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| Name | Symbol | Market | Type |
|---|---|---|---|
| ProShares Short Basic Materials | AMEX:SBM | AMEX | Exchange Traded Fund |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 46.3774 | 0 | 00:00:00 |
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RNS Number:4113U
St. Barbara Mines Limited
20 January 2004
ASX SHAREHOLDERS REPORT
Meekatharra - Polelle Joint venture
Exploration Update
Significant results have been recorded from the JV exploration programmes at the
Mulla Mulla deposit and also 6 km south at the Kanji-Miniritchie prospect.
The St Barbara managed joint venture with Elara Mining Limited has recorded RC
drill intersections from the Mulla Mulla Eastern Trend of 10 m at 7.9 g/t
(vertical depth of 120 m), 34 m at 2.6 g/t (at 95 m), 12 m at 7.3 g/t* (at 80 m)
and 8 m at 16.4 g/t* (at 65 m).
These results are from a 19 hole, 3,000 m programme which, based on previous
drilling, continues to confirm the presence of an extensive zone of
mineralisation. (* indicates the intersection grade is based on 4 m composite
sample assays.)
It is intended that additional drilling of the Eastern Trend, and also the
Central and Western Trends will commence in the near term with a view to
establishing a resource base for future mine development.
Also in the Polelle joint venture, a 58 hole (2,640 m) aircore drill programme
at Kanji-Miniritchie, 6 km south along the regional strike from Mulla Mulla, has
resulted in sixteen holes cutting gold mineralisation. The best intercept was
4 m at 4.8 g/t. Further aircore, followed by initial RC drilling, is also
planned for the coming months.
The potential for an increase in the resource at Mulla Mulla and for satellite
deposits such as Kanji-Miniritchie has been demonstrated.
Follow-up drilling and other exploration will continue with the aim of
establishing a resource inventory for inclusion in the future mine production
schedule.
Stephen W. Miller
Executive Chairman
20 January 2004
RC Drill Results - Mulla Mulla (East), December 2003
Mineralised Intercept
Hole No. North East Dec. Azm Depth From To Length Au
(AMG) (AMG) (Deg) (Grid) (m) (m) (m) (m) (g/t)
MMRC 90 7 037 770 645 435 -60 270 148 59 60 2 1.46
73 76 3 0.76
83 89 6 1.58
101 104 3 2.17
MMRC 91 7 037 770 645 475 -60 270 200 32 33 1 0.62
37 44 7 0.66
49 65 16 0.97
110 121 11 1.37
129 141 12 1.20
177 178 1 7.10
195 199 4 1.58
MMRC 92 7 037 810 645 395 -60 270 168 81 84 3 0.61
90 93 3 1.24
137 139 2 3.51
142 152 10 7.90
inc 143 145 2 29.95
MMRC 93 7 037 810 645 435 -60 270 200 32 33 1 0.52
48 51 3 0.95
64 65 1 3.33
105 118 13 1.40
134 139 5 1.58
144 149 5 4.10
159 161 2 1.58
168 171 3 1.87
174 175 1 1.41
182 183 1 1.88
188 189 1 1.49
MMRC 94 7 037 810 645 475 -60 270 200 49 62 13 2.26
inc 58 62 4 6.24
MMRC 95 7 037 850 645 395 -60 270 72 30 36 6 0.90
56 60 4 0.65
66 68 2 2.05
MMRC 96 7 037 850 645 435 -60 270 200 105 109 4 1.23
113 147 34 2.58
inc 123 130 7 6.90
inc 124 126 2 16.60
170 171 1 2.50
MMRC 97 7 037 850 645 475 -60 270 195 51 54 3 0.62
156 158 2 6.01
176 180 4 1.94
183 184 1 2.49
188 189 1 3.49
193 194 1 4.25
MMRC 98 7 037 890 645 395 -60 270 208 28 44 16 0.87
49 50 1 2.90
54 55 1 1.98
MMRC 99 7 037 890 645 435 -60 270 210 30 39 8 1.94
69 70 1 1.19
94 95 1 1.85
98 100 2 1.04
129 135 6 1.05
139 148 9 1.99
150 151 1 2.05
153 154 1 1.02
MMRC 100 7 037 890 645 475 -60 270 210 196 204 8 0.94*
MMRC 101 7 037 770 645 170 -60 270 130 64 72 8 0.99*
MMRC 102 7 037 730 645 190 -60 270 147 52 64 12 0.96*
88 96 8 1.11*
MMRC 103 7 037 730 645 210 -60 270 127 20 24 4 1.52*
36 44 8 0.62*
60 76 16 0.82*
80 84 4 0.78*
92 104 12 7.25*
inc 92 94 4 17.80*
MMRC 104 7 037 770 645 150 -60 270 99 48 52 4 0.55*
MMRC 105 7 037 770 645 170 -60 270 99 76 84 8 16.40*
inc 76 80 4 31.10*
MMRC 106 7 037 770 645 190 -60 270 120 36 40 4 0.54*
56 60 4 0.91*
104 112 8 1.15*
MMRC 107 7 037 770 645 210 -60 270 120 48 52 4 0.66*
56 60 4 1.35*
68 72 4 1.37*
Notes:
1. All assay values are based on 50 gm fire assays.
2. * indicates the intercept grade is based on 4 m composite sample assays.
3. True widths of mineralised zones are probably about 60% of intercept
lengths.
4. The terms of the Polelle joint venture provide for Elara Mining Limited
to earn a 65% interest over a four year period through the expenditure of
$5 million.
Information in this report relating to mineral resources conforms to the
reporting requirements of the Australasian Code for Reporting of Identified
Mineral Resources and Ore Reserves (The JORC Code). It is based on information
compiled by Mr Graham Miller, FAusIMM, a Competent Person as defined by the
Code. It is included in this report with his consent.
Enquiries regarding this report may be directed to:
Stephen W. Miller
Executive Chairman
Telephone (08) 9476 5555
Overseas +61 8 9476 5555
or
Colin G. Jackson
Investor Relations
Telephone 0417 929 107
St Barbara Mines Limited
Level 2, 16 Ord Street
West Perth
Western Australia 6005
Telephone (08) 9476 5555
Overseas +61 8 9476 5555
Dollar values in this report are Australian dollars unless otherwise stated.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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