Syndicated Metals Limited (ASX:SMD)
SIGNIFICANT HIGH GRADE COPPER
INTERSECTION AT KALMAN SOUTH
HIGHLIGHTS
o
Massive chalcopyrite intersection encountered in drill
hole K106A of 7.65 metres @ 23.4% Cu, 0.51g/t Au and 20g/t Au from 581.65m from
ongoing drilling at the Kalman South joint venture
o
Intersection occurs within a broader zone of
mineralisation similar in style to the existing Kalman resource
Syndicated Metals Limited (ASX:SMD)
is pleased to advise of a highly significant copper intersection encountered
from ongoing drilling being carried out within EPM13870 which covers a
significant portion of the Kalman molybdenum-copper-gold-rhenium deposit.
EPM 13870 forms the
Kalman South joint venture between Syndicated and the ASX-listed Kings Minerals
NL (ASX:KMN), located 60km southeast of Mount
Isa in Northwest
Queensland. Kings Minerals has the right to earn up to 70% of
EPM13870 by completing a final feasibility study.
In an announcement
to the Australian Securities Exchange today (4th July 2008) Kings
Minerals reported a massive chalcopyrite intersection in drill hole K-106A of
7.65 metres @ 23.4% Cu, 0.51g/t Au and 20g/t Ag from 581.65 metres. The
massive chalcopyrite interval is located within a broader zone of
mineralisation similar in style to the remainder of the previously identified
Kalman deposit. Assaying of the broader zone of mineralisation is currently
being undertaken.
Kings Minerals has
advised that drilling to follow up the dip continuity of this highly
significant intersection has commenced.
K-106A was drilled
as part of an ongoing program being undertaken by Kings Minerals at the Kalman
project to test for down plunge extensions of the previously identified higher
grade molybdenum-copper mineralisation. Results for a number of other
holes completed are pending.
Syndicated Metals?
Managing Director, Mr Russell Davis said
he was delighted with the result which further confirmed the Company?s belief
in the potential of the Kalman South project.
Yours faithfully,
Russell Davis
Managing Director
For further information,
contact Russell Davis on 0419 195 087
or view our website www.syndicatedmetals.com.au
The information in this report that relates to Exploration Results is
based on information compiled by Russell Davis
who is an Executive Director of Syndicated Metals Limited and a member of the
Australasian Institute of Mining and Metallurgy. Russell
Davis has sufficient experience which is relevant to the style
of mineralization and type of deposit under consideration to qualify as a
Competent Person as defined in the 2004 Edition of the ?Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves?. Russell Davis consents to
the inclusion in the report of the matters based on this information in the
form and context in which it appears.
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