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The Australian Stock Exchange added a solitary point today to 5381 with a rise in the banks offsetting a fall in the major miners.
Also it will be a quiet day tomorrow with Wall Street closed for the Thanksgiving holiday.
But what you really want to know is the MARKET ACTION ...
MARKET ACTION
Drum roll .... and the leading nickel explorer today was () which leapt 33% after nickel sulphide was intersected at its at Roe Hills Project in Western Australia.
The new discovery was in hole RHDD0008 which is located just 200 metres south of the previously announced high grade intersection of 11.0% nickel taken from an individual portable XRF machine reading.
This recent drilling intersection also adds to the significant historical results from the Talc Lake Project.
To date 8 diamond drill holes have successfully been completed during the planned definition stage of the exploration at Talc Lake totalling 2888 metres.
What renders today's result interesting
The intersection seems to show that the system is consistent with the company’s so called “cabbage leaf” geological model of Kambalda style komatiite flows.
This significantly expands the projects potential of MPJ making a major discovery as the down plunge extension of the mineralised channel is now 400 metres long.
As Technical Director Neil Hutchison put it: “This is a significant step forward in the company’s progress towards the discovery of Nickel Sulphides at the Roe Hills Project.
"Discoveries are not easy but the geology intersected to date at Talc Lake has all the ingredients required and fits perfectly into the proven “Cabbage Leaf” model that has been responsible for numerous discoveries over the last 15 years by our successful technical team."
Now for the BLUE CHIPS
Big 4 banks
ANZ Bank (ASX:ANZ) up 0.2% to $32.45 () up 0.6% to $81.50 () up 1.4% to $32.93 () up 0.5% to $33.23.
Other banks financials and industrials
() up 1.0% to $5.78 () up 1.5% to $12.42 Bendigo and Adelaide Bank () up 1.2% to $12.90 () down 0.8% to $59.20 Suncorp () down 0.4% to $14.57 () up 1.2% to $5.74.
Major miners
() down 1.6% to $32.00 () up 2.5% to $2.86 Newcrest () down 1.0% to $10.53 (ASX:RIO) down 0.6% to $58.02.
Energy or Oil and Gas
Oil Search () down 2.6% to $8.47 () down 3.1% to $11.61 () down 2.8% to $38.47.
Retailers
JB Hi-FI () up 0.1% to $15.56 () up 0.3% to $42.35 Woolworths () up 2.2% to $31.75.
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