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AHN - ATHENA RESOURCES LIMITED


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In reply to: macrae on Tuesday 29/05/07 09:52am

OK young Mac - any hope for this or is it sinking without trace. Someone bought 56000 oppies at 16.5c today. 4 weeks ago that would have been the steal of the year - now not so sure. Would have thought some drilling news not too far away - probably best to forget June and concentrate on next financial year.

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Athena intersects significant nickel at Ravensthorpe http://www.sharescene.com/html/emoticons/smile.gif

12:16, Monday, July 02, 2007

 

Sydney - Monday - July 2: (RWE Australian Business News) -

Athena Resources Ltd (ASX code: AHN) today announced the initial reverse

circulation drilling program at its Ravensthorpe Project in WA had been

an "outstanding success".

As part of Athena's strategy to develop a nickel sulphide

deposit, results from two drillholes have significant disseminated

sulphide intersections.

The fourth drillhole (OF07RC004) of the five-hole program

intersected 30 metres of disseminated sulphides assaying 0.56% nickel

from 53 to 83 metres down-hole.

The intersection includes 8 metres at 0.74% nickel.

The results are in line with the intersections reported by

Nickel Search in the early 1970s.

Athena shares entered trading halt ahead of the announcement and

were to be reinstated this afternoon. Last sale was 60c.

 

 

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