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Additional Information
Market: ASX
Sector: General Mining
Epic: STB
News: Latest news
Web Site: South Boulder Mines
Other Articles: 16-11-200905-11-200905-11-2009

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Saturday November 28, 08:45Cranswick: capitalising on the current trend of increased demand for British pork

Growing revenue, net income and dividend, coupled with moderate gearing and market specialisation, would present a solid text book investment-grade business. Cranswick ticks these boxes.

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Saturday November 28, 12:40 Walmart is under no illusion that the holiday season will be tough

Walmart plans to lower its cost of doing business at the same time, but this will be a fine balancing act at a time of year when staff costs are normally at their peak.

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Thursday November 19, 07:24Australia approves Sichuan Hanlong Group investment in Moly Mines

Perth-based Moly Mines (TSX/ASX: MOL) has confirmed the Australian Foreign Investment Review Board (FIRB) has no objections to Sichuan Hanlong Group US$200m deal to acquire majority control [...]

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South Boulder Mines

South Boulder Mines

South Boulder Mines (ASX: STB) has a 100% interest in the Duketon Project in Western Australia. The Duketon Belt is located 120 kilometers north of Laverton in Western Australia and is considered prospective for gold, nickel sulphide and base metal mineralization.

South Boulder Mines also has an interest in the Colluli Potash Project located in the Danakil Depression region of Eritrea (Africa) approximately 200kms south east of the Capital Asmara and comprises 906km2; and two key 100% owned fertiliser projects are the Lake Disappointment Potash Project in the Gibson Desert and the Cardabia Phosphate Project in the Carnarvon Basin, both located in Western Australia.

 

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Thursday, November 05, 2009

Extensive gold mineralisation discovered by South Boulder Mines at Terminator

by Proactive Investors company news image

South Boulder Mines (ASX: STB) has followed up a request for a trading halt, with recent aircore drilling at the Terminator Prospect returning high gold grades of up to 22.10 g/t over 2 metres.

In addition, there was a broad zone of gold mineralisation intersected including 64m @ 1.24 g/t from surface.

The market liked the news considerably, as the stock re-commenced trading and was bid higher on the announcement.

Terminator gold prospect is within the Duketon project. The program has confirmed the potential for a significant gold system identified from the initial discovery hole, TBAC111 (37m @ 2.18g/t Au from 1m).

Mineralisation is currently well defined over a 400m strike, and interestingly is open in all directions and occurs within a broader anomalous zone over 3km.

Numerous holes have finished in gold mineralisation: 64m @ 1.24 g/t from surface; including 12m @ 4.13g/t from surface; 28m @ 2.68 g/t from 52m; including 8m @ 7.40g/t from 72m; 6m @ 7.84 g/t from 48m including 2m @ 22.10 g/t from 52m.

Approximately 60% of results from Terminator Program are still outstanding.

Further gold results from Thompsons Bore are to follow.

The Duketon Belt contains highly prospective geological sequences and mineralised structures.  Promisingly, for STB investors, there has been very little systematic drilling within the South Boulder Duketon Gold project to date.

The plus 1.5 million ounce Moolart Well Gold Project is currently being developed by Regis Resources Ltd (ASX: RRL). Once operational this will be only mining operation in the Duketon Belt.

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