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Tuesday, March 24, 2009

Resource stock updates

ASX resource company drilling updates -

ROL (ROBUST RESOURCES LIMITED) 2009-03-24:
Robust Resources announced that it has received results for a further two diamond holes (LWD 23 and LWD 24) drilled in the highly prospective Lakuwahi caldera prospect on Romang Island (Indonesia). Hole LWD 24 intersected a 20m Au zone from 20.75m down hole. The zone has a gold grade of 1.02g/t plus a coincident silver grade of 99.2g/t. (2.46g/t Au equivalent). The intercept is significant in that it now confirms a North East/South West strike direction of over 200m for this identified precious metal zone. The zone remains open in all directions. Hole LWD 23 intersected 9.65m @ 0.55g/t Au and 47g/t Ag from 20.5m incl. 2m @ 1.15g/t Au plus 46g/t Ag from 22.5m. The Company also announced that 75m of significant base metals (Pb/Zn) were also intersected; and that holes LWD 025 (Redrill of LWD 18) and LWD 026 have been completed and assay results are awaited.

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