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Thursday, March 26, 2009

Resource stock updates

ASX resource company drilling updates -

MZM (MONTEZUMA MINING COMPANY LTD) 2009-03-26:
Montezuma Mining Company announced that Auvex Resources and Hitec Energy have announced a significant increase to the global manganese Resource at the Ant Hill deposit in the Pilbara region of Western Australia. It is estimated that the revised Resource covers approximately 30% of the known deposit at Ant Hill and excludes the Sunday Hill deposit where there is an additional JORC Resource of 4.7Mt @ 18.4% Mn. New global JORC Resource calculation for the Ant Hill manganese deposit yields a four fold increase to 4.911Mt @ 20.3% Mn and 25.4% Fe using a 10% Mn cut-off.

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