I've got a habit of selling too early. This time I intend to hold on for a while. My father and brother-in-law have also bought reasonable stakes. The Maitland Channel Project is very large indeed. It will be interesting to see what the results are like. Nova, Redport and BHP are fairly close by in relation to their WA uranium interests. I also wonder how far advanced VMS is in finding additional projects. Considering that key personnel have African experience, I wouldn't be surprised if they get some uranium projects going in AFrica, but this is only my opinion.
CRI - Critica Limited
- Thread starter yogi-in-oz
- Start date
Caliente
Black Gold!
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hi ken, looking that way, but volumes aren't encouraging as of yet. as kevro was saying, the stock is as if attached by elastic to hover around the 30 cent mark.
"Once they start drilling it will be off to the races. I hear samples from the WA project are also due any day now."
hi kevro, could you please elaborate on this one. thanks!
"Once they start drilling it will be off to the races. I hear samples from the WA project are also due any day now."
hi kevro, could you please elaborate on this one. thanks!
Good morning All,Ken said:
VMS Churchill Dam Project is located in the Olympic Dam Province in SA and will commence drilling shortly on it. Monax's |Punt Hill discovery isn't too far away and VMS is searching for Olympic Dam style deposits. Over 1.5 million shares were traded on Friday which is roughly 6% of the shares that are freely available (ie. not in escrow). Credit Suise has recently emerged as a significant shareholder.
As always, do your own research before buying/selling.
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i work in mining and came across this one and think the upside is looking great. I like the fact they have diversity (4 different projects and have a broad range of potential commodities) and they have 100% interest in all projects. Credit Suisse imo is also fairly conservative, and them becoming substanital holders is a bullish sign. This stock seems to have found new resistance between 28-30cps and it's awaiting the next announcement to push it up even further. I'm guessing that will happen very soon.
A 12k x 4km anomoly is huge! Drilling soon...
A 12k x 4km anomoly is huge! Drilling soon...
The Churchill Dam Project (528 sq kms), part of Venture's Gawler Craton Project, is situated within the Olympic Dam IOGU Province, approx 90 kms sothwest of the Olympic Dam IOGU deposit and approximately 95 kms west of the Carapateena and Punt Hill (Monax) IOGU prospects. The main target is a large untested gravity anomaly in the centre of the prospect which has been referred to in previous posts.maverick11 said:
As always, do your own research before buy/selling.
I should also mention that VMS also has the Maitland Channel Project which covers over 125 kms of the tertiary channel system along strike from the Lake maitland (Redport), Lake Way (Nova Energy) and Yeelirrie (BHP) calcrete-hosted uranium deposits.greggy said:
I m looking to take a sizable position in vms on any weakness in the sp. I lll give it a few days and hope the sp trades down on lack of news. Hopefully drilling will be delayed a little longer and some punters will get restless.
This one looks the good to me.
This one looks the good to me.
I bought into VMS around the 24-25c mark. I feel that this stock has great potential. I tried to buy Monax when it was in the mid 30s, but missed out. VMS has great prospects in both SA and WA and has $4.96 million in cash as at the end of Sep 06. It is also looking at acquiring uranium intersts internationally.Sham said:I m looking to take a sizable position in vms on any weakness in the sp. I lll give it a few days and hope the sp trades down on lack of news. Hopefully drilling will be delayed a little longer and some punters will get restless.
This one looks the good to me.
Interest is building in this stock and the chart is looking very good.
As always, do your own research before buying/selling.
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$3.33m according to their statement of commitments
so thats a sizeable amount then on exploration...
i havent done a heap of research, but you get a lot of stocks with lots of land, and no money to do anything with it so they capital raise and hurt shareholder value in the short term.
for example IGR....
i havent done a heap of research, but you get a lot of stocks with lots of land, and no money to do anything with it so they capital raise and hurt shareholder value in the short term.
for example IGR....
Here is that ref, still hav'nt read in details as yet but have 62-67 % fe in surface sampling
www.strikeresources.com.au
STRIKE RESOURCES LIMITED A.B.N. 94 088 488 724
Level 14, 221 St Georges Terrace, Perth WA 6000
ASX Code: SRK T | (08) 9214 9700 F | (08) 9322 1515 E | info@strikeresources.com.au
Tuesday, 14 November 2006
MARKET ANNOUNCEMENT
Australian Iron-Ore Update – Paulsens East
Extension of High Grade Mineralisation
The Company refers to its market announcement dated 17 July 2006 titled “Australian
Iron-Ore Update – Paulsens East High Grade Mineralisation”. That announcement referred
to the results of 19 surface samples having been collected across varying points of an
approximate 3,000m long ridge located within its Paulsens East tenement PL 47/1170.
The 19 sampled iron-ore outcrops indicated the presence of iron mineralisation of between
62.59% Fe and 67.05% Fe presenting as hematite conglomerate in hematite matrix.
At that time the Company confirmed that it also held the adjoining Exploration Licence EL
47/1328 and that upon grant of such tenement it would conduct works on the tenement to
establish the relationship between the two tenement areas.
As a consequence of the recent grant of EL 47/1328 the Company is pleased to report that
it has completed a reconnaissance survey and sampling programme in EL 47/1328.
The results of such programme has shown that the high-grade mineralisation previously
reported in PL 47/1170 appears to extend beneath cover for a strike distance of an
additional ~1.7km to the south-east into EL 47/1328 and swing further northwards along
the range for some distance still within EL 47/1328.
Samples collected from the extension are significant in their high-grade – with up to
66.34% Fe having been recorded. This result was obtained from a small outcrop 1.7km
from the previously reported high grade samples in PL 47/1170, along the ridge. This
discovery has the potential to extend the mineralisation reported previously.
20061114 SRK ASX Paulsens East Iron-Ore Project Update
- 2 -
The illustration below outlines the previously reported sampling work conducted in
P47/1170 and the projected extension of Fe mineralisation from P47/1170 into E47/1328.
The Company is encouraged by this potentially significant extension of mineralisation, both
with respect to the high grades encountered and the potential strike length associated
with the same.
The Company has accordingly just completed a detailed gravity survey of the intervening
area covering the plain stretching between the two sets of outcrops.
The results of the gravity survey will greatly assist the Company in delineating additional
drilling targets within the newly granted EL 47/1328.
Such results are expected shortly and before the start of a drilling programme on the
tenements which is expected to commence in early December 2006 upon release of a
drilling rig on to the tenements.
Further details of the sample results are outlined in the following table:
PAULSENS EAST
Surface Samples of Hematite Conglomerate and Mineralised Iron; October 2006
Sample Fe SiO2 Al2O3 MnO CaO P S
UNITS % % % % % % %
FK54 66.34 2.5 1.41 0.02 0.15 0.072 0.007
FK55 55.78 16.11 2.24 0.03 0.15 0.087 0.006
FK56 62.55 7.39 1.81 -0.01 0.05 0.053 0.025
FK57 63.55 5.49 1.86 0.03 0.31 0.136 0.006
20061114 SRK ASX Paulsens East Iron-Ore Project Update
- 3 -
The Company will continue to keep the market informed of its progress in advancing this
project.
For further information:
Shanker Madan Victor Ho
Managing Director Company Secretary
T | (08) 9214 9700 T | (08) 9214 9700
E | smadan@strikeresources.com.au E | vho@strikeresources.com.au
The information in this market announcement that relates to exploration results has been compiled by Mr Hem
Shanker Madan who is a Member of The Australian Institute of Mining and Metallurgy. Mr Madan is the Managing
Director of the Company. Mr Madan has in excess of 5 years experience which is relevant to the style of
mineralisation under consideration and qualifies as a Competent Person as defined in the 2004 Edition of the
“Australasian Code for Reporting of Mineral Resources and Ore Reserves (the JORC Code).” Mr Madan consents
to the inclusion in this market announcement of the matters based on his information in the form and context
in which it appears.
www.strikeresources.com.au
STRIKE RESOURCES LIMITED A.B.N. 94 088 488 724
Level 14, 221 St Georges Terrace, Perth WA 6000
ASX Code: SRK T | (08) 9214 9700 F | (08) 9322 1515 E | info@strikeresources.com.au
Tuesday, 14 November 2006
MARKET ANNOUNCEMENT
Australian Iron-Ore Update – Paulsens East
Extension of High Grade Mineralisation
The Company refers to its market announcement dated 17 July 2006 titled “Australian
Iron-Ore Update – Paulsens East High Grade Mineralisation”. That announcement referred
to the results of 19 surface samples having been collected across varying points of an
approximate 3,000m long ridge located within its Paulsens East tenement PL 47/1170.
The 19 sampled iron-ore outcrops indicated the presence of iron mineralisation of between
62.59% Fe and 67.05% Fe presenting as hematite conglomerate in hematite matrix.
At that time the Company confirmed that it also held the adjoining Exploration Licence EL
47/1328 and that upon grant of such tenement it would conduct works on the tenement to
establish the relationship between the two tenement areas.
As a consequence of the recent grant of EL 47/1328 the Company is pleased to report that
it has completed a reconnaissance survey and sampling programme in EL 47/1328.
The results of such programme has shown that the high-grade mineralisation previously
reported in PL 47/1170 appears to extend beneath cover for a strike distance of an
additional ~1.7km to the south-east into EL 47/1328 and swing further northwards along
the range for some distance still within EL 47/1328.
Samples collected from the extension are significant in their high-grade – with up to
66.34% Fe having been recorded. This result was obtained from a small outcrop 1.7km
from the previously reported high grade samples in PL 47/1170, along the ridge. This
discovery has the potential to extend the mineralisation reported previously.
20061114 SRK ASX Paulsens East Iron-Ore Project Update
- 2 -
The illustration below outlines the previously reported sampling work conducted in
P47/1170 and the projected extension of Fe mineralisation from P47/1170 into E47/1328.
The Company is encouraged by this potentially significant extension of mineralisation, both
with respect to the high grades encountered and the potential strike length associated
with the same.
The Company has accordingly just completed a detailed gravity survey of the intervening
area covering the plain stretching between the two sets of outcrops.
The results of the gravity survey will greatly assist the Company in delineating additional
drilling targets within the newly granted EL 47/1328.
Such results are expected shortly and before the start of a drilling programme on the
tenements which is expected to commence in early December 2006 upon release of a
drilling rig on to the tenements.
Further details of the sample results are outlined in the following table:
PAULSENS EAST
Surface Samples of Hematite Conglomerate and Mineralised Iron; October 2006
Sample Fe SiO2 Al2O3 MnO CaO P S
UNITS % % % % % % %
FK54 66.34 2.5 1.41 0.02 0.15 0.072 0.007
FK55 55.78 16.11 2.24 0.03 0.15 0.087 0.006
FK56 62.55 7.39 1.81 -0.01 0.05 0.053 0.025
FK57 63.55 5.49 1.86 0.03 0.31 0.136 0.006
20061114 SRK ASX Paulsens East Iron-Ore Project Update
- 3 -
The Company will continue to keep the market informed of its progress in advancing this
project.
For further information:
Shanker Madan Victor Ho
Managing Director Company Secretary
T | (08) 9214 9700 T | (08) 9214 9700
E | smadan@strikeresources.com.au E | vho@strikeresources.com.au
The information in this market announcement that relates to exploration results has been compiled by Mr Hem
Shanker Madan who is a Member of The Australian Institute of Mining and Metallurgy. Mr Madan is the Managing
Director of the Company. Mr Madan has in excess of 5 years experience which is relevant to the style of
mineralisation under consideration and qualifies as a Competent Person as defined in the 2004 Edition of the
“Australasian Code for Reporting of Mineral Resources and Ore Reserves (the JORC Code).” Mr Madan consents
to the inclusion in this market announcement of the matters based on his information in the form and context
in which it appears.
