $3.5 million on exploration within 3 years of 15th June 2006. By the end of December 2007, Noranda Pacific had spent A$1,124,764.
About Strandline Resources Limited
Strandline Resources is an Australian Stock Exchange listed company (ASX:STA) (OTCMKTS:STQNF) is a Tanzanian-focused mineral sands developer positioned within the world’s major zircon and titanium producing corridor in South East Africa. Strandline has a dominant mineral sands position with a series of 100% owned projects spread along 350km of the Tanzanian coastline.
Strandline’s strategy is to develop and operate quality, low cost, expandable mining assets with market differentiation. Leveraging off the exploration success of 2016, the Company’s focus is to continue its aggressive exploration and development strategy to progress economically attractive projects based on high unit value titanium and zircon products.
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