re: Ann: Gold Fields encouraged by drilling r...
More money being spent by our multinational, multi billion gold mining, joint venture partner! (The worlds 4th largest gold mining producer!)
An additional $5.4 for an aggressive drilling campaign 29,000M in total.
Gold Fields is highly encouraged by the results being obtained, especially at Myall and Cowal East. In its most recent September 2009 quarterly, Gold Fields Limited stated:
“Aircore drilling at Myall has intersected strong alteration related to porphyry Cu-Au mineralisation on the Kingswood South and Calais Targets. Consistent end-of-hole gold anomalism has defined a large Cu-Au target over two kilometres by one kilometre. Aircore drilling at Cowal East continues to define several very encouraging drill targets including the Bimbowie Prospect, a mineralised porphyry Cu-Au system. Budgets have been approved to fund an aggressive programme of additional aircore drilling and initial diamond drilling on seven targets during the remainder of financial 2010.”
Its coming.
CLY Price at posting:
15.7¢ Sentiment: Buy Disclosure: Held