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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	SFR
Latest Price:	7.80 (4.14% )
52-week High:	8.52
52-week Low:	5.62
Market Cap:	1,176.86M

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Sandfire Resources

Sandfire Resources (ASX: SFR) is an Australian minerals exploration company focused on generating value through the discovery of a new generation of quality mineral deposits.

The Company had its genesis in the consolidation of a portfolio of tenements in Western Australia and the Northern Territory secured by one of Australia’s most successful prospecting geologists, the late Mr Graeme Hutton.

Sandfire Resources receives more good news from Doolgunna in WA

Friday, November 27, 2009

Emerging copper company Sandfire Resources NL (ASX: SFR) has received assay results from Conductor 4, located immediately adjacent to the DeGrussa and Conductor 1 deposits, indicating potential for a high grade Volcanogenic massive sulfide (VMS) deposit.

The second batch of assay results from Conductor 4 returned an intersection of 17.7m grading 5.4% copper and 1.9g/t gold, 1.2% Zn and 12.9g/t Ag from a down-hole depth of 629 metres in hole DGDD-035.

Further drilling is underway to test down-plunge extensions of Conductor 4 deposit, which is 200 metres east of DeGrussa.

Assay results have also been received from a further eight drill holes at Conductor 1, confirming the high-grade and broad widths of mineralisation within this deposit including: 6.8m @ 10.9% Cu, 3.4g/t Au and 23.3m @ 3.4% Cu, 1.5g/t Au (DGDD-039); 37.6m @ 3.0% Cu, 1.8g/t Au (DGDD-041) and 23.4m @ 4.1% Cu, 1.4g/t Au (DGDD-045).

Coffey Mining has been engaged by the company to calculate an initial JORC resource for the DeGrussa and Conductor 1 deposits, due in Q1 2010.

Sandfire investors have enjoyed an ebullient year, the share price rang in the new year at 8.5c, currently the shares are trading at $3.85.

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