OXR oxiana limited

OXR report 38 +1.5

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    OXR - OXIANA RESOURCES NL - OXIANA FPO Live Quote | Announcements | Chart | Profile

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    N/A 0.380 + 4.11 N/A N/A 0.365 0.370 0.365 2,868,102






    Announcements


    Date Time Issuer Part Headline Market Flag
    12/06/02 N/A OXR N/A Sepon Copper Project - BFS Drilling N/A

    DRILLING PROGRAMMEOxiana has completed an in-fill and extension drilling programme atthe Khanong copper deposit as part of the Copper Bankable FeasibilityStudy (BFS). The Khanong deposit is a near surface high gradesupergene chalcocite and oxide copper resource.RESULTSAssay results have been received from a further 33 holes, KHN 213 toKHN 245. These holes were drilled to infill through the core of thedeposit and to test for possible extensions along the northernmargins of the orebody (Figure 1). Better intercepts (>2% Cu)include:HOLE EASTING NORTHING INTERCEPT DEPTH METCODENO FROMKHN213 608147 1875751 18m @ 4.6% Cu 39 metres CCKHN214 608099 1875853 35m @ 7.2% Cu 43 metres CuOKHN215 608104 1875802 9m @ 2.1% Cu 47 metres CCKHN216 608201 1875836 31m @ 4.5% Cu 20 metres CCKHN217 608202 1875897 52m @ 8.5% Cu 21 metres CC,CuOKHN218 608261 1875912 33m @ 7.9% Cu 25 metres CCKHN219 608299 1875798 29m @ 4.3% Cu 10 metres CCKHN220 608300 1875851 33m @ 7.5% Cu 13 metres CC,PRKHN221 608303 1875973 27m @ 7.2% Cu 28 metres CCKHN222 608319 1876028 38m @ 6.9% Cu 5 metres CC,CuOKHN224 608528 1876075 63m @ 6.5% Cu 14 metres CCKHN225 608499 1876122 48m @ 5.1% Cu 36 metres CC,CuOKHN226 608401 1876095 16m @ 8.1% Cu 54 metres CC,CuOKHN227 608544 1876162 31m @ 3.2% Cu 55 metres CC,PRKHN228 608499 1876202 5m @ 2.3% Cu 70 metres PRKHN230 608396 1876194 5m @ 2.7% Cu 52 metres CuOKHN236 607700 1875643 14m @ 6.6% Cu 35 metres CCKHN237 607700 1875695 42m @ 13.3% Cu 31 metres CuOKHN243 607599 1875644 37m @ 2.1% Cu 24 metres CCKHN244 607930 1875794 17m @ 5.5% Cu 21 metres CC,CuONote: sample interval is 1 metre; intercepts are weighted averagescalculated using a 0.5% copper cut-off grade; maximum internal wasteis 2 metres; metcode CC = chalcocite, CuO = copper oxide, PR =primary; all holes are vertical.Full results will be published when all assays are received. Arevised resource estimate will then be completed.O L HegartyMANAGING DIRECTORNote: Within this statement references to resources and explorationresults have been approved for release by Tony Manini B.Sc (Hons),F.Aus.IMM who has more than five years experience in the field ofactivity concerned.A copy of the full announcement including diagram is available in PDFformat on www.asx.com.au. Alternatively it is available for purchasefrom ASX Customer Service on 1 300 300 279.ends - AAP









 
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