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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX:SFR
News: Latest news
Web Site: Sandfire Resources
Other Articles: 25-02-201023-02-201022-02-2010

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Tuesday March 16, 09:00Mercator Gold raises £422,500 through placing

The company has placed shares with institutional and ultra high net worth investors, and the proceeds will allow it to develop existing projects and pursue new projects of merit

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Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Sandfire Resources

Sandfire Resources

During the first half of 2009, Sandfire Resources (ASX: SFR) announced a major high-grade copper-gold discovery at its 100%-owned Doolgunna Project, located 130 kilometres north of Meekatharra in Western Australia.  The company is focusing most of its resources on progressing this new discovery.

The company's project pipeline includes advanced manganese projects and a provincial-scale base metal exploration opportunity at Borroloola in the Northern Territory, a lead-zinc-silver exploration project at Sandfire near Broome in Western Australia, and base metal, uranium and gold exploration projects at Yannarie and Urandy in Western Australia.

Friday, November 27, 2009

Sandfire Resources receives more good news from Doolgunna in WA

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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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