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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.

Tuesday, May 18, 2010

Cortona Resources hits multiple high grade gold Lodes at Dargues Reef

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Cortona Resources (ASX: CRC) has received further significant high-grade results at its 100%-owned Dargues Reef Gold Project in New South Wales, with the first drill hole into the Dargues Deeps exploration target intersecting a lode confirming depth potential.

The diamond drill hole (DREX225) intersected multiple high grade gold lodes between 300m and 400m vertical depth, including 8.9m @ 15.2g/t, 11.3m @ 12.4g/t, 5.3m @ 6.8g/t and 8m @ 7.7g/t.
 
The results confirm the continuity of high grade structures parallel to the Main Lode, and are expected to increase the current JORC resource of 1.44Mt @ 6.2g/t gold.

In addition, the Phase Two ‘step-out’ drilling targeting beneath the existing resource has intersected 2 lodes approximately 200m below the previous deepest holes.

Cortona said one of these intercepts measures 6.5m and confirms mineralisation at Dargues Reef extends to significantly greater depths than previously identified. The company said its plan is to wedge four or five daughter holes off this first hole.

Peter van der Borgh, chief executive officer, commented “it looks like the successful Phase One
drilling is putting upward pressure on the current resource, which is a great outcome as we move into the deep exploration drilling program. Our target of +500,000oz is realistic and on track."

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