HDG 0.00% 1.0¢ hodges resources limited

Good potential here I feel, took a position today. Some extracts...

  1. 543 Posts.
    Good potential here I feel, took a position today.
    Some extracts from the website that are quite interesting.

    Sweden U ,Heavy REE

    Asnebogruvan Project (two permits)
    Located about 400 kilometres west of Stockholm, is prospective for iron-oxide hosted uranium-gold mineralisation, as evidenced by the presence of haematite breccia and highly anomalous uranium, gold and rare earths in association with granites.

    SGU pits assayed 4.7% U3O8, 28 g/t gold, 0.32% wolfram, 2.7% tellurium, 0.15% yttrium, 10 g/t silver and 25% iron oxide.

    Australia, Victoria Mo,Gold

    Since entering into the option on the project Hodges has completed 18 diamond drill holes (MM8 ?C MM25) for a grand total of 3,235 m, Table 1. The drilling successfully identified significant grade molybdenum mineralization from surface to depths of 250m (limit of drilling) over the previously identified soil and rock anomaly (identified by BHP).

    Drill holes averaged 185m deep in general and were drilled perpendicular to the main mineralized trend along the granodiorite Chornfels contact. Drill holes were space on sections at 50 ?C 150m along strike.

    Better results (>100ppm Mo) have outlined an area of consistent mineralisation approximately 700m (long) x 250m (wide) from surface to maximum tested depth of 250m.

    All holes intersected variable vein hosted and visible molybdenite mineralisation from surface over their entire lengths.
    Highlights include:
    Hole MM23 with 199m @ 633ppm Mo, from surface;
    Hole MM20 with 200m @ 614ppm Mo, from surface and
    Hole MM21 with 199m @ 532ppm Mo.
    Intial metallurgical testwork reviels high grade recovery from simple floatation processes.

    Although Mt Moliagul lies partly within a Goldfield Heritage Reserve, it is not associated with the heritage features of that reserve and exploration and mining are permitted.

    A native title Indigenous Land Use Agreement (ILUA) has been in place since early 2006.

    Ghana Gold

    THE SALMAN AND MAME PROSEPCTS
    The prospects lie within the highly endowed mineralized gold structure termed the Ankobra Lineament which is
    the eastern?\most of two structures extending southwards from Prestea to the coast at Axim; and represents the
    southern extension of the Ashanti Shear Zone (ASZ).

    The Salman South prospect is situated approximately 1.5 km
    south of the Adamus Resources 1.1Moz Salman deposits. Adamus identified several discrete gold deposits along the
    Salman shear zone which continues south through our
    tenement to the Gulf of Guinea coast between Asanta and
    Sawoma.
    The Mame deposit is 8km south east of Salman south and just 2km south of Adamus Resources Avebo prospect.
    ..................................

    Drilling, trenching, starting shortlyon this project

    All this with a market cap under 10 million.

    DYOR. Cheers, Duke
 
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