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Tuesday, March 17, 2009

Resource stock updates

ASX resource company drilling updates -

PRW (PROTO RESOURCES & INVESTMENTS LTD) 2009-03-17:
Proto Resources & Investments announced that the Northern Territory Government has now signed the Geophysics and Drilling Collaborations Funding Agreement for the Lindeman's Bore Project with the Proto JV. This agreement will provide $100,000 towards the total cost of a deep drilling program to test conceptual nickel-copper-PGE targets within the Antrim Plateau Volcanics. The Company announced that drilling is to commence shortly to test a coincident magnetic/gravity "bulls eye" anomaly; and at Lindeman's Bore geophysical surveys have generated a conceptual Nickel-Copper-PGE "Norilsk Style" target within the Antrim Plateau Volcanics.

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