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Market: ASX
Sector: General Mining
EPIC: CAP
Latest Price: A$0.29  (0,00%)
52-week High: A$0.51
52-week Low: A$0.18
Market Cap: A$29.26M
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Carpentaria Exploration
www.carpentariaex.com.au

Carpentaria Exploration (ASX: CAP) is an exploration company focused on discovering base, precious metals and bulk commodities in eastern Australia. The company currently has interests in iron ore, tin, gold, copper and coal exploration projects. Discoveries to date include: Hawsons Iron Project - NSW and the Euriowie Tin Project - NSW.

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Carpentaria Exploration director Mike Chester retires from the board

8th Aug 2011, 8:19 am

Carpentaria Exploration (ASX: CAP) has announced that the foundation board member Mike Chester has retired from the board - for personal reasons.

The board thanked Chester who helped the company evolve from a explorer to discoverer.

Carpentaria is currently undertaking some very interesting exploration programs, and just last month allocated a substantial $3.5 million budget for greenfields exploration in financial year 2012.

The budget is to continue aggressive exploration across eastern Australia, which excludes the Hawsons Iron Project pre-development costs.

Carpentaria already has a selection of priority drilling targets identified at the Koonenberry Nickel and Temora Gold Projects, with the Yanco Glen and Apollyon tin-tungsten projects near Broken Hill to be advanced.

At Koonenberry the company has an extensive footprint of 1800 square kilometres, which comprises six new exploration licenses, with a high priority prospect including Mt Arrowsmith East.

Boosting the prospectivity at Mt Arrowsmith East is a past sulphide bearing drill intersection of 22 metres at 0.23% nickel and 0.18% copper was recorded in a deformed ultramafic intrusion, which is part of a 7 kilometre geological belt containing similar intrusions.

 

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