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Thursday, June 26, 2008

Resource stock updates

ASX resource company drilling updates -

ABU (ABM RESOURCES NL) 2008-06-26:
ABM Resources provided an update on its Erayinia project, reporting that it has commenced an RC drilling program of pre-collars of approximately 1200m. These pre-collars will be used for the next program of diamond drilling which has been planned to test the northern extension of the Northern Lens and follow up drilling at Southern Lens at King.

KZL (KAGARA LTD) 2008-06-26:
Kagara announced that it has received results from the first diamond drill hole of the 2008 drilling program, testing the extensions to the Red Dome gold, copper molybdenum deposit has intersected 63.45m @ 3.14g/t Au from 1,002m in hole 937W4. This intersection is the highest grade achieved during the company's drilling program over the last 2 years and opens up exciting possibilities for the Red Dome system at depth.

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