Conto Resources Ltd announced September 17 to the Australian Stock Exchange that a recently completed geophysical survey has defined new targets for continued copper and zinc exploration at Udu Point.
Conto Resources, an Australian publicly listed company is in a joint venture with Dateline Resources Ltd who owns and operates mineral exploration at Udu Point through its Fiji subsidiary Matai Holdings.
?Matai Holdings has been exploring for copper and zinc deposits over its at Udu Point since l996.? It is an ongoing commitment. Since the joint venture was initiated last year $3.5 million has been spent on mineral exploration at Udu Point, according to Steward Capp, Exploration Manager for Matai.
?The joint venture is pleased with the results of our recent exploration programme which continues to build our knowledge base for the region.? This latest work has provided new targets for drilling and we expect to initiate follow up work in coming weeks.? according to Mr. Capp.
?The geophysical survey was conducted over an area of 685 Hectares, over 3 Mataqali, and it took 2 months to complete.? During the period we employed 25 Udu point workers per day.
?We would like to extend our thanks to our employees at Udu Point for their hard work and completing the job on schedule? Mr. Capp concluded.