hi john435,they may have disposed of E52/2232 - can't find an...

hi john435,

they may have disposed of E52/2232 - can't find an ann relating to it though, could you provide any more details

however from the 2010 ann rep, 701mile appears to be comprised of several tenements, incl E52/1531, E52/2232, E52/2540 (application at time), P52/1228, P52/1229, P52/1230, P52/1231

also srr hold 70% of mn and fe rights only to the above tenements (see 2010 ann rep p68 - note at @ p12 in describing the 701mile project it talks of 2 tenements, ie E52/1531 and E52/2232)

srr undertook a 145 hole, 1,237, aircore drilling program at 701mile, leading to an expl target of 2Mt @ 10-12% mn, with an inferred resource to be calculated as well as follow-up benefication work by the end of 2010 (see 2010 mar qrtly rep p6 and 2010 ann rep p12) - no further anns by srr re the inferred resouce calculation since the oct 2010 ann rep

interestingly the aircore drilling program was carried out on E52/1531 (see fig 6 on p13 of the 2010 ann rep) according to the drillhole locations, with none undertaken on E52/2232 - although there is a gap of sorts between the 2 tenements according to fig 6

so if E52/2232 has been relinquished/disposed of, they may still hold 70% mn/fe rights to E52/1531 (where they undertook drilling), in which case they still have mn potential at the 701mile project

(note - trevorsaul has just posted up info as i type - note further, lcr, in their 2010 dec qrtly rep list 701mile project as exactly the same tenements (80% rights) as above, ie E52/1531-P52/1231, however it specifically excludes fe and mn - the conclusion is that srr still hold 70% mn and fe rights to all of 701mile)