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Additional information
Additional Information
Market: ASX
Sector: Gold Mining
Epic: ASX:CRC
News: Latest news
Web Site: Cortona Resources
Other Articles: 18-05-201013-04-201024-03-2010

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Saturday September 04, 06:00Serving up support at Babcock

Support services have been among the worst performing sectors over the past month as revenue fears from the government’s austerity measures weigh heavily on the sector.

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Friday September 03, 11:40 Goldcorp snatches Andean Resources in $3.6bn deal, trumping Eldorado`s earlier bid

Both companies are vying for Andean`s Cerro Negro gold project, which is an advanced-stage, high-grade vein system, comprising 215 square kilometers. It currently has indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver, while inferred resources total 523,000 ounces of gold and 3.12 million ounces of silver.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Cortona Resources

Cortona Resources

Cortona Resources is a junior gold explorer with a small market capitalisation who maintain exposure to growing gold resources that present significant exploration upside.

Monday, March 15, 2010

Cortona Resources shares surge on extended high-grade gold resource at Dargues, NSW

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Cortona Resources shares surge on extended high-grade gold resource at Dargues, NSW

Cortona Resources (ASX: CRC) has reported that latest resource drilling has returned significant high-grade gold intersections both within and outside of the current 286,000oz resource at its 100%-owned Dargues Reef Gold Project in New South Wales.

The latest Reverse Circulation (RC) and diamond drilling included diamond hole 221, which intersected 12m @ 16.4g/t Au (including 3.5m @ 44g/t Au), 5m @ 15.6g/t gold (with 3m @ 0.27% Cu), 3.5m @ 12.7g/t gold (with 0.3% Cu), and 11m @ 4.3g/t gold, indicating the potential to increase the current resource of 1.44Mt @ 6.2g/t Au for 286,000oz.

“These are great results which continue to reinforce the thickness, continuity and grade of the gold mineralisation at Dargues,” said Cortona’s Managing Director, Peter van der Borgh.
  
“The presence of coarse gold associated with quartz veining is very significant suggesting that we may have discovered a bonanza lode within the Dargues mineralised system,” van der Borgh said.

"This is similar in the style of mineralisation exploited by the old timers in the district where records show that these quartz rich lodes graded up to 10 ounces per tonne."

The three reported diamond holes have intersected multiple mineralised lodes both within and outside of the current stope designs with the potential to further expand the mineable resource.

A further recent diamond hole (#226) has intersected coarse visible gold associated with narrow quartz veining on the margin of a sulfide lode. The results for this hole and several others are pending.

Cortona Resources shares rose 12% to 14 cents in trading today.

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