🕐12.05.10 - 04:50 Uhr
STONEHENGE METALS SECURES 15 NEW APPLICATIONS IN HIGHLY PROSPECTIVE SOUTH KOREAN URANIUM PROVINCE
ASX ANNOUNCEMENT
ASX CODE: SHE
12 May 2010
STONEHENGE METALS SECURES 15 NEW APPLICATIONS IN HIGHLY PROSPECTIVE SOUTH
KOREAN URANIUM PROVINCE
- Stonehenge moves to strengthen its ground position with 15 new tenement
applications at its flagship Daejon Project.
-Historical data on the new application areas includes mapping, sampling
and drilling.
-Applications capture extensions of known mineralisation and will position
Stonehenge to increase resources targets
The Directors of Stonehenge Metals Limited (Stonehenge or the Company)
advise that the Company has applied for 15 new tenement areas at the Daejon
Project, located 25km south of Daejon City in South Korea.
The new
tenements compliment Stonehenges existing Daejon Project tenements and
once granted will allow the Company to expand its future uranium
exploration programs.
The new application areas are strategically positioned in relation to the
Daejon Project and were selected for their potential to significantly
extend the strike length of the current resources and known mineralisation.
The current resources are open along strike and at depth.
The Directors are confident that the new tenement areas can add significant
value to Stonehenges already established uranium resources in South Korea.
Exploration Program
Stonehenge plans to commence an aggressive diamond drilling campaign of up
to 15,000 meters by the end of June 2010.
This exploration program is
expected to expand and up-grade the current resources with initial focus on
the Daejon Project.
Drilling of the area is expected to continue for much
of 2010 and to provide data for a resource up-grade during that time.
To download a full copy of the ASX Announcement including a map of the
tenements, click here:
http://esp.gewru.com/download/files/12414/1160804/20100512%20-%20STONEHENGE%20METALS%20SECURES%2015%20NEW%20APPLICATIONS%20IN%20HIGH.pdf
For further information visit www.stonehengemetals.com.au or contact:
Stonehenge Metals Limited
Bruce Lane (Executive Director)
T: + 61 8 9481 2276
E:
Stonehenge Metals Limited
Simon Fleming (Chief Operating Officer / Executive Director)
T: + 61 8 9481 2276
E:
Media
Felicity Nuttall (Professional Public Relations)
T: + 61 8 9388 0944
E:
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