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STELLAR RESOURCES LIMITED Capital/Financing Update 2005
65860_rns_2005-11-03_7d182da6-1f7c-4322-8396-c1b2b26fef3a.pdf
Capital/Financing Update
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(၂)(၇ $\frac{1}{2}$
4 November 2005
ASX Code: SRZ
ABN 96 108 758 961 Suite 713 Exchange Tower 530 Little Collins Street Melbourne Victoria 3000 Australia
Telephone +61 3 9909 7618 Facsimile +61 3 9909 7621
www.stellarresources.com.au [email protected]
Goldfinger Drilling - Progress Report
Drilling of the third diamond drill hole into the Goldfinger Prospect, located 20 kilometres south of Broken Hill in NSW, commenced on 3 November 2005.
The second diamond drill hole, GFDDH03, was completed at 648 metres depth, having intersected visible zinc sulphide mineralisation in the interval from 521 to 528 metres down-hole, within a broader zone of garnet bearing, altered metasediments and amphibolite coincident with the gravity target.
The current drill hole (GFDDH04), which has a designed length of 400 metres, is at 60 metres depth and is being drilled to test the Induced Polarisation (IP) target zone some 100 metres west along strike and on the southern side of the target intersected in GFDDH03. The IP target zone is expected between 250 and 350 metres downhole. More information on the Goldfinger prospect is contained in the 2005 Annual Report and the September Quarterly Report.
The drill hole is expected to be completed by the end of November and samples from both holes dispatched for assay. Results from this drilling program will be reported once assaying and analysis are completed.
The drill and exploration results reported herein, insofar as they relate to mineralisation, are based on information compiled by Mr. C.G. Anderson (Fellow of the Australasian Institute of Mining and Metallurgy) who is a Director of the Company with more than twenty years experience in the field of activity being reported. Mr. Anderson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. It should be noted that the abovementioned exploration results are preliminary.
Tom Burrowes Tel (03) 9909 7618 Chris Anderson Tel: (08) 8363 1589 David Sasson Mob: 0411 468 966 E-mail: [email protected] [email protected] [email protected] or visit our Website at: www.stellarresources.com.au