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MURRAY COD AUSTRALIA LIMITED — Annual Report 2011
Aug 29, 2011
65302_rns_2011-08-29_82155437-d557-4da2-ace8-713b47847d68.pdf
Annual Report
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ASX Code:TPR
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30 Aug u st 2011 ASX Announcemen t
Annual Report and Commencement of Phase Two exploration
Timpetr a Resource s Limited (“Timpetra”) is pleased to r elease its m aiden Annu a l report for the year ended 3 0 June 201 1 . Timpetra is in a solid f inancial po s ition on whi c h to base it s forward e x ploration progra m . Cash on hand at 30 J une 2011 w as $7,879, 3 61 with no d ebt. The C ompany m a intains a low ove r head struct u re with a conservative v iew on cash expenditure.
The se c ond stage e x ploration p r ogram com m enced tod a y with an in i tial three h o le drill program. The results from the f irst stage of explora t ion, in pa r ticular LO D T004, sug g est that e conomic minerali s ation could be encount e red in the a nticlines ide n tified.Thes e anticlines h ave been t a rgeted in Phase T wo of expl o ration with a two stag e drilling pro g ram, the fi r st involving drilling three wedge holes fr o m the 723 metre long LODT004. The secon d stage of this program w ill be bas e d on the results o f this first st a ge, but the Company e n visions ste p -out drilling of 100 metr e s to the No r th to test the strik e potential of the identifi e d mineralis e d structure s .
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For mor e informatio n :
Timpetra Resources Limited
Dion C o hen (Chief E xecutive Of f icer)
+61 2 8 2 98-2008
www.ti m petra.com
About Timpetra Resources Limited
Timpetr a is a publi c listed Aust r alian comp a ny that is f o cused on t h e identificat i on, assess m ent and development of gol d projects. T h e Compan y ’s maiden project is the Lockington P roject, an a dvanced gold ex p loration pr o ject situate d within Ce n tral Victori a ’s establish e d gold dist r ict near th e town of Locking t on. Since July 2003, o v er 100,000 meters of drilling has b e en comple te d at the L o ckington propert y , as well as extensive geochemistr y and groun d geophysic s work. The L ockington P roject is support e d by Timp e tra’s major shareholde r , Gold Fiel d s Australa s ia Pty Ltd w ho has a technical service s agreement in place wit h the Company.
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Cross section 5980900N – Lockington s outh Prospect