Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Global Metals Exploration finds nickel/copper zone in WA  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 09/10/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) Global Metals Exploration (ASX: GXN) has discovered a zone of nickel and copper enrichment from its phase one drilling program at the Mt Venn project in Western Australia.

Mineralised zones of copper up to 0.29% and nickel of up to 0.089% were intersected in a differentiated sill.

The company had drilled five reverse circulation holes were drilled to test four geophysical anomalies, three of which were located in the Mt. Venn Gabbro Complex.

This will now be followed by the second phase of drilling into a target generated during recent desktop analysis of the historic data from Helix Resources (ASX: HLX), which shows a 1.5 kilometre long soil anomaly containing up to 2,000ppm copper.

This is adjacent to a 850 metre-long VTEM anomaly.

Global will use air core drilling rather than reverse circulation drilling initially due to the size of the anomaly and will follow up with reverse circulation drilling if warranted.

The company is also poised to carry out a large scale Heritage Survey over a large number of gold anomalies identified by soil sampling at the Jutson Rocks prospect.

 






  MENA News Headlines


 
Live Currency Rates






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help