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News > Metminco To Join Peak Resources

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HIGHLIGHTS
• The Ashburton Project, consisting of 2 exploration licences, has the potential to host large base metal deposits. The 2 licences cover an area of 412 sq km.
• The Metminco agreement will assist the fast tracking of exploration activity at Ashburton over the coming months.
• There are some outstanding early geochemical results, including elevated lead and cobalt assays over an area of 5km x 1.5km and a 44.5% titanium oxide rock chip sample from the Pingandy project area.
• Coincident geochemical/geophysical anomalies reinforce prospectivity.
• Induced Polarisation (IP) survey to commence shortly as a precursor to RC drilling program.
• Metminco to earn a 40% interest by expending $1,000,000 on the Ashburton Project over the next 24 months.

Date:  Friday 14 Mar 2008