Altona Mining Limited Stock Market Press Releases and Company Profile
Universal Resources Limited (ASX:URL) Updates On The SEEP Joint Venture, Xstrata Commences Drilling At Blackard Copper Deposit
Universal Resources Limited (ASX:URL) Updates On The SEEP Joint Venture, Xstrata Commences Drilling At Blackard Copper Deposit

Perth, Sep 7, 2009 AEST (ABN Newswire) - The directors of Universal Resources Limited (ASX:URL) advise that Mt Isa Mines Limited (Xstrata- LON:XTA) has commenced drilling at the Blackard deposit as part of its exploration pursuant to the SEEP Joint Venture. The SEEP Joint Venture involves an area of approximately 174 sq km within the 1,650 sq km Roseby Copper Project tenements in the Cloncurry area, Queensland.

A program of up to eight diamond drill holes is proposed to further test the sulphide system underlying the Blackard native copper deposit. In an initial three-hole program for 1,300m of drilling, two holes are proposed to test the strike extent of the high-grade copper intersected last October in hole BCD 850 (112m @ 0.89% copper (Cu) and 2.8 gpt silver (Ag) from 112m, including 94m @ 0.93% Cu and 11m @ 1.11% Cu). A third hole is proposed to complete infill drilling of the 1,250m strike length of the western sulphide mineralisation.

A further five drill holes will be subject to the results obtained in the initial three holes.

For the complete Universal Resources ASX Announcement, please click the link below:

http://www.abnnewswire.net/media/en/docs/61386-ASX-URL-459233.pdf

About Altona Mining Limited

Altona is a cashed up ASX listed company with a record of shareholder returns. It is focussed on the Cloncurry Copper Project in Queensland, Australia.

The Cloncurry Copper Project has resources containing some 1.65 million tonnes of copper and 0.43 million ounces of gold. The first development envisaged is the 7 million tonnes per annum Little Eva open pit copper-gold mine and concentrator.

abnnewswire.com 


Contact

Peter Ingram
Managing Director
Universal Resources Limited
Tel: +61-8-9486-8400
Email: pingram@universalresources.com.au



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