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Queensland Ores Announces Increased Resources - Mt Cannindah Mineralisation Studies
Monday March 10, 2008, 9:34 am

Original Announcement: Mt Cannindah Mineralisation Studies - Increased Resources

Queensland Ores announced that the final results have now been received from its drilling programme at the Mount Cannindah Mine copper-gold-silver prospect and that interpretation has indicated the potential for increased resources at depth. The Company reported that the final drill-hole returned an intersection of 29m (estimated true width 22m) at 1.35%Cu, 0.34g/tAu and 19.2g/tAg from 201-230m. The deposit is approx 200m long and the mineralised envelope is around 50m wide on average. Drilling has shown the deposit to extend at this width beyond 200m below surface. A new resource estimate based on the latest data from the Project is being undertaken by Golder Associates and is scheduled to be completed before the end of the quarter.

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