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High Grade Copper Results at Daningen Project, Sweden
Multiple high-grade copper assays from in-situ (i.e. not boulder) rock chip sampling at the Daningen Project include:
- 4.95% copper
- 6.55% copper
- 4.99% copper
- 2.26% copper
- 7.13% copper
Mineralised samples are co-incident with an historic EM anomaly identified in 1950
Scandinavian Resources to complete modern EM survey this Quarter to better refine bedrock targets for future diamond drill testing
Appointment of Exploration Manager
- Mrs Amanda Arrowsmith appointed Exploration Manager
- Mrs Arrowsmith was previously Exploration Manager of Hannans Reward Ltd (April 2008 – June 2010) where she played an integral role in the development of the Company’s nickel, gold, iron and manganese portfolio and is credited with the discovery of high grade iron mineralisation at the Jigalong Project.
- Previously Mrs Arrowsmith held roles as Exploration Geologist with Hannans (October 2007 – March 2008), Navigator Resources Ltd (2005 – 2008) and De Grey Mining Ltd (2004 – 2005).
- Mrs Arrowsmith is a Member of the Australian Institute of Mining & Metallurgy.
Diamond Drilling has commenced at the Lake Embrace (Famnvatnet) Project, Norway
- Diamond drilling to test up to 16 electro-magnetic (EM) geophysical anomalies
- EM anomalies generated through heli-borne VTEM survey
- High-grade Pb, Zn, Cu and Ag mineralisation being targeted
- Previously announced rock chip results include 1.87% Cu, 3.00% Pb, 8.05% Zn, 105ppm Ag and 0.62ppm Au from JS011.
An Emerging Iron Story Presentation
Scandinavian Resources Limited has the pleasure of inviting you to a presentation titled,
An Emerging Iron Story, Kiruna Project, Sweden
Date: Tuesday, 13 July 2010
Time: Presentation commences at 2.30pm
Venue: Duxton Hotel, No. 1 St Georges Terrace, Perth
RSVP by Monday, 12 July 2010 to Mindy
T: 08 9324 1153 | Email: admin@scandinavianresources.com
An Emerging Iron Story
Scandinavian focussed minerals company Scandinavian Resources Ltd (ASX:SCR) (“the Company”) has increased its iron exposure at the Kiruna Project, in northern Sweden to 98 million tonnes through a joint venture and identification of historical foreign estimates.
- Scandinavian Resources Ltd (ASX:SCR) increases exposure at Kiruna Project to 98Mt of iron within 6 prospects
- Furthermore, an 8 – 10 million tonne iron exploration target ranging in grades from 25% Fe – 69% Fe established within additional 3 prospects
- Prospects all located within 20km of major mining centre and modern infrastructure, Kiruna District, Northern Sweden
- Strategy is to aggregate sufficient resources to assess feasibility of iron mining scenarios – refer attached presentation “An Emerging Iron Story, Kiruna Project, Northern Sweden”
- Metallurgical testwork and head assay confirmation of historical diamond drilling has commenced
- Joint venture with Tasman Metals Ltd (TSXV:TAS)
Reinstatement to Official Quotation
The suspension of trading in the securities of Scandinavian Resources Ltd will be lifted immediately, following receipt of an announcement regarding a joint venture and resource estimates.
Update on Kiruna Iron Joint Venture
- Joint Venture (JV) with Tasman Metals Ltd (TSXV:TAS) concluded
- JV tenure adjoins SCR's current Kiruna Iron Project and further entrenches SCR position in world-class Kiruna District
- Full details of the JV terms and tenure can be accessed from the Tasman Metals website, www.tasmanmetals.com
- SCR and ASX working together to achieve outcome on waiver applications that may enable reporting of the historical foreign resource estimates included in JV tenure
- SCR to make JV release on determination of waiver application
Suspension from Official Quotation
The securities of Scandinavian Resources Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.
Security Code: SCR
Trading Halt
Scandinavian Resources Limited requested for the trading halt in its securities pending release of an announcement regarding an expansion of its exploration activities in the Kiruna District, northern Sweden.
The securities of Scandinavian Resources Limited will be placed in pre-open at the request of the company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Monday, 31 May 2010 or when an announcement is released to the market.
Appointment of Paul Thomas as Non-Executive Director
Scandinavian Resources Ltd (ASX:SCR) is pleased to announce the appointment of Mr Paul Thomas as a non-executive director.
His extensive development and operational experience comes after being in the mining industry for 25 years, most of which has been within Australian listed gold and base metal mining companies.
.JPG)