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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, 11:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

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Wednesday March 17, 03:46Access Pharmaceuticals’ Cobalamin oral platform could offer new way to administer insulin

This morning, Access Pharma reported that two independent animal studies confirmed earlier findings that Cobalamin offers significant bioavailability of orally delivered insulin

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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.

Tuesday, February 09, 2010

More positive results on copper-gold project for high-flyer Sandfire Resources

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Ross Lothean, Mineweb.com

Shares in Sandfire Resources closed yesterday 18 cents up at $A3.60 ($US3.12) as a prelude to the company preparing its first JORC Code resource for the Doolgunna project north of Meekatharra in the north Murchison region.

There has already been a lot of number crunching by analysts with some of the more excitable suggesting their may already be 500,000 tonnes in the deep-seated lenses.

Apart from today's results the rumour machine is still running strongly on speculation this junior which has had a rapid rise from being a penny stock less than eight months may be a takeover target. One of the names constantly mentioned is the cashed-up OZ Minerals Ltd.

The latest results will also provide fresh adrenalin for several explorers who hold ground at or near Doolgunna, which until this discovery was an old gold mining camp of little consequence.

The assays released today included a series of new holes into Conductor 1 and the Degrussa lens at Doolgunna.

Better assays from Conductor 1 included 6.8 metres grading 14.8% copper and 1.7 grams/tonne gold; 31.4m @ 4.6% Cu and 2.1 g/t Au; 25.9m @ 4.7% Cu and 2.2 g/t Au, 21.9m @ 6.3% Cu and 0.9 g/t Au and a hole with 20m @ 4.8% Cu and 0.8 g/t Au followed by 14.9m @ 4.7% Cu and 1.9 g/t Au.

A high grade intercept from DeGrussa was 2.1m @ 17.8% Cu and 7.5 g/t gold.

Managing director Karl Simich said generating the maiden resource estimate "is on track for this month."

He said the entire 2009 drilling data base for the DeGrussa deposit encompasses 88 diamond holes, completed between early July and December 22 last year.

Simich said the company would increase exploration for additional VMS deposits near Conductor 1 and DeGrussa, including the Conductor 4 deposit picked up late last year.

The company believes, like the Canadian VMS mining models, that there is potential to discover multiple deposits on the exploration licences.

Well known Australian mining manager Martin Reed, who has helped develop several mines in Australia and southern Africa, has been appointed project manager.

www.mineweb.com

 

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