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Thursday, May 28, 2009

Resource stock updates

ASX resource company drilling updates -

GXY (GALAXY RESOURCES LIMITED) 2009-05-27:
Galaxy Resources announced a new resource statement for the Mt Cattlin Lithium-Tantalum project near Ravensthorpe, WA. The Company announced that the new total resource estimate shows an increase of 17% or 2.06Mt from the previous resource statement; measured and indicated categories of the resource have increased by 24% or 1.82Mt; overall lithium grades have increased by 8%; and total Lithium oxide (Li2O) contained tonnes increased by 26%.

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