This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Dot Resources to drill 3,000 metres on Dot property 2009-10-26 07:31 ET - News Release Mr. Ihor Wasylkiw reports DOT ANNOUNCES COMMENCEMENT OF EXPLORATION PROGRAM
Dot Resources Ltd. has commenced its 2009 fall exploration drilling program on its 4,800-acre, 100-per-cent-owned Dot porphyry copper-plus-or-minus-molybdenum, gold, silver property located 17 kilometres south of the Highland Valley mining district, in south-central British Columbia. It is anticipated that the proceeds of the recently announced financing of approximately $850,000 will finance the planned 3,000-metre diamond drilling program. It is further anticipated that up to 10 holes focused on the Southeast zone, the West zone, and the Northwest zone will be drilled with hole depths ranging from 250 to 450 metres. The objective of the drilling program is to validate new and highly prospective areas of copper mineralization. John J. Komarnicki, president and chief executive officer, stated: "We are very pleased to be commencing our fall drilling program which we anticipate completing before or shortly after the end of 2009 with results of this program being made available thereafter. We are focusing on what we believe to be high-impact targets, those that if successful, will add significantly to our current reported National Instrument 43-101 resource base of 4.47 million tonnes of indicated resource grading 0.42 per cent copper and 2.39 million tonnes of inferred resource grading 0.40 per cent copper, both at a 0.2-per-cent-copper cut-off." The remainder is available to Stockwatch subscribers.
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