LKE 2.56% 4.0¢ lake resources n.l.

australian business news

  1. 3,915 Posts.
    Lake Resources: encouraging gold values in Pakistan
    18:13, Thursday, 13 January 2005

    Sydney - Thursday - January 13: (RWE Australian Business News) -
    Lake Resources NL today reported on its exploration activities during
    the December quarter.
    In Pakistan, Lake is exploring for porphyry copper-gold and
    epithermal gold deposits in the Chagai District of Balochistan, which
    hosts the Saindak porphyry copper-gold mine and the Reko Diq copper-gold
    project of Tethyan Copper Company.
    At Lake's Koh-i-Sultan project, field work produced encouraging
    gold values from an extensive breccia and stockwork system capped by
    argillic-altered and intensely gypsum-stockworked rocks.
    TCC reported that initial scout drilling at the Sor Baroot
    Prospect had encountered "very encouraging copper and gold
    intersections".
    The best intersection, 156m at 0.20 per cent copper and 0.14g/t
    gold, was in drillhole SB-02 - this drillhole is located adjacent to the
    eastern boundary of Lake's Dasht-i-Gauran Licence area.
    Field work in northern Argentina continued during
    November-December, targeting porphyry copper-gold and epithermal
    gold-silver deposits in a highly prospective geological environment.
    During the December quarter, Lake held "seed capital"
    investments in Mincor Resources NL, Tethyan Copper Company Ltd, DiamonEx
    Ltd and Andean Resources Ltd.
    ENDS

    Copyright © 2005 RWE Australian Business News. All rights reserved
 
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