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| GMM - the retracement was expected in the red market, support at 20/20.5c |
Mongolia
Uvs Basin Project
(Potash; lithium & potassium brines exploration - GMM 100%)
In October/November the Company drilled of a series of 8 shallow
structural holes totalling 1,100m by a combination of direct
circulation rotary and down-hole hammer drilling to a maximum
depth of 150m. The obtained geological information helped to better
understand this underexplored area and will be used in planning a
deeper drilling program in the coming 2011 field season seeking
bedded potash that is the Company’s primary exploration target.
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