🕐27.01.10 - 06:23 Uhr
WESTERN DESERT commences drilling at EAST ROVER GOLD/COPPER PROJECT
ASX ANNOUNCEMENT
27 January 2010
WESTERN DESERT & TNG commence drilling at EAST ROVER GOLD/COPPER PROJECT
Western Desert Resources Limited (ASX code "WDR") and TNG Ltd (ASX code
"TNG") are pleased to announce that drilling has commenced on the East
Rover gold/copper project near Tennant Creek in the Northern Territory.
The first drillhole is located at magnetic anomaly C5 (see Figure 1 in full
Announcement).
Reverse Circulation drilling will be used to test eight
magnetic targets within the northern portion of EL25581.
The programme
should be completed within 2-3 weeks and follow-up diamond drilling will be
undertaken on any targets which show promise.
The project area lies immediately to the east of the Rover field where
Westgold Resources and Adelaide Resources have announced high-grade gold
and copper intersections in magnetic ironstones.
WDR has a farm-in agreement with TNG over two granted exploration licences
(EL24471 and EL25581) and two exploration licence applications south of
Tennant Creek in the Northern Territory.
The agreement requires WDR to
spend $500,000 to earn a 51% interest in the tenements.
WDR should complete
the initial spend shortly.
WDR can then elect to spend an additional
$850,000 over 30 months to earn a further 29% share for a total 80%
interest in the tenements.
Click here to download the full Announcement:
http://esp.gewru.com/download/files/12414/1061603/20101027%20-%20Drilling%20commences%20at%20East%20Rover%20Gold-Copper%20Project.pdf
For further information please contact:
Norm Gardner
Managing Director
T: (08) 8177 8800
E:
Felicity Nuttall
Professional Public Relations
T: (08) 9388 0944
M: 0430 184 599
E:
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