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Thursday, August 14, 2008

Resource stock updates

ASX resource company drilling updates -

EXS (EXCO RESOURCES LIMITED) 2008-08-14:
Exco Resources announced that drilling has confirmed the presence of a major new zone of mineralisation on the eastern limb of the E1 North deposit. Ore grade intersections have so far been returned in 5 holes over a strike length of at least 160m. Visual interpretations suggest the presence of significant mineralisation in a further 4 holes. All these intersections occur outside the current E1 North resource model and include: 78m @ 1.27% Cu & 0.43g/t Au from 156-234m; 74m @ 1.68% Cu & 0.47g/t Au from 34-108m; 18m @ 2.38% Cu & 0.13 g/t Au from 68-86m; and 36m @ 1.08% Cu & 0.17 g/t Au from 86-122m. The Company announced that these new results are expected to lead to a sizeable increase in resources at the E1 Camp.

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