CRC

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Created by request:

CORTONA RESOURCES LIMITED (CRC)

 

Thankyou

Sharescene.com

[bigdump]

Interesting company about to put the drill into the dirt of a top quality area. (early april)

Could be worth a look at these low prices ,has the potential to run hard with limited stock available.

Share price already starting its move !

[Amberton]

In reply to: bigdump on Saturday 01/04/06 12:30pm

CRC: large gold discovery just announced.

 

drilling to continue this week.

 

market cap only $5 million. CRC could run hard!

 

just my opinion.

[hayboys]

In reply to: Amberton on Monday 24/04/06 02:04pm

You are blowing smoke nothing much in those trench samples. Looks very potty so massive dilution when you try mining it. Very narrow seems

[ako]

In reply to: hayboys on Monday 24/04/06 11:47am

Good announcement today;

 

RC DRILLING RESULTS - PROJECT MANAGER APPOINTED

Cortona Resources Ltd (CRC) is pleased to announce the results of the first phase of RC drilling at the Wombola Pit prospect. The results are highly encouraging, and include intercepts of:

 

WPC008: 1m @ 37.8g/t gold from 20m

WPC012: 3m @ 6.49g/t gold from 12m

WPC013: 7m @ 4.08g/t gold from 5m

WPC0019: 1m @ 12.0g/t gold from 20m

WPC021: 12m @ 4.91g/t gold from 40m

WPC022: 4m @ 13.0g/t gold from 8m

 

Three lines of RC drilling have been completed in oxidised rocks to the northeast and east of the pit. A further 4 holes were drilled within the pit. In light of these positive results, the Company will now assess the potential to expand and upgrade the current resource. A summary of the results is presented in Table 1, and a collar plan is shown in Figure 1.

 

The RC program is due to move to the Wombola Dam prospect, where a rig is expected within a week. Approximately 4,000m will be drilled in a series of 100m and 200m deep holes to test both the lateral and vertical extents of gold mineralisation beneath the extensive near-surface anomalism. Furthermore, the Company is delighted to announce the appointment of Dr Susan Drieberg to the position of Project Manager, East Kalgoorlie. SusanÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s expertise in alteration geochemistry and mineralogy will be highly complimentary to the CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s existing strengths in structural geology, and will greatly enhance our ability to target additional resources at the North Monger and Juglah Rocks projects.

 

Wombola Pit: Summary of Results

Twenty-two RC holes have been completed for a total of 2,011m at the Wombola Pit prospect (Figure 1), ranging in depths from 39m to 102m. Four metre

composite samples were collected and submitted for assay by the acid digest method at Amdel Laboratories, Kalgoorlie. One-metre ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¹Ãƒƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“splitsÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ for those composite samples returning assays >0.25g/t were then submitted to Amdel, and these were analysed by fire assay.

[Marsupial]

In reply to: ako on Wednesday 31/05/06 07:46pm

Interesting move into NSW gold areas today. Acquired prospects from Moly Mines.

[crystal]

 

 

CRC

 

Meanwhile, in Australia there is growing interest in nickel heap leach opportunities, and Cortona Resources (ASX: CRC) is just one company advancing this technology. In September 2006, Cortona announced a nickel laterite resource at Black Hill in the North Monger project, 40 km southeast of Kalgoorlie, Western Australia. The inferred resource is estimated to be 30 Mt at 0.64% Ni. The resource was discovered in 1997 and measures more than 3.5 km x 0.4 km, extending to a maximum depth of 40 m. Cortona recently purchased the tenements to the south of the resource, which were never drilled for nickel. The company says "interpretation of geophysical datasets suggests the resource has the potential to continue into this area."

 

The resource is located close to suitable infrastructure, being within 30 km of the Kalgoorlie to Kambalda gas pipeline, 1 km from the Trans Australian Railway, and 4 km from the Mount Monger road that leads to the major mining town of Kalgoorlie. There are also potential sulphur sources nearby for the manufacture of sulphuric acid.

 

Since announcing the resource, Cortona has been monitoring developments in nickel laterite heap leach technology, which for some ores is being recognised as a viable metallurgical alternative to the more widely used, but capital intensive, HPAL technique. The heap leach process is attractive because it not only has the potential for significantly lower capital expenditure than HPAL, but it is also a less complex process.

 

At this stage there are no producing nickel heap leach operations in Australia. Several projects are under review, including Heron Resources' Jump Up Dam prospect 150km northeast of Kalgoorlie, where encouraging test results have recently led to a resource drill out. Heron is now conducting a feasibility study of the resource. Elsewhere, European Nickel has commenced construction of a nickel heap leach plant at its Caldag Project in Turkey, with production due to commence in 2008.

 

In light of the positive outlook for the heap leaching of nickel, Cortona has engaged the services of Independent Metallurgical Laboratories to conduct test work on the heap leach potential of the Black Hill laterite resource. The work has commenced and will proceed in two stages. The initial stage will firstly characterise the ore before assessing the acid digestion potential via a series of bottle roll leach tests.

 

If it can be demonstrated that the material is conducive to acid leaching, the test work will then proceed to a more detailed second stage. This will investigate the combined physical and chemical aspects of nickel and cobalt recovery using a column test. Stage 1 is due to be completed by early June 2007, and stage 2, if implemented, should conclude by late October 2007.

 

[gwydir]

QUOTE (crystal @ Saturday 14/04/07 06:38pm)

Hi Mick, reading that, the country is bordering FML leases. There must be nickel in FML ground?

Also, there would be gold in the leech, they have not mentioned that in the article.

That be gold country and does INL or more to the laterite point, JRV know about this?

 

Gaz

 

edit: 27 Mar 2007 17:20 ! Fast tracks plan to mine Nepean Nickel

 

doh

[winnetwo]

In reply to: gwydir on Sunday 15/04/07 12:18am

not much comment on this company - it seems to me like it may be a serious contender in the mining arena. It has moved up nicely over the months without the spikes of some other stocks. I hope it can carry on being a quiet achiever

 

W2

[RADIO]

http://www.brr.com.au/site/images/partners/sharescene-logo.jpg

Recent ShareScene.com Radio Broadcast (08/11/2007 16:30:00):

CRC - AMEC Investor Briefing Presentation Sydney - Mr Peter van der Borgh, MD

 

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.

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