Gold Anomoly Annual Report Snips7 Oct 2010 23:57
Snippet from Gold Anomoly Annual Report
http://203.15.147.66/asxpdf/20100930/pdf/31svllvj3dmmbs.pdf
:-
Detailed geological mapping and channel sampling was
commenced in June. Detailed geological mapping and
channel sampling commenced in June with continuous 5
metre channel samples being taken from the bedrock
exposed by the benching. Geochemical analysis of the
samples is underway, with encouraging initial results. Further benching
and sampling is continuing. It is expected that the benching,
sampling and geological mapping will be completed by
October 2010
Later on:-
Gold Anomaly increasing interest to 70%
Under the Crater Mountain Joint Venture Agreement with
AIM-listed Triple Plate Junction Plc’s subsidiary Terenure
Limited, the expenditure associated with the road
construction and benching forms part of the Company’s
Phase 2 earning commitment. As a result of expenditure
surpassing $900,000, Gold Anomaly has fulfilled the
conditions precedent to increasing its equity in the Crater
Mountain Project from the current 51% to 70%.