UPDATED RED DAM GOLD RESOURCE
24-10-07
CARBINE IS PLEASED TO ANNOUNCE THAT INDEPENDENT CONSULTING FIRM GOLDER ASSOCIATES HAS COMPLETED THE TASK OF MODELLING THE MINERAL RESOURCES FOR THE RED DAM PROJECT.
THE UPDATED IN-SITU RESOURCE FOR PETRUS HAS BEEN CALCULATED AT 3,228,000 TONNES AT 1.66 G/T FOR 172,700 OUNCES OF CONTAINED GOLD, WITH 1,106,000 TONNES AT 1.74 G/T FOR 62,200 OUNCES IN THE INDICATED CATEGORY AND THE REMAINING 2,121,000 AT 1.62 G/T GOLD FOR 110,500 OUNCES IN INFERRED CATEGORY.
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