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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.

Wednesday, March 24, 2010

Cortona Resources commences phase 2 drilling at Dargues Reef Gold Project

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Cortona Resources (ASX: CRC) has reported that the Phase 2 drilling campaign has commenced on schedule at its 100%-owned Dargues Reef Gold Project in New South Wales.

Drilling will focus on the “Dargues Deeps” zone, aiming to extend the existing resource at Dargues Reef by up to 250m down plunge with the potential to significantly add to the existing resource estimate of 286,000oz @ 6.2g/t Au.

The latest drilling included Hole 193, which intersected 22m @ 5.74g/t Au (including 10m @ 8.70g/t Au and 4m @ 0.9% Cu). Hole 182, a shallow hole on the eastern end of the resource, intersected 17m @ 6.27g/t Au including 4m @ 15.1g/t Au, which appears to be significantly broader and higher grade than predicted by the resource model. Both holes have the potential to upgrade the existing resource.

“Our resource reserve drilling is proceeding really well, with almost every hole to date intercepting mineralisation that is in line with, or better than, our resource modelling – confirming the continuity of the mineralisation and the robust nature of the deposit as a mining proposition,” Cortona Managing Director Peter van der Borgh commented.

”The deep drilling beneath the resource also offers us very exciting exploration upside and we remain confident that a significant resource upgrade is very much on the cards for mid-year,” van der Borgh continued.

The Phase 2 drilling will comprise a parent hole with five or six ‘daughters’ wedged from it, and is expected to be completed by mid June.

Recent drilling has significantly enhanced the prospectivity of the Dargues Deeps zone, with the latest drill hole, DREX227 passing through welldeveloped mineralisation above the Dargues Deeps zone over a length of approximately 30m in the Main Lode position, 500m beneath the surface.

While assay results for this hole are pending, the scale of the mineralised intercept indicates that the potential for extending the lode remains high.

The company said that the deep parent hole will test several targets at varying depths en route to the Main Lode target. These targets include Thompsons South, Thompsons and New Lode, all of which fall within range of the Dargues development.

Cortona has also reported new significant high-grade gold intersections from the Phase 1 resource reserve drilling.

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