CRC (CORTONA RESOURCES LIMITED) 2008-10-22:
Cortona Resources announced that it has completed an updated resource estimate for its Dargues Reef Gold Project, located 60km east of Canberra in NSW. The Company announced the updated Indicated and Inferred resource estimated: 1.44Mt @ 6.2g/t Au for 286,000 contained oz; Resource grade almost doubled from 3.4g/t Au to 6.2g/t; excellent potential to further increase the resource, which remains open in several areas; diamond drilling at depth below "Plums Lode" intersects 30m zone of mineralisation - assays pending; and preliminary economic assessment underway as the basis for a full Feasibility Study.
Thursday, October 23, 2008
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