Mainly for rabbitou, who likes Metex story as much as I do. Following is an announcement from 16/4 from Elkedra Diamonds. With Metex holding 20.4% of Elkedra, it's an even more exciting story. ' A gold ring with a diamond in it?' Company Announcement Drilling contract awarded-Altjawarra Craton Diamond Project ELKEDRA DIAMONDS NL 2002-04-16 ASX-SIGNAL-G HOMEX - Perth MEDIA RELEASE Diamond Explorer, Elkedra Diamonds NL (ASX Code: EDN), today (Tuesday) confirmed that drill testing of a number of high priority targets at the Company's Mt Ultim and Central Craton prospects in the Altjawarra Craton in the Northern Territory was set to get underway at the beginning of May, marking the commencement of the 2002 field season. Mr Max Cozijn, CEO of Elkedra, said that contractors Gorey and Cole of Alice Springs had been awarded the contract for the drilling programs at both areas, "Together the programs comprise over 31 RC drill holes designed to test high priority drill targets over pipe- like aeromagnetic anomalies," Mr Cozijn said. "Of these, five are coincident with crater-like features, one is coincident with recovery of a micro diamond and one is coincident with recovery of a high-chrome chromite." Elkedra also advised that it had received authorisation from the Northern Territory Department of Business, Industry and Resources Development for substantial disturbance over the Company's current twelve granted tenements. At the Company's Mt Ultim target area, a sacred site clearance certificate has been issued by the Aboriginal Areas Protection Authority (AAPA), ground magnetic surveys have commenced and drill access tracks are under construction ahead of drill testing of a total of 6 - 7 anomalies to approximately 100 metres. Following this, approximately twenty-five anomalies will be drilled on the Central Craton target area where AAPA sacred site clearance is nearing completion and negotiations for drill access track construction are being concluded with road works expected to begin in mid-May, Ground magnetic surveys at the Central Craton target are scheduled to commence immediately following drilling at Mt Ultim. "Receipt of the necessary Government approvals to begin exploration on our tenements is an important step forward," Mr Cozijn said. "Elkedra is commencing the 2002 field season with an aggressive exploration program and we look forward to releasing a regular flow of information to shareholders." Elkedra listed on the Australian Stock Exchange in January 2002. Released by: On behalf of: Jan Hope/Nicholas Read Mr Max Cozijn/Dr Linda Tompkins Jan Hope & Partners Chief Executive Officer/Technical Director
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