MEE metex resources limited

MEE Metex 20.4% of EDN Elkedra

  1. 404 Posts.
    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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