SED sedimentary holdings limited

Rocking n rolling check it out

  1. 493 Posts.
    SEDIMENTARY HOLDINGS LIMITED 2002-06-06 ASX-SIGNAL-G

    HOMEX - Melbourne

    +++++++++++++++++++++++++
    Sedimentary Holdings is pleased to announce the discovery of new
    high-grade gold mineralisation at Cracow in joint venture with
    Newcrest Mining Ltd.

    Drilling by the Cracow Joint Venture at the end of this fiscal year's
    program has intersected new mineralisation under cover rocks midway
    between Back Creek North and Roses Pride.

    Drill hole CBK 083 recorded the following down hole intersections:

    306-307 metres 1 metre at 1.3 gAu/t
    516.7-523.1 metres 6.4 metres at 10 gAu/t
    530-531 metres 1 metre @ 2.9 gAu/t
    533.9-535 metres 1.1 metre @ 15 gAu/t
    572.4-572.8 metres 0.4 metre @ 5.8 gAu/t

    The mineralisation is a new find. The drill hole targeted the
    intersection of a linear magnetic low and a northerly trending
    structure extrapolated from earlier drilling. A plan and projection
    showing the position of the new find relative to other known
    mineralisation is attached.

    This intersection represents further success in the exploration for
    new high-grade shoots and will be a focus of the drilling program in
    2002/03.

    R B Devereux
    MANAGING DIRECTOR

    For further information, please contact:

    Robert Devereux
    MANAGING DIRECTOR

    or

 
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