Sydney, Dec 12, 2005 AEST (ABN Newswire) - Iluka Resources (ASX: ILU) in combination with Adelaide Resources Limited (ASX: ADN)(the Colona Joint Venture) today announced further very encouraging results from the Eucla Basin in South Australia.
The results include further laboratory analysis received from infill holes drilled on the original Tripitaka Prospect (refer ASX Release dated 11 November 2005).
The Tripitaka Prospect is located approximately 90 kilometres from the Jacinth and Ambrosia discoveries on part of Iluka's 60,000 square kilometres of tenements in the Eucla Basin. The mineralogy results from line 5085SE indicate very high zircon in the assemblage of 68%.
The additional drilling has significantly improved previously reported results with very encouraging intersections including 15.5 metres at 4.9% from hole YE0615 and 21.0 metres at 5.6% from hole YE0624. The Tripitaka mineralised zone is near surface and up to one kilometre wide and two kilometres long.
According to Mike Folwell, Managing Director and CEO of Iluka: "These result continue to confirm the high zircon assemblage of Iluka's Eucla Basin landholding drilled to date. On the basis of only limited drilling, the results from Tripitaka compare favourably with those from Jacinth and Ambrosia and confirm the regional prospectivity contained within Iluka's tenements." "The Eucla Basin is forming as a major, world class zircon producing province. A major focus of Iluka's exploration activities is to continue to delineate the resource and reserve potential of the Basin. Pre-feasibility work has commenced to determine the most capital efficient and responsible manner to develop the emerging resource and meet market demand" Mr Folwell said.
About Andromeda Metals Ltd
Andromeda Metals Ltd (ASX:ADN) is an Australian Securities Exchange listed company focusing on mineral exploration for gold, copper and lithium deposits. The company has built a highly prospective exploration portfolio of projects covering 7,969 sq kms within 21 exploration licences located in South Australia, Queensland, Western Australia and the Northern Territory. Andromeda Metals was incorporated on 23 December 1993 and subsequently listed on the ASX on 11 September 1996. The company's head office is in Adelaide, South Australia.
Andromeda Metals' vision is to be a sustainable minerals exploration company providing shareholders with risk managed discovery, development and mining opportunities.
About Iluka Resources Limited
Iluka Resources Limited (ASX:ILU) is a major international mineral sands resource company. It is involved in the exploration, project development, operations and marketing of mineral sands products. The major part of Iluka's production base is in Australia, with mining and processing operations in ?Sierra Leone. The corporate office is located in Perth, Western Australia. Iluka has regional and marketing offices, as well as warehouse distribution points in a range of locations.
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