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Thursday, June 25, 2009

Resource stock updates

ASX resource company drilling updates -

AGS (ALLIANCE RESOURCES LIMITED) 2009-06-25:
Alliance Resources announced a major expansion of the Inferred Mineral Resource, classified in accordance with the JORC Code, for the Four Mile Uranium Project in South Australia. With Alliance's newly completed initial mineral resource estimate for the Four Mile East deposit, the total mineral resource inventory has increased by more than 90% to 61Mlbs U3O8 at an average grade of 0.35% (3,500ppm) U3O8. Production at Four Mile currently scheduled to commence in January 2010 and is expected to ramp up to a targeted rate of 3Mlb U3O8 per annum.

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