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MUU Murchison Utd

2.00
0.00 (0.00%)
29 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Murchison Utd LSE:MUU London Ordinary Share AU000000FTE4 NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Drilling Commences at Maroochydore Copper Project

16/07/2007 8:00am

UK Regulatory


    MURCHISON UNITED NL
                                                                                         ACN 009 087 852
                                                                         ASX CODE:  MUR,  AIM CODE: MUU,
                                                          Telephone: +618 9322 4071, Fax: +618 9322 4073
                                                                                                        
                                                                                                        
                                                                                                         
                                                                               ASX, AIM and Media Release
                                                                                            16 July 2007

                      COMMENCEMENT OF RC DRILLING AT MAROOCHYDORE COPPER PROJECT

Murchison United NL (ASX: MUR, AIM: MUU) is pleased to announce that a program of Reverse Circulation  (RC)
percussion  drilling will commence this week at its Maroochydore Copper Project Joint  Venture  in  Western
Australia. The Maroochydore Project is a Joint Venture with Aditya Birla Minerals Limited (ASX: ABY).

The  program,  comprising  13  holes for 1,500 metres, is designed in part to  confirm  the  existing  JORC
compliant  resource  at the Maroochydore Project of 50 million tonnes @ 1% Cu for 0.51  million  tonnes  of
contained  copper and 20,000 tonnes contained cobalt (at a 0.5% Cu cut-off). All RC holes will  be  drilled
within the existing resource boundary.

Due to the limited availability of the RC drill rig, it may not be possible to complete the full program in
the short term. The results of the drilling will be released to the market when available.

A  six-hole  diamond  drilling program has also been planned to further confirm the  resource  and  provide
samples for metallurgical test work. The timing of this program is dependent on rig availability.

The  Maroochydore  Copper Project is strategically located 100km southeast of Aditya Birla's  Nifty  Copper
Mine, near Telfer, WA.

Murchison is continuing to focus on the exploration and evaluation of its portfolio of uranium projects  in
West Africa.

Please call Mark Reilly with any queries.




Mark Reilly
Managing Director


The  information  on  Mineral Resources for the Maroochydore project has been reproduced  from  the  public
reporting  on  the  project's Mineral Resource's by the project operator, Aditya Birla Minerals  Ltd  (ASX:
ABY).   This  reported Mineral Resource was signed off for Aditya Birla Minerals Ltd by Mr Ian  Glacken  of
Snowden Mining Industry Consultants.

Murchison's Nominated Advisor for the AIM market is RFC Corporate Finance Ltd.
Contact: Stuart Laing, Ph: +618 9480 2506

								
Murchison United N.L



								

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