ABC Broken Hill (Broken Hill)

7 February 2011

06:30 News – 07/02/2011 – 06:31 AM

Newsreader

Program Manager Mr Andrew Schmidt 08 8082 4031

Broken Hill Prospecting has secured sufficient funding to allow it to further assess its Thackaringa Mining Tenement, 25km south west of Broken Hill. The initial public offering has closed with a total of $4.47m raised. Geoff Hill, Director, Broken Hill Prospecting says this money will allow the company to complete a pre-feasibility study on two of their cobalt deposits and the 13 base metal prospects on their tenement more efficiently. Hill says the total cobalt mineral resources have been estimated at 15m tonnes. The company announced in December last year that drilling at two other prospects in the same area had encountered strong copper, lead and zinc results. A follow up drilling program is now underway.

Newsreader Program Manager Mr Andrew Schmidt 08 8082 4031 Broken Hill Prospecting has secured sufficient funding to allow it to further assess its Thackaringa Mining Tenement, 25km south west of Broken Hill. The initial public offering has closed with a total of $4.47m raised. Geoff Hill, Director, Broken Hill Prospecting says this money will allow the company to complete a pre-feasibility study on two of their cobalt deposits and the 13 base metal prospects on their tenement more efficiently. Hill says the total cobalt mineral resources have been estimated at 15m tonnes. The company announced in December last year that drilling at two other prospects in the same area had encountered strong copper, lead and zinc results. Newsreader Program Manager Mr Andrew Schmidt 08 8082 4031 Broken Hill Prospecting has received funding to explore the possibility of mineral deposits at the Thackaringa Mining Tenement. The company has raised $4.47m to assess the mining tenement, 25km south west of Broken Hill with the initial public offering now closed. Geoff Hill, Director, Broken Hill Prospecting says the funding weill enable the completion of a pre-feasibility study on two of their cobalt deposits and quickly access 13 base metal prospects on their tenements. He says total cobalt mineral resources have been estimated at 15m tonnes. The company announced in December last year that drilling at the two other prospects in the same area have encountered strong lead, zinc and copper results. Results of a follow up drilling program are expected in March. Newsreader Program Manager Mr Andrew Schmidt 08 8082 4031 Broken Hill Prospecting has secured sufficient funding to allow it to further assess its Thackaringa Mining Tenement, 25km south west of Broken Hill. The initial public offering has closed with a total of $4.47m raised. Geoff Hill, Director, Broken Hill Prospecting says this money will allow the company to complete a pre-feasibility study on two of their cobalt deposits and the 13 base metal prospects on their tenement more efficiently. Hill says the total cobalt mineral resources have been estimated at 15m tonnes. The company announced in December last year that drilling at two other prospects in the same area had encountered strong copper, lead and zinc results. A follow up drilling program is now underway.