The additional area covers 5,700 square km from the western boundary of the company's current copper-silver tenements across to the Namibian border. An assessment of the seven new tenements indicates that they have potential to contain about 600-strike km of mineralisation of a similar style to that found in the company's current Zeta, Plutus and Petra Inferred Mineral resources. Discovery Metals already has an inferred mineral resource of 46.1 million tonnes at 1.3 percent copper. Securing the tenements gives Discovery control over a substantial portion of the Kalahari Copper Belt.
Turnstar Issues Cautionary Note
Turnstar Holdings Limited has issued a cautionary announcement, advising shareholders that the company is in negotiations, which if concluded successfully, will result in the acquisition of properties and may have an impact on the prices of securities. Unit holders are therefore advised to exercise caution when dealing with the securities of the company until a full announcement is made.
DCI Up
The Domestic Company Index (DCI) gained 1.84 percent to close at 7,147.34 points while the FCI lost 0.06 percent to close at 2,594.26 points. Imara registered a phenomenal 44.74 percent gain. Other gainers include CIC Energy, Barclays, and Stanchart. The biggest loser was A-CAP, which lost 7.19 percent to 4.00thebe.
